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Forex Trading Lessons

Greenback Remains Under Selling Pressure

Greenback remains under selling Pressure. The US dollar has been under heavy selling pressure in the past few days. The USD Index (DXY) has been breaching the 104.00 key zone for the first time since mid-February. This comes as US yields extend their decline to multi-week lows, with the 10-year …

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EURJPY Price Action Retraces Near 151.00, but Bows to Headwinds

Price activity on the EUR/JPY is highly unstable at this point. Even at that, price activity still seems determined to reach the 146.45 mark. Nevertheless, traders must be cautious to avoid getting sliced in this extremely choppy market. Major Price Levels: Top Levels: 144.52, 145.00, and …

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NZDUSD Buyers Accumulate Orders as Price Leaves the Supply Zone

NZDUSD Analysis: Buyers Accumulate Orders as Price Leaves the Supply Zone NZDUSD buyers accumulate orders as the price leaves the supply zone. The latest low may be an intermediate low as the price surges quickly from the supply zone due to the purchasing push at the 0.615600 support. However, the …

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