Australia
AUDCAD DOWNSIDE POTENTIAL: VIDEO ANALYSISIN THIS VIDEO, WE TAKE A LOOK AT AUDCAD AND THE POTENTIAL FOR FURTHER DOWNSIDE.
PRICE IS TRENDING LOWER ON THE WEEKLY, DAILY AND NOW THE 4HR CHART.
COMBING THE TIMEFRAMES WE HIGHLIGHT AN AREA OF RESISTANCE WHERE PRICE COULD
MOVE LOWER FROM MOVING INTO NEXT WEEKS TRADING.
AUDJPY POTENTIAL DOWNSIDE CONTINUATION: VIDEO ANALYSISIN THIS VIDEO, WE TAKE A LOOK AT AUDJPY. WHY WE TOOK A SHORT,
HOW WE ARE MANAGING THE SHORT AND WHAT COULD HAPPEN NEXT.
PRICE CAME INTO THE KEY RESISTANCE AND FORMED A BEARISH DOJI CANDLE, HIGHLIGHTING
POTENTIAL DOWNSIDE. 4HR CHART HAS FORMED A HEAD AND SHOULDERS PATTERN SHOWING
A CHANGE IN CYCLE.
AUDJPY 4HR HEAD AND SHOULDERS PATTERN: ANALYSISAUDJPY HAS RECENTLY ENTERED A KEY RESISTANCE LEVEL AND PRICE LOOKED TO HAVE REJECTED ON THE DAILY
CHART LEADING US TO SELL THIS MARKET. LOOKING AT THE 4HR SHART WE CAN SEE A POTENTIAL 4HR
HEAD AND SHOULDERS PATTERN FORMING. IF PRICE CAN PUSH THROUGH THE NECKLINE LOWS
AND CLOSE BELOW, WE CAN LOOK FOR FURTHER SHORT OPPORTUNITIES ON THIS PAIR.
EURNZD PULLBACK BEFORE CONTINUATION: ANALYSISEURNZD LOOKS TO BE CONTINUING ON IT'S PATH LOWER AND PRICE IS CURRENTLY TESTING THE
WEEKLY LOWS. WE WOULD LIKE TO SEE THE MARKET PULLBACK BEFORE GETTING INVOLVED, PRICE
HAS A MINOR RESISTANCE AT 1.6800 WITH 61.8 FIB CONFLUENCE. IF PRICE FINDS RESISTANCE HERE WE COULD
SEE PRICE MOVE LOWER DOWN INTO THE KEY SUPPORT OF 1.6570.
USDSGD POTENTIAL HEAD AND SHOULDERS PATTERN: ANALYSIS USDSGD HAS APPROACHED A KEY RESISTANCE LEVEL AND THE 1HR CHART
IS POTENTIALLY FORMING A HEAD AND SHOULDERS PATTERN.
TYPICALLY, WHEN YOU SEE THESE PATTERNS AT KEY RESISTANCE ZONES
WE ARE LIKELY TO SEE A REVERSAL. IF PRICE CAN BREAK AND CLOSE THROUGH THE
NECKLINE WE CAN LOOK FOR SHORT OPPORTUNITIES.
USDCAD BACK AT KEY RESISTANCE: ANALYSISTHE DAILY CHART IS BACK INTO THE 20 MOVING AVERAGE WHERE SELLERS MAY RE-ENTER THE MARKET.
PRICE ON THE 4HR CHART IS CURRENTLY REJECTING THE TOP OF THE CHANNEL RESISTANCE. IF PRICE ACTION TURNS
BEARISH HERE WE COULD SEE PRICE HEAD BACK TO THE 1.3300 KEY LEVEL AND DOWN TO THE BOTTOM CHANNEL SUPPORT.
EURUSD TO RETRACE BEFORE DROP: ANALYSISEURUSD LOOKS LIKELY TO CONTINUE LOWER HOWEVER WITH THE CURRENT WEAKNESS IN
THE USD WE MAY SEE PRICES RETRACE 50% OF THE WEEKLY MOVE BEFORE SEEING FURTHER DOWNSIDE.
THE ECB ANNOUNCES INTEREST RATES THIS WEEK AND THE PRESS CONFERENCE IS LIKELY TO RE-ITERATE DRAGHI'S
COMMENTS ON MONETARY STIMULUS. EURUSD REMAINS RANGE BOUND UNTIL WE SEE A CLEAR BREAK OF THE SUPPORT AND RESISTANCE.
FTSE100 DOUBLE TOP PATTERN: ANALYSISFTSE100 HAS REJECTED THE KEY RESISTANCE AND WITH RETAIL TRADERS NET LONG WE COULD
SEE THIS MARKET MOVE LOWER. CURRENTLY PRICE LOOKS TO BE FORMING A DOUBLE TOP PATTERN
THE DAILY CHART. IF THIS PATTERN COMPLETES WE EXPECT THE NECKLINE TO ACT AS RESISTANCE
WITH TARGETS BEEING THE KEY WEEKLY TRENDLINE.
EURUSD DOWNSIDE CONTINUATION: ANALYSISIN THIS VIDEO UPDATE, WE TAKE A LOOK AT THE EURUSD AND HOW IT COULD PLAY OUT IN THE COMING WEEKS.
PRICE IS CURRENTLY FORMING A BEARISH WEDGE PATTERN WITH A HIGH PROBABILITY OF A BREAKOUT TO THE DOWNSIDE.
A BREAK WILL SEE SELLERS ENTER THE MARKET WITH THE TARGETS BEING THE 1.618 FIB EXTENSION HIGHLIGHTING A SUPPORT AREA.
DXY UPDATE: ANALYSISIN THIS VIDEO UPDATE, WE TAKE A LOOK AT THE USD AND HOW IT MAY BE SHAPING UP FOR
THE WEEK AHEAD. LAST WEEKS CANDLE FINISHED AS A STRONG BULLISH CONTINUATION CANDLE
AND WITH PRICE FORMING HIGHER HIGHS AND HIGHER LOWS THIS MOVE COULD CONTINUE
BACK INTO THE PREVIOUS WEEKLY HIGHS OF $97.50.
CADJPY BENEFITING FROM HIGHER OIL PRICES: ANALYSISLooking at CADJPY, we can see the Canadian Dollar getting stronger off the back of higher Oil prices.
CADJPY daily chart looks likely to head up to the key 73.50 resistance.
Next week we could see the 4hr chart pullback to the key highs, where price could form a bullish continuation pattern.