USD/CAD Long-Term Analysis: BearishUSD/CAD is in a downtrend as it rebounds above level 1.2930. The currency price declined below the 21-day line SMA. In other words, the pair is trading above the 50-day line SMA but below the 21-day line SMA. On the downside, the selling pressure will continue if …
Price Action Charts in Focus
EUR/JPY Pushes to the Upside but Faces Rejection at Level 144.72
EUR/JPY Long-Term Analysis: RangingEUR/JPY pair is trading in the bullish trend zone but faces rejection at level 144.72. The currency pair has reached the overbought region of the market. Since June, the currency pair has been facing rejection at level 144.00 overhead resistance. Today, the Yen is …
USDCHF Continues Its Bullish Resurgence
USDCHF Analysis - September 8 USDCHF continues an impressive bullish resurgence after what seemed like the bears were taking over the market dominance. The sellers had continually ground down the price such that it was recording successive lower highs and lower lows. Afterwards, the market slips …
