March Membership Special: Get 25% Off Nial Fuller's Pro Forex Course & Daily Video Newsletter - Ends March 31st - Click Here

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

Axitrader

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

EURUSD Fakey Sell Signal, USDJPY and S&P Pin Bar Buy Signals, 26th March...

Posted on March 27th, 2015 | by | in Forex Trading Commentary | No Comments
EURUSD Fakey Sell Signal, USDJPY and S&P Pin Bar Buy Signals, 26th March 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD – Euro/dollar fakey sell signal at resistance The EURUSD moved up just beyond 1.1050 today, hitting a high of 1.1052 before reversing into the day’s... Continue Reading

EURUSD Nears Potential Sell Area, S&P 500 Potential Buy Area, 25th March...

Posted on March 26th, 2015 | by | in Forex Trading Commentary | No Comments
EURUSD Nears Potential Sell Area, S&P 500 Potential Buy Area, 25th March 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD – Euro / dollar approaching sell-zone The EURUSD moved slightly higher today as price consolidated within the range of yesterday’s bar, forming an... Continue Reading

Key Levels to Watch on EURUSD and Crude Oil This Week, 23rd March 2015

Posted on March 24th, 2015 | by | in Forex Trading Commentary | No Comments
Key Levels to Watch on EURUSD and Crude Oil This Week, 23rd March 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD – Euro/dollar bearish bias remains The EURUSD is still contained under the key resistance level up near 1.1100 that we talked about yesterday. There... Continue Reading

Weekly Forex Trade Setups Preview – March 23th – 27th 2015

Posted on March 23rd, 2015 | by | in Forex Trading Commentary | No Comments
Weekly Forex Trade Setups Preview – March 23th – 27th 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro / dollar potential selling opportunity between 1.1100 - 1.1000 The EURUSD remains contained under the key resistance area up between 1.1100 to 1.1000. This week, we will look to... Continue Reading

EURUSD Sells Off, USDJPY Pushes Higher from Pin Bar Signals, 19th March 2015

Posted on March 20th, 2015 | by | in Forex Trading Commentary | No Comments
EURUSD Sells Off, USDJPY Pushes Higher from Pin Bar Signals, 19th March 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD – Euro/dollar sells off following intraday pin bar signal The EURUSD sold off today following the 1 hour pin bar sell signal that we discussed in our... 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