The GBPNZD has fired off double inside bars (IB) on the daily chart just underneath resistance showing that the resistance on the daily chart is holding at this stage and could hold for the next leg lower if price can get the next push. Inside bars are indecision candles and when we see two of them …
EURUSD Weekly Bullish Engulfing Bar
The EURUSD has fired off a bullish engulfing bar on the weekly chart. This bullish engulfing bar (BUEB) shows that the bulls had complete control of the market last week. Price had sold off lower and tested the major lower support level, before the bulls jumped in hard and fast sending price …
GBPUSD Continues Sideways Price Action
The GBPUSD has pushed substantially higher over the last two daily sessions to push back into the range that it has been trading in over the past few months. Price on the daily chart has been trading sideways with no clear direction or trend in either direction. Price had moved down to the major …
