31st December 2014 Market Outlook

Pound Yen – GBP/JPY is showing rejection off the 185.06 support level yesterday night. Given that the trend remains bullish, traders may consider buying at this 185.06 support level to rejoin the bullish trend. We are likely going to see price move higher in the coming days.

GBPJPYrH4

 

Kiwi Dollar – NZD/USD is gaining strength even though the dollar is quite strong at the moment. The overall trend is still down but the short term momentum seems to favor the bulls. If price pullbacks to the 0.7795 support level, traders may consider buying that pullback to ride on this bullish momentum.

NZDUSDrH4

 

Gold – Yesterday gold had a really strong rally and broke its 1197.75 resistance level. Price then pullback to the 1197.75 support level (Previous resistance level) and rejects the support level which might indicates the bulls are getting into this market. Traders may consider buying gold at this support level but due to it’s holiday tomorrow, traders might want to consider taking it after the holiday as the market is very thin at the moment.

XAUUSDrH4

30th December 2014 Market Outlook

Kiwi Yen – NZD/JPY met its first obstacles at the 93.97 resistance level. Price shows rejection off this resistance level earlier today. Given that the trend remains bullish, traders may consider buying when price pullback to its 93.30 support level to rejoin the bullish trend.

NZDJPYrH4

 

Aussie Swiss Franc – AUD/CHF broke away from its consolidation and is heading to its 0.8210–0.8125 resistance area. Given that the trend is bearish, conservative traders may consider selling this market once price enter the 0.8210–0.8125 resistance area while aggressive traders may take a short term counter trend trade until price enter the 0.8210–0.8125 resistance area.

AUDCHFrDaily

 

Euro Dollar – EUR/USD continue to breaks lower in this quiet holiday season. Given that the overall trend is still bearish, traders may consider selling at the 1.2168 resistance level to rejoin the bearish trend. Price is likely going to resume its bearish trend in the coming days and its next key support level is not found until 1.2050.

EURUSDrH4

29th December 2014 Market Outlook

Loonie Yen – CAD/JPY continue to consolidate below its 103.57 resistance level. The bulls are losing steam at this resistance level which might due to the holiday season. If price rejects this resistance strongly, traders may consider selling short at this resistance level while if price breaks above this consolidation and resistance level, traders may consider buying into this market to rejoin the bullish trend.

CADJPYrDaily

 

Silver – Silver is currently trading within the range of 16.30 resistance level and 15.55 support level. Given that the overall trend is bearish, traders may consider selling short at the 16.30 resistance level while having a conservative target at the other end of this trading range at 15.55 support level.

XAGUSDrH4

 

Aussie Loonie – AUD/CAD is trading at the 0.9455 resistance level. If there’s sell signal at this resistance level, traders may consider shorting this market as the trend is still bearish while if price breaks above the 0.9455 resistance level and end the day above this resistance level, we might then see price move higher in the coming weeks.

AUDCADrH4

26th December 2014 Market Outlook

Euro Dollar – EUR/USD is trying to approach its 1.2256 resistance level. If price hit this 1.2256 resistance level and shows sign of rejection, traders may consider selling short at this resistance level as the trend is still bearish at the moment. Price is likely going to continue lower in the coming days if it rejects the 1.2256 resistance level.

EURUSDrH4

 

Pound Dollar – GBP/USD is currently trading above its 1.5548 resistance level. If price fell back below its 1.5548 resistance level, we will then have a false break at this resistance level and traders may consider selling it since the trend is still bearish. However if price remains above this 1.5548 resistance level, price is then likely going to move higher but given that the trend is down, conservative traders may consider staying at the sideline while waiting for a sell signal instead of taking a counter trend trade.

GBPUSDrH4

 

Gold – Gold is currently trading at the 1186.70 resistance level, if there is sell signal formed at this resistance level, traders may consider selling at this 1186.70 resistance level. Given that the long term trend outlook is bearish, it’s likely that price will resume its bearish trend.

XAUUSDrH4

24th December 2014 Market Outlook

Pound Yen – GBP/JPY is slowing down due to holiday season. It’s still a bullish trend overall thus if price pullback to its 185.06 support level, traders may consider buying at this support level to rejoin this bullish trend, the trend is likely going to resume due to the weakness of Japanese Yen.

GBPJPYrH4

 

Aussie Loonie – AUD/CAD broke its 0.9455 support level yesterday and closed below and remains below it. Given that the trend is still bearish, traders may consider selling short if price retrace back up to the 0.9455 resistance level (Previous support level). The market is in favor to the bears as long as price stays below this 0.9455 resistance level.

AUDCADrH4

 

Euro Loonie – EUR/CAD is still in a huge sideway market over the long term horizon but the short term momentum is currently bearish. Price broke the 1.4264 support level and has rejected it twice showing bears are at this 1.4264 resistance level (Previous support level). If price retrace back up to its 1.4264 resistance level again, traders may consider selling short to ride on this bearish momentum.

EURCADrH4

23rd December 2014 Market Outlook

Euro Dollar – EUR/USD fell lower after price rejected the 1.2256 resistance level (Previous resistance level) as we expected in our 22nd December 2014 Market Outlook. Traders who have shorted as we recommended may consider continue holding onto the short position while trailing the stop as price move in our favor. As long as price remains below the 1.2256 resistance level, traders may look for sell signal to rejoin this bearish trend.

