The Correction Phase is done
The CHF/AUD pair exhibits a potentially bullish market sentiment as the moving average is positioned below the candles, indicating a positive trend. Furthermore, the MACD line and histogram cutting above the zero line suggest a shift towards upward momentum.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Traders may consider monitoring for potential buying opportunities or a bullish trend continuation in the CHF/AUD pair. The CHF/AUD pair is displaying several bullish indicators. Firstly, the moving average is positioned below the candles, suggesting a positive trend. Additionally, the MACD line and histogram cutting above the zero line indicate upward momentum. Furthermore, the Ichimoku base line is above the conversion line, indicating a bullish bias. These combined signals suggest a potential continuation of the bullish trend in the CHF/AUD pair. Traders may consider monitoring for buying opportunities and assessing the strength of the bullish momentum in their trading decisions.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.