If you don’t trade the AUDCHF… you should (at least this week)

Written by Raul Lopez on . Posted in Trades & Analysis. 4 Comments

Hope you had a great weekend!

Before I show you why you should focus on the AUDCHF, these are some of the fundamentals I’ll keep an eye on this week:

Tuesday:
CB Consumer confidence

Wednesday:
FOMC Statement

Thursday:
GBP Interest rate (plus rate statement)
EUR interest rate (plus ECB press conference)

Friday:
Non-farm payrolls report

As you can see there are plenty so be careful alright? Especially on the ECB press conference and NFP report.

Ok, now to the AUDCHF. There is no doubt that the AUDCHF is trading in a very clear bullish market condition, this means that we should be looking for long opportunities.

Here is the chart:

So I’m waiting for a small retracement before I open my long trade.

What do you think?

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
  • Kajagbebalogun

    Dear Lopez,
    I am new to your analysis and am glad to joined you but my reason of this massage is that kindly be indicate the price on the chart because based on above chart i dont real know exactly price at even at what price is pivot

    • Raul Lopez

      Hey Kajagbebalogun, 

      Thanks for your input… I’ll try to include the price levels but there are charts that it’s just impossible because I leave a mall space on the right to draw my lines/arrows. 

      Also, you get a rough idea of price by placing the same levels on your charts. Try it and let me know if it helps!

      Thanks again!

  • Smitak111

    yes…I can see the trade…target around.1.0400 area

    • Raul Lopez

      Finally a trade both of us agree.. :) Good luck Smita!

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