Recent comments from the RBA Governor Lowe has put the dampeners on any potential rate hike as he states they are starting to get concerned with credit supply. We are bullish on the AUDUSD market however we could see some potential short-term trades to the downside. If the market can break below the current support level of 81.40 we could see this market continue...
In today's video update, we go through NZDCHF. This currency pair has been rising for a few weeks now and could correct back down into key support before continuing on its uptrend.
With the buying of safe havens we have seen a reprise in CHF strength which we saw slightly last month with no follow through. Technically we have taken out the supporting trendline from the daily timeframe and the 4hr is now forming lower lows and lower highs. This is a great market to look to trade now and we will be waiting for price to pullback into the moving...
As political risk looks to be taking the spotlight again with President Trump re-iterating his stance on China and the current trade tariffs we have seen a shift from risk on to risk off and the buying of safe haven currencies. USDJPY looks set to continue its current downside after breaking through the supporting trendline after failing to break above the 114.00...
Last week we saw a sell of in the USD as FED Chairman Powell spoke with a less Hawkish tone. This may have spooked the market into thinking a December rate hike could be played down. If we look to the weekly chart the candlestick finished as a strong bearish close at the key resistance. This gives us the opportunity to potentially see further downside. We have a...
OIL Looks to be pulling back to key resistance of 70.45 with fibonacci confluence. If the market forms a double top pattern here on the 4hr chart we will look for further downside to continue into the key support of 62.40. We also have confluence of our moving averages for further downside.
We have refrained from trading GBP these past couple of weeks due to the volatility however GBPCHF technically setting up as are other GBP Markets for further downside. As we have seen this week although PM May had her agreement passed however, her cabinet are now resigning showing a lack of support for the draft agreement. This has led to downside for the GBP and...
In today's video update we discuss what's next for USDCAD and the current uptrend we are seeing could see prices into the 1.3300 resistance level. The markets is currently testing the daily highs with a 50.0 fib retracement confluence. We are watching the 4hr chart next week for a double bottom pattern to take this market long.
Looking towards the precious metals Silver has formed a bullish engulfing candle from the previous structure lows highlighting a likely area where the market could find support. Bullish engulfing candles are typically a strong statement of intent and we could see this market rise into the resistance of 14.70 . As Brexit fears rise we could see the move from risk...
With the recent turmoil in the UK and Europe we are seeing a buying of safe havens currently this includes precious metals such as Gold and Silver. JPY is also the currency safe haven and as we can see currently the JPY is getting stronger after breaking our of the daily supporting trendline. If investors feel the need to buy the safe haven currency we could see...
In today's video we discuss the current situation with GBPUSD and how BREXIT talks have been affecting the market. We see further downside here as resignations from Prime Minister Mays Cabinet start to appear. The resignations show a lack of support for the current agreements and could force Prime Minister May to fight for her position. Technically the large...
We have had some great trades on OIL as spoken about before we have been short from $86.00 and we see more downside to come out of the OIL markets. The first weekly support comes in at $62.37 and could rally from here back into the key resistance of $70.44. Looking for short opportunities to the key support and then waiting for a re-test of the resistance before...
EURUSD has been pushed lower of recent due to USD strength but also the weight of Italy and more importantly BREXIT is still heavy here adding pressure to the currency. Technically the market has just tested key resistance and previous structure lows around 1.13100. We have seen the 1hr chart change cycles and we are now looking for the market to push higher and...
In today's video updated we look at a trading opportunity on AUDCAD 1hr chart. Currently the market has found resistance at the key weekly zone and looks to be forming a Daily double top pattern. If the market can pullback into the 1hr area of structure we will look for short opportunities into the neckline support.
In today's video breakdown we again look at USDNOK and assess how the market has been moving and how we would look to trade this with the anticipation of this market moving higher into the key resistance zone.
NZDUSD has continued to show strength despite the USD breaking through the $97.00 on the DXY. Technically looking at the daily chart NZDUSD has broken key areas of resistance and looks to be heading up to the next resistance point of 0.6850. As we can see the support of 0.6715 looks to be holding and if we see a break above yesterdays high we can look for long...
CHFJPY higher timeframe downtrend looks set to continue as the 4hr chart technically has moved back into a downtrend with price forming lower lows and lower highs. If the market continues to downtrend we should see a continuation of this market formation down to the key support of 111.85. Applying our fibs we can see 38.2 fib retracement lines sits slightly above...
EURJPY has been on our watchlist as we expected further EURO downside. Technically looking at the daily chart we can see the market rejected the key resistance and 50.0 Fib level of 130.12. Recently we have seen the market break a supporting trendline highlighting further downside to come in this market. We are looking for lower timeframe trades down to the key...