NZDUSD is currently finding resistance at the key resistance level where the price tested recently. The failure to break and close above the previous swing highs suggests the buying momentum is falling short and we should expect a move back into the support lows.
In this video update, we take a look at Gold as the price is approaching the key $1520.00 highs. Recently the stock markets have found resistance seeing investors move back from a risk-on sentiment to a risk-off sentiment with the safe havens gaining value. If Gold can break and close above the $1520.00 level we could look for long opportunities into the weekly...
In this video update, we talk about the USD and what we expect to see ahead of the FOMC rate statement this evening. The Fed is likely to cut rates by 0.25% and if they continue to discuss further easing we could see the USD weakness continue.
EURUSD has re-tested the key support level and is potentially forming a double bottom pattern on the 4hr timeframe. We could look to enter above the candle high with stops below the key level. Targets would be the current swing highs.
In this video update, we take a look at our chart to watch this week in AUDJPY. Fundamentals: Trade talks between the US and China have been positive suggesting a move to a risk on market with safe havens selling. The BOJ is talking of moving rates further into the negative in a bid to devalue the JPY. Technicals: The monthly timeframe is bullish bouncing from...
In this video update, we take a look at NZDUSD as we expect to see further upside to the currency pair in the bigger picture. However, the price has come up to a key resistance level where we could see price retrace from. Recently price has broken out of an inverse head and shoulders pattern and we should expect the price to retrace back to the neckline for a long...
In this video update, we take a look at USDCHF and the potential for the market to continue lower if the price can retrace to the resistance zone. We will then watch for bearish price action for a short opportunity. We also take a look at how we use the Fibonacci retracement tool in our trading for added confluence.
In this video update, we take a look at EURJPY as price approaches a key resistance level. We could see selling resume at this key level back into the recent break out highs at 119.80. The 4hr timeframe is currently forming bearish divergence giving us a potential short opportunity.
In this video update, we take a look at GBPJPY as the price is approaching the key resistance level. Recently Prime Minister Boris Johnson announced on Twitter that the UK and EU have come to some form of an agreement in which the deal is fair for the UK and the EU. However, Boris Johnson has now got to take this deal into Parliament where ministers will vote to...
In this video update, we take a look at the NZDUSD as price approaches a key support area. The CoT signal remains the same for the kiwi and we can continue to look for long opportunities in line with that bias. Technically price is finding support at the left shoulder of the inverse head and shoulders pattern. If we see a bullish close we can look for a long...
USDJPY on the weekly timeframe could be about to break out of the inverse head and shoulders that are forming due to the risk-on sentiment we are seeing. When we spoke of this pair previously we expected the market to find support at the key 106.00 zones with targets of 109.00. If the market breaks the neckline resistance expect to see 109.00 tested and if the...
In this video update, we take a look at the price of silver as we could see the uptrend continue. The USD is weakening which will only support higher prices and with the weekly chart showing a rejection' of the key demand zone, we could see this market break towards the $20.00 resistance.
In this video update, we take a look at NZDCAD as the price could be prepared to move over 1000 pips back into the range highs. The strength and weakness table suggest that the New Zealand Dollar is gaining strength and the Canadian Dollar is weakening. Technically the monthly timeframe shows price back at the key lows where we could see price move higher from.
In this video update, we take a look at the stock markets and in particular the Dax. Price is approaching the inverse head and shoulders neckline once again where price could find support. Look for bullish price action here for a long opportunity into the daily lows.
EURUSD has come to our attention because of the USD Index rejecting the highs. As we know the USD Index is weighted heavily to the Euro and if the price moves lower here we should see EURUSD prices move higher. The 4hr timeframe is highlighting an inverse head and shoulders pattern forming and if we were to see the pattern complete with a neckline break and...
In this video update, we take look at AUDUSD as we expect to see further downside from this market as the RBA remains dovish on the Australian economy. With price approaching the lows we could expect to see a pullback where we will look for further short opportunities.
In this video update, we take a look at the Swiss Franc and the potential for this currency to continue to weaken. The commitment of trader reports highlighted a significant increase to short contracts on the swiss franc adding weight to the current sell-off we are seeing. We will look to sell the weaker currency against stronger counterparts such as the USD.
Yesterday we spoke of USDJPY rejecting the demand zone and if price closed bullish we could look for intraday opportunities. In this video, we take a look at the 1hr timeframe and point out a couple of opportunities we could take advantage of. Look for targets at the swing highs and the key levels.