- Search Energy EXCH
- 1,308 Results (1,282 Stories, 26 Comments)
- Submitted Jan 26, 2016|From dailypriceaction.com|10 comments
EURAUD is a pair that hasn’t offers much in the way of favorable price action in recent months. The choppy movement that has persisted since late last year combined with the increased volatility of late has made for an unfavorable trading ...
- Submitted Jan 17, 2016|From dailypriceaction.com
Before we begin discussing potential trade setups for the coming week, I want to make a few acknowledgements. First and foremost, the first two weeks of 2016 have produced an unusually high level of volatility. This past week saw the VIX (CBOE ...
- Submitted Jan 12, 2016|From dailypriceaction.com|1 comment
The second half of 2015 may have very well set the stage for a 2016 that will offer the kind of opportunities Forex traders haven’t seen since the 2008/2009 era, and I don’t say that lightly. While the commentary below is my opinion and my opinion ...
- Submitted Jan 10, 2016|From dailypriceaction.com
What a start to the year for global financial markets. With the Dow and S&P both selling off to tune of 6% or greater, it’s no surprise that we saw several currency pairs move in lockstep. Unlike other currencies that are matched against the US ...
- Submitted Jan 6, 2016|From dailypriceaction.com
AUDUSD is the latest victim to fall prey to the proverbial risk averse avalanche that has already had its way with several currency pairs this week. This isn’t too surprising considering yesterday’s AUDJPY close below channel support. The two ...
- Submitted Jan 5, 2016|From dailypriceaction.com|1 comment
A 300 pip target is perhaps a conservative objective, all things considered. However, the 82.10 handle is the 2015 low and is therefore sure to attract buyers if indeed we see a retest of the level in the coming sessions. What exactly has me ...
- Submitted Jan 4, 2016|From dailypriceaction.com|7 comments
Over the weekend, I mentioned the bullish wedge that has been forming on the USDCAD 4-hour chart for the past two weeks. In that commentary, I also noted that an opportunity to get long would only materialize on a close above wedge resistance. Sure ...
- Submitted Dec 30, 2015|From dailypriceaction.com
Exactly one week ago I mentioned the GBPCAD consolidation that appeared to be forming a descending channel on the intraday charts. What was unclear at the time was whether or not support would hold and thus give us a favorable pattern to work with. ...
- Submitted Dec 27, 2015|From dailypriceaction.com
As expected, EURUSD managed to find a bid last week after retest the 1.0820 handle as new support. However, the holiday liquidity lull didn’t allow for much of a rally following the retest. Upside gains remain capped by the 1.1020 level, which ...
- Submitted Dec 23, 2015|From dailypriceaction.com
We recently traded GBPCAD after the pair managed to break free from a three-month bull flag pattern. Within just four days of closing above resistance, the pair had rallied to its 650 pip objective near 2.0970, which still stands as a multi-year ...
- Submitted Dec 20, 2015|From dailypriceaction.com
EURUSD gave up some ground last week after back-to-back weekly gains that totaled 400 pips. Despite recent losses, the pair still managed to close above the 1.0820 handle that was so important for the bulls between May and July. For this reason ...
- Submitted Dec 10, 2015|From dailypriceaction.com
On Monday I mentioned the break of channel resistance on GBPCAD. This was a level that had been in place since the August high and one that left little doubt that, if broken, was likely to trigger a rally that would test the 2015 high at 2.0970. So ...
- Submitted Dec 6, 2015|From dailypriceaction.com
EURUSD is coming off a banner week after posting its largest one-day rally since 2009. To put it in more relative terms, Thursday’s rally managed to take out the previous twenty days’ worth of losses. As you may know, I had been short from the break ...
- Submitted Dec 3, 2015|From dailypriceaction.com
Two pairs that I rarely talk about are showing signs of strength just below key technical levels. Both GBPCAD and AUDCAD have been carving out descending channels for several months now. In fact, in the case of AUDCAD the pattern has been several ...
- Submitted Dec 2, 2015|From dailypriceaction.com|2 comments
GBPJPY continues to hold above the fourteen-month trend line that extends off of the October 2014 low. But the big question remains…How much longer can the pair tread water? Of course that’s an impossible question to answer. Luckily for us, we don’t ...
- Submitted Dec 1, 2015|From dailypriceaction.com|1 comment
Following a 3,000 pip rally between May and August, GBPAUD spent the better part of three months consolidating above the 2.00 handle. However, yesterday’s selloff confirmed the reversal pattern I mentioned over the weekend. The price action since ...
- Submitted Dec 1, 2015|From dailypriceaction.com
The CADJPY rising wedge has been forming since the August 24th session low at 87.33 and is nicely defined. If you have followed me for any length of time, you have undoubtedly seen this pattern featured several times over the last few weeks. ...
- Submitted Nov 29, 2015|From dailypriceaction.com
EURUSD is now down more than 400 pips since breaking below channel support on October 23rd. What’s even more significant is that the pair has cleared several key support levels along the way without much difficulty, including the 1.0820 handle. It ...
- Submitted Nov 22, 2015|From dailypriceaction.com|1 comment
Just when it looked as though EURUSD was putting on the brakes during Thursday’s session, sellers came swooping in to take advantage of the inflated prices to end the week. It’s no coincidence that the prior week’s close (November 13th) was 1.0761 ...
- Submitted Nov 20, 2015|From dailypriceaction.com|12 comments
There are a million ways to make money in the Forex market. The key to success in this business is not finding one that works, it’s finding one that works for you. While I started out in 2007 trading nothing but pin bars and inside bars, my “style” ...