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 …
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 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 …
