AUDUSD is still in a downtrend. We will be looking for pullbacks up to lower highs and sell signal to get short.
XAUUSD is consolidating under a weekly resistance level. We are short this market but we will see next week if the level holds or not.
GBPJPY has made a big rejection of the weekly swing level. We will be looking to sell on strength to get short.
EURJPY is over extended, so although we expect the market to continue going up, we would like to see a fairly deep pullback before going long. The market actually seems poised for a mean reversion, so we expect some sell off in the short term before continuing its uptrend. The market could also be at the top of a range and ready to sell off. We will stay on the...
USDJPY is still in an uptrend. We will be looking to buy on pullbacks to higher lows and buy signal.
NZDUSD is approaching a swing level. We will be looking for sell signals off this level to go short.
AUDUSD made a false breakout of a weekly support level and has been gathering bullish momentum ever since. We will be looking to buy off higher lows with a buy signal to go long. However there is a strong resistance level + trend line structure above where we will be looking for sell signals to go short, and to take profit if we are already long.
After a period of consolidation, we are seeing some bullish momentum in the EURUSD. There was a (false) break below a key weekly support level a few weeks ago, but the market quickly came back up and broke back above that level. This is a bullish sign. It has continued trending up ever since. Essentially we will be waiting for pullbacks to higher lows and a buy...
GBPCAD is in a downtrend and has pulled back to a support/ resistance level and printed a sell signal. We published this as a short trade idea last week. We are in the trade and still expecting it to move down.
EURGBP has broken down below a previous support level, and is showing signs of a possible emerging downtrend after minor pullback and bearish rejection candle. We will look to short this market.
AUDJPY is in a downtrend and has pulled back to the resistance zone above where it printed a nice bearish candle indicating that price wants to continue downwards.
XAUUSD is in a downtrend and has pulled back to a previous weekly support level where it printed a nice bearish rejection candle showing probable downward continuation.
EURJPY is in a range and looks likely to be heading up to around the 132 level at the range top. If we see a pullback to support and convincing buy signal we will consider getting long.
USDJPY is still in an uptrend and so we will be looking to buy if we see a pullback and buy signal on a higher low.
AUDUSD is still in a strong downtrend and after last Friday’s bearish candle at a weekly support/ resistance level we would expect a further move down. However the price is very over extended and we are not comfortable selling at such extended prices as a major correction would easily happen at this stage.
Looking at the weekly and daily charts there is a lot of bullish momentum on GBPUSD. The question is, is it the start of a new uptrend or is it just a correction in the current downtrend? We will wait and see what happens next week. If price breaks above the current level we will wait for a pullback and buy signal to go long. Otherwise we will look for...
EURUSD made a move up after pulling back to a weekly support level last week as we had anticipated and was looking bullish. However on Friday we saw a rejection of the resistance level above, indicating a likely move back down to retest that weekly support level. What will happen after that is unclear at this stage. Our preferred scenario would be a retest of...