Save 25% Off Life-Time Membership To Nial Fuller's Pro Trading Course & Trade Ideas Newsletter, Ends November 30th -
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – July 9th to 13th, 2018

author thumb
By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 3 Comments

Note: – It’s imperative you are trading with a broker that offers New York Close Charts, (a true 5 day chart that aligns with the New Zealand open and New York Close) you can download a Free 30-day Trial of the Broker & Charting Platform We Use HERE.

Disclaimer: Nial’s views and comments on the following markets and charts is not advice or a recommendation, it is for educational and general information only.

WEEKLY PRICE ACTION TECHNICAL ANALYSIS & TRADE SETUPS IDEAS – July 9th to 13th, 2018

All charts illustrated are daily chart time frames unless marked otherwise.

EURUSD 

SummaryA strong bearish trend remains in the EURUSD whilst the market is contained under technical resistance at 1.1838-50 area. Price has retraced modestly higher last week but expect sellers to move in near resistance levels.

Trade Forecast – While price is contained below the 1.1838-50 resistance zone, we will look to be a seller on any price strength (retraces higher) or wait for a price action signal on the 4 hour or daily chart.
We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

AUDUSD

Summary – A strong bearish / downtrend remains while the market is contained below the resistance levels at 0.7655. We may see a temporary bounce this week but we expect sellers to move in up near 0.7445 – 0.7655 resistance.

Trade Forecast – Whilst contained below 0.7655 resistance, we would look to be a seller on any price strength or wait for a price action sell signal on the 4 hour chart or daily chart.
We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

USDJPY

Summary – A strong bullish trend remains whilst market is contained above the support range at 108.35 – 108.65. We could see a short-term pull back here, but we would expect buyers / bulls to defend nearby support levels

Trade Forecast – Whilst contained above the 108.65 -108.35 key support, we would look to buy on any price weakness or wait for a price action buy signal on the 4 hour or daily chart.
We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

GOLD

Summary – Strong  bearish trend remains whilst market is contained under the technical resistance levels at 1282 and 1305.

Trade Forecast – Whilst price is contained below the 1282 to 1305 resistance zone, we would look to sell short on any price strength towards 1282, or wait for a price action sell signal on the 4 hour or daily chart.
We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

CRUDE OIL WTI

Summary – Explosive bullish trend underway with price contained above the technical support levels at 69.36 and 66.63.

Trade Forecast – Whilst contained above the 69.36 to 66.35 support zone, we would look to buy on any price weakness towards 69.36, or wait for a price action buy signal on the 4 hour or daily chart.
We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

Want Daily Trade-Ideas & Chart Analysis? Members of Nial Fuller’s trading education courses get access to the members daily trade setups newsletter. You will get potential trade ideas and detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more, every trading day. For more information visit the Trading Course Membership Page Here.

Note: – It’s imperative you are trading with a broker that offers New York Close Charts, (a true 5 day chart that aligns with the New Zealand open and New York Close) you can download a Free 30-day Trial of the Broker & Charting Platform We Use 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.
  1. Ogbonna John July 10, 2018 at 12:46 pm

    Usdjpy ust followed through

    Reply
  2. Olayinka July 9, 2018 at 2:55 pm

    Thanks for this week’s out look.

    Reply
  3. Artur July 9, 2018 at 6:59 am

    Thanks, Nial, for the next ideas.

    Reply

Leave a Comment

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