Announcement: Nial Fuller Releases 'Price Action Forex Trading Mastery Course - 2nd Edition' - Click Here
Nial Fuller's Price Action Forex Trading Education Community - Learn, Trade, Profit

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

Axitrader

Leave a Comment

Recent Posts in Trade Setups Commentary

EURUSD Moves Lower After Price Action Sell Signals, 3rd September 2015

Posted on September 4th, 2015 | by | in Forex Trading Commentary | No Comments
EURUSD Moves Lower After Price Action Sell Signals, 3rd September 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD - Euro/dollar falls after price action sell signals The EURUSD broke down today from the inside bar setup we discussed yesterday in our members trade... Continue Reading

EURUSD Contained Under Key Resistance, GBPUSD Weakness Continues, 1st September...

Posted on September 2nd, 2015 | by | in Forex Trading Commentary | 1 Comment
EURUSD Contained Under Key Resistance, GBPUSD Weakness Continues, 1st September 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD – Euro/dollar still contained under resistance after false-break The EURUSD moved modestly higher today, but we are still bearish following the... Continue Reading

Weekly Forex Commentary & Trade Ideas – August 31st to September 4th,...

Posted on August 31st, 2015 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – August 31st to September 4th, 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD - Euro/dollar weekly chart pin bar sell signal As we can see on the weekly EURUSD chart below, this pair formed a large bearish pin bar and false-broke... Continue Reading

EURUSD False-break and S&P500 Surges Higher as Volatility Continues, 27th...

Posted on August 28th, 2015 | by | in Forex Trading Commentary | No Comments
EURUSD False-break and S&P500 Surges Higher as Volatility Continues, 27th August 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar back under key resistance The EURUSD fell lower again today and held under 1.1400 / 35 key resistance again, making a false break to the upside earlier this week to look... Continue Reading

Market Crash Equals Big Trading Opportunities – 24th August 2015

Posted on August 25th, 2015 | by | in Forex Trading Commentary | No Comments
Market Crash Equals Big Trading Opportunities – 24th August 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here In recent times we have witnessed relentless volatility across global stock and currency markets. As traders, we love this volatility and as these kinds of moves only happen once a year or so,... Continue Reading

Leave a Comment

Your email address will not be published. Required fields are marked *

Nial's Professional Forex Trading Mastery Course    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 2008-2015 Learn To Trade The Market
legal