The EURGBP has formed a Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is in-line with the most recent down move on the daily chart. The weekly chart of this pair also shows a bearish signal in the way of a BEEB. If price can manage to break lower the near term support comes in …
Price Action Charts in Focus
AUDNZD Grinding
The AUDNZD has ground to a halt with price being contained in a small range and unable to break higher or lower. The Daily chart of this pair formed a Bearish Pin Bar Reversal however we have seen little follow through with price stalling at support. This Pin Bar was not the best signal for price …
USDJPY Break Out
The USDJPY has recently broken out of the tight range it had been trading in. Price had been struggling along at recent lows, being contained by the range high and low. Price has now broken out higher and begun a new trend. The best play in recent times has been to sit and wait for the market to …
