Market Analysis – The 149.640 Support Sets GBPJPY Rising Again GBPJPY is rising again after another successful redirection of the market at 149.640. Bears and bulls have been locked in a tussle for dominance of the market since the beginning of March this year. Price entered the month of March on a …
Forex Strategies
NZDUSD Bulls Drive the Market Back Into Consolidation
NZDUSD Analysis – Bulls Cancel Out the Bearish Drive of the Market NZDUSD bulls drive the price back into consolidation as the market experiences a false breakout. NZDUSD began ranging after price dropped off the 0.71300 key level. It was a strong bearish drive that bypassed 0.70550 to get 0.69150. …
EURUSD Keeps Trading Around the Oversold Region
Market Analysis – EURUSD Keeps Sliding and Trading Downwards EURUSD keeps moving down in a bearish trend after the latest bullish move broke down. Price had switched direction bearish-ward at the beginning of the year after attaining a 3year high at 1.23500. Since then, the market has been sliding …
