August 2016 - Page 2 of 3 - TriumphFX Analysis

17
Aug

Intraday Forex Analysis – 1 Hour Charts – August 17, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Price has formed a tightening triangular consolidation pattern and is moving between the consolidation support and consolidation resistance. The moving averages are providing little direction and are crossing frequently – confirming that the consolidation is taking place. Trading opportunities could exist as price comes off …

16
Aug

Intraday Forex Analysis – 1 Hour Charts – August 16, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD was rejected around the dynamic resistance of the longer-term moving average and moved lower during yesterday’s trading sessions. The moving averages continue to be bearish and are widening, suggesting that the bearish move could continue. Selling opportunities …

15
Aug

Intraday Forex Analysis – 1 Hour Charts – August 15, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD has been bearish for the last couple of trading days. The bullish moving averages are about to cross bearish and price is comfortably moving and closing below the moving averages – both suggesting that the bearish move could continue. Selling opportunities could exist around the …

12
Aug

Intraday Forex Analysis – 1 Hour Chart – August 12, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bearish during yesterday’s trading sessions. Price is currently finding support around the longer-term moving average but price has moved and closed below the trend support area and the bullish moving averages are starting to lose their bullish direction – all suggesting that …

11
Aug

Intraday Forex Analysis – 1 Hour Charts – August 11, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was initially bullish during yesterday’s trading sessions and moved a lot higher. Price is now retracing the recent bullish move. The moving averages are bullish and are widening, suggesting that the upside move may continue. Buying opportunities could exist around the bullish moving …

10
Aug

Intraday Forex Analysis – 1 Hour Charts – August 10, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As identified in yesterday’s chart analysis, the AUDUSD found support at the consolidation support area and has moved much higher. Price is now nearing the upwards channel resistance area and there is evidence of greater selling momentum entering the market. The moving averages are bearish …

9
Aug

Intraday Forex Analysis – 1 Hour Charts – August 09, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD continues to find support around the dynamic support of the longer-term moving average. Price has formed a upwards but tightening consolidation and also formed a horizontal resistance at 0.7660. The moving averages continue to be bullish but they are starting to look a …

8
Aug

Intraday Forex Analysis – 1 Hour Charts – August 08, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD continues to move within the bullish channel and is currently finding support around dynamic support of the longer-term moving average. The moving averages are bullish but are starting to tighten, suggesting that price could return to the channel support area in today’s trading …

5
Aug

Inter-day Forex Analysis – Daily Charts – August 05, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – Daily Chart The AUDUSD is currently testing a potential triangular consolidation resistance area. The moving averages are bearish but are tightening, suggesting that price could still move higher. There could be a potential selling opportunity around the consolidation resistance area. A buying opportunity may present itself if price closes …

5
Aug

Intraday Forex Analysis – 1 Hour Charts – August 05, 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 shorter-term bullish moving average and has since moved higher. Price is now reaching the channel/consolidation resistance area and may stall or reverse bearish. If price is bearish in today’s trading sessions, buying opportunities …