EURCHF bears are seen to have driven the market to converge at a confluence between the short-term downtrend and the long-term uptrend. The Market trend reversed on the 18th of May 2020 upon reaching the 1.05100 demand zone. The bulls took charge and drove the price to 1.11500. Price was heavily …
Market Analysis – USDCHF Is Set Up to Reappraise 0.90500 USDCHF is set to reappraise 0.90500 supply after initial failure. Buyers have created a double-bottom reversal pattern to aid their bullish intention. The market had posed a 6-year low of 0.87600 earlier in the year on the 6th of January …
Market Analysis – GBPJPY to Fall From the Overbought Region Soon GBPJPY overbought region’s adventure may come to an end soon. The market has generally been marching on in its bullish momentum which commenced on the 20th of December 2020. On its bullish movement, the market is seen to retrace …
