EURAUD continues to fail to break below the key quarterly lows suggesting we could see a bounce back
towards the key lows at 1.5900. Typically, when we see this 'tennis ball' effect, where the market tests
the market lows multiple times in a short time, we see a rejection. We could look to long this market
with stops below the key daily lows.
As we can see the Nasdaq broke through the all-time highs at 7702.50 this session.
But will price break highs or bounce?
Looking at the price currently, we are seeing a rejection of the all-time highs.
If the daily candle closes bearish, we could see downside to the previous highs at 7509.20.
A break and close above the all-time highs could see significant upside.
In this video update, we take a look at EURCHF as price re-test the key structure highs.
The Swiss franc has been weak recently and could be looking to gain strength short-term.
On the 1hr timeframe, we can look for opportunities short if price can fail to break the current highs.
This gives us a good risk to reward trading opportunity if we see the false break out.
In this video update, we take a look at the end of day trade we placed on our telegram channel.
USDCHF has been moving towards the yearly highs for some time now as the Swiss Franc weakens.
Typically, when a market tests a yearly high, we do see a reaction from the level, which we are anticipating
to be lower on this pair. If we do see a daily bearish close here,...
In this video update, we take a look at gold as we may have seen a false breakout at a key demand zone.
The 4hr chart is highlighting a potential double bottom pattern and if price closes back within the previous
candlestick range we could look for Gold to push higher towards $1300 again. This is an aggressive outlook
as Gold is bearish currently and the sentiment...
Recently we have seen the dow jones break and form new daily highs. We expect this to continue
with price heading into the all-time highs resistance. The previous daily highs could offer us
a decent support area and if price re-tests the highs we can look for a long opportunity.
EURUSD is back into the key weekly lows and with the USDX at resistance,
we could see some short-term weakness in the USD pushing EURUSD prices higher.
If the market forms any bullish price action here we could see the market head towards
the 1.1300 level. Our idea will be invalidated if price breaks and closes below the lows
GBPUSD is back to 1.3000 again so we need to ask ourselves the question, break or bounce?
If price holds here we could see price move higher, if price breaks and closes below 1.3000 then we can expect
further downside from the GBP. Wait for the market to confirm a direction before trading this zone.
Yesterday we discussed the weakness of the Swiss Franc and USDCHF continues to push higher. The highs at
1.0125 offers a good area to look for short opportunities as the price will be at an extreme level. ATR suggests
using a stop of 42 pips and if price falls back to the key demand area, we could 5x our risk with this trade.
The weekly chart remained bullish on NZDJPY giving us further trading opportunities higher.
The daily chart offered us support at 75.50 and with price forming a double bottom pattern on the 1hr chart,
we can look for a re-test of the neckline before moving higher. Make sure stops are below lows and target
the range highs.
In this video update we take a look at USDJPY as price finds support at 111.00.
With the break of the daily highs, we can assume price is heading towards the key 112.00 resistance.
A pullback into the structure highs will give us an opportunity to go long and target the key resistance.
In this video update, we take a look at GBPUSD as we typically see the price rise through April.
Currently, the price is consolidating on the daily chart however the 4hr shows potential higher highs forming
if we can see the USD weaken. A break and close above the daily highs will give us opportunities to
go long on a re-test of structure support.
In this video, we take a look at the key correlations between risk-on and a risk-off market.
Typically when we see the stock market indexes fall, the safe haven currencies see significant strength.
Looking back we can highlight opportunities when the stock indexes fall and the JPY sees significant strength.
In this video update, we take a look at the Oil markets and how they are shaping up for another push higher.
Brent crude offers a cleaner chart when comparing price action however they both show signs that
the market remains bullish despite the recent consolidation. Wait for a bullish daily close before
looking for continuation trades higher.
In this video update, we take a look at the swing trading opportunity we identified in yesterdays youtube video.
We are expecting the price to continue to move higher after finding support. As it is a Friday you can look
to manage the trade in accordance with your own trading plan.
In this video update, we talk about the swing trade idea we posted yesterday and that we
could be seeing a breakout of the key trendline resistance. We need to wait for confirmation close
above the highs before looking for any continuation trade into the quarterly highs.
In this video update, we look at the NZDUSD price as it sits back at the key demand zone.
We could see some short-term strength here if the USD weakens significantly in the coming days.
Price could head back to the middle of the range and we are looking for any signs of bullish price
action like a double bottom pattern for example. If we see any 4hr cycle changes...