PLUS1
Foreign Exchange
Usoil Reaches an Overbought Region, May Face Rejection at $85.39
Jan 17 2022 @ 01:29
Key Resistance Levels: $80.00, $84.00, $88.00 Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: Bullish USOIL has been in an uptrend but it may face rejection at $85.39. The index is retesting the previous high of $85.39. In previous price action in October and November, the bulls failed to break above the overhead resistance. Meanwhile, on December […]
Annual Forecast for EURJPY (2022)
Jan 15 2022 @ 07:21
EURJPY Annual Forecast – Price Is Set to Scale New Heights With a Bullish Flag Formation The annual forecast for EURJPY is for it to scale new heights, having conformed to a bullish flag formation. The bullish flag formation, an offshoot of the triangle pattern, began towards the tail end of 2020 as bulls began […]
Annual Forecast for GBPJPY (2022)
Jan 15 2022 @ 07:10
GBPJPY Annual Forecast – Bulls Have the Bias in a Ranging Market The annual forecast for GBPJPY points to a bias in the bulls’ favor. The market has been in a ranging pattern as bulls and bears tussle for preeminence. Despite the bears’ being more aggressive, bulls are favored to gain preeminence. This is chiefly […]
For Newcomers: What is a Forex Signal?
Dec 31 2021 @ 03:50
All Traders start somewhere, and that is knowing what Forex Trading is. Consequently, they use the term Forex Signal somewhere in their web search. Finding this article is the result of their investigation. Therefore, we are not only going to explain what a Forex Signal is but also what its advantages are. This is a […]
NZDUSD Bearish Bar Aims to Break Over Price Level
Dec 21 2021 @ 06:14
NZDUSD Analysis – Bearish Bar Aim to Break Over the 0.67000 Price Level of Influence NZDUSD bearish bar aims to break over the 0.67000 price level of significance. The bearish order of the market has been a major contributor to market formation. The more their tributes emerge from the market, the more influence they tend […]
GBP/USD Hovers Above Level 1.3200, May Resume Uptrend
Dec 21 2021 @ 05:36
Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: Bearish GBP/USD pair is in a downtrend but may resume uptrend. The bears have pushed the altcoin to the low of level 1.3216. This is the previous low of December 7. The market will resume upward if the current support […]
USDJPY Price Outflow Is Drawn by Sellers Back to 114.840
Nov 27 2021 @ 04:56
USDJPY Price Analysis – November 27 USDJPY price outflow is being held back as a consequence of bears causing opposition to the market influence. The price structure of the market strives to maintain an uptrend configuration under a bullish influence. However, the sellers are causing some resistance in the market, which is causing a hold […]
EURJPY Depreciates to Lows Near 128.00 Following COVID Resurgence
Nov 27 2021 @ 04:48
EURJPY Price Analysis – November 27 EURJPY pair fell for the third session in a row on Friday, depreciating to the area of recent lows in the 128.00 range. As the new strain of COVID weighs heavily on investors’ sentiment, strong buying interest in the Japanese yen puts EURJPY under added pressure in the sub-129.00 levels. Key […]
EURUSD Hovers Near Multi-Month Low, Under 1.1250 Level
Nov 23 2021 @ 23:16
EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading […]
USDJPY Looking Forward to a Bullish Ride After Accumulation
Oct 29 2021 @ 18:37
USDJPY Analysis – Price Is Looking Forward to a Bullish Ride at the 113.400 Significant Level USDJPY is looking forward to a bullish ride after several accumulations at a significant price level of 113.400. Market accumulation proceeded due to price action seeking to give both the buyers and sellers their positions in the market. Furthermore, […]
