Last week the EURUSD formed a Bullish Engulfing Bar (BUEB) at an extreme low. From this BUEB price has broken higher and moved into resistance. This is the second time in the last week that price has tested this key resistance. What price does from here is crucial to where price may go in the …
Price Action Charts in Focus
AUDUSD Moving Higher
The Australian dollar gapped higher at the open of yesterdays session. This was a very aggressive gap that managed to be closed during the US session. Price moved lower closed this gap and then rejected and moved much higher to finish well of the sessions lows. The next resistance level comes in …
NZDUSD Creeping Closer to Long Term Resistance
The bulls have been in strong control of the NZDUSD price in recent times. Price has been roaring higher without taking a breather at all. As we know no market can go straight up or straight down and corrections in the way of retraces back to value areas have to occur at some point. Because of …