Weekly Trade Setups & Chart Analysis By Nial Fuller – July 23rd to 27th, 2018


Nial Fuller forex trader education

USDJPY

Buyers expected to defend 110.80-111.30 support range this week

Summary: Long term up trend remains in tact with nearby support at 110.80-111.00. It’s likely prices will experience buying pressure from nearby support this week.

Trade Forecast: Wait for a price action buy signal above 110.80-111.00 support.

EURUSD

Looking to sell short below 1.1820-50 key resistance zone this week

Summary: Long term down trend remains in tact with nearby resistance at 1.1820-50. 2 Bullish pin bar buy signals formed over the last week but where against the trend. Price could pop up in the short term, however it’s likely prices will experience sell pressure from overhead resistance.

Trade Forecast: Sell short on any price strength under 1.1820-50 or wait for a price action sell signal on 4 hour or daily chart.

NZDUSD

Sell signal last week under 0.7650 resistance could lead to lower prices

Summary: Long term down trend remains in tact with nearby resistance at 0.6855. A bearish Pin Bar sell signal formed last week in line with the down trend.

Trade Forecast: Sell short on any price strength whilst prices remain contained under 0.6855.

GOLD

Short term bounce expected, but sellers should defend 1266-82 resistance

Summary: Down trend remains in tact with nearby resistance at 1266 to 1282. There was a large pin bar buy signal that formed last week against the trend. Price could pop up in the short term, however it’s likely prices will experience sell pressure from overhead resistance.

Trade Forecast: Sell short on any price strength under 1266 to 1282 or wait for a price action sell signal on 4 hour or daily chart.

This article was written by Nial Fuller. Nial is a highly regarded professional trader and author. He is the founder and CEO of Learn to Trade the Market, the world’s foremost trading education resource.

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Weekly Trade Setups & Chart Analysis By Nial Fuller - July 23rd to 27th, 2018

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