Market Analysis – EURCHF Is Set to Continue Downward Having Bounced Off Its Trend Line EURCHF has bounced off its bearish trend line in a consolidation formation. The price has been downsloping since reaching a height of 1.11500 on the 4th of March 2021. The upward movement was a result of a surge …
USDCHF Fails at 0.92000 Supply Level
Market Analysis – USDCHF Fails to Bypass the 0.92000 Resistance USDCHF fails to continue the bullish movement and presents a tweezer top candle formation to go lower. The market has similarly presented a tweezer top candle formation at 0.92400 supply level on the 18th of June 2021. What followed …
GBPJPY Bears Put Pressure on the Market
GBPJPY Analysis – Bears Push Down Hard Against the Market GBPJPY bears have systematically taken over the market and are increasingly pushing hard against the market. The market entered the month of February 2021 on a bullish run. The momentum of prices was gradually reduced starting from the 24th …
