CAD/CHF moving between the ranges for a long time in Daily Chart.
Market tries to breakout last week, but it fails again. It shows that the number of sellers are more than the buyers.
The Technical reason for downward movement is “whenever market reaches some high price, there’s a group of peoples who are selling always at higher price”
SHORT NOTE : Selling at high and Buying at Low price is the nature for most of the traders in the world. But, a few Big buyers (or) sellers can change the market way easier against more number of retail traders.
So, Who’s that Big Buyer (or) Seller ?
The Big Buyer (or) Seller in Forex Market is the International Banks & Government.
Because, the more money is available with Banks & Governments only. Around 80% of Volume(Money) in Forex Market is the Bank’s Money.
We believe, you understand about the Big Players role in Forex Market. We will keep updating you more useful information about Forex Trading regularly.
Thank you for reading !
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