The NZDUSD has formed a 4 hour chart Inside Bar (IB) at the bottom of a major daily range where price has now been contained for the previous three months. As the daily chart shows below; price on the daily chart was previously in a strong down trend making clear lower lows, but price has since …
Price Action Charts in Focus
EURNZD Retracing Back Into Major Daily Kill Zone | 20th Jan 2015
Price on the EURNZD is now retracing back higher into what could be a kill zone for traders to begin potentially hunting short trades on their intraday charts with the recent strong trend. The level that price is moving back higher into is a major level. This level has been a proven support level in …
What on Earth is Going on With the CHF? | 16th Jan 2015
The Swiss Franc soared overnight making as much ground as 30% at one point on some pairs in the blink of an eye. Whilst the Forex market is highly volatile and that is why we love it, this sort of move is unprecedented and only comes around normally once every couple of years. The last two moves …
