A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
Daily Market Analysis
Information is not investment advice
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
NZDCAD has been rising today, a bearish reversal possible soon
The price has been showing an uptrend lately, but may go into a bearish reversal in the short-term.
Several indicators confirm the bullish reversal of EURUSD.
Today, NZDCAD gives an example of a bearish reversal scenario confirmed by the RSI and the Stochastic Indicator.
The US dollar is currently in a correction, but is likely to continue the trend down.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Technical analysis of the USD/CAD
Technical analysis of USD/CHF
NZD/CAD testing 6-weeks resistance on November 1