USD/CAD Long-Term Analysis: BullishUSD/CAD pair is in an uptrend as price breaks above the moving averages. Buyers are pushing the pair to revisit the historical price level of 1.2850. The price at 1.2850 has not been broken since July. Meanwhile, a retraced candle body tested the 61.8% Fibonacci …
Price Action Charts in Focus
USDCHF Bounces off Its Confluence Zone to Maintain Uptrend
USDCHF Analysis - The Market Bounces off Its Uptrend Confluence Zone USDCHF bounces off the confluence zone of its uptrend line and a descending channel within the key levels of 0.91570 and 0.91070. Following a decline in liquidity, the market retested the 0.92190 price line before dropping below …
EUR/JPY Consolidates Above Level 129.00, Reaches an Oversold Region
EUR/JPY Long-Term Analysis: BearishEUR/JPY pair has broken below the moving averages as price reached the low of level 129.19. The previous uptrend is presumed to have been terminated. The downtrend may reach the previous low at level 128.30. At the previous low, the RSI for period 14 may reach the …