Forex Analysis – TriumphFX


What’s moving the market? China’s Problem Things are obviously not looking up in China. The Chinese households are cutting spending in a thread that could depress the country’s economic growth for years to come. Xi’s government has proved powerless when it comes to reviving investor spirit. Economists are downgrading growth …
29
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/08/26/triumphfx-forex-analysis-1-hour-charts-august-26-2022/ AUDUSD – Indecision The AUDUSD has been bearish. Price was showing signs of a potential uptrend but AUDUSD has been strongly bearish. Overall, price is looking indecisive and is lacking clear trend direction. The moving averages confirm the market indecision – they are tightening and are moving sideways. …
26
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/08/10/triumphfx-intraday-forex-analysis-1-hour-charts-august-10-2022/ AUDUSD – Potential uptrend? Price was down-trending but recent price action has been bullish. AUDUSD has formed a series of higher swing highs and higher swing lows and has also formed a bullish channel, suggesting a potential uptrend. The moving averages confirm the possible upside – they are …
25
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/03/16/triumphfx-indices-analysis-apr-may-june-2022/ ASX 200 (Australian Stock Index – AUS200) – Daily Chart – Down-trending As suggested in our last analysis, ASX reversed around 7625 and has since been bearish. Price is down-trending – price action has formed a series of lower swing highs and lower swing lows. AUS200 is currently …
23
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/03/14/triumphfx-gold-silver-update-april-may-june-2022/ GOLD – XAUUSD – Daily & Weekly Charts – Indecisive As suggested in our previous GOLD analysis, XAUUSD reversed off 2025 and 2045. Price was up-trending but is now looking indecisive. GOLD is moving sideways and is ranging between 1705 and 2025. Price is currently testing the range …
22
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/03/15/triumphfx-cryptocurrency-update-april-may-june-2022/ Bitcoin (BTCUSD) – Daily & Weekly Charts – Indecision. Further downside? As suggested in our last chart analysis, Bitcoin has found support around 19000. Price continues to look indecisive and lack trend momentum. Price action is forming a lower swing low though and potentially forming a head and …
20
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/03/28/triumphfx-forex-analysis-usd-pairs-april-may-june-2022/ AUDUSD Analysis – Daily Chart – Down-trending AUDUSD reversed around 0.7600, as suggested in our previous analysis. Price was indecisive but is now down-trending – price action has formed lower swing highs and lower swing lows. AUDUSD is currently in a retrace move and is testing the daily …
20
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/03/25/triumphfx-forex-analysis-jpy-pairs-april-may-june-2022/ AUDJPY Analysis – Daily Chart – Up-trending As suggested in our last chart analysis, price has been bullish and has been swinging higher. The AUDJPY is clearly up-trending – price action has formed a series of higher swing highs and higher swing lows. The moving averages are bullish …
17
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/03/24/triumphfx-forex-analysis-gbp-pairs-april-may-june-2022/ EURGBP Analysis – Daily Chart – Indecisive The EURGBP has been moving sideways. Price was down-trending but has recently been indecisive and has been moving sideways. EURGBP is looking choppy and is lacking trend direction. The moving averages are moving sideways – confirming the market indecision. Trading opportunities …
16
Aug
Posted BySamuel Morton Category Daily FX Analysis
Previous analysis… https://analysis.tfxi.com/2022/03/21/triumphfx-forex-analysis-eur-pairs-april-may-june-2022/ EURCHF – Daily Chart – Down-trending Price reversed around 1.0500 and has since been bearish, as suggested in our last chart analysis. EURCHF is clearly down-trending – price action has formed a series of lower swing highs and lower swing lows. Price is currently forming a swing lower. …