In this video update, we take a look at USDCHF and look at how the potential USD weakness could affect this market. We expect low liquidy now until the new year so we could see this market just move sideways at the key support until the new year or anything significant happens.
CADJPY has been sinking lower due to poor data and BoC Poloz playing down interest rate hikes. We looked previously at a short opportunity at the minor resistance and now price has taken out the key weekly support we expect this to act as resistance with likely targets of 80.65.
We have been looking for USD weakness for a while now due to the current situation in the Bond Market. There was risk to the upside however if the FOMC were hawkish the USD could have spiked further. But despite them mentioning gradual rate hikes, they were focused on data and monitoring inflation which is under the current 2% targets. This has seen the USD fall...
GBPUSD has been a chart of interest for a while and downside looks likely when taking price action into consideration only. However, with the FOMC interest rate decision tonight this chart could look very different by the end of the day. If the FED disappoint and look to slow down the rate in which they continue to hike interest rates we could see GBP back above...
In this video update, we take a look at USDSGD and how it is trading between to key significant levels. Price action suggests we are going to see further declines in this market and the 4hr chart is starting to move lower in line with the daily price action. The minor resistance level highlighted in the video would be a likely area for the market to find resistance again.
In this video, we look at a trend continuation trade on NZDCAD daily chart. Looking at the daily chart we can see a clear uptrend with price forming higher highs and higher lows. Price has now retraced to the previous structure highs and bullish moving averages. Yesterday's candle printed as a bullish inside candle which typically leads to a breakout.
In this video, we discuss what we need to see from the USD going into the FOMC meeting tomorrow. We are expected to see a hike of 0.25% which typically does see investment into the currency. However, we feel the FOMC may disappoint with the statement on future rate hikes. If this happens we need to see the USD break below the trendline support and zone support of...
GOLD seasonally moves higher throughout December and if the FOMC disappoint after hiking rates on Wednesday we could see prices rally in line with the seasonal move. Price is currently sitting at previous structure highs and 20EMA where we could see a further impulse leg. The market may be subdued until the announcement so patience will be required here. Looking...
In this video update, we discuss the potential for further downside for the AUDUSD, especially after the poor GDP report. The market last week formed a bearish flag pattern and broke out on Friday. If we are to see further selling pressure the market will likely head towards the key support level of 0.7050.
In this video update, we talk about the EURUSD breaking out of a longer-term wedge pattern. This could be the early indication that the USD strength could move into the market. Typically, through December the EURO has it's best month however with the current political problems with Brexit, we could see the seasonal patterns lost this year.
In this video update, we look at how the USD has performed this week and what could happen leading into next week. USD is currently still sitting in the wedge pattern and looks likely to break higher despite the current situation in the Bond market. If we do see a clear close above the highs expect the market to continue higher.
EUR/USD is currently situated between 1.1400 and 1.1340s. A break below this range could led to further downside price action. As of now, Euro stands still awaiting a confirmation to the downside. EURUSD FXE
In this video update, we take a look at GBPUSD. The UK Parliment is voting on the current Brexit deal proposed by PM May and it is likely that she will lose the vote. If this happens then the likelihood of a no deal increases and with that so does the ongoing uncertainty.
In this video update, we take a look at the DXY and plan for the week ahead. We like to analyse this on a Monday to help gauge the strength or weakness of the greenback and where we can best position ourselves around it. President Trump is questioning himself as to why the stock markets are falling and is it his fault. Trump wants a weaker dollar and higher stock...
In this video update, we take a look at the DXY. We expect downside here however if we do see a shock in the numbers the $97.00 resistance that the market has struggled to get above of recent could be broken. The numbers are forecast to be slightly softer, as well as the US Bond market selling off, the USD could be in for a decline.
Looking at the EURNZD pair, daily chart we can see the current downtrend in play. Seasonally, EURO has it's best performing month in December however, NZD longs still look in play as it heads towards the 0.7000 level. Technically this looks good for trend continuation and if we do see bearish price action here we could anticipate another impulse move lower.
In today's first video update, we take a look at USDJPY as the markets move from risk on to risk off the with safe haven currency taking hold of the market this week. NFP numbers are expected to be a bit softer and if we see a decline in jobs and the averages hourly earnings we could expect a further drop in the price of USDJPY.
In another video update, we take a look at the current situation with the SPX500 and if we are to see more downside how we can take advantage of it.