Get started

Blueberrymarkets

GBPUSD...BREXIT WEIGHS HEAVYIn today's video we discuss the current situation with GBPUSD and how BREXIT talks have been affecting the market. We see further downside here as resignations from Prime Minister Mays Cabinet start to appear. The resignations show a lack of support for the current agreements and could force Prime Minister May to fight for her position. Technically the large bearish engulfing on the 4hr could be ideal to look for lower timeframe short trades down to the key support of 1.2700. If you are to trade this market do so at a reduced risk due to the swings in the GBP and the uncertainty surrounding it.
Short
by BlueberryMarkets
WTI CRUDE OIL TO RE-TEST RESISTANCEWTI and BRENT has been a great source of trades for us this past month and downside looks likely to continue however we would like to see the market retrace after breaking through the key support level around 64.80. Seasonally Crude Oil through the end of November to the middle of December sees significant downside which lines up with the technical analysis currently shown on the chart. The 4hr trend is down and could just continue to fall, a bearish set up at the lows may offer us a good return on investment. Ideally we want to see the re-test of the double top neckline from the Daily chart is it offers a greater return.
TVC:USOILShort
by BlueberryMarkets
GBPNZD CONTINUATION TRADEWe had a fantastic trade on this market last week trading from the previous structure lows. Now that the market has broken through key support we are looking for this market to continue lower targeting the next support zone around the 1.9200 area. Applying our fibs we can see that the previous 4hr lows are sitting up at a 50.0% Fib retracement and would be a likely area for the market to continue lower from. Be aware that there is a BoE rate announcement tomorrow and should be taken into account when trading the GBP pairs this week.
Short
by BlueberryMarkets
SILVER TO PUSH LOWER...XAGUSD (SILVER) has been consolidating for a few weeks now without any clear indication that buyers have stepped back in. Technically we can see a bearish breakout of the previous weeks low and would look for this to continue on a break and close below the supporting trendline. Looking at the 4hr chart if the market can break lower and start to produce lower lows and lower highs we can look at trading the market short in line with the 4hr trend. The 13.80-13.60 zone pointed out in the video offers a great support that we expect buyers to step back in.
OANDA:XAGUSDShort
by BlueberryMarkets
WHAT WILL HAPPEN TO THE USD THIS WEEK?Looking to the week ahead and what to expect of the the USD. We have Non-Farm Payroll coming up this week which is forecast to be higher than last months, backed by President Trumps tweet suggesting the jobs number will be good. Seasonally the USD is strong and looks likely to continue however we are sitting at a key resistance level with 127.2 Fibonacci extension confluence. This could show the market is currently over extended and we could see a retracement at this level. If the market breaks and closes above the highs of $97.00 we can continue to look for long opportunities.
TVC:DXY
by BlueberryMarkets