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Weekly Forex Commentary & Trade Ideas – February 8th to 12th 2016

Posted on February 8th, 2016 | by | in Forex Trading Commentary | 1 Comment
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Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

Trading Setups / Chart in Focus:

EURUSD – Euro/dollar bulls in control for now

The EURUSD finally broke out from a multi-month trading range last week, breaking higher and closing well above the recent sideways consolidation range. At this point, with resistance not seen until up near 1.1460 area and some solid support below, we can consider short-term buying opportunities should price rotate down to 1.1060 – 1.0965 support area and form an obvious price action buy signal.

eurusd

GBPUSD – Sterling/dollar rallies but bearish trend intact

The GBPUSD rallied last week but stalled after popping up into the resistance region between 1.4600 – 1.4800. We view any near-term strength this week as a potential selling opportunity as bears remain aggressively in control of this chart below 1.4600 – 1.4800 area and traders can watch for price action sell signals within that region this week.

gbpusd

AUDUSD – Aussie/dollar volatile but still trading above key support

After a false break below the major long-term support level of 0.6920 (recent lows in August), price aggressively reconnected back up and rallied strongly last week. However, the sellers moved in Friday and we now see prices moving back to potentially test that all important 0.6920 support once again. If prices sell off this week and we see a buy signal above that level, the bulls remain in control and a long position could be considered.

audusd

USDJPY – It all depends on 115.85 key support level for the Dollar/yen

For the USDJPY, everything depends on 115.85 support this week. Traders can watch that level for price action buy signals, however, a close below that level and any sell signals would suggest downside potential into 110.00.

usdjpy

Gold -Potential buying opportunity remains in Gold

We’ve been bullish on gold since our January 25th commentary, and since then we can see price has been on an exponential surge higher, indicating major short-covering which could fuel further upside in coming weeks. That said, it’s important to note the long-term trend remains bearish and major resistance threatens to contain prices at 1190.00 area and again at 1225.00. We remain bullish and would only consider entering long positions if price rotated back towards the support layer between 1130.00 – 1113.00. If price can form a buy signal in or close to that support area, we could expect this market to head back up to 1185.00 or even 1225.00 as the first logical upside target. Price weakness presents a buying opportunity in the near-term.

gold

For updates & trade ideas on these and other markets throughout the week, check our members daily newsletter.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial’s Forex Course here.

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Gold Continues Higher, S&P500 Facing Key Resistance Zone, 3rd February 2016

Posted on February 4th, 2016 | by | in Forex Trading Commentary | No Comments
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Trading Setups / Chart in Focus:

Gold – Gold uptrend continues

Gold continues to trend higher, in-line with our January 25th commentary in which we discussed the potential for this market to move higher. We see the potential for price to continue moving higher and re-test the key resistance zone up near 1170.00 – 1190.00 area if this uptrend holds. Traders can look for price action buy signals on the 1 hour, 4 hour or daily chart on any retraces back to the 8 / 21 day ema layer, in order to rejoin the uptrend from value.

gold

S&P500 – S&P500 trading below key resistance area

Whilst the S&P500 formed a bullish pin bar today, notice it isn’t at a confluent level and isn’t really protruding out from the surrounding price action. We prefer to wait for a sell signal from resistance in this market considering all the resistance overhead and the recent bearish momentum in this market.

sp500

For updates & trade ideas on these and other markets throughout the week, check our members daily newsletter.

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Special Note: This Month, Get 35% Off Nial Fuller's Professional Forex Course, Daily Trade Setups Newsletter, Traders Forum & Email Support Line - Ends February 29th - Learn More Here.
nialfuller

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial’s Forex Course here.

Axitrader

AUDUSD Moves Lower From Pin Bar Sell Signal – 2nd February 2016

Posted on February 3rd, 2016 | by | in Forex Trading Commentary | No Comments
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Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

Trading Setups / Chart in Focus:

AUDUSD – Aussie/dollar holds under resistance, falls from pin bar signal

The AUDUSD rotated lower today after retracing to just over the 50% level of the pin bar sell signal from last Friday that we discussed in our weekly forex commentary this week. If price continues to hold under 0.7100 resistance we could see it continue lower in the coming days, in-line with the long-term downtrend in this pair.

audusd

For updates & trade ideas on the AUDUSD and other markets throughout the week, check our members daily newsletter.

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Special Note: This Month, Get 35% Off Nial Fuller's Professional Forex Course, Daily Trade Setups Newsletter, Traders Forum & Email Support Line - Ends February 29th - Learn More Here.
nialfuller

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial’s Forex Course here.

