Monthly ArchivesMay 2020 - Forex Broker LiteForex Nigeria

Technical Market Outlook: The GBP/USD pair is challenging the local high of 1.2362 again. Despite the fact, that the market has made the Pin Bar candlestick that retraced the up trend almost in 100%, the bulls are pushing the prices and targeting the next level seen at 1.2381. The momentum is still strong and positive, […]

Technical Market Outlook: The EUR/USD pair has broken above the level of 1.1050 and keeps going higher inside of the ascending channel. The bulls are then pushing through and the market conditions are still in their favor, so does the increasing momentum. The next target for bulls is seen at the level of 1.1148 and […]

The EUR/USD pair has broken above the level of 1.1017, which is the upper supply zone boundary and made a new swing high at the level of 1.1035 (at the time of writing the article). The bulls are then pushing through and the market conditions are still in their favor, so does the increasing momentum. […]

Technical Market Outlook: The GBP/USD pair has bounced from the upper channel line and technical support located around the level of 1.2165 and hit the first target zone located at the level of 1.2315. The local high was made at the level of 1.2361, so the bulls are pushing through this zone and are targeting […]

Technical Market Outlook: After the Hammer candlestick pattern was made at the level of 1.0870, the bulls took over the market and pushed the price towards the next technical resistance located at 1.0991. This level is the lower boundary of the supply zone so any violation of this zone would be even more bullish. The […]

Technical Market Outlook: After the GBP/USD pair has made a new local high at the level of 1.2297, the bearish pressure intensified and the price has tested the upper channel line and bounced from it. The momentum remains negative to neutral, the market conditions are overbought, so the odds for another wave up are now […]

Technical Market Outlook: The EUR/USD pair has rallied towards the level of 1.1008, but market has made Bearish Engulfing candlestick pattern at the top of the move at the level of 1.1008. This level must be clearly violated in order to rally towards the swing high at 1.1017, which is the supply zone high. The […]

Technical Market Outlook: The GBP/USD pair has broken below another technical support located at the level of 1.2246 and made a new local low at the level of 1.2165. Despite the oversold market conditions the momentum remains negative well and the odds for another wave down might be higher. The nearest technical resistance is seen […]