August 2019 - TriumphFX Analysis

30
Aug

Daily Technical Forex Forecast 30.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro demonstrated an abrupt fall supported by the large volume, which is a good bearish signal, broke down the previous support level, which only enhances its importance. Besides it, we need to allocated the new volume level of resistance, which was created during this move. It’s 1.1084. Considering …

30
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 30, 2019

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD has reversed off the moving averages and has since been bearish. Price action has formed a bearish channel and the moving averages are bearish and widening, all signalling that the bearish momentum could continue. Selling opportunities may exist around the bearish …

29
Aug

Daily Technical Forex Forecast 29.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro continued falling and now is located near the level of support/lower boundary of the local range 1.1068. Thus, our previous scenario remains actual: we may reckon a breakdown of this level, which will allow us to open short positions. The movement must be supported by the large …

28
Aug

Daily Technical Forex Forecast 28.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro continued falling and now is located near the level of support/lower boundary of the local range 1.1068. Yes, the movement was smooth and on the small volume, nevertheless, given the fact that the price is located near this level, we can reckon a scenario of its breakdown, …

28
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – July 28, 2019

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Price continues to look indecisive. The moving averages confirm the current indecision – they are crossing and are moving sideways. Trading opportunities may exist around the diagonal resistance area and around the identified horizontal levels at 0.6695, 0.6740, 0.6755, 0.6780 and 0.6800. The …

27
Aug

Daily Technical Forex Forecast 27.08.2019

Posted ByAndrew Olshanetskyi Category Daily FX Analysis

EUR/USD The Euro tested the level of resistance 1.1152, but then sharply corrected downwards. Now the pair is locked inside the local consolidation between this mark and the previous level of support 1.1068. Therefore, we can consider new positions only after the confident and keen exit of the price from …

27
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 27, 2019

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, AUDUSD has reversed off the diagonal resistance area. Price has become indecisive again. The moving averages confirm this – they are tightening and are moving sideways. Trading opportunities could exist around the diagonal resistance area and around …

27
Aug

Trade War

Posted ByJane G Category Analysis Aside

Trade war, as the name suggests, is a war that happens between two or more countries by imposing tariffs, often driven by retaliation, on each other to strengthen their economy. Trade war often gets started when a country perceives its counterparts’ trading practices as unfair or unethical, thus triggering the …

26
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 26, 2019

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in Friday’s chart analysis, price broke to the downside of the range and found support around 0.6695. AUDUSD has swung below the recent range consolidation area and the moving averages are bearish and widening, all signalling that price could start down-trending. …

26
Aug

Weekly Technical Forex Forecast 26-30.08.2019

Posted ByAndrew Olshanetskyi Category Analysis Aside

EUR/USD The Euro showed a significant growth on the large volume, which is an excellent bullish signal. At the moment, the pair is trading near the resistance level 1.1152. Thus, we can consider a scenario of the breakdown of this mark, which will allow us to open long positions with …