USD/CHF Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 0.7819; (P) 0.7879; (R1) 0.7924; More….

USD/CHF is still staying in consolidations below 0.7957 and intraday bias remains neutral. As noted before, rise from 0.7603 should be correcting whole decline from 0.9200. Above 0.7957 will target 38.2% retracement of 0.9200 to 0.7603 at 0.8213. This will remain the favored case as long as 0.7746 support holds.

In the bigger picture, a medium term bottom should be in place at 0.7603 on bullish convergence condition in D MACD. Rebound from there is seen as correcting the fall from 0.9200 only. However, decisive break of 55 W EMA (now at 0.8085) will suggest that it’s probably correcting the larger scale down trend from 1.0146 (2022 high). On the other hand, rejection by the 55 W EMA will setup down trend resumption to 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382 at a later stage.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Why more African traders are turning to global brokers for forex trading

In the past, forex trading was mainly viewed as a specialised, niche financial activity in Africa. However, that has all changed, with the market becoming much more mainstream across the country. People from all demographics are beginning to trade. Youths, business professionals, current students, and even retirees will regularly participate in generating surplus income from

Professional trading desk interface showing the EDXM KRWQ/USDC derivative chart for forex trading.

A Revolutionary Digital Forex Alternative Hits the Market

BitcoinWorldEDXM KRW Derivative Launch: A Revolutionary Digital Forex Alternative Hits the Market March 25, 2025 – In a significant move bridging traditional finance and digital assets, EDXM International has announced the imminent launch of a blockchain-based derivative tracking the Korean won-US dollar exchange rate. This product, a digital alternative to traditional non-deliverable forwards (NDFs), leverages

Featured Image

PrimeXBT receives ‘Best Trading Conditions’ and ‘Best Forex & CFD Broker’ awards for Asia | Currency News | Financial and Business News

Castries, Saint Lucia, March 24th, 2026, FinanceWire PrimeXBT, a global multi-asset broker and crypto asset service provider, has won two awards at the World Business Outlook Awards 2026, receiving Best Trading Conditions – Asia and Best Forex & CFD Broker – Asia. This recognition underscores the company’s leadership in delivering consistently high-performance trading conditions, combining

Silver may find floor at 60, but break risks deeper fall to 50

Silver may find floor at 60, but break risks deeper fall to 50

Silver is approaching a critical support zone as its “dual role” as a monetary and industrial asset continues to diverge. Tightening expectations on global central banks, driven by the energy shock, are weighing on its monetary side, leaving the 64 support zone increasingly vulnerable. While industrial demand and persistent physical deficit may offer a floor

EUR/USD Daily Outlook - ActionForex

EUR/USD Daily Outlook – ActionForex

Daily Pivots: (S1) 1.1532; (P) 1.1565; (R1) 1.1605; More…. Intraday bias in EUR/USD remains neutral at this point. With 1.1666 cluster resistance (38.2% retracement of 1.2081 to 1.1408 at 1.1665) intact, further decline is still in favor. On the downside, below 1.1408 will resume the fall from 1.2081 to 38.2% retracement of 1.0176 to 1.2081

GBP/USD Weekly Forecast - 22/03: Faces Volatility (Chart)

GBP/USD Weekly Forecast – 22/03: Faces Volatility (Chart)

Created on March 22, 2026 The GBP/USD went into this weekend slightly above the 1.33400 mark, which intriguingly is near the 1.33400 vicinity seen last Monday in the currency pair, which was then followed by a variety of reversals and volatility. The Iranian war has begun its forth week. Behavioral sentiment in the broad markets

EUR/USD Weekly Outlook - ActionForex

EUR/USD Weekly Outlook – ActionForex

EUR/USD recovered last week but upside is capped below 1.1666 cluster resistance (38.2% retracement of 1.2081 to 1.1408 at 1.1665). Initial bias remains neutral this week, and further decline is in favor. On the downside, below 1.1408 will resume the fall from 1.2081 to 38.2% retracement of 1.0176 to 1.2081 at 1.1353. However, decisive break

Gold Extends Lower as Wave (5) Approaches

Gold Extends Lower as Wave (5) Approaches

Gold (XAUUSD) continues to trade lower as the bearish sequence remains active. The decline from the recent peak is unfolding in a clear impulsive structure, which shows sellers still control the trend. From the high, Gold completed a larger corrective structure and then turned sharply lower. The decline is progressing in a five-wave impulse. Within

0
Would love your thoughts, please comment.x
()
x