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.
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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.
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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.
In this video update, we take a look at how the NZDUSD is finishing this week. We expected the NZD to benefit from the potential USD weakness this week and it rallied significantly. If the market remains bullish we expect further upside next week as long as the USD can continue to move lower. This along with the AUD will be under pressure as the trade war...
USD has strengthened today after Fed chairman Powell spoke and said the comments from other Fed members was exaggerated. He then went on to comment about the reduction in trade balance sheets pushing the USD higher. EURUSD looks likely to close below the 1.1500 level and if the market does so, we could see a further sell-off to the currency pair.
In this video update, we take a quick look at the DXY and how the USD is shaping up after closing below a key support zone. If price continues to fall EURUSD should break and close above the 1.1500 level confirming a move higher. Keep an eye on the 4hr chart here as it may pullback to the key support zone before moving any lower.
Let’s talk a bit about USD. December job report has been strong with the US economy adding the most jobs since February. However, an increase in average hourly earnings won’t be enough to keep the dollar strong this year. Yes, over the short-term, we will see a rally in USD, but over a long-term dollar will dive. We expect 2 rate hikes this year. In recent...
In this video update, we discuss the recent move on the DXY as we have seen the index break out of a key range between 97.50 and 96.20. With the decline in the Bond market, it begs the question, will the USD follow suit? Typically, when the 10 and 30 yr US bonds decline the USD follows over time and those markets have dropped significantly through December. If...