DAILY TRADE ANALYSIS FOR 24th of Feb 2022

AUD/JPY

The pair has being in a ranging momentum from 83.716- 80.596 zones, there was a bearish rejection at 83.716 zone 10 days ago forming a Pinbar price action. The bearish rejection was not sustained leading to another bullish rally to the same Resistance zone. Another rejection occurred today at the resistance zone which cue us into bearish rally into 80.596 in near term.

Trading Focus– A bearish rejection pin bar was formed at the resistance boundary of the range, we anticipate a bearish momentum in the near term.

TradeForexTraps

EUR/AUD

There has been a bearish rally after rejection at resistance boundary 1.61533,the ranging momentum has been clear enough in the last days/week ranging from 1.61553-1.55833.

Trading Focus– Anticipating a bullish price Action at the support boundary.

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