The USDCHF pair, currently in a bullish trend, seems unable to continue its rally towards the resistance level (R1) of 0.9174. Instead, the price has decreased and reached the support level (S1) of 0.9095. If the price cannot rise past the pivot...
GBP/USD Technical Analysis Before attempting a decline, the price can reach the monthly pivot level of 1.2760. This month's trading began to trade within two downward channels: the red channel, representing the previous month's downward trend, and...
USD/CHF ANALYSIS 11 JUNE 2024 Observing the price movement of the USDCHF pair, it currently appears to be trying to pass the pivot point (PP) 0.8960 after failing to continue its decline lower towards support (S1) 0.8881. Only the price that is...
Gold prices have fluctuated recently. Earlier this week, they fell to one-month lows on Friday, but they have since recovered some losses and are now around $2,295 per ounce. Several factors contributed to the initial drop in gold prices. First,...
EUR/USD technical analysis Currently, the price is trading within an area of support formed by the daily chart's 1.0760 monthly pivot level. There are two price channels in the market this month, one of which is bullish in red and represents the...