Southern Company Stock: A Case for Timing the Market

Contrary to the belief that the market is a random walk, savvy traders can identify key price levels and predict trend reversals. This article explores the concept of support and resistance levels using Southern Company (SO) as an example, showcasing how understanding market psychology can lead to profitable trading opportunities.

USDCHF Technical Analysis: 100-Hour Moving Average Provides Support and Resistance

The USDCHF pair has faced support at its 100-bar moving average on the four-hour chart on both Tuesday and today. This moving average will be a key indicator for downside movements going forward. On the upside, highs reached new weekly highs on Wednesday and Thursday, creating a swing area ceiling between 0.91469 and 0.91558. Breaking above this range would signal a bullish bias. The 100 and 200-hour moving averages lie between 0.9117 and 0.9126, providing short-term support for the pair.

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