Axitrader

Weekly Forex Commentary & Trade Ideas – February 1st to 5th 2016

Posted on February 1st, 2016 | by | in Forex Trading Commentary | 1 Comment
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Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

Trading Setups / Chart in Focus:

USDJPY – Dollar/yen explodes higher after price action buy signals

The USDJPY exploded higher on Friday following multiple price action buy signals that we discussed in our members trade setups newsletter as they formed last week. Notice the pin bar and fakey combo setup that formed last Tuesday and then the inside bar pattern that formed on Thursday, then on Friday we can see a huge breakout occurred. To see a recap of our initial members’ area analysis on this pairs, see our January 29th commentary. We could see more upside follow-through this week but be mindful of horizontal resistance levels as price could rotate lower, we see the next key resistance up near 123.50.

usdjpy

EURUSD – Euro/dollar choppy, in trading range

The EURUSD is still stuck within a trading range between 1.0800 support and resistance up near 1.1060. If price can break down through 1.0800 this week we could see it fall further, conversely, if that support level holds we may see price rotate higher and continue to chop sideways within this trading range.

eurusd

AUDUSD – Aussie/dollar forms bearish pin bar near resistance level

The AUDUSD moved up last week and tested resistance near 0.7100, however, as we can see on the chart below it could not close above that level, and formed a bearish pin bar reversal into Friday’s close. As we discussed in our January 27th commentary, we see the potential for price to rotate lower in the near-term if it cannot make a strong close above 0.7100 resistance.

audusd

Crude Oil – Long-term downtrend intact in Crude Oil

Crude Oil continues to be in a long-term downtrend, and despite the retracement to the upside / strength we saw last week, we prefer to be sellers of this market. Traders can watch for price action sell signals to consider shorts whilst the market trades below key resistance levels. Downside risk remains in this market whilst we remain below the resistance levels seen on the chart below and we expect the market to push lower again before it eventually weeds out all the shorts.

oil

S&P500 – S&P500 rallies after pin bar reversal buy signals

Back in our January 20th commentary we discussed a 4 hour and daily chart pin bar buy signal that formed down near 1830.00 support in the S&P500. Note that price rallied significantly higher last Friday, bringing a solid profit to anyone who held their long position based on our commentary from the 20th. We could see price try to push higher this week but there’s plenty of resistance coming in overhead that could cause price to reverse and fall in-line with the recent bearish momentum.

sp500

For updates & trade ideas on these and other markets throughout the week, check our members daily newsletter.

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Special Note: This Month, Get 35% Off Nial Fuller's Professional Forex Course, Daily Trade Setups Newsletter, Traders Forum & Email Support Line - Ends February 29th - Learn More Here.
nialfuller

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial’s Forex Course here.

Axitrader

Recent Trade Idea on USDJPY Yields Big Profits – 29th January 2016

Posted on January 29th, 2016 | by | in Forex Trading Commentary | No Comments
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Here’s one of the trade ideas we posted in our members daily trade setups newsletter this week. This trade potentially yielded a huge profit for those members who got on board…

January 26th 2016 – Dollar/yen pin bar fakey combo setup may push price higher.

The USDJPY formed a bullish pin bar / fakey setup today, indicating that price may continue to retrace to the upside following the recent reversal and rejection of 116.00 key support. The next key resistance is seen up near 120.30 area and price may try to re-test that level before resuming its recent downward track.

usdjpyX

January 28th 2016 – Dollar/yen forms inside bar pattern, potential breakout brewing.

The USDJPY has moved higher since our last discussion of it and the bullish pin / minor fakey setup that formed earlier this week. Notice an inside bar pattern formed today with room for this pair to move higher, perhaps to re-test 120.30 before moving lower again.

usdjpy2

USDJPY – Currently Exploding Higher As We Called In Our Analysis Above.

We can see that price exploded higher into Friday’s trading session, breaking up from the inside bar setup as well as the pin bar / fakey combo setup from earlier this week. If you want to receive trade ideas and analysis like this, join up to our members daily trade setups newsletter for more.

usdjpypin

For updates & trade ideas on these and other markets throughout the week, check our members daily newsletter.

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Sell Signals on AUDUSD and NZDUSD, 27th January 2016

Posted on January 28th, 2016 | by | in Forex Trading Commentary | No Comments
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Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

Trading Setups / Chart in Focus:

AUDUSD – Aussie/dollar pin bar forms at containment area

The AUDUSD tried to rally higher again today but it ran into the key level / resistance level up near 0.7085 and also made a 50% retrace of the last move lower before reversing, forming a pin bar reversal signal. If price can hold under this 0.7085 – 0.7100 containment area in the coming days, we see the potential for a resumption of the longer-term downtrend.

audusd

NZDUSD – Kiwi/dollar remains contained under resistance

The NZDUSD continues to be contained by the 8 / 21 day EMA resistance layer as well as horizontal resistance up near 0.6560 area. It has been choppy this week but it looks like it wants to continue falling at least in the near-term, with key support not seen until down near 0.6240 area.

nzdusd

For updates & trade ideas on these and other markets throughout the week, check our members daily newsletter.

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Special Note: This Month, Get 35% Off Nial Fuller's Professional Forex Course, Daily Trade Setups Newsletter, Traders Forum & Email Support Line - Ends February 29th - Learn More Here.
nialfuller

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial’s Forex Course here.

