Forex market commentary

forex market commentary

price holds the 1266 to 1280s support area, then price could once again rotate back up to the 13 levels. Dont blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards. Note TO members, to access the members only Daily Trade Setups Ideas Newsletter you need to log in via the top right of this page in the main menu. From a technical analysis view point, everything suggests that the dollar is poised to stage a fight back today in a lot of the pairs. Gbpusd was due to take a breather, the concerning thing is that it is hanging on to that 100 day MA.2500. Price Action: The bearish Inside Bar discussed in the prior update has broken down and remains valid. Current Notes: The bias is bearish beneath.1490 major resistance.

Support.1180.1220 Price Action: Double Inside Bar forms right above.1220. Registerinemo account, registerinive account, trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors. Resistance .9980.0000, support .9940.9925, rand. Note:   Download a Free Trial of the Broker Charting Platform We Use here.

You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. We closed the day.0700 and have traded slightly lower this morning, I think that the main hurdle is still around.0710 this is the level that bulls and bears will butt heads and will be a key level to watch, considering that there. The, eurusd is deceiving to the eye, it closed yesterday near unchanged, but there was a lot of flow in both directions. The key levels to watch today will.2475.2450 and a close below those levels will leave the sellers in a very strong position. Checkout Nial's Professional Trading Course here). Trade Idea: We will consider selling short if the Inside Bar pattern breaks down OR sell on any pockets of strength, targeting the.1180.1220 area. We continue to prefer selling into any strength. Resistance .7290.7310, support .7250.7240, usdcad. We are still seeing some fallout from President Trumps travel ban that he placed on Friday, the FX market is very fickle and I it wont be long before the dust settles.

Weekly Trade Setups Ideas Chart Analysis by Nial Fuller April 8th to 12th, 2019. In the Zone, audusd, nzdusd. Recap, considering that the economic data was somewhat decent yesterday, I would suggest that the main driver of the weaker dollar was the weaker equity market. Gbpusd, resistance .2560.2580, support .2480.2450, audusd. BlackStone Futures provides general advice that does not take into account your objectives, financial situation or needs. Current Notes: Price tested the.6970 resistance and is now rotating back down to the.6720 support area.

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