USD/CHF Trend Correction Levels
USDCHF is cruising lower on its hourly time frame, as price formed lower highs connected by a descending trend line since mid-February.
Posts Tagged: US NFP
USD/CAD Pushes Higher Despite Robust Canadian Job Gains
The Canadian Dollar (CAD) initially strengthened on Friday, buoyed by a stellar December labor market report, but risk aversion following strong US Nonfarm Payrolls (NFP)…
USD/CHF Headed for Range Resistance?
USDCHF is still moving sideways on its 4-hour time frame and looks ready to make its way up to the next ceiling at the .8535 range resistance. Technical indicators are pointing to a potential bounce.
Natural Gas (NATGAS/USD) Price Technical Analysis for October 2, 2024
Natural gas is still on the rise, closing in on the symmetrical triangle resistance visible on the daily time frame. Price could hit a ceiling at the $2.700 mark, but a break higher could set off a longer-term rally.
WTI Crude Oil Price Analysis for August 22, 2024
WTI crude oil continues to cruise lower, forming falling highs and lows connected by a descending channel on its hourly time frame. Price is testing…
WTI Crude Oil Price Analysis for June 7, 2024
WTI crude oil is still in correction mode, as the commodity is already testing the 38.2% Fibonacci retracement level on its latest swing high and…
Natural Gas (NATGAS/USD) Price Technical Analysis for June 7, 2024
Natural gas broke above the neckline of its inverted head and shoulders pattern to confirm that a reversal from the selloff is in order. Technical…
WTI Crude Oil Price Analysis for June 4, 2024
WTI crude oil is still moving sideways in a short-term range and is finding support around $77 per barrel. A bounce off this region could…