Iinkunzi ze-EURCHF ziBonisa ukuzinza kwiNqanaba eliKhulu lokuchasa

UAzeez Mustapha

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Uhlalutyo lweMarike – ngo-Epreli 11

EURCHF has demonstrated notable resilience as it encounters a significant resistance zone at 0.9840. This marks a pivotal juncture in its recent bullish trajectory. The pair embarked on an upward trajectory following a decisive bullish reversal earlier in the year. The reversal played out with a double-bottom pattern heralding a pronounced shift in market sentiment.

Iinkunzi ze-EURCHF ziBonisa ukuZimelela njengoko iNqanaba eliKhulu lokuchasa licelwa umngeniAmanqanaba aphambili e-EURCHF

Amanqanaba eMfuno: 0.9700, 0.9600, 0.9500
Amanqanaba obonelelo: 0.9840, 1.000, 1.1000

I-EURCHF yexesha elide yokuhamba: Bullish

The bullish structural shift in January provided the impetus for the prevailing uptrend, characterized by a steadfast adherence to a steeply inclined bullish trend line. However, discerning technical indicators suggest a potential inflection point at the current ukumelana zone. The Relative Strength Index (RSI) on the daily chart reflects an overbought condition, signaling a potential exhaustion among buyers as the price confronts resistance.

Ngenxa yoko, a yokubuyisela is anticipated, albeit within the broader context of the bullish trend. This corrective phase is projected to find support at the 0.9700 level, coinciding with the Moving Average, reinforcing the resilience of the prevailing bullish bias.

Iinkunzi ze-EURCHF ziBonisa ukuZimelela njengoko iNqanaba eliKhulu lokuchasa licelwa umngeniEURCHF Ixesha elifutshane iTrendi: Bearish

While the daily chart reflects a retracement within the overarching bullish trend, a closer uviwo of the 4-hour chart reveals indications of a potential trend reversal. The breach below the bullish trendline on the shorter timeframe underscores this ukungafani, hinting at a shift in momentum.

As such, while a temporary pullback is anticipated in the immediate term, the broader bullish trajectory remains intact. It is imperative to juxtapose the short-term fluctuations against the backdrop of the higher timeframe to safely deliver the Iimpawu eziphambili ze forex.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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