November 2020 - TriumphFX Analysis

29
Nov

Key Release for 29th – 5th December 2020

Posted ByJane G Category Daily FX Analysis

29th November 2020 TIME RELEASE PREVIOUS FORECAST 2350UTC Retail Sales YoY OCT -8.7% -8.5% 30th November 2020 TIME RELEASE PREVIOUS FORECAST 0730UTC Retail Sales YoY OCT 0.3% TIME RELEASE PREVIOUS FORECAST 1330UTC PPI MoM OCT -0.1% 0% TIME RELEASE PREVIOUS FORECAST 2330UTC Unemployment Rate OCT 3% 2.9% 1st December 2020 …

27
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price has been bullish and has swung higher. AUDUSD is up-trending. The moving averages are bullish and steady, signalling that the upside direction may continue. Price action has formed 2 bullish channels and price is trending within both channels. AUDUSD is also up-trending …

26
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, the AUDUSD found support around the moving averages and has been finding resistance around 0.7365. Price is up-trending within a bullish channel. The moving averages are bullish and steady, signalling that the uptrend could continue. Buying opportunities may exist around the dynamic support …

25
Nov

TriumphFX Intraday Forex Analysis – 1 Hour Charts – November 25, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price reversed around the shorter-term moving average and has swung higher. AUDUSD is up-trending – price action has formed a series of higher swing highs and higher swing lows and has also formed a bullish channel. The moving averages are bullish and steady, …

24
Nov

TriumphFX Intraday Forex Analysis – 1 Hour Charts – November 24, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD The AUDUSD has been bullish. Price has closed above the consolidation area, suggesting a potential uptrend. The AUDUSD is also up-trending on higher time-frames, adding confidence to potential upside. The moving averages are still moving sideways though, suggesting market indecision. Buying opportunities may exist around the dynamic support of …

23
Nov

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in Friday’s chart analysis, price has been finding resistance around the range resistance area. AUDUSD continues to be indecisive and lack trend direction. The moving averages have been crossing frequently and are moving sideways – confirming the market indecision. Price is ranging between 0.7220 and 0.7335. Trading …

22
Nov

Key Releases for 22nd to 28th November 2020

Posted ByJane G

23rd November 2020 TIME RELEASE PREVIOUS FORECAST 2145UTC Retail Sales YoY Q3 -14.2% -5% 25th November 2020 TIME RELEASE PREVIOUS FORECAST 1900UTC FOMC Minutes TIME RELEASE PREVIOUS FORECAST 2145UTC Balance of Trade OCT N$-1017M N$-2700M 26th November 2020 TIME RELEASE PREVIOUS FORECAST 1930UTC Non Farm Payrolls Q3 5.095M 4.890M TIME …

20
Nov

Spread Widening – What you need to know…

Posted BySamuel Morton Category Daily FX Analysis

What is the spread? Spread is the difference between the buy price and the sell price of a Forex pair or financial security. Sometimes the buy price and sell price is referred to as the bid price and ask price. For example, if EURUSD has a quoted sell price of …

19
Nov

TriumphFX Intraday Forex Analysis – 1 Hour Charts – November 19, 2020

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price reversed again around the range resistance area. The AUDUSD continues to be indecisive and range between 0.7220 and the horizontal resistance at 0.7335. The moving averages have been crossing frequently and are moving sideways – confirming the market indecision. Trading opportunities may …

19
Nov

Scalping

Posted ByJane G Category Daily FX Analysis

Scalping in Forex is a trading style used by traders who buy or sell a currency pair within minutes. The purpose of scalping is to make a small profit within the minutes of holding the position. Even though the profit is small, but Forex scalpers often open a large number …