August 2020 - TriumphFX Analysis

31
Aug

TriumphFX Interest Rate Summaries – Forex Fundamental Analysis

Posted BySamuel Morton Category Daily FX Analysis

Australia (AUD) Current rate 0.25%Previous rate 0.25%Lowest rate 0.25% The Reserve Bank of Australia (RBA) have kept rates at 0.25% (a record low). Policymakers are now focused on economic recovery created by the COVID-19 crisis. The board believe they recovery will be both uneven and bumpy. Low rates and economic stimulus …

30
Aug

Key Releases for 30th August – 5th September 2020

Posted ByJane G Category Uncategorized

30th August 2020 TIME RELEASE PREVIOUS FORECAST 2350UTC Retail Sales YoY JUL -1.2% -1.7% 31st August 2020 TIME RELEASE PREVIOUS FORECAST 0500UTC Consumer Confidence AUG 29.5 2330UTC Unemployment Rate JUL 2.8% 3% TIME RELEASE PREVIOUS FORECAST 0630UTC Retail Sales YoY JUL 1.1% 1st September 2020 TIME RELEASE PREVIOUS FORECAST 0430UTC RBA Interest Rate …

28
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 28, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price has been bullish and is now reversing around the bullish channel resistance area. The AUDUSD is up-trending within a large bullish channel. The moving averages are bullish and steady, suggesting that the trend could continue. Opportunities to go long may exist around …

28
Aug

Notice: Beware of the scam website: triumphofficial.com

Posted ByJane G Category Analysis Aside

TriumphFX would like to caution all clients to beware of the fake and clone website (http://triumphofficial.com) that has recently emerged on the internet. The scam website attempts to mislead clients into thinking that it is the official website of TriumphFX by copying the brand and content from our official website. …

27
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 27, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD closed above the range resistance area and has since been bullish. Price is up-trending again within the large bullish channel. The moving averages are bullish and widening, suggesting that the upside momentum may continue. Buying opportunities could exist around the dynamic support …

26
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 26, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price reversed around the bullish channel support area and now is finding resistance around the range resistance area. The AUDUSD is currently indecisive and ranging between 0.7140 and 0.7210. The moving averages have been crossing frequently and are tight – confirming the market …

25
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 25, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD continues to find support around the bullish channel support area. Price continues to be indecisive but move within a large bullish channel. AUDUSD is currently ranging between 0.7140 and 0.7210. The moving averages have been crossing frequently and are moving sideways – …

24
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 24, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in Friday’s chart analysis, price found support around the bullish channel support area. The AUDUSD has been up-trending within a large bullish channel. Price is currently in a retrace phase and is looking indecisive. The moving averages have been crossing frequently and are currently moving sideways – …

23
Aug

Key Releases for 23rd – 29th August 2020

Posted ByJane G

23rd August 2020 TIME RELEASE PREVIOUS FORECAST 2245UTC Retail Sales YoY Q2 2.3% -9% 25th August 2020 TIME RELEASE PREVIOUS FORECAST 0630UTC Non Farm Payrolls Q2 5.102M 4.765M TIME RELEASE PREVIOUS FORECAST 2245UTC Balance of Trade JUL N$426M N$100M 27th August 2020 TIME RELEASE PREVIOUS FORECAST 0545UTC GDP Growth Rate YoY Q2 -1.3% …

21
Aug

TriumphFX Intraday Forex Analysis – 1 Hour Charts – August 21, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD reversed around the bullish channel support area and then around the moving averages. Price has been up-trending within a large bullish channel. Recent price action has been choppy though – AUDUSD may becoming indecisive. The moving averages confirm the potential indecision – …