AUDCHF H4 chart, Based on technical analysis follows the trend with the help of MACD oscillator.
Bullish potential can be seen. Technically there are 2 reasons AUDCHF possible to be bullish :
1. The price has touched the support area.
2. The histogram of MACD has shown a dark red fading, which means the bearish trend is weakening.
Risk : MACD Line has not crossed yet, which means it has not been confirmed for bullish. Bearish can also occur if the price manages to breakout from the support area.
Opportunities : We can enter now to get a better risk reward ratio.
Bullish potential can be seen. Technically there are 2 reasons AUDCHF possible to be bullish :
1. The price has touched the support area.
2. The histogram of MACD has shown a dark red fading, which means the bearish trend is weakening.
Risk : MACD Line has not crossed yet, which means it has not been confirmed for bullish. Bearish can also occur if the price manages to breakout from the support area.
Opportunities : We can enter now to get a better risk reward ratio.