Ethereum is currently testing the 260.00 resistance and looks to be forming a bullish breakout pattern. If price fails to form lower lows here a bullish breakout will become more and more likely. What do you think the next move will be in Ethereum prices?
GBPUSD is currently holding at the 1.2700 level and as we are analysing this chart Prime Minister May has announced that she will offer a vote to MPs on a decision of a second referendum. This is big for the GBP and we should see this market rally to 1.2900.
In 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.
WTI remains above the key range highs and with the 4hr chart forming a bullish engulfing candle we could look for a long opportunity. Targets for oil will be back at $66.00 but this has the potential to move much higher.
The 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.
In 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.
In 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.
GBPCAD 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.
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...
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.
We 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...
In 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.
USDCHF is on our watchlist for short opportunities and with the price consolidating at the key resistance we could see a break lower. The 4hr channel suggests we could see a breakout lower. A close below the trendline support will give us opportunities to sell.
USDCHF 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.
Buying the Swiss Franc has been our priority over the past couple of weeks as we saw long contracts from the non-commercials increase significantly from the commitment of trader reports. CADCHF has recently broken through the key lows and is currently pulling back to the minor resistance zone. We can see multiple confluences at this point with dynamic resistance...
In this video update, we discuss a potential swing trading opportunity on the Daily timeframe. We spoke about this market last week as price tested the key resistance. We are looking for a bearish rejection candle from the resistance in order to get short here. Looking at the lower timeframes we can expect the price to break the wedge pattern. If we see a clear...
EURCHF has smashed through our initial targets and has continued lower. Now the price has confirmed a lower low, we can look for continued short opportunities down to the key demand zone. CHF strength looks likely to continue with the risk-off sentiment in the market.
In this video update, we take a look at the price of gold as we expect to see highs of $1350.00 very soon. Trade tensions continue to rise between the US and China to the point of China retaliating adding extra tariffs to US goods. Technically Gold is breaking out of the key consolidation pattern and should continue to rise up into the key resistance.