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As we can see on the 4-hour chart of USD/CHF main currency pair, some interesting information appears, namely first the appearance of Divergence between the price movement of USD/CHF with the Stochastic Oscillator indicator, second the appearance of the Bearish 123 pattern followed by several Bearish Ross Hooks so that based on these data we can see that the bias of USD/CHF is currently still under pressure from Sellers, even though there is potential for a strengthening correction, but as long as it does not break through and close above the 0.8365 level, USD/CHF will continue to weaken again to the 0.8185 level as its main target and 0.8085 as the next target.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
On the hourly chart, the GBP/USD pair on Wednesday consolidated above the weak 161.8% retracement level at 1.3520. This consolidation allows for expectations of continued growth toward the next retracement
With the condition of the Stochastic Oscillator indicator at the Overbought level and a Divergence appears between the indicator and the Nasdaq 100 index price movement, so that
The eagle indicator is showing a negative signal for the euro, suggesting a possible fall in the coming days. Therefore, our outlook remains bearish as long as the price consolidates
On the other hand, if bullish strength prevails, we could expect a technical rebound around 3,355. This area has provided gold with a good rebounding point in the past
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