Gold has fired off a bearish engulfing bar on the daily price action chart at the resistance chart for this market. This is not the largest or most commanding engulfing bar that has ever been, but it is a valid engulfing bar all the same that has a higher high and lower low than the previous …
Price Action Charts in Focus
USDCHF Bearish Inside Bar
The USDCHF has formed an inside bar on the daily chart. This inside bar is rejecting a key daily resistance area and has closed well lower, ending in a bearish rejection candle. An inside bar is a two candle formation. The first candle is the housing candle. The second candle is the inside candle. …
EURUSD Contained Under Price Action Level
The EURUSD is being contained under the round number and proven resistance level of 1.3200 on the daily chart. Price in the recent daily session has moved up to test this resistance and round number level and failed to move through with price closing back below showing that price at this stage is …
