TriumphFX Intraday Forex Analysis – 1 Hour Charts – March 12, 2019


 

AUDUSD – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, the AUDUSD has been bullish and has swung higher. Price action has formed a tight bullish channel and the moving averages are bullish and widening, all signalling that the upside momentum may continue. Opportunities to go long could exist around the channel support area, around the dynamic support of the moving averages and around the horizontal levels at 0.7065, 0.7050, 0.7020 and 0.7005. A bullish move may stall or reverse around the channel resistance area and around the horizontal levels at 0.7080, 0.7115 and 0.7140.

The Reserve Bank of Australia (RBA) continues to hold the official interest rate at the record low of 1.5%. The rate has been held at 1.5% for over 24 months. The Australian economy continues to grow at a steady pace and produce positive economic indicators under the low interest rate – giving incentive to keep the rate as it is.   The US Federal Open Market Committee (FOMC)  continues to steadily raise interest rates. The current Fed Funds rate is 2.25%. Recent employment and other economic data for the US has been very positive, giving strength to the Dollar. This suggests that there could be further rate hikes in the near future.

US CPI figures will be released at 1230 UTC today.

 

EURGBP – 1 Hour Chart

 

The EURGBP was bullish and then reversed around 0.8670 (as suggested in yesterday’s chart analysis). Price has since been bearish and has swung below a number of support levels. The moving averages are becoming bearish, signalling that the EURGBP could start down-trending. Opportunities to go short may exist around the previous diagonal support area (as resistance), around the moving averages and around the horizontal levels at 0.8535, 0.8550, 0.8565, 0.8575 and 0.8610. A bearish move could be rejected or reverse around the recent lows at 0.8500.

Recent economic indicators for the UK have been positive – giving strength to the Pound. The Bank of England (BOE) continues to hold interest rates at 0.75% – 50 base points higher than the 2016 & 2017 low of 0.25%. Brexit continues to add uncertainty to the UK economy. The recent rejection of the Prime Ministers Brexit deal leads to a number of different Brexit options, including cancelling Brexit or leaving the EU without a deal. The European Central Bank (ECB) have cut economic forecasts, Europe is heading for recession. The official rate continues to be at the record low of 0.00% though. Most economists agree that a rate hike is not likely until late 2019.

A UK GDP figure will be released at 0930 UTC today. British parliament will vote on the most recent Brexit deal sometime this evening (UTC time).

 

EURUSD – 1 Hour Chart 

 

As suggested in yesterday’s chart analysis, price is finding resistance around the 61.8% Fib level and around the trend resistance area. The EURUSD is down-trending and is currently in a retrace phase. Shorting opportunities could exist around the trend resistance area, around the 61.8% Fib level and around the horizontal levels at 1.1290 and 1.1320. The bearish moving averages are tightening and becoming more bullish, signalling that downside momentum is weakening and that the EURUSD may move higher. A bearish move may be rejected or reverse around the moving averages and around the horizontal support levels at 1.1225 and 1.1180.

The European Central Bank (ECB) have cut economic forecasts, Europe is heading for recession. The official rate continues to be at the record low of 0.00% though. Most economists agree that a rate hike is not likely until late 2019. The US Federal Open Market Committee (FOMC)  continues to steadily raise interest rates. The current Fed Funds rate is 2.25%. Recent employment and other economic data for the US has been very positive, giving strength to the Dollar. This suggests that there could be further rate hikes in the near future.

US CPI figures will be released at 1230 UTC today.

 

GBPUSD – 1 Hour Chart

 

Price has been bullish. The GBPUSD has swung above the trend resistance area and a number of resistance levels, suggesting that the downtrend is now over. The moving averages confirm this – they are becoming bullish. Long opportunities may exist around the dynamic support of the moving averages, around the previous trend resistance area (as support) and around the horizontal levels at 1.3190, 1.3110 and 1.3085. A bullish move could find resistance around 1.3240, 1.3275 and 1.3335.

