I-EUR / CHF Ibuyisela kwakhona ngaphezu kweNqanaba le-1.0890, Iqala kwakhona i-Trending

UAzeez Mustapha

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Amanqanaba okuGxila aphambili: 1.0800, 1.0900, 1.1000
Amanqanaba enkxaso aphambili1.0600, 1.0500, 1.0400

I-EUR / CHF yeXabiso lexesha elide iTrend: Bearish
YeEUR / CHF pair is in a downward move since March. The currency price was making a series of lower highs and lower lows. The price is correcting upward to reach the previous highs. If price faces rejection at the recent high, the downtrend will resume. On the other hand, if price breaks the resistance line of the descending channel and closes above it, the uptrend will resume.

I-EUR / CHF-Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
The pair is at level 54 of the Relative Strength Index period 14. It implies that the pair is in the uptrend zone and above the centerline 50. EUR/CHF is approaching the oversold region of the market. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

I-EUR / CHF yeXesha eliPhakathi leTrend: Bearish
On the daily chart, the pair is falling. Meanwhile, on April 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.618 Fibonacci extensions or the low of level 1.0894. From the price action, the pair has retested the Fibonacci extension and has resumed its upward move.

I-EUR / CHF-Itshathi yemihla ngemihla

Isalathisi seeyure ezingama-4 Ukufunda
The moving averages are sloping downward indicating the downtrend. The pair is above the 75% range of the daily stochastic. It indicates that the market is in a bullish momentum.

Imbonakalo ngokubanzi ye-EUR / CHF
EUR/CHF pair is in a downward move. The downtrend will continue if it pair faces rejection at the recent high. From the price action, the market is reversing to resume an upward move.


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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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