TriumphFX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price has been rejected at 0.7185. AUDUSD continues to be indecisive and lack trend momentum. The moving averages have been crossing frequently – confirming the market indecision. Trading opportunities could exist around the moving averages and around any of the identified horizontal levels …

AUDUSD As suggested in yesterday’s chart analysis, price has been finding resistance around 0.7180. The AUDUSD continues to be indecisive and lack trend momentum. The moving averages confirm the market indecision – they have been crossing frequently and are moving sideways. Trading opportunities could exist around the moving averages and …

AUDUSD AUDUSD has been bearish. Price continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they are tightening and are moving sideways. Trading opportunities may exist around the moving averages and around any of the identified horizontal levels at 0.7065, 0.7080, 0.7180 and …

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10th August 2020 TIME RELEASE PREVIOUS FORECAST 0545UTC Unemployment Rate JUL  3.2% 3.4% 11th August 2020 TIME RELEASE PREVIOUS FORECAST 0130UTC NAB Business Confidence  1 -1 TIME RELEASE PREVIOUS FORECAST 0600UTC Unemployment Rate JUN 3.9% 4.2% TIME RELEASE PREVIOUS FORECAST 1230UTC PPI MoM JUL -0.2% 0.3% 12th August 2020 TIME RELEASE PREVIOUS FORECAST …

AUDUSD As suggested in yesterday’s chart analysis, price reversed around 0.7235. The AUDUSD continues to be indecisive and lack trend direction. Price has recently been testing the highs around 0.7235. The moving averages are bullish and widening, signalling that the AUDUSD may attempt to move higher. Trading opportunities could exist …

AUDUSD AUDUSD has been bearish. Price action has formed a higher swing high. AUDUSD is now in a retrace move. Price is still looking indecisive. The moving averages have been crossing frequently – confirming the indecision. Trading opportunities may exist around the moving averages and around the horizontal levels at …

Support and resistance are the prominent indicators that are widely used by traders in Forex trading. The role of these indicators is to identify the price points on a chart whether the probability favors a pause or reversal of the current trend.  The ‘support’ level is where the price hits …

AUDUSD Price has been bullish. The AUDUSD has been bullish but continues to look indecisive. The moving averages confirm the market indecision – they have been crossing frequently and are moving sideways. Trading opportunities could exist around the moving averages and around the horizontal levels at 0.7025, 0.7065, 0.7080 and …

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD reversed around 0.7065. Price continues to look indecisive and lack trend momentum. Recent price action has formed a lower swing low though and the moving averages are bearish and widening, suggesting that AUDUSD could start down-trending. Selling opportunities may exist around the …