Login
July Special: Get 35% Off Life-Time Access to Nial Fuller's Professional Trading Course – Ends July 31st - Click Here

Trading Setups / Chart in Focus:

XAUUSD

The Spot Gold market finally found some resistance today after pushing up to a high of about $1747.00 and then reversing sharply to end the day with a loss over yesterday at $1730.00. We can see a fakey strategy with pin bar formed today as everyone tried to buy the break higher thinking the uptrend would continue higher in the linear fashion it’s been moving in, only to have the bigger market players push the market lower. If today’s counter-trend setup comes off, we could see a retrace lower, perhaps into the key support around $1700.00, at which point we would look for price action buy signals to rejoin the uptrend.

1347488751-clip-16kb

Check out my latest trading lesson: How To Trade Trends In Forex – A Complete Guide

————————————————————————————————————————————————————————–
September Special Promotion- This month I’m offering a Special Discount on Lifetime membership to my Forex Course, Live Trade Setups Forum, Daily Trade Setups Newsletter, Email support line, and more. For more info visit the Forex Course Page Here.
————————————————————————————————————————————————————————–

Forex Commentary:

In the currency markets today, the euro gained more ground on the U.S. dollar on the back of a German court ruling that supported the passing of Europe’s permanent bailout fund. The EURUSD moved up to $1.2898 from $1.2854 yesterday.

The Australian dollar gained ground on the greenback as well, moving to a three-week high on the back of speculation about more stimulus from the U.S. Fed bank as well as positive news about China’s economy.

The U.S. dollar gained modestly on the Japanese yen and Canadian dollar but was lower against the other majors today.

Other Markets:

In the U.S. markets today, stocks gained modest ground on the back of positive news from Germany about the euro-zone rescue fund as well as speculation that the Federal Reserve will pass another round of economic stimulus soon.

The Dow gained 9.99 points, or 0.08%, the S&P 500 added 3 points or 0.2%, and the Nasdaq gained 9.78 points, or 0.3%.

Upcoming important economic announcements (New York time): 09/13/2012

3:30am EST: Switzerland – Libor Rate
3:30am EST: Switzerland – SNB Monetary Policy Assessment
8:30am EST: United States – PPI m/m
8:30am EST: Unemployment Claims
12:30pm EST: United States – FOMC Statement
2:00pm EST: United States – FOMC Economic Projections
2:15pm EST: United States – FOMC Press Conference


Leave a Comment

Recent Posts in Trade Setups Commentary

GBPUSD – Waiting for Value to Get Short – 27th July 2016

Posted on July 28th, 2016 | by | in Forex Trading Commentary | No Comments
GBPUSD – Waiting for Value to Get Short – 27th July 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Looking to sell Sterling/Dollar near resistance As we discussed in our weekly outlook this week, the GBPUSD is still looking very weak and we are bearish on this pair. We see the key... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 25th – 29th

Posted on July 25th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Trade Setups Ideas & Market Analysis – July 25th – 29th
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar weakness continues The EURUSD fell further away from key over-head resistance at 1.1130 last week, continuing the bearish momentum we have seen in recent weeks. This... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 18th to 22nd 2016

Posted on July 18th, 2016 | by | in Forex Trading Commentary | 1 Comment
Weekly Trade Setups Ideas & Market Analysis – July 18th to 22nd 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar contained under key over-head resistance Over the last three weeks, the EURUSD has essentially been consolidating, moving sideways following the large sell-off we saw after... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 11th to 15th 2016

Posted on July 11th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Trade Setups Ideas & Market Analysis – July 11th to 15th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar falls back under 1.1100 The EURUSD consolidated last week and ended the week slightly lower after falling back under 1.1100 resistance. Notice that a false break / fakey... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 4th to 8th 2016

Posted on July 4th, 2016 | by | in Forex Trading Commentary | 1 Comment
Weekly Trade Setups Ideas & Market Analysis – July 4th to 8th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar still contained under key resistance The EURUSD retraced modestly higher last week following the previous week's huge sell-off after the Brexit results. We can see price... Continue Reading

Now I want to hear from you! - Click Here to Leave a Comment

One Comment

  1. wealth says:

    Lol…
    Can you imagine… EURUSD pair. Am waiting for price to retrace and become a support….

    Woww…I Was anticipating a buy position after d retracement. Thinking price may move up.

    Ok I will fix dat again…

    But its possible dat price could move up too right? Nial

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