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DXY: For DXY, the potential direction is bearish, aligning with the overall momentum of the chart. There’s a likelihood of a bearish continuation towards the 1st support level. The pivot at 103.44 acts as a significant overlap resistance, indicating a potential barrier where selling pressure may intensify. On the support side, the 1st support at […]

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08/08/2024

USDCHF Wave Analysis

USDCHF reversed from support zone Likely to rise to resistance level 0.8735 USDCHF currency pair recently reversed up from support zone located between the support level 0.8430 (which stopped the weekly downtrend at the end of 2023) and the lower weekly Bollinger Band. The upward reversal from this support zone stopped the previous weekly impulse […]
30/08/2024

USD/CHF Rebounds from Yearly Lows

The USD/CHF pair tested its yearly low slightly below 0.84100 yesterday but has since recovered to just above 0.84800 today. The bullish sentiment was supported by positive news about the U.S. economy—data released yesterday showed GDP growth for the second quarter at 3.0%, surpassing the expected 2.8%. Bulls may find further encouragement from events earlier […]
20/12/2023

Gold Price Eyes Breakout, Crude Oil Price Recovers

Gold price gained traction and climbed above the $2,030 resistance level. Crude oil price is recovering, and it could climb further higher toward the $78 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $1,975 zone against the US Dollar. A connecting bullish trend line is […]