Submitted Dec 27, 2019|From dailypriceaction.com|6 comments

The EURUSD is on the move today after testing the 1.1070 support area. We’ve discussed this range between 1.1070 and 1.1170 for weeks. The former hasn’t always been perfect (the price action in early December, for example), but it has undoubtedly ...

Submitted Dec 26, 2019|From dailypriceaction.com

The XAUUSD (gold) is playing out nicely so far. I’ve discussed the falling wedge below several times, including the December 17th commentary. I also pointed it out in the most recent weekly Forex forecast on the 21st. If you watched that forecast ...

Submitted Dec 23, 2019|From dailypriceaction.com

The last time I discussed GBPJPY was on November 29th. At the time, the pair was testing the top of a horizontal range that hinted at another leg higher. Here’s what I wrote: Although the intermediate trend here is still pointed lower, the pair has ...

Submitted Dec 19, 2019|From dailypriceaction.com

XAUUSD buyers haven’t done it quite yet, but they’re getting close. I discussed the potential for a bullish move from gold in Saturday’s Forex forecast video and again on Tuesday. The idea hinges on the 1480 confluence of resistance. Buyers need to ...

Submitted Dec 18, 2019|From dailypriceaction.com

EURCAD has been choppy and indecisive for several months. The pair has managed to move just 350 pips since carving the year-to-date low on October 1. Notice all the back and forth price action since that time. That indecision has made the EURCAD a ...

Submitted Dec 17, 2019|From dailypriceaction.com

Is gold preparing for a break higher? Maybe, but XAUUSD bulls still need to do som If you watched that video, you know about the falling wedge pattern. The upper level extends from the year-to-date high while support starts with the August 13 low. ...

Submitted Dec 17, 2019|From dailypriceaction.com|13 comments

On Saturday, I made a video that included the GBPUSD and the effect Friday’s sub 1.3340 close could have on the pair. I stated that Friday’s close means 1.3340 is still intact as resistance and could, therefore, attract sellers this week. Notice how ...

Submitted Dec 16, 2019|From dailypriceaction.com|7 comments

The EURUSD sold off from a key resistance area on Friday. We discussed this on Friday and I also pointed it out in Saturday’s Forex forecast video. However, I think traders need to be careful here. A long upper wick like the one that developed on ...

Submitted Dec 12, 2019|From dailypriceaction.com

NZDUSD buyers have been relentless since the December 2nd breakout. We were anticipating that break given the potential inverse head and shoulders I’ve discussed several times on this site. Furthermore, notice how the price action in late November ...

Submitted Dec 9, 2019|From dailypriceaction.com

The AUDJPY looks set to break lower this week. I pointed out the rising wedge pattern you see below on November 23 and again in the most recent Forex forecast video. Since I first discussed the pair on the 23rd, the pair has been locked in a ...

Submitted Dec 5, 2019|From dailypriceaction.com

The NZDUSD has reached the top of a pattern I pointed out to Daily Price Action members on Monday. But before we get to that, I want to recap some of the recent price action. Shortly after bottoming around 0.6200, the NZDUSD started to look ...

Submitted Dec 4, 2019|From dailypriceaction.com

The AUDUSD may be gearing for a bullish breakout of its own. So far this week, we’ve seen several major currency pairs push higher. That includes the EURUSD from the confluence of support at 1.0990 that I’ve mentioned several times, including in ...

Submitted Dec 2, 2019|From dailypriceaction.com

The EURUSD confirmed my suspicions on Monday. I’ve written about the 1.0990 support region for several weeks. I also pointed out how 1.0990 is actually a confluence of support in Saturday’s Forex forecast video. As such, I stated that I was not ...

Submitted Dec 2, 2019|From dailypriceaction.com

I’ve been discussing the potential for a stronger NZDUSD since October. We’ve had several rallies since that time, but the pair was never able to breach the 0.6430/40 resistance area on a daily closing basis. That’s the region buyers needed to clear ...

Submitted Nov 30, 2019|From dailypriceaction.com|4 comments

In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, NZDUSD, AUDCAD, and XAUUSD through December 6, 2019. It’s a confluence of support based on the intersection of a key horizontal level and ascending channel ...

Submitted Nov 29, 2019|From dailypriceaction.com

The GBPJPY hasn’t done much since the pound’s explosive October rally. In fact, the risk-sensitive pair has only managed a 250 pip horizontal range since October 16. This consolidation began following an October rally that took the GBPJPY higher by ...

Submitted Nov 27, 2019|From dailypriceaction.com

The NZDUSD remains capped below the 0.6430/40 resistance area. I’ve pointed out this region several times as one that buyers need to clear on a daily closing basis to send the pair higher. But one thing catches my eye about the recent price action. ...

Submitted Nov 26, 2019|From dailypriceaction.com

The EURUSD has a decision to make. I’ve discussed the significance of the confluence of support at 1.0990 for several weeks now. It’s a key horizontal level based on the lows and highs since September. The 1.0990 area is also the bottom of an ...

Submitted Nov 23, 2019|From dailypriceaction.com|3 comments

In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, USDJPY, AUDJPY, and AUDCAD through November 29, 2019. Watch the video below, and be sure to scroll down for more commentary and annotated charts. video ...

Submitted Nov 19, 2019|From dailypriceaction.com

video NZDUSD buyers are refusing to back down this week. I first wrote about the possible inverse head and shoulders on October 31. We also looked at the pattern again in Saturday’s forecast video. More specifically, I pointed out how the ...