Price on the daily price action chart of the USDSGD has begun winding up tighter and tighter after forming a Bearish Engulfing Bar (BEEB). The BEEB is rejecting a key daily resistance that has been a proven level on both the short and longer term. Price has been unable to break the BEEB low and make …
Price Action Charts in Focus
EURJPY Resumes Roaring Up-Trend – How to Play This Move? | 11 Dec 2013
A few of the JPY pairs such as the USDJPY, GBPJPY, CHFJPY and especially the EURJPY have continued the roaring up-trend we witnessed and I discussed a lot about at the start of this year. The best and most obvious trend on the daily charts for traders of 2013 has been without a doubt been on the JPY …
USDCAD Daily Engulfing Bar Send Price Closer to Key Support Level | 12 Dec 2013
A counter trend bearish engulfing bar on the daily price action chart of the USDCAD that was rejecting a longer term resistance has sent price lower and close to the key support level. The Bearish Engulfing Bar had a large wick that was clearly rejecting higher prices with price managing to close …
