Login




Get Nial Fuller's Professional Price Action Forex Trading Course - Click Here

Forex Trade Setups Commentary: AUDJPY price action

The daily chart of the AUDJPY has provided a couple very nice price action setups lately. We can see in the chart below a pin bar and inside bar setup that formed within the last 5 trading days. The inside bar setup was posted in our member’s commentary yesterday before it came off to the downside.

These price action setups developed just below the solid resistance level near 77.60 and occurred within the context of a weakening market, both of these factors added confluence to the setups. We see support coming in near 74.60.

1282255595-clip-12kb

For a more in-depth analysis of the major forex currency pairs and price action analysis, please check out my forex trading course.

Commentary:

Investors flocked to safe havens like the U.S. dollar, Japanese yen and Swiss franc today in the currency markets on signs the global economy is stalling. Gold rose for the sixth consecutive day.

The Dow lost 144.33 points, or 1.39 percent, the S&P 500 dropped 18.53 points, or 1.69 percent, and the Nasdaq lost 36.75 points, or 1.66 percent.


Leave a Comment

Recent Posts in Trade Setups Commentary

Weekly Market Commentary, June 23rd 2016 BREXIT Vote

Posted on June 20th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Market Commentary, June 23rd 2016 BREXIT Vote
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD and GBPUSD - Expect increased volatility as Brexit vote looms... We're steering clear of EURUSD and GBPUSD headed into the British Referendum (Brexit Vote) scheduled for later this week... Continue Reading

Potential Trades on GBPUSD and AUDUSD, 15th June 2016

Posted on June 16th, 2016 | by | in Forex Trading Commentary | No Comments
Potential Trades on GBPUSD and AUDUSD, 15th June 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar remains contained under key levels The GBPUSD has continued to weaken so far this week, and as we discussed in our weekly outlook this week we are still looking to sell... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – June 13th to 17th 2016

Posted on June 13th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Trade Setups Ideas & Market Analysis – June 13th to 17th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar stays contained under key resistance zone, forms fakey In the chart below we can see the EURUSD remained contained under 1.1410 - 1.1440 key resistance zone last week. You... Continue Reading

GBPUSD Still Contained Under Resistance as ‘Brexit’ Vote Looms, 9th...

Posted on June 10th, 2016 | by | in Forex Trading Commentary | No Comments
GBPUSD Still Contained Under Resistance as ‘Brexit’ Vote Looms, 9th June 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar bearish tails as resistance continues to contain price As discussed in our previous commentary on the GBPUSD, the key resistance level up near 1.4730 continued to contain... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – June 6th to 10th 2016

Posted on June 6th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Trade Setups Ideas & Market Analysis – June 6th to 10th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar resistance continues to contain price In the GBPUSD daily chart below, you can see a strong level of resistance at 1.4730 area, notice that this level has contained price... Continue Reading

Leave a Comment

Your email address will not be published. Required fields are marked *

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Copyright 2008-2016 Learn To Trade The Market
legal