TriumphFX Analysis

  AUDUSD – 1 Hour Chart   As suggested in Friday’s chart analysis, AUDUSD reversed around the horizontal level at 0.6855. Price continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they are tight and moving sideways. AUDUSD is currently ranging between 0.6815 …

The UK general election will be held on this coming Thursday (12/12/2019). Traders are advised to keep an eye on the GBP as it will be extremely sensitive to the election outcome. Time Currency Releases Previous Forecast 8th December 2019 2350UTC JPY GDP Growth Rate QoQ Final Q3 0.4% 0.1% …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, price has reversed around the longer-term moving average. AUDUSD continues to be indecisive and lack trend direction. The moving averages confirm the current indecision – they are tightening and moving sideways. Trading opportunities could exist around the …

  AUDUSD – 1 Hour Chart   The AUDUSD continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they are starting to tighten and move sideways. Trading opportunities may exist around the moving averages and around the horizontal levels at 0.6790, 0.6800, 0.6815, …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, price reversed around the recent highs at 0.6860. AUDUSD has since been bearish. Price is looking indecisive again and is lacking trend direction. Trading opportunities could exist around the moving averages and around the identified horizontal levels …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD closed above the horizontal channel resistance area and has since been bullish. Price has swung above a number of key resistance levels and the moving averages have crossed bullish and are widening, all signalling that …

Since the 1980s, the economy of China has been booming, growing at a fast pace with an average growth rate of 10% over the past 30 years. High level of industrialization and urbanization has successfully placed China as the world’s second-largest economy and brought a major improvement in the average living …

  AUDUSD – 1 Hour Chart   As suggested in Friday’s chart analysis, price has reversed around the horizontal support at 0.6760. AUDUSD has been down-trending but is now looking a little indecisive. The moving averages confirm this – they are tightening and also moving sideways. Price action has formed …

Upcoming financial release for you to keep an eye on. Time Currency Releases Previous Forecast 1st December 2019 2350UTC JPY Capital Spending YoY Q3 1.9% 2.8% 3rd December 2019 0330UTC AUD RBA Interest Rate Decision 0.75% 0.75% 0930UTC GBP BoE FPC Meeting 4th December 2019 1230UTC AUD GDP Growth Rate …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD is currently finding resistance around the bearish channel resistance area and the longer-term moving average. Price is down-trending within a bearish channel and is currently in a retrace phase. The moving averages are bearish and …