VIDEO ANALYSIS: AUDUSD WILL FINISH THE WEEK BEARISHIn this video update, we take a look at how the AUDUSD is finishing for the week and what to expect
going forward. The RBA left rates unchanged and the statement suggested the recent weak data was a small bump in the
road, however, Governor Lowe was quick to re-iterate that rate hikes in 2019 will be highly unlikely. If the market
closes below 0.7050 we should expect further downside.
Australia
VIDEO TRADE UPDATE: GBPUSD CLOSE TO TARGETSIn this video update, we take a look at the GBPUSD trade we placed on the telegram channel. Price found
support at a key level and with the daily candle closing bullish gave us an opportunity for some short term trades higher.
Manage the trade now with stops to breakeven or close the trade as it has moved close to targets.
VIDEO ANALYSIS: AUD200 APPROACHING CRITICAL LEVELIn this video update, we take a look at the AUD200 index and how the price is benefitting off of AUD weakness.
Price smashed through recent support levels and looks to continue on its path higher, however, we have a significant
resistance level above which may prove tricky for the price to break. If we do see further upside, the market will likely
head towards all-time highs once again.
ANALYSIS: GBPJPY BREAKS WEEKLY LOW In this update, we take a look at GBPJPY as it breaks through weekly lows.
Price has stalled as GBPUSD was sitting at key resistance and as price moves lower there, the weakness
has rolled over to the cross pairs. The BoE has announced that growth is slowing and they need to plan
around Brexit which holds significant uncertainty.
Technically wait for a pullback into the 142.00 resistance before look for further short opportunities.
ANALYSIS: EURUSD BREAKS WEEKLY LOWIn this update, we take a look at EURUSD. Price is currently breaking last weeks low and if the
daily chart closes below we can expect EURUSD to head back towards the range lows.
Despite this chart moving lower EURO is bid against many of its counterparts especially the AUD.
Any strength here will boost the cross pairs significantly.
VIDEO ANALYSIS: AUDJPY FALLS OFF THE BACK OF RBAIn this video update, we take a look at AUDJPY and how it has been affected by the RBA governor Lowes statement.
Tuesday saw the RBA hold interest rates at 1.5% however they downplayed the recent poor data in which boosted the AUD slightly.
This was short lived as the RVA Governor stated they are still concerned by the housing and wages data that they are putting any
rate hike plans on hold. This was taken negatively and the price fell. Expect further downside to this market on pullbacks.
VIDEO ANALYSIS: EURGBP TRADING IN THE ZONE + TOP TIPSEURGBP printed a bullish inside candle at the range support and upside looks likely.
I had a question recently asking about further downside in this market, and why it is important
to wait for the weekly closes. Watch the video for some top tips on staying on the right side of the market.
VIDEO TRADE: TRADING THE RETRACEMENT...USDCADIn this video update, we talk about USDCAD entering a support zone with the potential of a retracement.
Price on the daily chart formed a bullish low test candle showing buyings re-entered the market. Currently,
price is re-testing a minor support area on the 1hr chart and could move higher in line with the
daily retracement into the resistance of 1.32000.
VIDEO ANALYSIS: RBA TAKES A LESS DOVISH TONE...AUDUSDIn this video update, we take a look at the RBA's recent rate announcement.
The RBA held interest rates and despite the recent weak data they are considering it
as a minor bump in the road on the way to hiking interest rates. This was seen as a positive
by the market, and price rallied back into the trendline resistance. We have to take caution however
here as the data could prove the RBA wrong.
ANALYSIS: GBPUSD BACK TO DAILY HIGHSGBPUSD weekly chart finished as a bearish inside candle and key resistance so we could see this market fall lower.
The 4hr chart is starting to form lower lows and we are expecting price to fall back into the daily highs around 1.3000
before seeing any significant buyers come back into the market. If price closes below 1.3000 we could see prices continue to move lower.
