TriumphFX Analysis

AUDUSD As suggested in yesterday’s chart analysis, price is indecisive and has been moving sideways. AUDUSD is still indecisive. The moving averages confirm the indecision – they are tight and also moving sideways. Price is ranging between 0.6845 and 0.6910 but could also start ranging between 0.6785 and 0.6975. AUDUSD …

AUDUSD AUDUSD is currently moving sideways and looking indecisive. The moving averages confirm the indecision – they are tight and also moving sideways. Price may start ranging between 0.6785 and 0.6975. AUDUSD has been forming lower swing highs and has formed a diagonal resistance area, suggesting that price may attempt …

AUDUSD – Daily and 4 Hour Charts AUDUSD has been bullish. Price has not been able to break recent swing highs though, suggesting that the AUDUSD could still downtrend or could become indecisive. The daily moving averages confirm the market indecision – they are tight and moving sideways. On the …

Thinking of the concept of variety. Just like the old saying goes “never keep all of your eggs in the same basket” – diversification is a call for the creation of a portfolio that contains a wide variety of investments. The rationale behind this strategy – invest in multiple asset …

AUDJPY Daily & 4 Hour Charts As suggested in our last JPY chart analysis, price found resistance around 70.30. AUDJPY has since been bullish though and has swung higher. Price has closed above a recent swing high on the daily time-frame, suggesting that the recent downtrend has come to an end. …

This coming week can be an opportunity for traders to have a clearer picture of countries’ post-pandemic economic outlook. 15th June 2020 TIME RELEASE PREVIOUS FORECAST 0900UTC Balance of Trade APR €28.2B €16.2B 16th June 2020 TIME RELEASE PREVIOUS FORECAST 0130UTC RBA Meeting Minutes TIME RELEASE PREVIOUS FORECAST 0300UTC BoJ Interest Rate …

EURGBP – Daily and 4 Hour Charts The EURGBP continues to be indecisive and lack trend direction. Price is moving within a large weekly horizontal channel at 0.8300-0.9320. The daily and 4 hourly moving averages confirm the market indecision – they have been crossing frequently and are moving sideways. Trading …

First of all, it is important to know the following facts: The MetaTrader 4 charts are built with Bid price. Buy orders are opened by Ask price, but closed by Bid price. Sell orders are opened by Bid price, but closed by Ask price. Hence, if traders only look at …

EURCAD – Daily and 4 Hour Charts As suggested in our last EUR chart analysis, the EURCAD has been finding support around the 50.0% Fib level. On the daily time-frame, price action has formed a clear swing higher (March 2020) and has since been in a retrace phase. The daily moving …

AUDCHF – Daily & 4 Hour Charts As suggested in our last CHF chart analysis, price found resistance around 0.6430. AUDCHF has since been bullish though and has broken the resistance area. The AUDCHF has swung above a number of key resistance levels and the moving averages, suggesting that downside momentum …