Market Analysis - GBPJPY Rebounds off 149.640 Key Support With Strong Volatility The 149.640 key support has once more proved its mettle by defending the market against a strong barrage from the sellers. GBPJPY had rallied to hit a 3-year high of 156.000 on the 27th of May 2021. Since then, sellers …
Forex Strategies
NZDUSD Is on the Verge of a Breakout; Bullish or Bearish?
Price Analysis – Tapering Movement Will Lead To a Bullish or Bearish Breakout? A bullish or bearish breakout is on the cards as NZDUSD tapers down into a descending triangle. This is a formation that the market has taken within a large consolidation movement. NZDUSD has been trapped in a ranging …
The Falling Wedge Formation Leads to EURUSD Market Pump
Price Analysis - EURUSD Experiences a Market Pump as It Breaks Out of Its Falling Wedge Formation The EURUSD falling wedge formation has finally led to a market break out. This comes after bears avenged the surge in price from the 1st of April to the 25th of May 2021. EURUSD experienced a …
