GBPJPY Analysis - Bulls Successfully Overturn the Price at 149.000 GBPJPY bulls have successfully executed a reversal at the 149.000 support level using an ascending triangle pattern. The 149.000 support level is one at which several market reversals have taken place previously, therefore it has …
Forex Strategies
EURUSD Maintains Equilibrium Ahead of Market Decision
EURUSD Analysis - Price Maintains Equilibrium Above 1.12020 EURUSD maintains equilibrium as it awaits market forces to toss the balance in price upward or downward. The key levels at which the market is kept in confinement are 1.13840 as resistance and 1.12020 as support. EURUSD dropped into this …
NZDUSD Breaks Out and Retests the Downward Channel
NZDUSD Analysis - Price Breaks Out From Its Downward Channel NZDUSD breaks out on the 10th of November after the crossing of the 9 and 21 Moving Averages. The massive breakout led to a dive in the market from the supply zone at 0.720 to the demand zone at 0.690. The 9 and 21 Moving Averages …
