NZDUSD Analysis: The Market Maintains Its Bullish Trend After A Bounce Off 0.61120 NZDUSD maintains its bullish trend after a bounce off 0.61120. Since the pause in the rally early this year, the market has been in a correction phase. Nevertheless, the NZDUSD buyers seem determined to take control …
USDCAD Is Trying to Find support at the 50% Fibonacci Retracement Level
The USDCAD price has been oscillating between the support and resistance levels of 1.3646 and 1.3360. Currently, price action in this market seems to be trying to settle above 1.3445. The above-mentioned point seems like an important support for technical indicators applied to this market. Let's see …
GBPJPY Leaves the Overbought State As The Distribution Phase Ends
GBPJPY Analysis: The Market Leaves the Overbought State As The Distribution Phase Ends GBPJPY leaves the overbought state as the distribution phase ends. Owing to the ever-increasing price since January 2023, the market is overbought. However, recovery begins as the price is set to commence a …
