Market Analysis-NZDUSD Breakout Violates Support Zone NZDUSD has broken out successfully, out of a consolidation that existed between 0.73000 and 0.71500. The support zone was retested on the 14th of June 2021. The pullback was a trigger to drive the price aggressively into the lower regions below …
Forex Strategies
EURUSD Continues Sideways Movement in a Channel
Market Analysis – EURUSD Has Been Moving Sideways and Continues So in a Channel EURUSD continues sideways after being confined to a channel. The movement of the Euro-Dollar pair from last year into this year has been nothing short of sideways. This is seen in the zigzagging movement of the …
EURCHF Consolidation Phase in Downtrend Continues
Market Analysis – EURCHF Dips to Continue Downtrend Consolidation Phase EURCHF downtrend consolidation phase continues as the market gets knocked down from the upper border of its parallel channel. The market rose to a height of 11.500 on the 4th of March 2021. The last time the EURCHF attained a …
