Market Analysis – EURUSD Conforms to an Inverted Cup and Handle Pattern to Go Lower The bears employ an inverted cup and handle pattern to plunge EURUSD. The price started the year on a high around the 1.23460 key level, but the market soon employed a tweezers top candle pattern to plunge the price …
Price Action Charts in Focus
The Prosperity of the UK and the Pounds Is Dependent on Their Success With the COVID Delta Variant
There is currently a focus on how the United Kingdom is set to handle the delta variant of the coronavirus. This comes even as the UK, a well-developed country, has most of its population already vaccinated. Investors believe that their success in dealing with and controlling the disease will have a …
USD/Cad Slumps as Buyers Recoup above Level 1.2000
USD/CAD Long-Term Analysis: BearishIn July, USD/CAD has been in an upward move. Previously, the pair has been in a downtrend for several weeks. The upward move is facing rejection at level 1.2500. The downtrend will resume if the pair faces rejection at the recent high. Meanwhile, on June 21 …