The pair has been reducing near 1.2630 during the US session on Wednesday. This consolidation occurs within an ascending channel pattern on the daily chart. The 14-day Relative Strength Index (RSI) sits above the 50 level, indicating a bullish bias....
In the early hours of trading on Wednesday, the euro retreated again, testing the 1.0680 level that has acted as support for several consecutive days and could return to 1.06, a support zone, if the euro falls below this threshold strong. This means...
Thank you Ambe, I read your full post on EURUSD and also carefully view the technical observation which you tried to explain on the chart I fully agreed that EURUSD may drop strongly to downward. According to my experience EURUSD may fall even 50 to...
I initially assumed that the USD/CHF pair would continue downwards. Based on the H4 chart, I expected a medium-term decline and was awaiting confirmation of further decline on higher time-frames. However, contrary to my expectations, there was an...
Profit Potential: USD/ CAD Our discussion centres on examining the price action assessment of the USD/ CAD currency pair. The price reached the 1.36513 support but was not tested, closing the day near this level. Given that the support was not...