Fusion Markets

FusionMarkets Broker

Price bottomed out in February at 0.5516 after entering monthly support. Since then we have seen a steady influx of buying, most recently peaking at 0.5772 during last weeks trading. With MACD divergence though, we may now see a correction back to the trendline.

FusionMarkets Broker

Buyers were very much in charge of the market until October 2024 last year when we saw Silver peak around $34.85 From there we saw a decline as sellers took price to $28.76 over the next few months into December 2024. With price having now broken out of the triangular correction and respecting a bullish trendline, buyers are now firmly in charge until further notice.

FusionMarkets Broker

On 11th February, price printed a break out above the bearish trendline. After forming a new high around 108.31, we then saw a slow decline as price started to correct. Look for a break to the upside for what could be another bullish impulse.

FusionMarkets Broker

Price has made 2 clear rejections of $2940 with the later being a strong sell off by the bears. Now price is back at $2880 which proved to be a strong support zone last week. Look for reversal signs for another push up in line with the range. Alternatively a clear close below $2880 and a pullback may produce a sell setup.

FusionMarkets Broker

The market continues to see USD/CHF as overpriced above the 0.9200 zone. For the first time this year, we see price printing a weekly close below 0.9052 which was support over the latter part of January 2025. More importantly, we have just seen a weekly close below the 'big number' 0.9000 and may see further downside. In addition, the stochastic has now dropped...

FusionMarkets Broker

Price has printed a low and lower lower during January and a potential higher low this month. With a clear trendline in play and a possible change in cycle, look for price to create a bullish impulse breaking above the trendline. A correction may then produce a buy setup if it meets your trading rules.