EURUSD BREAK OR BOUNCE?EURUSD is at a key technical level where technical traders will be looking to short the market.
However, fundamentally we expect the USD to weaken as the USD comes under pressure from President Trump
and the Fed. Price on the 4hr timeframe is currently consolidating and a break of the range will be key to identifying
the sentiment.
Blueberrymarkets
VIDEO ANALYSIS: GOLD TO FALL?In this video update, we take a look at Gold and for the potential for price to start moving lower.
The CoT reports are highlighting a significant build-up in commercial short contracts at current levels.
Not only this, technically the impulse moves are getting short and shorter and the price is failing to make higher
highs and higher lows. The RSI also highlights the divergence between price and indicator adding further confluence
to our bias.
VIDEO ANALYSIS: TRADE UPDATES...USD WEAKNESSIn this video update, we take a look at our open USD trades and what is happening on the
USD Index as the value of the USD moves lower. Seasonally the USD is short through this period and
looks likely to continue through until october as the Fed is weighing up a rate cut.
EURAUD TOP DOWN ANALYSISEURAUD has been on our radar for some time and with the weekly timeframe forming a significant bearish engulfing candle off the
key highs, we could expect some downside to continue. Looking for 4hr trading opportunities off the moving averages with
targets being the daily trendline support.
VIDEO ANALYSIS: DAX INVERSE HEAD AND SHOULDERS PATTERNThe DAX appears to be forming an inverse head and shoulders pattern where we may see a reversal in the current bearish trend.
The weekly structure lows are offering support currently and daily price action suggests we could see an inverse head and shoulders pattern
form. A break and close above the neckline will allow us to look for long opportunities.
VIDEO ANALYSIS: GBPCAD AT NECKLINE SUPPORTGBPCAD has re-tested the inverse head and shoulders neckline and formed a bullish higher high, higher close
from the level and averages. We could look for a long opportunity here with 1st targets at the highs and second
targets up at the weekly resistance of 0.6585.
VIDEO ANALYSIS: USDCHF TO CONTINUE LOWERUSDCHF formed a bearish engulfing candle on Friday as President Trump tweeted about imposing further tariffs on China.
The risk-off sentiment looks likely to continue this week with USDCHF gapping slightly on the open. We are looking to sell this pair in line with current market sentiment.
VIDEO ANALYSIS: GBPCAD TOP DOWN ANALYSISIn our market outlook this week we highlighted the non-commercials decreasing their
short positions and the commercials continuing to increase their long positions for GBP futures.
This suggests we could see a reversal in current GBP trends. GBPCAD has rejected the weekly demand
zone and with the daily impulses getting shorter and shorter we identified an opportunity for a long
swing trading position.
VIDEO ANALYSIS: USD THE BIG MOVER THIS WEEKThe USD is likely to be the big mover this week as we see the release of the latest
FOMC meeting minutes as well as the news stories appearing from the Jackson Hole
Symposium. These events will likely drive the USD this week and we may see some dovish
tones out of the fed in order to dampen down recession risks. If the price remains below
the current resistance we could look for the USD reversal.
VIDEO ANALYSIS: AUDCHF BACK AT 2015 LOWSAUDCHF IS CURRENTLY RE-TESTING THE 2015 LOWS WHERE WE COULD SEE A REVERSAL IN THE CURRENT TREND.
THE AUSTRALIAN DOLLAR IS CONTINUING TO FALL DUE TO THE CHINA TRADE WAR WITH THE US HOWEVER ANY RISK ON
SENTIMENT HAS BOOSTED THE CURRENCY SIGNIFICANTLY. IF WE DO SEE THIS AGAIN OUR 1ST TARGETS WILL BE HIT.
VIDEO ANALYSIS: EURNZD LONG OPPORTUNITYEURNZD is on our watchlist as the euro gains in strength and the NZD loses strength. The daily timeframe is
holding above the previous highs and looks likely to continue higher. The 4hr timeframe has re-tested the
key moving averages giving us an opportunity to trade long into the next resistance zone.
VIDEO ANALYSIS: EURJPY AT KEY DEMAND ZONEEURJPY is re-testing the key demand zone where we could see a reversal in current price.
The Euro has been gaining strength recently and with the CoT report suggesting a possible reversal in JPY strength.
The 4hr timeframe could be forming a 3 drive pattern. A break of last weeks highs will be ideal in confirming our
long bias.
VIDEO ANALYSIS: USDCAD TOP DOWN ANALYSISUSDCAD is on our radar this week due to the bearish rejection candle on the weekly timeframe.
This rejection could signal the start of another move lower; the 4hr timeframe is forming a head and
shoulders pattern at the key resistance offering us different options to short the market.
VIDEO ANALYSIS: NZDUSD TO 0.6300The RBNZ cut interest rates by 50bps as they weigh up global risks. This did come as a slight
shock to the market as we were forecast to see just a 25bps rate cut. The market saw this
as a negative and pushed NZDUSD prices through the key lows. We expect to see further
downside here in this market and will look for short opportunities on retracements.
VIDEO ANALYSIS: SILVER TO TOP AT $17.00?In this video update, we take a look at Silver and how the market is currently in a bullish trend.
The CoT reports show that the commercials are increasing their short positions and are at all-time highs
across an 18 and 6 month look back period. We are expecting one last rally where $17 could act as a top
in the market.
VIDEO ANALYSIS: USD STRENGTH TO CONTINUE?In this video update, we take a look at the recent USD strength after the recent FOMC interest rate decision.
The need for the Fed to cut rates has slowed and become less aggressive because of the recent good data.
Fed Chairman Powell continued his hawkish outlook in the press conference which has helped sustain the
USD rally. A close above the highs will be key to see any further upside.
VIDEO ANALYSIS: USDCAD TO 1.2900? USDCAD lined up with our strategy trade at the end of day close. In this video, we discuss the current reasons
for taking the trade, how we can manage the positions and what to do going forward.
If price continues the downtrend we expect to see the key demand zone of 1.2900 tested before the end of the year.
VIDEO ANALYSIS: BITCOIN SWING TRADEIn this video update, we take a look at Bitcoin as price action is suggesting
we could see an impulse move higher. Price could be forming a higher low here
and if we see a break of the daily candle highs we can look to go long with targets
back at the key swing highs.