Last week price broke out of our ascending channel on the back of strong economic data points and a positive outlook for the Kiwi economy. We saw price push past spot 0.7000 as the pair approaches our next strong level of resistance @ spot 0.7051. The pair has seen an over extended bullish cycle and we still expect bears to enter the market in the coming days.
Related Posts
Forex trading is one of the toughest careers in the world because of the uncertainty in the markets, difficulties in…
EUR/GBP has formed a double bottom around the 0.8890 spot level on the daily chart. Price has broken back into…
The Brexit shenanigans continue as announcements are pushed back another week. Ongoing discussions are happening over online meetings. Brexit has…
In the Forex market we can predict potential price movements through the analysis of candlestick patterns and formations. In…
Top-down analysis involves zooming out and looking at the ‘bigger picture’ when trading. We advise all our traders and members…
The Foreign Exchange market is the buying and selling of currencies through a decentralized exchange and provides a platform for…
A critical component to your success will be sticking to your trading plan. Here at FX we can assist and…
Dollar bulls took control of the Forex market during New York on Monday. We identified Cable as a potential short…
Top tip. Whatever timeframe you’re working on ensure you mark key levels of support and resistance. Simply look for levels…
We’ve been following this pair for a long while and been sharing our thoughts with you on the telegram about…
Creating a personal daily routine for tackling the volatile Foreign Exchange markets could be the first step you need for…
Here are 3 quick forex facts for you as we start a new trading week in the markets: The Forex…