EURCHF Market Analysis – February 15 EURCHF suffers rejection at a significant price level of 1.06070, but that has not silenced the raging of the bulls. The upsurge in price was cut off abruptly at this resistance level. A slight pullback followed before bulls charged back at the resistance level. The second chargeback was equally […]
EURCHF Price Analysis – February 8 EURCHF marches upwards with a price surge to the 1.06070 critical level. The market eventually gains momentum from the 1.03270 support level. This lasts for seven days before the price marches past several key levels to reach 1.06070. EURCHF is now trying to negotiate its way past the resistance […]
EURCHF Price Analysis – January 25, 2022 EURCHF reverts to 1.03270 as selling pressure negates bullish strength. After the price broke out of the long-drawn descending channel, it met resistance at 1.04520 and then undulated through another descending channel to 1.03270. From here, the bulls switched and powered the market through several key levels. However, […]
EURCHF Annual Forecast – Price Stabilizes Above the 1.03160 Support Level The annual forecast for EURCHF is for the price to stabilize itself above the 1.03160 support level. The year 2021 was a year characterized by mostly bearish activity in the EURCHF market. This is chiefly due to the price working in accordance with its […]
EURCHF Price Analysis – December 11 EURCHF finally begins a bullish correction phase from the 1.03270 key level. There has been a long-drawn bearish regime in which buyers were completely sidelined, having negligible influence in the market. However, from early December 2021, EURCHF began responding to the buyers, and this was demonstrated by the breakout […]
EURCHF Price Analysis – January 4 EURCHF bulls edge the market, but bearishness persists. Buyers finally set up a barricade at 1.03710, which was able to edge the market in their favor. Therefore, price breaks out of a long-draw descending channel on the 6th of December using a bullish engulfment candlestick pattern. However, bulls were […]
EURCHF Price Analysis – December 28 EURCHF is extremely weak as the price is seen to sink steadily. The market has been bearish since the 20th of September. The dive in the market was further confirmed by the prominent cross of the 9 and 21 Moving Averages. The price dropped from above the 1.0840 zone […]
EURCHF Price Analysis – December 25 EURCHF is being forced to consolidate above the 1.03930 significant level. The market is finally enjoying a period of respite from bearish forces after the price hit an impervious significant support level at 1.03930. While the sellers are still raging, the price has been forced to enter a consolidation […]
EURCHF Price Analysis – December 14 EURCHF Bulls get a hold of the market to disrupt the downward flow of price. It can be seen that as price plummeted deeper, the buyers got more daring and more frequent in disrupting the market flow. As a result, on the 6th of December, the bulls went one […]
