The US Dollar index (a measure of the value of the United States dollar relative to a basket of foreign currencies) has during the previous session roared higher to reach a new high for the year, before then producing a 4hr pin bar. This pin bar on the 4hr chart was clearly rejecting higher prices …
Price Action Charts in Focus
Silver Collapses Into Key Daily Support Level | 6th Aug 2014
Silver has crashed lower and into a daily key support level with price as I write this blog post testing the level on the daily and four hour charts to see if it can hold above or break below. This level could prove crucial for where price moves in the coming days and weeks for this market because …
Large Engulfing Bar Printed After Inside Bar on Gold | 6th Jun 2014
Price on the daily price action chart of Gold/USD ( Symbol XAUUSD) has printed a large Bullish Engulfing Bar (BUEB) that is rejecting a key support level. This BUEB is engulfing an inside bar that had also formed when price moved lower and stalled at the daily support level after a large move …
