AUD/CHF Short

AUD/CHF 1H
Short
Entry: 0.9820
Stop: 0.9845
Profit: 0.9675

I plan to watch closely for a for a buy at this support level.

Technical Analysis of AUD/SGD Dates 2014.12.23

AUD/SGD since 19.02.2012 till now was in a strong and consistent downtrend that Sellers were successful in achieving the lowest price of 1.06173.Price during the downtrend by reaching to the important support level(made of 2 bottom prices) and touching the Fibonacci resistance level of 61.8( from the top price of 1.35984 to bottom price of 0.90713) has been stopped from more descends by creating a bottom price.According to the formed price movements in the chart, between the bottom price of 1.06173 and top price of 1.20467,there is AB=CD harmonic pattern with ratios of 78.6 and 161.8 (also at CD wave there is another pattern with ratios of 50 and 200) that with completion of the D point there will be a warning for ascending of price.

RSI indicator in daily time frame is in saturation Sell area and according to the next cycle confirms the created bottom price and warns about the possibility of ascending of the price during the next candles.Currently by breaking the resistance level of 1.07752, there will be an important warning for ascending of the price.Generally according to the technical signs in the price chart, until the bottom price of 1.06173 is preserved; there is the potential for ascending and price reformation in this currency pair.

Technical analysis of AUD/SGD dated 19.02.2015

was in a strong and consistent downtrend during the recent months that sellers were successful in obtaining the lowest price of 1.0324.price with reaching to the supportive level which is shown in the picture below ( made of 4 bottom prices) has stopped from more descend( sellers used this level to exit their trades) and with formation of a bottom price in Weekly time frame has prepared a field for ascending of price.According to the previous week changes, previous week candle was closed as Hammer candlestick pattern which shows vulnerability of descending trend and potential for formation of a bottom price in this range.

As it is obvious in the picture below, between the top price of 1.1384 and bottom price of 1.0324 there is AB=CD harmonic pattern with ratios of 50 and 161.8 that warns the potential of ascending from the D point of this pattern.Stoch indicator is in saturation sell area in weekly time frame and in divergence mode with the price chart that warns about changing price direction during the next days.Generally according to the current situation, until the bottom price of 1.0324 is preserved, there is the potential for ascending of price and reformation of descending trend.