Technical indicators: Major Resistance Levels – 1.3300, 1.3400, 1.3500Major Support Levels – 1.2300, 1.2200, 1.2100 USD/CAD Long-Term Analysis: BullishUSD/CAD is in an upward move as price breaks above the 50-day SMA. The currency pair has not closed properly above the moving averages. It is likely …
Forex Strategies
USDCHF Market Continues to Stage Price in Consolidation
Price Analysis: USDCHF Market Continues to Stage Prices in Between Significant Levels USDCHF market continues to stage price in a consolidation phase. The price inclination implies a wag war in a sideways market. The bulls and bears are pasturing in the same range as both continue to put pressure …
GBPJPY Bounces Upward After Re-Engaging a Significant Price Level
GBPJPY Analysis – Price Bounces off the 153.280 Key Level Upon Re-Engagement GBPJPY bounces upwards after it re-engages the 153.280 significant level. As in previous times, the market rose to a resistance level of 158.060 from where it began a swift descent. The price dipped towards the strong …
