technical analysis of US Dollar to Franc Swiss 4 may 2023

Technical analysis of USDCHF on 4-hour timeframe: 05/04/2023

deltawriter 4 May 2023

on the technical analysis of the USDCHF currency pair, a bullish butterfly pattern can be observed. Crossing the range of 0.88051 to 0.88353 indicates the uptrend of this currency pair. It is expected that by surpassing the defined range, the resistance levels of 0.88954 and then 0.89764, and ultimately 0.91028 will be touched.

However, it’s important to keep in mind that market fluctuations and the impact of news and fundamental analysis can significantly affect price movements. So, it’s advisable to examine all the influential factors before entering any trade.

To enter the Forex market and make more profit, log in to Delta FX broker.

Do you like it?

Rate this post

Leave a Reply Cancel reply

Elliott Waves Theory Definition: Patterns, Rules and Guidelines

The Elliott Wave Theory is a technical analysis that tries to find repetitive price patterns pertaining to changes in investors' emotions. this theory

Technical analysis of GBPCHF time 2 hours :2023-01-21

In the previous analysis, we expected 2 targets after the pivot point failure and pullback up toThe 61.8 & 78.6 Fibo retracement areas. Now you can expect

The Forex Market vs the Cryptocurrency Market

In this article, we aim to talk about the pros and cons and details of forex and cryptocurrency markets so that you can choose your desired market

Technical analysis of the EURUSD currency pair; 08-01-2023

Last week and after the New Year, this currency pair was accompanied by a decline, but could not exceed the level of 1.04905. In a recovery movement in the last hours of last week, the market climbed to the level of 1.06392. In the next week, we expect that

3 Profitable Forex Strategies - best forex trading strategy

3 Profitable Forex Strategies for Beginner Traders

what you read here:1 Why Should We Use a Trading Strategy?1.1 1. Price Action Strategy1.2 2. Ichimoku Strategy; is it Suitable for Trading Beginners?1.3 3. Getting to Know the Elliott Wave Strategy2 Conclusion What is a forex trading strategy? A trading

U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI) was published higher than the forecasts

The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI, is a business report which is calculated as an indicator of the overall health of the non-manufacturing economy. These