peterthinkhuge

03:07

peterthinkhuge

In this video update, we take a look at Gold and for the potential for price to start moving lower. The CoT reports are highlighting a significant build-up in commercial short contracts at current levels. Not only this, technically the impulse moves are getting short and shorter and the price is failing to make higher highs and higher lows. The RSI also highlights...

peterthinkhuge

AUDJPY continues to move higher as risk-on sentiment continues. Looking at the daily timeframe we expect the price to re-test the weekly lows of 74.00. This gives us opportunities to look for long positions on our lower timeframes. If price breaks above the highs we can look for opportunities on a re-test.

peterthinkhuge

AUDUSD has broken through a wedge pattern from the key demand zone if price closes above this pattern, we could see some more upside to this market as the USD continues to weaken.

03:04

peterthinkhuge

In this video update, we take a look at our open USD trades and what is happening on the USD Index as the value of the USD moves lower. Seasonally the USD is short through this period and looks likely to continue through until october as the Fed is weighing up a rate cut.

02:20

peterthinkhuge

EURAUD has been on our radar for some time and with the weekly timeframe forming a significant bearish engulfing candle off the key highs, we could expect some downside to continue. Looking for 4hr trading opportunities off the moving averages with targets being the daily trendline support.

peterthinkhuge

Brent Crude Oil is breaking through the weekly lows and with oil production increases the price of oil is likely to continue to fall. Now the weekly lows have been broken we can look for further shorting opportunities down to the demand zone of 52.00.

peterthinkhuge

GBPNZD is on our watchlist as GBP remains strong and NZD continues to be weak. Price has now retraced back into the moving averages where we can look for another long position if price forms bullish price action. Key resistance remains at 1.9600 where we will look to take profits.

02:31

peterthinkhuge

The DAX appears to be forming an inverse head and shoulders pattern where we may see a reversal in the current bearish trend. The weekly structure lows are offering support currently and daily price action suggests we could see an inverse head and shoulders pattern form. A break and close above the neckline will allow us to look for long opportunities.

peterthinkhuge

AUDUSD remains under pressure by the developments of the Chinese vs US trade war. We need to see some positive news out of this trade war for AUDUSD to rebound from these current lows. The price is holding at the key lows and rally is likely to form here technically.

02:52

peterthinkhuge

SILVER continues to climb however is approaching a key resistance level. The CoT reports show that the commercials are increasing their short positions, however, they are not decreasing their long positions suggesting the price will move higher.

peterthinkhuge

EURCHF is currently finding support at the key demand zone. This pair has been in a downtrend for a while and could look to reverse as price looks to be overextended. If price breaks above the previous weekly candle high at 1.0930 we could assume the price may reverse and look for long opportunities counter-trend.

03:17

peterthinkhuge

GBPCAD has re-tested the inverse head and shoulders neckline and formed a bullish higher high, higher close from the level and averages. We could look for a long opportunity here with 1st targets at the highs and second targets up at the weekly resistance of 0.6585.

peterthinkhuge

Bitcoin is currently stuck in consolidation and we need to be patient in order to look for long opportunities. The key will be in a break above the current highs and trendline resistance. If we see a close above these resistance areas we can look for long opportunities on a re-test of the structure.

peterthinkhuge

EURGBP has retraced back into the previous 4hr lows as well as the key moving averages. If price rejects this area we could look for a potential add-in trade with targets of the key support level of 0.9000.

03:29

peterthinkhuge

USDCHF formed a bearish engulfing candle on Friday as President Trump tweeted about imposing further tariffs on China. The risk-off sentiment looks likely to continue this week with USDCHF gapping slightly on the open. We are looking to sell this pair in line with current market sentiment.

peterthinkhuge

USDCAD is starting to stall at the 1.3300 resistance and if the price continues to fail here a breakout lower is to be expected. The price has been finding support at the trendline and if the price was to break and close below we could see further downside.

03:11

peterthinkhuge

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.

peterthinkhuge

It is an important day in terms of news as the FOMC meeting minutes are released. This will likely rock the stock markets and depending on the tone set out by the Fed the market could remain range bounce of break out. If they start to talk down the dollar which could be expected due to recession talks the market could react positively and a clear break higher will...