Experts stated that the Chinese and Russian governments are speeding up their abandonment of the dollar to increase security and suitablility of China to Russia commerce in the face of possible one-sided US penalizations. This suggests that, as Chinese-Russian trade expands rapidly, majority of the …
Price Action Charts in Focus
EURUSD Is Approaching A Downtrend As It Rebounds From a Key level
EURUSD Analysis - Price is approaching a downtrend as it rebounds from 1.19090 EURUSD is approaching a downtrend as the price is assumed to make a rebound at the 1.19090 key level. This level, however, is seen to have been retested twice. The downtrend phase started when the price first breaks …
USD/CAD Declines as Price Revisits the Previous Low at $1.2020
USD/CAD Long-Term Analysis: BearishUSD/CAD is now in a downward move as price breaks below the moving averages. The breaking of the moving averages signals the resumption of a downtrend. Meanwhile, on August 25 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The …