#OIL hits target from yesterdays Blog. Chris
The USD/CHF currency pair is currently showing signs of potential downward movement, as indicated by the convergence of the price with a key liquidity zone highlighted in yellow. This convergence, combined with the presence of negative divergence and the proximity to the upper boundary of the trading channel, suggests that there may be a continuation of the bearish momentum in the near future. Traders and investors are closely monitoring these signals as they evaluate their positions and consider potential entry or exit points in the market. Chris and other market participants are paying attention to these technical indicators to make informed decisions and navigate the evolving dynamics of the USD/CHF exchange rate. Chris
The PRICE ACTION CHARTS on the #NZDCAD currency pair is exhibiting a positive divergence within the demand zone marked in blue at the level of .8370. This suggests a potential upward movement in the near future. - Chris
#GOLD is currently displaying indications of being overextended, suggesting a potential exhaustion phase in the market. It is important to take note of the negative divergence pattern observed within the liquidity zone highlighted in yellow. This divergence typically signifies a weakening momentum that could lead to a downward price movement. As a result, there is a high probability that the price of gold may decline towards the support line at 2350 within the next hour. This observation could have significant implications for traders and investors looking to make informed decisions regarding their positions in the gold market. Chris's analysis serves as a valuable insight into the current market dynamics and potential price action of gold in the near term.
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