GOLD has been selling off of recent and looks to be running out of steam on the daily chart. The outlook right now for GOLD looks extremely bearish due to price action on the monthly, weekly and daily charts. However, if we want to get short on this market in-line with the trend, we need to see the market retrace back to a key resistance level. The previous...
In this video update, we take a look at EURGBP and how it is shaping up ahead of further Brexit votes. The 4hr chart here is suggesting we could see further downside if the market breaks the lower trendline support of the bearish flag pattern. If we do see a break look for the market to head towards the key 0.8300 support level.
In this video update, we take a look at GBPCAD and why we should wait for bearish price action here. Historically price has reacted from this level we are at now and could see price form a bearish close here. If it does then we have confirmation bias to look for further downside within the channel. If we see price break higher then we have to follow the market...
In this video update, we take a look at the AUDUSD ahead of the GDP announcement. The RBA yesterday held interest rates, at 1.5%, this was likely to happen as reports suggested investors will be eyeing up the GDP release for last quarter. This data could have an impact on the RBA's decision to cut interest rates. Technically we need to keep an eye on the key...
In this video update, we take a look at the Dow Jones and how the chart could be setting up for a small correction back into the key support levels. The key weekly close gave us the opportunity to look for the short set up, if this had stayed bullish we would have expected a continuation going into this week.
CADJPY is testing weekly resistance with 38.2% Fibonacci retracement confluence. Price action suggested further downside is to come after it rejected the key level. If we see price break down, expect targets of 81.00 to come into play.
In this video update, we take a look at the USD and how it could be shaping up for the week ahead. President Trump has claimed he wants to see a weaker USD so that he can form trade deals with countries, however, the market could ignore this as price action is suggesting a move back into $97.50. The monthly chart closed bullish which could suggest further upside...
In this video update, we take a look at GBPAUD and how the market could be forming a corrective move on the monthly chart with the price now back to key structure lows. If we see a bearish weekly rejection at this level we could see significant downside to come as previously highlighted. If price breaks higher above the 1.8800 zone our trade idea becomes invalid.
EURGBP should be placed on the watchlist next week as price looks to be closing below the weekly range for the first time since 2017. This could lead to a 200 pip sell-off from the current 0.8500 down to the key support around 0.8300. The close below is significant to continue lower here and gives us opportunities to sell on our 4hr trading timeframe in line with...
GBP is not only benefitting from the current USD weakness but off the back of fresh optimism of a delay to leave the EU. Price is currently heading towards the key 1.3300 resistance highs and if we see price break and close above this key level we could see some significant upside to this currency pair. With a change in weekly trend, the bigger players in the...
AUDUSD remains range bound this week as the currency pair gets pulled back and forth between good Chinese date and poor USD data to poor Chinese data. The market needs some form of a catalyst to attract investors attention and with the Chinese economic slowdown hovering like a dark cloud over the AUDUSD it could be difficult to see signs of significant change...
With Chinese manufacturing continuing to show a slowdown in the economy the AUDUSD is seeing further downside after finding resistance at the key weekly trendline. With the current USD, strength expect this market to run down to the key support of 0.7050.
In this video update, we take a look at GBPCAD as it approaches the key weekly resistance zone. If price finds resistance here once again we could see this market reverse back towards the key moving averages. Look for short trades here on bearish price action.
In this video update, we take a look at the Gold trade we placed on our telegram channel last night and how it can potentially find support from the $1315.00 minor support. USD gained some strength after the GDP came out as forecast at 2.6% for the final quarter. This pushed the price of Gold into our trigger point.
In this update, we take a look at the correlation between the price of Gold and Chinese Yuan. Since the end of 2017, we have seen the correlation between the commodity and the currency pair grow stronger. When the Chinese Yuan finds support and begins to impulse we see Gold do the same. When the Yuan finds resistance and starts to move lower. The Yuan here looks...
In this video update, we take a look at USDJPY on the monthly chart as we approach month end. Price is currently printing a bullish candle after finding support off 105.30. The daily chart is forming an uptrend and price is currently consolidating, if we see a break above the consolidation we can look for prices to continue higher.
In this video update, we take a look at the USD currency index (DXY) and how the price is finding support at the key $96.00 level with 38.2 Fibonacci confluence. If the daily chart finishes bullish here we could expect upside to continue with expectations of the major currency pairs being affected.
In this video update, we take a look at USDSGD and how the trade posted in our telegram is progressing. If the daily chart closes higher we can look for short term trades going forward on the 1hr chart. Wait for the daily close to look for pullbacks on to structure highs.