Submitted Nov 17, 2020|From dailypriceaction.com

I’ve been talking about VETUSD since June 26th. VET, the native token of the VeChainThor blockchain, is a cryptocurrency with tremendous potential as cryptos enter a new cyclical bull market. We saw some of that potential unfold between May and July ...

Submitted Nov 16, 2020|From dailypriceaction.com

On October 13th, I wrote about a descending channel on silver (XAGUSD). Due to the recent uptrend that began following the March selloff, this channel looks to be a bull flag. In other words, a close above resistance could trigger a trend ...

Submitted Nov 13, 2020|From dailypriceaction.com|6 comments

NZDUSD is on its way to my 2021 target of 0.7500. That may sound outlandish, but nobody expected the pair to be up 1,300 pips following the March selloff, either. The false break below a multi-year trend line earlier this year and subsequent bullish ...

Submitted Nov 12, 2020|From dailypriceaction.com

I wrote about the potential for GBPNZD to trend lower on October 26th. We were watching how the pair reacted to the bottom of a long-standing ascending channel. One thing I mentioned is that GBPNZD needs to close below support to open up downside ...

Submitted Nov 11, 2020|From dailypriceaction.com

On June 4th, I wrote about the massive upside potential that Ethereum (ETH) possesses. At the time, the cryptocurrency was trading at $240. Given today’s price of $462, those who invested then are enjoying a 92% gain. I should note that I was buying ...

Submitted Nov 10, 2020|From dailypriceaction.com

On November 3rd, I discussed how AUDUSD was breaking through a key resistance level. The level in question was a trend line that extends from the year-to-date high. AUDUSD cleared that level on November 3rd. After a 160 pip rally, where is AUDUSD ...

Submitted Nov 7, 2020|From dailypriceaction.com|6 comments

In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, USDJPY, NZDUSD, and XAUUSD through November 13, 2020. Watch the video below, and be sure to scroll down to see the charts and key levels for the week ahead. ...

Submitted Nov 6, 2020|From dailypriceaction.com|13 comments

The EURUSD has gained 240 pips this week. The pair is also in the process of carving a bullish engulfing week. It will be especially bullish if the euro can close today above last week’s high at 1.1859. Such a close would also confirm the breakout ...

Submitted Nov 4, 2020|From dailypriceaction.com

XAUUSD (gold) is pushing higher this week after consolidating since early August. Despite the aggressiveness of that move lower from 2075, I’ve continued to like XAUUSD higher over the long term. As I mentioned in last weekend’s forex forecast, this ...

Submitted Nov 3, 2020|From dailypriceaction.com|2 comments

The AUDUSD is testing is testing a trend line I first mentioned on October 11th. The level extends from the year-to-date high and has rejected the pair on several occasions. I also talked about the 0.7020 support over the weekend. Notice how AUDUSD ...

Submitted Nov 2, 2020|From dailypriceaction.com|2 comments

The USDJPY is hovering above a critical support level ahead of the US elections this week. I’ve discussed the significance of the 104.20 support area a few times in recent weeks. We also caught the recent breakdown from a small rising wedge on ...

Submitted Oct 31, 2020|From dailypriceaction.com|4 comments

In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, AUDUSD, XAUUSD, and ETHBTC through November 6, 2020. EURUSD sold off aggressively last week after failing to test the 1.1950 region. This was always a ...

Submitted Oct 30, 2020|From dailypriceaction.com

Both Bitcoin and Ethereum are up huge since I first wrote about them in May and June, respectively. Bitcoin was trading at $8,828, which marks a 50% gain so far, and Ethereum was $243, or a 56% gain as of today’s price. I was telling DPA members ...

Submitted Oct 29, 2020|From dailypriceaction.com|1 comment

The AUDUSD is at risk of breaking lower. I mentioned the trend line below a couple of times in recent weeks. Buyers failed to close the pair above it, which means the 0.7030 horizontal support level is under pressure once again. But buyers may not ...

Submitted Oct 29, 2020|From dailypriceaction.com

The GBPUSD is heading toward a critical support level. I’ve mentioned the May trend line a few times in recent weeks. It’s the one level that has kept this uptrend intact. That means it’s the one level that, if broken, could send the GBPUSD lower. ...

Submitted Oct 27, 2020|From dailypriceaction.com|1 comment

NZDUSD has been locked in a range since July. The 280 pip range comes following a false break back in March. The New Zealand dollar is also holding above a multi-year trend line from the 2014 high. All of this is bullish for the NZDUSD. However, one ...

Submitted Oct 26, 2020|From dailypriceaction.com|1 comment

On March 18th, I wrote about an ascending channel on GBPNZD. The pair was trading at 2.0300 at the time and was breaking down from a channel that extends from the July 2019 lows. That breakdown led to a 1,300 pip selloff. For the last 14 weeks, ...

Submitted Oct 25, 2020|From dailypriceaction.com|2 comments

The EURUSD gained a decent amount last week after a slight pullback the week before. If you saw Wednesday’s video, you know that I managed to get long here. As I mentioned in that video, I liked the idea of the 1.1815 area becoming new support. ...

Submitted Oct 23, 2020|From dailypriceaction.com|2 comments

EURAUD is testing a critical level as new support today. I wrote about the potential for a breakout above 1.6570 on October 16th. I was looking for a daily close above that level to confirm the breakout and get long. As I mentioned to DPA members ...

Submitted Oct 22, 2020|From dailypriceaction.com

I first wrote about VeChain’s token VET on June 26th. At the time, it was trading around $0.0088. Shortly after that post, VETUSD went on a 150% run. What’s noteworthy about that rally is that it took just eight days. However, since topping out in ...