Market Analysis – 153.500 Supply Zone Rejection Makes GBPJPY Fall GBPJPY falls after being rejected at the 153.500 Supply Zone. The upwards trajectory of the GBPJPY has been normalized starting from the 23rd of February 2021 to follow an ascending trend line. The key levels remain influential as …
Forex Strategies
NZDUSD Employs Double Bottom Reversal Pattern to Shoot Price Upwards
Market Analysis – NZDUSD to Break Upwards Using a Double Bottom Reversal Pattern NZDUSD employs double bottom reversal pattern to help it beat the 0.71050 resistance and move the market upwards. The major trading zone for the market since the turn of the year is between 0.73100 and 0.71050 key …
Inverted Cup and Handle Pattern to Plunge EURUSD Lower
Market Analysis – EURUSD Conforms to an Inverted Cup and Handle Pattern to Go Lower The bears employ an inverted cup and handle pattern to plunge EURUSD. The price started the year on a high around the 1.23460 key level, but the market soon employed a tweezers top candle pattern to plunge the price …
