Monthly Archives: March 2018

NZDUSD extends downtrend after breaking below 0.7200

NZDUSD turned increasingly bearish after a bounce off the 0.7300 handle on Tuesday, breaking below the 0.7200 strong psychological level yesterday.

Today the pair continues to head lower, but the RSI in the 4-hour chart is not far away from oversold levels therefore upside movements cannot be exc…

USD/JPY Bullish Reversal Retests Fib Support Levels

The USD/JPY bullish price action broke above the resistance trend lines (red), which was a key decision zone for a bigger reversal or downtrend continuation. Price looks to choose for a bigger reversal and the bullish momentum could be (part of) a wave 1 (blue). A break below the 100% Fib level of…

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