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 ...
Daily price is located above 100 SMA/200 SMA reversal zone on the bullish area of the chart within the following support/resistance levels: 1375.11 resistance located far above 200 SMA in the bullish area of the chart, and1305.46 support level located in the beginning fo the secondary correction. If the price will break 1375.11 resistance level so the primary bullish trend will be continuing. If the price will break 1305.46 support level so the local downtrend ...
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Monthly price is on breakdown: the price was bounced from 200 SMA to below with 1.7132 support level to be broken for the bearish breakdown to be continuing.
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