Price on the AUDUSD has now fallen lower and into a key daily support level. This level had previously acted as a key resistance and price had struggled to break through, but once price burst through and moved higher it started acting as a price flip point and is now looking to act as a new key …
Price Action Charts in Focus
EURAUD Daily Price Action Bearish Engulfing Bar | 25th Sep 2013
The EURAUD has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is rejecting the recent resistance, however it is not up and at a swing high like we would like and it is not sticking out and away from all other price like the best engulfing bars should do. Because of …
USDCAD Fires Off Pin Bar Reversal | 24th Sep 2013
The USDCAD has fired off a pin bar reversal on the weekly price action chart that is rejecting the near term support level. This pin bar is down at a swing low and in-line with the recent weekly up-trend, with price making higher highs and higher lows on the weekly chart in recent times. If price …
