The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is formed against the recent up-trend but is rejecting a longer term resistance. For this engulfing bar to have any chance of moving lower and into the near term support level, it will have to break the …
Price Action Charts in Focus
USDSGD Winding Up After Forming Bearish Engulfing Bar | 6th Dec 2013
Price on the daily price action chart of the USDSGD has begun winding up tighter and tighter after forming a Bearish Engulfing Bar (BEEB). The BEEB is rejecting a key daily resistance that has been a proven level on both the short and longer term. Price has been unable to break the BEEB low and make …
EURJPY Resumes Roaring Up-Trend – How to Play This Move? | 11 Dec 2013
A few of the JPY pairs such as the USDJPY, GBPJPY, CHFJPY and especially the EURJPY have continued the roaring up-trend we witnessed and I discussed a lot about at the start of this year. The best and most obvious trend on the daily charts for traders of 2013 has been without a doubt been on the JPY …
