Submitted Apr 7, 2023|From dailypriceaction.com

The EURUSD may have given us the second bearish fakeout at 1.0930 this year. On February 1st, the euro closed above 1.0930 after holding below it for a week. However, the pair closed back below the key level on the very next candle. That confirmed a ...

Submitted Apr 7, 2023|From dailypriceaction.com

Bitcoin continued sideways today in what feels like never-ending consolidation. The sideways price action began around March 18th and hasn’t let up since. But that could change with non-farm payroll (NFP) on Friday. Of course, there’s no guarantee ...

Submitted Apr 6, 2023|From dailypriceaction.com

Last week I wrote about an ascending channel that has developed on the USDJPY chart for the last few months. Channel support intersected with the 130.70 key horizontal this week, where the pair is catching a bid so far. I mentioned to Daily Price ...

Submitted Apr 5, 2023|From dailypriceaction.com|1 comment

The Australian dollar has performed beautifully so far this week. I mentioned this ascending channel on March 28th and again in Saturday’s weekly forex forecast, which AUDUSD is so far respecting perfectly. If we contextualize this channel with the ...

Submitted Apr 4, 2023|From dailypriceaction.com

Bitcoin is coiling for a potentially explosive move in the coming days. BTC is nearing the apex of a triangle that’s been developing for the last week. And while the crypto market remains locked in a sideways range, there’s still a $2,200 range to ...

Submitted Apr 4, 2023|From dailypriceaction.com

GBPUSD is breaking above the 1.2450 range highs I’ve discussed for months. The range between 1.1915 support and 1.2450 resistance has been a key factor for the pound since November. We saw sellers break the range lows on March 7th, but that resulted ...

Submitted Apr 3, 2023|From youtube.com/justinbennettfx

Today’s weekly crypto forecast covers the DXY, SPX, BTC, and ETH. The DXY is weighing heavily on key support today, while the S&P 500 is continuing its bullish advance but is approaching critical monthly resistance. Meanwhile, BTC and ETH remain ...

Submitted Apr 3, 2023|From dailypriceaction.com

The EURUSD carved a bearish engulfing candle on Friday, something I discussed in Saturday’s weekly forecast video. However, I also mentioned how Friday moves can be deceiving, especially during the last day of the quarter. That’s why the next 24-48 ...

Submitted Mar 31, 2023|From dailypriceaction.com

Ethereum tested the $1,840 range resistance on Friday for the sixth time in two weeks. We also saw the S&P 500 (SPX500) rally over 1% on Friday to close the month above a critical area between 4,070 and 4,090. That could be significant for ETH, as ...

Submitted Mar 30, 2023|From dailypriceaction.com

Bitcoin liquidated a few shorts overnight with a spike above the $28,900 macro resistance. However, it didn’t stay there long and is once again back in the middle of this range. Despite the choppy price action for the last two weeks, BTC has carved ...

Submitted Mar 29, 2023|From dailypriceaction.com

The crypto market remains sideways even after the rally between Tuesday and Wednesday. And Ethereum is no exception. We’ve seen ETH trade below $1,840 since testing it on the 18th, and we have similarly strong support at $1,715. We also saw Ethereum ...

Submitted Mar 29, 2023|From dailypriceaction.com|2 comments

I’ve written about the US Dollar Index (DXY) 102.50/60 area a few times this month. It’s a key horizontal, the golden pocket, and the bottom of a short-term descending channel. We saw the DXY defend 102.50 last week with a bullish pin bar on ...

Submitted Mar 28, 2023|From dailypriceaction.com

Bitcoin remains sideways after Monday’s $26,500 retest, a theme that’s plagued the market since the 18th. The critical level to open up downside targets remains $26,500. A daily close below exposes the August 2021 to February 2023 range highs at ...

Submitted Mar 27, 2023|From dailypriceaction.com

Today’s weekly crypto forecast covers the DXY, SPX, TOTAL, BTC, and ETH. DXY and SPX are consolidating ahead of what could be significant moves this week. Meanwhile, we finally have some minor breakdowns to discuss in the crypto market. DXY spent ...

Submitted Mar 26, 2023|From dailypriceaction.com

Today’s weekly forex forecast covers the DXY, EURUSD, GBPUSD, USDCAD, and EURJPY. The US Dollar Index (DXY) carved out a massive bullish reclaim last week, while the EURUSD approaches channel support from October. We also have a potential 900-pip ...

Submitted Mar 25, 2023|From dailypriceaction.com|1 comment

I’ve discussed USDCAD a lot in recent months. First, we caught the bounce from 1.3300 support in early February. Then came the breakout from the October trend line on February 22nd, something we discussed at length in the Discord group. There was ...

Submitted Mar 25, 2023|From dailypriceaction.com

Bitcoin continued its sideways indecision today, a theme that began last Friday. That means this week has yet to make progress in either direction. The level capping further upside remains the $28,920 macro resistance. I wrote about the $29,000 area ...

Submitted Mar 23, 2023|From dailypriceaction.com

The crypto market has entered a period of indecision, and Ethereum is no exception. Since the 17th, ETH has managed a $150 range with alternating red and green days. You want to avoid this type of price action at all costs. Even the September 2021 ...

Submitted Mar 22, 2023|From dailypriceaction.com

Bitcoin tested the $28,900 macro resistance during Wednesday’s FOMC volatility, a level I pointed out in Tuesday’s blog post. In fact, it’s the same resistance area I’ve had my eye on for weeks. BTC is also breaking below the 1-hour ascending ...

Submitted Mar 21, 2023|From dailypriceaction.com

Bitcoin has been mostly sideways since Friday as traders hold their breath for Wednesday’s Fed rate decision and press conference. Last week, I wrote about the $28,000-$29,000 BTC resistance area. It coincides with the $1.18T range resistance on ...