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
at 1.1177.
In this video update, we take a look at EURNZD as we could see this market complete an inverse head
and shoulders pattern that is forming on the daily timeframe. If we see a break and close above the
neckline resistance we have the opportunity to look for a long position.
In this video update, we look at GBPAUD and the key highs and lows to be aware of in this particular market.
The daily chart highlights the potential for this market to stay within the consolidation pattern despite price sitting at the key supply
zone. If we do see a break of the lows we can look for further short opportunities. However, seasonally the GBP does...
In this video update, we take a look at the NZDCAD as price failed to break out of the resistance trendline.
Typically, when the market falsely breaks out of consolidation we see a move in the same direction.
The weekly chart finished has as a bearish engulfing candle and we could see price continue lower. Looking
to the 4hr timeframe, we can see price...
In this video update, we take a look at AUDNZD as we expect this market to continue to move higher.
Technically the market is currently consolidating on the 4hr timeframe. Ideally we would like price to head
back towards the 1.0370 structure highs however, with price forming a bullish consolidation pattern we could expect a break
higher. If the market breaks...
In this video update, we look at the USD currency index as price has stalled at the key $97.20 highs.
Seasonally, the USD falls through April and this technical level could be where the USD starts
to sell off. If we do see further downside from here expect major currency pairs to rise in line with the
USDX.
In this video update, we take a look at NZDUSD as price is respecting the supporting trendline zone. However,
we could see further downside to come to the kiwi as the RBNZ did state that the next rate announcement will likely
be lower. If the market rallies back to minor resistance levels we will be looking for further shorting opporunities here.
In this video update, we take a look at the GBPUSD price as Britain prepares to leave the European Union.
The market continues to consolidate in the key wedge pattern however a break of 1.3000 should see the bears
steamroll the value of the GBP lower towards 1.2700. If somehow PM May gets her deal through and the
deadline sees an extension expect further upside to...
GBPCAD has recently rejected the key weekly resistance, after forming a consolidation
on the 4hr chart we have finally seen a break lower. If price re-test the lows we could
expect further downside to come here. CAD has been weak for a while and looks likely
to gain strength, Brexit headlines are now starting to hurt the GBP and we could see
further declines.
In this video update, we take a look at WTI as price has retraced back to the key $60.00 level.
With price holding a 50% fib confluence at this level we could expect the market to move
lower from here. The 4hr chart is highlighting a double top pattern and if price can break below
$58.00 we should see some further short selling enter the market.
In this video update, we take a look at silver as price forms a lower low on the 4hr chart. This allows
us to look for further shorting opportunities as the commodity recently rejected the key $16.00 resistance.
Looking for price to re-test the $15.40 structure lows before continuing lower towards $15.00 support.
In this video update, we take a look at the EURJPY price as it rejects the key weekly resistance.
The 4hr chart is highlighting a break lower and price could head towards the key support of 122.60.
Look for pullbacks on lower timeframes to trade within the higher timeframe trend.
In this video update, we take a look at our current position on USDCAD as price bounced from the
previous highs. The weekly timeframe suggested we are going to see further upside with a bounce from 1.3300.
Looking for price to continue higher towards our targets.
Yesterday the RBNZ announced that they had left rates unchanged at 1.75% however the next rate announcement
will likely be a rate cut. This sparked a bearish move on the kiwi across the board with the RBNZ taking a severely
dovish tone. Now price is back at the trendline support we could expect a retracement before a continued move lower
if we see a confirmed...
The nasdaq has provided us a short opportunity off the 4hr chart rejecting the key lows.
Look for short opportunities below the candle low, stops above the swing highs.
In this video update, we take a look at AUDNZD as price could be shifting trend. The reason being
the NZDUSD price is sitting at resistance and the AUDUSD price is catching a bid with room to the upside.
This could mean that price could change trend here especially with the AUDNZD price sitting at a key demand zone.
The 4hr chart is showing us a change in trend...
The NZDUSD could see some short-term downside as price sits at the trendline resistance highs.
Price has tried to break higher on a few occasions with no luck so far and with the USD looking likely to
continue to the $97.50 resistance we could see NZDUSD head back towards to the trendline support.
This market is in a consolidation pattern meaning that we must wait...
In this video update, we take a look at GBPAUD as price continues to consolidate at the key resistance zone.
The 4hr timeframe has formed a lower low and price could be forming a downtrend on this timeframe. A break
below the current lows will confirm the bears are in control and that further downside is more likely to the 0.7300
demand zone.
