Submitted Oct 22, 2019|From dailypriceaction.com|4 comments

video The EURUSD has had an impressive run so far in October. I was anticipating a bounce of some sort when the pair was trading around the 1.0900 based on the broader descending channel from August 2018. We’ve discussed this support area several ...

Submitted Oct 21, 2019|From dailypriceaction.com

The CADJPY is more than 100 pips above the 81.80 support area I discussed in the October 12 Forex forecast video. I also wrote a post on the 14th where I pointed out the potential for a 400-pip rally to end 2019. Although buyers have a long way to ...

Submitted Oct 21, 2019|From dailypriceaction.com

I discussed the potential for a move higher from AUDUSD on October 5. In that weekly forecast video, we looked at the bullish pin bar that had formed on the weekly time frame when the pair was trading around 0.6750. Fast forward to today, and we can ...

Submitted Oct 18, 2019|From dailypriceaction.com|4 comments

August 28 was the last time I wrote about USDCAD. And after nearly two months, the pair has moved just 150 pips lower. The lack of movement is one reason I haven’t discussed USDCAD lately. My recent lack of interest in the pair also stems from the ...

Submitted Oct 17, 2019|From dailypriceaction.com

video The last time I wrote about NZDUSD the pair was starting its next leg lower. That July 30 close confirmed the bearish flag pattern and also triggered a 400 pip move lower from the kiwi. Fast forward to today, and we can see that NZDUSD is ...

Submitted Oct 16, 2019|From dailypriceaction.com

EURUSD buyers are on the move again this week. The pair bounced from Tuesday’s low of 1.0991, which is one pip above the 1.0990 level I’ve pointed out several times recently. Be sure to watch Saturday’s Forex forecast video if you aren’t familiar ...

Submitted Oct 15, 2019|From dailypriceaction.com|1 comment

video So far, the USDJPY is playing out beautifully. I wrote about the pair when it was hovering just above the 106.80 level on October 7. That’s where USDJPY broke out from in early September. I also discussed the pair’s reversal potential in ...

Submitted Oct 14, 2019|From dailypriceaction.com

CADJPY has massive upside potential as we move into the final months of 2019. I included this one in Saturday’s forecast video. However, I wanted to highlight the pair again, as I do think CADJPY has a lot of potential following Friday’s rally. That ...

Submitted Oct 11, 2019|From dailypriceaction.com|1 comment

GBPCAD reached our 500 pip objective today at 1.6800. I first wrote about this inverse head and shoulders pattern on September 9. At the time, GBPCAD was trading just below the neckline at 1.6260. I also made a video on October 2 explaining why I ...

Submitted Oct 11, 2019|From dailypriceaction.com|4 comments

On October 7, I wrote about the potential for a 450 pip move from USDJPY. At the time, the pair was resting above support at 106.80. That was a must-hold level for USDJPY buyers. Immediately following that post, the pair rallied 40 pips, taking out ...

Submitted Oct 10, 2019|From dailypriceaction.com|2 comments

video We have been waiting for the EURUSD to make a move for weeks. The pair has been trending lower since late June, but the price action following the September 25 breakdown has been messy. Not only that, but the consolidation of late has left ...

Submitted Oct 9, 2019|From dailypriceaction.com

On October 4, I wrote about a potential breakout on EURGBP. You can see how the pair recently broke above descending channel resistance that extends from the August high. I discussed EURGBP again in Saturday’s forecast video, noting how a close ...

Submitted Oct 8, 2019|From dailypriceaction.com

The GBPUSD is at risk of closing the day below the 1.2290 region. If you watched Saturday’s Forex Forecast video, you know that 1.2290 was a “must hold” area for buyers. It’s the intersection of ascending channel support from the year-to-date low ...

Submitted Oct 7, 2019|From dailypriceaction.com

Is USDJPY carving a 450 pip bullish reversal pattern? Or is the pair simply consolidating before the next leg lower? Those are the questions on my mind as we kick off a new trading week. But first, let’s start with something a little easier to ...

Submitted Oct 5, 2019|From dailypriceaction.com|3 comments

video The EURUSD rallied last week from a support level I discussed last weekend. Despite the short-term downtrend that’s been in place since late June, I wasn’t interested in selling the euro last week. That’s because of the descending channel ...

Submitted Oct 4, 2019|From dailypriceaction.com|6 comments

A few days ago, I wrote about EURGBP. The pair has been trending lower within this descending channel since it topped out earlier this year. If you watched Tuesday’s video, you know I was waiting for a break above channel resistance near 0.8920 or ...

Submitted Oct 3, 2019|From dailypriceaction.com

The last time I wrote about EURUSD was on September 26. At the time, we were interested to see whether the 1.0900 area would serve as key support or trigger the next leg lower. If you watched that video, you know I wasn’t interested in selling ...

Submitted Oct 2, 2019|From dailypriceaction.com

video From a technical standpoint, GBPCAD has been perfect, at least so far. I pointed out this inverse head and shoulders back on September 9. I also discussed the pair on September 12, less than 24 hours before we got the massive 330 pip rally ...

Submitted Oct 1, 2019|From dailypriceaction.com

EURGBP is approaching a key inflection point at 0.8920. I mentioned the pair and pointed out this area in Saturday’s Forex Forecast video. You can see how this area is the intersection of a horizontal level that dates back to June and descending ...

Submitted Sep 30, 2019|From dailypriceaction.com

Last week, I wrote about gold’s reversal potential. If you saw Tuesday’s XAUUSD video, you’re well aware of why I thought the metal might reverse from the 1530/40 resistance area. I also discussed gold in Saturday’s Forex Forecast video. In fact, if ...