GBPJPY Analysis - Market Purges Downward Into the Discount Array GBPJPY purges downward into the discount array after hitting the 172.10 supply zone. From the supply zone, the selling pressure caused prices to sink downward. Price broke the previous low and eventually led to a change of character …
Forex Strategies
NZDUSD Gets Overwhelming Selling Pressure in the Supply Zone
NZDUSD Analysis - The Price Gets Upset by the Selling Pressure Around the Supply Zone NZDUSD gets overwhelmed by the selling pressure around the supply zone at the 0.6470 price level. In the past few days, the market has been rallying in fractals. NZDUSD buyers appear to be extremely bullish on the …
EURUSD Could Trade South as Price Rallies Back to 1.0600 Significant Level
EURUSD Analysis - Buyers Need More Force to Surpass the 1.06000 Significant Level EURUSD could trade south as the price rallies back to a 1.06000 significant level. The traders are currently building up momentum to push forward in the market. The momentum indicator is currently increasing in the …