AUDUSD was affected recently by the poor data out of China causing a considerable move lower. However, with the USD weakness price soon recovered and the 4hr formed higher highs showing the potential for price to continue higher. Looking at the 4hr timeframe we can see the moving averages have turned bullish and if price retraces back to the minor support we can...
EURUSD 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...
In this video update, we take a look at the US30 and how it could be shaping up for the year ahead. We could see a short-term rise in the market before seeing significant downside. The upside will largely come from the USD weakness if it can break lower, however, with the slowdown in the Chinese economy we could see further downside back into the key support.
In this video update, we take a look at USDSGD as it approaches a key support level. If the market can break lower and sellers push the market further we can look for continuation trades into the next key support zone.
In 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...
In 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...
In this video update, we take a look at USDCHF and look at how the potential USD weakness could affect this market. We expect low liquidy now until the new year so we could see this market just move sideways at the key support until the new year or anything significant happens.
Once again focusing on the CAD weakness. CADCHF has been down trending nicely and we have managed to ride the wave lower. Price still has a small way to go before hitting the key support of 0.7760. If price can retrace back to the 50% fib and previous structure lows we can look for bearish continuation here.
CADJPY has been sinking lower due to poor data and BoC Poloz playing down interest rate hikes. We looked previously at a short opportunity at the minor resistance and now price has taken out the key weekly support we expect this to act as resistance with likely targets of 80.65.
WTI OIL could see further downside despite the current USD fall. Price is currently sitting below the $50.00, resistance and if price re-traces back to this area and prints bearish price action we can look for further short opportunities. Looking at the fibonacci retracement tool we can see the 38.2 highlights a zone in line with the resistance where price could...
GOLD fell sharply yesterday with the 0.25% rate increase but seasonally is long along with the EURO. This seasonal pattern looks to be playing out here and GOLD longs look likely to continue. Look for pullbacks on lower timeframes to key structure highs, and moving averages before looking for continuations long. The next structure resistance will be ideal targets...
We have been looking for USD weakness for a while now due to the current situation in the Bond Market. There was risk to the upside however if the FOMC were hawkish the USD could have spiked further. But despite them mentioning gradual rate hikes, they were focused on data and monitoring inflation which is under the current 2% targets. This has seen the USD fall...
We have been speaking about this all week as it will be the most important rate announcement before the end of 2018. FOMC today will hike interest rates by 0.25% but the key will be in the statement and press conference after. If they plan to gradually increase interest as Trump is suggesting oddly enough, then the dollar has room to the upside. A break and close...
GBPUSD has been a chart of interest for a while and downside looks likely when taking price action into consideration only. However, with the FOMC interest rate decision tonight this chart could look very different by the end of the day. If the FED disappoint and look to slow down the rate in which they continue to hike interest rates we could see GBP back above...
In this video update, we take a look at USDSGD and how it is trading between to key significant levels. Price action suggests we are going to see further declines in this market and the 4hr chart is starting to move lower in line with the daily price action. The minor resistance level highlighted in the video would be a likely area for the market to find resistance again.
In this video, we look at a trend continuation trade on NZDCAD daily chart. Looking at the daily chart we can see a clear uptrend with price forming higher highs and higher lows. Price has now retraced to the previous structure highs and bullish moving averages. Yesterday's candle printed as a bullish inside candle which typically leads to a breakout.
In this video, we discuss what we need to see from the USD going into the FOMC meeting tomorrow. We are expected to see a hike of 0.25% which typically does see investment into the currency. However, we feel the FOMC may disappoint with the statement on future rate hikes. If this happens we need to see the USD break below the trendline support and zone support of...
GOLD seasonally moves higher throughout December and if the FOMC disappoint after hiking rates on Wednesday we could see prices rally in line with the seasonal move. Price is currently sitting at previous structure highs and 20EMA where we could see a further impulse leg. The market may be subdued until the announcement so patience will be required here. Looking...