{"id":138104,"date":"2018-11-30T10:40:28","date_gmt":"2018-11-30T15:40:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138104"},"modified":"2018-11-30T07:20:35","modified_gmt":"2018-11-30T12:20:35","slug":"audchf-forex-analysis-weaker-swiss-data-bullish-for-audchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/audchf-forex-analysis-weaker-swiss-data-bullish-for-audchf\/","title":{"rendered":"AUDCHF Forex Analysis: Weaker Swiss data bullish for AUDCHF"},"content":{"rendered":"<div id=\"inves-3198102659\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 30, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Weaker Swiss data bullish for AUDCHF<\/strong><\/p>\n<blockquote><p>Switzerland\u2019s economy slowed more than expected in the third quarter. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/audchf\"> AUDCHF <\/a> climb continue?<\/p><\/blockquote>\n<p>The Reserve Bank of Australia left the interest rate at 1.5% and revised up a little its forecasts for economic growth in 2018 and 2019 at its November 6 meeting. Economic data have mostly been mixed since its last meeting. However while Australian business investment unexpectedly contracted in the third quarter the estimate of total investment through the 2018-19 fiscal year was upgraded to $114.1 billion Australian dollars, up 11.3% from an estimate made three months ago. Meanwhile Switzerland&#8217;s economy unexpectedly shrank last quarter: Swiss gross domestic product slid 0.2% on quarter, resulting in a 2.4% growth over year instead of expected 2.9%. Weaker Swiss data are bullish for AUDCHF .<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/AUDCHF_O_30Nov2018.png\" alt=\"AUDCHF still in uptrend Technical Analysis IFC Markets chart\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the 4-hour timeframe <b>AUDCHF: H4 <\/b> is trading with positive bias after hitting one-month low twenty days ago.<\/p>\n<ul class=\"emailSummary\">\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a buy signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates no trend yet: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> is above the signal line with the gap widening. This is a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stoch\"> Stochastic indicator <\/a> is falling but has not breached into the oversold zone.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 0.7309. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian channel at 0.7193. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit\/loss ratio to the breakeven point. If the price meets the stop-loss level (0.7193) without reaching the order (0.7309) we recommend cancelling the order: the market sustains internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy Stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 0.7309<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0.7193<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-3723988309\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Weaker Swiss data bullish for AUDCHF Switzerland\u2019s economy slowed more than expected in the third quarter. Will the AUDCHF climb continue? The Reserve Bank of Australia left the interest rate at 1.5% and revised up a little its forecasts for economic growth in 2018 and 2019 at its November 6 meeting. Economic data [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-138104","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=138104"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138104\/revisions"}],"predecessor-version":[{"id":138118,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138104\/revisions\/138118"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=138104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=138104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=138104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}