NZDUSD Price Analysis – September 26 NZDUSD is disallowed at the 0.71560 key level from passing the transition zone to the upper half of its general consolidation zone. This, therefore, brings an end to the market rally that began on the 23 of August from the 0.68101 demand level. The market hit a sharp rejection […]
GBPJPY Analysis – Price Continues to Consolidate GBPJPY continues to consolidate as the market’s impetus decreases. The buyers will, however, fail to reach a critical zone of 153.270 before a reversal will occur. The price failed to retest this zone before running down to react at the 151.390 critical level. GBPJPY then rallied down to […]
USDJPY Price Analysis – September 23 USDJPY continues to consolidate as the market starts to gain bullish momentum. The price is seen going upward after a bullish engulfing. This connotes that the market will gain momentum and may even break beyond the 110.080 level. The bulls and the bears continue to shake themselves off, and […]
USDCAD Price Analysis – September 22 USDCAD remains bullish despite its setback in sliding out of its previous ascending channel. The market suffered a setback when it attempted to cross the middle line of the ascending channel, which appeared to intersect with the 1.28000 key level. This posed too strong a resistance zone for USDCAD, […]
EURCHF Price Analysis – September 21 EURCHF is reacting to the 1.08700 significant level. Since bouncing off the 1.07400 support level, price has been in a strong bullish move. This can be seen with 8 consecutive bullish candles which lifted the market above the 1.08700 key level. However, since climbing around this level, EURCHF has […]
AUDJPY Price Analysis – September 20 AUDJPY Bears Are trying to drown the market again after an initial failure at 78.300. Price broke downward out of distribution to reach for the 78.300 support, but unlike previous times where the market bounced up to break through the support, price kept moving up till it got to […]
NZDUSD Price Analysis – September 20 NZDUSD faces a downslide after suffering severe rejection at the 0.71560 transition zone. Buyers had pumped the market up in retaliation to the price plunging below a consolidation phase that had lasted for weeks. The rally pulled price from the 0.68101 key level and drove it beyond the 0.70570 […]
GBPJPY Price Analysis – September 17 GBPJPY is resisting bearish pressure by forging the market into an ascending triangle pattern. Bearish pressure effectively kicked in when price hit a 3-year high at 156.100 on the 27th of May 2021. Since then, price began a downtrend with a selling pressure which superseded the efforts of the […]
USDJPY Price Analysis – September 16 USDJPY breaks to the downside of its range. This consolidation phase, which has lasted for the past 23 trading days, comes after the market has arrested its price decline but has been unable to re-launch itself back into its uptrend movement. The consolidation phase, therefore, is an outcome of […]
