Price Analysis – EURUSD Is Poised to Fall Further With a Head and Shoulder Pattern EURUSD is poised to fall further after it conformed to a head and shoulder reversal pattern. Since the beginning of May 2021, prices have been rising. The price only retraced for a period between the 10th of June …
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 …
