ANALYSIS: DXY BREAKS PATTERNThe USD remains under pressure as price failed to find support last week. The 4hr chart formed a bearish
descending triangle pattern and has now broken the supporting trendline. $96.00 support looks likely to be tested before we see any further developments for the USD. This level also hosts 38.2% Fibonacci retracement from the daily timeframe.
Australia
TRADE ANALYSIS: USDJPY TO 110.00USDJPY is currently trapped at key resistance of 111.00 and price looks to be preparing for a breakout.
If price breaks lower we should expect the price to head towards the 110.00 support level. The BOJ has discussed
with a local newspaper that they will intervene with more easing if they feel it necessary.
VIDEO ANALYSIS: USD FNISHES LOWER FOR THE WEEKIn this video update, we take a look at how the USD is finishing for the week and with the 4hr continuing
to look bearish we could expect a breakout of the current bearish pattern. If we do see price break lower
we should see prices head towards the key support of $96.00.
ANALYSIS: GOLD TO $1320 BEFORE ONE LAST MOVEGold could be heading back to the $1320 highs were price found structure resistance before.
If price prints bullish price action here we could see another push into the key resistance zone.
Daily trend will remain intact if price can hold above the key lows around $1300.00.
VIDEO ANALYSIS: AUDUSD WOES CONTINUEIn this video update, we discuss the current downturn in the AUDUSD as price breaks out of the bearish flag on the 4hr timeframe.
China is potentially adding a ban on coal imports from Australia which has caused the sudden downturn in the AUD. With this breakout
we could expect prices to re-test the key 0.7050 demand zone.
VIDEO TRADE ANALYSIS: EURUSD AHEAD OF THE FOMC MEETING MINUTESIn this video update, we take a look at EURUSD and how it could play out ahead of the FOMC meeting minutes this evening.
The market is expecting the FOMC to continue to set a dovish tone and with that suggest rate increases or unlikely anytime soon.
The 4hr chart is forming an uptrend and could see further upside if the weakness comes into play.
ANALYSIS: AUDUSD TO KEY WEEKLY TRENDLINEAUDUSD will also benefit from any USD weakness this week and price is currently sitting in a minor resistance zone.
With the USD weakness, we could see prices push towards the weekly trendline resistance. If price can pullback into the 61.8 Fibonacci retracement tool we could look for bullish price action into the 1.1618 Fibonacci extension.
ANALYSIS: USDCHF TO 0.9840USDCHF could benefit from the short-term USD weakness and with price sitting at the key weekly resistance
zone of 1.0050 we could see price move considerably lower.
Looking at the daily chart we can see price has broken through a trendline support if we see price pullback and form
a daily double top we can look for trades short.
ANALYSIS: DXY BACK TO $96.00...USD DOWNSIDE TO CONTINUEThe USD could suffer a setback this week as the trade war risk continues despite there being some advancements. The FOMC is set to release their latest meeting minutes with it expected to re-iterate the FOMC stance on data and with the data out of the US becoming softer a dovish tone is more likely. Price could push back into the 38.2 fib and key $96.00 level.
AUDUSD For sell next week Hello Followers;
- AUDUSD finished AB=CD pattern so the price in a good zone now for sell.
- If the price raise next well it will be for selling also because it will enter Potential reversal zone of Harmonic Bat pattern.
- in any case AUDUSD for sell .. the best price will be 0.7240 to see.
Good luck
TRADE ANALYSIS: EURJPY TO 124.20EURJPY has recently rejected the key resistance of 125.80 and formed a bearish weekly candle. Since then
price has rallied this week into a minor 4hr resistance zone. Price is currently being held by trendline support
and previous structure highs. If price can break lower it will give the opportunity to look for further short trades into the
key support zone of 124.20.
TRADE ANALYSIS: AUDCHF TO WEEKLY LOWSAUDCHF is on our watchlist this week as the weekly chart rejected a key resistance zone.
Looking to the 4hr trading timeframe we can see price has approached a 4hr minor resistance zone
and price looks to be rejecting.
Entry- LIVE
Stops - -44pips
Targets- +88 pips
TRADE ANALYSIS: GOLDEN FIB RATIO AT 97.60...DXYThe USD looks to continue its move into the $97.60 level. The Fibonacci extension shows the golden Fibonacci ratio of 1.618 sitting at the key level. This could show us that a potential reversal is likely here. If we see price push this level and reject we could see the USD fall back within the current range and back towards $95.00.
VIDEO ANALYSIS: EURUSD DAILY MOMENTUM TO 1.1360In this video update, we take a look at EURUSD and how we can take advantage of yesterdays daily
momentum on a lower timeframe. The 1hr chart has pulled back into a minor support zone and if
price can show bullish price action we can look for long opportunities into 1.1360.
VIDEO TRADE: EURAUD LOW RISK TRADEIn this video update, we look at taking a lower risk trade on EURAUD. In the telegram channel we spoke of buying the
daily high in anticipation of a breakout. With the short-term AUD strength price moved and formed a new daily low.
However, that daily low comes in at a weekly 50% fib retracement where buyers may step back into the market.
VIDEO ANALYSIS: LOOK FOR CAD STRENGTH...USDCADIn this video update, we take a look at USDCAD and how the price is finding resistance at the key 1.3300 zone.
This allows us to look for potential CAD strength moves against our weaker currencies such as the NZD, AUD, CHF and GBP.
We wouldn't necessarily look at this chart to trade however as the USD is seasonally strong, but using the major
currency pair to our advantage we can highlight where the base or term currency will find some strength and weakness
from support or resistance points, like in this example.
VIDEO ANALYSIS: EURUSD BACK INTO DEMAND ZONEIn this video update, we take a look at EURUSD and how it is moving within the key demand zone.
Price could find buyers here despite the current USD strength and weakness forming in the Eurozone.
The key lows around 1.1200 need to be broken and closed below before confirming any breakout of the structure.
Look for the market to respect the range with any cycle changes on the 1hr chart confirming some potential upside.
VIDEO TRADE: EURNZD TO PUSH TO 1.7140In this video update, we take a look at EURNZD and how the market could find support at its current levels.
Price recently formed a weekly bullish engulfing candle off a key weekly demand zone. Price on the 4hr
chart is now forming a flag pattern with the potential to break to the upside.
Entry- 1.6790
Stop Loss- 1.6710
Target 1 - 1.6950
Target 2- 1.7140