Market Analysis – Sellers Ensure That EURCHF Keeps Falling EURCHF keeps falling under pressure from the bears. This has been the trend since the 4th of March, when price was rejected at 1.11500. The market has since been sliding down till the present moment. The total decline in the market stands …
Price Action Charts in Focus
EUR/JPY Consolidates above Level 129.00, Downtrend Likely
EUR/JPY Long-Term Analysis: BearishEUR/JPY has been in a downward move. The market has been declining after its rejection from level 134.00. The price upward move has been resisted by the 21-day SMA. A further downward movement is expected. On July 19, the market declined to the low at level 129.00. …
USDCHF Finally Breaks Lower; The Next Stop Is at 0.90780
Market Analysis – USDCHF Breaches the 0.91300 Weekly Support and Finally Breaks Lower USDCHF finally breaks lower from its symmetric triangle formation. The symmetric triangle formation, which took the market 28 trading days to create, was built on a solid foundation of the 0.91300 weekly support. …
