On the reverse trading, a breached and sustained consolidation above 1.2800 will invalidate my bullish bias, and change the outlook of the currency pair entirely. The Bulls are likely to take control if the pair manages to hold above this level,...
* USDJPY: Bullish above the psychological level of 157.00, targeting the levels of 158.00, 158.60 and 159.00 * Bearish prospects below the level of 157.00 with potential targets at 156.50, 156.00 and 155.60 ...
Fundamental Analysis On Friday, the EUR/USD pair dropped lower, reaching 1.0670 before rising to the 1.0700 milestone in the US trading session. Following a significant movement in voter mood towards right-of-centre political parties in the recent...
WHAT IS PIVOT POINT IN FOREX TRADING Pivot points are a popular technical analysis tool used in Forex trading to predict potential support and resistance levels. They are calculated based on the previous day's price action and are used to identify...
NZDUSD H1 The NZD/USD currency pair on the weekly timeframe has shown a significant rise in value. Recently, the pair managed to break through an important resistance level of 0.61669. This breakthrough then triggered additional upward momentum,...