The AUDNZD has fired off a Bearish Engulfing Bar (BEEB) on the 4hr chart. This BEEB is from a swing high and previous support which has now held as resistance. If price can break lower price could cruise on lower to test the recent lows around 1.2680. If however price goes higher a new up-trend …
Price Action Charts in Focus
NZDJPY Recap
The NZDJPY Pin Bar that was covered in this blog has now fallen lower. Price hovered around for a few days before making a solid break lower for traders to cash in. Traders have now been given a chance to take some profit or at the minimum protect their capital. Well done to the members who …
AUDUSD Ranging
The AUDUSD has been moving in a box or range over the previous two weeks. As with most other USD pairs, the Aussie experienced a strong move during the last session of the week. This strong move has now placed price right under the upper level of the current range, which is holding at this stage …