A company formed and operated by the People Bank of China, the China Foreign Exchange Committee (CFEC), has enacted a proposal to put a check on speculative forex trading by Banks in China, even as the yuan surges to a six-year high against the U.S. dollars and other peers. CFEC Urges Caution …
Money management
USDCHF Bounces off Its Confluence Zone to Maintain Uptrend
USDCHF Analysis - The Market Bounces off Its Uptrend Confluence Zone USDCHF bounces off the confluence zone of its uptrend line and a descending channel within the key levels of 0.91570 and 0.91070. Following a decline in liquidity, the market retested the 0.92190 price line before dropping below …
GBPJPY Bullish Revival Commences at a Significant Level
GBPJPY Analysis - Market Becomes Bullish as Revival Begins at 152.580 GBPJPY bullish revival begins at the 152.580 significant level. The price is set to resume being bullish after a revival occurs at this support level. Before now, there had been a serious dip in the market in which the price …