peterthinkhuge

peterthinkhuge

CADJPY has recently formed a new low on the daily timeframe and we expect this pair to continue lower. The 4hr timeframe highlights the key resistance in further detail. This resistance also holds confluence with a 50% Fibonacci retracement. We will look for bearish price action at this resistance with targets of the 127.2 extensions.

05:08

peterthinkhuge

In this video update, we take a look at NZDCAD as the price could be prepared to move over 1000 pips back into the range highs. The strength and weakness table suggest that the New Zealand Dollar is gaining strength and the Canadian Dollar is weakening. Technically the monthly timeframe shows price back at the key lows where we could see price move higher from.

peterthinkhuge

GBPUSD is finding support at the daily highs in line with the daily trend. The support area held confluence with the 50% Fibonacci and with GBP remaining strong we could see prices back up at the 1.2570 swing highs.

02:50

peterthinkhuge

In this video update, we take a look at the stock markets and in particular the Dax. Price is approaching the inverse head and shoulders neckline once again where price could find support. Look for bullish price action here for a long opportunity into the daily lows.

peterthinkhuge

GBPNZD is highlighted in our outlook this week as we expect to see a reversal here as the strength and weakness tables show that GBP extremely strong and NZD is extremely weak. This can often lead to a reversal and with the weekly timeframe rejecting the key resistance we can expect a follow-through this week. Technically price is forming a bearish pattern and if...

02:45

peterthinkhuge

EURUSD has come to our attention because of the USD Index rejecting the highs. As we know the USD Index is weighted heavily to the Euro and if the price moves lower here we should see EURUSD prices move higher. The 4hr timeframe is highlighting an inverse head and shoulders pattern forming and if we were to see the pattern complete with a neckline break and...

peterthinkhuge

CADCHF is breaking higher as the Swiss Franc continues to weaken, we will be looking for a long opportunity on retracements. The 4hr timeframe shows a clear support level at 0.7510 which holds a 50% fib confluence. If price retraces to here we could look for a long opportunity with targets at the key swing highs.

02:36

peterthinkhuge

In this video update, we take look at AUDUSD as we expect to see further downside from this market as the RBA remains dovish on the Australian economy. With price approaching the lows we could expect to see a pullback where we will look for further short opportunities.

02:46

peterthinkhuge

In this video update, we take a look at the Swiss Franc and the potential for this currency to continue to weaken. The commitment of trader reports highlighted a significant increase to short contracts on the swiss franc adding weight to the current sell-off we are seeing. We will look to sell the weaker currency against stronger counterparts such as the USD.

peterthinkhuge

AUDCHF HAS RE-TESTED THE PREVIOUS WEEKLY HIGHS AND REJECTED GIVING US A LONG OPPORTUNITY WITH 1ST TARGETS BEING THE SWING HIGHS. LOOK FOR LONGS ON THE LOWER TIMEFRAMES IN LINE WITH THE DAILY SENTIMENT.

peterthinkhuge

EURUSD has approached the key level of 1.0926 as the USD strengthened significantly. In order to make a decision on this market, we need to see how price reacts to the level. WILL IT BREAK OR BOUNCE? The USD is clearly strong and the EURO is clearly weak suggesting that a breakout lower is likely however because this is such a key level we could see traders take...

03:04

peterthinkhuge

Yesterday we spoke of USDJPY rejecting the demand zone and if price closed bullish we could look for intraday opportunities. In this video, we take a look at the 1hr timeframe and point out a couple of opportunities we could take advantage of. Look for targets at the swing highs and the key levels.

peterthinkhuge

USDJPY re-tested the daily demand zone and double bottom neckline and found buyers. We expect prices to continue higher towards the previous highs and resistance zone of 109.40. If the daily candle closes bullish look for intraday opportunities for the rest of the week.

02:11

peterthinkhuge

EURGBP has found support at the weekly breakout highs and with GBP likely to continue to weaken we could see a rally in prices. If we see a daily bullish close we can look for intraday long opportunities into the previous daily lows.

02:50

peterthinkhuge

In this video update, we take a look at NZDUSD in more depth as the price has rejected the key demand zone. The reason we entered this position in the first place was due to the significant build-up in long contracts on the commercials. Technically price formed a bullish inside candle at the key demand zone with RSI divergence.

peterthinkhuge

EURAUD has re-tested the inverse head and shoulders pattern neckline where we could see another impulse higher. The RSI is oversold which adds another confluence to the move. IF we see bullish price action at this level we can look for a long opportunity.

peterthinkhuge

CADJPY could move higher if we see a move back into the risk-on sentiment. USDJPY is approaching the key demand zone and USDCAD continues to reject 1.3300 showing signs of JPY weakness to come in and CAD strength. CADJPY technically has found support from the previous highs at 80.73 and if see a break of the trendline resistance we can expect the price to head...

03:06

peterthinkhuge

The weekly timeframe on the GBPUSD shows price forming a bearish doji at the key lows and resistance. The last time we had a commitment of trader signal we saw the weekly timeframe form an inverse head and shoulders at the key lows which we could see form again.