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23.03.2023 07:57 AM
USDCHF, H4 | Potential Reversal ?

the USD/CHF chart, it can be seen that the overall momentum is currently bearish. However, in the short term, price could potentially drop further to the 1st support level at 0.9136 before rebounding from there and rising towards the 1st resistance level at 0.9238.

The 1st support level is considered a strong level of support, as it is an overlap support and is also coinciding with a 78.60% Fibonacci retracement level. Moreover, the 2nd support level at 0.9071 is also a multi-swing low support, adding to its strength.

On the resistance side, the 1st resistance level at 0.9238 is also an overlap resistance, while the 2nd resistance level at 0.9300 is another overlap resistance level. Additionally, an intermediate resistance level at 0.9207 is present between the current price and the 1st resistance level.

Dean Leo,
Analytical expert of InstaForex
© 2007-2023
USDCHF, H4 | Rally to 1st resistance??
The USD/CHF chart displays a bullish momentum, indicating an upward trend. The price being above the bullish Ichimoku cloud and a major ascending trend line contributes to this positive sentiment. Given the bullish momentum, there is a possibility of a bullish bounce from the first support level.
Author: Dean Leo
01:32 2023-06-01 UTC--4
1720
GBPUSD , H4 | React off Resistance?
The GBP/USD chart currently shows a bearish momentum, suggesting a downward trend. There is a possibility of a bearish reaction from the first resistance level, leading to a decline towards the first support level. The 1.2376 level is a significant support area, previously attracting buyers. The.
Author: Dean Leo
01:30 2023-06-01 UTC--4
1480
EUR/USD , H4 | Falling to 1st support?
The EUR/USD chart shows a bearish momentum as the price remains below a major descending trend line and the bearish Ichimoku cloud. This indicates a presence of bearish pressure in the market. There is a likelihood of a bearish reaction at the first resistance level, which could lead to a decline.
Author: Dean Leo
01:28 2023-06-01 UTC--4
1705
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