EURUSD Price Action: Explodes higher from Inside Bar Price Action Setup, 30/04/2013

 

 The EURO has exploded higher, following the Inside Bar Price Action Setup Spotted in my last commentary on the pair. It remains to be seen if the recent high at about 1.3200 will halt this very strong bullish move. If it doesn't, we would anticipate a reversal as it moves into the Key Resistance Zone as indicated above.

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NZDUSD Price Action: explodes higher. 30/04/2013

 

The Kiwi exploded  higher after an anticipated sell-off failed to materialize following its Inside Pin Price Action Setup. When setups occur on the daily time frames, entries are sort on the intra-day time frames. In this case, there was no reasonable bearish setup on the intra-day as Traders were more interested in the more dominant bullish trend.

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EURGBP Price Action: Pivot Bottom Trade Setup, 29/04/2013

 

 The previous Key support Zone on the EURGBP (around 0.8420) has halted the sell off on the pair once again, after previously halting it and going bullish after a Fakey with Pin Price Action Setup. This time around, we have a Pivot Bottom Price Action Setup. If this setup pulls off and is able to break through immediate resistance at about 0.8470, price would then attempt to reach Key Resistance at about 0.8570.

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EURAUD Price Action:Closing Price Reversal Price Action Setup, 29/04/2013

 

The last time I ran a commentary on this pair, I did discuss its Closing price reversal setup. Once again, we have a similar setup but this time, price has shown even greater reluctance to reach previous higher prices. If this setup pulls off and does manage to break through immediate support at about 1.2603, The next support is not seen until about 1.2470

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GBPJPY Price Action: Closing Price Reversal Price Action Setup, 27/04/2013

 

In my last post on the Geppy, I mentioned that price had hit resistance following the previous Inside Pin Price Action Setup. Friday's Trading saw a significant sell-off on the pair and a subsequent Price Action setup: The Closing Price Reversal Setup. Expectations are for further bears in the coming days with supports at 149.90 - 147.60 zone.

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EURUSD Price Action: Inside Bar Price Action Setup, 27/04/2013

 

 I had expected a resumption of a down trend following the Pin Bar on the Euro at the close of Trading on Thursday 25th April, but there was a significant reluctance on the part of traders to sell this pair hence, we ended the day with an inside bar Price Action Setup. Following this setup, I would expect a bit more bullishness on this pair and watch reaction of the pair as it approaches the resistance zone as indicated above.

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AUDUSD Price Action:Pin Bar Price Action Setup, 27/04/2013

  

The Aussie closed Friday with a clear bearish pin bar price action sell setup as price failed to stay buoyant as it approached the dynamic resistances. Twice in two days, the dynamic resistances acted as a catalyst for sell triggers and with a close now, below the minor support, the road seems clear for more bears in the coming week.

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