In this video update, we take a look at GBPJPY as the price is approaching the key resistance level.
Recently Prime Minister Boris Johnson announced on Twitter that the UK and EU have come to some form
of an agreement in which the deal is fair for the UK and the EU. However, Boris Johnson has now got to take
this deal into Parliament where ministers will vote to...
EURUSD has come to our attention because of the USD Index rejecting the highs. As we know the USD Index
is weighted heavily to the Euro and if the price moves lower here we should see EURUSD prices move higher.
The 4hr timeframe is highlighting an inverse head and shoulders pattern forming and if we were to see the pattern
complete with a neckline break and...
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...
Using our Elliott Wave Indicator Suite for the TradingView platform we have identified this potential long day trading opportunity on EURUSD (5 min timeframe).
Wave 4 has pulled back into the amber zone of our probability pull back zones, which represent an 80% probability the price will go on an hit our Automated target zone , in blue on the chart. Our Elliott...
USDJPY on the weekly timeframe could be about to break out of the inverse head and shoulders
that are forming due to the risk-on sentiment we are seeing. When we spoke of this pair previously
we expected the market to find support at the key 106.00 zones with targets of 109.00.
If the market breaks the neckline resistance expect to see 109.00 tested and if the...
In this video update, we take a look at the price of silver as we could see the uptrend continue.
The USD is weakening which will only support higher prices and with the weekly chart showing a rejection'
of the key demand zone, we could see this market break towards the $20.00 resistance.
In this video update, we take a look at NZDCAD as the price could be prepared to move over 1000 pips back
into the range highs. The strength and weakness table suggest that the New Zealand Dollar is gaining strength
and the Canadian Dollar is weakening. Technically the monthly timeframe shows price back at the key lows
where we could see price move higher from.
In this video update, we take a look at the stock markets and in particular the Dax.
Price is approaching the inverse head and shoulders neckline once again where price could
find support. Look for bullish price action here for a long opportunity into the daily lows.
In this video update, we take look at AUDUSD as we expect to see further downside from this market
as the RBA remains dovish on the Australian economy. With price approaching the lows we could expect to see
a pullback where we will look for further short opportunities.
In this video update, we take a look at the Swiss Franc and the potential for this currency to continue to weaken.
The commitment of trader reports highlighted a significant increase to short contracts on the swiss franc adding weight to
the current sell-off we are seeing. We will look to sell the weaker currency against stronger counterparts such as the USD.
GBPAUD Technical Analysis for the upcoming week.
1. The price level has reached a strong support level, but it didnt take much time to test the level.
2. The price has gone below the support level.
3. From the Daily Chart, clearly shown an upward Trend. So the price may test that upward trend line.
4. So for now I'm taking a Sell and Take Profit as to touch...
Yesterday we spoke of USDJPY rejecting the demand zone and if price closed bullish we could look
for intraday opportunities. In this video, we take a look at the 1hr timeframe and point out a couple of
opportunities we could take advantage of. Look for targets at the swing highs and the key levels.
EURGBP has found support at the weekly breakout highs and with GBP likely to continue to weaken
we could see a rally in prices. If we see a daily bullish close we can look for intraday long opportunities
into the previous daily lows.
The weekly timeframe on the GBPUSD shows price forming a bearish doji at the key lows
and resistance. The last time we had a commitment of trader signal we saw the weekly
timeframe form an inverse head and shoulders at the key lows which we could see form again.
In this video update, we take a look at our current open positions to give an update of where we are at.
EURAUD has moved significantly towards targets as well as AUDJPY.
The daily timeframe suggested the AUD was going to weaken and we are seeing that play out at the moment.
USDNOK remains bearish and was close to targets before rebounding, looking for the...
Will today finally bring some direction to the USD?
The federal reserve is set to cut interest rates by 0.25%, but the language they use will be more important.
If the fed decide to be more aggressive with future rate cuts we may see the USD weaken significantly.
Even if the fed use hawkish comments we are likely to see President Donald Trump try to continue...