the EURNZD currently testing its resistance level near 1.6288-1.6310, if the market successfully breaks and closes above its resistance level is ill then look for trend continuation pattern to get in a buy trade this week we have FOMC Press Conference and NFP, it is going to be volatile, that's why I will be careful and wait for confirmation before I make a trade
Analysis of #GBPJPY the GBPJPY might have a head and shoulders pattern, still premature to talk about it while the second shoulder still not yet completed, but keep an eye on it as it might come soon. if we break the neckline I will then consider a sell if the rules for entry are met. this week we have FOMC Press Conference and NFP, it is going to be volatile,...
The USDJPY did rally 2% today almost 250 pips after BOJ chief Kuroda's commentary taking a look at the chart we have the trend line resistance where the market fell before, we also have RSI divergence in an overbought territory which previously indicated the market is running out of steam, many expect the market will hit 140.00 but I think the BOJ will have to...
Predict the price to move upwards and then start moving downwards. The market is hopeful Be able to touch your price ceiling. The identified resistances are very strong and since 2014, the price has not been able to pass these resistances. Price targets are specified