Daily Price Action
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Category Archives for Weekly Forex Forecast

Weekly Forex Forecast (May 20 – 24, 2019)

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EURUSD support and resistance levels

Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. The EURUSD looks poised for another run at 1.1110 support this week. Last week’s 100 pip selloff puts the single currency less than 50 pips above the multi-year low […]

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Weekly Forex Forecast (May 13 – 17, 2019)

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EURUSD daily breakout

Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. The EURUSD broke a short-term resistance level on Friday. It isn’t what I would consider a significant breakout, though. There is also a ton of overhead resistance due to […]

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Weekly Forex Forecast (May 6 – 10, 2019)

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GBPUSD ascending channel on the daily chart

Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. The EURUSD continues to chop around this week without much direction. This has been the theme throughout 2019. In fact, the euro hasn’t been the most favorable currency pair […]

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Weekly Forex Forecast (April 29 – May 3, 2019)

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EURUSD new resistance level

Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. EURUSD broke a significant support level last week. The 1.1180 level had supported the single currency since the beginning of March. However, Wednesday’s 1.1152 close means that any retest […]

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Weekly Forex Forecast (April 22 – 26, 2019)

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GBPUSD upward sloping flag

EURUSD appears to be on its way to retest 1.1180 for the third time. The single currency bounced from here earlier this month, but Thursday’s selloff looks to have extinguished the short-term bullish momentum. At this point, my base case is for a EURUSD daily close below 1.1180. The “daily close” refers to the New […]

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