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Forex review blog for you

My Forex review blog for you

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Weekly Trade Ideas & Chart Analysis by Nial Fuller

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Note On Charts: It’s imperative to your trading success that you are trading with a broker that offers ‘New York Close Forex Charts‘, (a true 5 day chart that aligns with the New York Close).

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

Weekly Trade Ideas & Chart Analysis by Nial Fuller – June 24th to 28th, 2019

All charts illustrated are daily time frames unless marked otherwise.

USDJPY – Bearish momentum as 107.85 key support fails.

Trend: Bearish

Relevant Key Levels: Resistance 114.50 and 112.00, 111.00 and 108.50- 109.00 and 107.85. Support 104.60.

Price Action: Small Bearish Tailed Bar forms under 107.85 to resistance to 109.00 resistance area.

Current Notes: The bias is bearish whilst prices remain contained under the 107.85 to 109.00 resistance area, targeting a move down towards the old 104.60 support level.

Potential Trade Idea: We will consider selling on a price action signal around between the 107.85 to 109.00 resistance area, targeting a move down towards 104.60 area.

NOTE – You can trade USDJPY via the preferred trading platform we use HERE.

NZDUSD – Potential selling opportunity as prices retest 0.6780 – 0.6820 resistance.

Trend: Bearish

Relevant Key Levels: Resistance 0.6560, 0.6680, 0.6720, 0.6850 and 0.6970. Support 0.6500

Price Action: A Bearish Fakey Pattern triggered 2 weeks ago which is acting as ‘event area’ resistance.

Current Notes: The bias is bearish whilst price holds below 0.6680 to 0.6720 resistance zone.

Potential Trade Idea: We will consider selling if price retraces back into the recent fakey setup’s (event area) at or around the 0.6680 to 0.6720 resistance area, targeting a move back to the 0.6500 to 0.6560 support area, and if we break down, possibly much lower.

NOTE – You can trade NZDUSD via the preferred trading platform we use HERE.

GOLD – Gold explodes higher after clearing $1350 USD/Oz. resistance level.

Trend: Bullish

Relevant Key Levels: Support at $1237, $1266-$1280 and $1305-$1325 and $1355. Resistance at $1400-$1425 area.

Price Action: Price breaks above $1350 major resistance activating a bullish continuation. Bullish Pin Bar forms at support $1325 support recently.

Current Notes: Prices break above $1350 resistance and close strongly (now support). The bias is bullish above $1300 to $1325 (recent swing low).

Potential Trade Idea: We will consider buying Gold on a price action buy signal at or just above the $1325 to $1350 short term support area.

NOTE – You can trade Spot GOLD via the preferred trading platform we use HERE.

MEMBERS GET MORE :> Get Daily Trade Ideas & Chart Analysis From Nial Fuller Every Day … All Members of Nial Fuller’s trading courses & members area get access to Nial’s daily trade setups ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info Visit the Course Membership Page Here.

Note: –  Download a Free Trial of the Broker & Charting Platform We Use HERE.

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