Recent economic indicators for the UK have been positive – giving strength to the Pound. The Bank of England (BOE) continues to hold interest rates at 0.75% – 50 base points higher than the 2016 & 2017 low of 0.25%. Brexit continues to add uncertainty to the UK economy. The recent rejection of the Prime Ministers Brexit deal leads to a number of different Brexit options, including cancelling Brexit or leaving the EU without a deal. The US Federal Open Market Committee (FOMC)  continues to steadily raise interest rates. The current Fed Funds rate is 2.25%. Recent employment and other economic data for the US has been very positive, giving strength to the Dollar. This suggests that there could be further rate hikes in the near future.

US CPI figures will be released at 1230 UTC today. British parliament will vote on the most recent Brexit deal sometime this evening (UTC time).

 

NZDUSD – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, the NZDUSD has continued to be bullish and move higher. The moving averages are bullish and widening, signalling that the upside momentum may continue. Buying opportunities could exist around the dynamic support of the moving averages and around the horizontal levels at 0.6835, 0.6820, 0.6815, 0.6795 and 0.6785. A bullish move may find resistance around 0.6870 and 0.6900.

The Reserve Bank of New Zealand (RBNZ) continue to keep the official interest rate at 1.75%. The RBNZ have announced that the rate is likely to stay the same throughout 2019 and perhaps into 2020. The economy is looking balanced and a drop in NZD price is desirable in order to boost exports. The US Federal Open Market Committee (FOMC)  continues to steadily raise interest rates. The current Fed Funds rate is 2.25%. Recent employment and other economic data for the US has been very positive, giving strength to the Dollar. This suggests that there could be further rate hikes in the near future.

US CPI figures will be released at 1230 UTC today.

 

USDCAD – 1 Hour Chart

 

The USDCAD has been bearish and has moved lower (as suggested in yesterday’s chart analysis). The moving averages have crossed bearish and price action has formed a short series of lower swing highs and lows, all signalling that price could move lower. Shorting opportunities may exist around the dynamic resistance of the moving averages, around the diagonal resistance area and around the horizontal levels at 1.3420, 1.3445 and 1.3460. A bearish move could stall or reverse around any of the key Fib levels.

The US Federal Open Market Committee (FOMC)  continues to steadily raise interest rates. The current Fed Funds rate is 2.25%. Recent employment and other economic data for the US has been very positive, giving strength to the Dollar. This suggests that there could be further rate hikes in the near future. The Bank of Canada (BOC) continues to raise interest rates, as expected. The current rate is 1.75% – it’s highest since December 2008. Further rate hikes are expected. The recent USMCA has given strength to the Canadian Dollar.

US CPI figures will be released at 1230 UTC today.

 

USDCHF – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, price has reversed off the trend support area. The USDCHF is up-trending. Opportunities to go long could exist around the trend support area, around the dynamic support of the moving averages and around the horizontal levels at 1.0070 and 1.0060. The bullish moving averages are starting to tighten, signalling that the uptrend may becoming to an end. Price may be rejected or reverse around 1.0120.

The US Federal Open Market Committee (FOMC)  continues to steadily raise interest rates. The current Fed Funds rate is 2.25%. Recent employment and other economic data for the US has been very positive, giving strength to the Dollar. This suggests that there could be further rate hikes in the near future. The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The Swiss Franc continues to be highly valued. The SNB has announced that it will continue to intervene with in foreign exchange markets.

US CPI figures will be released at 1230 UTC today.

 

USDJPY – 1 Hour Chart 

 

Price is finding resistance around the trend resistance area and the longer-term moving average (as suggested in yesterday’s chart analysis). The USDJPY is currently down-trending. The moving averages are bearish and steady, signalling that the downtrend could continue. Selling opportunities may exist around the trend resistance area and the longer-term moving average. A bearish move could be rejected or reverse around the shorter-term moving average and around the horizontal levels at 111.20, 111.05 and 110.85. If the USDJPY breaks to the upside, a bullish move could be rejected or reverse around the horizontal levels at 111.65 and 112.00.

The US Federal Open Market Committee (FOMC)  continues to steadily raise interest rates. The current Fed Funds rate is 2.25%. Recent employment and other economic data for the US has been very positive, giving strength to the Dollar. This suggests that there could be further rate hikes in the near future. The Bank of Japan (BOJ) continues to keep interest rates at the record low of -0.10%. The Japanese economy is under-performing.

