Free Forex Trade Setups - Daily Price Action

Price Action Setups – CADJPY, EURAUD and EURGBP

by Justin Bennett ·

July 1, 2014

Nothing in the form of a buy signal today for USDCAD, which is the pair we discussed yesterday. From here I’m looking lower to 1.056 as possible support. More on this one in the days and weeks to come. In the meantime let’s look at the bullish pin bar setup on CADJPY that we discussed back on June

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Price Action Setups – USDCAD Set For a Move Higher?

by Justin Bennett ·

June 30, 2014

The market was fairly uneventful today in terms of setups. So instead of posting a bunch of levels to watch I thought it more constructive to take a closer look at one currency pair from a few different angles. This is a level I’m closely watching on the daily time frame as well as the 4

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Price Action Setups – Make or Break Time for AUDUSD

by Justin Bennett ·

June 27, 2014

I mentioned AUDNZD in yesterday’s analysis, noting that the pair had broken support. Today we saw the market test the same level, this time as resistance. The result was an inside bar (consolidation) that could prove interesting going into next week. If the market is able to break yesterday’s low, we might see AUDNZD retesting

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Price Action Setups: AUDNZD Losing Grip?

by Justin Bennett ·

June 26, 2014

New Zealand Dollar continued its march upward today, hence the slip in AUDNZD. With NZD trade data out tonight we should quickly see if this was a false break or if the pair is intent on making another run at the range bottom. This was a level I mentioned on June 18th here. In that

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Price Action Setups – NZDUSD, CADJPY, AUDJPY and USDJPY

by Justin Bennett ·

June 25, 2014

Volatility remains extremely low across the Forex market. This is the cause for the choppiness and lack of direction we’re seeing from a lot of pairs lately, NZDUSD being one of them. In any other market conditions, yesterday’s break of trend line support most likely would have resulted in a significant drop and possibly the start of

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Price Action Setups – GBPNZD Looking Higher?

by Justin Bennett ·

June 24, 2014

A lot of pairs to review today so let’s get right to it. As the headline reads, I like GBPNZD higher from here. As you can see below, the pair is resting on the bottom of this short-term channel. The two consecutive bullish pin bars (yesterday and today) also tell me that the market wants

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Price Action Setups – AUDJPY, EURCAD and NZDJPY

by Justin Bennett ·

June 23, 2014

Not much action in the price action today. Here’s one level I’m watching on AUDJPY as well as updates on EURCAD and NZDJPY. As a quick side note, CADJPY is also holding firm at current levels. The pair is having a little trouble with the 95 area, but so far just some consolidation before the

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