Price on the daily chart of the EURAUD has broken through a key resistance level and closed above, signalling that price may have finally flipped from rejecting this level as a resistance to now looking to holding as a new support. As long as price continues to hold above this new support level, …
Price Action Charts in Focus
AUDUSD Moves into Near Term Daily Support Level | 27th Sep 2013
Price on the AUDUSD has now fallen lower and into a key daily support level. This level had previously acted as a key resistance and price had struggled to break through, but once price burst through and moved higher it started acting as a price flip point and is now looking to act as a new key …
EURAUD Daily Price Action Bearish Engulfing Bar | 25th Sep 2013
The EURAUD has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is rejecting the recent resistance, however it is not up and at a swing high like we would like and it is not sticking out and away from all other price like the best engulfing bars should do. Because of …
