EURUSD TARGETS HITEURUSD targets from our trade in the telegram channel have hit.
We spotted a long opportunity from the support zone with the USD falling we
could see the price continue higher.
Blueberrymarkets
RISK OFF CHARTS TO WATCH...AUDJPY, USDJPYIn this video update, we take a look at the risk-off pairs to watch in the market.
This is due to the trade deal between the US and China breaking down as some reports
are suggesting China will wait for the decision of Trump's impeachment.
AUDJPY is a great chart to watch to determine the sentiment of the market.
GBPCAD BREAK OR BOUNCE?GBPCAD is at the key resistance 1.7050 where we need to ask the question will the price
breakout or bounce from the level.
Currently, the price is working within a triangle pattern at the resistance which
would typically see price break lower. However, the GBP is currently stronger than CAD
and we would need to see this reverse in order to see a breakout lower. Either way, this
is a great level to watch and wait for the reaction.
GOLD TRADE UPDATEIn this video, we take a look at the GOLD trade we placed in the telegram channel as the
price approaches the halfway mark on our target.
We cover what we expect to see next and how we will manage the position.
AUDJPY TO HEAD TO 74.00AUDJPY looks likely to continue its move lower to the 74.00 support level.
The daily timeframe shows the price rejecting the key trendline resistance adding confluence
to the move lower. If the price retraces on the 1hr timeframe and rejects the moving averages we can
look for further shorting opportunities.
THE RBNZ SHOCKS THE MARKET...NZDUSD UPDATEYesterday we expected to see the RBNZ cut rates by 0.25% however they left rates unchanged.
The RBNZ also stated they don't see any need to cut rates further at the moment which will likely strengthen to NZD further.
This decision saw the NZDUSD price jump and break above Monday's highs. If the price retraces to the Monday highs
we could look for a long opportunity.
NZDUSD SHORTS BELOW MONDAYS LOWNZDUSD looks likely to continue lower as the price approaches Mondays low.
If we see a break and close below these lows we could anticipate further
downside to come. If the price retraces and finds resistance we could
look for another short opportunity.
GOLD LONG OPPORTUNITY Gold is currently re-testing a key area of support where we are likely to see some buyers step back into the
market. Technically the RSI has gone into an oversold condition at the support adding further confluence to our short-term
bias. On the lower timeframe, we can see a minor resistance level that needs to be broken before considering a long opportunity.
AUDJPY TO MOVE LOWER?In this video update, we take a look at AUDJPY as the weekly timeframe suggests we could see a
move lower back to key support. When the market continues to close within a previous week's
range we typically see a move in the opposite direction. Also, the RSI indicator highlights a potential
resistance area where price could move lower from.
EURUSD TO TEST 1.1000EURUSD has recently broken through the daily swing lows 1.1074.
With the recent strength from the USD, we could expect to see the EURUSD price
re-test the support level of 1.1000. At this support, we expect to see a reversal in
the move lower with the price likely to pull back to the breakout lows at 1.1074.
GOLD TO DROP TO $1450.00The USD strength is pushing Gold prices lower towards the key demand zone at $1450.00.
The price could re-test the breakout highs before continuing to move higher. Look for short-term short
opportunities into the support zone.
AUDCAD MULTI TIME FRAME ANALYSISIn 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 BACK AT SUPPORTSilver 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.
USDJPY WHAT NEXT?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.
KEEP AN EYE ON OIL PRICESIn 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 moving forward.
TRIPLE BEARISH DIVERGENCE FORMING ON AUDJPYAUDJPY 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 TO MOVE LOWERNZDUSD 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 FINDS RESISTANCEAUDUSD 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 STALLS AT WEEKLY HIGHSGBPCAD 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 BEARISH TREND CONTINUATIONEURCHF 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.
GOLD LONGS ABOVE $1520.00In 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 swing highs.
GBPUSD SHORTS BELOW 1.2800GBPUSD 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.
USD INDEX AHEAD OF THE FOMC RATE CUTIn 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.
