EURCHF bears are seen to have driven the market to converge at a confluence between the short-term downtrend and the long-term uptrend. The Market trend reversed on the 18th of May 2020 upon reaching the 1.05100 demand zone. The bulls took charge and drove the price to 1.11500. Price was heavily …
USDJPY – Bulls Losing Momentum Gradually
Staying above EMA-50 can lead to strong growth for USDJPY.USDJPY is facing more pressure from the bears. USDJPY Weekly Price Analysis – June 11In case the resistance level of $110.000 holds, the price may decrease to the support levels at $103.509 $103.500, and $103.491.USDJPY MarketKey …
USDCHF Is Set to Reappraise 0.90500 Supply Zone
Market Analysis – USDCHF Is Set Up to Reappraise 0.90500 USDCHF is set to reappraise 0.90500 supply after initial failure. Buyers have created a double-bottom reversal pattern to aid their bullish intention. The market had posed a 6-year low of 0.87600 earlier in the year on the 6th of January …
