July 2016 - TriumphFX Analysis

29
Jul

Intraday Forex Analysis – 1 Hour Charts – July 29, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD came off the resistance area around 0.7540 and then found support at the shorter-term moving average in yesterday’s trading sessions. Price has formed a clear bullish channel and price is currently coming off the channel resistance. The moving averages are bullish but are tightening, …

28
Jul

Intraday Forex Analysis – 1 Hour Charts – July 28, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Price formed a clear support area in yesterday’s trading sessions and has since moved higher. Now price is currently testing and coming off the horizontal resistance at 0.7530. The moving averages have crossed bullish, suggesting that price could move above the horizontal resistance. Buying opportunities …

28
Jul

Intraday Forex Analysis – 1 Hour Charts – July 27, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Price has formed a bullish channel and is currently testing the channel support area. The moving averages have crossed bullish and the overall trend is up – both suggesting that the trend support may hold and price could attempt a move to the channel resistance …

26
Jul

Intraday Forex Analysis – 1 Hour Charts – July 26, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bullish in yesterday’s trading sessions and has moved above the channel resistance and the horizontal resistance at 0.7515. The bearish moving averages are tightening and looking more bullish, suggesting that an upside move could continue. The longer-term trend is also up, so …

26
Jul

Intraday Forex Analysis – 1 Hour Charts – July 25, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD continues to be bearish. Price has formed a downwards channel and is currently moving off the channel support. The bearish moving averages are tightening, suggesting that price may continue to retrace and reach the downwards channel resistance in today’s trading sessions. Selling opportunities …

22
Jul

Inter-day Forex Analysis – Daily Charts – July 22, 2016

Posted BySamuel Morton Category Daily FX Analysis

EURUSD – Daily Chart Price tested and was rejected around the horizontal support and psychological level at 1.1000 during yesterday’s trading. The moving averages have crossed bearish suggesting that price could move below the support level. There could be a selling opportunity if price tests the horizontal support again. There could …

22
Jul

Intraday Forex Analysis – 1 Hour Charts – July 22, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD is currently moving within a sideways – and possible triangular – consolidation. The bearish moving averages are tightening and the overall trend is bullish, suggesting that price could be more likely to break to the upside of the consolidation and start attempting a move higher. …

21
Jul

Intraday Forex Analysis – 1 Hour Charts – July 21, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bearish in yesterday’s trading sessions. Price is now retracing some of the recent downwards move and is currently slightly bullish. The moving averages are bearish but are starting to slightly tighten, suggesting that selling momentum could be weakening. Selling opportunities could exist …

21
Jul

Intraday Forex Analysis – 1 Hour Charts – July 20, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bearish in yesterday’s trading sessions. The moving averages are very bearish and are showing no sign of tightening, suggesting that the bearish run will continue, although price is currently bouncing off a support area around 0.7475-0.7480. If price retraces before moving lower, …

19
Jul

Intraday Forex Analysis – 1 Hour Charts – July 19, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD was bearish in yesterday’s trading sessions, however the trend support line did not hold and price has moved much lower. The moving averages have crossed bearish and are currently widening, suggesting that price may continue to be …