USD/CAD Long-Term Analysis: BullishUSD/CAD pair is in an uptrend. The currency pair has broken above the moving averages to retest level 1.2800 overhead resistance. The current uptrend has reached the overbought region of the market. The implication is that a further upward move is unlikely. …
Price Action Charts in Focus
EUR/JPY Breaks Previous Low, May Find Support Above Level 126.54
EUR/JPY Long-Term Analysis: BearishEUR/JPY pair is in a downward move as price breaks below the moving averages. The breakdown is an indication of a further downward move. On November 12, the bears broke below the moving averages and the selling pressure extended to December 1. In other words, the …
USDCHF Encounters Resistance Again at 0.93770; The Market Falls
USDCHF Analysis - Price Encounters Resistance and Fails to Surpass Weekly Resistance USDCHF encounters resistance again at the 0.93770 significant level, and as a result, the price drops abruptly. The market has been working its way upward after a reversal at a confluence zone, which consists of an …