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Blueberrymarkets

NZDUSD REMAINS BULLISH: ANALYSISIn this video update, we take a look at how the NZDUSD is finishing this week. We expected the NZD to benefit from the potential USD weakness this week and it rallied significantly. If the market remains bullish we expect further upside next week as long as the USD can continue to move lower. This along with the AUD will be under pressure as the trade war between Trump and China continues however any positive news will push these currencies higher.
Long
by BlueberryMarkets
GOLD PULLBACKS LIKELYGold has been moving significantly higher as of late largely due to the US government shutdown fueling the fire for safe-haven assets. Typically through January, precious metals perform well and this is likely to continue however we must see some pullbacks first before getting back on the bull run. If price retraces back to the key support level of $1270.00 we can look for long opportunities, Our moving averages remain bullish adding confluence to the idea.
OANDA:XAUUSDLong
by BlueberryMarkets
USDCAD BREAKING LOWERUSDCAD has been the chart to watch lately as CAD strength wiped the floor with other currencies of recent. Combing this with the USD weakness and the stabilising Oil price, USDCAD has been in focus for us. Price is currently sitting at the key level of 1.3300 after breaking out of a key supporting trendline. The moving averages on the daily timeframe look to be turning bearish and if price re-test the supporting trendline as resistance we can look for shorting opportunities in line with the strength and weakness of the currencies.
Short
by BlueberryMarkets
EURUSD BREAK HIGHEREURUSD again has headed towards the minor resistance of the wedge pattern as the USD continues to move lower. We expect USD downside despite the good data recently due to the recent FOMC member speeches. The majority of the FOMC is trying to put the brakes on which they continue to hike interest rates. The market has taken this negatively giving the major currency pairs a boost with EURUSD, in particular, heading towards the key highs of 1.1500. If price can break and close above the key highs we should expect price to continue higher.
Long
by BlueberryMarkets
USD DOWNSIDE EXPECTEDIn this video update, we discuss the recent move on the DXY as we have seen the index break out of a key range between 97.50 and 96.20. With the decline in the Bond market, it begs the question, will the USD follow suit? Typically, when the 10 and 30 yr US bonds decline the USD follows over time and those markets have dropped significantly through December. If the USD does breakdown further we expect the support zone of 94.00 to be the overall target of the move lower.
TVC:DXYShort
by BlueberryMarkets
WHY WE ARE SEEING LARGE MOVES IN THE SAFE HAVEN CURRENCYIn this video update, we take a look at USDJPY as overnight APPL revealed their Q1 data which showed a potential slowdown in the Chinese economy. This caused investors to move their money from risk on to risk off with JPY and Gold benefiting from the poor data. Looking at the technicals price has bounced from the support of 105.20 however the move has been exaggerated due to low liquidity and we could see prices re-test this support again.
Short
by BlueberryMarkets