In this video update, we take a look at how the AUDUSD is finishing for the week and what to expect
going forward. The RBA left rates unchanged and the statement suggested the recent weak data was a small bump in the
road, however, Governor Lowe was quick to re-iterate that rate hikes in 2019 will be highly unlikely. If the market
closes below 0.7050 we should...
In this video update, we take a look at the GBPUSD trade we placed on the telegram channel. Price found
support at a key level and with the daily candle closing bullish gave us an opportunity for some short term trades higher.
Manage the trade now with stops to breakeven or close the trade as it has moved close to targets.
In this video update, we take a look at the AUD200 index and how the price is benefitting off of AUD weakness.
Price smashed through recent support levels and looks to continue on its path higher, however, we have a significant
resistance level above which may prove tricky for the price to break. If we do see further upside, the market will likely
head towards...
In this update, we take a look at GBPJPY as it breaks through weekly lows.
Price has stalled as GBPUSD was sitting at key resistance and as price moves lower there, the weakness
has rolled over to the cross pairs. The BoE has announced that growth is slowing and they need to plan
around Brexit which holds significant uncertainty.
Technically wait for a pullback...
In this update, we take a look at EURUSD. Price is currently breaking last weeks low and if the
daily chart closes below we can expect EURUSD to head back towards the range lows.
Despite this chart moving lower EURO is bid against many of its counterparts especially the AUD.
Any strength here will boost the cross pairs significantly.
In this video update, we take a look at AUDJPY and how it has been affected by the RBA governor Lowes statement.
Tuesday saw the RBA hold interest rates at 1.5% however they downplayed the recent poor data in which boosted the AUD slightly.
This was short lived as the RVA Governor stated they are still concerned by the housing and wages data that they are putting...
EURGBP printed a bullish inside candle at the range support and upside looks likely.
I had a question recently asking about further downside in this market, and why it is important
to wait for the weekly closes. Watch the video for some top tips on staying on the right side of the market.
In this video update, we talk about USDCAD entering a support zone with the potential of a retracement.
Price on the daily chart formed a bullish low test candle showing buyings re-entered the market. Currently,
price is re-testing a minor support area on the 1hr chart and could move higher in line with the
daily retracement into the resistance of 1.32000.
In this video update, we take a look at the RBA's recent rate announcement.
The RBA held interest rates and despite the recent weak data they are considering it
as a minor bump in the road on the way to hiking interest rates. This was seen as a positive
by the market, and price rallied back into the trendline resistance. We have to take caution however
here as the...
GBPUSD 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.
Currently, 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.
NZDUSD 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.
USDCAD 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.
In 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.
In this video update, we take a look at EURUSD and how it is shaping up ahead of the NFP data.
EURUSD is currently bid and still within its trading range between 1.1500 and 1.1300. The market is waiting
for a breakout here and patience must be applied.
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.
EURAUD 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.
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...
