Market Analysis – Price Falls Below 0.91300 as USDCHF Drowns USDCHF drowns below 0.91300 after it yielded to bearish influence. The market had an upsurge that rose to 3% from the 16th of June 2021. At the end of this upsurge, the price immediately began conforming to a ranging position. The 0.91300 …
Forex Strategies
The 149.640 Key Support Zone Defends GBPJPY From Plummeting
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 …
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 …
