In this video update, we take a look at the AUDUSD ahead of the GDP announcement. The RBA yesterday held interest rates, at 1.5%, this was likely to happen as reports suggested investors will be eyeing up the GDP release for last quarter. This data could have an impact on the RBA's decision to cut interest rates. Technically we need to keep an eye on the key...
In this video update, we take a look at the Dow Jones and how the chart could be setting up for a small correction back into the key support levels. The key weekly close gave us the opportunity to look for the short set up, if this had stayed bullish we would have expected a continuation going into this week.
In this video update, we take a look at the USD and how it could be shaping up for the week ahead. President Trump has claimed he wants to see a weaker USD so that he can form trade deals with countries, however, the market could ignore this as price action is suggesting a move back into $97.50. The monthly chart closed bullish which could suggest further upside...
In this video update, we take a look at GBPAUD and how the market could be forming a corrective move on the monthly chart with the price now back to key structure lows. If we see a bearish weekly rejection at this level we could see significant downside to come as previously highlighted. If price breaks higher above the 1.8800 zone our trade idea becomes invalid.
In this video update, we take a look at the Gold trade we placed on our telegram channel last night and how it can potentially find support from the $1315.00 minor support. USD gained some strength after the GDP came out as forecast at 2.6% for the final quarter. This pushed the price of Gold into our trigger point.
In this video update, we take a look at USDJPY on the monthly chart as we approach month end. Price is currently printing a bullish candle after finding support off 105.30. The daily chart is forming an uptrend and price is currently consolidating, if we see a break above the consolidation we can look for prices to continue higher.
In this video update, we take a look at the USD currency index (DXY) and how the price is finding support at the key $96.00 level with 38.2 Fibonacci confluence. If the daily chart finishes bullish here we could expect upside to continue with expectations of the major currency pairs being affected.
In this video update, we take a look at USDSGD and how the trade posted in our telegram is progressing. If the daily chart closes higher we can look for short term trades going forward on the 1hr chart. Wait for the daily close to look for pullbacks on to structure highs.
In this video update, we take a look at USDCAD as it rejected the key 1.3300 resistance last week. Expecting further downside to continue here on this market and looking for a pullback into the previous 4hr lows which holds a 50% fib retracement. A sell limit order may be appropriate here as the news may cause the market to spike into the key zone.
Yesterday we provided an update on gold with the potential for price to re-test the $1320 highs before continuing higher. Price on the 1hr chart formed a double bottom and price has since pushed higher forming a higher high. If the daily trend is going to continue we will expect to see price head towards the key $1350 resistance level.
In this video update, we take a look at how the USD is finishing for the week and with the 4hr continuing to look bearish we could expect a breakout of the current bearish pattern. If we do see price break lower we should see prices head towards the key support of $96.00.
In this video update, we discuss the current downturn in the AUDUSD as price breaks out of the bearish flag on the 4hr timeframe. China is potentially adding a ban on coal imports from Australia which has caused the sudden downturn in the AUD. With this breakout we could expect prices to re-test the key 0.7050 demand zone.
In this video update, we take a look USDNOK and how this market could benefit from any USD weakness. The weekly chart showed price rejecting a key resistance zone, looking to the 4hr chart we can see price is currently back at previous structure lows where we could see sellers re-enter the market.
In this video update, we take a look at EURUSD and how it could play out ahead of the FOMC meeting minutes this evening. The market is expecting the FOMC to continue to set a dovish tone and with that suggest rate increases or unlikely anytime soon. The 4hr chart is forming an uptrend and could see further upside if the weakness comes into play.
In this video update, we take a look at the Silver and the potential for the Weekly to re-enter the current uptrend. Metals are outperforming and look likely to continue to do so. The USD is under pressure with recent weak data which is helping the price of the metals push higher. Looking at the market technically the 4hr chart has printed a bullish engulfing...
In this video update, we take a look at EURUSD and how the pair could play out for the week. The Eurozone is showing slowdown and the USD data continues to be softer which means both currencies could be weaker this week. If that's the case then we are likely to see the market remain in a smaller range with breakout being the best indicator of direction in the short-term.
In this video update, we take a look at the AUDJPY trade and how it is progressing. We took the trade in our telegram channel as the 4hr chart showed price failing at the previous structure highs. Trade remains valid with targets set at 2:1.
In this video update, we take a look at cable and how it could see some short term strength into the key 1.2950. This is short-term analysis as we do expect GBPUSD prices to move lower as the Brexit deadline approaches.