Submitted May 27, 2023|From dailypriceaction.com|1 comment

Today I’m going to show you exactly how I’m trading the dollar, EURUSD, GBPUSD, USDCAD, and XAUUSD next week. We’ve had some incredible moves from pairs like EURUSD and USDCAD recently, so I’ll show you what I’m watching now. I’ll also share some ...

Submitted May 26, 2023|From dailypriceaction.com

On Thursday, I wrote how the next move from Bitcoin hinged on $26,500. That’s been a key horizontal level since mid-March. Wednesday closed below the level, and BTC bulls tried to reclaim it on Thursday but failed. However, Friday’s session looks ...

Submitted May 25, 2023|From dailypriceaction.com

Bitcoin closed below $26,500 on Wednesday for the first time since mid-March. The level had served as key support for months before Wednesday’s breakdown. However, the jury is out on whether that breakdown holds. Bitcoin is testing the $26,500 level ...

Submitted May 24, 2023|From dailypriceaction.com

AUDUSD is breaking down from a range that’s been intact since early March. It’s been an incredible 200-pip range to trade for those who took advantage of it. However, if today’s session closes below 0.6580, it will mark the lowest daily close for ...

Submitted May 23, 2023|From dailypriceaction.com

On May 11th, I wrote about a potentially significant breakdown from EURUSD. The pair broke channel support from last September, a level I’ve mentioned several times in recent months. The target following that breakdown was the 1.0760 area, which was ...

Submitted May 22, 2023|From dailypriceaction.com|2 comments

USDCAD has remained range-bound since late last year. However, despite the indecision, the pair’s higher time frame technicals couldn’t be cleaner. This is especially true from the weekly time frame. Notice how USDCAD has moved within a massive ...

Submitted May 18, 2023|From dailypriceaction.com

Bitcoin is once again testing the $26,560 key horizontal support after getting rejected from the mid-March trend line at $27,500. You’re very familiar with both levels if you follow me on Twitter. The $27,500 area was our target on a long following ...

Submitted Apr 28, 2023|From dailypriceaction.com

The USDJPY is breaking out today within the ascending channel I mentioned April 6th. Despite some back and forth price action below 135.00 recently, the uptrend that began in late March has remained intact. As long as that’s the case, I favor buying ...

Submitted Apr 27, 2023|From dailypriceaction.com

On April 15th, I wrote about a fakeout from XAUUSD that could send it lower. The breakdown from that August trend line has held, but gold hasn’t really done much since then either. However, that might be about to change. Gold is testing the March ...

Submitted Apr 24, 2023|From dailypriceaction.com

AUDJPY broke above the 90.20 area last week, closing a few days above that mark. However, bulls failed to hold the level as support on Friday. That gives us a failed level to watch this week. A failure to one side of a pattern or range usually ...

Submitted Apr 23, 2023|From dailypriceaction.com

video Today’s weekly forex forecast covers the DXY, EURUSD, GBPUSD, USDCAD, and XAUUSD. We didn’t get many clues from the dollar last week, but USDCAD may have confirmed a second long opportunity on Friday. Gold also closed marginally below a key ...

Submitted Apr 20, 2023|From dailypriceaction.com

Ethereum is trading back below the $2,030 August high this week, suggesting a bearish deviation that could push the market lower. You can see how this $2,000 area is also the top of an ascending channel from December. This week’s drop puts ETH back ...

Submitted Apr 20, 2023|From dailypriceaction.com|1 comment

The EURUSD has entered a period of consolidation this week after Friday’s fakeout above 1.1030. We saw some initial follow-through from sellers on Monday, but the close above 1.0930 kept the level intact as support. So, for now, EURUSD is trapped ...

Submitted Apr 19, 2023|From dailypriceaction.com

I mentioned gold (XAUUSD) in Saturday’s Weekly Forex Forecast. The idea was that we could see weakness this week, given Friday’s close back below the August trend line. However, the $1,990 support level is crucial to any bearish bias. So far this ...

Submitted Apr 17, 2023|From dailypriceaction.com

The EURUSD is down 70 pips today after losing a significant area on Friday. I mentioned this in Saturday’s Weekly Forex Forecast. I also discussed how the US Dollar Index (DXY) looked very similar to the January/February bottom, given Friday’s ...

Submitted Apr 16, 2023|From dailypriceaction.com|1 comment

Today’s weekly forex forecast covers the DXY, EURUSD, GBPUSD, USDJPY, and XAUUSD. Friday’s session offered another big move from the dollar, so it’ll be up to Monday to confirm or negate things for pairs like EURUSD and GBPUSD. We also have a ...

Submitted Apr 15, 2023|From dailypriceaction.com

Bitcoin rallied during the Asia session, moving above the short-term range between $29,800 and $30,500. However, that rally failed once New York woke up, which is often the case with Asia-session pumps. The 4-hour close back below $30,500 confirms ...

Submitted Apr 12, 2023|From dailypriceaction.com

The US Dollar Index (DXY) is sliding today following the Consumer Price Index (CPI) numbers out of the US. Shortly after the numbers were released, the dollar index plunged into the 101.50 macro support area. And while it may be tempting to get ...

Submitted Apr 11, 2023|From dailypriceaction.com

Last week I wrote about a possible USDJPY long opportunity. I discussed it again in Saturday’s Weekly Forex Forecast. And as always, Daily Price Action members got the early heads up of the bullish potential when USDJPY was trading at 130.93 last ...

Submitted Apr 9, 2023|From dailypriceaction.com

Today’s weekly forex forecast covers the DXY, EURUSD, GBPUSD, USDJPY, and USDCAD. video The US Dollar Index (DXY) bounced from macro support last week and is attempting a bullish reclaim while pairs like EURUSD and GBPUSD look closer to a ...