23rd November 2018 Market Outlook

Euro Aussie – EUR/AUD rally higher after price rejected its 1.5670 support level as we expected in our 22nd November 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue with its rally into its 1.5850 resistance level.

EURAUDrH4

 

Euro Swedish Krona – EUR/SEK rally higher as well after price rejected its 10.2850 support level. Traders who went long as we recommended may consider continue holding onto the long position and have the first target set near 10.3500 resistance level to lock in profits if price moves in our favour.

EURSEKrH4

 

Euro Yen – EUR/JPY continue to consolidates within its triangle chart pattern. If price breakout above its triangle chart pattern, we are then likely going to see further rally coming into this market in the coming days. Traders may also consider buying into this market if price breakout above its triangle chart pattern as price could potentially rally into its 130.10 resistance level in the coming days.

EURJPYrH4

22nd November 2018 Market Outlook

Euro Aussie – EUR/AUD rejected its 1.5670 support level earlier today. The long term trend is still bearish therefore conservative traders may wait for potential short setups while aggressive traders may consider buying into this market to jump on the potential bullish swing. The next resistance level is located at 1.5850 which offer traders good profit margin to trade the long side of the market.

EURAUDrH4

 

Norwegian Krone – USD/NOK pullback into its 8.5150 support level earlier this week. Given that the trend is still bullish, traders may consider buying into this market to jump on the bullish trend. Ideally we would prefer to see some price confirmation before buying into this market to avoid false signals.

USDNOKrH4

 

Euro Swedish Krona – EUR/SEK pullback into the 10.2850 support level which traders may hunt for potential buy setups. Ideally we would prefer to see some price rejections or any other form of confirmation before buying into this market to avoid false signals. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

EURSEKrH4

21st November 2018 Market Outlook

Aussie Kiwi – AUD/NZD continue with its decline after price breakout below its 1.0670 support level. Traders who went short at the breakout of 1.0670 and at the rejection of 1.0860 resistance level as we recommended in our 26th October 2018 Market Outlook may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue with its decline into its 1.0500 support level.

AUDNZDrDaily

 

Aussie Dollar – AUD/USD rejected its 0.7285 support level earlier today which could potentially lead price higher in the coming days. Given that the short term trend is bullish, traders may consider buying into this market to ride on the potential bullish swing and have the stop loss set 1ATR below recent low to limit losses if price moves against us.

AUDUSDrH4

 

Japanese Yen – USD/JPY started to decline lower after price breakout below its 112.60 support level as we expected in our 19th November 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to continue with its decline in the coming days. The next support level is located at 111.73 which offer traders huge profit margin to trade the short side of the market.

USDJPYrH4

19th November 2018 Market Outlook

Pound Kiwi – GBP/NZD decline lower into its 1.8630 support level after price rejected its 1.9660–1.9620 resistance area as we expected in our 1st November 2018 Market Outlook. Traders who went short as we recommended may consider scale out the position at the 1.8630 support level to lock in profits while leaving the rest to run further with a trailing stop behind.

GBPNZDrH4

 

Aussie Dollar – AUD/USD breakout higher last Friday which could potentially lead price rally higher in the coming days. If price pullback into its 0.7285 support level, traders may then consider buying into this market to jump on the bullish trend. Ideally we would prefer to see some price rejections or any other form of confirmation before buying into this market to avoid false signals.

AUDUSDrH4

 

Japanese Yen – USD/JPY pullback into its 112.60 support level last week which if price is able to breakout below it, we are then likely going to see further decline into its 111.73 support level. Given that the momentum is bearish at the moment, traders may consider shorting this market to jump on the bearish momentum.

USDJPYrH4

15th November 2018 Market Outlook

Gold – Gold rejected its 1216.00 resistance level yesterday which could potentially lead price lower in the coming days. Given that the trend is bearish, traders may consider shorting this market to jump on the bearish trend. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

XAUUSDrH4

 

Silver – Silver continue to decline lower after price pullback into its 15.78–15.67 resistance area and rejected it as we expected in our 26th July 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position while traders who missed the shorting opportunity may still hunt for short setups if price pullback into its 14.28–14.23 resistance area.

XAGUSDrH4

 

Euro Swedish Krona – EUR/SEK once again pullback into its 10.3000 key resistance level and rejected it yesterday which could potentially cause price to move lower in the coming days. There’s no immediate support level below as well but traders may still have the first target set near previous swing low at 10.2100 price level.

