ANALYSIS: GBPUSD BACK TO DAILY HIGHSGBPUSD weekly chart finished as a bearish inside candle and key resistance so we could see this market fall lower.
The 4hr chart is starting to form lower lows and we are expecting price to fall back into the daily highs around 1.3000
before seeing any significant buyers come back into the market. If price closes below 1.3000 we could see prices continue to move lower.
Blueberrymarkets
ANALYSIS: USDJPY TO 111.00Currently, price is struggling to break above 110.00 however the weekly chart is retracing
back with the potential to re-test the weekly 20MA. A break and close above the key 110.00
resistance would see prices head towards the 111.00 resistance. Look for long opportunities only if price can close above 110.00.
ANALYSIS: NZDUSD TO RE-TEST HIGHSNZDUSD continues to make higher highs and price has recently closed above a trendline resistance.
Price is likely to continue to move higher and if price tests the structure highs at 0.6825 with 50%
fibonacci confluence and prints bullish price action we can look for long trades into the 0.7000 resistance.
ANALYSIS: USDCAD PUSHES LOWER AFTER JOBS DATAUSDCAD has benefitted from the USD weakness as of late and is now making a push
for the key support of 1.3000. Price recently broke out of a bearish flag pattern on the daily chart and has continued to move lower.
The jobs number came in way over expectations at 304k but the unemployment rose and the wage growth declined and the sudden boost in USD has quickly fallen.
VIDEO ANALYSIS: NZD REMAINS STRONGIn this video update, we take a look at NZDUSD and how the kiwi has outperformed again this week
after seeing a breakout of a weekly resistance trendline. We expect this market to continue higher and
looking for a pullback to continue to get long into the resistance 0.7000.
VIDEO TRADE ANALYSIS: DAX (GER30) TO FALL In this video update, we take a look at the Dax (Ger30) index as price has stalled at a key weekly resistance level.
With growing concerns over the economic slowdown in the Eurozone, the indexes could suffer.
Dax 4hr chart shows price changing cycle which could lead to further downside.
VIDEO ANALYSIS: WHY EURAUD SHOULD BE ON YOUR WATCHLISTEURAUD is seeing further selling pressure as the eurozone economic growth is slowing combined with advanced
trade talks between China and US supporting AUD strength. Price is currently breaking through a key support
zone, if price can hold below this level we can look for further downside.
VIDEO ANALYSIS: USD TO $95.00 In this video update, we take a look at the DXY and how the USD is shaping up after the latest FOMC release yesterday.
Fed Chairman Powell took a dovish stance in the press conference suggesting rate hikes are on pause for now and that they
are continuing to focus on the data. With the large move yesterday we should expect a retracement of some kind before
any downside continuation.
TRADE UPDATE: AUDUSD HEADING FOR WEEKLY TRENDLINEIn this video update, we take a deeper look into why we placed a trade on AUDUSD and how it is currently moving.
We took this trade on a trend following system after the 4hr chart formed higher highs. Looking for this trade
to continue to push into the weekly trendline.
Follow for more updates.
ANALYSIS: GOLD BACK INTO $1310 ZONEGOLD HAS BENEFITTING NICELY OFF THE BACK OF THE DECLINING USD.
HOWEVER, PRICE IS BACK INTO THE MARCH 2018 LOWS WHERE PRICE HAS FOUND RESISTANCE BEFORE.
SEASONALITY SHOWS THAT GOLD PRICES TYPICALLY RISE UNTIL THE END OF FEBRUARY, IF PRICE
CAN HOLD ABOVE $1320 THE UPTREND SHOULD CONTINUE INTO THE $1350 RESISTANCE.
ANALYSIS: USDCAD TO FALLUSDCAD HAS RECENTLY BROKEN OUT OF A BEARISH FLAG PATTERN AND LOOKS TO CONTINUE ITS MOVE LOWER.
1.3300 REMAINS A KEY RESISTANCE ZONE WITH A DAILY 38.2 FIBONACCI RETRACEMENT CONFLUENCE.
IF PRICE CAN PUSH BACK INTO THAT LEVEL AND FORM BEARISH PRICE ACTION WE SHOULD SEE USDCAD HEAD
LOWER TOWARDS THE NEXT MAJOR SUPPORT.
ANALYSIS: EURGBP TO BREAK 0.8620 LOWS AFTER BREXIT VOTE?EURGBP HAS BEEN SELLING OFF DUE TO THE SIGNIFICANT STRENGTH IN THE GBP OF LATE.
TODAYS SEES THE VOTE ON A NEW BREXIT DEAL AND IF ANY POSITIVE NEWS COMES OUT
OF THIS CURRENT DEAL WE SHOULD SEE GBP STRENGTH CONTINUE WITH A BREAK OF
THE 0.8620 LOWS.
IF PRICE DOES BREAK LOWER LOOK FOR THIS MARKET TO CONTINUE LOWER, ESPECIALLY IF
GBPUSD BREAK THE 1.3300 HIGHS.
ANY NEGATIVE NEWS HERE WILL PUSH PRICES BACK INTO THE LONG TERM RANGE ON EURGBP.
AUDCAD DOWNSIDE POTENTIAL: VIDEO ANALYSISIN THIS VIDEO, WE TAKE A LOOK AT AUDCAD AND THE POTENTIAL FOR FURTHER DOWNSIDE.
PRICE IS TRENDING LOWER ON THE WEEKLY, DAILY AND NOW THE 4HR CHART.
COMBING THE TIMEFRAMES WE HIGHLIGHT AN AREA OF RESISTANCE WHERE PRICE COULD
MOVE LOWER FROM MOVING INTO NEXT WEEKS TRADING.
AUDJPY POTENTIAL DOWNSIDE CONTINUATION: VIDEO ANALYSISIN THIS VIDEO, WE TAKE A LOOK AT AUDJPY. WHY WE TOOK A SHORT,
HOW WE ARE MANAGING THE SHORT AND WHAT COULD HAPPEN NEXT.
PRICE CAME INTO THE KEY RESISTANCE AND FORMED A BEARISH DOJI CANDLE, HIGHLIGHTING
POTENTIAL DOWNSIDE. 4HR CHART HAS FORMED A HEAD AND SHOULDERS PATTERN SHOWING
A CHANGE IN CYCLE.
AUDJPY 4HR HEAD AND SHOULDERS PATTERN: ANALYSISAUDJPY HAS RECENTLY ENTERED A KEY RESISTANCE LEVEL AND PRICE LOOKED TO HAVE REJECTED ON THE DAILY
CHART LEADING US TO SELL THIS MARKET. LOOKING AT THE 4HR SHART WE CAN SEE A POTENTIAL 4HR
HEAD AND SHOULDERS PATTERN FORMING. IF PRICE CAN PUSH THROUGH THE NECKLINE LOWS
AND CLOSE BELOW, WE CAN LOOK FOR FURTHER SHORT OPPORTUNITIES ON THIS PAIR.