USD/CAD Long-Term Analysis: BearishSince September 22, USD/CAD has been in a downward move. Firstly, the currency pair dropped to the low of 1.2600 and corrected upward. The upward correction was terminated at the 1.2800 resistance zone. The selling pressure resumes but has reached bearish …
Price Action Charts in Focus
USDCHF Fails to Sustain Bullish Momentum
USDCHF Analysis - Price Fails to Sustain Its Upward Movement USDCHF fails to sustain its bullish momentum and falls sharply. The highest that price reached in its upward movement is just a little above 0.93350. Afterward, the market dropped back to the uptrend line. USDCHF faced the greatest test …
EUR/JPY Breaks Level 131.00, Poises for More Upside Momentum
EUR/JPY Long-Term Analysis: BullishEUR/JPY pair has resumed an uptrend after three months of a sideways trend. The bulls broke above the resistance at level 131.00 and closed above it. This bullish momentum is likely to extend to the high of level 134.00. However, the price indicator has indicated …