The Japanese yen receives a boost with the G-7's renewed currency pledges. Recommitting to their foreign exchange policy, the Group of Seven acknowledges the potential adverse impacts of significant market fluctuations. This stance allows member nations, including Japan, flexibility in safeguarding …
Market Analysis - Price Hits 0.98480 Major Resistance EURCHF experiences a market structure shift to the downside after hitting the 0.98480 major resistance. Before the recent market structure shift, the market was bullish owing to the reversal at the 0.92540 support. The trading range of the …
USDCHF Analysis - Market Reaches an Overbought State USDCHF buying momentum declines as the RSI (Relative Strength Index) indicates that the market is overbought. The price is approaching the 0.92450 supply zone. The selling pressure from the supply zone is likely to cause a significant decline in …