In this video update, we take a look at EURNZD and how the market could find support at its current levels.
Price recently formed a weekly bullish engulfing candle off a key weekly demand zone. Price on the 4hr
chart is now forming a flag pattern with the potential to break to the upside.
Entry- 1.6790
Stop Loss- 1.6710
Target 1 - 1.6950
Target 2- 1.7140
In this video update, we take a look at NZDCAD and how this market could be the one to watch ahead of the RBNZ rate decision.
The RBNZ is likely to push their plans to hike rates and with the data out of Canada improving we expect the CAD
strength to come into play. A break of 0.8900 will likely see significant downside, look for 4hr swings for key trading opportunities.
In this video update, we take a look at GOLD and how the weekly closing as a bearish inside candle at key resistance.
Looking to the 4hr chart we can see price breaking lower if we can get a close below the previous weekly low, we
could expect further downside towards $1290.00 to $1270.00.
In this video update, we take a look at our CADJPY trade posted in our telegram channel.
The market has moved in our favor overnight and looks set to continue lower as the
Canadian dollar weakens. Price rejected a key weekly resistance level and formed a
Doji candle, giving us the opportunity to enter short.
The USD continued to move higher this week after breaking through a trendline resistance level.
Price found support at the $95.00 level and seasonality shows the USD typically gains through
February to March. If we see price re-test the $96.00 level we can look for continued
long opportunities into the key resistance of $97.60.
In this video update, we take a look at how the AUDUSD is finishing for the week and what to expect
going forward. The RBA left rates unchanged and the statement suggested the recent weak data was a small bump in the
road, however, Governor Lowe was quick to re-iterate that rate hikes in 2019 will be highly unlikely. If the market
closes below 0.7050 we should...
In this video update, we take a look at the GBPUSD trade we placed on the telegram channel. Price found
support at a key level and with the daily candle closing bullish gave us an opportunity for some short term trades higher.
Manage the trade now with stops to breakeven or close the trade as it has moved close to targets.
In this video update, we take a look at the AUD200 index and how the price is benefitting off of AUD weakness.
Price smashed through recent support levels and looks to continue on its path higher, however, we have a significant
resistance level above which may prove tricky for the price to break. If we do see further upside, the market will likely
head towards...
In this video update, we take a look at AUDJPY and how it has been affected by the RBA governor Lowes statement.
Tuesday saw the RBA hold interest rates at 1.5% however they downplayed the recent poor data in which boosted the AUD slightly.
This was short lived as the RVA Governor stated they are still concerned by the housing and wages data that they are putting...
EURGBP printed a bullish inside candle at the range support and upside looks likely.
I had a question recently asking about further downside in this market, and why it is important
to wait for the weekly closes. Watch the video for some top tips on staying on the right side of the market.
In this video update, we talk about USDCAD entering a support zone with the potential of a retracement.
Price on the daily chart formed a bullish low test candle showing buyings re-entered the market. Currently,
price is re-testing a minor support area on the 1hr chart and could move higher in line with the
daily retracement into the resistance of 1.32000.
In this video update, we take a look at the RBA's recent rate announcement.
The RBA held interest rates and despite the recent weak data they are considering it
as a minor bump in the road on the way to hiking interest rates. This was seen as a positive
by the market, and price rallied back into the trendline resistance. We have to take caution however
here as the...
In this video update, we take a look at NZDUSD and how the kiwi has outperformed again this week
after seeing a breakout of a weekly resistance trendline. We expect this market to continue higher and
looking for a pullback to continue to get long into the resistance 0.7000.
In this video update, we take a look at EURUSD and how it is shaping up ahead of the NFP data.
EURUSD is currently bid and still within its trading range between 1.1500 and 1.1300. The market is waiting
for a breakout here and patience must be applied.
In this video update, we take a look at the Dax (Ger30) index as price has stalled at a key weekly resistance level.
With growing concerns over the economic slowdown in the Eurozone, the indexes could suffer.
Dax 4hr chart shows price changing cycle which could lead to further downside.
EURAUD is seeing further selling pressure as the eurozone economic growth is slowing combined with advanced
trade talks between China and US supporting AUD strength. Price is currently breaking through a key support
zone, if price can hold below this level we can look for further downside.
In this video update, we take a look at the DXY and how the USD is shaping up after the latest FOMC release yesterday.
Fed Chairman Powell took a dovish stance in the press conference suggesting rate hikes are on pause for now and that they
are continuing to focus on the data. With the large move yesterday we should expect a retracement of some kind before
any...
In this video update, we take a deeper look into why we placed a trade on AUDUSD and how it is currently moving.
We took this trade on a trend following system after the 4hr chart formed higher highs. Looking for this trade
to continue to push into the weekly trendline.
Follow for more updates.
