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- Submitted Jun 3, 2015|From dailypriceaction.com
It isn’t often that I include a fundamental aspect to the headlines, but yesterday’s price action for the Euro was so consistent across the board that I felt compelled to highlight the technical landscape ahead of key event risk for the currency. It ...
- Submitted May 25, 2015|From dailypriceaction.com
Are the USD bulls back in town? The final 24 hours of trading last week certainly gave that impression. While I’m not quite ready to sink into the idea entirely, I am leaning on USD strength as part of my trading plan for the upcoming week. That ...
- Submitted May 20, 2015|From dailypriceaction.com
With another FOMC event upon us today at 2pm EST, we turn our attention to some key levels to keep an eye on as the shake-up begins. Before we get into the details, I have to stress the importance of not trying to trade through this event. While it ...
- Submitted Apr 21, 2015|From dailypriceaction.com
EURUSD continues to trade within a descending channel that is best seen on the 4 hour chart. This channel extends off the April 6th high and has now rejected the pair on two separate occasions this month. So where do we go from here? There are two ...
- Submitted Apr 20, 2015|From dailypriceaction.com
EURGBP continues to trade in a 60 pip range following a confirmed double top between March and April. Since the daily close below the neckline on April 13th, the pair has traded in a tight range between .7162 and .7225 and has yet to make a decisive ...
- Submitted Apr 19, 2015|From dailypriceaction.com
Let's kickoff the weekly forecast with a pair that everyone is surely watching these days - EURUSD. As I mentioned on Friday, the bulls face a critical test to start the new week. In fact they face two critical tests should the first level fall. The ...
- Submitted Apr 16, 2015|From dailypriceaction.com
Is the GBPUSD downtrend finally coming to an end after nine months of selling pressure and a loss of 2,600 pips? I wouldn’t go that far, at least not just yet. However this week’s price action does at least suggest that the pair may have found a ...
- Submitted Apr 14, 2015|From dailypriceaction.com|9 comments
Do you know what differentiates a process from a project? Put simply, a project has a start and end date. A process on the other hand is ongoing with no definite end date. Becoming a successful Forex trader is the latter. I talk to a lot of traders ...