EURUSDrH4

 

Gold – Yesterday gold broke the 1186.70 support level which may open the door for more losses in the coming days. Price is heading towards its 1186.70 resistance level (Previous support level). Given that the trend is still bearish, traders may consider selling short at this 1186.70 resistance level to ride this bearish trend.

XAUUSDrH4

 

Loonie Yen – CAD/JPY is approaching its first resistance level after price bounce off from its 99.66 support level. Price is slowing down as we could see through the smaller size of candlesticks. If price couldn’t breaks through this 103.57 resistance level, it’s then likely going to falls back to its 100.95 support level.

CADJPYrH4

22nd December 2014 Market Outlook

Loonie Dollar – USD/CAD is currently struggling to break through its 1.1650 resistance level. If price breaks through this resistance level, we are then likely going to see price travel further while if price breaks below the yellow consolidation box, price is then likely going to pullback to its 1.1466–1.1447 key support area where traders may consider going long to rejoin this bullish trend.

USDCADrH4

 

Aussie Swiss Franc – AUD/CHF bounce off from its 0.7833 support level and is heading to its 0.8210–0.8125 resistance area. Given that the trend is bearish, traders may consider selling this market once price enter the 0.8210–0.8125 resistance area to rejoin this bearish trend. It’s likely that price will resume its bearish trend in the coming weeks.

AUDCHFrDaily

 

Euro Dollar – EUR/USD broke below its 1.2256 support level but price didn’t follow through. This may cause a false breakout if price retrace back up above this 1.2256 support level. As long as price remains below this 1.2256 support level, traders may look for sell signals while if price retrace back up to its 1.2256 and stay above it, traders may consider taking a counter trend long trade to trade the false break.

EURUSDrH4

19th December 2014 Market Outlook

Pound Loonie – GBP/CAD rejected its 1.8260 key resistance level with full force showing bears are stepping in. This market is currently moving sideway thus traders may consider selling short at this 1.8260 key resistance level. Price is likely going to falls to its 1.7874–1.7811 key support area in the coming days. However if price breaks above the 1.8260 key resistance level, we are likely going to see price continue to move higher till its next key resistance level at 1.8500.

GBPCADrDaily

 

Euro Aussie – EUR/AUD pullback to its 1.5000 key support level which is also a psychological level. Given that the trend is still bullish, traders may consider buying this currency pair at this very key support level at 1.5000. If price bounce off from this key support level, we are likely going to see price resume its bullish trend.

EURAUDrH4

 

Aussie Loonie – AUD/CAD starts to shows signs of accumulation at the 0.9455 support level. If price is able to bounce off from this support level, it’s then likely going to retest its 0.9590 resistance level. Buying into this market at this 0.9455 support level would be counter trend trade thus conservative traders are recommended to wait for price to retrace back up to 0.9590 resistance level before shorting or wait for price to breaks below the 0.9455 support level.

AUDCADrH4

18th December 2014 Market Outlook

Swiss Franc – USD/CHF shot up to its 0.9736 resistance level after price rejected the 0.9559 support level as we expected in our 17th December 2014 Market Outlook. Traders who have went long at the 0.9559 support level may consider taking profits at this 0.9736 resistance level or scale out the position while leaving the rest to run further. If price is able to breaks through this 0.9736 resistance level decisively, it is then likely going to move higher in the coming days.

USDCHFrDaily

 

Aussie Loonie – AUD/CAD fell significantly lower after price rejected the 0.9590 resistance level as we expected in our 16th December 2014 Market Outlook. Traders who have went short as we recommended may consider taking profits at the 0.9455 support level or at least scale out the position as price may bounce from here. However if price breaks below the 0.9455 support level, we are then likely going to see some significant drop in the coming days as price breakout this consolidation.

AUDCADrH4

 

Euro Yen – EUR/JPY have a decent pullback to its 145.58 support level after a long bullish trend. Price rejected the 145.58 support level yesterday showing signs of bulls. Given that the trend is still bullish, traders may consider buying this pullback to rejoin this bullish trend.

EURJPYrDaily

17th December 2014 Market Outlook

Loonie Yen – CAD/JPY fell lower to its 99.66 support level after price broke the 100.95 support level as we expected in our 16th December 2014 Market Outlook. Traders who have went short since the 103.57 resistance level as we recommended in our 12th December 2014 Market Outlook may consider taking profits or scale out the position at this 99.66 support level. Yesterday price did shot up to 100.95 resistance level (Previous support level) and reject the 100.95 resistance level after bouncing off from its 99.66 support level. This may offer traders who have missed the earlier short trade to catch up on this bearish trend while traders who have went short since the 103.57 resistance level may consider scaling in at this 100.95 resistance level too to increase the potential profits in this strong bearish momentum.

CADJPYrH4

 

Aussie Kiwi – AUD/NZD fell lower after price rejected the 1.0650 resistance level as we expected in our 12th December 2014 Market Outlook. Price is currently trading at the 1.0540 key support level and if price broke this key support level, we may then likely going to see price continue its bearish move to its next support level at 1.0490.

AUDNZDrDaily

 

Swiss Franc – USD/CHF pullback to its 0.9559 support level and is showing signs of rejections off this support level. Given that the trend is still bullish, traders may consider buying into this market to ride on this bullish trend. If price bounce off from this support level, we are likely going to see price retest its 0.9736 resistance level again.

USDCHFrDaily