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NZD/USD Continues Its Downward Move, a Drop To Level 0.6762 Likely

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair has continued to fall on the downside. The pair faces another rejection at level 0.7300 resistance zone. On March 5 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Kiwi will […]

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USOIL (WTI) Continuous Downward Move, Targets Level $55.14

Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downward move after rejection at level $66. On March 18 downtrend; the crude Oil fell to the low of level $58.25 and resumed consolidation above it. The retraced candle body tested the 61.8% Fibonacci retracement level. This implies […]

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GBP/JPY Resumes Uptrend but Faces Rejection at Level 151.54

Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY has been rising for the past two days. In the previous week, the uptrend was interrupted at the resistance of 152.55. This causes the market to decline to the low of $148.52. The Yen has risen to revisit the […]

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