VIDEO ANALYSIS: WTI TO FALL TO $53.00In this video update, we take a look at WTI as price has retraced back to the key $60.00 level.
With price holding a 50% fib confluence at this level we could expect the market to move
lower from here. The 4hr chart is highlighting a double top pattern and if price can break below
$58.00 we should see some further short selling enter the market.
Blueberrymarkets
VIDEO ANALYSIS: SILVER FORMS LOWER LOWIn this video update, we take a look at silver as price forms a lower low on the 4hr chart. This allows
us to look for further shorting opportunities as the commodity recently rejected the key $16.00 resistance.
Looking for price to re-test the $15.40 structure lows before continuing lower towards $15.00 support.
VIDEO ANALYSIS: EURJPY TO 122.60In this video update, we take a look at the EURJPY price as it rejects the key weekly resistance.
The 4hr chart is highlighting a break lower and price could head towards the key support of 122.60.
Look for pullbacks on lower timeframes to trade within the higher timeframe trend.
VIDEO ANALYSIS: NZDUSD BACK TO TRENDLINE SUPPORTYesterday the RBNZ announced that they had left rates unchanged at 1.75% however the next rate announcement
will likely be a rate cut. This sparked a bearish move on the kiwi across the board with the RBNZ taking a severely
dovish tone. Now price is back at the trendline support we could expect a retracement before a continued move lower
if we see a confirmed close below the trendline.
VIDEO ANALYSIS: AUDNZD SHIFT IN TRENDIn this video update, we take a look at AUDNZD as price could be shifting trend. The reason being
the NZDUSD price is sitting at resistance and the AUDUSD price is catching a bid with room to the upside.
This could mean that price could change trend here especially with the AUDNZD price sitting at a key demand zone.
The 4hr chart is showing us a change in trend and if price re-test the previous structure highs as support, we could see
further upside in this currency pair.
VIDEO ANALYSIS: GBPAUD TO MOVE LOWERIn this video update, we take a look at GBPAUD as price continues to consolidate at the key resistance zone.
The 4hr timeframe has formed a lower low and price could be forming a downtrend on this timeframe. A break
below the current lows will confirm the bears are in control and that further downside is more likely to the 0.7300
demand zone.
VIDEO ANALYSIS: USDCAD TO 1.3650In this video update, we take a look at USDCAD and how the market could continue to push higher towards the key resistance.
The weekly chart formed a strong bullish close off the key 1.3300 demand zone and with the Bank of Canada stalling their outlooks on growth
we could see the Canadian Dollar weakness continue. The 4hr chart is forming higher highs and higher lows with the previous structure lows
offering an ideal area for long opportunities.
VIDEO ANALYSIS: WHAT TO EXPECT FROM THE USD THIS WEEKIn this video update, we take a look at the USD as the greenback could be set to rise up towards the $97.50 highs.
The reason being the 3 months and 1-year yields have inverted. When this has happened in the past a market crash has followed.
In situations like this, we typically see the market run to safe haven currencies such as the JPY and USD.
VIDEO ANALYSIS: GOLD FROM THE TOPIn this video analysis, we strip back the commodity and break down the market from top to bottom and discuss
why the commodity could still see lower prices potentially to the $1250.00 demand zone. Price has recently
re-tested a key structure point and looks likely to see further downside if we can see rice form lower lows.
VIDEO ANALYSIS: USD REMAINS BIDIn today's video update, we take a look at the USD again as we suggested yesterday we should see the USD bounce from the lows and demand zone.
The USD index shows that the greenback remains rangebound and highlights the importance of waiting for the price to hit those key supply and demand
zones before making trading decisions.
VIDEO ANALYSIS: AUDUSD TO FIND SUPPORTIn this video update, we take a look at AUDUSD as we may see price return back to structure highs to find support.
Price has recently broken out of the daily trendline resistance and the previous structure highs. If we see the pullback
to the highs, we should see this act as support. If we see bullish price action look for the long opportunity into the 0.7200 resistance.
VIDEO ANALYSIS: CADJPY TRADE UPDATEIn this video update, we take a look at our CADJPY position as the market triggered our trade overnight. Technically
the market formed a double top pattern on the 4hr timeframe at key resistance. Price broke through the neckline confirming
a lower low, lower close. This gave us the opportunity to short the market at the neckline with targets being the key low.
VIDEO ANALYSIS: USD TO CONTINUE LOWERIn this video update, we digest the comments made by the fomc yesterday and in particular the Fed Chairman Powell suggested
rate hikes will be unlikely before the end of 2019. Many economists predicted we would see one more rate hike before the end
of the year and they were left disappointed with these comments. Technically the 3hr chart is showing lower lows and lower highs forming
so we should expect this to continue into the $95.00 support until the market tells us otherwise.
VIDEO ANALYSIS: USDJPY WAITING FOR FOMCUSDJPY has been relatively subdued lately as price forms a consolidation pattern at the key resistance.
With the FOMC likely to remain dovish we could see a break lower with price heading towards 108.00 support.
However, if the FOMC press conference reveals any form of growth in the US economy that could lead to
a rate hike we could see 114.00 sooner that anticipated.
VIDEO ANALYSIS: GOLD BREAK LOWERIn this video update, we take a look a GOLD as it breaks out of the bearish corrective structure.
If we see the FOMC later this evening hint at any form of growth we could see some short-term strength in
the USD pushing GOLD prices lower. Technically we can see that price has broken through the bearish channel
and re-tested forming bearish price action. If the market can continue lower to break the $1301.00 lows
we should consider further declines in the price of GOLD.
VIDEO ANALYSIS: BREXIT VOLATILITY IN STERLINGIn this video update we discuss the situation with GBPUSD and how traders get sucked into the extra volatility.
Be mindful that Brexit headlines are unpredictable with the deadline fastly approaching. Technical analysis
is less likely to work on a pair that is driven politically.
VIDEO ANALYSIS: USDCAD CONSOLIDATING In this video update, we take a look at USDCAD is the market consolidates at the key support zone.
If the FOMC seem dovish towards the rate of which they move interest rates we could see a break of
the 1.3300 demand zone and continuation lower. However, if price forms a higher high we could
anticipate that prices will move towards the key 1.3440 level.
VIDEO ANALYSIS: USDCHF BACK AT DEMAND ZONEIn this video update, we take a look at USDCHF as it approaches the key demand zone. If price finds support here
we could look for short-term trading opportunities back towards the double top neckline on the 4hr chart.
If the FOMC come across dovish we could see the demand zone broken through, and closed below causing further
downside for the currency pair.
VIDEO ANALYSIS: SILVER TO RE-TEST DOUBLE TOPIn this video update, we take a look at silver as we expect the daily double top pattern neckline to
act as resistance before price moves lower. The neckline has not been testes yet and sometimes the market
will gravitate to previous lows before continuing its move lower and this is what we expect to happen
here with Silver. If price forms bearish price action here we will look for short opportunities.
VIDEO ANALYSIS: AUDUSD TO 0.7200In this video update, we take a look at AUDUSD as we could see potential upside into the key weekly resistance
of 0.7200. The 4hr chart is making higher highs and we could expect price to retrace back to the key highs and find
support. If price forms bullish price action we could look for long trades into the key resistance.
VIDEO ANALYSIS: EURUSD TO 1.1400In this video update, we take a look at EURUSD as seasonally the EURO typically sees growth through March and April.
The weekly chart closed back above the 1.1300 resistance suggesting we could see further upside and for the market
to trade back within the range. The 4hr chart is currently forming a higher high which gives us the option to look for
further long trades if price can re-test the previous highs as support.