EURUSD Long USDCAD Short NZDUSD Short AUDUSD Short GBPUSD Long EURGBP Short
In this video update, we take a look at NZDUSD potential to break the key 0.6700 level and head up to the key 0.6920 highs. The CoT reports show that long contracts continue to increase at current levels suggesting further upside is likely. Wait for a confirmed higher high before looking for any trading opportunities.
NZDCHF looks to be forming an inverse head and shoulder pattern at a monthly demand zone. Price on the monthly chart suggests we could be seeing a higher low and that higher prices could be likely. The CHF is getting weaker of recent and could continue here.
I've opted not to enter NZDUSD on any time frame greater than 1H (at this point in time). I think and important part of trading is about deciding when to jump in and when not to. There may be opportunities on 15 min time frame, which I'll be tracking.
In this video, we take a look at NZDCAD as price rejects the key demand zone. NZDUSD is currently at support and despite the recent USD strength is holding at the level. USDCAD is trading back above 1.3400 highlighting the weakness in the Canadian dollar. Looking to this chart we could see a swing trading opportunity from the current levels to the key resistance.
In this video update, we take a look at NZDUSD as we expect the price to test the 0.6700 resistance. The CoT reports highlighted an increase in long contracts this week showing us the commercials are happy to buy at these levels. The 4hr timeframe has highlighted a minor demand zone around 0.6600 where the price could find buyers.
NZDJPY has been high on our watchlist for a long opportunity for some time now. The 4hr chart is starting to form a higher high and a higher low and is set up for a swing trading opportunity.
In this video update, we are taking a look at NZDUSD as the price is breaking into new highs on the daily timeframe. Now that price is breaking higher we can look for potential add in trades on the lower timeframes. We already hold a position on the daily timeframe from the initial bullish engulfing candle. We are expecting price to test the April highs around 0.6700.
A market breakdown including DXY, EURUSD, GBPUSD, USDCAD, AUDUSD, GOLD and GUPPY
Market breakdown covering the DXY, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, GBPJPY, XAUUSD
A quick breakdown of what i'm looking at at the moment including dxy, eurusd, gbpusd, nzdusd, audusd and gold.
In this video update, we take a look at the currency pairs high on our watchlist. We have previously looked at the New Zealand Dollar as we are expecting to see some strength from the currency. We take a look at NZDUSD, EURNZD, NZDCHF, and NZDJPY.
In this video update, we discuss a potential swing trading opportunity on the Daily timeframe. We spoke about this market last week as price tested the key resistance. We are looking for a bearish rejection candle from the resistance in order to get short here. Looking at the lower timeframes we can expect the price to break the wedge pattern. If we see a clear...
In this update, we take a look at NZDJPY as price finds support at the key demand zone. The RBNZ did cut rates yesterday but stated that they don't see any further cuts in the near term. This not so dovish outlook saw the price recover quickly from its earlier lows. Technically, we are looking for price to form a double bottom pattern before getting long.
In this video update, we take a look at NZDUSD as we expect the RBNZ to cut interest rates. If the RBNZ continues to be dovish and talk of future rate cuts we could see the market test the key lows at 0.64500. In these situations, we often see a reversal as the bigger players could have priced in the rate cut. Price is testing the yearly lows currently and...
Have a great day all