October 2020 - TriumphFX Analysis

30
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 30, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price has been bearish. The AUDUSD is down-trending and is currently in a retrace phase. The moving averages are bearish and widening, suggesting that the downside direction could continue. Price is also down-trending on higher time-frames. Opportunities to go short may exist around …

29
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 29, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD closed below the range support area and has since been bearish. Price is below the recent consolidation area and the moving averages have crossed bearish, all signalling that AUDUSD may start down-trending. Selling opportunities could exist around the dynamic resistance of the …

28
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 28, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price is reversing around the range resistance area. The AUDUSD continues to be indecisive and lack trend direction. Price is ranging between 0.7100 and 0.7150. The moving averages are slightly bullish, suggesting that the AUDUSD could break higher. Trading opportunities may exist around …

27
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 27, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD has been moving sideways and has been reversing around horizontal levels. Price continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they are tightening and are moving sideways. AUDUSD is ranging between 0.7105 and 0.7150. …

26
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 26, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in Friday’s chart analysis, price has been moving sideways. The AUDUSD is indecisive and is lacking trend momentum. The moving averages are bullish and steady, signalling potential upside. Trading opportunities may exist around the moving averages and around any of the horizontal levels at 0.7030, 0.7065, 0.7090, …

25
Oct

Key Releases for 25th – 31st October 2020

Posted ByJane G

26th October 2020 TIME RELEASE PREVIOUS FORECAST 2145UTC Balance of Trade SEP N$-353M N$-800M 28th October 2020 TIME RELEASE PREVIOUS FORECAST 0030UTC Inflation Rate YoY Q3 -0.3% 0.3% TIME RELEASE PREVIOUS FORECAST 1400UTC BoC Interest Rate Decision 0.25% 0.25% TIME RELEASE PREVIOUS FORECAST 2350UTC Retail Sales YoY SEP -1.9% -1% 29th October 2020 …

23
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 23, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD has been finding support around the shorter-term moving average. Price was showing signs of upside momentum but is now looking indecisive. The moving averages are still bullish though, suggesting a potential bullish move. AUDUSD is ranging between the horizontal levels at 0.7090 …

22
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 22, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price failed to swing lower. The AUDUSD has been bullish. Price action has formed a swing higher and the moving averages are crossing bullish, all suggesting that price could start up-trending. Opportunities to go long may exist around the bullish moving averages and …

21
Oct

TriumphFX Intraday Forex Analysis – 1 Hour Charts – October 21, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, AUDUSD found resistance around the shorter-term moving average. Price has since been bullish. AUDUSD is down-trending and is currently in a retrace move. The moving averages are bearish and steady, suggesting that the downtrend may continue. Price is above the move averages though, …

20
Oct

Hedging

Posted ByJane G Category Analysis Aside

Forex hedging is a strategy traders often use to protect their trading position from an adverse move. Hedging acts as an ‘insurance’ for traders’ trade. It involves the opening of an opposite position to a current trade when high volatility events like general election or financial announcement is expected. How …