Market Analysis – EURUSD Slumps EURUSD slumps after hitting the midline of its ascending parallel channel. The market has been trailing an ascending parallel channel since the 23rd of March 2020 and its midline has been very influential in directing the market. It has alternatively been acting as …
EURCHF Endures Bearish Pressure EURCHF has been enduring a bearish pressure since the 4th of March 2021 when the price hit a year high of 1.11500. Just before then, the market had experienced a major pump in price. Price jumped from 1.07830 to 1.11030 key level. There was then a pullback below the …
USDCHF Market Analysis – Cup and Handle Reversal Pattern USDCHF has formed a cup and handle reversal pattern. This means that the bulls are set to end the reign of the bears and shoot the price back upwards. The bears had initially plunged the market. This can be seen in consecutive bearish candles …
