Overnight the GBPNZD fired of a Bullish Engulfing Bar (BUEB) on the 4hr chart. This BUEB was formed from an extreme swing low and also long term support level. The only worry for traders taking this setup was the strong downtrend they were trading against. Price has now moved higher and is moving …
NZDUSD Creeping Closer to Long Term Resistance
The bulls have been in strong control of the NZDUSD price in recent times. Price has been roaring higher without taking a breather at all. As we know no market can go straight up or straight down and corrections in the way of retraces back to value areas have to occur at some point. Because of …
AUDUSD Moving Higher
The Australian dollar gapped higher at the open of yesterdays session. This was a very aggressive gap that managed to be closed during the US session. Price moved lower closed this gap and then rejected and moved much higher to finish well of the sessions lows. The next resistance level comes in …
