GBPJPY Analysis: Market Consolidates In The Overbought Zone As Price Breaks Long-Term High GBPJPY consolidates in the overbought zone as the price breaks a long-term high. The broken long-term high was at the 172.150 price level. A double top preceded the breakout at the 172.150 price level. As the …
NZDUSD Analysis: Buyers Return As MACD Crosses The Zero Line From Underneath NZDUSD buyers return as MACD crosses the zero line from underneath. Whenever the MACD crosses the zero line, it indicates a rise in buying or selling pressure. According to the MACD (Moving Average Convergence Divergence), …
The current price pullback is the result of the strong bullish move that the market saw on May 22. However, the downtrend appears to be fading as it nears the $0.011624 price level. Long-term market holders may be responsible for this continuous sloppy market movement, as some of them are shorting …
