Crude Oil or West Texas Intermediate (WTI) has smashed higher and most importantly closed above a major daily resistance level on the back of a 1,2,3 trend reversal pattern. Before this strong move back higher, price had been in a heavy down-trend for some time with price being sold off heavily from …
EURAUD Moving Into Psychological Big Round Number | 14th Apr 2015
The EURAUD daily price action chart is looking to potentially test the major psychological Very Big Round Number (VBRN) in 1.4000. As I have often discussed in this blog; Big Round Numbers (BRN's) and VBRN's are another useful piece of information that a trader needs to use in the overall price …
AUDNZD Price Action Stalling at Pull-back on Daily Chart | 10th Apr 2015
The AUDNZD is starting to stall at a key daily resistance level as I write up this blog post on the daily price action chart. You can often tell when price is starting to stall because the price action will make a retracement or pull-back and then start to move sideways. Often times price will …
