The NZDJPY has formed a bullish engulfing bar (BUEB) on the daily price action chart. This BUEB is rejecting a support area and has closed in the upper 1/3 of the engulfing bar. This market is in sideways action at the moment like a lot of Forex pairs with price not in a clear trend either …
AUDUSD Engulfing Bar Break Out
The AUDUSD has broken out of the strong ranging box it has been in the the past few weeks with price in the last two daily sessions breaking out through the support and moving lower. We can see this pair like so many other Forex pairs right across the market lately has been in a tight range and …
EURAUD Price Action Kill Zone
The EURAUD has finally broken out on the daily chart after weeks of being held in a consolidation box. Before this boxing, price had been in a very strong up-trend with price making higher highs and higher lows. Price will more often than not break out in the direction that price was trend in before …
