Christmas Promotion

Get 40% Off Life-Time Membership

Get Life-Time Acess To Nial Fuller's Forex Trading Course, Daily Trade Setups Newsletter, Live Trading Forum, Traders Community & Email Support Line.

For More Information Click Here
Christmas Special : Get 40% Off My Forex Trading Course & Daily Trade Setups Newsletter Click Here

Learn Price Action Forex Trading With Nial Fuller

Gold Gets Smashed, NZDUSD Downtrend Continues, 20th June 2013

Posted on June 21st, 2013 | by | in Forex Trading Commentary | 1 Comment

Trading Setups / Chart in Focus:

Gold – Gold market falls significantly lower

The spot Gold market fell dramatically lower today and broke right through that $1,335.00 – $1,320.00 support area that we discussed in Tuesday’s commentary. In our members’ commentary and trading forum recently, we’ve been discussing the possibility for a large sell-off to take place in the Gold market given the double bearish pin bars that formed on the weekly chart recently and the weakening price action on the daily chart. Many of our members were still short today from the fakey signal that we discussed back in our June 10th commentary, showing the power of patience and ‘set and forget trading’. From here, traders can continue watching for price action sell signals from resistance on any retrace higher in order to trade in-line with the downtrend.

xauusd

NZDUSD – Kiwi/dollar continues losing ground

The NZDUSD continued losing ground today and broke down past the support at 0.7760, closing the day just under that level. Note the market has lost significant ground since we first discussed the 4 hour fakey sell signal back in our June 14th commentary, showing the power of trading in-line with the daily chart trend from key levels. The downtrend is still clearly in control here and traders can look for price action sell signals to trade in-line with the trend on any rotations back up to resistance in the 8 / 21 day EMA resistance layer.

nzdusd

Want more commentary and trade ideas?– If you would like to receive more market commentary and trade setups, I publish a daily newsletter for members which includes more charts and analysis covering Forex, Indices and Commodities: Click Here

Check out my latest trading lesson: Trading Is a Game of Anticipation, Not Reaction

————————————————————————————————————————————————————————–
EOFY June Special Promotion: This month, I am offering a very special discount on lifetime access to my price action trading courses, members daily newsletter, trade setups forum, email support line & more. For more information Click Here.
————————————————————————————————————————————————————————–

Forex Commentary:

In the currency markets today, the U.S. dollar gained significant strength against the other majors again. The greenback pushed up to a two-week high against most of the other majors on the back of news that the Federal Reserve will begin to withdrawal its stimulus program this year if the U.S. economy continues to improve.

The greenback was up around 1 percent against the Japanese yen and gained about 0.6 percent on the euro. The Australian dollar hit a 33-month low versus the U.S. dollar today as data showed that China’s economy continues to slow. The New Zealand dollar was down about 1.8 percent against the greenback today.

Other Markets:

In the U.S. markets today, stocks sold-off and the S&P 500 posted its biggest daily loss since November 11, 2011 as investors grew increasingly concerned over the Federal Reserve’s plans to start scaling back its stimulus program later this year.

The Dow dropped 353.87 points, or 2.34 percent, the S&P 500 lost 40.74 points, or 2.50 percent, and the Nasdaq lost 78.57 points, or 2.27 percent.

Upcoming important economic announcements (New York time): 6/21/2013

2:35am EST: Japan – BOJ Gov Kuroda Speaks
8:30am EST: Canada – Core CPI m/m
8:30am EST: Canada – Core Retail Sales m/m


Leave a Comment

Recent Posts in Trade Setups Commentary

Is The Gold Market Setting Up For A Sell-Off? 18th December 2014

Posted on December 19th, 2014 | by | in Forex Trading Commentary | No Comments
Is The Gold Market Setting Up For A Sell-Off? 18th December 2014
Trading Setups / Chart in Focus: Gold – Potential selling opportunity in Gold The spot Gold market has shown signs of weakness this week as we can see with the bearish pin bar signal that formed Tuesday and the bearish tailed reversal bar from today. Whilst this market is looking bearish... Continue Reading

U.S. Dollar Bullish Run Continues, 17th December 2014

Posted on December 18th, 2014 | by | in Forex Trading Commentary | No Comments
U.S. Dollar Bullish Run Continues, 17th December 2014
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. EURUSD - Euro/dollar falls significantly lower The EURUSD fell significantly lower today as price reversed sharply after yesterday’s move higher. Note, price didn’t quite make it back up to... Continue Reading

Is This a Buying Opportunity on YEN pairs? 16th December 2014

Posted on December 17th, 2014 | by | in Forex Trading Commentary | No Comments
Is This a Buying Opportunity on YEN pairs? 16th December 2014
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Trading Setups / Chart in Focus: USDJPY and GBPJPY – Major yen pairs pullback within broader-term uptrends The major Japanese yen currency pairs are currently in corrective phases within... Continue Reading

Weekly Forex Market Price Action Outlook – December 15th – 19th 2014

Posted on December 15th, 2014 | by | in Forex Trading Commentary | No Comments
Weekly Forex Market Price Action Outlook – December 15th – 19th 2014
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. EURUSD - Euro/dollar hovering just below important resistance level The EURUSD consolidated on Friday, gaining modest ground in the process and forming an inside bar, however price stayed... Continue Reading

EURUSD Still Contained Below 1.2500, USDJPY Finds Support, 11th December 2014

Posted on December 12th, 2014 | by | in Forex Trading Commentary | No Comments
EURUSD Still Contained Below 1.2500, USDJPY Finds Support, 11th December 2014
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here. Trading Setups / Chart in Focus: EURUSD – Euro/dollar holds under 1.2500 resistance The EURUSD lost ground today as the market rallied up to the key resistance near 1.2500 that we’ve... 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