Daily Price Action

Category Archives for Free Forex Trade Setups

EURUSD Bulls Live to See Another Day

EURUSD confluence of support and resistance

The EURUSD started Monday with more losses.

We saw the single currency slide past Friday’s low of 1.1086 before carving a low of 1.1076.

The latter (1.1076) should sound familiar to frequent readers of this site.

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EURCAD Ready to Move Lower?

EURCAD breakdown from recent consolidation

The EURCAD looks ready to resume its downtrend.

We saw the pair’s ability to move lower in late June and early July of last year.

The same was true between August and September when the EURCAD lost over 500 pips.

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(Video) Weekly Forex Forecast for EURUSD, GBPUSD, EURJPY, EURNZD, XAUUSD (January 20 – 24, 2020)

Weekly forex forecast feature image 1.18.20

The EURUSD ended last week at a critical support area.

We have discussed this region between 1.1070 and 1.1080 for weeks now.

Notice how it’s the intersection of a key horizontal level that dates back to July of last year and ascending channel support from the 2019 low.

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EURGBP: Bullish or Bearish Next Week?

EURGBP descending channel on the daily time frame

On January 13th, I pointed out a potential EURGBP reversal.

The idea hinged on the 0.8590 horizontal level.

A daily close above that level would set the pair’s sights on 0.8680 and perhaps even 0.8800.

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GBPUSD Carves Bearish Signal Above Key Level

GBPUSD short-term ascending trend line

I wrote about the GBPUSD on January 10th.

I’ve also included the pair in every Weekly Forex Forecast, including the latest video on January 11th.

The idea behind my recent GBPUSD posts and videos is that the pair needed more time to reset itself.

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