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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Trade Ideas & Technical Chart Analysis by Nial Fuller, September 25th to 29th 2017

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By in Forex Trading Commentary Last updated on | 3 Comments
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GOLD – Gold enter 1275-1295 support area / buy zone

Gold has been retracing lower over the last few weeks within the broader uptrend this market is in. In the chart below, we can see that price is now entering the key support area between 1295.00 – 1276.00, with 1276.00 being the prior pin bar and fakey low that kicked off the last leg higher. As we are entering this support area, traders can either get long on a blind entry based on the event zone seen below or wait for a clean price action buy signal in the support zone whilst above 1276.00 and target a move up to 1330’s area.

GBPUSD – Sterling/dollar consolidates after surge higher, looking for buy signal

The GBPUSD moved sideways last week as price consolidated following the big up move we saw the previous week. The overall trend is clearly still up (bullish), so we are continuing on with our recent views on this market of looking to buy it on a pull back to support. This week, our plan is to look to be a buyer on a price action confirmation signal at or about 1.3260 key support level in order to get long and trade in-line with the uptrend from value (support). Stick with our members daily trade setups newsletter for updates throughout the week as the price action in the GBPUSD unfolds.

EURUSD – Euro/dollar consolidating above major support levels

The EURUSD essentially went nowhere last week as price remained choppy and moved sideways just above 1.1860 short-term support level. We remain bullish and looking to buy this market as the underlying trend is still up, however, as we discussed in recent commentaries, we may see more containment and consolidation near current levels as price is trading just under a long-term resistance area at 1.2000 – 1.2300 zone. We will continue to look for bullish price action signals whilst price is above the key swing support down at 1.1666 area, which also aligns with prior pin bar lows as seen below. We will watch the support zone between 1.1860 – 1.1666 this week for price action buy signals on any further downward retacements.

AUDUSD – Aussie/dollar may test near-term support before moving higher

The AUDUSD lost slight ground last week in what were somewhat volatile trading conditions as price continues to move sideways just above key support. We are continuing to look to buy this market on a price action confirmation signal near or above support at 0.7825 – 0.7755 this week. Keep in mind, price recently broke and closed above 0.7755 which was a strong long-term resistance so we are now very bullish on this market whilst it is above that level and are watching for buy entries as price attempts to retrace lower and re-test it.

Want More Trade Setups Ideas & Analysis? In the members’ daily trade setups newsletter, we discuss potential trade setups and provide detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more. For more information click here.

Note: Trading Course SpecialUntil October 31st, Save 35% Off Nial Fuller's Professional Trading Course, Daily Trade Setups Newsletter, Live Trading Forum & Email Coaching - Click Here.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. BALAGOPALAN October 6, 2017 at 1:53 am

    most knowledgeable and honest

    Reply
  2. Pushkar Joshi September 27, 2017 at 3:19 am

    Wonderful

    Reply
  3. s m ali September 26, 2017 at 9:53 am

    Nice explaination.

    Reply

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