The $0.010 price level was formally the bullish last line of defense; the $0.011 price level has been a higher demand line that has kept the D2T bear market pegged around $0.0115. However, bullish exhaustion and low volume of trade may have made the market slide below the $0.01 price level. Key …
Price Action Charts in Focus
EURUSD Sees Opportunity in the Slow US Economy
EURUSD sees an opportunity in the slow US economy. The US factory orders have been a major signal for the decline in the US dollar, giving rise to the Euro market. This growth has been acknowledged by the European Central Bank, which has indicated that it will raise the interest rate as the EUR/USD …
GBPJPY Buying Pressure Exhausted as Price Reaches Extreme High
GBPJPY Analysis - Buying Pressure Gets Exhausted As The Price Becomes Extremely High GBPJPY buying pressure gets exhausted as the price becomes extremely high. The market has reached an overbought status, according to the RSI (Relative Strength Index) indicator. As the price struggles to keep up …
