GBP/JPY D1: bearish trend to be continuing. The price is located below Ichimoku cloud for the bearish market condition: price broke symmetric triangle pattern to below for the 133.22 nearest bearish target to re-enter. If the price breaks 133.22 support level to below on close D1 bar so the bearish trend will be continuing with 128.75 possible bearish target. If the price breaks 143.22 resistance to above on close D1 bar so the bullish ...
GBP/USD D1: bearish ranging within narrow levels. The price is located below Ichimoku cloud for the ranging within the following support/resistance levels: 1.2795 support level located below Ichimoku cloud in the bearish area of the chart, and1.3480 resistance level located below Ichimoku cloud in the beginning of the bear market rally to be started. If the price breaks 1.2795 support level to below on close D1 bar so the bearish trend ...
Switzerland is one of the richest countries in the world, and while its economic policies and practices largely conform with EU standards, the country's population rejected accession negotiations with the EU in March of 2001. So, at least for the foreseeable future, the Swiss Franc is expected to remain one of the world's most actively traded currencies, with two dominating features that are important to us as forex traders. Although ...
NZD/USD: breakdown with the bearish reversal. The pair is on secondary correction within the primary bullish condition with 0.6950 support level to be testing to below for the reversal of the price movement to the primary bearish market condition. The price is located within the following key support/resistance levels: 0.7292 resistance level located far above Ichimoku cloud on the primary bullish area of the chart, and0.6950 support level located near Senkou Span line of Ichimoku ...
There are two dominant themes that it is important to understand when analyzing the Canadian Dollar from a fundamental standpoint. The first, as its designation as a commodity currency implies, is the fact that exports of natural resources (especially gold and oil) make up a significant part of the Canadian economy. This is important to understand because as Canada is the world's 14th largest producer of oil and 5th largest producer of gold, the price of these and other commodities normally has ...
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