The current price pullback is the result of the strong bullish move that the market saw on May 22. However, the downtrend appears to be fading as it nears the $0.011624 price level. Long-term market holders may be responsible for this continuous sloppy market movement, as some of them are shorting …
Forex Strategies
Dash 2 Trade (D2T/USD) Finds a New Baseline for More Bullish Moves
As expected, the D2T bear market could not go beyond the $0.01 price level. After a while of consolidation around the level, an upside retracement was anticipated. This started taking place on Saturday towards the end of the daily session and gained more momentum the following day. The very first …
USDCHF Market Takes a Bearish Turn as the US Dollar Shows Slow Response
The USDCHF market takes a bearish turn as the US dollar shows a slow response. The USDCHF has been in a tug of war early in this Monday euro session. Despite the US dollar responding to the hawkish Fed's bet, the Swiss market failed to meet expectations of strong first-quarter IP (Industrial …
