Japan’s economic condition worsened more than anticipated over the last quarter, highlighting the need for the Japanese government to set up a stimulus project to boost the economy from the COVID-19 inflicted woes.In the second quarter, the country’s GDP decreased by an annual 3% from the first …
Price Action Charts in Focus
EURCHF Lateral Movement Represses Bearish Momentum
EURCHF Analysis - Bearish Momentum Reduces Due to Lateral Movement EURCHF lateral movement has helped to stem the tide of the sellers. The market crashed to the 1.05300 demand level on the 1st of November with much momentum. However, buyers have successfully repressed the momentum using the demand …
USD/CAD Resumes Uptrend and Breaks Above Level 1.2400
USD/CAD Long-Term Analysis: RangingUSD/CAD has broken above the resistance at level 1.2400. The bullish momentum has also extended above the moving averages. This indicates that the currency pair has resumed its upward move and it is likely to rise to revisit the previous high of level 1.2800. The …