Technical analysis of the EURUSD pair 1-hour chart The price started trading today with an upward price gap that has not yet been closed Technically, the price begins trading in a resistance area at the upper line of the price channels Therefore,...
What is a Hammer Candlestick Pattern? The Hammer Candlestick Pattern is a single candlestick pattern that indicates a potential reversal in the market. It is easily recognizable by its small body and long lower shadow, which is at least twice the...
### Analysis of the USD/CHF Exchange Rate and Future Outlook #### Current Situation As of now, the USD/CHF (U.S. Dollar/Swiss Franc) exchange rate stands at approximately 0.9015. The pair has been experiencing a bearish trend, indicating that the...
Gold might stall its stellar rally this year The yellow metal is acknowledged to be overvalued. It would not be a sensation if analysts had to downgrade the outlook for gold soon. While gold is still trading at elevated levels, perhaps it makes...
According to USD/CHF yesterday, buyers tried to correct the price in the northern direction, but without reaching the maximum of the previous daily range, a reversal occurred and a candle was formed. Which is directed south. Today, in the Asian...