USDCHF Analysis: Short-term bullish trend topping out?
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The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The West Texas Intermediate Crude Oil market has fallen a bit during the trading session on Monday, but it was Labor Day in the United States so you need to keep that in mind.
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The NASDAQ 100 traded in very thin electronic trading on Labor Day, gapping lower in reaction to the US and China slapping tariffs on each other.
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Natural gas markets have rallied a bit during the trading session on Monday, but keep in mind that these trades were done in a very thin market.
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Gold markets have been somewhat quiet during the trading session on Monday, which isn’t a huge surprise considering that it was Labor Day in the United States.
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After price action in the AUDUSD was rejected by its 61.8 Fibonacci Retracement Fan Resistance Level, bearish pressures mounted and a sell-off followed.
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Silver: Consolidating triangle below $18.50
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The Euro has broken down significantly during the Friday session, slicing through the 1.10 EUR level.
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USDCHF Analysis: Short-term bullish trend
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