Overall Bearish Trend of GBPJPY Faces Correction GBPJPY faces correction after a downward whipsaw in the marketplace. The month of November was a bearish month. The market experienced an obvious trend reversal in October. This relative strength index on the daily chart was very clear, showing that …
EURCHF Slant Tendency Is Likely to Persist in a Bearish Environment.
EURCHF Analysis - Bearish Slant Tendency Will Persist Below the 1.04700 Key Level EURCHF slant tendency is likely to persist below the 1.04700 key level. Price flow has consistently progressed under a bearish influence as sellers maintain market perspectives. EURCHF is, therefore, prepared to …
USD/CAD Is in a Sideways Move, Declines After A False Breakout
USD/CAD Long-Term Analysis: RangingUSD/CAD pair has been in a sideways trend as it declines after a false breakout. Buyers have failed to breach the overhead resistance at level 1.2850. Since July, the bulls have attempted to breach the resistance level. In the three unsuccessful attempts, the …
