The CADJPY has fired off a 2 bar reversal on the daily price action chart. If price breaks and confirms this 2 bar reversal it would not surprise to see price gain momentum and move higher back into the recent daily key level around the Round Number (RN) of 94.00. This round number has been a …
Price Action Charts in Focus
US Dollar Index Reaches High For Year Before 4hr Pin Bar | 7th Aug 14
The US Dollar index (a measure of the value of the United States dollar relative to a basket of foreign currencies) has during the previous session roared higher to reach a new high for the year, before then producing a 4hr pin bar. This pin bar on the 4hr chart was clearly rejecting higher prices …
Silver Collapses Into Key Daily Support Level | 6th Aug 2014
Silver has crashed lower and into a daily key support level with price as I write this blog post testing the level on the daily and four hour charts to see if it can hold above or break below. This level could prove crucial for where price moves in the coming days and weeks for this market because …
