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USDCAD setting up for a bounce

USDCAD setting up for a bounce

The USDCAD is setting up for a bounce pre US election day. Structurally speaking we are retesting and rejecting the 1.3220 level which are the previous highs. The USD however is rejecting the 94.00 level which could be bearish for the USDCAD. If the USDCAD breaks with the 1.3200 level all bullish bets are off. […]

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USD/JPY Reaches Level 104.73, May Resume Upward Move

Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair has been in a downward move. The bear trend has been reversed. On October 14 downtrend; the retraced candle body tested the 78.6 % Fibonacci retracement level. This indicates that the market will reach level 1.272 and […]

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EUR/CHF Reaches the Overbought Region, May Resume Downward

Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF has been on a downward move since September 25. The current downtrend resumes after the retest at level 1.07488. The market is still falling. Today, the pair is rising and approaching level 1.0700. The upward move is likely to […]

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Bitcoin Cash (BCH) Price Analysis: Consolidates Above $250 Support, May Retest the $280 Resistance

Key HighlightsBCH is range-bound between levels $250 and $280BCH trades in the bullish trend zone Bitcoin Cash (BCH) Current StatisticsThe current price: $258.44 Market Capitalization: $4,796,932,301Trading Volume: $2,372,198,185Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis November 02, 2020In a nutshell, BCH is range bound between $250 and $280. […]

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