Weekly Trade Setups & Chart Analysis By Nial Fuller – July 9th to 13th, 2018


Nial Fuller forex trader education

EURUSD

Expect sellers to defend 1.1840 key technical level this week

Summary – The downtrend that we discussed last week in the EURUSD remains intact whilst price is contained under the resistance at 1.1838-50 area. Price retraced modestly higher last week but we expect price to continue lower once again from nearby resistance levels.

Forecast – While price is trading below the 1.1838-50 resistance zone, we will look to be a seller on any price strength or we will wait for a price action signal on the 4 hour or daily chart.

GOLD

The line in the sand for GOLD remains 1282 this week

Summary – A strong downtrend remains whilst price is contained under the technical resistance levels at 1282 and 1305.

Forecast – Whilst price is contained below the 1282 to 1305 resistance zone, we would look to sell short on any price strength towards 1282, or wait for a price action sell signal on the 4 hour or daily chart.

CRUDE OIL WTI

The bulls are likely to squeeze the shorts and push CRUDE OIL higher this week

Summary – Very strong bullish trend underway with price contained above the technical support levels at 69.36 and 66.63.

Forecast – Whilst contained above the 69.36 to 66.35 support zone, we would look to buy on any price weakness towards 69.36, or wait for a price action buy signal on the 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.

Related News

arrow

Weekly Trade Setups & Chart Analysis By Nial Fuller - July 9th to 13th, 2018

2

Send this to a friend

Subscribe to LeapRate
PGlmcmFtZSBzcmM9Ii93cC1jb250ZW50L2E0bHIvaGFuMTZyZXNfNjI1eDQwMC5odG1sIiB3aWR0aD0iNjI1IiBoZWlnaHQ9IjQwMCIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6bm9uZTsiIHNlYW1sZXNzPjwvaWZyYW1lPg==
PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM5NSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC80Mzc5MThJbFc5ST9yZWw9MCZjb250cm9scz0wJnNob3dpbmZvPTAiIGZyYW1lYm9yZGVyPSIwIiBhbGxvdz0iYXV0b3BsYXk7IGVuY3J5cHRlZC1tZWRpYSIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry:
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS9hNGxyMTcvNjAweDQyNS82MDB4NDI1TFIuaHRtbCIgZnJhbWVib3JkZXI9IjAiIHdpZHRoPSI2MDAiIGhlaWdodD00MjUiPjwvaWZyYW1lPg==
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS9hNGxyMTcvdWZ4MTgvNjAweDQyNV8xc3QtVGltZUxlYXBSYXRlLWVuLUdCX0hUTUw1Lmh0bWwiIGZyYW1lYm9yZGVyPSIwIiB3aWR0aD0iNjAwIiBoZWlnaHQ9NDI1Ij48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Ii8vY2RuLmJhbm5lcnNuYWNrLmNvbS9iYW5uZXJzL2JjaWVod29iOC9lbWJlZC9pbmRleC5odG1sP3VzZXJJZD0zMTU5MzQwNiZ0PTE1MTAxMzg3MTAiIHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIHNjcm9sbGluZz0ibm8iIGZyYW1lYm9yZGVyPSIwIiBhbGxvd3RyYW5zcGFyZW5jeT0idHJ1ZSIgYWxsb3dmdWxsc2NyZWVuPSJ0cnVlIj48L2lmcmFtZT4=