APRIL MEMBERSHIP SPECIAL: Get 40% Off Life-Time Access to Nial Fuller's Forex Trading Course - ENDS APRIL 30th - Click Here

Login

Announcement: Nial Fuller Wins Trading Competition with 369% Return - Read more.

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

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.

Latest Trading Lessons

APRIL MEMBERSHIP SPECIAL: Until April 30th, Get 40% Off Life-Time Access To Nial Fuller's Professional Forex Trading Courses & Daily Trade Setups Newsletter - Click Here For More Info.

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 15,000+ students since 2008.
Checkout Nial’s Professional Forex Course here.


Leave a Comment

Recent Posts in Trade Setups Commentary

Bearish On AUDUSD Whilst Under 0.7611 Containment Level – April 27th 2017

Posted on April 28th, 2017 | by | in Forex Trading Commentary | No Comments
Bearish On AUDUSD Whilst Under 0.7611 Containment Level – April 27th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here AUDUSD - Aussie/dollar selling opportunity setting up Given recent price action in the AUDUSD, we are initiating a short bias under 0.7611 handle, which is now a strong containment / resistance... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – April 24th to 28th...

Posted on April 24th, 2017 | by | in Forex Trading Commentary | 1 Comment
Weekly Trade Ideas & Market Analysis by Nial Fuller – April 24th to 28th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar remains buoyant, more upside possible this week The EURUSD remained buoyant last week even after a bearish reversal pin bar formed on Thursday. Price held it's ground on... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – April 17th to 21st...

Posted on April 17th, 2017 | by | in Forex Trading Commentary | No Comments
Weekly Trade Ideas & Market Analysis by Nial Fuller – April 17th to 21st 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar remains contained under near-term resistance The EURUSD rotated down from near-term resistance at 1.0670 - 1.0700 area late last week, as price continues to trade just below... Continue Reading

Here’s How I’m Trading The Gold Chart Break Out – April 11th...

Posted on April 12th, 2017 | by | in Forex Trading Commentary | No Comments
Here’s How I’m Trading The Gold Chart Break Out – April 11th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Gold - Gold surges higher, looking for pull back to buy As we discussed in our weekly market analysis this week, we are looking to be a buyer of Gold, ideally on a small pull back in price.... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – April 10th to...

Posted on April 10th, 2017 | by | in Forex Trading Commentary | 1 Comment
Weekly Trade Ideas & Market Analysis by Nial Fuller – April 10th to 14th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar continues selling-off The EURUSD moved lower last week in-line with recent downward momentum. We have been discussing looking to sell this pair all week last week in the... Continue Reading

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

One Comment

  1. Ntsako says:

    Always insightful articles, it’s absolute pleasure reading your articles and blogs,always looking forward to Mondays to see your analysis, spot on.
    Thank you once more.

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.

legal
Copyright 2008-2017 Learn To Trade The Market