EUR/JPY Long-Term Analysis: BearishEUR/JPY pair is in a downtrend as it may revisit level 135.37 low. Since August 9, buyers have been struggling to break above the 21-day line SMA but were repelled. The pair is likely to further decline. Meanwhile, on August 2, a retraced candle body tested the …
Price Action Charts in Focus
USDCHF Market Is Undulating in a Downward Direction
USDCHF Analysis - The Market Is Undulating in a Downward Direction USDCHF market is undulating in a downward direction after it has been unable to breach the 1.00000 supply level. This shows that the drive of the buyers has been waning ever since and that the sellers are going stronger. This trend …
EURCHF Bears Began to Close Their Short Positions Into the Demand Zone
EURCHF Analysis - The Bears Began to Close Their Short Positions Into the Demand Zone at 0.9650 EURCHF bears began to close their short positions into the demand zone at 0.9650. The market's order flow remains bearish. The market has been falling downward since the June 16, 2022, trend reversal. …
