GBPAUD TO CONTINUE DOWNTRENDGBPAUD is pulling back to the 4hr lows with a 38.2 fib also adding confluence to the level.
If price enters our sell zone we will be looking for bearish opportunities with targets at the daily lows.
Blueberrymarkets
DAX TO HEAD HIGHERThe DAX has also fallen into the key buy zone where we could see buyers
step back into the market with targets of the key resistance zone of 12830.00.
We will be looking for lower timeframe signs of buyers stepping back in here.
A double bottom pattern would be ideal in looking for a long opportunity.
VIDEO ANALYSIS: SPX500 IN THE BUY ZONEIn this video update, we discuss a potential swing trading opportunity on the SPX500.
We have spoken about this on recent posts and now the price is in the zone we can
actively look for positions. We will be waiting for some bullish price action to trade back
into the key highs.
VIDEO ANALYSIS: CADJPY TRADE UPDATEIn this video, we take a look at the current CADJPY position. Price is near 1:1 risk to reward and we
could look to move stops ahead of the BoC rate announcement this week. The Daily and weekly charts
suggest the CAD strength will continue here so we are happy to hold this trade.
AUDCHF TREND CONTINUATION TRADEBUY: LIVE
STOP LOSS: 40 PIPS
TARGET: 102 PIPS
Price on the weekly timeframe looks to be in a retracement phase which could end at the previous weekly lows
around the 0.7030 level. The 4hr timeframe is forming higher highs and higher lows supported by the 20 and 50 ema in order.
Price retraced to the buy zone and formed a higher high, higher close candle. We have entered live.
USDNOK BACK AT SELL ZONEUSDNOK is back into the key daily lows where we could see sellers re-enter the market.
The USDNOK is currently trading within a weekly range and could see prices test the key lows
of the range in the demand zone labeled on the chart. With Oil prices on the rise once again the
NOK could benefit and gain strength. We will be looking for lower timeframe shorting opportunities
here of waiting for a daily bearish close to look for a short position.
US JOBS DATA LIFTS USD The NFP numbers came in strong for the US which saw a spike in the price
of the USD Index. This data could be seen to have put a dampener on investors
minds in how quickly the Federal Reserve is to cut rates in the future.
If the data continues to be good for the US the need to cut rates could be pushed
back.
S&P500 CONTINUES IT'S MOVE HIGHER...BUT WHAT NOW?In this video update, we take a look at the S&P500 for potential long opportunities.
The market breaking higher suggests the risk on sentiment could continue with safe haven
currencies being the most affected. If price pulls back into the structure highs we could
look for a lower timeframe swing opportunity back into the highs wherever they form.
BITCOIN BREAKOUT...Bitcoin on the 1hr timeframe could be forming a bullish breakout pattern.
Look for long opportunities on the break with targets of 12340.00.
VIDEO ANALYSIS: GOLD...WHAT NEXT?In this video, we take a look at gold from a technical point of view as the price is finding resistance at
the $1440 level. This level derives from the August 2013 highs. If we see higher timeframe bearish price action
here we can expect a retracement back into the key demand of $1360 or at least $1330. This would need the
USD to gain significantly which we don't see happening anytime soon.
NZDCHF LONG OPPORTUNITYWe will be watching NZDCHF for a potential long opportunity. Price has recently tested a key level and
could be forming an inverse head and shoulders pattern. If price retraces back to the key highs and the 61.8 Fib
and forms bullish price action we could expect prices to continue higher.
GBPUSD INVERSE HEAD AND SHOULDERS PATTERNGBPUSD technically could form an inverse head and shoulders pattern if the daily timeframe
forms a bullish candle here. Typically if an inverse head and shoulders pattern forms the left
shoulder acts as a key support area.
GBP will likely remain under pressure and any long trades will need to be taken with lower risk
in mind.
VIDEO ANALYSIS: CADJPY SWING OPPORTUNITYCADJPY has recently formed a new higher high and with strength and weakness indicators
suggesting that the Canadian dollar is strong and the Yen is weak, we can look for the trend
to continue. In this video, we highlight 2 possible swing trading ideas.
VIDEO ANALYSIS: DAX (GER30) LONG OPPORTUNITYIn this video update, we take a look at a potential swing trading opportunity on the 4hr timeframe.
The daily chart is forming higher highs and higher lows and we could expect the price to test the
previous swing highs and key resistance. Now price is back to our demand zone we are
looking for a HH, HC candle for a long entry.
USDJPY SWING TRADEUSDJPY daily chart shows that price has recently re-tested the daily lows.
The daily timeframe could suggest the downtrend could continue into the lows.
The 4hr timeframe has formed a bearish candle at the daily lows. We have gone
short with price expected to test the key lows.
EURUSD BACK AT KEY HIGHSEURUSD is back into the key highs, the Fibonacci retracement tool shows that price
is currently testing the 61.8 fib. If the 4hr timeframe finds support here and produces
bullish price action we can look for a long opportunity back into the highs with extended
targets of the 127.2 fib extension.
USD TO CONTINUE LOWER?The USD Index has formed new lows and we expected the price to pullback into them before seeing
another move. Looking at the market technically the Fibonacci retracement tool has highlighted
a key zone between the lows and 50% fib as resistance. If we see bearish price action here we could
look for short opportunities into the next demand zone.
VIDEO ANALYSIS: EURAUD TOP DOWN ANALYSISIn this video, we break down the EURAUD chart as sentiment changes to a bearish outlook for the currency pair.
Now the price has formed a daily lower low, we can expect the price to continue lower. If price pulls back to the structure
lows we can look for a continuation move.
NZDUSD REACHES 0.6700 RESISTANCE...NZDUSD has finally tested the 0.6700 resistance level. Price could start to find some sellers here
as traders in from the 0.6500 level will likely be taking profits at this area. If the price does reject
here we expect to see a shallow retracement before seeing further upside. We will be looking for
a daily higher low in order to look for long opportunities.
VIDEO ANALYSIS: SILVER TO RALLY TO $16.00In this video, we break down the Silver market with a top-down analysis approach.
The monthly timeframe is suggesting we continue looking for longs into the previous structure highs.
The daily timeframe highlights a bullish trend and we can look for long opportunities if the
price can re-test the previous structure highs.
EURNZD TO TREND LOWEREURNZD weekly chart is rejecting the key resistance and price has formed a lower low on the daily
timeframe. If price retraces back to the daily lows we will look for short opportunities into the support
level.
GBPAUD IN LONG TERM CHANNELGBPAUD has recently re-tested the key monthly lows and rejected. We could
see this market continue down to the monthly trendline support if the Australian
dollar continues to strengthen. The GBP will likely remain weak as the conservative party
continues to find a new leader.
VIDEO ANALYSIS: AUDJPY AT MAJOR SUPPORTAUDJPY is currently sitting at a major support level and with the monthly candle
shaping up to be a bullish doji candle we could look for long opportunities from
current levels. The 4hr timeframe has changed cycle and if price re-tests
the 4hr highs we could look for a long position.
