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Nial Fuller

Professional Trader, Author & Trading Coach

Weekly Trade Ideas & Market Analysis by Nial Fuller – March 27th to 31st 2017

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EURUSD – Euro/dollar moves up from support, but key resistance overhead

The EURUSD has stalled up near 1.0800 resistance after a rally up to test it early last week. If price continues to hold under 1.0875 – 1.0950 we could see it fall lower as this market is still range bound and price is currently at the top of the range. Traders can continue to look for price action sell signals near current levels up to 1.0875. However, if we close above 1.0950 it will nullify any bearish bias. We can also consider buying from further down, if price rotates lower later this week, watch 1.0620 to 1.0520 for buy signals.

GBPUSD – Sterling/dollar bulls push prices higher

The GBPUSD surged higher last week and easily closed above 1.2400 resistance. Bulls are clearly in control here and we could see a re-test of the top of the range up near 1.2700 if prices can hold above 1.2350. Traders can look for pull backs to get long down near 1.2400 – 1.2350.

AUDUSD – Aussie/dollar pulls back but bulls remain in control

Following a recent resurgence to the upside after a pull back, the AUDUSD fell lower last week. In-line with our discussion in our members area last week of waiting for a deeper pullback before looking to buy, we remain on the sidelines here and are patiently looking for a buy signal. We are watching key support near 0.7500 as the line in the sand for bulls and whilst prices are above that level we are actively looking for a clear price action buy signal to get long and trade in-line with the recent bullish trend.

Gold – Gold moves higher, waiting for pull back to get long

Gold moved higher last week as the bounce from 1200.00 had good upward follow through. Look to buy on a pull back this week and watch 1220.00 – 1200.00 as the key buy zone; watch for price action buy signals at or near that support zone if price rotates lower this week.

Crude – Crude Oil falls again, looking to sell on strength

Crude Oil continued falling last week, notice the two bullish pin bars that formed recently, which have shown little to no upside follow through; if price breaks their low it would likely led to another sell-off and larger decline, check our members article on how to trade failed pin bars. Watch resistance at 49.30 and further up near 50.80 this week for potential selling opportunities.

Dow – Dow Jones Index pulling back but uptrend intact

The overall, strong uptrend remains intact in the Dow Jones. Last week, prices pulled back to support near 20490, and as this pull back unfolds, we view it as a buying opportunity. We are watching current levels near 20490 down to 20020 – 20000 for buying opportunities this week. Whilst price remains above 19600 we remain firmly bullish.

Want More Trade Setups 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.

Easter Life-Time Membership Special: Until April 30th, Save 35% Off Nial Fuller's Professional Forex Trading Course, Daily Trade Setups Newsletter & Live Trading Forum - 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. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.

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