Login




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

Trading Setups / Chart in Focus:

AUDUSD

The AUDUSD pin bar reversal setup that we discussed in this week’s weekly price action outlook has come off lower today. We can see this setup showed a strong rejection of the key near-term resistance through 1.0600 and price is subsequently moving lower. We see key support coming in close below just above 1.0400 level. We see today’s move as just a downward retrace in the broader uptrend in this market, if you zoom out on your daily and weekly charts you can see this market has had a strong underlying bullish bias for some time now.

1347923778-clip-17kb

Check out my latest trading lesson: How To NOT Blow Up Your Trading Account

————————————————————————————————————————————————————————–
September Special Promotion- This month I’m offering a Special Discount on Lifetime membership to my Forex Course, Live Trade Setups Forum, Daily Trade Setups Newsletter, Email support line, and more. For more info visit the Forex Course Page Here.
————————————————————————————————————————————————————————–

Forex Commentary:

In the currency markets today, the Japanese yen weakened across the board as traders speculate that the Bank of Japan will easy monetary policy again soon, which will weaken the yen.

The euro lost slight ground to the U.S. dollar today, falling to $1.3114 from $1.3129 last Friday. The U.S. dollar was mostly higher against the other majors with the exception being the British pound which it lost ground to.

Other Markets:

In the U.S. markets today, stocks lost ground in what were light trading conditions as the recent rally took a breather.

The Dow lost 40.27 points, or 0.30 percent, the S&P 500 dropped 4.58 points, or 0.31 percent, and the Nasdaq lost 5.28 points, or 0.17 percent.

Upcoming important economic announcements (New York time): 09/18/2012

4:30am EST: Britain – CPI y/y
5:00am EST: Euro-zone – German ZEW Economic Sentiment
Tentative: Britain – BOE Inflation Letter
6:45pm EST: New Zealand – Current Account
Tentative: Japan – Monetary Policy Statement
Tentative: Japan – Overnight Call Rate


Leave a Comment

Recent Posts in Trade Setups Commentary

Weekly Market Commentary – Trading the BREXIT Fallout – June 27th...

Posted on June 27th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Market Commentary – Trading the BREXIT Fallout – June 27th to July 1st 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here It was a wild 48 hours of trading late last week in the FX markets, particularly in the GBPUSD and GBP crosses. Heading into the UK referendum (Brexit) vote, the market was pricing in a 75% chance... Continue Reading

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

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