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. …
Price Action Charts in Focus
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 …
USDCAD Firing Off Bearish Price Action Signals
The USDCAD has fired off two bearish price action signals on the daily chart right at a key resistance level that could be hinting at a move lower over the coming sessions if price can make a break lower. The first signal is a bearish engulfing bar (BEEB) which are often seen as large commanding …