In this video, we take a look at gold from a technical point of view as the price is finding resistance at the $1440 level. This level derives from the August 2013 highs. If we see higher timeframe bearish price action here we can expect a retracement back into the key demand of $1360 or at least $1330. This would need the USD to gain significantly which we don't...
We will be watching NZDCHF for a potential long opportunity. Price has recently tested a key level and could be forming an inverse head and shoulders pattern. If price retraces back to the key highs and the 61.8 Fib and forms bullish price action we could expect prices to continue higher.
GBPUSD technically could form an inverse head and shoulders pattern if the daily timeframe forms a bullish candle here. Typically if an inverse head and shoulders pattern forms the left shoulder acts as a key support area. GBP will likely remain under pressure and any long trades will need to be taken with lower risk in mind.
CADJPY has recently formed a new higher high and with strength and weakness indicators suggesting that the Canadian dollar is strong and the Yen is weak, we can look for the trend to continue. In this video, we highlight 2 possible swing trading ideas.
In this video update, we take a look at a potential swing trading opportunity on the 4hr timeframe. The daily chart is forming higher highs and higher lows and we could expect the price to test the previous swing highs and key resistance. Now price is back to our demand zone we are looking for a HH, HC candle for a long entry.
USDJPY daily chart shows that price has recently re-tested the daily lows. The daily timeframe could suggest the downtrend could continue into the lows. The 4hr timeframe has formed a bearish candle at the daily lows. We have gone short with price expected to test the key lows.
EURUSD is back into the key highs, the Fibonacci retracement tool shows that price is currently testing the 61.8 fib. If the 4hr timeframe finds support here and produces bullish price action we can look for a long opportunity back into the highs with extended targets of the 127.2 fib extension.
The USD Index has formed new lows and we expected the price to pullback into them before seeing another move. Looking at the market technically the Fibonacci retracement tool has highlighted a key zone between the lows and 50% fib as resistance. If we see bearish price action here we could look for short opportunities into the next demand zone.
In this video, we break down the EURAUD chart as sentiment changes to a bearish outlook for the currency pair. Now the price has formed a daily lower low, we can expect the price to continue lower. If price pulls back to the structure lows we can look for a continuation move.
NZDUSD has finally tested the 0.6700 resistance level. Price could start to find some sellers here as traders in from the 0.6500 level will likely be taking profits at this area. If the price does reject here we expect to see a shallow retracement before seeing further upside. We will be looking for a daily higher low in order to look for long opportunities.
In this video, we break down the Silver market with a top-down analysis approach. The monthly timeframe is suggesting we continue looking for longs into the previous structure highs. The daily timeframe highlights a bullish trend and we can look for long opportunities if the price can re-test the previous structure highs.
EURNZD weekly chart is rejecting the key resistance and price has formed a lower low on the daily timeframe. If price retraces back to the daily lows we will look for short opportunities into the support level.
GBPAUD has recently re-tested the key monthly lows and rejected. We could see this market continue down to the monthly trendline support if the Australian dollar continues to strengthen. The GBP will likely remain weak as the conservative party continues to find a new leader.
AUDJPY is currently sitting at a major support level and with the monthly candle shaping up to be a bullish doji candle we could look for long opportunities from current levels. The 4hr timeframe has changed cycle and if price re-tests the 4hr highs we could look for a long position.
Price has been down trending on USDCHF nicely and we expect this to continue however the price is currently finding support at the key lows. If we see a daily bullish close here we can expect the price to pull back into the lows before seeing the trend continue.
BITCOIN is fastly approaching the 11,600 barriers where price found resistance before in the past. This could offer a potential short-term shorting opportunity on the CFD equivalent. If the price rejects this key level on the daily timeframe we can the look for short opportunities on our lower timeframe back into the key highs. If price breaks and close above the...
We are currently short WTI OIL with price recently testing the key daily resistance lows. Price formed a bearish pin candle off the resistance level, we have gone short with 2 trades. 1st target is 1:1 reward to risk, 2nd target is the key daily highs. Stops will be moved once the 1st target is hit.
We are keeping our eye on GBPCAD as the price is at a major demand zone. GBP was one of the strongest currencies last week and CAD the weakest despite being one of the best performers against the USD. That being said price formed a bullish engulfing candle off the major demand zone where we could see the price rise into the key structure of 1.6994 before moving higher.