Daily Price Action

Category Archives for Free Forex Trade Setups

ETHUSD: Next Stop for Ethereum Is $800

ETHUSD feature image

The last time I wrote about Ethereum (ETHUSD) was on June 4th.

That also happened to be the first time I posted about it on this blog.

At the time, ETHUSD was breaking out of a multi-year consolidation pattern near $230.

Fast forward to today, and those who bought ETHUSD at $230 are up nearly 70% in two short months.

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AUDUSD: All Eyes on 0.7030

AUDUSD feature image

Last week, I discussed the importance of 0.7030.

The area was a key battleground between buyers and sellers during the second half of 2018 and the first half of 2019.

However, AUDUSD remained below 0.7030 since April 2019.

That is until two weeks ago.

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(Video) Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, VETUSD (August 3 – 7, 2020)

Forecast feature 8.1.20

EURUSD trended higher again last week, but lost some momentum in the final hours.

This entire second leg materialized in early July following the close above a bull flag pattern.

I discussed this pattern on June 29th and again on July 6th.

I also announced to members that I was long EURUSD back when the pair was trading below 1.1300.

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VETUSD: VeChain Looks Ready for a 60% Rally

VeChain VET feature image for July 31, 2020

VeChain (VETUSD) looks ready to break out again.

If you were here several weeks ago, you’d remember the 150% rally that ensued following the last breakout.

I discussed that opportunity on June 26th and again on July 1st.

That was more than just a rally, though.

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AUDUSD Rally Extended; 0.7320 Next?

AUDUSD feature image 7.30.20

Last Friday, I discussed how AUDUSD was likely to extend its rally this week, given the close above 0.7030.

That’s a significant horizontal level for the pair.

Notice how 0.7030 has served as a pivot for AUDUSD since October 2018.

Last week’s close above 0.7030 was the first since April of last year.

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