In this video update, we talk about the swing trade idea we posted yesterday and that we could be seeing a breakout of the key trendline resistance. We need to wait for confirmation close above the highs before looking for any continuation trade into the quarterly highs.
In this video, we give an update to a trade we talked about a couple of days ago. We were looking for the market to bounce at the $1300.00 level and head towards the resistance at $1312.00. Price has broken towards our targets however we have to be aware of the FOMC meeting minutes this evening that could change the market sentiment. Look to reduce risk on this...
In this video update, we take a look at GBPUSD as we typically see the price rise through April. Currently, the price is consolidating on the daily chart however the 4hr shows potential higher highs forming if we can see the USD weaken. A break and close above the daily highs will give us opportunities to go long on a re-test of structure support.
In this video update, we look at the NZDUSD price as it sits back at the key demand zone. We could see some short-term strength here if the USD weakens significantly in the coming days. Price could head back to the middle of the range and we are looking for any signs of bullish price action like a double bottom pattern for example. If we see any 4hr cycle changes...
In this video, we take a look at the key correlations between risk-on and a risk-off market. Typically when we see the stock market indexes fall, the safe haven currencies see significant strength. Looking back we can highlight opportunities when the stock indexes fall and the JPY sees significant strength.
In this video, we take a look at the AUDUSD as price approaches the key resistance of 0.7170. The 4hr chart has formed higher highs, with previous structure offering support for further upside into the key resistance.
USDCAD is fastly approaching the key 1.3300 support level again as the price of oil continues to push higher. With the USD at resistance, we could see price break below the key support. If we see this happen and the market does close below, look for short opportunities on a lower timeframe at the resistance. With Oil close to resistance we could also see this...
In this video update, we take a look at GOLD as price consolidates at the key support level whilst the USD Index finds resistance. A break and close above the key highs will see GOLD head towards the key resistance highs and trendline. Look for short-term buying opportunities over the coming days if the USD can break below the lows of $97.00.
In this video update, we take a look at the US Dollar Index in order to look for trading opportunities for the week ahead. The DXY is currently finding resistance at $97.70, with seasonality also highlighting a bearish month for the greenback, the price could head back towards the $96.00 support. The 4hr timeframe suggests we could see a change in cycle if the...
In this video update, we take a look at AUDNZD as price continues to break highs. In our market outlook, we expected the price to move higher after a retracement, price ended up forming a bullish flag pattern before continuing higher on the 4hr timeframe. Now that we have a clear change in the trend we can look for continued moves higher on pullbacks.
NZDUSD remains weak across the board as we outlined in our market outlook this week. We expect this to continue against the stronger currencies however we may see some buyers step back into the market at the key demand zone here. This will be likely ad the DXY sits at the key resistance, any USD weakness will help the NZDUSD price push higher.
GBPAUD remains in consolidation at the key resistance zone. With price heading towards the lows of the consolidation at 1.8270 and if price breaks and closes below we could expect further downside from the market. If the market respects the lows we should see the market head back towards the resistance highs. With AUD strength looking more and more likely we do...
In this video, we take a look at AUDJPY as the market is reacting to the risk on/ risk off sentiment in the market at the moment. When the stock market rises, we see a sell-off in JPY and boost to the AUD. When the stock markets sell off we see JPY buying and AUD weakness. If we see the markets run to all time highs, we expect AUDJPY to break out of the range and...
In this video update, we take a look at WTI OIL as the market printed a bearish doji candle. This could show us a sign that the market phase 1 is slowing down and could be forming a phase 2 correction. We are looking for the price to break the daily lows on the hourly chart for short trades on the re-test of the lows. Targets will be $60.00 and previous structure...
In this video update, we take a look at the AUDUSD as price may look to move higher in line with our quarterly outlook. The daily chart continues to consolidate and to confirm higher prices we will need to see the AUDUSD break and close above the previous highs at 0.7160. This will show us that AUDUSD is changing cycle and to look for further upside.
In this video update, we take a look at the longer-term outlook for EURAUD and what could happen for the coming quarter. The quarterly close suggests we could see further downside occur into the key support zones around 1.5250. Looking at the daily timeframe we can see that price has broken out of consolidation, with price re-testing the structure. With price...
In this video update, we take a look at USDCHF as price rejects the key resistance level. The DXY is also at resistance offering us a potential opportunity for a short trade on USDCHF from the current 1hr lows back down into the minor demand zone.
USDJPY could see another leg higher as the JPY continues to weaken. Price on the daily chart suggests further upside with price forming a bullish flag pattern on the 1hr chart currently. A break higher could lead to price heading towards the 111.80 resistance.