USD/CAD Long-Term Analysis: BearishUSD/CAD uptrend is facing rejection at level 1.2600. The pair is declining and may find support above the 21-day SMA. The upward move will resume if price breaks above the 1.2600 resistance. Meanwhile, on June 21 uptrend; a retraced candle body tested the 61.8% …
Price Action Charts in Focus
EURCHF Consolidation Phase in Downtrend Continues
Market Analysis – EURCHF Dips to Continue Downtrend Consolidation Phase EURCHF downtrend consolidation phase continues as the market gets knocked down from the upper border of its parallel channel. The market rose to a height of 11.500 on the 4th of March 2021. The last time the EURCHF attained a …
USDCHF to Continue Upward Momentum With Bullish Flag
Market Analysis – USDCHF Employs a Bullish Flag Pattern to Continue the Upward Momentum USDCHF to continue upward momentum after employing the bullish flag formation. This is a repetition of a pattern that was carried out earlier in the year on the 22nd of February 2021.During this time, the market …
