Submitted Mar 10, 2021|From dailypriceaction.com

The EURUSD is at a crossroads. On the one hand, last week’s aggressive selloff combined with Monday’s close below 1.1900 looks bearish. And on the other, the EURUSD appears to have closed back inside a descending channel shown below. The pair did ...

Submitted Mar 9, 2021|From dailypriceaction.com

Last week, I mentioned the significance of the $1,680 area for gold (XAUUSD) several times. I also talked about it in last weekend’s forecast video. The $1,680 region has been a key horizontal level for XAUUSD since February of last year. It’s also ...

Submitted Mar 6, 2021|From dailypriceaction.com

Last weekend, I discussed a potential short opportunity on EURUSD. I didn’t personally take the trade due to the market’s indecisiveness over the last few weeks. Those who did short EURUSD made out exceptionally well this week. Notice how the EURUSD ...

Submitted Mar 4, 2021|From dailypriceaction.com

On February 5th, I wrote about a potential GBPJPY buying opportunity. The pair was breaking free from a multi-year level, and the uptrend was gaining momentum. At the time, GBPJPY was trading at 144.73. Fast forward to today, and the market is 580 ...

Submitted Feb 19, 2021|From dailypriceaction.com|1 comment

The EURUSD has been a challenging pair to figure out this month. At first, it looked like the euro was respecting a trend line from the May 2020 lows. However, the last few days have shown that that trend line may not be so significant after all. ...

Submitted Feb 15, 2021|From dailypriceaction.com

On February 5th, I wrote about a GBPJPY bullish breakout. The pair broke out from a multi-year trend line that hinted at a move toward 148.00, followed by the 150.00 region. As you can see, GBPJPY was breaking out from a trend line that extends from ...

Submitted Feb 7, 2021|From dailypriceaction.com

In this weekly market forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, AUDUSD, BTCUSD, and ETHUSD through February 12, 2021. video The EURUSD may have confirmed a false break last week. I told Daily Price Action members ...

Submitted Feb 5, 2021|From dailypriceaction.com|4 comments

I haven’t discussed GBPJPY for some time. One reason for my silence is that the pair has been sideways since 2016. We’ve caught a few decent trades since then, but ultimately, GBPJPY has lacked momentum. That said, the yen cross is breaking out of ...

Submitted Jan 29, 2021|From dailypriceaction.com

In my opinion, silver (XAGUSD) has been a strong buy since June. That’s when I first mentioned the asymmetric risk to reward ratio. Shortly after that post, XAGUSD ran from $18 to $30 in a matter of weeks. But since topping out in August, silver has ...

Submitted Jan 25, 2021|From dailypriceaction.com

The NZDUSD could be on the verge of a break higher. The pair has been trending higher since March 2020 and looks determined to continue in 2021. Many of you will remember the market’s July 2020 breakout. After closing below wedge support last March, ...

Submitted Jan 19, 2021|From dailypriceaction.com|1 comment

I first wrote about Ethereum (ETH) on June 4th, 2020. At the time, the cryptocurrency was trading at $243. I also told Daily Price Action members that I was buying ETH in May of last year when it was just above $200. Fast forward to today, and those ...

Submitted Jan 18, 2021|From dailypriceaction.com

I usually write to you as a trader, but I want to take a different approach today. As Daily Price Action members know, I’ve liked XAUUSD higher since April 2020 when it was trading near $1,600. And my bullish gold bias hasn’t changed. But instead of ...

Submitted Jan 17, 2021|From dailypriceaction.com

video EURUSD broke below a key level last week at 1.2150. I mentioned how this was a possibility in Tuesday’s commentary. Friday’s breakdown opens the door to the confluence of support at 1.2000. That’s the intersection of former range resistance ...

Submitted Jan 15, 2021|From dailypriceaction.com

To say ETH (Ethereum) has performed well for us would be a massive understatement. Ethereum was trading at $243 when I first mentioned it on this site. That’s also when I was buying ETH. Fast forward to today, and the cryptocurrency is trading at ...

Submitted Jan 14, 2021|From dailypriceaction.com|1 comment

The AUDUSD has been trending higher since March 2020. And this latest leg started in late October and early November when AUDUSD broke out from 0.70 support. As I’ve said for weeks, the Australian dollar looks determined to reach 0.8100 this year. ...

Submitted Jan 8, 2021|From dailypriceaction.com

The GBPUSD continues its breakout above the 1.3480 area. I’ve discussed this region for the last few weeks. As I mentioned recently, the pair has respected 1.3480 on a weekly closing basis. That meant we needed a weekly close above the level to ...

Submitted Jan 7, 2021|From dailypriceaction.com|1 comment

The USDJPY broke below a critical support level a few weeks ago. I wrote about the 103.60 area on December 9th. A few days later, USDJPY bears cleared that level following the December 18th weekly close. However, the pair is still holding above a ...

Submitted Jan 6, 2021|From dailypriceaction.com

On October 26th, I wrote about a potentially bearish scenario for GBPNZD. In fact, I’ve been talking about shorting the pair since March of last year. I was also getting short in late October, which I announced to members on the Daily Price Action ...

Submitted Jan 5, 2021|From dailypriceaction.com

The EURUSD has had a heck of a run since last July. That’s when I was buying the euro as it broke free from consolidation. However, things calmed down quite a bit between August and November. That’s when the EURUSD was ranging between 1.1615 support ...

Submitted Jan 4, 2021|From dailypriceaction.com|1 comment

I’ve discussed the gold (XAUUSD) bullish scenario for months. I first wrote about it on this blog on October 19th. And since September, I’ve said that XAUUSD may need to revisit the $1,790 area before moving higher. It’s a level that was critical ...