EURUSD Analysis - Price Rebounds Sharply From 1.11290 in a Bullish Move EURUSD rebounds sharply from the 1.11290 significant level to put the market back in the buyers' hands. The market was already anticipated to rise to continue the bullish trend as stipulated by the weekly ascending trend line. …
Price Action Charts in Focus
China Pegs the Yuan at the Lowest Anticipated Price
China pegs the yuan at the lowest anticipated price upon the resumption of work. Having returned from the Lunar New Year public holiday, the PBOC (Peoples' Bank of China) has pegged the yuan at 6.3580. This is per its dedication to keeping the economy steady by maintaining the yuan's price level. It …
USD/CAD Is in a Brief Rally, Reaches an Overbought Region at 1.2720
USD/CAD Long-Term Analysis: BullishUSD/CAD is in an upward move as it reaches an overbought region at 1.2720. The currency pair has not closed properly above the moving averages. It is likely to face another resistance at level 1.2800. Meanwhile, on January 28 uptrend; a retraced candle body tested …