Daily Forex Price Action - Charles Clifton

[Charles Clifton]

Tues 27th June 2023

65+ Pips Up On CADJPY - But What About EURJPY?

Today we’re looking at Trading Setups in:

EURJPY (Primary Focus Pair)
CADJPY (Covered In Video)
AUDCHF (Covered In Video)
AUDCAD (Covered In Video)

EUR has appeared on our day traders table at S3, giving us some idea that strength could be returning.

We do however have to be careful with a currency that appears as S3 or W3 as they are on the edge of slipping lower again.

That being said, EUR is still stronger than the JPY which is now at W2.

We did feature EURJPY previously on 22nd June and pointed out that we could be looking for longs from support at 155.40.

If you followed through with this analysis, you would be up over 200+ pips currently.

Continued >>>

 

[Charles Clifton]

Wed 28th June 2023

EURAUD Offering A 1:3 Risk:Reward Trade Setup

Today we’re looking at Trading Setups in:

EURAUD (Primary Focus Pair)
EURJPY (Covered In Video)
EURNZD (Covered In Video)
AUDCHF (Covered In Video)

EUR has springboarded to the top of our live forex strength vs weakness tables, offering us an opportunity to long the currency against its weaker counterparts.

AUD has taken the position of the weakest currency from the JPY which has dropped down to S3.

EURAUD is now a forex pair of interest and price has recently rallied into resistance at 1.6500.

Continued >>>

 

[Charles Clifton]

AUDCHF Hits Targets : EUR In Focus

Thurs 29th June 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

EURAUD (Primary Focus Pair)
AUDCHF (Covered In Video)
EURNZD (Covered In Video)
EURJPY (Covered In Video)

AUDCHF was featured on our blog post on Monday 26th June for a short, which has now hit targets.

AUDCHF remains on the tables and could trade lower, however we need to see price return back to previous resistance.

Our attention now turns to EUR, as it remains the only currency on the strength side of the tables with a confluence between the higher and lower time frames.

EURAUD was featured yesterday for a long idea, but we have now adjusted our trade plan to suit the current market conditions.

Continued >>>