The NZDCAD has formed a Bearish Engulfing Bar (BEEB) on the weekly price action chart. Whilst this BEEB is formed up at a nice swing high, there is a very close near term support level. If price is to make any more solid moves lower it is going to have to make a break out through this support …
Price Action Charts in Focus
NZDUSD 2 Day False Break Pin Bar
The NZDUSD has moved lower after producing signals on both the daily and two daily charts. The daily chart formed a bearish engulfing bar (BEEB) at resistance and the two day chart showed a bearish false break pin bar. The cleaner looking setup was on the two day chart where we can see price made …
Aussie 200
Most Forex traders concentrate solely on Forex pairs, but a few other markets they could add to their watch lists are the major indices. One major indices that has been roaring higher of late is the Aussie200. Price has been continually making new lows without any significant rotations lower on …