Daily Price Action

Category Archives for Free Forex Trade Setups

(Video) Weekly Market Forecast for EURUSD, GBPUSD, XAUUSD, BTCUSD, VETUSD (March 15 – 19, 2021)

Market forecast feature 3.13.21

The EURUSD performed flawlessly for us last week.

On Wednesday, I wrote about how a close above 1.1915 could send the pair higher toward the 1.2000 region.

Sure enough, Wednesday closed above 1.1915, and that level served as support on Thursday and Friday.

Thursday’s low was 1.1915 on the dot.

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BTCUSD: Bitcoin Dips Should Be Temporary

BTC Bitcoin feature 3.11.21

Bitcoin (BTCUSD) is back to “up only” mode following its recent 26% correction.

As most of you know, I was buying Bitcoin when it was between $8,000 and $10,000 in May of last year.

I was also buying Ethereum (ETH) when it was just above $200.

Both investments have worked out incredibly well, and I’m anticipating another five or six months of a bull market based on the last two.

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EURUSD Bulls May Not Be Done

EURUSD feature image 3.10.21

The EURUSD is testing a key resistance area at 1.1800.

I mentioned this area in last weekend’s forecast video.

As you can see, the 1.1800 area involves a trend line from the recent consolidation lows.

It’s the area buyers need to break to reestablish the bullish momentum.

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XAUUSD to Remain Bullish Above $1,680

XAUUSD feature image 3.9.21

Last week, I mentioned the significance of the $1,680 area for gold (XAUUSD) several times.

I also talked about it in last week’s forecast video.

The $1,680 region has been a key horizontal level for XAUUSD since February of last year.

It’s also the support level of the descending channel that’s been in place for the last eight months.

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(Video) Weekly Market Forecast for EURUSD, GBPUSD, GBPJPY, XAUUSD, BTCUSD (March 8 – 12, 2021)

Forecast 3.7.21

The EURUSD saw a significant rejection last week from a level I mentioned in the previous weekly forecast.

Monday’s close below the 1.2070 channel support meant that the 1.2070/80 region was likely to serve as resistance.

And that it did.

Wednesday’s retest of 1.2080 resistance led to a 180 pip selloff that eventually tested the 1.1900 handle.

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