Daily Price Action
Shares

Category Archives for Daily Forex Setups

NZDUSD Back to Key Support at 0.6700

Shares
NZDUSD support and resistance areas

On January 4th I pointed out a bullish signal on NZDUSD. The weekly bullish pin bar pointed to further gains. It was particularly appealing because of the 0.6700 support handle just below it. Sure enough, the next week the NZDUSD rallied an additional 120 pips from the low. However, last week wasn’t so bullish. The […]

Continue Reading

AUDJPY: 4-Hour Ascending Channel in Play

Shares
AUDJPY 4-hour ascending channel

On Sunday I wrote about a potential short opportunity on AUDJPY. The pair reached a key resistance area last week at 78.70. It’s a region that served as support in September and October of last year. AUDJPY encountered selling pressure here last Thursday and again on Friday. However, it wasn’t quite enough for me to […]

Continue Reading

CADJPY: Keep an Eye on 83.80 Next Week

Shares
CADJPY support and resistance levels

The last time I discussed CADJPY was back on December 18th of last year. We were trading a bearish break from an ascending channel that began in 2016. In fact, there were two channels in play at the time. Within nine trading days, CADJPY fell an additional 650 pips following the retest of the 85.00 […]

Continue Reading

USDCAD Tests Key Resistance at 1.3320

Shares
USDCAD key resistance area

USDCAD is testing a significant resistance level today. I’ve mentioned the 1.3320 area several times in recent weeks. First on January 8th and again this past Sunday. You can see how it has served as a pivot of sorts since the November 20, 2018 high. The 1.3320 area is also very near the 38.2% Fibonacci […]

Continue Reading

EURUSD Bulls Cling to 1.1400 Support

Shares
EURUSD new support area at 1.1400

EURUSD bulls are hanging by a thread. I’ve been discussing the falling wedge since December 24th. Resistance extends from April 2018 and support began in November of 2017. On January 7th, euro bulls took out resistance which at the time was near 1.1430. The breakout was followed by consolidation on the 8th and then a […]

Continue Reading
1 2 3 250
>
Save 40% on a Lifetime Membership - Ends January 31st!