Daily Price Action

Category Archives for Free Forex Trade Setups

ETHUSD: Ethereum Reaches All-Time Highs; $3,000 Looks Reachable in Weeks

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I first wrote about Ethereum (ETH) on June 4th.

At the time, the cryptocurrency was trading at $243.

I also told Daily Price Action members that I was buying ETH in May of last year when it was just above $200.

Fast forward to today, and those initial buys are up 500%.

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XAUUSD: Gold Positioned to Break Higher in 2021


Gold (XAUUSD) continues to consolidate within a descending channel.

I usually write to you as a trader, but today, I want to take a different approach.

As Daily Price Action members know, I’ve liked XAUUSD higher since April 2020 when it was trading near $1,600.

My bullish gold bias hasn’t changed.

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(Video) Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, VETUSD (January 18 – 22, 2021)

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EURUSD broke below a key level last week at 1.2150.

I mentioned how this was a possibility in Tuesday’s commentary.

Friday’s breakdown opens the door to the confluence of support at 1.2000.

That’s the intersection of former range resistance and the May 2020 trend line.

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ETHUSD: Ethereum Prepares for New All-Time Highs

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To say ETH (Ethereum) has performed well for us would be a massive understatement.

Ethereum was trading at $243 when I first mentioned it on this site.

That’s also when I was buying ETH.

I’ve since bought several pullbacks along the way, including the recent dip below $1,000 as I announced on Twitter.

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AUDUSD Continuation Pattern Spotted

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The AUDUSD has been trending higher since March 2020.

This latest leg started in late October and early November when AUDUSD broke out from 0.70 support.

As I’ve said for weeks, the Australian dollar looks determined to reach 0.8100.

Note that 0.8100 was the location of the double top from late 2017 to early 2018.

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