Daily Price Action
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Category Archives for Daily Forex Setups

EURGBP Top in Place?

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EURGBP head and shoulders on the 4-hour time frame

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 EURGBP has been trending higher since May. That triple bottom at 0.8450 turned out to be a pivotal moment for the euro cross. Not only did buyers […]

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GBPUSD Buyers Still Have Work to Do

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GBPUSD support and resistance areas on the daily time frame

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. A few days ago I wrote about the GBPUSD. The pair was challenging the 1.2100 (new) resistance area after falling below it on August 9th. I also wrote […]

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USDJPY: Relief Rally or Something More?

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USDJPY descending channel

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 USDJPY is rebounding this week from the 105.00 support area. I wrote about the potential for a bounce from here in Sunday’s forecast. There is a descending […]

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EURUSD Trend Line Could Offer Clues

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EURUSD trend line resistance

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. Today marks the sixth straight day of consolidation for EURUSD. The pair hasn’t made any real progress one way or the other since the 100-pip rally on August […]

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GBPUSD Buyers Challenge 1.2100 Resistance

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GBPUSD descending channel

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. GBPUSD is rebounding today following Friday’s break below 1.2110 support. That area had served as support since the pair tested it on August 1st. It’s no surprise then […]

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