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.
HAPPY WEDNESDAY TRADERS! Breaking down my current live trade with USOil and what Im seeing from a TOP DOWN Analysis... Very key. Hope this insight helps with your Oil markups and trading. If it does, leave a lik, leave a comment and lets all win together (: Also FOLLOW my GRAM for more (: IG: @issdrake
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 breakdown I show you how to catch massive moves in the market, primarily in cryptocurrency pairs. Questions? Comment or DM me on Instagram @jaketradess and I will get back to you asap!
The USD continued to move higher this week after breaking through a trendline resistance level. Price found support at the $95.00 level and seasonality shows the USD typically gains through February to March. If we see price re-test the $96.00 level we can look for continued long opportunities into the key resistance of $97.60.
EURAUD is seeing further selling pressure as the eurozone economic growth is slowing combined with advanced trade talks between China and US supporting AUD strength. Price is currently breaking through a key support zone, if price can hold below this level we can look for further downside.
In this video update, we take a look at the DXY and how the USD is shaping up after the latest FOMC release yesterday. Fed Chairman Powell took a dovish stance in the press conference suggesting rate hikes are on pause for now and that they are continuing to focus on the data. With the large move yesterday we should expect a retracement of some kind before any...
IN THIS VIDEO UPDATE, WE TAKE A LOOK AT THE EURUSD AND HOW IT COULD PLAY OUT IN THE COMING WEEKS. PRICE IS CURRENTLY FORMING A BEARISH WEDGE PATTERN WITH A HIGH PROBABILITY OF A BREAKOUT TO THE DOWNSIDE. A BREAK WILL SEE SELLERS ENTER THE MARKET WITH THE TARGETS BEING THE 1.618 FIB EXTENSION HIGHLIGHTING A SUPPORT AREA.
IN THIS VIDEO UPDATE, WE TAKE A LOOK AT THE USD AND HOW IT MAY BE SHAPING UP FOR THE WEEK AHEAD. LAST WEEKS CANDLE FINISHED AS A STRONG BULLISH CONTINUATION CANDLE AND WITH PRICE FORMING HIGHER HIGHS AND HIGHER LOWS THIS MOVE COULD CONTINUE BACK INTO THE PREVIOUS WEEKLY HIGHS OF $97.50.
USD has started to stall around the $96.00 area and with the US government shutdown continuing we could start to see the effects roll over to the USD. If we see bearish price action here we could look for further USD shorts as price continues to make lower lows and lower highs in line with the downtrend.