GBPUSD is back to 1.3000 again so we need to ask ourselves the question, break or bounce?
If price holds here we could see price move higher, if price breaks and closes below 1.3000 then we can expect
further downside from the GBP. Wait for the market to confirm a direction before trading this zone.
EURAUD continues to fail to break below the key quarterly lows suggesting we could see a bounce back
towards the key lows at 1.5900. Typically, when we see this 'tennis ball' effect, where the market tests
the market lows multiple times in a short time, we see a rejection. We could look to long this market
with stops below the key daily lows.
In this video update, we take a look at the end of day trade we placed on our telegram channel.
USDCHF has been moving towards the yearly highs for some time now as the Swiss Franc weakens.
Typically, when a market tests a yearly high, we do see a reaction from the level, which we are anticipating
to be lower on this pair. If we do see a daily bearish close here,...
Yesterday we discussed the weakness of the Swiss Franc and USDCHF continues to push higher. The highs at
1.0125 offers a good area to look for short opportunities as the price will be at an extreme level. ATR suggests
using a stop of 42 pips and if price falls back to the key demand area, we could 5x our risk with this trade.
As we can see the Nasdaq broke through the all-time highs at 7702.50 this session.
But will price break highs or bounce?
Looking at the price currently, we are seeing a rejection of the all-time highs.
If the daily candle closes bearish, we could see downside to the previous highs at 7509.20.
A break and close above the all-time highs could see significant upside.
In this video update, we take a look at gold as we may have seen a false breakout at a key demand zone.
The 4hr chart is highlighting a potential double bottom pattern and if price closes back within the previous
candlestick range we could look for Gold to push higher towards $1300 again. This is an aggressive outlook
as Gold is bearish currently and the sentiment...
In this video update, we take a look at EURCHF as price re-test the key structure highs.
The Swiss franc has been weak recently and could be looking to gain strength short-term.
On the 1hr timeframe, we can look for opportunities short if price can fail to break the current highs.
This gives us a good risk to reward trading opportunity if we see the false break out.
EURUSD is currently capped by the key 1.1300 support as well as the 61.8 Fibonacci retracement.
With the USD Index struggling to get above $97.00 and could break lower, leading to upside in this market.
Look for long opportunities with targets up at the 127.2 Fib extension.
The weekly chart remained bullish on NZDJPY giving us further trading opportunities higher.
The daily chart offered us support at 75.50 and with price forming a double bottom pattern on the 1hr chart,
we can look for a re-test of the neckline before moving higher. Make sure stops are below lows and target
the range highs.
Silver has recently tested the key 14.90 demand zone. With our bias of USD short, we could see our precious metals rise.
The Daily chart is currently forming a bullish pin candle from the support, we could look to enter on a 50% retracement of the
daily candle stops below the lows and targets the key highs at 15.30.
In this video update, we take a look at NZDUSD as price looks likely to move lower in line with the US Dollar Index.
If the Dollar Index finds resistance at $97.00 we can look for long opportunities on NZDUSD. Apply this method to your
trades and you may find it helps in your decision making.
The weekly chart closed bearish on the USD index and that sentiment is likely to continue with seasonality favoring shorts also.
The 4hr chart shows price working within a wedge pattern, and we expect the price to re-test the upper resistance of the pattern before
seeing further downside. We will be looking at bearish price action at $97.00 to short the USD across...
Recently we have seen the dow jones break and form new daily highs. We expect this to continue
with price heading into the all-time highs resistance. The previous daily highs could offer us
a decent support area and if price re-tests the highs we can look for a long opportunity.
In this video update, we take a look at AUDJPY as we anticipated the breakout higher.
Finally, we can see that the price has achieved this and we are likely to get a confirmed close above the range.
Looking at the weekly chart, we can expect this market to continue to rally to the next resistance point
In this video update, we take a look at the swing trading opportunity we identified in yesterdays youtube video.
We are expecting the price to continue to move higher after finding support. As it is a Friday you can look
to manage the trade in accordance with your own trading plan.
WTI is currently rejecting the key resistance level of $64.00. If the 4hr can break and close below
the lows we could see further downside to the commodity. If we get a clear close
below, look for the market to re-test the structure lows for continued short opportunities
to the $60.00 support.
In this video update we take a look at USDJPY as price finds support at 111.00.
With the break of the daily highs, we can assume price is heading towards the key 112.00 resistance.
A pullback into the structure highs will give us an opportunity to go long and target the key resistance.
In this video update we take a look at NZDUSD again as price is back at the key demand zone.
We highlighted this in a previous post and with the potential inverse head and shoulders forming we can
look for upside in the market back to the middle of the range.