Daily Price Action

Category Archives for Free Forex Trade Setups

(Video) Weekly Forex Forecast for September 23 – 27, 2019


The EURUSD has struggled to make headway in September.

Since closing below 1.1070 on August 29, the single currency has traded within a range of fewer than 200 pips.

I’ve discussed this range between 1.0930 and 1.1070 several times in recent weeks.

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GBPJPY Relief Rally Stalls at 135.40


GBPJPY bulls appear to be in trouble.

The pair has struggled all week to break the 135.40 resistance level.

On Thursday, GBPJPY carved what some may have thought to be a bullish pin bar.

But we now know it was more of a hanging man that signaled a last “gasp” from buyers.

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USDJPY to Target 109.00 Next Week?

USDJPY descending channel on the daily time frame - Daily Price Action

The USDJPY has performed well for us lately.

Will it continue to do so?

Let’s discuss what needs to happen for USDJPY to climb even higher next week.

But first, let’s recap the last couple of weeks.

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(VIDEO) EURJPY Technical Analysis & Key Levels to Watch


The EURJPY is starting to look primed for a move higher.

The recent higher lows into channel resistance from the April 17 high suggest that buyers are willing to step in at higher prices.

I discussed this channel and the potential for a break higher at the end of Sunday’s Weekly Forex Forecast video.

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Gold (XAUUSD) Ready to Pull Back?


Gold (XAUUSD) is flirting with the beginning of what could be a pullback.

I wrote about this ascending channel on September 10.

More specifically, I mentioned that a close below the confluence of support at 1480 would put the rally at risk.

We never did get that breakdown, though.

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