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Blueberrymarkets

VIDEO ANALYSIS: AUDUSD TO 0.7200In this video update, we take a look at the AUDUSD as it found support back at the key demand zone 0.7050. Seasonally the value of the Australian Dollar increases through March and April significantly against its counterparts and with price finding support currently, we can expect prices to continue to push higher in the short-term. The 4hr chart currently looks to be forming an inverse head and shoulders pattern and if price can break the neckline to form a higher high, we could look for long opportunities back at the neckline support. Short-term targets will be back up towards the key 0.7150 trendline resistance.
Long
by BlueberryMarkets
VIDEO ANALYSIS: USD AT KEY SUPPLY ZONEIn this video update, we take a look at the DXY to see how the USD is shaping up for the week ahead. Last weeks close was significantly bullish with price closing back into the $97.50 resistance. The daily chart shows price forming a bearish inside candle at the resistance and if we see any bearish pattern form here on the lower timeframes we could see the USD fall back to re-test the $96.60 demand zone. Our idea will be invalidated if price breaks the resistance and closes above $97.70.
TVC:DXYShort
by BlueberryMarkets
VIDEO TRADE ANALYSIS: GOLD POTENTIAL MOVE TO $1304.00GOLD has been selling off of recent and looks to be running out of steam on the daily chart. The outlook right now for GOLD looks extremely bearish due to price action on the monthly, weekly and daily charts. However, if we want to get short on this market in-line with the trend, we need to see the market retrace back to a key resistance level. The previous structure lows should act as resistance, in that case, we can potentially trade back to this on a lower timeframe. This is a contrarian set up and should be traded with caution.
OANDA:XAUUSDLong
by BlueberryMarkets
VIDEO ANALYSIS: AUDUSD AHEAD OF THE GDP ANNOUNCEMENTIn this video update, we take a look at the AUDUSD ahead of the GDP announcement. The RBA yesterday held interest rates, at 1.5%, this was likely to happen as reports suggested investors will be eyeing up the GDP release for last quarter. This data could have an impact on the RBA's decision to cut interest rates. Technically we need to keep an eye on the key support zone around 0.7050 as this area will be key to giving us an insight into what may occur next. If this zone holds as support, expect further upside. If we see a break and close below, look for further downside.
by BlueberryMarkets
VIDEO ANALYSIS: USD TO IGNORE TRUMP CLAIMSIn this video update, we take a look at the USD and how it could be shaping up for the week ahead. President Trump has claimed he wants to see a weaker USD so that he can form trade deals with countries, however, the market could ignore this as price action is suggesting a move back into $97.50. The monthly chart closed bullish which could suggest further upside to come for the greenback, with the weekly and daily timeframes suggesting the same. The 4hr chart will give us the early clues if we are to see upside.
TVC:DXYLong
by BlueberryMarkets
ANALYSIS: AUDUSD REMAINS RANGE BOUND AUDUSD remains range bound this week as the currency pair gets pulled back and forth between good Chinese date and poor USD data to poor Chinese data. The market needs some form of a catalyst to attract investors attention and with the Chinese economic slowdown hovering like a dark cloud over the AUDUSD it could be difficult to see signs of significant change here. The big mover will be the AUD data if we can see any upside to employment or housing prices the decision to cut rates will fade leading to the rise in prices.
by BlueberryMarkets