Get 40% Off
to Daily Price Action.
Ends December 31!
The .864 level on NZDUSD represents an interesting supply and demand exchange. As can be seen in the chart below, this level has acted as support and resistance several times in recent weeks. There’s actually one more high that touched this level on March 18th that wouldn’t fit on the chart. At the moment, price action […]Continue Reading
After yesterday’s impressive move up, price action on the AUDUSD took a breather. We had an inside bar form today as a sign that the market is cooling off from yesterday’s move. Whether this inside bar is a signal that price will continue to the .942 area has yet to be seen. Having said that, […]Continue Reading
The four hour bar just closed, and it appears price action on the AUDUSD is respecting new support. The daily chart has been in an uptrend since late January, and if the uptrend is to continue we may see a retest of the .942 level in the coming days. We’ll have to keep an eye […]Continue Reading
Today, the Forex market made up for recent slowness. Several pairs made significant moves, with the AUDUSD being one of them. The pair finally showed its hand today, reacting favorably to the pin bar that formed last Friday. We already knew today’s move was likely based on yesterday’s analysis. If the pair can continue its rally, the next […]Continue Reading
Price action across the Forex market was fairly calm today. The AUDUSD is still trapped between immediate support and resistance, however the pin bar from Friday is still front and center. We have immediate support at the .922 level as well as trend line support coming in around .926. If the AUDUSD can break immediate resistance […]Continue Reading