BlueberryMarkets

BlueberryMarkets

With the USD expected to fall we look to the USD crosses for short opportunities. We have already had one great trade on USDSGD last month and it has lined up again for another short opportunity. The reason we expect USD to fall is due to the current downside of the US Government Bonds. The prices of the Bonds are falling and this can show a lack of investment in...

BlueberryMarkets

FTSE looks set for further downside technically despite the current bid we are seeing due to PM May currently being supported by MP's. However, the actual vote does not take place until this evening and could be a very different story by 5pm GMT. If we see bearish price action at the resistance we could look for further downside to come in this market.

BlueberryMarkets

Similarly to the AUDCAD set up, AUDCHF has changed cycle on the Daily chart. The moving averages have crossed bearish and the market looks set to re-test the averages and key 61.8 fib retracement. If we see bearish price action here we can look for further short trades in line with trend.

BlueberryMarkets

AUDCAD has been on our radar for a few reasons. AUD GDP Report was poor and put doubt in the mind of investors whether the RBA could hike rates at all. We are also seeing CAD gain strength off the back of the current decision for Opec to cut oil production to help struggling oil prices. The daily timeframe is potentially forming a head and shoulders pattern with...

BlueberryMarkets

NZDJPY has been a good market to trade for us this year and we are seeing a solid uptrend forming with the market forming higher highs and higher lows. The market has formed a bullish engulfing candle off the 20ema giving us a strong indication that the market could move higher from here.

BlueberryMarkets

For the same reasons to short the GBPNZD market, we have here for GBPAUD. The market has been trading between the key resistance of 1.7750 and key support of 1.7280. If we see bearish price action here at the moving averages look for short opportunities into the key support level.

BlueberryMarkets

Yesterday PM May deferred the vote on Brexit in Parliament that was meant to take place today so she can discuss the current draft agreement with the EU again. She was highly unlikely to win the vote regardless and the markets took this news negatively. Looking at the GBP pairs we have an opportunity to continue to trade this currency lower and GBPNZD looks good...

BlueberryMarkets

EURUSD has been holding nicely above the key 1.1300 and with the potential for further USD weakness combined with strong Euro seasonal patterns, a move into the key resistance of 1.1780 could be likely. Looking at the 4hr timeframe on the right-hand side we have seen a close above the previous significant highs and price is currently testing the moving averages....

02:52

BlueberryMarkets

In this video update, we take a look at GBPUSD. The UK Parliment is voting on the current Brexit deal proposed by PM May and it is likely that she will lose the vote. If this happens then the likelihood of a no deal increases and with that so does the ongoing uncertainty.

02:36

BlueberryMarkets

In this video update, we take a look at the DXY and plan for the week ahead. We like to analyse this on a Monday to help gauge the strength or weakness of the greenback and where we can best position ourselves around it. President Trump is questioning himself as to why the stock markets are falling and is it his fault. Trump wants a weaker dollar and higher stock...

01:19

BlueberryMarkets

In this video update, we take a look at the DXY. We expect downside here however if we do see a shock in the numbers the $97.00 resistance that the market has struggled to get above of recent could be broken. The numbers are forecast to be slightly softer, as well as the US Bond market selling off, the USD could be in for a decline.

01:55

BlueberryMarkets

Looking at the EURNZD pair, daily chart we can see the current downtrend in play. Seasonally, EURO has it's best performing month in December however, NZD longs still look in play as it heads towards the 0.7000 level. Technically this looks good for trend continuation and if we do see bearish price action here we could anticipate another impulse move lower.

02:06

BlueberryMarkets

In today's first video update, we take a look at USDJPY as the markets move from risk on to risk off the with safe haven currency taking hold of the market this week. NFP numbers are expected to be a bit softer and if we see a decline in jobs and the averages hourly earnings we could expect a further drop in the price of USDJPY.

BlueberryMarkets Updated 

NZDUSD has retraced back the previous daily structure highs, now we will be looking for long opportunities if the 4hr chart can fall in line with the higher timeframe by forming a double bottom pattern or some kind of bullish price action. We will be looking for targets up at the 7.000 resistance.

BlueberryMarkets

The NIKKEI is seeing significant downside largely due to the current strength of the JPY. With the outflow from the stock indicies to the safe havens, we should see further downside to the key support of 20240.00. Look for continuation trades on the lower timeframes.

BlueberryMarkets

We have been looking for for this market to move lower from the key resistance of 0.7570, with the BOC holding interest rates at 1.75% we saw the market move significantly lower taking at the previous daily structure lows. Currently, price is sitting at the daily 127.2 extension where we could see some short-term support before seeing a continuation down the...

03:47

BlueberryMarkets

In another video update, we take a look at the current situation with the SPX500 and if we are to see more downside how we can take advantage of it.

03:12

BlueberryMarkets

In today's video update, we take a look at GOLD and how money seems to be flowing into the safe haven.