USD/CAD Long-Term Analysis: RangingUSD/CAD has broken above the resistance at level 1.2400. The bullish momentum has also extended above the moving averages. This indicates that the currency pair has resumed its upward move and it is likely to rise to revisit the previous high of level 1.2800. The …
Price Action Charts in Focus
USDCHF Bounces off an Impervious Significant Support Level
USDCHF Analysis - Price Bounces off the 0.91070 Support USDCHF bounces off an impenetrable support level at 0.91070. Price has been trending downward since forging into a market reversal pattern. Hence, the market drops to 0.92190. A short spell ensued before the market plunged deeper to 0.91570. …
GBPJPY Drops Lower but Finds Respite Above a Critical Support Level
GBPJPY Analysis - Price Drops Lower but Takes a Break at 152.580 GBPJPY drops lower as it keeps sliding down from a channel. A downtrend effectively began as the market hit a price bulwark at 157.890, which is a 5-year market high. GBPJPY began to fall under the weight of bearish pressure, making …
