NZDUSD Analysis – 0.69400 Will Soon Give Way as Bears Mount Pressure Bears mount pressure on the NZDUSD 0.69400 demand zone to go lower. Ever since the Kiwi attained the 0.74600 supply level on the 24th of February 2021, bears have been working hard to drag the market down. Price started a decline …
Price Action Charts in Focus
A Decline in Britain COVID-19 Cases Lead To an Increase in the Pound
Reports over the weekend showed that there was a drop in the number of COVID-19 infection cases in the UK. This influenced an increase in the pound on Monday. However, the full effect of the ease of lockdown on the economy in the long term is yet to be estimated, experts say. COVID-19 Situation in …
EURUSD Is Tapering to a Break Out Point
Market Analysis – EURUSD Is Tapering in a Descending Triangle EURUSD is tapering to break out of a descending triangle. This comes after a major decline in the market from the 16th to the 18th of June 2021. Price then bounced off the support at 1.18400 but failed to make it past 1.19600 and dropped …
