Technical indicators: Major Resistance Levels – 1.3300, 1.3400, 1.3500Major Support Levels – 1.2300, 1.2200, 1.2100 USD/CAD Long-Term Analysis: BullishUSD/CAD is in an upward move as price breaks above the 50-day SMA. The currency pair has not closed properly above the moving averages. It is likely …
Price Action Charts in Focus
USDCHF Market Continues to Stage Price in Consolidation
Price Analysis: USDCHF Market Continues to Stage Prices in Between Significant Levels USDCHF market continues to stage price in a consolidation phase. The price inclination implies a wag war in a sideways market. The bulls and bears are pasturing in the same range as both continue to put pressure …
EUR/JPY Makes Positive Moves, Retests 131.00 Overhead Resistance
EUR/JPY Long-Term Analysis: BearishEUR/JPY pair is in an uptrend as it retests 131.00 overhead resistance. Today, the currency pair has risen and it is retesting the previous resistance level at level 131.00. Nevertheless, if the current bullish momentum is sustained, the Yen will reach the overhead …