MEMBERSHIP SPECIAL: Get 40% Off Life-Time Access to Nial Fuller's Professional Trading Course - Ends FEB 28th - Click Here

Login

Trading Setups / Chart in Focus:

EURUSD

The EURUSD pushed higher today as buying interest continued and the pair found support off the 8 day EMA. We can see a pin bar setup from July 18th that clued traders in to this recent move higher. Watch the resistance zone marked in the chart below, from about 1.4575 to 1.4700.

1311720755-clip-10kb

AUDUSD

The AUDUSD pushed substantially higher today. We can see that yesterday the pair found support off the previous trading range high / current support level near 1.0790 and has shot higher since. Watch resistance near 1.1010, this level could prove important to watch for price action setups.

1311722407-clip-10kb

Check out this cool new Forex trading lesson: Are You Addicted To Forex Trading?

Important Note:
This Month I Am Offering A Special Discount On Lifetime Access To My Price Action Forex Trading Course & Members Trading Community. You Can Check Out More Information On My Forex Trading Course Here.

Forex Commentary:

The dollar dropped broadly on Tuesday and investors expected it to continue to depreciate as long as U.S. lawmakers fail to reach a compromise on a budget plan to prevent the country from defaulting on its debt.

The dollar hit a record low against the Swiss franc, a traditional safe haven, falling below a key option barrier at 0.80 franc. It also dropped to a four-month trough versus the yen and a three week low versus the euro.

The euro hit a session high of $1.4525, its strongest July 5. It was last at $1.4518, up 1 percent.

Other Markets:

On Wall Street today stocks lost ground for a second day in a row as debt talks held sentiment down. Light volume showed investors were reluctant to make large bets even in the face of another round of solid earnings.

The Dow lost 91.50 points, or 0.73 percent, the S&P 500 lost 5.49 points, or 0.41 percent, and the Nasdaq lost 2.84 points, or 0.10 percent.

Upcoming important economic announcements: 7/27/2011

5:30am EST: Switzerland – KOF Economic Barometer
8:30am EST: United States – Core Durable Goods Orders m/m
5:00pm EST: New Zealand – Official Cash Rate
5:00pm EST: New Zealand – RBNZ Rate Statement


Leave a Comment

Recent Posts in Trade Setups Commentary

Weekly Market Analysis & Trade Ideas by Nial Fuller – Feb. 27th to...

Posted on February 27th, 2017 | by | in Forex Trading Commentary | 1 Comment
Weekly Market Analysis & Trade Ideas by Nial Fuller – Feb. 27th to March 3rd 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar bears remain in control The EURUSD fell lower again last week as price continues to trend lower, however, it is still trading just above 1.0520 support area; a level price... Continue Reading

Weekly Trade Ideas & Market Commentary by Nial Fuller – February...

Posted on February 20th, 2017 | by | in Forex Trading Commentary | 3 Comments
Weekly Trade Ideas & Market Commentary by Nial Fuller – February 20th to 24th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar still contained under key resistance The EURUSD fell lower last week, but recouped most losses into the week's close after bouncing at 1.0520 key long-term support. We still... Continue Reading

Pullback in Gold Presents Buying Opportunity – 14th February 2017

Posted on February 15th, 2017 | by | in Forex Trading Commentary | 1 Comment
Pullback in Gold Presents Buying Opportunity – 14th February 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Gold - Gold pulling back to support levels, looking to buy As we have discussed in our recent Gold commentaries, prices have been buoyant following a recent bottom that was carved in down near... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – February 13th...

Posted on February 13th, 2017 | by | in Forex Trading Commentary | No Comments
Weekly Trade Ideas & Market Analysis by Nial Fuller – February 13th to 17th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar stays contained under key resistance area The EURUSD fell modestly lower last week, following a small bearish fakey with pin bar that formed last week in the resistance... Continue Reading

Potential GBPUSD Buying Opportunity After Pin Bar Signal – 7th February...

Posted on February 8th, 2017 | by | in Forex Trading Commentary | No Comments
Potential GBPUSD Buying Opportunity After Pin Bar Signal – 7th February 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar pin bar buy signal from support The GBPUSD has been flirting with a key support level near 1.2400 in recent weeks, a level we mentioned as a potential buy area in our... 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.

legal
Copyright 2008-2017 Learn To Trade The Market