August 2016 - TriumphFX Analysis

31
Aug

Intraday Forex Analysis – 1 Hour Charts – August 31, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD was bearish during yesterday’s trading sessions and reversed around the trend support area. The moving averages continue to be bearish and are showing little sign of weakening, suggesting that price could yet move lower. If price is …

30
Aug

Intraday Forex Analysis – 1 Hour Charts – August 30, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bullish during yesterday’s trading sessions and retraced some of the recent bearish move. The moving averages are still bearish and are widening, suggesting that price could still move lower. Selling opportunities could exist around the dynamic resistance of the moving averages, around …

29
Aug

Intraday Forex Analysis – 1 Hour Charts – August 29, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was very bearish during Friday’s trading sessions. Price has found support around the trend support area and is currently moving off that area. The moving averages are bearish though and are widening, suggesting that the downwards direction could continue. If price is bullish …

26
Aug

Intraday Forex Analysis – 1 Hour Charts – August 26, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD found support around the newly formed support area and was bullish during yesterday’s trading sessions. Price has moved above the consolidation resistance area, suggesting that price could continue to move higher. The moving averages are very indecisive …

25
Aug

Intraday Forex Analysis – 1 Hour Charts – August 25, 2016

Posted BySamuel Morton Category Daily FX Analysis

The AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD found resistance around the moving averages and initially moved lower during yesterday’s trading sessions. Price is now testing the consolidation resistance area. The moving averages have crossed bullish, suggesting that price may move above the resistance …

24
Aug

Intraday Forex Analysis – 1 Hour Charts – August 24, 2016

Posted BySamuel Morton Category Daily FX Analysis

The AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD found resistance around the trend/consolidation resistance area and moved lower during yesterday’s trading sessions. The moving averages are bearish but are beginning to tighten, suggesting that price may struggle to reach the consolidation support area. Selling …

23
Aug

Intraday Forex Analysis – 1 Hour Charts – August 23, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bullish during yesterday’s trading sessions. Price is now being rejected around the trend resistance area and the longer-term moving average. The moving averages continue to be bearish but are starting to tighten slightly. Selling opportunities could exist around the trend resistance area …

22
Aug

Intraday Forex Analysis – 1 Hour Charts – August 22, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bearish during Friday’s trading sessions. The moving averages are bearish and are widening – suggesting that the downside move could continue – but price is currently finding support around the trend support area identified in Friday’s chart analysis. Selling opportunities could exist around the …

19
Aug

Intraday Forex Analysis – 1 Hour Charts – August 19, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, price was rejected around the trend resistance area and moved lower during yesterday’s trading sessions. The moving averages are very indecisive and are providing very little direction. Price continues to down trend though and move between the trend support …

18
Aug

Intraday Forex Analysis – 1 Hour Chart – August 18, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Even though price moved below the consolidation support area (identified in yesterday’s chart analysis), price continues to look a bit indecisive and is lacking direction. The moving averages confirm this, they are crossing frequently and have no clear bias. Selling opportunities could exist around the …