Technical analysis of the USDCHF pair Daily chart The price started trading this month within sideways price channels, after two months of sideways trading. Before that, the price was in an upward trend for several months, and then the sideways...
First, if the price breaks below the 168.02 level, it indicates that the sellers have gained control, and further decline is expected. This level acts as a critical support, and breaking it suggests that the market sentiment has turned bearish....
We can notice the effect of the US Non-Farm and Average Hourly Earnings rate on the USD/CHF pair. After the release of this news, the market of USD/CHF bounced up and reached around the 0.8970 zone yesterday. This movement indicates that the buyers...
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EUR/JPY daily M30 timeframe chart Greetings. Friday market dynamics, particularly in relation to the dollar, were evident as this currency pair continued its trend within the established range. However, a notable decline occurred on Tuesday, leading...