Login




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

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

AUDUSD Remains Technically Weak, Gold Approaching Long-Term Value – 25th...

Posted on May 26th, 2016 | by | in Forex Trading Commentary | No Comments
AUDUSD Remains Technically Weak, Gold Approaching Long-Term Value – 25th May 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here AUDUSD - Aussie/dollar technical view remains weak As we have discussed in our recent commentaries, the AUDUSD is in a downtrend and it is looking very bearish under the technical resistance at... Continue Reading

Trade Ideas & Chart Analysis For The Week Ahead, May 23rd to 27th 2016

Posted on May 23rd, 2016 | by | in Forex Trading Commentary | 1 Comment
Trade Ideas & Chart Analysis For The Week Ahead, May 23rd to 27th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD- Euro/dollar update Since discussing the bearish daily pin bar and bearish bias on EURUSD under the 1.1420 key level in our members weekly commentary last fortnight, the EURUSD price has... Continue Reading

The Aussie Dollar is in Free Fall – Here’s How I’m Trading...

Posted on May 19th, 2016 | by | in Forex Trading Commentary | No Comments
The Aussie Dollar is in Free Fall – Here’s How I’m Trading It, 19th May 2016
AUDUSD - Aussie/dollar bears continue to push price lower The AUDUSD continued lower yesterday following a brief retrace higher on Tuesday which I mentioned in recent members daily newsletters and in the live forum as a selling opportunity. In-line with our views in this week's weekly forex... Continue Reading

Trade Ideas & Chart Analysis For The Week Ahead, May 16th to 20th 2016

Posted on May 16th, 2016 | by | in Forex Trading Commentary | 1 Comment
Trade Ideas & Chart Analysis For The Week Ahead, May 16th to 20th 2016
EURUSD - Euro/dollar bears still in control, at least temporarily As we discussed last week in our members trade setups newsletters, the EURUSD false-broke above 1.1450 recently and near-term we see this pair as being more bearish. Whilst under the high of the daily chart pin bar from May 6th,... Continue Reading

Price Action on NZDUSD & AUDUSD Suggests More Weakness To Come –...

Posted on May 13th, 2016 | by | in Forex Trading Commentary | No Comments
Price Action on NZDUSD & AUDUSD Suggests More Weakness To Come – 12th May 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trade Setups / Chart in Focus: NZDUSD - Kiwi/dollar stalls at resistance Notice the small bearish reversal bar that formed today in the NZDUSD, in-line with the recent sell-off we saw in this... 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