NZDUSD channel analysis

NZDUSD technical analysis: Testing critical channel resistance level | 20th June, 2017

Posted Posted in Technical Analysis

Bearish trade setup in the NZDUSD pair near the channel resistance First Critical Resistance: 0.7300 Second Critical Resistance: 0.7402 First Critical Support: 0.7095 Second Critical Support: 0.6830 Overall Sentiment: Bearish ∇ There NZDUSD pair has rallied higher for the last consecutive 5 week and currently, the bullish momentum of this pair has ceased after the pair Read More

USDJPY hitting channel support

USDJPY bounce off from channel support level | 23rd April 2017

Posted Posted in Technical Analysis

USDJPY technical analysis: Possible bullish move | 23rd April 2017 First critical Resistance: 110.06 Second critical Resistance: 112.20 (Channel resistance) First critical Support: 108.10 Second Critical Support: 107.40 Overall Sentiment: Bullish Δ The USD JPY pair sharply fallen in the descending channel support zone and after hitting the critical channel support level at 108.10 the pair Read More