AUDUSD: Potential Bat SetupWe have a potential bullish Bat pattern setting up on the AUDUSD.
If you look on the H4 chart, we do have some minor structure level at the 0.886 completion level (0.7090) as well.
For those who are aware of camarilla pivot levels, we have a very nice confluence of L4 level.
--------------------------------------------------------
www.fxpresearch.com
YouTube: goo.gl
Facebook: goo.gl
FXP
EURNZD: Bearish Structure SetupKey zone to watch: 1.6695 - 1.6780
------------------------------------------------------------------
This video (www.youtube.com), we look into AUDUSD-0.36% , EURAUD0.42% and EURNZD0.44% with various potential setups based on Cypher pattern and simple structure trades.
Join us on the 3rd of March 2016 at the Order Out of Chaos workshop at CMC Markets in Singapore and receive our Trade Signals Service for FREE on the month of March!
Register here: onlinetradersclub.org
Have a great pipping week!
www.fxpresearch.com
https://www. facebook-1.59% .com/fxpipsology
Cheers,
KY
EURAUD: Potential Bearish Structure SetupZone to keep an eye on: 1.5490 - 1.5580
------------------------------------------------------------------
This video (www.youtube.com), we look into AUDUSD-0.36% , EURAUD0.42% and EURNZD0.44% with various potential setups based on Cypher pattern and simple structure trades.
Join us on the 3rd of March 2016 at the Order Out of Chaos workshop at CMC Markets in Singapore and receive our Trade Signals Service for FREE on the month of March!
Register here: onlinetradersclub.org
Have a great pipping week!
www.fxpresearch.com
https://www. facebook-1.59% .com/fxpipsology
Cheers,
KY
AUDUSD: Potential Cypher SetupA potential bullish Cypher setup with completion at 0.7035.
------------------------------------------------------------------
This video (www.youtube.com), we look into AUDUSD, EURAUD and EURNZD with various potential setups based on Cypher pattern and simple structure trades.
Join us on the 3rd of March 2016 at the Order Out of Chaos workshop at CMC Markets in Singapore and receive our Trade Signals Service for FREE on the month of March!
Register here: onlinetradersclub.org
Have a great pipping week!
www.fxpresearch.com
www.facebook.com
Cheers,
KY
The Ideal Play on EURUSDTechnically, we have various setups that we can take opportunity on this pair. Price broke and closed above previous Supply Zone, and a retest towards that zone would provide a good opportunity to long. Looking at the bigger picture, we also have a bearish Bat pattern with PRZ at 1.1380.
An ideal scenario play will be price retraces back to the previous Supply Zone, we look for a buy opportunity with targets around the completion of the bearish Bat pattern; and we then look for a short opportunity with the completion of the Bat pattern towards the downside.
Of course, these are all simply trade expectations and projections. One thing, and the most important thing to takeaway from this post today is this:
THE MARKET DOES NOT FOLLOW NOR EVEN CARE ABOUT OUR (AND ALL TRADERS) ANALYSIS. IT DOES WHAT IT NEEDS TO DO. WHAT WE AS TRADERS SHOULD FOCUS ON IS HOW CAN WE BEST PREPARE OURSELVES TO TAKE ANY OF THE OPPORTUNITY PRESENTED TO US BY THE MARKET.
MANAGE YOUR RISK WELL, AND THE PROFIT WILL COME NATURALLY.
Read our full analysis here: www.fxpresearch.com
------------------------------------------------------------------------
A shoutout to Online Traders' Club for having me to share about my trading philosophy and the various methodologies that I adopt in my trading. The workshop will be held on 9th of March 2016 (Wednesday) from 715pm to 10pm at CMC Markets Singapore. As part of our effort to guide and show you exactly how we trade the markets, you will also be given the opportunity to receive our trade signals service for FREE for the month of March*.
*Only applicable to those who attend the workshop. We will be collecting your email and contact details to add you into our signals service.
Join us and register for your seat HERE
EURGBP: Potential Bat SetupWe have a potential bullish Bat pattern setting up on EURGBP, which is inline with the overall trend of this pair. Fundamentally, both EUR and GBP are still bearish. Going into this trade setup, we expect an improvement in market risk sentiment to strengthen the EUR.
OUR DIRECTIONAL BIAS FOR THE WEEK
- EUR bearish (fundamental of EUR is still weak) - no key risk event next week
- GBP bearish (fundamental data on GBP has been weak) - watch out for BoE Monetary Policy
For more detailed analysis, visit our blog at: www.fxpresearch.com
NZDCAD: Bearish Structure SetupsPrice has been breaking lower on the H4 chart and we are looking for potential short opportunities around the 0.9230 and 0.9300 resistance levels which confluence with 50% and 61.8% fibonacci levels as well.
The Immediate resistance level is at 0.9150, with demand zone around 0.9000 region and supply zone around 0.9400 region.
OUR DIRECTIONAL BIAS FOR THE WEEK
- NZD bearish (RBZD tone was dovish in their last statement) - watch out for employment data and Gov Wheeler speech
- CAD neutral (BoC tone was optimistic in their last statement, and potential bottom of Oil) - watch out any update in the Oil market
For more detailed analysis, visit our blog at: www.fxpresearch.com
25th - 29th January Weekly OutlookGoing into next week, the key focus will be mainly on 3 central banks - the Fed FOMC Statement, RBNZ Rate Statement, and BoJ Monetary Policy Statement.
We believe that the Fed will not further increase its interest rate this coming week. Instead, our focus will be on the tone of Yellen. Any sign of concern from her in regards to the US economy will potentially send the US dollar down.
Similarly for RBNZ, the tone of Wheeler is key to this event. Indication that further rate cut in the future will send the NZD further down as well.
