Technical Analysis
On the 4-hour chart, USD/CHF is building a recovery from the 0.79441 low. Notably, the pair is not retesting the previous falling trendline but is approaching a critical resistance at the last swing high of 0.79793.
If bullish momentum persists, a break above 0.79793 (last swing top and 100% Fibonacci retracement) will open the way to 0.79889...
Market Overview:
GBP/AUD has shown signs of recovery this Monday, bolstered by a modest improvement in risk appetite globally. The Australian dollar faces some pressure due to mixed domestic economic signals and external factors such as cautious investor sentiment on China’s growth prospects. Meanwhile, the British pound is supported by steady housing data,...
Technical Analysis
The EUR/USD 4-hour chart reflects ongoing bearish pressure after failing to sustain above the 1.17647 resistance zone, indicating sellers are currently dominating the market. The pair trades below the 20-period EMA (blue line), which is beginning to slope downwards, confirming short-term bearish momentum.
Price action remains beneath the...
Technical Analysis
The CAD/CHF pair remains firmly in a downtrend on the 1-hour chart, with price consistently making lower highs and lower lows, underscoring sustained selling pressure. The price is trading below both the 20-period and 50-period weighted moving averages, which have turned downward, signaling bearish momentum.
Price action recently tested the...
Technical Analysis
The EUR/CHF 1-hour chart highlights a clear breakout from a symmetrical triangle consolidation pattern, indicating bullish momentum. The price has decisively breached the upper trendline resistance near 0.9335 and surged above the last top resistance at approximately 0.9343, signaling a strong upward impulse.
Key levels and technical...
Technical Analysis
The gold spot price recently tested resistance near $3,451, marking a significant swing high. Following this, the price has pulled back to the 61.8% Fibonacci retracement level at approximately $3,353, which currently acts as critical support. The daily chart shows gold holding above its 50-day weighted moving average (WMA) around $3,250, with...
