GBPJPY Analysis - Bullish Strength Would Lift the Market Past 157.090 GBPJPY bullish strength is at its peak and is expected to drive the market past its latest huddle at 157.090. Several days of bullish confrontation paid off as GBPJPY successfully breaks out of a long-drawn descending channel. …
Money management
NZDUSD Breaks Out at the Confluence Zone
NZDUSD Analysis - Market Confluence Zone Is Influential as NZDUSD Breaks Out NZDUSD breaks out of its ascending triangle pattern yesterday, January 3rd. The triangle pattern was formed at 0.6850 level, which formed a confluence zone. The market is seen to highly respect the technicals. The demand …
The Chinese Yuan Could Weaken Against the U.S. Dollar as Uncertainty Surrounds Chinese Export Demand
The Chinese Yuan stood out amidst the increasing price of the dollar in the year 2021. While there was about a 7% price increase in the US Dollar index in 2021, there was only a 1% gain for the yuan against the US dollar. The yuan's strength, on the other hand, will be tested from January to April …
