Learn To Trade Price Action with Nial Fuller...
PRICE ACTION FOREX TRADING COURSE
GOLD:
In yesterday’s gold commentary we discussed the large pin bar that formed off support near 1210.00.
Today price has pushed higher off this well defined pin bar setup and it looks to be building positive momentum.
For more information on trading price action with the gold market click here: Price action trend trading with Gold.
GBPUSD:
In our last GBPUSD commentary we discussed the small pin bar setup that formed showing rejection of the 8 and 21 day EMA.
Price has since come off to the downside providing traders with a nice entry into this weakening market.
For a more in-depth analysis of the major forex currency pairs and price action analysis, please check out my forex trading course.
Commentary:
The U.S. dollar was mostly weaker today but only modestly. The greenback did manage to grind out a modest gain on the New Zealand dollar with a larger gain coming against the Japanese yen.
The Japanese yen gave up some of yesterday’s big gains against the other majors today, however the yen still remains strong against most of the other majors.
The Dow gained 19.38 points, or 0.19 percent, the S&P 500 added 3.47 points, or 0.33 percent, and the Nasdaq added 17.78 points, or 0.84 percent.
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