For sometime now we’ve seen the USDJPY resume its bullish trade. We last saw price find Resistance at level 110.965 . Before retracing for some weeks and finding support at level 107.526. Now price trades above support level 109.50 thus resuming its bullish trend . We last spoke about the pair in march. This was when it resumed it […]
A few days ago we sent out an analysis on the EURUSD price . In that post we spoke about important support levels and the possibilities of a strong bullish price action .The Last analysis we sent out on the EURUSD price found support at level 1.9421 and resistance at price level 1.9952 . The link […]
The USDCAD price pattern found support and now retraces against its long term trend. For weeks now the pair was consolidating within levels before finding support at level 1.23817.SInce then the pair has moved 255 pips above the level. Here is a link to the previous analysis for this pair https://fxsits.com/usdcad-breaks-support-level-to-continue-its-bearish-trend/ USDCAD Daily chart 29 […]
We last spoke about the NZDUSD currency pair last month. In that analysis we witnessed price break past its previous higher high and form new highs. Here is a link to that page. (https://fxsits.com/nzdusd-breaks-past-its-higher-high/). However today the pair seems to be reversing from its bullish trend. NZDUSD Daily chart 24 March 2021 Learn how to […]
The USDJPY pair has been on a bullish trend for the past months now. We have seen price break major resistance level and form higher highs. We spoke about this pair last month. The link below can be used as reference to the previous post. https://fxsits.com/will-the-usdjpy-price-continue-its-trend-direction/ . USDJPY Daily chart 17 March 2021 Learn how […]
Last week in our USDCAD analysis. We wrote about how price action consolidated within the Resistance and support level for weeks. The USDCAD finally broke it’s consolidation and now continues in the direction of the bearish trend. Here is the link to the previous analysis of the USDCAD price action for your reference. https://fxsits.com/the-usdcad-consolidates-within-levels-is-a-break-out-imminent/. USDCAD Daily […]
Up until today. The USDCAD price action still trades within a range. Price trades within level 1.25919 and level 1.27482. The pair hasn’t really moved for some weeks now. In the chart it seems as if price forms a consolidation with no signs of momentum and good volatility. The link below shows us price has […]
USDCAD recently found support from its bearish trend. And now consolidates within support level 1.24701 and resistance level 1.28752 by the time of this writing . The pair broke its previous support level last week as soon as we sent out the previous analysis .The USDCAD signals bearish price action (https://fxsits.com/usdcad-pair-breaks-out-consolidation-to-move-bearish/.) USDCAD H4 chart 2 […]
The NZDUSD breaks past its 2020 higher high and now forms a new level at 0.73853. We lastly spoke about the pair when it was ranging within support level 0.69999 and resistance level 0.72894. The link below is a review of the previous. https://fxsits.com/the-nzdusd-hit-its-higher-high-what-does-this-mean-for-buyers/ . NZDUSD H4 chart 24 February 2021 Learn how to trade […]
