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- Submitted Nov 18, 2019|From dailypriceaction.com
On November 13, I wrote about how an NZDCAD bullish scenario might unfold. In my opinion, it would have to start with a daily close above 0.8500. It’s a confluence of resistance based on the intersection of a key horizontal level from August and ...
- Submitted Nov 18, 2019|From dailypriceaction.com
The GBPUSD is testing a critical resistance level today. The 1.2980 region has held as the range top since the pair closed above 1.2770 in mid-October. I wrote about the 1.2770 support area on November 7. And if you watched this past Saturday’s ...
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dailypa commented Nov 16, 2019That's great to hear! Keep it up.
EURUSD Price Action Remains Predictable
- dailypa commented Nov 16, 2019
Thank you. Have a great week!
EURUSD Price Action Remains Predictable
- Submitted Nov 15, 2019|From dailypriceaction.com|5 comments
This week’s bounce from the EURUSD is no surprise. We’ve been discussing the significance of the support area between 1.0990 and 1.1020 since November 5. In that post, I also pointed out the short-term ascending channel that extends from the ...
- Submitted Nov 14, 2019|From dailypriceaction.com|1 comment
The USDJPY reached a key inflection point earlier today. We’ve been talking about this rising wedge that extends from the year-to-date low since October 31. I also highlighted the possible bullish and bearish scenarios that could play out here on ...
- Submitted Nov 11, 2019|From dailypriceaction.com|1 comment
The NZDUSD closed Friday below the 0.6350 key level. You can see how 0.6350 has influenced the pair since September 25. However, so far on Monday, the New Zealand dollar is challenging Friday’s breakdown with a gap up and 30 pip rally. But this ...
- Submitted Nov 8, 2019|From dailypriceaction.com
The EURUSD is testing the top of a key support area today. On Tuesday, I wrote how the region between 1.0990 and 1.1020 was one to keep an eye on moving forward. I also stated that a close below 1.1070 could trigger a move lower. So far, we’ve seen ...
- Submitted Nov 7, 2019|From dailypriceaction.com
The GBPUSD is holding up relatively well so far this week when you consider how USD bulls are on the move again. I mentioned the 1.2770 support area in Saturday’s forecast video. You can see how this region helped support the GBPUSD in February ...
- Submitted Nov 6, 2019|From dailypriceaction.com|3 comments
The USDJPY closed above the 109.00 handle on Tuesday. It’s a key level I’ve discussed several times since the pair was bouncing from 106.80 support in early October. However, I have some concerns about the current rally. The first is what just ...
- Submitted Nov 5, 2019|From dailypriceaction.com|2 comments
video The EURUSD is pulling back this week after retesting the October high. You can see where the pair carved a bearish engulfing pattern on Monday, which hinted at Tuesday’s pullback. Notice too how the euro is currently testing that key support ...
- Submitted Nov 4, 2019|From dailypriceaction.com
NZDUSD buyers are struggling to confirm the idea I mentioned last Thursday. Last week I commented on the potential for a 200 pip rally from the New Zealand dollar. I even made a video about it on Thursday. However, a key component of the potential ...
- Submitted Nov 2, 2019|From dailypriceaction.com|2 comments
In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, USDJPY, AUDUSD, and NZDUSD through November 8, 2019. Watch the video below, and be sure to scroll down for more commentary and annotated charts. video ...
- Submitted Nov 1, 2019|From dailypriceaction.com|3 comments
The AUDUSD reached a key resistance area on Thursday. I first wrote about this descending channel that extends from the December 2018 high on July 24. At the time, we were trading the breakdown below 0.6960 with a target of 0.6750. I also wrote ...
- Submitted Oct 31, 2019|From dailypriceaction.com
The USDJPY has looked relatively bullish since the August 26 low. That is until the last 48 hours. First, Wednesday’s session failed to close above the 109.00 resistance level we’ve discussed several times recently. Notice too how Wednesday formed a ...
- Submitted Oct 29, 2019|From dailypriceaction.com|1 comment
video The EURUSD has a decision to make. We looked at the 1.1070 support level and 1.1100/10 last week. The latest rotation lower from the euro comes following the 300 pip rally from the 1.0900 support area. I also talked about the breakout ...
- Submitted Oct 28, 2019|From dailypriceaction.com
USDJPY bulls aren’t wasting any time this week. The pair has already taken out last weeks high and is currently challenging the October high at 108.93. This follows the pairs 200 pip rally from the 106.80 support area. A move higher from the USDJPY ...
- Submitted Oct 25, 2019|From dailypriceaction.com|4 comments
The USDCHF can either be the easiest pair to trade, or the most difficult. It all depends on your timing. For instance, the selloff between early May and late June was relatively orderly, and as such, formed a nice stair-step decline. However, the ...
- Submitted Oct 24, 2019|From dailypriceaction.com|1 comment
On October 17, I wrote about a potential NZDUSD bottom. I also included a video in that post where I pointed out a trend line from the 2000 and 2001 lows as well as a falling wedge that dates back to 2016. The idea was that the confluence of support ...
- Submitted Oct 23, 2019|From dailypriceaction.com
On October 7, we looked at a potential 400-pip reversal pattern on the USDJPY daily time frame. At the time, the pair was trading just above the 106.80 support level. Notice how 106.80 supported USDJPY on June 25 before flipping to resistance ...