EURGBP has been on our watchlist for shorting opportunities and price looks likely to break down now. We looked for the re-test of the moving averages in order to short the market with targets of 0.9000 weekly highs. We have been triggered into the move.
In this video update we take a look at GBPUSD in more detail and why we are looking for a reversal in the current downtrend. We speak of the CoT reports often and this video we have broken down what is happening and what has happened before.
In 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...
The 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...
AUDCHF 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.
EURNZD 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.
EURJPY 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.
USDCAD 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.
In yesterdays post about EURAUD, we looked at the price re-test the yearly highs. In this video we breakdown using top-down analysis approach where we could see some short-term trading opportunities.
The 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.
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.
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...
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.
In 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.
The USD strength continues despite the likelihood that the Federal Reserve will cut rates by 25bps this week. The key for any break or bounce here will be left in the hands of the fomc press conference. If the FED is aggressive with the way they want to cut rates then we should see USD weakness. If they feel there is no need to cut rates so aggressively then a...
In this video update, we look at the trades we took this week on our telegram channel. Some trades still open and will look to hold these through the weekend as they are long term swing trading positions.
In this video update, we go through different methods to short EURAUD as we expect the current downtrend to continue. EURO is weak and will look to continue that weakness. If the price retraces to the sell zone we will look for bearish price action to short this market.
The German Dax remains in an uptrend and has recently impulsed higher. Diving into the 4hr timeframe we can look for an opportunity to buy the market in line with the daily timeframe. The 4hr chart is forming higher highs and also has confluence with the 20 and 50 EMA crossing. If price pulls back to the level we can look for a long opportunity into the major resistance.