Daily Price Action

Category Archives for Free Forex Trade Setups

(Video) AUDCAD Bottom in Place?

AUDCAD thumbnail

Has the AUDCAD reached a short-term bottom?

Watch the video here to find out what I think.

On November 13, I pointed out a possible bullish scenario developing for the NZDCAD.

We were watching for a break above the 0.8500 confluence of resistance for a move into 0.8640.

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EURUSD: Can Buyers Keep the Pressure on 1.1070?

EURUSD 1.1070 area still attracting sellers

The EURUSD has been trending higher nicely since coming off of 1.0990.

I wrote about the significance of the support area between 1.0990 and 1.1020 on November 8 and again on the 13th.

The pair even carved a bullish engulfing candle on November 14.

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(Video) NZDUSD on Breakout Watch


NZDUSD buyers are refusing to back down this week.

I first wrote about the possible inverse head and shoulders on October 31.

We also looked at the pattern again in Saturday’s forecast video.

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NZDCAD Buyers Aren’t Straying Far From 0.8500

NZDCAD confluence of resistance at 0.8500

On November 13, I wrote about how an NZDCAD bullish scenario might unfold.

In my opinion, it would have to start with a daily close above 0.8500.

It’s a confluence of resistance based on the intersection of a key horizontal level from August and descending channel resistance from March.

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GBPUSD Consolidation Coming to an End?

GBPUSD support and resistance levels

The GBPUSD is testing a critical resistance level today.

The 1.2980 region has held as the range top since the pair closed above 1.2770 in mid-October.

I wrote about the 1.2770 support area on November 7.

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