Price action has taken off on the EURUSD, USDJPY & USDCAD daily charts. As you can see below; all of these Forex pairs have broken out of their respective key daily major support or resistance levels with strong breaks and then made strong moves higher or lower. EURUSD DAILY CHART The EURUSD …
Nat Gas Engulfs Previous Two Candles With Price Action BEEB | 20th May 15
The Natural Gas or XNGUSD daily price action chart has formed a Bearish Engulfing Bar (BEEB) engulfing the previous two candles. This engulfing bar has formed after a large run higher in recent times with price having made a steep climb off a double low. As the daily chart shows below; price was …
Exotic Forex Pair Fires Off Bullish Price Action | 19th May 2015
The USDZAR (US Dollar v South African Rand) has fired off a bullish engulfing bar (BUEB) on the daily price action chart at a major daily support level. This chart has been super choppy of late and as the daily chart shows below; this engulfing bar does have a minor trouble area or minor resistance …
