Analysis of Trades and Trading Recommendations for the British Pound A test of the 1.2654 price level occurred when the MACD indicator had dropped significantly below the zero mark and was in the oversold zone, enabling a scenario for buying the...
Trading journal Thursday, November 21, 2024 USDCHF Good afternoon, Analysis using a 4-hour time frame shows that on Wednesday night's trading, the UsdChf pair is still trying to swing to maintain an upward wave by trying to move away from the...
The market's broader trend on the H1 timeframe shows a recovery from the lows near 0.6460. After an extended bearish phase, the pair has begun forming higher lows and higher highs, suggesting a shift in sentiment toward bullishness. However, the...
The spot price edged slightly higher during Thursday’s European session, trading around the 0.8829 mark. The Swiss Franc showed weakness ahead of the Swiss National Bank's (SNB) upcoming interest rate decision, adding pressure to the currency....
During Thursday’s North American session, the spot price dipped below the pivotal 1.3950 level, driven by a mix of market forces. Softer-than-expected Canadian Consumer Price Index (CPI) data, combined with strong U.S. Retail Sales figures from the...
