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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – June 5th to 9th 2017

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By in Forex Trading Commentary Last updated on | 9 Comments
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EURUSD – Euro/dollar uptrend continues after pin bar buy signal

The EURUSD pushed higher last week following the pin bar buy signal that we discussed in our May 30th commentary. As we mentioned in that commentary, this pin bar was in-line with the underlying daily chart up trend and formed after a modest pull back to just above the 21 day ema level. The next key resistance is not seen until up near 1.1500 – 1.1600 area, so we see some strong upside potential for those of you who are long. If you missed the first entry on this pin bar, there may be a second chance entry this week if we get a pull back, so watch for that.

GBPUSD – Sterling/dollar forms pin bar and inside bars at support zone

The GBPUSD formed inside bars last Thursday and Friday, this following the pin bar that formed on Wednesday. These patterns have formed after a pull back to support near 1.2828 and they are indicating that price could breakout to the upside here, in-line with the existing up trend. If price closes under 1.2755 it could lead to a larger decline but we remain bullish whilst above 1.2570 area.

AUDUSD – Aussie/dollar bouncing between support and resistance levels

The AUDUSD appears to be in a somewhat choppy and volatile state right now, we can see it erased nearly all early-week losses last Friday as bulls came in and pushed price higher. We are staying on the sidelines for now in this pair, but we can also keep an eye on key support and resistance levels for signals, stay tuned to our members trade setups commentary throughout the week for updates.

Gold – Gold surging higher as uptrend continues

Gold continued surging higher on Friday as the current upward momentum continues. Traders can watch any pull backs to the downside this week for 1 hour, 4 hour or daily chart buy signals to get long, in-line with the uptrend. Key support levels this week are 1247.00 area as well as last week’s lows near 1260.00.

S&P500 – S&P500 Index hitting new all-time highs as uptrend surges on

The S&P500 shot higher last week following the pin bar buy signal we discussed on Wednesday in our members daily commentary on this market. Notice that price bounced at 2400.00 near-term support, showing that bulls are looking to buy at any opportunity. Hopefully some of you got on board on the break of the pin high. Those not long already, can watch for pull backs to the downside to buy near support levels.

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: Christmas Trading Course Special: Until December 31st, Save 45% 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. siraj July 8, 2017 at 5:30 pm

    I want to register with your team.

    Reply
  2. Samuel July 4, 2017 at 1:10 am

    Thank you very much Mr,Nial Fuller, please can you be my mentor. i will be highly honoured if my request is given favourable response and consideration.Thanks.

    Reply
  3. peter July 3, 2017 at 3:47 pm

    Hi Nial,
    your eur/usd lastweek trade set up was so perfect.
    always apreciating your continued support to new traders.

    Reply
  4. Mohamed Ahmed June 8, 2017 at 4:35 am

    Thank you for Nail and team.

    Reply
  5. Malefane Jane June 7, 2017 at 2:28 pm

    Thank you for this.this is powerful

    Reply
  6. Ray Hudspeth June 6, 2017 at 10:46 am

    HI Nials – a great service many thanks

    Reply
  7. Thabang June 6, 2017 at 4:05 am

    Thank you Nial and the Team

    Reply
  8. Mike June 5, 2017 at 4:17 pm

    Hi Niel. I am using meta trader 4 and my graph does not look the same as yours. Not sure why

    Reply

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