Blueberrymarkets
VIDEO ANALYSIS: USDCAD BREAKS LONG TERM WEDGEIn this video update, we take a look at USDCAD as the price has broken through longer-term trendline support.
Recently we saw USD weakness come into play and the Canadian Dollar benefitted massively. We expect this
decline to continue and a re-test of 1.3300 will be ideal in order to look for further shorting opportunities.
NZDUSD 0.6700 BY THE END OF THE WEEKIn this video update, we take a look at NZDUSD as we expect the price to test the 0.6700 resistance.
The CoT reports highlighted an increase in long contracts this week showing us the commercials are happy
to buy at these levels. The 4hr timeframe has highlighted a minor demand zone around 0.6600 where the
price could find buyers.
WHAT TO EXPECT FROM NON-FARM PAYROLLIn this video update, we take a look at the USD Index ahead of the non-farm payroll announcement.
If we see the average hourly wages increase and jobs stay around 180-200k a rise back into the
lows of 97.50.
A shortfall here will see the USD sell-off continue and a break below the weekly lows will bring
a long term slump to the USD.
USDCAD TO REMAIN IN THE RANGE?USDCAD has remained in the range for some time now as USD remains weak and so does CAD.
The range is capped by the key low and the key high and if the price remains in the range we can
expect to see the highs tested again. If the USD index breaks the weekly trendline however
we could see a break of the range lower and move back to 1.3300.
GOLD WILL BREAK $1350.00Our last post on Gold highlighted the break towards the key resistance around $1350.00.
The Gold price has continued north with no sign of a significant pullback. With the USD expected
to fall further Gold prices may retrace back into the minor demand zone around $1310-$1300.
A break of $1350 looks likely and if this happens $1375 highs will be next.
VIDEO ANALYSIS: XAGUSD TO $16.00In this video update, we break down why we looked for Silver longs in our telegram group.
Price has formed a higher high on the daily chart after breaking through trendline resistance.
The CoT reports show commercials buying around these prices indicating a potential reversal.
EURUSD LONGS ABOVE 1.1215EURUSD is the inverse of the USD Index, and with price finding resistance, EURUSD has
found support at 1.1126. The daily highs at 1.1215 will need to be broken and closed above
before seeing sustained buying re-enter the market. The USD falling will likely see a change in
trend here. Wait for the break and re-test of these highs for further long opportunities.
USD WILL FALL IF PRICE GETS BELOW $97.50Last week we looked at the USD heading to the key highs before falling again. The US
consumer sentiment missed expectations last week and frightened investors into thinking
the Fed may have to take action. The key daily lows currently sit at $97.50, a break and close
below the lows we will see USD drop to the weekly trendline support.
VIDEO ANALYSIS: NZDUSD TRADE UPDATE AND POSSIBLE ADD IN TRADESIn this video update, we are taking a look at NZDUSD as the price is breaking into new highs on the daily
timeframe. Now that price is breaking higher we can look for potential add in trades on the lower timeframes.
We already hold a position on the daily timeframe from the initial bullish engulfing candle. We are expecting
price to test the April highs around 0.6700.
DXY FINALLY FALLSThe DXY has started to fall again as the US consumer price index fell short of expectations.
This move has been highly anticipated and we could start to see a shift in USD sentiment
if we break the current daily lows at 97.55. A close below these lows will suggest
that the USD could continue to fall further.
ANALYSIS: FINAL MOVE FOR USDCHFUSDCHF is potentially about to see another move lower as it forms a double
top on the 4hr timeframe. The weekly chart does remain bearish here and with the USD Index
at the key resistance, we could see some short-term USD weakness re-enter the market.
A break below the trendline support will allow us to look for further shorting opportunities.
VIDEO ANALYSIS: CADJPY IS THE ONE TO WATCHIn this video update, we take a look at CADJPY as the price has found support at the weekly demand zone.
We have been looking for JPY weakness for a while and with the stock markets finding some relief
a sell-off in JPY was likely. On the 4hr timeframe, CADJPY needs to break the highs. If this was to happen
then we could expect to see the price increase further.
ANALYSIS: RIPPLE TO TEST TRENDLINE RESISTANCEAs cryptos start to find their way again Ripple has yet to break out of its long term resistance.
Will the market bounce at this resistance or break?
If bitcoin can stay above $7000.00, then a breakout here is more and more likely.
What do you think will happen? comment below.
ANALYSIS- RISK OFF SENTIMENT CONTINUESLooking to the US stock markets we can see that the risk off sentiment continues.
Price has recently broken the weekly lows and we should expect this to continue
until the market shows otherwise. We could see this sentiment continue to the lows
of 23560.00. If this happens we could see GOLD and JPY continue to rally. Keep
an eye on the stock markets as they will be key in seeing long term moves.
VIDEO ANALYSIS: GBPJPY TO MOVE HIGHER?In this video update, we take a look at GBPJPY as price enters the key demand zone.
The recent CoT reports show that the speculators have increased their longs at this area
which could show us a sign of a reversal. Typically speculators are wrong in the market
and a switch in sentiment increases when they add large positions. Wait for the
daily close to offer significant reversal opportunities.