Lastly, BoJ might potentially increase its QE programme. While this risk event will be the highlight for the Japanese Yen, it is also crucial to focus on risk events happening in the financial market. Further uncertainty in the market can in turn strengthen the Yen.
OUR DIRECTIONAL BIAS FOR THE WEEK
- AUD & NZD neutral (a recent shift in risk sentiment) - watch out for AUD CPI and RBNZ Rate Statement
- CAD neutral (while Oil is still bearish, BoC tone was optimistic in their last statement) - watch out any update in the Oil market.
- EUR bearish (fundamental of EUR is still weak) - no key risk event next week
- CHF & JPY neutral (a recent shift in risk sentiment) - watch out for BoJ Monetary Policy Statement
- GBP bearish (fundamental data on GBP has been weak) - watch out for Prelim GDP
- USD neutral (while the FED has hike rate, there are still uncertainties in the US economy) - watch out for Fed FOMC meeting
Read our full outlook here: www.fxpresearch.com
GBPCHF: Two opportunities! Which will you take?One of our senior community member dropped me this question earlier today. It was a very good question and I thought would be interesting to see what are your thought + decision making process :)
Which level will you fire your trades at?
Are you going to take at both levels? If yes, how are you executing and managing your trades? If not, why?
Do you have an objective way to make consistency decisions over a period of time?
EURUSD: Pending Technical ScoreIn this video, we cover the technical scoring system that you can potentially use in combination with Harmonic trading to give you more conviction to the trades that you take (www.youtube.com)
Watch our previous webinar - Introduction to Harmonic Patterns here: www.youtube.com
We started an initiative #askresearch to reach out to you.
Feel free to drop us anything. You can drop your questions here: www.fxpresearch.com
Join us as a Founder, and gain access to all our research and signals for a lifetime access. Find out more here: www.fxpresearch.com
Have a festive season to all!
Wishing you a Merry Christmas and Happy 2016!
www.fxpresearch.com
www.facebook.com
Cheers,
KY
EURUSD: More downside is expectedFundamental aspects are still pointing towards a downside on EURUSD. We will be looking for shorting opportunity around teh 1.0910 region which confluence with the previous structure resistance level, a 50% retracement level, and a 161.8 fib inversion extension.
YouTube: www.youtube.com
Website: fxpresearch.com
Signals: www.fxpipsology.com
USDJPY: Trapped between two levelsPrice is currently 'trapped' in between two key levels, a 61.8 retracement level from the regular divergence setup; and the previous support structure level which also coincides with a 127.2 extension level.
Fundamentally, the USDJPY-1.19% should eventually go higher, with respect to the FED raising their interest rates; and the BoJ continuing with their abenomics.
However, we are going into a year end period, and with the JPY-1.19% serving as a funding currency, we might see further liquidating of JPY-1.19% positions pushing the USDJPY-1.19% lower.
YouTube: www.youtube.com
Website: fxpresearch.com
Signals: www.fxpipsology.com
Potential Opportunities to Monitor for FOMC!With the last major news event of the year 2015 later tonight - FOMC FED Rate Decision, we decided to share with you guys as a bonus what we have for our FXP Clients as well.
We did a special day analysis for you guys to watch out for potential trade opportunities. Having said that, do take note of the volatility the market will experience during the release and conference meeting.
Importantly, trade according to your risk profile and ensure you are aware of the risk involved.
For traders who are new to the market, we strongly recommend you to simply stay away from the market but DO MONITOR how such event can move the market.
Attached are the signals for this week. Simply click HERE to download this week Trade Plan Signals.
Visit HERE for the technical analysis of the signals. The password is 2015bonus
We believe that many traders/investors have priced in this coming FED Rate Hike decision.
A lower than 25 basis points hike would disappoint the market.
A dovish tone from Yellen would also see dollar weakening.
Trade according to your risk management profile!
Cheers,
Kar Yong
GBPUSD: A potential Bat patternWe have a potential Bat pattern setting up on GBPUSD with PRZ around the 1.5285 region. This area also confluences with the many fib level which includes the 141.4 and 161.8 inversion + a 127.2 expansion.
Having said that, we also need to take into consideration the fundamental aspects of the market. The FED is likely to increase the interest rates by 25 basis points, and we believe that many investors/traders will be liquidating their long positions after the 16th Dec FOMC. Hence we might see a short term weakness on the dollar.
This might give us the push up towards the PRZ on this technical chart. The medium term aspect on the fundamental is still dovish on GBP and hawkish on USD.
Let's keep an eye on this and see how this pair pulls off!
AUDUSD: Using Sentimental Analysis + Technical AnalysisVideo: www.youtube.com
The fundamental data releases for this month has been overall slightly bullish for AUD. Labour market and housing market have seen improvement.
However as we look into the sentimental analysis as for last week in relation to price movement of AUDUSD, we do see that there has been an increase in short positions as price move higher.
This gives us an indication that the overall market bias is still to the downside. And we can potentially sell into the rallies.
GBPUSD: An alignment of both Fundamental and Technical aspectsLast week BOE meeting was dovish which sent the GBP lower. This was coupled with a very positive NFP results. Looking at this pair, we do see an alignment of both technical and fundamental aspects.
Hence we will be keeping a close watch at the 1.5255 region for any shorting opportunity.
Check out the mid week analysis video here: www.youtube.com
XAUUSD: Potential counter trend setupLooking at the higher timeframe on Weekly, we are seeing price forming a potential double bottom divergence. Also at a lower timeframe - H4, we do have a divergence as well.
But looking at the price action, there is still no clear sign that price is ready for turn. If you are more conservative, it would be best to wait for at least a price action confirmation (pin bar or bullish engulfing) to enter a counter trend long.