NZDUSD Analysis: Market Sets To Retrace Upward As Price Sinks Into Oversold State NZDUSD is set to retrace upward as the price sinks into an oversold state. The market is currently in a downward trend. The downward trend ensued after a reaction towards the falling trendline and overbought. …
Price Action Charts in Focus
USDCAD Bulls Continue to Mount Upside Pressure
Although the US dollar doesn't possess momentum as strong as it did in the previous week, it could be perceived that in some pairs, the lowering momentum is still enough to provide a tailwind. An example of this is portrayed in the USDCAD, as its price action continues to rise toward resistance …
Dash 2 Trade (D2T/USD) Holds the Possibility of Surpassing the $0.0006 Price Level
On August 5th, the Dash 2 Trade reached its peak above the $0.0063 price level. Traders capitalized on this opportunity for profit-taking, which subsequently led to a decline in the price, which is now hovering around $0.0057. Specifically, the price dropped below this level as it has turned into a …