The USD/CHF H1 chart exhibits a clear bullish trend, with the price steadily climbing above the 50-period moving average. This moving average, marked in red, acts as dynamic support, providing a reference point for potential pullbacks within the...
General Points of GBPCHF: We can see that the GBPCHF market closed at 1.1295, and last week's UK news events significantly strengthened the buyers. The UK Claimant Count data and BOE updates greatly benefited the buyers. On the other hand, the...
General Points of EURCHF: The price of EURCHF looks at 0.9360 and this close price represents a bullish concept for buyers. Last time, we observed that the ECB Governor's speech and the CPI rate did not benefit the EUR significantly. These key...
PAIR REVIEW EURJPY Thus, the “Bearish Engulfing” candlestick pattern should perform two primary functions on the market: 1. To become the driver of the bearish correction by forming a local peak (3), but already a graphical reversal model (1-2-3)...
The GBP/USD currency pair, commonly referred to as "Cable," is a major forex pair that represents the exchange rate between the British Pound Sterling and the US Dollar. Its price movements are influenced by a combination of technical, economic,...
