Australia
AUDUSD- Long PositionAfter a long accumulation range which start in 2016, the Aussie moved higher until February 2018, then selling off into the buy zone at the end of 2018.
A nice large pin-bar on new years eve saw stops being run out , since then we have seen 2 buy pivots. Should see the Aussie trend higher, breaking the 2018 high, as the gold price moves in a strong up trend.
An entry on the daily chart is confirmed with a lagging line and price closing above the Ichimoku cloud.
VIDEO ANALYSIS: WHY EURAUD SHOULD BE ON YOUR WATCHLISTEURAUD 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.
VIDEO ANALYSIS: USD TO $95.00 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 downside continuation.
TRADE UPDATE: AUDUSD HEADING FOR WEEKLY TRENDLINEIn this video update, we take a deeper look into why we placed a trade on AUDUSD and how it is currently moving.
We took this trade on a trend following system after the 4hr chart formed higher highs. Looking for this trade
to continue to push into the weekly trendline.
Follow for more updates.
ANALYSIS: GOLD BACK INTO $1310 ZONEGOLD HAS BENEFITTING NICELY OFF THE BACK OF THE DECLINING USD.
HOWEVER, PRICE IS BACK INTO THE MARCH 2018 LOWS WHERE PRICE HAS FOUND RESISTANCE BEFORE.
SEASONALITY SHOWS THAT GOLD PRICES TYPICALLY RISE UNTIL THE END OF FEBRUARY, IF PRICE
CAN HOLD ABOVE $1320 THE UPTREND SHOULD CONTINUE INTO THE $1350 RESISTANCE.
ANALYSIS: USDCAD TO FALLUSDCAD HAS RECENTLY BROKEN OUT OF A BEARISH FLAG PATTERN AND LOOKS TO CONTINUE ITS MOVE LOWER.
1.3300 REMAINS A KEY RESISTANCE ZONE WITH A DAILY 38.2 FIBONACCI RETRACEMENT CONFLUENCE.
IF PRICE CAN PUSH BACK INTO THAT LEVEL AND FORM BEARISH PRICE ACTION WE SHOULD SEE USDCAD HEAD
LOWER TOWARDS THE NEXT MAJOR SUPPORT.
ANALYSIS: EURGBP TO BREAK 0.8620 LOWS AFTER BREXIT VOTE?EURGBP HAS BEEN SELLING OFF DUE TO THE SIGNIFICANT STRENGTH IN THE GBP OF LATE.
TODAYS SEES THE VOTE ON A NEW BREXIT DEAL AND IF ANY POSITIVE NEWS COMES OUT
OF THIS CURRENT DEAL WE SHOULD SEE GBP STRENGTH CONTINUE WITH A BREAK OF
THE 0.8620 LOWS.
IF PRICE DOES BREAK LOWER LOOK FOR THIS MARKET TO CONTINUE LOWER, ESPECIALLY IF
GBPUSD BREAK THE 1.3300 HIGHS.
ANY NEGATIVE NEWS HERE WILL PUSH PRICES BACK INTO THE LONG TERM RANGE ON EURGBP.
AUDCAD DOWNSIDE POTENTIAL: VIDEO ANALYSISIN THIS VIDEO, WE TAKE A LOOK AT AUDCAD AND THE POTENTIAL FOR FURTHER DOWNSIDE.
PRICE IS TRENDING LOWER ON THE WEEKLY, DAILY AND NOW THE 4HR CHART.
COMBING THE TIMEFRAMES WE HIGHLIGHT AN AREA OF RESISTANCE WHERE PRICE COULD
MOVE LOWER FROM MOVING INTO NEXT WEEKS TRADING.
AUDJPY POTENTIAL DOWNSIDE CONTINUATION: VIDEO ANALYSISIN THIS VIDEO, WE TAKE A LOOK AT AUDJPY. WHY WE TOOK A SHORT,
HOW WE ARE MANAGING THE SHORT AND WHAT COULD HAPPEN NEXT.
PRICE CAME INTO THE KEY RESISTANCE AND FORMED A BEARISH DOJI CANDLE, HIGHLIGHTING
POTENTIAL DOWNSIDE. 4HR CHART HAS FORMED A HEAD AND SHOULDERS PATTERN SHOWING
A CHANGE IN CYCLE.
AUDJPY 4HR HEAD AND SHOULDERS PATTERN: ANALYSISAUDJPY HAS RECENTLY ENTERED A KEY RESISTANCE LEVEL AND PRICE LOOKED TO HAVE REJECTED ON THE DAILY
CHART LEADING US TO SELL THIS MARKET. LOOKING AT THE 4HR SHART WE CAN SEE A POTENTIAL 4HR
HEAD AND SHOULDERS PATTERN FORMING. IF PRICE CAN PUSH THROUGH THE NECKLINE LOWS
AND CLOSE BELOW, WE CAN LOOK FOR FURTHER SHORT OPPORTUNITIES ON THIS PAIR.
EURNZD PULLBACK BEFORE CONTINUATION: ANALYSISEURNZD LOOKS TO BE CONTINUING ON IT'S PATH LOWER AND PRICE IS CURRENTLY TESTING THE
WEEKLY LOWS. WE WOULD LIKE TO SEE THE MARKET PULLBACK BEFORE GETTING INVOLVED, PRICE
HAS A MINOR RESISTANCE AT 1.6800 WITH 61.8 FIB CONFLUENCE. IF PRICE FINDS RESISTANCE HERE WE COULD
SEE PRICE MOVE LOWER DOWN INTO THE KEY SUPPORT OF 1.6570.
USDSGD POTENTIAL HEAD AND SHOULDERS PATTERN: ANALYSIS USDSGD HAS APPROACHED A KEY RESISTANCE LEVEL AND THE 1HR CHART
IS POTENTIALLY FORMING A HEAD AND SHOULDERS PATTERN.
TYPICALLY, WHEN YOU SEE THESE PATTERNS AT KEY RESISTANCE ZONES
WE ARE LIKELY TO SEE A REVERSAL. IF PRICE CAN BREAK AND CLOSE THROUGH THE
NECKLINE WE CAN LOOK FOR SHORT OPPORTUNITIES.