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Price Action Forex Trading Strategies

NZDUSD Bearish Trend Loses Ground

Market Analysis - Kiwi Buyers are Pulling Strings NZDUSD's bearish trend loses ground. One key level that has recently caught the attention of traders is the 0.60310 level. Buyers are making a frontal attack on this level, but their intentions are not yet clear. Will they succeed in breaking …

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US Index Loses Steam As Investors Remain on The Edge

US Index loses steam as investors remain on the edge. The forex market is known for its constant fluctuations, and major currency pairs often show limited movement. Recently, investors have been cautious ahead of US economic data releases, which can significantly impact the performance of the USD. …

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EURUSD Buyers Seeks  A Recovery  EURUSD Analysis - Buyers are aiming for a strong recovery  EURUSD buyers seek a recovery. The pair has been trading within a range, with significant levels acting as key points of interest for both buyers and sellers. The recent rally started at the 1.06880 level, where buyers showed firmness in the previous month. However, their efforts were limited, and they could only push the price up to the 1.09840 key level. This level proved to be a major resistance zone, as indicated by the Parabolic SAR Stop and Reverse. EURUSD Key Levels Resistance Levels: 1.09840, 1.08730 Support Levels: 1.06880, 1.06520 Following the rejection at the 1.09840 level, the market witnessed a shift in momentum, with more bearish activity taking control. The sell traders successfully attacked the 1.08730 significant level, putting downward pressure on the price. However, the buyers managed to recover their strength and prevent the sellers from breaching the 1.07910 key level. Market Expectation  While the recent correction from the sellers has been successful in pushing the price lower, it is unlikely to hold for a long time. The Parabolic SAR Stop and Reverse indicator reflects the sellers holding more strength, but the buyers are not giving up easily. They are putting up a challenge to repel the selling strength and maintain their position above the 1.07910 key level. For sell traders who are looking to take advantage of the potential sell return, it is advisable to use forex signals. It will help them filter out potential losses to be experienced.

EURUSD Analysis - Buyers are Aiming For a Strong Recovery  EURUSD buyers seek a recovery. The pair has been trading within a range, with significant levels acting as key points of interest for both buyers and sellers. The recent rally started at the 1.06880 level, where buyers showed firmness in …

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