EUR/USD ANALYSIS 02-03-2021

EUR/USD broke minor uptrend lineprice below SMA 200 , SMA 100MACD shows bearish momentumRSI reached oversold areaFirst scenario : if price break key level  around 1.1950 and close below it  on 4h frame ,it will confirm bearish  movement to HVN around 1.1830 then to support level and major uptrend line around 1.1600Second scenario : if price break resistance level 1 around 1.2220 and close above it on 4h frame ,it will confirm bulli...

NZDJPY ANALYSIS 26-02-2021

NZD/JPY trading in uptrend price above SMA 100, SMA 200MACD shows bearish momentumRSI broke uptrend line below 50First scenario : if price break resistance level 1 around 79.20  and close above it  on 4h frame , it will confirm bullish movement to  resistance level 2 around 81.00 Second scenario : if price break support level  around 76.60 and close below minor uptrend line on 4h frame ,it will confirm bearish  ...

GBPJPY ANALYSIS 25-2-2021

Pair is trading in uptrendPrice is based below resistance level 1 at 150.72Above SMA 100, SMA 200MACD shows bullish momentumRSI reached overbought regionFirst scenario: in case the price break resistance level 1 at 150.72 and close above it on H4 frame, it's recommended to open long trade to target resistance level 2 at 152.70 then finally target supply zone at level 153.70Second scenario: in case the price break support level 1 at 147.90 an...