EURUSD Analysis - Price is approaching a downtrend as it rebounds from 1.19090 EURUSD is approaching a downtrend as the price is assumed to make a rebound at the 1.19090 key level. This level, however, is seen to have been retested twice. The downtrend phase started when the price first breaks …
Price Action Charts in Focus
USD/CAD Declines as Price Revisits the Previous Low at $1.2020
USD/CAD Long-Term Analysis: BearishUSD/CAD is now in a downward move as price breaks below the moving averages. The breaking of the moving averages signals the resumption of a downtrend. Meanwhile, on August 25 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The …
The Reversal at Key Zone Signals the End of the Bearish Cycle for EURCHF?
EURCHF Analysis – Reversal at 1.07000 Suggests the End of Its Bearish Cycle The reversal at the 1.07000 key zone may have spelled the end of the bears’ tenure. Bears began plummeting the market on the 4th of March 2021, when the price was rejected at the 1.11500 key level. This set EURCHF on a …