USDCHF: Channel Down continuation.USDCHF is bearish on its 1D technical outlook (RSI = 39.352, MACD = 0.004, ADX = 28.323) as despite the one month consolidaiton since Aug 27th, it is still inside a Channel Down long term. Technically as it approaches the top even sideways, it should start the new bearish wave. The one prior to that hit the 2.0 Fibonacci level. We expect a similar LL to be priced (TP = 0.8100).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Forextraing
2023.6.27 Daily European Perspective USoil is about to start!2023.6.27 Daily European Perspective
USD is weakening, silver is the strongest among non US currencies and precious metals, and US crude oil is about to start!
Hello, I'm Older Duan. Today is Tuesday, June 27 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index returns to the key position below 55MA at the daily level today!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been engaged in long short competition near daily levels of 144MA ($1938) and 165MA ($1923) in recent trading days! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two positions, bulls dominate; Below these two positions, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil hit the bottom of its daily low last Friday, which is 0.382 points above the golden section. Yesterday, its daily low hit the bottom of its daily low, which is 0.618 points above the golden section. This indicates that the big market is about to start! Then, in the following time today, we can take today's opening price ($69.52) as the important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the daily closing pattern of the euro against the US dollar yesterday was a cross star, which is the standard trading signal! Then in the subsequent period of this day, the opening price (1.09549) of the previous Friday can be used as the Bitwise operation of the important point in the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the lowest point of the pound US dollar against last Friday was precisely the highest point on May 10, 2023, and it is also the 2.000 level of the bottom up golden section! Then in the subsequent period of this day, the opening price (1.27459) of the previous Friday can be used as the Bitwise operation of the important point in the day! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder,Today is Tuesday, as this week is the last trading week of June, the monthly line for this month will be closed by the end of this week! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EURUSD FX Chart Analysis April 12
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin EURUSD ZeroMarket FX margin Chart Analysis for April 12.
It is a 30-minute chart neutral strategy.
Overall, the downtrend is strong.
Pay attention to the convergence section of the green resistance line / purple support line.
* Red arrow on the path of movement,
Long -> Short switching strategy.
Long Entry / Purple Support Line Stop Loss
Short position switching on the purple resistance line.
*Blue finger movement path
Short -> Long switching strategy.
Short entry / Stop loss on the orange resistance line
Long Switching / Orange Support Line Stopped
Stop loss is essential
I hope you operate safely.
Thank you.