Get started

Blueberrymarkets

EURJPY DOWNSIDE CONTINUATIONEURJPY has been on our watchlist as price breaks through a key trendline support. The daily chart confirmed the lower low, lower close and we should see further downside as money moves from the equities to the safe havens such as JPY and GOLD. Looking to the 4hr timeframe we can see the lower low clearly and if we see the market retrace to the resistance at the previous structure lows around the 128.25. We will look for targets down the key swing support level of 127.20.
Short
by BlueberryMarkets
USDNOK DOWNSIDE WITH OIL STRENGTHUSDNOK downside looks likely as USD pushes lower. This combined with the current OPEC decision to cut oil production could help the NOK a heavy producer and exporter of oil to increase in value. Technically the daily timeframe is still in an uptrend, however looking to the 4hr timeframe you can see the head and shoulders pattern has been completed, which is an early sign of a change in trend. We also have the confluence of a higher timeframe trendline support being broken with price closing below. This is an early indication of further downside. Minor resistance and head and shoulder neckline of 8.5200 would be an ideal place to look for a short opportunity.
Short
by BlueberryMarkets
EURUSD UPSIDE CONTINUATIONNow the USD has broken through the key trendline support we could potentially see a significant USD sell off. The 4hr chart here has started to form higher highs and higher lows and could continue the uptrend. Our moving averages have crossed bullish on this timeframe also adding to our confluence. Applying the Fibonacci we can see the 50% fib retracement is sitting at a minor area of structure. If price retraces to here and forms bullish price action we will look for a long opportunity into the 127.2 fib extension.
Long
by BlueberryMarkets
OIL BOUNCE BACK ON THE CARDSUSOil has bounced back from the $50.00 level and could see further upside. OPEC has agreed to cut production, this will limit the supply and increase demand for the commodity. As demand increases so will the price and we should see some relief to the current downside we are seeing in Oil. Looking at the 4hr chart we can see that the market has formed higher highs and the moving averages have now crossed bullish. Applying Fibs we can see the 61.8 retracement is sitting at the previous structure highs and would be an area of interest if the market formed bullish price action here. 1st targets up at the 127.2 fib extension and follow the 4hr trend higher.
TVC:USOILLong
by BlueberryMarkets
2
USD LIKELY TO MOVE AS TRUMP AGREES SHORT TERM TRUCE WITH CHINAOver the weekend we saw headlines out of the G20 meetings and in particular a sort of truce between Trump and China with regards to current trade tariffs. They have put a hold on trade war spats for a few months to come to a fair agreement between the 2 nations. This will likely help the stock markets move higher with a move back to risk on. Buying the Indexes and some selling of the USD. However, time will tell how long this will hold up for. If we see a break and close above the $97.00 we should see some upside to the USD, a break below the supporting trendline further downside will occur. Patience is key here to see clear direction before getting involved.
TVC:DXY
by BlueberryMarkets