TriumphFX Analysis

21
Jul

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bearish in yesterday’s trading sessions. Price is now retracing some of the recent downwards move and is currently slightly bullish. The moving averages are bearish but are starting to slightly tighten, suggesting that selling momentum could be weakening. Selling opportunities could exist …

21
Jul

Intraday Forex Analysis – 1 Hour Charts – July 20, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was bearish in yesterday’s trading sessions. The moving averages are very bearish and are showing no sign of tightening, suggesting that the bearish run will continue, although price is currently bouncing off a support area around 0.7475-0.7480. If price retraces before moving lower, …

19
Jul

Intraday Forex Analysis – 1 Hour Charts – July 19, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD was bearish in yesterday’s trading sessions, however the trend support line did not hold and price has moved much lower. The moving averages have crossed bearish and are currently widening, suggesting that price may continue to be …

18
Jul

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

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in Friday’s chart analysis, the trend support line was tested once again and did not hold. The AUDUSD since the break of the support has been bearish. The bullish moving averages are tightening and look like they may cross bearish in today’s trading sessions, suggesting that the …

15
Jul

Intraday Forex Analysis – 1 Hour Charts – July 15, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Price found support again around the trend support line area and the shorter-term moving average but quickly reversed bearish around the trend resistance area (as identified and suggested in yesterday’s chart analysis). Overall, price is very bullish. The moving averages are still bullish, suggesting that the bullish move …

14
Jul

Intraday Forex Analysis – 1 Hour Charts – July 14, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD found support and bounced off the trend support line identified in yesterday’s chart analysis. The bullish moving averages are currently showing no signs of weakness, suggesting that price could continue to move higher. If the trend support line is tested again, it is …

13
Jul

Inter-day Forex Analysis – Daily Charts – July 13, 2016

Posted BySamuel Morton Category Daily FX Analysis

EURUSD – Daily Chart The EURUSD is at a very interesting support area. There is horizontal support (also a key psychological level) at 1.1000 and a trend support line around the same area. Price closed a bearish pin bar yesterday and the moving averages have also crossed bearish – both suggesting …

13
Jul

Intraday Forex Analysis – 1 Hour Charts – July 13, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart The AUDUSD was very bullish in yesterday’s trading sessions. Price is now retracing some of the bullish move and is nearing the shorter-term moving average. The moving averages continue to be bullish and are currently widening, suggesting that the bullish move could continue. Buying opportunities …

12
Jul

Intraday Forex Analysis – 1 Hour Charts – July 12, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, price found dynamic support at the shorter-term moving average and moved higher. The upside move is now stalling around the trend resistance line (as also suggested in yesterday’s chart analysis). If price pulls back in today’s trading sessions, there …

11
Jul

Intraday Forex Analysis – 1 Hour Charts – July 11, 2016

Posted BySamuel Morton Category Daily FX Analysis

AUDUSD – 1 Hour Chart Price closed above the potential consolidation (see Friday’s chart analysis) and is moving higher. The moving averages have crossed bullish and are widening, suggesting that the upside move could continue. Buying opportunities could exist if price pulls back to around the bullish moving averages or around the …