Announcement: Nial Fuller Releases 'Price Action Forex Trading Mastery Course - 2nd Edition' - Click Here

Nial Fuller's Price Action Forex Trading Education Community - Learn, Trade, Profit

Forex Commentary: EURUSD and AUDUSD recap, 26th July 2011

Posted on July 27th, 2011 | by | in Forex Trading Commentary | No Comments

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

Is Gold Setting Up for a Buy Here? 29th January 2015

Posted on January 30th, 2015 | by | in Forex Trading Commentary | No Comments
Is Gold Setting Up for a Buy Here? 29th January 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: Gold – Gold approaching confluent support level The Gold market has reconnected below 1280.00, but as you know from our previous commentaries we’ve been... Continue Reading

Gold Remains Buoyant after Testing Support, 27th January 2015

Posted on January 28th, 2015 | by | in Forex Trading Commentary | No Comments
Gold Remains Buoyant after Testing Support, 27th January 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: Gold – Gold remains buoyant after testing 1280.00 support As we discussed in this week’s weekly outlook, Gold is looking bullish and we can see that today... Continue Reading

Weekly Forex Trade Setups Preview – January 26th – 30th 2015

Posted on January 26th, 2015 | by | in Forex Trading Commentary | No Comments
Weekly Forex Trade Setups Preview – January 26th – 30th 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPJPY - Sterling/dollar selling off The GBPJPY has weakened considerably in recent weeks and we could see more downside movement in the coming days if bears remain in control. I am personally... Continue Reading

USDJPY Strength Continues, Looking to Buy Pullbacks, 22nd January 2015

Posted on January 23rd, 2015 | by | in Forex Trading Commentary | No Comments
USDJPY Strength Continues, Looking to Buy Pullbacks, 22nd January 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Trading Setups / Chart in Focus: USDJPY – Dollar / yen stays buoyant after pushing up from key support The USDJPY has remained strong this week and price has pushed up and away from the key... Continue Reading

Bracing for EURUSD Volatility Ahead of ECB, Gold Update, 21st January 2015

Posted on January 22nd, 2015 | by | in Forex Trading Commentary | No Comments
Bracing for EURUSD Volatility Ahead of ECB, Gold Update, 21st January 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Trading Setups / Chart in Focus: EURUSD – Euro/dollar consolidating ahead of ECB meeting The EURUSD gained back modest ground today and price consolidated ahead of tomorrow’s European... Continue Reading

Leave a Comment

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

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Sign up for Free Videos & Trade Setups
   Close

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 2008-2014 Learn To Trade The Market
legal