Daily Price Action
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Category Archives for Daily Forex Setups

GBPCAD: Future Direction Hinges on 1.6930

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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. Yesterday I wrote about a potential selling opportunity on EURCAD following a daily close below 1.4950. It’s no coincidence that the pair is bouncing today after closing above 1.4950 […]

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EURCAD to Produce Selling Opportunity Below 1.4950

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EURCAD trend line support

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. On April 9th I pointed out a key trend line support for EURCAD. And this isn’t just any trend line. The level dates back to September 2017 making it […]

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EURNZD: Keep an Eye on This 800-Pip Range

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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. EURNZD reached a critical level earlier this month. The area just above 1.7100 has served as a key handle since July of last year. In fact, it’s been a […]

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GBPNZD: Staying Short Below 1.9670

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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. On Tuesday I wrote about the potential for GBPNZD to weaken further below 1.9660. The pair was about to close the day below rising wedge resistance. It was significant […]

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GBPUSD Sellers Need to Get Through 1.2800

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GBPUSD 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. The GBPUSD is down big for the fifth day in a row. In fact, the pound has been down in eight of the last nine trading days. And for […]

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