Login
July Special: Get 35% Off Life-Time Access to Nial Fuller's Professional Trading Course – Ends July 31st - Click Here

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


Leave a Comment

Recent Posts in Trade Setups Commentary

Weekly Trade Setups Ideas & Market Analysis – July 18th to 22nd 2016

Posted on July 18th, 2016 | by | in Forex Trading Commentary | 1 Comment
Weekly Trade Setups Ideas & Market Analysis – July 18th to 22nd 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar contained under key over-head resistance Over the last three weeks, the EURUSD has essentially been consolidating, moving sideways following the large sell-off we saw after... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 11th to 15th 2016

Posted on July 11th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Trade Setups Ideas & Market Analysis – July 11th to 15th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar falls back under 1.1100 The EURUSD consolidated last week and ended the week slightly lower after falling back under 1.1100 resistance. Notice that a false break / fakey... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 4th to 8th 2016

Posted on July 4th, 2016 | by | in Forex Trading Commentary | 1 Comment
Weekly Trade Setups Ideas & Market Analysis – July 4th to 8th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar still contained under key resistance The EURUSD retraced modestly higher last week following the previous week's huge sell-off after the Brexit results. We can see price... Continue Reading

Waiting for a Buy Signal in Gold, S&P500 Approaching Key Level, 29th June...

Posted on June 30th, 2016 | by | in Forex Trading Commentary | No Comments
Waiting for a Buy Signal in Gold, S&P500 Approaching Key Level, 29th June 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Gold - Gold pulling back, looking for a buy signal to get long As we discussed in this week's weekly market outlook, we are waiting for a further pullback in Gold followed by a price action buy... Continue Reading

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

Posted on June 27th, 2016 | by | in Forex Trading Commentary | 1 Comment
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

Now I want to hear from you! - Click Here to Leave a Comment

One Comment

  1. Buddy says:

    Knwoeldge wants to be free, just like these articles!

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