TriumphFX Analysis

23
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 23, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD has been finding support around the shorter-term moving average. Price was showing signs of upside momentum but is now looking indecisive. The moving averages are still bullish though, suggesting a potential bullish move. AUDUSD is ranging between the horizontal levels at 0.7090 …

22
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 22, 2020

Posted BySamuel Morton Category Daily FX Analysis 1Comments

AUDUSD As suggested in yesterday’s chart analysis, price failed to swing lower. The AUDUSD has been bullish. Price action has formed a swing higher and the moving averages are crossing bullish, all suggesting that price could start up-trending. Opportunities to go long may exist around the bullish moving averages and …

21
Oct

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD found resistance around the shorter-term moving average. Price has since been bullish. AUDUSD is down-trending and is currently in a retrace move. The moving averages are bearish and steady, suggesting that the downtrend may continue. Price is above the move averages though, …

20
Oct

Hedging

Posted ByJane G Category Analysis Aside

Forex hedging is a strategy traders often use to protect their trading position from an adverse move. Hedging acts as an ‘insurance’ for traders’ trade. It involves the opening of an opposite position to a current trade when high volatility events like general election or financial announcement is expected. How …

20
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 20, 2020

Posted BySamuel Morton Category Daily FX Analysis 1Comments

AUDUSD As suggested in yesterday’s chart analysis, price has been bearish and has swung lower. The AUDUSD is down-trending – price action has formed a series of lower swing highs and lower swing lows. The moving averages are bearish and steady, signalling that the downtrend could continue. Price is also …

19
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 19, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD AUDUSD is in a retrace move. Price is clearly down-trending and is currently in a retrace phase. The moving averages are bearish and steady, signalling that the downtrend may continue. AUDUSD is also down-trending on higher time-frames. Selling opportunities could exist around any of the key Fib levels, around …

18
Oct

Key Releases for 18th – 24th October 2020

Posted ByJane G Category Daily FX Analysis

18th October 2020 TIME RELEASE PREVIOUS FORECAST 2350UTC Balance of Trade SEP ¥248.3B ¥900B 18th October 2020 TIME RELEASE 0030UTC RBA Meeting Minutes 21st October 2020 TIME RELEASE PREVIOUS FORECAST 0600UTC Inflation Rate YoY SEP 0.2% 0.4% TIME RELEASE PREVIOUS FORECAST 1230UTC Inflation Rate YoY SEP 0.1% 0.3% 22nd October 2020 TIME RELEASE …

16
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 16, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price has been bearish. The AUDUSD is down-trending and is currently in a retrace phase. Price recent broke key support levels and the moving averages are bearish and steady, suggesting that the trend could continue. The AUDUSD is also down-trending on higher time-frames. …

15
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 15, 2020

Posted BySamuel Morton Category Daily FX Analysis 1Comments

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD continued to find support around the trend support area. As also suggested, AUDUSD failed to swing higher. Price action has formed a series of lower swing highs and lows and a bearish channel, suggesting that AUDUSD is down-trending. The moving averages are …

14
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 14, 2020

Posted BySamuel Morton Category Daily FX Analysis 1Comments

AUDUSD As suggested in yesterday’s chart analysis, price has been finding support around the 61.8% Fib level and the trend support area. The AUDUSD is up-trending and is currently in a retrace phase. The moving averages have crossed bearish, suggesting that price could struggle to swing higher. Opportunities to go …