USDCAD is approaching the key range highs where we could see the price find resistance.
Ideally, we would want to see the price reject the 1.3350 level and close below on the daily
the timeframe in order to look for short opportunities.
AUDCHF has re-tested the key resistance level and formed a bearish rejection.
We could expect the downtrend to continue from here.
Short the 1hr candle with stops above the highs and targets of the weekly low.
In this video update, we take a look at NZDCAD as the trend on the 4hr timeframe remains clear.
The monthly analysis suggests looking for long opportunities and the price is making its way up to the
If the price retraces to the recent breakout highs we will look for long opportunities.
The CADJPY price as recently broken through the Monday lows suggesting we could see further downside this week.
The Canadian dollar is getting weaker with the risk-off sentiment and the Yen is getting stronger making this an ideal
market to trade. Look for the pullback to the key moving averages and breakout lows for further short opportunities.
In this video update, we take a look at the NZDUSD as the price
has recent burst through the Monday candle high suggesting we could
see a continued move to the upside. Looking at the lower timeframe the key moving
averages are lining up in line with a long bias.
In this video update, we take a look at the risk-off pairs to watch in the market.
This is due to the trade deal between the US and China breaking down as some reports
are suggesting China will wait for the decision of Trump's impeachment.
AUDJPY is a great chart to watch to determine the sentiment of the market.
GBPCAD is at the key resistance 1.7050 where we need to ask the question will the price
breakout or bounce from the level.
Currently, the price is working within a triangle pattern at the resistance which
would typically see price break lower. However, the GBP is currently stronger than CAD
and we would need to see this reverse in order to see a breakout lower....
In this video, we take a look at the GOLD trade we placed in the telegram channel as the
price approaches the halfway mark on our target.
We cover what we expect to see next and how we will manage the position.
AUDJPY looks likely to continue its move lower to the 74.00 support level.
The daily timeframe shows the price rejecting the key trendline resistance adding confluence
to the move lower. If the price retraces on the 1hr timeframe and rejects the moving averages we can
look for further shorting opportunities.
Yesterday we expected to see the RBNZ cut rates by 0.25% however they left rates unchanged.
The RBNZ also stated they don't see any need to cut rates further at the moment which will likely strengthen to NZD further.
This decision saw the NZDUSD price jump and break above Monday's highs. If the price retraces to the Monday highs
we could look for a long opportunity.
NZDUSD looks likely to continue lower as the price approaches Mondays low.
If we see a break and close below these lows we could anticipate further
downside to come. If the price retraces and finds resistance we could
look for another short opportunity.
Gold is currently re-testing a key area of support where we are likely to see some buyers step back into the
market. Technically the RSI has gone into an oversold condition at the support adding further confluence to our short-term
bias. On the lower timeframe, we can see a minor resistance level that needs to be broken before considering a long opportunity.
In this video update, we take a look at AUDJPY as the weekly timeframe suggests we could see a
move lower back to key support. When the market continues to close within a previous week's
range we typically see a move in the opposite direction. Also, the RSI indicator highlights a potential
resistance area where price could move lower from.
EURUSD has recently broken through the daily swing lows 1.1074.
With the recent strength from the USD, we could expect to see the EURUSD price
re-test the support level of 1.1000. At this support, we expect to see a reversal in
the move lower with the price likely to pull back to the breakout lows at 1.1074.
The USD strength is pushing Gold prices lower towards the key demand zone at $1450.00.
The price could re-test the breakout highs before continuing to move higher. Look for short-term short
opportunities into the support zone.
In this video update, we take a look at AUDCAD as the price forms a bullish rejection of the demand zone
on the monthly timeframe. We break down the timeframe in order to look for a long opportunity on the
Silver is back a the key weekly demand zone again where we could see buyers step back into the market.
The RSI hasn't gone oversold so we could see the price test the lower prices of the demand zone before
seeing a long opportunity form.