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 …
Forex Strategies
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 …
EURCHF Has Broken Through the Flag Formation
Price Analysis – EURCHF Has Broken Its Way Out of Flag Formation EURCHF has broken through the flag formation with bullish momentum. The market began the year in a consolidation pattern, which began on November 10, 2020. By the 18th of February 2021, the price broke out and jumped from 1.0807 …
