Tag: confluence
NZD/USD – correction gives opportunity to take a short position? – 29/04/2019
The NZD/USD currency pair has recently overcome a significant zone of support confluence. The quotations marked a new low, and now the correction has...
EURAUD – a Confluence of Key Support Levels
The EURAUD is in an upward trend, which is well illustrated by the weekly chart below, where the highs and lows are arranged at...
NZDCAD – Closing of the session Under Confluence of Supports – 06/04/18
NZDCAD on the daily chart closed yesterday under the local area near 0.9286. Earlier, however, the trend line / channel support from May 2017...
EURJPY – Another Contact with Support Confluence
EURJPY is in an uptrend, where at the end of last week a maximum at 137.49 was set, which additionally tested the resistance in...
GBPUSD -Triple Point of Confluence
On GBPUSD yesterday was a strong rebound from a point where we had a triple confluence:
line of downward trend ( to be precise-...