Technical indicators: Major Resistance Levels – 1.3300, 1.3400, 1.3500Major Support Levels – 1.2300, 1.2200, 1.2100 USD/CAD Long-Term Analysis: BullishUSD/CAD is in an upward move as price breaks above the 50-day SMA. The currency pair has not closed properly above the moving averages. It is likely …
Money management
NZDUSD Demand Zone Is Likely to Turn Into a Supply Zone
NZDUSD Analysis - The 0.67120 Demand Zone Is Likely to Turn Into a Support Zone NZDUSD demand zone is likely to turn into a supply zone at 0.67120. The dollar has gained more strength, and this has caused more bearishness in the market. The Moving Average period 9, and the Moving Average period 21 …
EURUSD Is Dropping Towards Confluence Zone
EURUSD Analysis - Price Is Dropping Towards the Confluence Zone Around 1.09900 EURUSD is dropping towards the confluence zone around 1.09900. This is despite the best efforts of the buyers to divert the market back upwards earlier than expected. As a result, the price was blocked from falling at …
