TriumphFX Analysis

  AUDUSD – 1 Hour Chart   Price has been bullish and is currently finding resistance around the horizontal resistance at 0.6780 (as identified in yesterday’s chart analysis). AUDUSD has swung above the recent bearish channel and the moving averages have crossed bullish, all suggesting that price may move higher. …

EUR/USD After the formation of the new volume level of support 1.0935, the price sharply corrected upwards. The movement was supported by the increased volume and now the price is trading inside the local range between this mark and the previous level of resistance 1.0987 – 1.1002. Hence, we can …

EUR/USD The price continued falling after the formation of the new volume level of resistance, it’s 1.0987 – 1.1002. Given that it’s a good bearish signal and we may state that the downtrend is likely to go on, we should prefer a scenario of opening short positions. We can enter …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD swung lower and then found support around the bearish channel support area. Price is down-trending within a bearish channel. The moving averages are bearish and steady, signalling that the downside direction could continue. Selling opportunities …

  GOLD has hit 6 year highs, prices not seen since 2013. Will the upside momentum continue?   GOLD – Daily – XAUUSD   As suggested in our last GOLD analysis, XAUUSD has continued to be bullish and move higher. Price is clearly up-trending. The moving averages are bullish and …

  ASX 200 (Australian Stock Index – AUS200)   As suggested in our last indices analysis, price found support around 6371 and has since been bullish. The AUS200 is up-trending and is currently in a retrace phase. The moving averages are bullish and steady, signalling that the upside momentum could …

  Bitcoin (BTCUSD)   As suggested in our last cryptocurrency analysis, bitcoin found support and then became bullish. Price struggled to swing higher though and has since formed a lower swing high and is now ranging between 9385-12000, signalling weakening upside momentum. The moving averages continue to be bullish and …

  AUDUSD – 1 Hour Chart   As suggested in Friday’s chart analysis, price reversed around the bearish channel support area and has since found resistance around the channel resistance area. AUDUSD is down-trending within a bearish channel. The moving averages are bearish and steady, signalling that the downside momentum …

EUR/USD The Euro showed a significant and sharp drop on the huge volume, which is an excellent indicator of the strength of sellers. Given this fact, as well as the presence of a local downtrend, we should consider extremely short positions. Sales can be opened after a small and smooth …

EUR/USD The Euro demonstrated an abrupt fall supported by the large volume, which is a good bearish signal, broke down the previous support level, which only enhances its importance. Besides it, we need to allocated the new volume level of resistance, which was created during this move. It’s 1.1084. Considering …