The EURUSD has formed a bearish rejection candle on the daily chart which is rejecting resistance. Price during yesterdays session moved only slightly lower and closed near sessions lows. Price has been in a down trend of late so it would not surprise to see price move lower from this rejection …
Price Action Charts in Focus
AUDNZD Weekly Pin Bar
The AUDNZD has formed a Pin Bar on the weekly chart. This Pin Bar has formed rejecting a proven resistance level. Price has failed to break through this resistance level at two at previous attempts. If price can break the Pin bar low and move lower, near term support comes in around round number …
USDCAD Engulfing Bar
The USDCAD has moved lower during yesterdays session on the back of a Bearish Engulfing Bar (BEEB). This BEEB formed with the very recent downward momentum. Price has now fallen into the near term support and closed well off the lows. Traders who entered this one have now been given the chance to …