In this video update, we take a look at AUDCAD as the price forms a bullish rejection of the demand zone
on the monthly timeframe. We break down the timeframe in order to look for a long opportunity on the
4hr timeframe.
Silver is back a the key weekly demand zone again where we could see buyers step back into the market.
The RSI hasn't gone oversold so we could see the price test the lower prices of the demand zone before
seeing a long opportunity form.
In this video update, we take a look at USDJPY as the price continues to remain stuck at the key 109.00 resistance.
Strength and weakness tables suggest the JPY is weak along with seasonal patterns giving us a short JPY bias.
This means that the price is more likely to break above the support than hold.
In this video update, we take a look at Brent Crude Oil as the price looks likely to begin a new
phase on the monthly timeframe. The monthly candlestick high has already been taken out suggesting
we could see some further upside to come.
Technically we would want to see the daily candles close above the recent daily highs for the market
to then use as support...
AUDJPY is approaching the key weekly trendline resistance and the RSI is showing the
potential for triple bearish divergence. If the price forms a higher high and re-tests the
trendline resistance with the RSI rejecting the trendline on the indicator we can expect
to see a reversal from the resistance.
NZDUSD is currently finding resistance at the key resistance level where the price tested recently.
The failure to break and close above the previous swing highs suggests the buying momentum is falling
short and we should expect a move back into the support lows.
AUDUSD is re-testing the 10th July lows where the price could move lower from.
The RSI being in an overbought condition adds confluence to the potential move lower.
Short-term support rests at 0.6870 however we could see a further drop to the lows at 0.6820.
GBPCAD could move lower from the current level as the price rejected the weekly resistance level again.
The RSI indicator highlights the price being overbought at this key level which adds confluence to the potential
move into the daily lows where the price will likely find support.
EURCHF could be forming a trend continuation move after retesting weekly resistance.
We could see the bearish weekly trend continue from here and the 1hr timeframe is forming
lower lows and lower highs.
If the price retraces back to the recent lows at 1.1017 we could look for bearish opportunities
down to the weekly support of 1.0970.
In this video update, we take a look at Gold as the price is approaching the key $1520.00 highs.
Recently the stock markets have found resistance seeing investors move back from a risk-on sentiment
to a risk-off sentiment with the safe havens gaining value. If Gold can break and close above
the $1520.00 level we could look for long opportunities into the weekly...
GBPUSD weekly chart recently rejected the key 1.3000 level.
The price is currently holding above the 1.2800 weekly candle lows and if the price
breaks below this level we could anticipate a move down to the 1.2580 highs.
In this video update, we talk about the USD and what we expect to see ahead
of the FOMC rate statement this evening. The Fed is likely to cut rates by 0.25% and
if they continue to discuss further easing we could see the USD weakness continue.
USDCHF could be on the way lower after the price broken through the daily low.
If the daily candle closes bearish we could look for the USD weakness to continue.
Recently the pair broke out of the trendline support of the range which could
lead to further downside. Now the price has retraced back towards the breakout
lows where we expect to see resistance hold.
EURUSD has re-tested the key support level and is potentially forming a double bottom pattern
on the 4hr timeframe. We could look to enter above the candle high with stops below the key level.
Targets would be the current swing highs.
Similarly to the AUDJPY pair price is currently re-test daily highs where we could
see buyers re-enter the market. Price is breaking out of the trendline resistance and if we see
the minor uptrend continue the key highs at 0.6880 will likely be tested once again.
In this video update, we take a look at our chart to watch this week in AUDJPY.
Fundamentals:
Trade talks between the US and China have been positive suggesting a move to a risk on market with safe havens selling.
The BOJ is talking of moving rates further into the negative in a bid to devalue the JPY.
Technicals:
The monthly timeframe is bullish bouncing from...
EURGBP is testing a key double bottom neckline that formed back in May.
Typically this zone will act as support with the price likely to retrace back to the key
weekly lows.
The support zone is supported by the 127.2 Fib extension suggesting the move is overextended.
In this video update, we take a look at NZDUSD as we expect to see further upside
to the currency pair in the bigger picture. However, the price has come up to a key resistance
level where we could see price retrace from. Recently price has broken out of an inverse head
and shoulders pattern and we should expect the price to retrace back to the neckline for a long...
