The pair looks bearish in the long-term outlook and bullish in the medium-term outlook.The currency pair could still decrease despite its minor positive moves.AUDJPY Weekly Price Analysis – May 22AUDJPY price may fall further if the bears’ pressure increases and this may push the price down to …
Price Action Charts in Focus
USD/CAD Consolidates above Level 1.2800 but Struggles below 1.2900
USD/CAD Long-Term Analysis: BullishUSD/CAD has resumed an uptrend but it is trading between the moving averages as it struggles below 1.2900. The price was fluctuating above the moving averages before breaking below the 21-day line SMA. The currency pair will be compelled to a range-bound move if …
EURCHF Remains in an Uptrend Despite the Latest Setback
EURCHF Analysis - Price Remains in a General Uptrend Despite Rejection at 1.05100 EURCHF remains in a general uptrend direction despite the drop in price from the 1.04950 resistance level. The price has ensured continuous upward progress after leveraging the confluence junction at 1.01010. Even …