Market Analysis – USDCHF Employs a Bullish Flag Pattern to Continue the Upward Momentum USDCHF to continue upward momentum after employing the bullish flag formation. This is a repetition of a pattern that was carried out earlier in the year on the 22nd of February 2021.During this time, the market …
EUR/JPY Declines to Level 130.00 Low, Further Selling Likely below the Previous Low
EUR/JPY Long-Term Analysis: BearishEUR/JPY upward move has been terminated as it faced rejection at level 134.00 resistance. The currency price broke below the moving averages as the market resume selling pressure. Meanwhile, on June 21 downtrend; a retraced candle body tested the 50% Fibonacci …
GBPJPY Falls on Rejection From 153.500 Supply Zone
Market Analysis – 153.500 Supply Zone Rejection Makes GBPJPY Fall GBPJPY falls after being rejected at the 153.500 Supply Zone. The upwards trajectory of the GBPJPY has been normalized starting from the 23rd of February 2021 to follow an ascending trend line. The key levels remain influential as …
