Market Analysis – Price rebounds off its falling wedge pattern and guns for higher prices. EURUSD guns for higher prices after it falls back to retest the upper border of the falling wedge pattern. The bulls have now used the falling wedge chart pattern properly to their advantage to cause a market …
Price Action Charts in Focus
PBOC (Peoples’ Bank of China) Is Offering More Medium-Range Loans Than Anticipated to Alleviate the Economic Downturn
On Monday, China’s central bank pumped much money into the financial system through medium-range loans. This action is seen to bolster the economy, although the loan rates remain the same. Reasons for the Infusion of Medium-Range Loans to Cushion the Economic Slump in China More accommodative …
EURCHF Is Set for Another Run-in With the Bears
EURCHF Analysis – Price Is Set for Another Bearish Round EURCHF is set for another bearish run-in after the latest move by sellers in the market. Price has been in a downward spiral since attaining a market level of 1.11500 on the 4th of March 2021. The market has been trading predominantly in the …
