AUD/CHF

I went back long into AUD/CHF again with latest bullish development of an inverse head and shoulders with an ascending neckline - bullish. Stop at 0.8940 with pattern measuring target 0.95. Congestion at 0.9300 horizontal region. Good luck!

Aussie + Apple

AUD/CHF printed a high of 0.9070 last night and formed three white soldiers (green bars in this chart), which is a reversal follow up bullish reversal candle stick pattern from its falling wedge.

AUD/USD flag has also broken out to the upside.

Likewise for its AUD/SGD cross.

Apple, the largest (>12%) component of NASDAQ 100, the leading US stock market index has also broken out of its falling minor trendline and is currently testing fibonacci 38.2% retracement. A pullback at this stage is likely. However the overall volume trend still bearishly supports a head and shoulders pattern with the falling red support line acting as its neckline. Unless it could break out of its falling resistance rail on convincing volume, the overall momentum tilts the market outlook slightly to the bears.

The bounce has happened. Now its time to see where this leads us to. Good luck to all.

AUD/USD

AUD/USD is increasingly looking bullish. It's currently forming a bull flag and is well supported at previous broken resistance. Flags fly at half mast. A breakout of this pattern will see it fly towards 1.1600, its measuring target and return line.

Good luck to all.

AUD/CHF

Yesterday:

I went long AUD/CHF due to bullish falling wedge setup. There is a gap support at 0.8640 and placed stop at return line 0.8600. Target 0.9300, triple convergence between wedge measuring move, falling trendline and horizontal resistance. Good odds for risk-reward.

Today:




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Good luck!