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Nial Fuller

Professional Trader, Author & Trading Coach

Weekly Trade Ideas & Market Analysis by Nial Fuller – April 10th to 14th 2017

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 6 Comments

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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 members commentaries. We could see price fall down and test 1.0500 key support still, but at this point, we would only sell on a retrace higher followed by a clear price action sell signal. Since this market is range bound we can watch for buy signals near 1.0500 key support as well.

AUDUSD – Aussie/dollar hits key support, where will it go next?

The AUDUSD has retraced all the way down to key support at 0.7500 and is resting right at that level. Note that last time around, the market bounced here and we called this support as a buy level, and history may repeat itself here. However, it’s too early to tell without a price action buy signal on the daily chart time frame. Depending on how price action unfolds at 0.7500, we may be looking at going long from 0.7500 or if price can close under 0.7500, we may be looking for sell signals. Check our members daily trade setups newsletter for updates on this pair.

Crude – Crude Oil surges higher, looking to buy on pull backs

Crude Oil shot higher last week as price easily sliced up through a key resistance zone near 49.80 – 51.20 recently and also broke up past the high of a bearish pin bar from last Wednesday. This signals bulls are clearly more in control right now and we can look for buy signals on pull backs to support at 49.80 – 50.70 support zone this week.

Gold – Gold remains bullish but a pull back may be brewing

Gold has undergone a very strong surge higher since it bounced at $1200.00 key support; a level we had been watching for buying opportunities as we discussed back in our February 14th commentary. Our views remain similar; we see support at $1220.00 – $1200.00 as a key buy zone and ‘line in the sand’ for buyers / bulls, so we will wait and look to buy on a pull back to that support zone, either on a price action buy signal or a blind entry. There was a large reversal on Friday which produced a bearish pin bar on the daily time frame, this may see prices pull back slightly this week and provide an opportunity to buy at value down near support.

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.

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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 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. brian phiri May 4, 2017 at 2:31 am

    hy Nial thanks for the articles that you share much appriciated can i please have yr email i would like to send any email direct to you thank you

  2. Victor Adebayo May 2, 2017 at 7:18 am


  3. BARRIE STRONG May 1, 2017 at 9:25 pm

    suggesty all traders be careful trading EUR this week with the upcoming French elections…could be high volatility.

  4. Said Alwashahi May 1, 2017 at 2:21 pm

    Thank you Mr. Nial
    Can we consider the signal appearing on GPBUSD daily chart as Minor Fakey Setup.
    Thank you

    • Nial Fuller May 1, 2017 at 2:57 pm

      No it’s not.

  5. Ntsako April 10, 2017 at 9:42 pm

    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.


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