Market Analysis – GBPJPY to Fall From the Overbought Region Soon GBPJPY overbought region’s adventure may come to an end soon. The market has generally been marching on in its bullish momentum which commenced on the 20th of December 2020. On its bullish movement, the market is seen to retrace …
Forex Strategies
Bulls and Bears Cancel Out Each Other In NZDUSD Market Tussle
NZDUSD Market Analysis – Bulls’ and Bears’ Tussle Results to Ranging Market NZDUSD Bulls and Bears have canceled out each other to leave the market in a range. The 0.70980 support has been very influential in keeping the price in a range and likewise the 0.73140 resistance. Price shot up from a …
EURUSD Slumps After Rejection at Channel Midline Resistance
Market Analysis – EURUSD Slumps EURUSD slumps after hitting the midline of its ascending parallel channel. The market has been trailing an ascending parallel channel since the 23rd of March 2020 and its midline has been very influential in directing the market. It has alternatively been acting as …
