I-EURCHF iyaqhubeka nokuhlonipha iResistance Trendline

UAzeez Mustapha

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Uhlalutyo lweMarike – ngo-Epreli 11

The EURCHF market continues to respect the ukumelana trendline anchored on the current year’s high at 1.0090. The bearish trendline has successfully prevented an ascent in EURCHF’s market after multiple tests.

Amanqanaba aphambili e-EURCHF

Amanqanaba okumelana: 0.9890, 0.9970, 1.0060
Amanqanaba enkxaso: 0.9850, 0.9780, 0.9720
I-EURCHF iyaqhubeka nokuhlonipha iResistance Trendline

EURCHF Ixesha elide Trend: Bearish

The EURCHF market found support in November after pressing on the lower Bollinger band and the support level of 0.8720. The Stochastic Oscillator indicated the end of the pullback. A price surge from the support level followed. The price rose rapidly to the supply level of 0.9890. Consolidation abounded in December. It was obvious from the momentum indicator that the market had lost momentum to rally. After the test of the supporting band of the Bollinger on the 29th of December, Buyers gained momentum. The market experienced a bullish displacement to 1.0090 in January.

The high of 1.0090 in January has remained the market’s peak this year. The ascending trendline on the daily chart failed to hold on the 7th of February. Subsequent highs have aligned orderly below one another. The swing highs have been anchored perfectly on a bearish trend line.
I-EURCHF iyaqhubeka nokuhlonipha iResistance Trendline

EURCHF Ixesha elifutshane Trend: Bearish

The Stochastic Oscillator is already oversold on the daily chart as well as the 4-hour chart. A pullback to the bearish trendline is currently anticipated.

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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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