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...
Technical Analysis
On the 4-hour chart, USD/CAD has broken above the 1.3746 resistance level, which corresponds to the top swing of the recent rally from 1.3687.
The breakout above this level is a bullish signal, reinforced by a positive RSI reading above 70, indicating strong buying momentum.
The MACD histogram is in positive territory, and the stochastic...
Technical Analysis
On the 1-hour chart, EUR/USD is trading near 1.1408, showing a corrective pullback after recent gains. The pair breached a rising trendline support around 1.1411 and is approaching key Fibonacci retracement levels derived from the recent swing low to high. Immediate support lies at the 100% Fibonacci level near 1.1368, with further downside...
Technical Analysis – EUR/USD (1H Chart)
EUR/USD is currently trading around 1.1367, slipping after a failed attempt to break above the recent swing high of 1.1406. The pair has now broken below a short-term ascending trendline and is testing the key support drawn from the last bullish leg at 1.1368. Breaking of this level can push the pair lower.
The break of...
