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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

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By in Forex Trading Commentary on | One Comment
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GBPUSD

The CABLE shot higher after last weeks inside bar break out on the daily timeframe.

The bias remains bullish above 1.2330 support, look to buy on weakness. Targets 1.2870 area.

gbpusd-5-12-16

EURUSD

The EURUSD is contained under both 1.0855 long term resistance and 1.0690 short term resistance.

The term trend remains bearish whilst price is below the major containment level of 1.0855, look to sell on strength.

eurusd-5-12-16

AUDUSD

The AUDUSD has sold off after testing the key technical resistance area at 0.7490-0.7505.

The bias remains bearish whilst below 0.7505, look to sell on strength.

audusd-5-12-16

GOLD (SPOT)

Gold approaches major long term support at the 1140 area.

We will look to be a potential buyer around 1140 is we see a price action signal confirmation.

gold-5-12-16

S AND P 500 INDEX

The S and P 500 Index remains in a strong upward trend, with short term support at 2146 and major support at 2107.

As is the theme in recent months, any short term pull back in prices within the context of this strong bull market could be a strategic buying opportunity.

The trend remains bullish above 2146, look to buy on weakness.

s-and-p-500-5-12-16

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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.

Recent

  1. Petrus July 31, 2017 at 3:15 pm

    Thank you.
    I would like to know your advice or suggestion on how swing traders who are using daily time frame dealing with gapping up or down that usually happen on Monday.

    Reply
  2. Samuel July 31, 2017 at 11:57 am

    Great analysis.. your insight into the market is always refreshing. Keep it up Neil

    Reply

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