In this video update, we discuss the two scenarios ahead of this meeting and what could happen if the Fed discuss further cuts in the future or if they downplay the need to cut rates going forward. Inflationary data suggest a cut is likely but will FED chair Powell want to open the flood gates for the USD bears. We are not so sure...
Gold has recently tested the $1350.00 resistance and is currently rejected. The recent CoT reports highlighted an increase in short contracts if price closed below this key resistance we could see a short-term fall in price.
In 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.
In 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.
In 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.
In this video update, we take a look at EURUSD as price reacts from the key lows yet again. This is due to a sell-off in the USD as the USD index reacts from the weekly highs. This current price action suggests we could be forming a double bottom pattern. If the daily candle does close bullish look for short-term long positions into the trendline resistance.
In this video update, we take a look at USDCHF as we are anticipating the market to fall further. The CoT signal remains and we could see further buying of Swiss Francs. USDCHF has retraced to the 61.8 Fib and rejected. This could offer us a short opportunity to the key demand zone.
In this video update, we take a look at the USD INDEX in order to understand the current situation. We feel that the USD is holding up at the moment due to the risk-off sentiment in the market. Technically the price remains in a consolidation pattern and if we see price take out $97.00 we could expect a larger sell-off.
In this video update, we take a look at the USD Index as we may be seeing a false breakout of the key highs at 97.70. If price closes below this level at the end of the day we could see further downside to the USD.
In this video update, we take a look at the USD and how it could perform. With FOMC coming up we can expect the Federal Reserve to be dovish in their tone as recent data shows a fall in inflation. This will be something that the Fed will address in their statement, any talk of cutting rates could see the USD drop significantly however if they keep to a moderate...
In this video update, we take a look at NZDUSD as we posted a trading opportunity from the daily chart. We took this trade due to the market finding support at the yearly low. Typically the yearly highs and lows can offer support and resistance areas for the market react from. The NZD is benefitting off the current USD weakness and if the DXY pushes back towards...
In this video update, we take a look at the USD Dollar Index as the price is back at the key 97.70 highs. The Fed is currently hawkish on the recent data with the potential of a hike in 2019 still on the table. This has helped the USD push back into the key resistance and if the price breaks the 97.70 highs we can look for further USD long opportunities across the...
In this video update, we take a look at the end of day trade we placed on our telegram channel. USDCHF has been moving towards the yearly highs for some time now as the Swiss Franc weakens. Typically, when a market tests a yearly high, we do see a reaction from the level, which we are anticipating to be lower on this pair. If we do see a daily bearish close here,...
In this video update, we take a look at NZDUSD as price looks likely to move lower in line with the US Dollar Index. If the Dollar Index finds resistance at $97.00 we can look for long opportunities on NZDUSD. Apply this method to your trades and you may find it helps in your decision making.
In this video update, we take a look at GOLD as price consolidates at the key support level whilst the USD Index finds resistance. A break and close above the key highs will see GOLD head towards the key resistance highs and trendline. Look for short-term buying opportunities over the coming days if the USD can break below the lows of $97.00.
In this video update, we take a look at the US Dollar Index in order to look for trading opportunities for the week ahead. The DXY is currently finding resistance at $97.70, with seasonality also highlighting a bearish month for the greenback, the price could head back towards the $96.00 support. The 4hr timeframe suggests we could see a change in cycle if the...
In today's video update, we take a look at the USD again as we suggested yesterday we should see the USD bounce from the lows and demand zone. The USD index shows that the greenback remains rangebound and highlights the importance of waiting for the price to hit those key supply and demand zones before making trading decisions.