EUR/NZD Price Action– There was a retest of the support zone at 1.60838 of the existing ranging momentum, also there was formation a bearish trap pin on Thursday which clued us to anticipate a bullish rally. Trading Focus – We are considering trading a bullish momentum in a short term while resistance zone at 1.66086 […]
Month: April 2022
DAILY TRADE ANALYSIS FOR 27th of April 2022
EUR/NZD Price Action– A Pinbar was formed at support zones 1.6153-1.6087, this also double as retest of the breakout region of the existing range bound momentum created previously. Trade focus- We are considering trading the pair into the next resistance zone around 1.6562 zone. AUD/CAD Price Action– A rejection pin/inside bar pinbar combo was formed […]
Weekly Forex Pairs Analysis- 25th of April- 29thApril 2022
1-EUR/USD Price Action– A pinbar was formed at daily chart on Thursday of this week at support turned Resistance,1.09363, and this also was confirmed on the weekly chart. Trading Focus– We are anticipating continuation of the bearish trend and expect the market to rally into 1.06894 support zone. 2- AUD/USD Price Action-No visible price action […]