USDCHF Analysis - The Market’s Persistence Leads to a Bullish Breakout USDCHF Persistence in exerting bullish pressure on the market has eventually led to a breakout. Just before the breakout, the persistence of the bulls peaked. They leverage the upward slanting trendline to keep tugging at the …
Price Action Charts in Focus
EUR/JPY Retraces below 135.00 but Rebounds to an Overbought Region
EUR/JPY Long-Term Analysis: BearishEUR/JPY pair is in a downtrend but rebounds to an overbought region. The current uptrend has been terminated. The Yen is above the 50-day line SMA but below the 21-day line SMA. The currency pair will be compelled to fluctuate between the moving averages for a few …
GBPJPY Loses More Positions Due to Sellers’ Aggression
GBPJPY Analysis – The Market Loses More Positions Due to Sellers’ Aggression GBPJPY loses more ground as sellers aggressively begin to act on the market. A sign of increasing sellers’ aggression is first noticed at the 164.000 price level, where the price suffered instant rejection back to the …
