Daily Price Action
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Category Archives for Daily Forex Setups

NZDUSD: Friday Breakout Underway

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NZDUSD descending channel on the daily time frame

Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. On May 10th I discussed the breakout potential for NZDUSD. The descending channel that extends from the March highs couldn’t last forever. That’s especially true when you consider its […]

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EURUSD Rebounds; Double Bottom in Progress?

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Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. The EURUSD is bouncing hard from a support level I mentioned on Sunday. The 1.1110 level supported the single currency on April 26th. That marked a multi-year low for […]

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GBPCAD: Future Direction Hinges on 1.6930

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Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. Yesterday I wrote about a potential selling opportunity on EURCAD following a daily close below 1.4950. It’s no coincidence that the pair is bouncing today after closing above 1.4950 […]

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EURCAD to Produce Selling Opportunity Below 1.4950

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EURCAD trend line support

Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. On April 9th I pointed out a key trend line support for EURCAD. And this isn’t just any trend line. The level dates back to September 2017 making it […]

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EURNZD: Keep an Eye on This 800-Pip Range

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Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. EURNZD reached a critical level earlier this month. The area just above 1.7100 has served as a key handle since July of last year. In fact, it’s been a […]

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