USD/CHF H1 After yesterday's trading results, buyers of the Swiss franc formed the first upward impulse and on the H1 timeframe, after which from the northern starting line of 0.8660 the price of USD/CHF turned south for correction. The nearest...
Crude Oil (#CL) Technical Analysis Crude oil has been under significant bearish pressure since the end of July, consistently trading below the crucial moving averages: EMA50, EMA100, and EMA200. This trend highlights a strong downward momentum...
NZD/USD Forum Analysis, Forecast 01 September 2024 It's been two days, Thursday and Friday, the nzdusd movement has started to decline. The beginning of the nzdusd decline was when the candle touched the 0.6298 area. After I checked again, that...
In forex trading, the term "ellipse shape" is not a standard technical term, but can be interpreted in several ways, especially when analyzing price action or chart patterns. Below are some possible interpretations and uses of the ellipse shape in...
USD-CHF PAIR ANALYSIS Since the candle could not penetrate the demand area at the price of 0.8402, the movement of USDCHF which was previously down turned up. The increase started on Thursday and continued on Friday. As a result of the increase,...