Price on the GBPUSD is sliding lower and into the next near term support level on the daily price action chart as I write this daily Forex commentary. Just in the last few weeks price has been moving heavily lower and has broken through two important swing points and support levels as the daily …
Can the USDCHF Breakout and Importantly HOLD Out? | 26th Nov 2015
The USDCHF is as I am writing this making an attempt to try and breakout higher through a major daily resistance level. As you can see from the zoomed out chart below; this level is a major daily resistance level that price has respected in the past. Price over the last week has made two attempts …
AUDCHF Fires Off Price Action Inside Bar on Daily Chart | 24th Nov 2015
Price on the AUDCHF has fired off an inside bar = IB that is sitting just above a major support level on the daily price action chart. This inside bar is rejecting almost to the pip the daily price flip level. As you can see on both charts below; the low of the inside bar is testing the high of the …
