VIDEO ANALYSIS: WTI TO $60.00In this video update, we take a look at WTI Crude Oil as price formed a weekly bearish engulfing candle off
the key $66.00. Looking to the 4hr timeframe we can see a resistance level at 64.60 where price
could continue to move from. Look for bearish signals at this level of interest.
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NZDUSD SHORT FROM 0.6700NZDUSD continues to pullback towards the key daily lows at 0.6700.
Looking at fibs we can see the weekly 61.8 fib overlays with the key resistance.
This adds weight to our resistance level and we will look for a short opportunity from this level.
We are currently long into these lows and stops have been moved to breakeven to see if we
can run up to targets before following the trend.
ANALYSIS: GBPUSD TO TEST 1.2800This week we have a Bank of England interest rate decision and with the BoE on target with inflation, we could
see a hawkish tone. With this and the expected USD retracement we could see a pullback into the key resistance of
1.3000 before seeing downside into the February lows.
VIDEO ANALYSIS: WHAT NEXT FOR THE USD AHEAD OF FOMCIn this video update, we take a look at the USD and how it could perform.
With FOMC coming up we can expect the Federal Reserve to be dovish in their tone
as recent data shows a fall in inflation. This will be something that the Fed will
address in their statement, any talk of cutting rates could see the USD drop
significantly however if they keep to a moderate dovish tone we expect to see USD strength continue
to the resistance zone and 161.8 fib extension.
VIDEO ANALYSIS: NZDUSD TRADE UPDATEIn this video update, we take a look at NZDUSD as we posted a trading opportunity from the daily chart.
We took this trade due to the market finding support at the yearly low. Typically the yearly highs and lows can offer support
and resistance areas for the market react from. The NZD is benefitting off the current USD weakness and if the DXY
pushes back towards 97.70 we could see further short-term upside to this pair.
VIDEO ANALYSIS: EURUSD WHAT NEXT?In this video update, we take a look at EURUSD as price looks to be confirming lower prices.
The daily chart has finally formed a lower low, and we expect this to continue however we
need to see the price retrace first.
Looking at the Fibonacci tool we can see the 127.2 and the 1.618 extensions offer good support
points where price could reverse.
GOLD HIGHER ON FALSE BREAKOUTIn this market update, we take a look at GOLD as price formed a false breakout of the daily lows.
This shows that we could see a short-term reversal in price. With USD at resistance also we
could see a push higher here. If we do see a rise in the price we expect to see a 50% retracement
of the daily impulse move as targets.
VIDEO ANALYSIS: USD TO BREAK OUT HIGHER?In this video update, we take a look at the USD Dollar Index as the price is back at the key 97.70 highs.
The Fed is currently hawkish on the recent data with the potential of a hike in 2019 still on the table.
This has helped the USD push back into the key resistance and if the price breaks the 97.70 highs we
can look for further USD long opportunities across the board. Alternatively, if this level holds we can
look for USD shorts, however, this could be unlikely as other central banks are likely to cut rates
to meet inflationary targets.
ANALYSIS: EURAUD LONG TO 1.5900EURAUD continues to fail to break below the key quarterly lows suggesting we could see a bounce back
towards the key lows at 1.5900. Typically, when we see this 'tennis ball' effect, where the market tests
the market lows multiple times in a short time, we see a rejection. We could look to long this market
with stops below the key daily lows.
VIDEO ANALYSIS: GBPJPY LONG TO 146.30In this video update, we take a look at GBPJPY as GBPUSD finds support at the key 1.3000 level. If GBPUSD holds
here we could see GBPJPY push higher also with a risk on sentiment in the markets. The Dow Jones and S&P500 are
yet to test the all-time highs and will likely do so over the next week or so. This risk on sentiment will see a sell off
in safe havens such as JPY and will help GBPJPY move higher.
ANALYSIS: GBPUSD AT 1.3000...AGAINGBPUSD is back to 1.3000 again so we need to ask ourselves the question, break or bounce?
If price holds here we could see price move higher, if price breaks and closes below 1.3000 then we can expect
further downside from the GBP. Wait for the market to confirm a direction before trading this zone.
VIDEO ANALYSIS: USDCHF AT YEARLY HIGHSIn this video update, we take a look at the end of day trade we placed on our telegram channel.
USDCHF has been moving towards the yearly highs for some time now as the Swiss Franc weakens.
Typically, when a market tests a yearly high, we do see a reaction from the level, which we are anticipating
to be lower on this pair. If we do see a daily bearish close here, it will cement our bias and we can look
for further opportunities to short the market.
ANALYSIS: SHORT USDCHF FROM 1.0125Yesterday we discussed the weakness of the Swiss Franc and USDCHF continues to push higher. The highs at
1.0125 offers a good area to look for short opportunities as the price will be at an extreme level. ATR suggests
using a stop of 42 pips and if price falls back to the key demand area, we could 5x our risk with this trade.
ANALYSIS: NASDAQ BREAKS ALL-TIME HIGHSAs we can see the Nasdaq broke through the all-time highs at 7702.50 this session.
But will price break highs or bounce?
Looking at the price currently, we are seeing a rejection of the all-time highs.
If the daily candle closes bearish, we could see downside to the previous highs at 7509.20.
A break and close above the all-time highs could see significant upside.
VIDEO ANALYSIS: COULD GOLD BOUNCE?In this video update, we take a look at gold as we may have seen a false breakout at a key demand zone.
The 4hr chart is highlighting a potential double bottom pattern and if price closes back within the previous
candlestick range we could look for Gold to push higher towards $1300 again. This is an aggressive outlook
as Gold is bearish currently and the sentiment is down, but a reversal trade could form here.
VIDEO ANALYSIS: EURCHF TO REJECT HIGHSIn this video update, we take a look at EURCHF as price re-test the key structure highs.
The Swiss franc has been weak recently and could be looking to gain strength short-term.
On the 1hr timeframe, we can look for opportunities short if price can fail to break the current highs.
This gives us a good risk to reward trading opportunity if we see the false break out.
ANALYSIS: EURUSD TO 127.2 EXTENSIONEURUSD is currently capped by the key 1.1300 support as well as the 61.8 Fibonacci retracement.
With the USD Index struggling to get above $97.00 and could break lower, leading to upside in this market.
Look for long opportunities with targets up at the 127.2 Fib extension.