ANALYSIS: USDJPY TO 111.00Currently, price is struggling to break above 110.00 however the weekly chart is retracing
back with the potential to re-test the weekly 20MA. A break and close above the key 110.00
resistance would see prices head towards the 111.00 resistance. Look for long opportunities only if price can close above 110.00.
ANALYSIS: NZDUSD TO RE-TEST HIGHSNZDUSD continues to make higher highs and price has recently closed above a trendline resistance.
Price is likely to continue to move higher and if price tests the structure highs at 0.6825 with 50%
fibonacci confluence and prints bullish price action we can look for long trades into the 0.7000 resistance.
Flight from the asset (everything) bubble to US dollarAustralia is seeing the beginning of the bursting of the property bubble. This, combined with the slow down in China and a (predicated) escalation in trade war between the Sino and Anglo sphere, will be a catalyst to the rise of the USD against AU. The global debt and asset bubble combined with deflation will see the USD as the only place to go, initially.
VIDEO ANALYSIS: NZD REMAINS STRONGIn this video update, we take a look at NZDUSD and how the kiwi has outperformed again this week
after seeing a breakout of a weekly resistance trendline. We expect this market to continue higher and
looking for a pullback to continue to get long into the resistance 0.7000.
AUDUSD- Long PositionAfter a long accumulation range which start in 2016, the Aussie moved higher until February 2018, then selling off into the buy zone at the end of 2018.
A nice large pin-bar on new years eve saw stops being run out , since then we have seen 2 buy pivots. Should see the Aussie trend higher, breaking the 2018 high, as the gold price moves in a strong up trend.
An entry on the daily chart is confirmed with a lagging line and price closing above the Ichimoku cloud.
VIDEO ANALYSIS: WHY EURAUD SHOULD BE ON YOUR WATCHLISTEURAUD is seeing further selling pressure as the eurozone economic growth is slowing combined with advanced
trade talks between China and US supporting AUD strength. Price is currently breaking through a key support
zone, if price can hold below this level we can look for further downside.
VIDEO ANALYSIS: USD TO $95.00 In this video update, we take a look at the DXY and how the USD is shaping up after the latest FOMC release yesterday.
Fed Chairman Powell took a dovish stance in the press conference suggesting rate hikes are on pause for now and that they
are continuing to focus on the data. With the large move yesterday we should expect a retracement of some kind before
any downside continuation.
TRADE UPDATE: AUDUSD HEADING FOR WEEKLY TRENDLINEIn this video update, we take a deeper look into why we placed a trade on AUDUSD and how it is currently moving.
We took this trade on a trend following system after the 4hr chart formed higher highs. Looking for this trade
to continue to push into the weekly trendline.
Follow for more updates.
ANALYSIS: GOLD BACK INTO $1310 ZONEGOLD HAS BENEFITTING NICELY OFF THE BACK OF THE DECLINING USD.
HOWEVER, PRICE IS BACK INTO THE MARCH 2018 LOWS WHERE PRICE HAS FOUND RESISTANCE BEFORE.
SEASONALITY SHOWS THAT GOLD PRICES TYPICALLY RISE UNTIL THE END OF FEBRUARY, IF PRICE
CAN HOLD ABOVE $1320 THE UPTREND SHOULD CONTINUE INTO THE $1350 RESISTANCE.
ANALYSIS: USDCAD TO FALLUSDCAD HAS RECENTLY BROKEN OUT OF A BEARISH FLAG PATTERN AND LOOKS TO CONTINUE ITS MOVE LOWER.
1.3300 REMAINS A KEY RESISTANCE ZONE WITH A DAILY 38.2 FIBONACCI RETRACEMENT CONFLUENCE.
IF PRICE CAN PUSH BACK INTO THAT LEVEL AND FORM BEARISH PRICE ACTION WE SHOULD SEE USDCAD HEAD
LOWER TOWARDS THE NEXT MAJOR SUPPORT.