In this video update, we take a look at USDCAD and how the market could continue to push higher towards the key resistance.
The weekly chart formed a strong bullish close off the key 1.3300 demand zone and with the Bank of Canada stalling their outlooks on growth
we could see the Canadian Dollar weakness continue. The 4hr chart is forming higher highs and higher...
In this video update, we take a look at the USD as the greenback could be set to rise up towards the $97.50 highs.
The reason being the 3 months and 1-year yields have inverted. When this has happened in the past a market crash has followed.
In situations like this, we typically see the market run to safe haven currencies such as the JPY and USD.
In this video analysis, we strip back the commodity and break down the market from top to bottom and discuss
why the commodity could still see lower prices potentially to the $1250.00 demand zone. Price has recently
re-tested a key structure point and looks likely to see further downside if we can see rice form lower lows.
In today's video update, we take a look at the USD again as we suggested yesterday we should see the USD bounce from the lows and demand zone.
The USD index shows that the greenback remains rangebound and highlights the importance of waiting for the price to hit those key supply and demand
zones before making trading decisions.
In this video update, we take a look at AUDUSD as we may see price return back to structure highs to find support.
Price has recently broken out of the daily trendline resistance and the previous structure highs. If we see the pullback
to the highs, we should see this act as support. If we see bullish price action look for the long opportunity into the 0.7200 resistance.
In this video update, we take a look at our CADJPY position as the market triggered our trade overnight. Technically
the market formed a double top pattern on the 4hr timeframe at key resistance. Price broke through the neckline confirming
a lower low, lower close. This gave us the opportunity to short the market at the neckline with targets being the key low.
In this video update, we digest the comments made by the fomc yesterday and in particular the Fed Chairman Powell suggested
rate hikes will be unlikely before the end of 2019. Many economists predicted we would see one more rate hike before the end
of the year and they were left disappointed with these comments. Technically the 3hr chart is showing lower lows and...
USDJPY has been relatively subdued lately as price forms a consolidation pattern at the key resistance.
With the FOMC likely to remain dovish we could see a break lower with price heading towards 108.00 support.
However, if the FOMC press conference reveals any form of growth in the US economy that could lead to
a rate hike we could see 114.00 sooner that anticipated.
In this video update, we take a look a GOLD as it breaks out of the bearish corrective structure.
If we see the FOMC later this evening hint at any form of growth we could see some short-term strength in
the USD pushing GOLD prices lower. Technically we can see that price has broken through the bearish channel
and re-tested forming bearish price action. If the...
In this video update we discuss the situation with GBPUSD and how traders get sucked into the extra volatility.
Be mindful that Brexit headlines are unpredictable with the deadline fastly approaching. Technical analysis
is less likely to work on a pair that is driven politically.
In this video update, we take a look at USDCAD is the market consolidates at the key support zone.
If the FOMC seem dovish towards the rate of which they move interest rates we could see a break of
the 1.3300 demand zone and continuation lower. However, if price forms a higher high we could
anticipate that prices will move towards the key 1.3440 level.
In this video update, we take a look at USDCHF as it approaches the key demand zone. If price finds support here
we could look for short-term trading opportunities back towards the double top neckline on the 4hr chart.
If the FOMC come across dovish we could see the demand zone broken through, and closed below causing further
downside for the currency pair.
In this video update, we take a look at silver as we expect the daily double top pattern neckline to
act as resistance before price moves lower. The neckline has not been testes yet and sometimes the market
will gravitate to previous lows before continuing its move lower and this is what we expect to happen
here with Silver. If price forms bearish price action...
In this video update, we take a look at AUDUSD as we could see potential upside into the key weekly resistance
of 0.7200. The 4hr chart is making higher highs and we could expect price to retrace back to the key highs and find
support. If price forms bullish price action we could look for long trades into the key resistance.
In this video update, we take a look at EURUSD as seasonally the EURO typically sees growth through March and April.
The weekly chart closed back above the 1.1300 resistance suggesting we could see further upside and for the market
to trade back within the range. The 4hr chart is currently forming a higher high which gives us the option to look for
further long...
NZDUSD has been playing out within a large consolidation pattern on the daily and weekly timeframe.
Price seasonally for the kiwi sees growth and we could expect prices to break higher moving forward.
However, we have to remain aware that price is within this larger timeframe consolidation and price
could remain here if we see any rejection of the higher trendline...
In this video update we take a look at USDCAD as price is starting to form a double bottom pattern
of the key 1.3300 demand zone. Going forward into next week, if price breaks the neckline of the pattern
and forms a higher high, we can expect prices to continue to move higher into the next resistance point of
1.3450.
In this video update, we take a look at the USDCHF weekly chart in anticipation
of the weekly candle finishing bearish. If this does finish bearish we can expect price to retrace
next week back into the double top neckline resistance. If price finds resistance here we can
expect price to head back towards the key parity level.
