During Friday's Asian trading session, the USD/CHF pair experienced an upward movement, reaching approximately 0.8840, primarily fueled by renewed demand for the US dollar. However, the pair's upward momentum faces significant headwinds from the...
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The pair is currently trading above the moving averages, which suggests a potential bullish bias in the market. However, I notice a divergence on the indicator, which indicates a possible decline in the near term. Since the price is still above the...
Importance of Support and Resistance Levels in Trading Support and resistance levels are fundamental concepts in trading that help traders make informed decisions. These levels act as psychological barriers in the market, influencing price movement...
The technical analysis of the USDCAD currency pair on the H1 timeframe reveals several key insights regarding its price action and potential future movements. First, it's essential to identify significant levels of support and resistance on the...