US CPI figures will be released at 1230 UTC today.

 

XAUUSD – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, GOLD is currently reversing off the trend resistance area. Price is down-trending. Opportunities to go short could exist around any of the key Fib levels and around the trend resistance area. The moving averages have crossed bullish, signalling that an attempt to swing lower may fail. Opportunities to go long could exist around the moving averages and around the horizontal levels at 1290.50 and 1283.00.

Hi, i read your blog from time to time and i own a similar one and i was just curious if
you get a lot of spam remarks? If so how do you stop it, any plugin or anything you can recommend?
I get so much lately it’s driving me insane so any
help is very much appreciated. I’ll right away
grasp your rss feed as I can’t in finding your e-mail
subscription link or e-newsletter service. Do you have any?
Please allow me recognise in order that I
may just subscribe. Thanks. I am sure this post has touched all the
internet people, its really really nice piece of
writing on building up new web site. http://Tagomi.com/

All of the entertainment blogs and shows been recently telling us that right here is the moment we’ve all been waiting for, despite less-than-impressive
viewership last year: the 2009 Academy Awards winners have been announced amid a involving pomp, circumstance, champagne, and
chiffon.

Television taking place during age of the Roman empire that certainly makes my list is Gladiator.

Russell Crowe stars as Maximus, a fugitive general who is
on a crusade for vengeance because he attempts develop down an evil emperor, played by joker android
apk.

Those who cited Nicholas Cage said he was too much of an action star.
That personally threw me since I’m more familiar more than Nicholas of
“Petty Sue Got Married” and “Family Man.” These women, who aren’t action movie fans,
could be coloring their opinions with this particular actor merely from his
limited be successful in such shows.

Most sensual actor: Meal contains goes to Alan Rickman again, though it is a real tough switch.
In Sense and Sensibility, with Kate Winslet, Rickman will not
have enough room in the script for additional details on his passion and intimacy but each word he speaks
breathes sensuality. In Rasputin, Rickman plays a strangely soul-warped illiterate and debauched Russian peasant who becomes Empress Alexandria’s (Greta Scacchi) confidante and spiritual adviser.

In the course of that part, he’s desirable.

Most understated and subtle, yet sensual scene love scene of all:
Famous . difficult because I’m torn between three scenes, as well as something does involves only
individual. So I’ll give the award numerous sensual scene to Gary Oldham and Demi
Moore as Rev. Dimsdale and Hester Prynne in Nathtaniel Hawthorne’s The Scarlett Post.
I dare you to watch those love scenes and then determine if you’re not breathing high.

Women in this category cited some the exact
same actors; Keanu Reeves and Jude Law in distinct.
Their reasons for citing those actors were also basically equal to their male counterparts.

The reviews for the Oscar show will ultimately mean less when compared with the ratings, which could also go either way.
But soon enough, we’ll know if enjoying a was a turning point for the Oscar
show, or just sad, time-wasting tests. http://hearamerica.org/__media__/js/netsoltrademark.php?d=www.kenyear.com%2Fget-the-best-online-casino-experience-with-joker123-casino%2F

I got this web site from my pal who informed me concerning this
web page and at the moment this time I am browsing this website and reading very informative posts at this time.

Wonderful goods from you, man. I have understand your stuff previous to and
you are just extremely excellent. I actually like what you have acquired here, really like what you are
stating and the way in which you say it. You make it entertaining and you still care for to keep it smart.

I can not wait to read much more from you.

This is really a wonderful web site.

Does your blog have a contact page? I’m having a tough time locating it but, I’d like to send you an e-mail.

I’ve got some recommendations for your blog you might be interested in hearing.

Either way, great site and I look forward to seeing it improve over time.

Hiya very nice blog!! Man .. Excellent .. Superb ..
I will bookmark your web site and take the feeds additionally?
I am happy to seek out so many useful info right here within the put up, we
need develop extra techniques on this regard, thank you for
sharing. . . . . .

It’s a shame you don’t have a donate button! I’d definitely donate to this outstanding blog!
I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account.
I look forward to fresh updates and will talk about this website with my Facebook group.

Chat soon! natalielise pof

26 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *