November 2016 - TriumphFX Analysis

30
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Price is moving within a horizontal channel (ranging) at 0.7440-0.7495. The moving averages are bullish and price is still within the bullish channel, both suggesting that the AUDUSD could move higher. Buying opportunities could exist around the dynamic support of the moving averages, around the …

29
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD has been bullish and is up-trending. Price was recently rejected around the shorter-term moving average. The moving averages are bullish and are widening, suggesting that price could still move higher. Buying opportunities could exist around the dynamic support …

28
Nov

Intraday Forex Analysis – 1 Hour Charts – November 28, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in Friday’s chart analysis, price has been bullish and has formed an uptrend (higher swing highs and lows). The moving averages are bullish and are starting to widen, suggesting that price could move higher. Buying opportunities could exist around the trend support area, …

25
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD lacked selling momentum and the attempt to move lower has been reversed. Price action is currently forming a higher high and the moving averages are bullish, both suggesting that price could be starting a uptrend. Buying opportunities …

24
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, price reversed around the 50.0% Fib level and has since been bearish. The moving averages have crossed bullish and are moving sideways, suggesting that price may not have enough selling momentum to form a swing lower. Buying opportunities could …

23
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD continues to retrace. The moving averages are tightening and could cross bullish, suggesting that price could still retrace further. Selling opportunities could exist around the 50.0% and 61.8% Fib levels and around the identified horizontal resistance levels. If price does attempt a bearish …

22
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, price started retracing some of the recent bearish swing and has been bullish. The moving averages are still bearish but are starting to tighten and move sideways, suggesting there could be a lack of selling momentum. Selling opportunities could exist …

21
Nov

Intraday Forex Analysis – 1 Hour Charts – November 21, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in Friday’s chart analysis, the AUDUSD was bearish and has moved lower. The moving averages are bearish and are widening, suggesting that price could still move lower. Price is looking a little over-extended though, suggesting that price is due a retracement. If price …

18
Nov

Intraday Forex Analysis – 1 Hour Charts – November 18, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD has moved below the range support and has since been pushing lower. The moving averages are bearish and are widening again, suggesting that price could still move lower. Selling opportunities could exist around the trend resistance area, …

17
Nov

Inter-day Forex Analysis – Daily Charts – November 17, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – Daily Chart The AUDUSD is ranging between the horizontal support at 0.7450 and the horizontal resistance at 0.7760. Price is currently around the range support area. The moving averages are bullish and steady but price is below the moving averages, suggesting that price could move lower. Selling opportunities could …