Special Note: Get 35% Off Nial Fuller's Forex Trading Course & Daily Trade Setups Newsletter (Ends Feb 29th) - Click Here
Nial Fuller's Learn To Trade The Market - Professional Trading Education Since 2008

Trading Setups / Chart in Focus:

AUDUSD

The AUDUSD surged higher today and ended the day just under the key resistance level through 1.0445. If price can continue pushing higher in the next 24 hours, we could see a continuation of the recent surge higher and a move above 1.0445 resistance. However, we could see a rotation lower from this key resistance, if that happens we will watch closely for price action buy setups from support. The closest key support is seen near 1.0330.

1347405295-clip-18kb

Check out my latest trading lesson: How To Trade Trends In Forex – A Complete Guide

————————————————————————————————————————————————————————–
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 euro surged to four-month highs versus the U.S. dollar as traders anticipate another round of economic stimulus from the Federal Reserve later this week.

The U.S. dollar lost ground against all the other majors today as the anticipation of more economic stimulus out of the U.S. is working to weaken the greenback.

Other Markets:

In the U.S. markets today, the Dow moved to its highest level in almost five years ahead of important economic news out of Germany and the U.S. that could add more fuel to the recent rally.

The Dow added 69.07 points, or 0.52 percent, the S&P 500 added 4.48 points, or 0.31 percent, and the Nasdaq added 0.50 point, or 0.02 percent.

Upcoming important economic announcements (New York time): 09/12/2012

Tentative: Euro-zone – German Constitutional Court Ruling
All Day: Euro-zone – Dutch Parliamentary Election
4:30am EST: Britain – Claimant Count Change
5:00pm EST: New Zealand – Official Cash Rate
5:00pm EST: New Zealand – RBNZ Press Conference
5:00pm EST: New Zealand – RBNZ Rate Statement

Axitrader

Leave a Comment

Recent Posts in Trade Setups Commentary

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

Posted on February 8th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – February 8th to 12th 2016
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... Continue Reading

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

Posted on February 4th, 2016 | by | in Forex Trading Commentary | No Comments
Gold Continues Higher, S&P500 Facing Key Resistance Zone, 3rd February 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here 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... Continue Reading

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

Posted on February 3rd, 2016 | by | in Forex Trading Commentary | No Comments
AUDUSD Moves Lower From Pin Bar Sell Signal – 2nd February 2016
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... Continue Reading

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

Posted on February 1st, 2016 | by | in Forex Trading Commentary | 1 Comment
Weekly Forex Commentary & Trade Ideas – February 1st to 5th 2016
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... Continue Reading

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

Posted on January 29th, 2016 | by | in Forex Trading Commentary | No Comments
Recent Trade Idea on USDJPY Yields Big Profits – 29th January 2016
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... 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