The United Kingdom has been predicted to have an increase in inflation of up to 4% this year. This would in turn reduce the standard of living of its citizens, eventually pushing up their poverty level, reports the Resolution Foundation, an economic think-tank based in the United Kingdom. British …
Price Action Charts in Focus
EURCHF Finds the Strength to Rally Upon Reaching Key Support Zone
EURCHF Bounces up Upon Reaching Support at Confluence Zone EURCHF resumes uptrend after a dive into the support zone. The market experienced a major trend reversal on the 18th of May 2020. This was seen with a large bullish engulfing candle on the daily chart. The bulls aimed for a higher price but …
USDCHF Breaks Out of Resistance Zone
USDCHF Breaks Out of Ranging Market Above Resistance Zone USDCHF has aggressively defiled the resistance zone and therefore breaks out in the market. The market has experienced a decline in price since the start of the second quarter of the year. A bearish candle initiated the market dive after …
