Daily Price Action

Category Archives for Free Forex Trade Setups

(Video) Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, Altcoins (August 31 – September 4, 2020)

Forex forecast feature August 30, 2020

EURUSD bulls are still in charge as of last week’s close.

As I mentioned to DPA members last week, I managed to get out of my EURUSD long from July 7th for a 500+ pip gain.

I also shorted the EURUSD on the 19th and made just over 60 pips, and went long again following the August 24th session close.

All of these entries were announced to DPA members.

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(Video) Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, VETUSD (August 24 – 28, 2020)

Forecast feature 8.24.20

The EURUSD weakened on Friday after what appears to be a false break above 1.1900 between Tuesday and Wednesday.

I wrote about the potential for weakness during Wednesday’s session.

All of this comes following a 500+ pip rally that DPA members and I took advantage of starting on July 7th.

That’s when I went long.

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VETBTC: VeChain Looks to Gain on Bitcoin

VETBTC feature image

On May 5th, I wrote about Bitcoin (BTC) for the first time on this blog.

I had been buying the cryptocurrencies for a few weeks, as I shared with DPA members at the time.

VeChain (VET) is another cryptocurrency I started buying back in June.

I first wrote about it on June 26th.

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EURUSD: Expect Weakness Below 1.1900

EURUSD feature image 8.19.20

The EURUSD is pulling back on Wednesday after closing above 1.1900 on Tuesday.

Not only that, but the pair just closed the day below 1.1900.

If you saw the last two weekly forecasts, you know that the 1.1900 area was the top of a range that started on July 31st.

Wednesday’s failure to hold above it after Tuesday’s rally hints at weakness.

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USDJPY: July Breakdown Still in Play

USDJPY feature image 8.17.20

On August 1st, I wrote about a significant breakdown from USDJPY.

The July close below 106.00 was the first time the pair had closed a month beyond a multi-year wedge pattern since its inception in 2015.

However, following the July close, USDJPY rallied 120 pips.

It even closed back inside of this wedge pattern on the daily and weekly time frames?

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