EURSEKrH4

14th November 2018 Market Outlook

Aussie Kiwi – AUD/NZD continue to decline lower and breakout below its 1.0670 support level after price rejected its 1.0860 resistance level as we expected in our 26th October 2018 Market Outlook. Given that the trend is still bearish, traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind and have the next target set around 1.0500 key support level.

AUDNZDrDaily

 

Kiwi Yen – NZD/JPY continue to rally higher after price breakout above its 75.00 resistance level. Traders who went long as we recommended in our 7th November 2018 Market Outlook may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue with its bullish move in the coming days.

NZDJPYrDaily

 

Loonie Dollar – USD/CAD has a good support area located at 1.3160–1.3140 which traders may consider buying into if price pullback into it as the trend is still bullish at the moment. If price indeed pullback into it, traders may wait for price rejections or any other form of confirmation before buying into this market to avoid false signals.

USDCADrH4

13th November 2018 Market Outlook

Euro Dollar – EUR/USD continue to decline lower and making new lows. Given that the overall trend is still bearish, traders may consider shorting this market if price pullback into its 1.1350–1.1320 resistance area. Ideally we would prefer to see some price rejections or any other form of confirmation before shorting this market for a safer entry.

EURUSDrH4

 

Aussie Loonie – AUD/CAD is approaching its 0.9600 resistance level. Since the overall trend is still bearish, traders may consider shorting this market if price pullback into its 0.9600 resistance level. Traders may also go down to the lower time frame charts to fine tune the entry for a more favorable risk:reward trade or hunt for potential short term trades.

AUDCADrWeekly

 

Norwegian Krone – USD/NOK is still in a strong bullish trend. If price pullback into its 8.4400 support level, traders may consider buying into this market to jump on the bullish trend. There’s no immediate resistance level above which offer traders massive profit margin to trade the long side of the market.

USDNOKrH4

9th November 2018 Market Outlook

Kiwi Dollar – NZD/USD pullback into its 0.6800 resistance level yesterday and rejected it as we expected in our 25th September 2018 Market Outlook. Traders who went short at the rejection of 0.6800 resistance level may consider continue holding onto the short position as the long term trend is still bearish at the moment.

NZDUSDrWeekly

 

Japanese Yen – USD/JPY continue to rally higher after price rejected its 111.73 support level as we expected in our 30th October 2018 Market Outlook. Traders who went long as we recommended may consider have the first target set around 114.70 resistance level to lock in profits if price indeed moves in our favor.

USDJPYrDaily

 

Aussie Loonie – AUD/CAD is making its way back into its 0.9600 resistance level. Since the overall trend is still bearish, traders may consider shorting this market if price pullback into its 0.9600 resistance level. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

AUDCADrWeekly

7th November 2018 Market Outlook

Japanese Yen – USD/JPY rally higher after price rejected its 111.73 support level as we expected in our 30th October 2018 Market Outlook. Given that the trend is still bullish, traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind and have the first target set around 114.70 resistance level to lock in profits if price indeed moves in our favor.

USDJPYrDaily

 

 

Aussie Kiwi – AUD/NZD continue to decline lower after price rejected its 1.0860 resistance level as we expected in our 26th October 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue with its decline into the next support level located at 1.0670.

AUDNZDrDaily

 

 

Kiwi Yen – NZD/JPY shot up significantly higher after price breakout above its 75.00 resistance level. Since the momentum is currently bullish, traders may consider buying into this market to jump on the bullish trend. There’s no immediate resistance level above which offer traders massive profit margin to trade the long side of the market.

NZDJPYrDaily

1st November 2018 Market Outlook

Pound Kiwi – GBP/NZD pullback into its 1.9660–1.9620 resistance area yesterday. Given that the trend is bearish at the moment, traders may consider shorting this market to jump on the bearish trend. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

GBPNZDrH4

 

Gold – Gold decline lower into its 1212.00–1205.50 support area after price rejected its 1240.00 resistance level as we expected in our 29th October 2018 Market Outlook. Traders who went short as we recommended may consider scale out the position around this support area while leaving the rest to run further with a trailing stop behind.

XAUUSDrDaily

 

Euro Yen – EUR/JPY decline lower after price rejected its 128.40 resistance level. Since the long term trend is still bearish, traders may consider shorting this market to jump on the bearish trend. There’s no immediate resistance level below which offer traders huge profit margin to trade the short side of the market.

EURJPYrH4