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Nial Fuller's Price Action Forex Trading Community

Nial Fuller - Professional Forex Trader, Coach & Author

nialfullerNial Fuller is considered 'The Authority' on Price Action Trading. Since starting this blog in 2008 he has written more than 1700 posts and has taught more than 15,000 students via his Professional Forex Trading Courses. Today he has a dedicated following of more than 250,000 traders across 100 + countries including Australia, Singapore, UK, Malaysia, Canada & USA. If you are an aspiring forex trader looking for a genuine trading education, this site is for you. Read More about Nial Fuller here

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Forex Trading Commentary

Daily Forex Trading Commentary, Price Action Trade Setups & Signals by Nial Fuller

AUDUSD Hits Key Resistance, Gold Update, 28th August 2014

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Want More Trade Ideas ?  I publish a members only daily trade setups newsletter which includes analysis on Forex, Indices and Commodities. For more info visit the Trade Setups Newsletter Page Here.

Trading Setups / Chart in Focus:

AUDUSD – Aussie/dollar moves into key near-term resistance

The AUDUSD moved up into key near-term resistance at 0.9374 today, as we discussed as a potential in this week’s weekly price action outlook. Advanced price action traders may have entered short on a ‘blind sell entry’ near 0.9374. We are seeing an important containment area really from 0.9374 to about 0.9400, and as long as the market stays below that area on a closing basis, we could see prices move lower in the coming days.

audusd

Gold – Spot Gold moves higher but pares gains again

The spot Gold market continued higher today, moving up to a high of $1296 before backing off those highs into the close. As we discussed in our members trade setups forum yesterday, we wanted to give the pin bar sell signal from yesterday a bit of a wider stop. Following today’s bearish tailed bar and yesterday’s bearish pin bar, this market is still looking like it wants to fall; near-term momentum is still bearish. If price weakens from here and takes out the lows near $1270 in the coming days, we could see a larger move lower. However, should price continue retracing higher, we will still look to be sellers, but perhaps from a little further up should another price action sell signal form.

gold

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Fundamental Commentary & Upcoming Economic News

Forex Commentary:

In the currency markets today, the U.S. dollar got a slight boost from stronger-than-expected U.S. economic data and an increase in tensions in the Ukraine crisis which worked to weigh on the already weak euro.

Safe-haven currencies like the Japanese yen and Swiss franc rose today. The greenback was down about 0.1 percent against the yen and was basically flat against the Swiss franc.

Other Markets:

In the U.S. markets today, stocks fell lower following the latest flare-up in tensions between Ukraine and Russian forces.

The Dow lost 42.44 points or 0.25 percent, the S&P 500 lost 3.32 points or 0.17 percent, and the Nasdaq lost 11.93 points or 0.26 percent..

Upcoming important economic announcements (New York time): 8/28/2014

9:00pm EST: New Zealand – ANZ Business Confidence

8/29/2014

5:00am EST: Euro-zone - CPI Flash Estimate y/y
8:30am EST: Canada – GDP m/m
9:45am EST: United States – Chicago PMI

August Forex Course Special: This Month I'm Offering A Special Discount On Life-Time Access To My Forex Trading Courses, Live Trade Setups Newsletter, Live Trading Forum & Email Support Line – For More Info Click Here.
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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.

Gold Pin Bar Sell Signal Update, EURUSD Downtrend Intact, 27th August 2014

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Gold – Spot Gold consolidates following pin bar sell... Continue Reading

Gold Forms Bearish Pin Bar after Retrace Higher, 26th August 2014

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Gold – Gold pin bar hints at potential for more... Continue Reading

Weekly Forex Market Price Action Outlook – August 25th – 29th, 2014

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Weekly Forex Market Price Action Outlook – August 25th – 29th, 2014 Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. EURUSD - Euro/dollar... Continue Reading

AUDUSD Heading Toward Resistance, USDJPY Still Strong, 22nd August 2014

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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 still contained under... Continue Reading

Gold Weakens Further, AUDUSD Update, 21st August 2014

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Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Trading Setups / Chart in Focus: Gold – Gold continues falling The spot Gold market... Continue Reading

AUDUSD Falls from Fakey, Gold Update, 20th August 2014

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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 begins falling after fakey sell... Continue Reading

EURUSD Continues Falling, AUDUSD Fakey Signal, S&P 500 Update, 19th August...

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Trading Setups / Chart in Focus: AUDUSD - Aussie/dollar fakey sell signal from resistance In our weekly price action outlook from this week, we discussed the importance of the key resistance... Continue Reading

Weekly Forex Market Price Action Outlook – August 18th – 22nd, 2014

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Weekly Forex Market Price Action Outlook – August 18th – 22nd, 2014 Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. EURUSD - Euro/dollar... Continue Reading

Gold Pin Bar Sell Signal Trade Update, 15th August 2014

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Gold – Gold falls lower The spot Gold market fell... Continue Reading

EURUSD Bearish Tailed Bars Could See Lower Prices, 14th August 2014

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Trading Setups / Chart in Focus: EURUSD –Euro/dollar bearish momentum intact The EURUSD pushed higher early in today’s session but reversed all gains into the close for the second day in... Continue Reading

AUDUSD Approaching Key Resistance, GBPJPY Falls, 13th August 2014

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. AUDUSD – Aussie/dollar approaching potential... Continue Reading

Gold Moves Into Sell Zone, Forms Another Pin Bar, 12th August 2014

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Trading Setups / Chart in Focus: Gold – Gold forms another bearish pin bar Today, the spot Gold market retraced up to the sell area between $1312.00 - $1323.00 that we discussed in our August... Continue Reading

Gold Pin Bar Sell Signal, GBPUSD Potential Buy Near 1.6700 – 11th August...

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. GBPUSD – Sterling/dollar approaching key support, watching... Continue Reading

Weekly Forex Market Price Action Outlook – August 11th – 15th, 2014

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Weekly Forex Market Price Action Outlook – August 11th – 15th, 2014 Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. EURUSD - Waiting for... Continue Reading

S & P 500 Index Potential Buying Opportunity Off Key Support Level

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. S & P 500 - US stock market index's are pushing into long... Continue Reading

AUDUSD Fails at Key Level, More Weakness Possible, 5th August 2014

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charting Platform Here. AUDUSD – Aussie/dollar falls lower, stays contained under... Continue Reading

Weekly Forex Market Price Action Outlook – August 4th – 8th, 2014

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Weekly Forex Market Price Action Outlook - August 4th - 8th, 2014 Note: We Use ‘New York Close Charts’ – Get Our Preferred Charting Platform Here. EURUSD - Euro/dollar downtrend... Continue Reading

Trading Opportunities in U.S. markets after Renewed Violatility, 31st July 2014

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Trading Setups / Chart in Focus: S&P 500 – S&P sells off, bearish momentum takes hold The S&P 500 sold off aggressively today following multiple recent failed attempts to extend... Continue Reading

GBPJPY Breaks Higher from Inside Bars, Oil Continues Lower, 30th July 2014

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Trading Setups / Chart in Focus: Note: We Use ‘New York Close Charts’ – Get Our Preferred Charting Platform Here. GBPJPY – Sterling/yen breaks up from inside bar cluster The GBPJPY... Continue Reading

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