In this video update, we take a look at our current open positions to give an update of where we are at. EURAUD has moved significantly towards targets as well as AUDJPY. The daily timeframe suggested the AUD was going to weaken and we are seeing that play out at the moment. USDNOK remains bearish and was close to targets before rebounding, looking for the...
The USD looks likely to move lower across multiple pairs and in this video we highlight the currency pairs of interest. USDCAD is high on our watchlist as well as USDNOK and USDSGD as these currency pairs are lining up technically with our bias.
In this video update, we take a look at USDNOK as price sits at a key supply zone. The USD Index highlights the potential weakness to come in the USD and with Crude oil prices stabilising after the recent inventories we could see this market trade within the range. Technically the daily candle is showing a false breakout. The 4hr timeframe also shows price forming...
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.
USDNOK looks likely to continue lower after forming a head and shoulders pattern on the 4hr chart. The weekly chart is in an uptrend however price has recently tested a key area of resistance. With the USD weakness combined with stabilizing oil prices, the NOK could see further upside pushing this chart lower. If price retraces to the head and shoulders neckline...
In today's video breakdown we again look at USDNOK and assess how the market has been moving and how we would look to trade this with the anticipation of this market moving higher into the key resistance zone.
In this video we explain how the USDNOK pair could move lower into the key support zone of 8.3000. The market is back into a key weekly trendline resistance and looks to be rejecting with the 4hr timeframe breaking a key supporting trendline. Looking for shorting opportunities on the re-test of structure making stops are above key highs.