Axitrader

Previous Posts

Weekly Forex Commentary & Trade Ideas – January 25th to 29th 2016

Posted on January 25th, 2016 | by | in Forex Trading Commentary | 1 Comment
Weekly Forex Commentary & Trade Ideas – January 25th to 29th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD - Euro/dollar weakens and closes under 1.0800 support. The EURUSD fell lower on Friday, ending the week just under 1.0800 support. Below 1.0800 and we... Continue Reading

S&P500 False-break and Pin Bar Reversal at Key Support, 20th January 2016

Posted on January 21st, 2016 | by | in Forex Trading Commentary | No Comments
S&P500 False-break and Pin Bar Reversal at Key Support, 20th January 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: S&P500 - False-break of key support may send S&P500 higher The S&P500 broke under key support near 1850.00 / 1830.00 today before reversing most... Continue Reading

NZDUSD and NZDJPY Price Action Sell Signals, 19th January 2016

Posted on January 20th, 2016 | by | in Forex Trading Commentary | 1 Comment
NZDUSD and NZDJPY Price Action Sell Signals, 19th January 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: NZDUSD - Kiwi/dollar reverses into day's close, forming fakey sell signal The NZDUSD reversed today after trying to push higher but losing gains into the... Continue Reading

Weekly Forex Commentary & Trade Ideas – January 18th to 22nd 2016

Posted on January 18th, 2016 | by | in Forex Trading Commentary | 1 Comment
Weekly Forex Commentary & Trade Ideas – January 18th to 22nd 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD - Euro/dollar consolidates, holds above key support In the EURUSD weekly chart below, we can see that price basically ended last week unchanged after... Continue Reading

Price Action Sell Signals Form in the Yen Pairs, 13th January 2016

Posted on January 14th, 2016 | by | in Forex Trading Commentary | No Comments
Price Action Sell Signals Form in the Yen Pairs, 13th January 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: USDJPY - Dollar/Yen bearish pin bar in-line with trend The Japanese Yen pairs have all been very weak as of late, selling-off as the yen has strengthened... Continue Reading

Looking to Sell S&P500 on Strength, 12th January 2016

Posted on January 13th, 2016 | by | in Forex Trading Commentary | No Comments
Looking to Sell S&P500 on Strength, 12th January 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: S&P500 - S&P gains back slight ground, looking to sell from resistance The S&P500 has firmed up a little bit so far this week, gaining slight... Continue Reading

Weekly Forex Commentary & Trade Ideas – January 11th to 15th 2016

Posted on January 11th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – January 11th to 15th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD – Euro/dollar forms weekly fakey pin bar combo signal The EURUSD showed resilience last week while most of the other major FX pairs were selling... Continue Reading

AUDUSD Continues Selling-off From Pin bar, GBPUSD Hits Support, 7th January 2016

Posted on January 8th, 2016 | by | in Forex Trading Commentary | No Comments
AUDUSD Continues Selling-off From Pin bar, GBPUSD Hits Support, 7th January 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: AUDUSD - Aussie/dollar sell-off from pin bar continues, hits key support area The AUDUSD lost even more ground today as the sell-off continues following the... Continue Reading

AUDUSD Falls After Pin Bar Sell Signal, S&P500 Rotates Lower, 5th January...

Posted on January 6th, 2016 | by | in Forex Trading Commentary | No Comments
AUDUSD Falls After Pin Bar Sell Signal, S&P500 Rotates Lower, 5th January 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: AUDUSD - Aussie/dollar moves lower from pin bar signal The AUDUSD continued to fall lower today following a big move lower yesterday after the pin bar sell... Continue Reading

Weekly Forex Commentary & Trade Ideas – January 4th to 8th 2016

Posted on January 4th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – January 4th to 8th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD - Euro/dollar continues to consolidate under key resistance Last week, the EURUSD moved slightly lower in what was a choppy / sideways holiday week.... Continue Reading

Weekly Forex Commentary & Trade Ideas – December 28th to January 1st 2016

Posted on December 28th, 2015 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – December 28th to January 1st 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD -Euro/dollar moving sideways below key resistance The EURUSD has basically just been meandering sideways over the last two weeks just below the key... Continue Reading

Merry Christmas and Happy Holiday’s from Nial Fuller

Posted on December 24th, 2015 | by | in Forex Trading Commentary | 1 Comment
Merry Christmas and Happy Holiday’s from Nial Fuller
We would like to wish all our followers a very Merry Christmas and Happy Holiday's. Trading conditions will be quiet over the holiday period so traders are advised to take a break and relax. Normal daily market commentary will resume on December 28th. We are all looking forward to an exciting... Continue Reading

Looking for Price Action Sell Signal in USDJPY – 22nd December 2015

Posted on December 23rd, 2015 | by | in Forex Trading Commentary | No Comments
Looking for Price Action Sell Signal in USDJPY – 22nd December 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: USDJPY - Dollar/yen massive bearish reversal We can see on the weekly USDJPY chart below that a massive bearish pin bar reversal formed last week as price... Continue Reading

Weekly Forex Commentary & Trade Ideas – December 21st to 25th 2015

Posted on December 21st, 2015 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – December 21st to 25th 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD - Euro/dollar moves lower from price action signals After or recent discussion of the EURUSD in our December 16th commentary, it moved lower, falling... Continue Reading

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