ANALYSIS: USDNOK WEEKLY CHART SUGGESTS A REVERSALLooking at the USDNOK weekly chart we can see that price rejected the
key weekly highs. Despite the fall in Oil, the Norwegian Krona performed well,
this could be a sign of strength to come.
We will be watching the 4hr timeframe for shorting opportunities in line
with the weekly timeframe.
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ANALYSIS: KIWI BENEFITING THE MOST FROM USD WEAKNESS.Kiwi has started to move higher across the board as it benefits the most from this current USD weakness.
NZDUSD has been on our list for buying opportunities for a while and we could see our plans
come to fruition. We are looking for price to close bullish in order to look for long opportunities.
ANALYSIS: EURGBP AT KEY RESISTANCEEURGBP has recently had 13 bullish days in a row with the downfall in GBP.
However, the price has now stalled at the key highs here and with GBPUSD being
over-extended we could see a sharp pullback. Currently, the daily candle is bearish
and if we see a bearish close we can look for short-term trading back to the support.
VIDEO ANALYSIS: EURUSD BOUNCES...In this video update, we take a look at EURUSD as price reacts from the key lows yet again.
This is due to a sell-off in the USD as the USD index reacts from the weekly highs. This
current price action suggests we could be forming a double bottom pattern.
If the daily candle does close bullish look for short-term long positions into the trendline resistance.
ANALYSIS: USDCAD REMAINS RANGE BOUNDEarlier today we expected to see CAD retail sales come in better. This happened
and USDCAD broke out of the trading range for the first time in 22 days however that
was short lived as the crude oil inventories disappointed. We were looking for the break
if the oil inventories were good as this would add weight to the Cad long. However,
the price is now back within the range and we could see prices back at the range highs.
VIDEO ANALYSIS: SILVER BACK TO $14.16In this video update, we take a look at Silver as price consolidates after a significant drop.
The commodity didn't hold at the key support zone of 14.90 and has continued to push lower.
The next demand zone sits at 14.16 and could be where Silver moves too. Looking to the
4hr timeframe we have a couple of opportunities if price can retrace back to the lows
or break out of the current consolidation.
VIDEO ANALYSIS: BRENT CRUDE OIL LONG TRADEIn this video update, we take a look at a swing trading opportunity on Brent Crude Oil.
The Weekly chart suggests we should be looking to buy the commodity with resistance
back up at the weekly highs of 76.00. The 4hr timeframe has re-tested highs and if price
forms a bullish breakout of the CTL we can look for long trades.
VIDEO ANALYSIS: LOOK TO SELL JPYIn this video update, we take a look at JPY and our current position on USDJPY.
The weekly chart formed a bullish pin candle after failing to close below the weekly lows.
This suggests that we can see JPY weakness. Looking across the other JPY pairs
CADJPY and NZDJPY are the currency pairs we want to look for opportunities.
ANALYSIS: NZDUSD LONG FROM 0.6450The kiwi has been significantly weak however strength and weakness indicators are suggesting
a potential reversal. Seasonality through the middle of May shows a bottom for the kiwi.
If we see the price drop into the key demand zone around 0.6450 we will be looking for long opportunities.
VIDEO ANALYSIS: USDCHF SHORT UPDATEIn this video update, we take a look at USDCHF as we are anticipating the market to fall further.
The CoT signal remains and we could see further buying of Swiss Francs. USDCHF has retraced to the
61.8 Fib and rejected. This could offer us a short opportunity to the key demand zone.
VIDEO ANALYSIS: USD BREAKS...HIGHERIn this video update, we take a look at the USD Index again as it shows prices
breaking higher. We expected a break of $97.00 however this hasn't happened
as we highlighted in the previous video that the USD was being used as a safe haven.
If the price remains above the key zone we expect the USD to at least test the current weekly highs.
ANALYSIS: GBPCAD TO 1.7000GBPCAD is moving lower off the back of GBP weakness and the Canadian Dollar strength.
If Oil prices continue to rise we can expect the Canadian Dollar to benefit the most.
With this market breaking through the key weekly demand zone we can expect further
downside to come after a re-test of the lows.
ANALYSIS: CADJPY TRADE UPDATE Very similar to the USDJPY analysis, the price has recently found support and could be changing cycle
on the 4hr timeframe. If we see a higher high higher close we have an opportunity to look for long positions.
The reason we are looking at CADJPY is due to the strength in the Canadian Dollar with Oil prices rising.
Correlating this together we could see significant upside in this pair.
VIDEO ANALYSIS: USDJPY TO BREAK HIGHER?In this video update, we take a look at USDJPY as price looks to be finding support at the key demand zone.
The US Stock markets also finding support shows a potential shift to a risk on market. This should see the
sell-off in JPY and a change in cycle on the 4hr timeframe. A close above 110.00 will be ideal for long
opportunities to 111.00.
ANALYSIS: WTI TRADING OPPORTUNITIESWe are currently looking for long opportunities on Crude Oil and price is currently heading back to the minor
resistance level of 62.50. A breakout of this resistance will be ideal for looking for long opportunities in line
with the weekly timeframe. However, because the 4hr timeframe is range bound we could see a rejection of
the minor resistance and price find support back the key lows. This will offer us a better reward to risk
profile.
VIDEO ANALYSIS: USD BREAK OUT PENDINGIn this video update, we take a look at the USD INDEX in order to understand the current situation.
We feel that the USD is holding up at the moment due to the risk-off sentiment in the market.
Technically the price remains in a consolidation pattern and if we see price take out $97.00
we could expect a larger sell-off.
ANALYSIS: USDCHF SHORT OPPORTUNITYUSDCHF has broken out from the key bearish wedge pattern and looks to be retracing.
If we see the price push back higher we could look for further short opportunities down
to the key support of 1.0000. The 61.8 and 50.0 Fib retracement offers a good area of
resistance to go short from.