ANALYSIS: SILVER LONG OPPORTUNITYSilver has recently tested the key 14.90 demand zone. With our bias of USD short, we could see our precious metals rise.
The Daily chart is currently forming a bullish pin candle from the support, we could look to enter on a 50% retracement of the
daily candle stops below the lows and targets the key highs at 15.30.
Blueberrymarkets
VIDEO ANALYSIS: ANOTHER SWING OPPORTUNITY ON NZDUSDIn this video update, we take a look at NZDUSD as price looks likely to move lower in line with the US Dollar Index.
If the Dollar Index finds resistance at $97.00 we can look for long opportunities on NZDUSD. Apply this method to your
trades and you may find it helps in your decision making.
ANALYSIS: USD TO TO BREAK LOWERThe weekly chart closed bearish on the USD index and that sentiment is likely to continue with seasonality favoring shorts also.
The 4hr chart shows price working within a wedge pattern, and we expect the price to re-test the upper resistance of the pattern before
seeing further downside. We will be looking at bearish price action at $97.00 to short the USD across the major currencies, especially
GBPUSD, EURUSD and AUDUSD.
TRADE ANALYSIS: DOW JONES TO ALL TIME HIGHSRecently we have seen the dow jones break and form new daily highs. We expect this to continue
with price heading into the all-time highs resistance. The previous daily highs could offer us
a decent support area and if price re-tests the highs we can look for a long opportunity.
VIDEO ANALYSIS: AUDJPY FINALLY BREAKSIn this video update, we take a look at AUDJPY as we anticipated the breakout higher.
Finally, we can see that the price has achieved this and we are likely to get a confirmed close above the range.
Looking at the weekly chart, we can expect this market to continue to rally to the next resistance point
at 81.90.
VIDEO ANALYSIS: NZDUSD SWING TRADE UPDATEIn this video update, we take a look at the swing trading opportunity we identified in yesterdays youtube video.
We are expecting the price to continue to move higher after finding support. As it is a Friday you can look
to manage the trade in accordance with your own trading plan.
ANALYSIS: CAN WTI MAKE NEW 4HR LOWS?WTI is currently rejecting the key resistance level of $64.00. If the 4hr can break and close below
the lows we could see further downside to the commodity. If we get a clear close
below, look for the market to re-test the structure lows for continued short opportunities
to the $60.00 support.
VIDEO ANALYSIS: USDJPY TO TARGET 112.00In this video update we take a look at USDJPY as price finds support at 111.00.
With the break of the daily highs, we can assume price is heading towards the key 112.00 resistance.
A pullback into the structure highs will give us an opportunity to go long and target the key resistance.
VIDEO ANALYSIS: AUDUSD TO BREAK HIGHER?In this video update, we talk about the swing trade idea we posted yesterday and that we
could be seeing a breakout of the key trendline resistance. We need to wait for confirmation close
above the highs before looking for any continuation trade into the quarterly highs.
VIDEO ANALYSIS: GOLD TRADE PLAYS OUTIn this video, we give an update to a trade we talked about a couple of days ago. We were looking for the market
to bounce at the $1300.00 level and head towards the resistance at $1312.00. Price has broken towards our
targets however we have to be aware of the FOMC meeting minutes this evening that could change the market
sentiment. Look to reduce risk on this trade before the event.
VIDEO ANALYSIS: GBPUSD SURGES THROUGH APRILIn this video update, we take a look at GBPUSD as we typically see the price rise through April.
Currently, the price is consolidating on the daily chart however the 4hr shows potential higher highs forming
if we can see the USD weaken. A break and close above the daily highs will give us opportunities to
go long on a re-test of structure support.
VIDEO ANALYSIS: NZDUSD WHAT NEXT?In this video update, we look at the NZDUSD price as it sits back at the key demand zone.
We could see some short-term strength here if the USD weakens significantly in the coming days.
Price could head back to the middle of the range and we are looking for any signs of bullish price
action like a double bottom pattern for example. If we see any 4hr cycle changes we expect a move higher.
ANALYSIS: TRADING RISK ON/RISK OFF SENTIMENT (USDJPY & DOW)In this video, we take a look at the key correlations between risk-on and a risk-off market.
Typically when we see the stock market indexes fall, the safe haven currencies see significant strength.
Looking back we can highlight opportunities when the stock indexes fall and the JPY sees significant strength.
ANALYSIS: USDCAD BREAK OR BOUNCE?USDCAD is fastly approaching the key 1.3300 support level again as the price of oil continues to push higher.
With the USD at resistance, we could see price break below the key support. If we see this happen and the market
does close below, look for short opportunities on a lower timeframe at the resistance. With Oil close to resistance we could
also see this level hold with price action being the key here.
VIDEO ANALYSIS: WHAT NEXT FOR GOLD?In this video update, we take a look at GOLD as price consolidates at the key support level whilst the USD Index
finds resistance. A break and close above the key highs will see GOLD head towards the key resistance highs and trendline.
Look for short-term buying opportunities over the coming days if the USD can break below the lows of $97.00.
VIDEO ANALYSIS: USD CAPPED AT $97.70In this video update, we take a look at the US Dollar Index in order to look for trading opportunities for the week ahead.
The DXY is currently finding resistance at $97.70, with seasonality also highlighting a bearish month for the greenback, the price could
head back towards the $96.00 support. The 4hr timeframe suggests we could see a change in cycle if the market can break below
the key low.
VIDEO ANALYSIS: AUDNZD EXTENDS GAINSIn this video update, we take a look at AUDNZD as price continues to break highs.
In our market outlook, we expected the price to move higher after a retracement,
price ended up forming a bullish flag pattern before continuing higher on the 4hr timeframe.
Now that we have a clear change in the trend we can look for continued moves higher on pullbacks.
VIDEO ANALYSIS: NZDUSD FINISHES WEAKERNZDUSD remains weak across the board as we outlined in our market outlook this week. We expect this
to continue against the stronger currencies however we may see some buyers step back into the
market at the key demand zone here. This will be likely ad the DXY sits at the key resistance, any USD weakness
will help the NZDUSD price push higher.
ANALYSIS: GBPAUD BREAK OR BOUNCE?GBPAUD remains in consolidation at the key resistance zone. With price
heading towards the lows of the consolidation at 1.8270 and if price breaks and closes
below we could expect further downside from the market.
If the market respects the lows we should see the market head back towards the resistance
highs. With AUD strength looking more and more likely we do expect GBPAUD to break lower.
VIDEO ANALYSIS: AUDJPY TO BREAK OUT OF RANGE?In this video, we take a look at AUDJPY as the market is reacting to the risk on/ risk off sentiment in the market at the
moment. When the stock market rises, we see a sell-off in JPY and boost to the AUD. When the stock markets sell
off we see JPY buying and AUD weakness. If we see the markets run to all time highs, we expect AUDJPY
to break out of the range and move higher.
VIDEO ANALYSIS: WTI OIL TO $60.00In this video update, we take a look at WTI OIL as the market printed a bearish doji candle.
This could show us a sign that the market phase 1 is slowing down and could be forming
a phase 2 correction. We are looking for the price to break the daily lows on the hourly chart
for short trades on the re-test of the lows. Targets will be $60.00 and previous structure highs
where we expect the market to continue its uptrend.