The AUDUSD has formed a Bullish Engulfing Bar (BUEB) on the daily chart. This BUEB is against the short term trend, but has formed sitting on a solid support level. If price can break higher price may move into the next resistance. If however price moves lower we would look for the downtrend to …
EURCAD Price Action
The past week on the EURCAD has seen price move very slowly with not too much happening. Price is sitting underneath resistance and is also struggling to move lower. Price formed a 2 Bar Reversal last week which indicated lower prices may be on the horizon. Since then price has also formed a …
Gold Breaks Higher
Gold has finally broken higher and in doing so broken out of the tight range it was trading in. On the 4hr chart we can see a very strong Bullish Engulfing Bar (BUEB) that smashed through resistance. This old resistance area could now act as a new solid support area should price retrace lower. …
