Technical analysis of GBPNZD Today I choose GBP/NZD for technical analysis; the market price is between 2.2078 resistance and 2.1916 support. Market price breaks below resistance and shifts from support to price action. However, if your market price...
Piercing Line Chart Pattern The Piercing Line chart pattern is a bullish candlestick reversal pattern that typically appears after a downtrend. It signals a potential reversal to the upside. This pattern is made up of two candlesticks:...
NZD/USD Market Trend Analysis: Bullish Outlook Current Market Overview The NZD/USD currency pair is currently navigating a bullish trend, as seen in the analysis of the 4-hour chart for this week. The market has shown a consistent effort to rise,...
The EUR/GBP cross remains under pressure, trading in negative territory around 0.8325 during the early European session on Friday. This marks the second consecutive day of losses for the pair, as the Pound Sterling (GBP) finds support from...
General Points about USDJPY: An examination of recent price action reveals clear selling pressure in the USD/JPY pair. Observing the Daily Chart, one sees USD/JPY market favoring sellers. The market closed around 152.27 level, indicating seller...
