In this video update, we take a look at EURUSD and USD Index to continue looking for the USD weakness. Price on the USD Index has recently tested 96.00 which could see some buyers step back in short-term into the previous structure lows. EURUSD has broken higher and is heading towards a key supply zone where we could see price retrace into the key highs before going long.
In this video update, we discuss the S&P500 in more details and what will happen to market sentiment if price bounces or breaks. We believe if price bounces we could return to a risk-off the sentiment with safe haven currencies benefitting. If price breaks above we could see a significant move higher again.
In this video update, we digest what happens with the FOMC and look at what can happen next for the price of gold. We expect further upside out of this market and are looking for retracements back to the key demand zones.
In this video update, we discuss the two scenarios ahead of this meeting and what could happen if the Fed discuss further cuts in the future or if they downplay the need to cut rates going forward. Inflationary data suggest a cut is likely but will FED chair Powell want to open the flood gates for the USD bears. We are not so sure...
In this video, we take a look at NZDCAD as price rejects the key demand zone. NZDUSD is currently at support and despite the recent USD strength is holding at the level. USDCAD is trading back above 1.3400 highlighting the weakness in the Canadian dollar. Looking to this chart we could see a swing trading opportunity from the current levels to the key resistance.
In this video, we highlight the potential reversal to come to the Swiss Franc and what we need to see in order to execute our bias. The Swiss Franc has been the strongest currency of late however a large majority of the CHF pairs are at key demand zones. The CoT Report shows long contracts decreasing and short contracts increasing. This could lead to a reversal.
Gold has recently tested the $1350.00 resistance and is currently rejected. The recent CoT reports highlighted an increase in short contracts if price closed below this key resistance we could see a short-term fall in price.
In this video update, we take a look at EURAUD as the price approaches a key resistance level. Previously in the past, the market has sold off aggressively here as sellers re-emerge above the 1.6330 level. If price prints a daily bearish close we can look for short opportunities here.
In this video update, we take a look at AUDCHF as the price is back at a key demand zone. The 4hr timeframe is highlighting a potential double bottom pattern forming. If the price forms a higher high, the pattern will be complete and we could expect the market to move higher.
In this video update, we take a look at USDCAD as the price has broken through longer-term trendline support. Recently we saw USD weakness come into play and the Canadian Dollar benefitted massively. We expect this decline to continue and a re-test of 1.3300 will be ideal in order to look for further shorting opportunities.
In this video update, we take a look at NZDUSD as we expect the price to test the 0.6700 resistance. The CoT reports highlighted an increase in long contracts this week showing us the commercials are happy to buy at these levels. The 4hr timeframe has highlighted a minor demand zone around 0.6600 where the price could find buyers.
In this video update, we take a look at the USD Index ahead of the non-farm payroll announcement. If we see the average hourly wages increase and jobs stay around 180-200k a rise back into the lows of 97.50. A shortfall here will see the USD sell-off continue and a break below the weekly lows will bring a long term slump to the USD.
In this video update, we take a look at the price of Bitcoin as we can trade this asset through blueberry markets on mql5. The weekly chart seems to be forming a variation of the evening star pattern which could see the market fall into the support at 6000.00.
NZDJPY has been high on our watchlist for a long opportunity for some time now. The 4hr chart is starting to form a higher high and a higher low and is set up for a swing trading opportunity.
In this video update, we break down why we looked for Silver longs in our telegram group. Price has formed a higher high on the daily chart after breaking through trendline resistance. The CoT reports show commercials buying around these prices indicating a potential reversal.
In this video update, we are taking a look at NZDUSD as the price is breaking into new highs on the daily timeframe. Now that price is breaking higher we can look for potential add in trades on the lower timeframes. We already hold a position on the daily timeframe from the initial bullish engulfing candle. We are expecting price to test the April highs around 0.6700.
In this video update, we take a look at CADJPY as the price has found support at the weekly demand zone. We have been looking for JPY weakness for a while and with the stock markets finding some relief a sell-off in JPY was likely. On the 4hr timeframe, CADJPY needs to break the highs. If this was to happen then we could expect to see the price increase further.
In this video update, we take a look at GBPJPY as price enters the key demand zone. The recent CoT reports show that the speculators have increased their longs at this area which could show us a sign of a reversal. Typically speculators are wrong in the market and a switch in sentiment increases when they add large positions. Wait for the daily close to offer...