Daily Price Action
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Category Archives for Free Forex Trade Setups

NZDCAD: Bullish Scenario Hinges on 0.8500

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The NZDCAD is approaching a confluence of resistance at 0.8500.

It’s the intersection of a key horizontal level and the descending channel top that extends from the year-to-date high in March.

This is a pattern I mentioned to members on October 2 when the pair was trading just above the channel floor at 0.8320.

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USDJPY Possible Bullish and Bearish Scenarios to Monitor

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There’s a lot of consolidation occurring in the currency market.

Many of you have asked for me to write about gold or US crude, and the reason why I haven’t is simply that they aren’t favorable right now.

Of course, that’s my opinion, but the price action says it all.

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NZDUSD Buyers Challenge Friday’s Breakdown

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NZDUSD potential false break on the daily time frame

The NZDUSD closed Friday below the 0.6350 key level.

You can see how 0.6350 has influenced the pair since September 25.

However, so far on Monday, the New Zealand dollar is challenging Friday’s breakdown with a gap up and 30 pip rally.

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(Video) Weekly Forex Forecast for November 11 – 15, 2019

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In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, USDJPY, AUDUSD, and NZDUSD through November 15, 2019.

Watch the video in this post, and be sure to scroll down for more commentary and annotated charts.

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EURUSD Sellers Face Key Test Next Week

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EURUSD daily time frame

The EURUSD is testing the top of a key support area today.

On Tuesday, I wrote how the region between 1.0990 and 1.1020 was one to keep an eye on moving forward.

I also stated that a close below 1.1070 could trigger a move lower.

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