Daily Price Action
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Category Archives for Daily Forex Setups

GBPNZD: Staying Short Below 1.9670

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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. On Tuesday I wrote about the potential for GBPNZD to weaken further below 1.9660. The pair was about to close the day below rising wedge resistance. It was significant […]

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GBPUSD Sellers Need to Get Through 1.2800

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GBPUSD 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. The GBPUSD is down big for the fifth day in a row. In fact, the pound has been down in eight of the last nine trading days. And for […]

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GBPJPY: Keep an Eye on 141.15

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GBPJPY key levels 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 8th I wrote about a possible breakdown on GBPJPY. The pair had just put in a false move above wedge resistance on May the 3rd. That alone […]

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GBPNZD: Further Weakness Likely Below 1.9660

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GBPNZD rising wedge on the daily chart

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. GBPNZD is at risk of closing below a significant level today. This should be a familiar level to those of you who have been following along over the last […]

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USDJPY to Remain Vulnerable Below 110.00

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USDJPY key support and resistance levels

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 USDJPY is under pressure again today after gapping down last week. I wrote about how the pair was at risk of closing below 111.00 at the start of […]

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