EUR/CHF Reaches Bearish Exhaustion, May Resume Uptrend at Level 1.0689

U-Azeez Mustapha

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Amazinga Okumelana Nokubalulekile1.0800, 1.0900, 1.1000
Amazinga Okusekelwa Akhiye: 1.0600, 1.0500, 1.0400

Intengo ye-EUR / CHF Yesikhathi Eside: Ukulinganisa
EUR/CHF has been on a downward move since September 25. The current downtrend resumes after the retest at level 1.07488. The market is still falling. On October 15 downtrend; the last retraced candle tested the 78.6% Fibonacci retracement. It indicates that the pair will reach level 1.272 Fibonacci extensions and reverse.

I-EUR / CHF - Ishadi le-Daily

Ukufundwa Kwezinkomba Zansuku Zonke:
The pair is at level 36 of the Relative Strength Index period 14. It implies that the market is in a downtrend and below the centerline 50. The pair is approaching the oversold region. The 50-day SMA and 21-day SMA are sloping horizontally. It indicates the sideways trend.

I-EUR / CHF Ithrendi Yesikhathi Esimaphakathi: Bearish
On the 4-hour chart, the pair is also in a downward move. On October 28 downtrend; a retraced candle body tested 78.6% Fibonacci retracement level. This indicates that the pair will fall and reach level 1.272 Fibonacci extensions or 1.0688. The market is expected to reverse at that price level.

EUR / CHF - 1 Hour Ishadi

4-amahora Ishadi Izinkomba Ukufunda
Ama-SMA ezinsuku ezingama-50 nezinsuku ezingama-21 athambile emaceleni akhombisa ukuthambekela kwangaphambilini. Lezi zithandani zingaphansi kobubanzi obungu-30% be-stochastic yansuku zonke. Kubonisa ukuthi imakethe isomfutho we-bearish.

I-General Outlook ye-EUR / CHF
EUR/CHF is in a downward move. The market has reached the oversold region. Buyers are expected to emerge. According to the Fibonacci tool, the market is expected to reverse at the 1.272 Fibonacci extensions or level 1.0689.


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U-Azeez Mustapha

U-Azeez Mustapha uchwepheshe wezohwebo, umhlaziyi wezimali, osayinisa amasu, kanye nomphathi wezezimali onolwazi olungaphezulu kweminyaka eyishumi emkhakheni wezezimali. Njengombhali we-blogger kanye nezezimali, usiza abatshalizimali ukuthi baqonde imiqondo eyinkimbinkimbi yezezimali, bathuthukise amakhono abo okutshala imali, futhi bafunde nokuphatha imali yabo.

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