Daily Price Action
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Category Archives for Free Forex Trade Setups

EURUSD to Remain Indecisive While Between These Two Levels

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EURUSD key levels on the daily time frame

The EURUSD tested a significant resistance area today.

We’ve had our eye on the 1.1170/80 region ever since the rally that began on the 11th of October.

You can see how this area capped the euro twice recently. Once in October and a second time in early November.

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NZDUSD Reaches Confluence of Resistance

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NZDUSD confluence of resistance

NZDUSD buyers have been relentless since the December 2nd breakout.

We were anticipating that break given the potential inverse head and shoulders I’ve discussed several times on this site.

Furthermore, notice how the price action in late November began to pressure the 0.6430/40 resistance area.

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GBPUSD Rally Hinges on 1.3170

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GBPUSD horizontal support and resistance on the daily time frame

The GBPUSD is encountering sellers right where we thought it might.

On December 3, I wrote about the potential for a breakout from the range ceiling at 1.2980.

Hours later, the GBPUSD closed above 1.2980 and went on a 180 pip run.

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AUDJPY Could Produce Short Opportunity This Week

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AUDJPY rising wedge on the daily time frame

The AUDJPY looks set to break lower this week.

I pointed out the rising wedge pattern you see below on November 23 and again in the most recent Forex forecast video.

Since I first discussed the pair on the 23rd, the pair has been locked in a stalemate just above key support.

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(Video) Weekly Forex Forecast for December 9 – 13, 2019

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Forex forecast feature image 12.7.19

In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, AUDUSD, NZDUSD, and AUDJPY through December 13, 2019.

The EURUSD did, in fact, push higher last week.

If you watched last weekend’s forecast video, you know I was watching for a bounce from the confluence of support at 1.0990.

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