Market Analysis – EURUSD Is Tapering in a Descending Triangle EURUSD is tapering to break out of a descending triangle. This comes after a major decline in the market from the 16th to the 18th of June 2021. Price then bounced off the support at 1.18400 but failed to make it past 1.19600 and dropped …
Forex Strategies
EURCHF Bears Have Gradually Plunged the Market Back to 1.08250 Support
Price Analysis – EURCHF Have Gradually Plunged to 1.08250 in 100 Trading Days Bears have gradually plunged EURCHF back to its initial breakout point at the 1.08230 key level. On the 19th of February 2021, bulls escaped a mini-market consolidation to shoot price up from the 1.08250 support. The …
USDCHF Forms an Ascending Triangle Pattern; Price to Break Upwards or Downwards?
Price Analysis – Break Out Imminent as USDCHF forms an Ascending Triangle Pattern USDCHF forms an ascending triangle to push price out of consolidation. Bulls' attempt at redirecting the market has thus far hit a bulwark. The price sprang up after bears brought it down to 0.89300 resistance. Buyers …
