- Search Energy EXCH
- 1,308 Results (1,282 Stories, 26 Comments)
- Submitted Jul 16, 2020|From dailypriceaction.com|18 comments
The EURGBP hasn’t done much in the last few weeks. At least in terms of quality swing trading opportunities. However, last week’s break below trend line support and subsequent close back above it looks interesting. Notice how EURGBP closed below the ...
- Submitted Jul 15, 2020|From dailypriceaction.com|1 comment
On June 29th, I wrote about a EURUSD channel. The descending nature of the channel, along with the recent uptrend, suggested it could act like a bull flag pattern. In other words, it hinted at a bullish continuation. On July 6th, EURUSD closed above ...
- Submitted Jul 13, 2020|From dailypriceaction.com
The last time I wrote about XAGUSD (silver), the metal was breaking out of a wedge pattern on the daily time frame near $18. It was a pattern that was incredibly similar to the one that developed a few weeks before at $15. Following that breakout, ...
- Submitted Jul 12, 2020|From dailypriceaction.com
The EURUSD broke out of a descending channel resistance. However, so far, buyers have been unsuccessful in pushing the price above the 1.1350 resistance level. So, although the euro is holding above the 1.1230 support area, momentum is lacking. As ...
- Submitted Jul 8, 2020|From dailypriceaction.com
On Sunday, I stated that a close above 1.2530 for GBPUSD would signal strength. The 1.2530 area was responsible for rejecting buyers in late June and again on July 2nd. It was also support before that during the first half of June. Notice how ...
- Submitted Jul 7, 2020|From dailypriceaction.com
In case you didn’t notice, VETUSD (VeChain) had a breakout weekend and is up 85% in the last seven days alone. And if I measure from the breakout of the wedge pattern I wrote about on July 1st, VETUSD gained 90% in just five days. image I first ...
- Submitted Jul 6, 2020|From dailypriceaction.com
EURUSD is following the storyline I wrote about on June 29th. In fact, I first mentioned the possibility of a descending channel in the June 28th weekly forecast. Given the rally between May and early June, this descending channel looked like a bull ...
- Submitted Jul 5, 2020|From dailypriceaction.com|1 comment
The EURUSD looks primed for a breakout. I mentioned this descending channel in last week’s forecast video. Given the rally in late-May and early June, this channel could very well be a bull flag that sends EURUSD higher. However, as I wrote last ...
- Submitted Jul 2, 2020|From dailypriceaction.com
On Monday, we looked at a descending channel on EURUSD that was likely to send the pair higher. However, buyers still had work to do. The euro was trading in the middle of that channel, and it was unclear whether we’d get a retest of channel ...
- Submitted Jul 1, 2020|From dailypriceaction.com
It’s official, the NZDUSD breakdown in March was a false move. I talked about this possibility several times in June. In fact, I was waiting for June to close to determine whether the 0.6200 area would hold as resistance on a monthly closing basis. ...
- Submitted Jul 1, 2020|From dailypriceaction.com
I first wrote about VeChain (VET) on June 26th. VeChain is a blockchain-based platform for the supply chain industry that allows companies and customers to track and verify the authenticity of products. But they’ve since entered the healthcare ...
- Submitted Jun 30, 2020|From dailypriceaction.com
I’ve written about gold (XAUUSD) several times in recent weeks. The consolidation between 1680 support and 1750 resistance caught my attention, given the aggressive rebound in late March and through April. Combine the gold “snap-back” with an ...
- Submitted Jun 29, 2020|From dailypriceaction.com
The EURUSD is starting the week higher after respecting a key support area last week near 1.1170. If you saw my forecast video on June 20th, you know that 1.1170 was the bottom of an intraday falling wedge pattern. I discussed the structure in ...
- Submitted Jun 28, 2020|From dailypriceaction.com
The EURUSD gave up the 1.1230 support level last week after breaking above it on June 22nd. However, buyers managed to hold the euro above the falling wedge resistance I mentioned in last week’s forecast. That area comes in near 1.1200. The ...
- Submitted Jun 24, 2020|From dailypriceaction.com
CADJPY is sitting on a critical support level with just four trading days left in June. The level in question is 78.40. Why is that significant? If you saw my post on June 11th, you know that 78.40 is the location of a trend line that extends from ...
- Submitted Jun 23, 2020|From dailypriceaction.com
Last Thursday, I commented on the EURUSD stalemate around the 1.1230 area. I noted how the pair had broken below the 1.1230 handle, but I was skeptical about the potential for further losses. The reason for my skepticism was that a falling wedge had ...
- Submitted Jun 22, 2020|From dailypriceaction.com
Cryptocurrencies are a relatively new topic of discussion on this blog. It’s something I never talked about before this year. However, in early April, I decided to dig in and learn as much as I can. Like most, I was first attracted to Bitcoin as a ...
- Submitted Jun 18, 2020|From dailypriceaction.com
The EURUSD has bounced from 1.1230 support several times of late. I first mentioned this area on June 5th as the one that sellers had to break to expose lower levels. We’ve seen EURUSD dip below 1.1230 intraday on several occasions, but sellers have ...
- Submitted Jun 16, 2020|From dailypriceaction.com
XAUUSD (gold) continues to churn below key resistance. I wrote about the $1,740/50 area on June 9th. In my opinion, that’s the area buyers need to clear on a daily closing basis to send gold higher. If you’re new here, the “daily closing basis” ...
- Submitted Jun 15, 2020|From dailypriceaction.com
Alternatively, if we see the Australian dollar give up 0.6670 as support, I’ll be interested in shorting the pair for a move to 0.6460 and perhaps 0.6280. Keep an eye on the next two weeks in June, though. As I’ve mentioned with other pairs like ...