In this video update, we take a look USDCAD with the potential of trading the daily retracement back to the key demand zone. The 1hr chart is forming a bearish pattern with the potential of a breakout heading towards the key 1.3330 support. We are waiting for the market to form a lower low before seeing further downside.
In this video update, we take a look at the AUDUSD as it found support back at the key demand zone 0.7050. Seasonally the value of the Australian Dollar increases through March and April significantly against its counterparts and with price finding support currently, we can expect prices to continue to push higher in the short-term. The 4hr chart currently looks...
In this video update, we take a look at the DXY to see how the USD is shaping up for the week ahead. Last weeks close was significantly bullish with price closing back into the $97.50 resistance. The daily chart shows price forming a bearish inside candle at the resistance and if we see any bearish pattern form here on the lower timeframes we could see the USD...
In this video update, we take a look at USDSGD as we identified a potential head and shoulders pattern forming. Price is now sitting at the neckline resistance and if we see positive US data today the neckline could be broken, leading to further upside.
In this video update, we take a look at EURUSD ahead of the NFP data due today. Price is finally breaking out of the tight weekly range and if we see a definitive close below, we can continue to look for short opportunities on this pair going forward. If the NFP data is softer than expected we could see a close back within the demand zone, with price action...
In this video update, we take a look at the Oil markets and how they are shaping up for another push higher. Brent crude offers a cleaner chart when comparing price action however they both show signs that the market remains bullish despite the recent consolidation. Wait for a bullish daily close before looking for continuation trades higher.
In this video update, we take a look at the USDCHF as it enters the key supply zone around 1.0050. Price is consolidating here on the 1hr chart and if we see a break lower and a close below 1.0030 sellers look likely to re-enter the market. NFP data Friday could reveal softer job numbers which will likely push the USD lower in line with the current dovish Fed members.
GOLD has been selling off of recent and looks to be running out of steam on the daily chart. The outlook right now for GOLD looks extremely bearish due to price action on the monthly, weekly and daily charts. However, if we want to get short on this market in-line with the trend, we need to see the market retrace back to a key resistance level. The previous...
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...
A brief explanation on the fundamental paradigms that actually drive the market.
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.
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.