EUR/USD has turned to the upside again as the DXY drops like a rock in the short term. The currency pair has developed a potential Falling Wedge pattern which could bring an upside reversal. Still, it’s premature to talk about a potential reversal as long as the pair stays below the downtrend …
USD/CHF More Gains In View!
USD/CHF remains bullish in the short term after failing to confirm a larger drop. The price action has signaled that the pair could resume its upwards movement. The US Dollar Index is still bullish, further growth should help the USD/CHF to resume its growth in the upcoming period. USD/CHF H4 …
GBP/JPY Triangle May Bring Continuation!
GBP/JPY moves sideways in the short term as the Japanese Yen is still strong as long as JP225 maintains a bearish bias. Technically, the pair has developed a symmetrical triangle. This pattern could represent a continuation chart formation. The price tries to stabilize above the broken upside …
