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 …
Price Action Charts in Focus
GBPNZD Fires Bullish Engulfing Bar
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 …
NZDJPY Pin Bar
At the close of Thursday New York session the NZDJPY formed a Bearish Pin Bar. This Pin bar was formed from long term resistance, but against the very short term momentum. Price failed to break the Round Number of 63.00 and we will need to see this level taken out for any chance of a move lower …
