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The chart shows that yesterday's daily candle formed right at the level of 0.6700. The price had several bounces and got choppy around this level earlier. After being bearish, it found its support at the level of 0.6700 and headed towards the North. It came back at the level again and produced yesterday’s bullish daily candle. An engulfing daily candle at Double Bottom support suggests that the buyers may want to wait for an upside breakout at the neckline to long on the pair. The daily chart shows that the nearest resistance is far enough to allow the buyers to have 1:1 risk-reward. The H4 chart shows that there is much space for the price to travel towards the upside, which allows the buyers to have even a better risk-reward. Let us have a look at the H4 chart.
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Audchf
australian dollar / swiss franc
0.67585
chf
−0.00318 (−0.47%)
market open (jan 03 09:53 utc-5)
0.67903
prev
0.67903
open
116.843k
volume
0.67461 — 0.67906
day's range
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US Dollar Extends Higher in Recovery
The US Dollar index (DXY) rallied a third of a percent on Thursday, dragging most of the major currencies lower. The greenback is seeing some follow-through buying in the early day on Friday which has caused a drop below notable support in EUR/USD.
Economic data from the Euro area came in mixed earlier today. Unemployment figures from Germany and Spain were reported slightly lower than the analyst estimate while French CPI beat expectations.
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Today market trend:Sell
Resistance and Support points also given has signal of market down
Technical indicators and Moving average se bhi market down hoti nazar aati hai
Agar ap profit hasil karna chahte hain to sell ki trade laga dein
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Pair hay. Aud chf
In market of this pair by searching the parabolic position it has strong buy option here ,ye market men ek acha pair ,hay .currency Kay hisab say is ki value kafi up ho rahi hay ,maray analyses Kay hisab say market men frame h1 pay is ko him bullish way ki tarf jata hua did kh saktay hen .or profit hasil hasil karnay Kay leay him is ko buy kar saktay hen .is ki majoda position strong bull type show ho rahi hay ,
Is pair Kay sath trade karnay ka shukria ,
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Market analysis about trading
Today market trend:sell
Pivot points
Current price
And
Resistance and Support points market ke nechay janay ke haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye
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Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.
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hi all
Audchf
australian dollar / swiss franc
0.67585
chf
−0.00318 (−0.47%)
market open (jan 03 09:53 utc-5)
0.67903
prev
0.67903
open
116.843k
volume
0.67461 — 0.67906
day's range
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predictions for the day.
trading is risky if no analysis is done
AUD/CHF - is the currency pair we will be focusing on
major low levels also known as supports 0.6752
major high levels also known as resistance - 0.6766
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hello
The chart shows that yesterday's daily candle formed right at the level of 0.6700. The price had several bounces and got choppy around this level earlier. After being bearish, it found its support at the level of 0.6700 and headed towards the North. It came back at the level again and produced yesterday’s bullish daily candle. An engulfing daily candle at Double Bottom support suggests that the buyers may want to wait for an upside breakout at the neckline to long on the pair. The daily chart shows that the nearest resistance is far enough to allow the buyers to have 1:1 risk-reward. The H4 chart shows that there is much space for the price to travel towards the upside, which allows the buyers to have even a better risk-reward. Let us have a look at the H4 chart.
