It will be important for the USD INDEX to break last weeks low if we are to continue to look for USD weakness. The majority of the major currency pairs look to be at support suggesting USD weakness could be in play. If we don't see a close below we would need to wait for added confirmation.
In this video update, we take a look at Brent Crude Oil as the weekly suggests we could see further upside next week. If the current weekly candle closes back within last weeks range we could see the market move back towards 75.00. We were expecting the price to test the 38.2 Fibonacci retracements however this looks unlikely now with current price action.
In this video update, we take a look at the Cryptocurrency market and in particular Bitcoin. We feel that if the market stays below 7000.00 we should see another fall back towards the 4000.00 highs. If the market closes on the weekly timeframe above 7000.00 then we could look for a longer-term bull run out of the crypto market.
Friday will be a crucial day for the Dow and the stock market as Trump imposes tariffs on China. He has stated that the trade deal with China is taking too long so he needs to take action. This could bring the Dow lower as investors will likely move from a risk on sentiment to risk-off sentiment. The key demand zone at 25400 will likely be tested, but will the...
In this video update, we take a look at USDNOK as price sits at a key supply zone. The USD Index highlights the potential weakness to come in the USD and with Crude oil prices stabilising after the recent inventories we could see this market trade within the range. Technically the daily candle is showing a false breakout. The 4hr timeframe also shows price forming...
EURNZD has re-tested the key supply zone after the latest RBNZ decision. With strength and weakness indicators suggesting we could see a reversal in the current NZD weakness and EURNZD being at resistance we could see the market fall. Currently, the price is forming a bearish wedge pattern, a break lower would suggest that price could fall back to the key demand zone.
In this update, we take a look at NZDJPY as price finds support at the key demand zone. The RBNZ did cut rates yesterday but stated that they don't see any further cuts in the near term. This not so dovish outlook saw the price recover quickly from its earlier lows. Technically, we are looking for price to form a double bottom pattern before getting long.
EURCHF is currently sitting at a significant supply zone and could fall if the CHF gets stronger as the CoT report identifies. Looking for short opportunities from the zone with first targets being the key 4hr lows at 1.1350. If price breaks below this low and closes, look for longer-term shorts down to the weekly demand zone.
We have seen the stock markets fall as President Trump continues to talk tariffs on China. This has seen a move from risk on to risk off with safe havens such as JPY feeling the benefit the most. USDJPY offer support at 110.00 and if price starts to move higher we could see the indexes rally too. The Dow offers support at 25400.00 and if the price becomes bullish...
In this video update, we take a look at NZDUSD as we expect the RBNZ to cut interest rates. If the RBNZ continues to be dovish and talk of future rate cuts we could see the market test the key lows at 0.64500. In these situations, we often see a reversal as the bigger players could have priced in the rate cut. Price is testing the yearly lows currently and...
The RBA is set to announce rates in a few hours time. The Australian central bank is likely to hold rates and we could see some upside to the AUDUSD despite Trump's latest announcements on tariffs. If the daily candle closes bullish we can look for a lower risk trading opportunity from the key demand zone.
With President Trumps latest Twitter announcement, we have seen a sell-off in the stock markets leading to a risk-off sentiment in the market. Technically we can see that Gold is working within a bullish channel finding support at $1269.00. We will be looking for long opportunities on the lower timeframes for entries.
Ethereum looks to be forming a bullish consolidation pattern with the price likely to break higher. The pattern is supported by key daily lows and Fibonacci support. If we see bullish price action at the lows of the consolidation we can look for long opportunities.
In this video update, we take a look at the USD Index as we may be seeing a false breakout of the key highs at 97.70. If price closes below this level at the end of the day we could see further downside to the USD.
Looking at the strength and weakness charts we could anticipate another push lower for this currency pair. NZD remains weak and could continue lower until we see some significant buying opportunities. The non-commercial contracts showed an increase of 42% in longs suggesting we could see some strength re-appear for the Swiss Franc. Technically we can see that...
In this video update, we take a look at a swing trading opportunity on Brent Crude Oil as price breaks through a counter-trend trendline support. If price pulls back to 72.10 we can look for further shorting opportunities down to the 161.8 Fib extension.
EURUSD is back at previous lows and trendline resistance. We also have a 50% Fib level sitting at the resistance adding confluence. IF we see USD strength continue we can expect EURUSD to move back towards the 127.2 extension. Be aware that it is later in the week and we could see a weekly false breakout for USD weakness to continue. If the price doesn't close...
AUDNZD recently found support at the minor demand zone and weekly 61.8 Fib. The 4hr timeframe has changed cycle suggesting we could see further upside. Look for price to pull back to the highs for long opportunities.