The USDCHF has moved lower after forming a bearish engulfing bar (BEEB) on the daily price action chart. This BEEB was covered live in this blog last week and you can view the original post HERE. After breaking the low of the BEEB price did not break straight down to the next support, but instead it …
Price Action Charts in Focus
USDCAD Pin Bar Reversal | 27th Aug 2013
The USDCAD has fired off a Pin Bar reversal on the daily chart. Price is ranging on the daily chart and not moving in any clear direction with no obvious key trend being able to be identified. Price has moved higher up to the high of the range to test the highs and this is when the bearish Pin Bar …
NZDJPY Breaks Key Price Action Level | 28th August 2013
Price on the NZDJPY daily chart has broken lower and through a key support level. This level has been tested and held as support in the past and has been shown to be a key level for this pair. Price has broken through this old support level could now act as a new price flip and new key resistance …
