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USDCHF, H2 USDCHF is recovering after a decline and formed a head-and-shoulders pattern. The MACD histogram crosses the 0-line upwards, however the 0.9060 resistance area is strong, giving a mixed sentiment for the asset. If the price breaks above the 0.9060 resistance, it may propel the asset to 0.9100. However, if the retest fails. It […]

The post USDCHF: Inverse Head-And-Shoulders Pattern appeared first on Action Forex.

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20/02/2025

Consumer Confidence to Shed Light on European Economic Outlook

In focus today Large data prints are due in Denmark. We receive consumer confidence data for February. We expect confidence to rise to -11, which still indicates a negative view of the Danish economy among the Danes despite the noticeable uptick in consumption and wages outpacing inflation. GDP for Q4 is also due, with current […]
19/09/2024

GBPUSD Unlocks New High, But Eyes Remain on 1.3200

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29/05/2024

NZDUSD Pauses Advance at 61.8% Fibonacci

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