EURUSD Analysis - Price Resumes a Bearish Throw off below1.13700 Significant Level EURUSD resumes bearish throw-off below the 1.13700 significant level. The bearish trend has long been in favor of the market. Bulls, both current and historical, have been seen to be unlucky in causing price movement …
Price Action Charts in Focus
China Authorities Moves to Limit Speculative Yuan Trading
A company formed and operated by the People Bank of China, the China Foreign Exchange Committee (CFEC), has enacted a proposal to put a check on speculative forex trading by Banks in China, even as the yuan surges to a six-year high against the U.S. dollars and other peers. CFEC Urges Caution …
EURCHF Plummets to a 6-Year Low After Breaching a Strong Weekly Support
EURCHF Analysis - Price Plummets Through the 1.05300 Support Level EURCHF plummets to a 6-year low after violating the 1.05300 strong support. The market's bearishness has increased in momentum over the past 4 weeks. This sees price break lower than its current downtrend line. However, there is …