In this video, we give an update to a trade we talked about a couple of days ago. We were looking for the market to bounce at the $1300.00 level and head towards the resistance at $1312.00. Price has broken towards our targets however we have to be aware of the FOMC meeting minutes this evening that could change the market sentiment. Look to reduce risk on this...
In this video update, we take a look at GBPUSD as we typically see the price rise through April. Currently, the price is consolidating on the daily chart however the 4hr shows potential higher highs forming if we can see the USD weaken. A break and close above the daily highs will give us opportunities to go long on a re-test of structure support.
In this video update, we look at the NZDUSD price as it sits back at the key demand zone. We could see some short-term strength here if the USD weakens significantly in the coming days. Price could head back to the middle of the range and we are looking for any signs of bullish price action like a double bottom pattern for example. If we see any 4hr cycle changes...
In this video, we take a look at the AUDUSD as price approaches the key resistance of 0.7170. The 4hr chart has formed higher highs, with previous structure offering support for further upside into the key resistance.
In this video update, we take a look at GOLD as price consolidates at the key support level whilst the USD Index finds resistance. A break and close above the key highs will see GOLD head towards the key resistance highs and trendline. Look for short-term buying opportunities over the coming days if the USD can break below the lows of $97.00.
In this video update, we take a look at the US Dollar Index in order to look for trading opportunities for the week ahead. The DXY is currently finding resistance at $97.70, with seasonality also highlighting a bearish month for the greenback, the price could head back towards the $96.00 support. The 4hr timeframe suggests we could see a change in cycle if the...
In this video update, we take a look at WTI OIL as the market printed a bearish doji candle. This could show us a sign that the market phase 1 is slowing down and could be forming a phase 2 correction. We are looking for the price to break the daily lows on the hourly chart for short trades on the re-test of the lows. Targets will be $60.00 and previous structure...
In this video update, we take a look at USDCHF as price rejects the key resistance level. The DXY is also at resistance offering us a potential opportunity for a short trade on USDCHF from the current 1hr lows back down into the minor demand zone.
few trades I was looking at that moved my way.
SORRY I USE THE WRONG TERM EARLY IN THE VIDEO THIS IS A SELL IN MY BOOK.
According to the technicals I have set price broke and is now currently retesting the broken bearish trend line.
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 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...
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 USDCAD and how the market could continue to push higher towards the key resistance. The weekly chart formed a strong bullish close off the key 1.3300 demand zone and with the Bank of Canada stalling their outlooks on growth we could see the Canadian Dollar weakness continue. The 4hr chart is forming higher highs and higher...
In this video update, we take a look at the USD as the greenback could be set to rise up towards the $97.50 highs. The reason being the 3 months and 1-year yields have inverted. When this has happened in the past a market crash has followed. In situations like this, we typically see the market run to safe haven currencies such as the JPY and USD.