30th January 2015 Market Outlook

Kiwi Yen – NZD/JPY fell significantly lower and hit the 85.85 support level after it rejected the 91.79 resistance level and broke the 88.94 support level as we expected in our 20th January 2015 Market Outlook and 22nd January 2015 Market Outlook. Traders who have went short as we recommended may consider taking partial profits at the current 85.85 support level and leave the rest to run further with a trailing stop behind as price might bounce from here. If price breaks the 85.85 support level, we are then likely going to see price decline to its 84.00–83.40 support area in the coming days.

NZDJPYrDaily

 

Euro Aussie – EUR/AUD shot higher to its 1.4630–1.4591 resistance area after price broke the 1.4379 resistance level as we expected in our 29th January 2015 Market Outlook. Traders who have went long at the break of 1.4379 resistance level as we recommended may consider scaling out the position at the 1.4630–1.4591 resistance area while leaving the rest to run further up. If price breaks above this 1.4630–1.4591 resistance area, price is then likely going to resume its fresh bullish momentum.

EURAUDrH4

 

Gold – Gold is having a pullback to its 1255.50 support level. Given that the short term trend is still bullish, traders may consider buying at this 1255.50 support level or at the 1238.20 support level to rejoin the bullish trend. As long as price remains above the 1238.20 support level, traders may look for buy signal to ride on the bullish trend. The next resistance level is quite far from current price thus offering traders a decent profit margin to trade the long side.

XAUUSDrDaily

29th January 2015 Market Outlook

Pound Kiwi – GBP/NZD rallied higher and even breached its 2.0542 key resistance level as we expected in our 22nd January 2015 Market Outlook. The bullish momentum is very strong at the moment thus traders may consider buying into this market. If price pullback to its 2.0542 key support level (Previous key resistance level), traders may as well buy at the pullback to ride on this strong bullish momentum.

GBPNZDrDaily

 

Aussie Dollar – AUD/USD fell lower after the rejection bar near its 0.8068-0.8031 resistance area. Traders who have shorted at this resistance area may consider taking partial profits off the table while letting the rest to run further with a trailing stop behind to protect the profits. The next key support level is not found until 0.7717 offering traders a decent margin for letting the trade to run.

AUDUSDrH4

 

Euro Aussie – EUR/AUD is consolidating under its 1.4379 resistance area. If price rejects this resistance level, we might see the down trend resume from here while if price breaks above this resistance level, price is then likely going to retest its 1.4630–1.4591 resistance area. Traders may consider buying at the break of the 1.4379 resistance level or sell short if price rejects the 1.4379 resistance level.

EURAUDrH4

28th January 2015 Market Outlook

Euro Yen – EUR/JPY fell significantly lower after it failed to breaks the 136.87 resistance level as we expected in our 21st January 2015 Market Outlook. Price bounce off from its 131.13 support level after the bearish move and is approaching its 136.87–134.74 resistance area. Traders may consider shorting at this resistance area to rejoin the strong bearish momentum we have in EUR/JPY.

EURJPYrDaily

 

Aussie Dollar – AUD/USD is currently heading to its 0.8068-0.8031 resistance area and is likely going to hit this resistance area today. Given that the overall trend remains bearish, traders may consider shorting at this resistance level if price shows rejections off this resistance area. If this resistance area stay firm and hold price below it, we are then likely going to see price resume its bearish trend in the coming days while if price breaks above this resistance area, we might see AUD/USD return to its consolidation phase again.

AUDUSDrH4

 

Euro Dollar – EUR/USD is currently trading just below its 1.1462 resistance level. Since the overall trend is still bearish, traders may consider selling short at this resistance level or somewhere near this resistance level to rejoin the bearish trend.

EURUSDrH4

27th January 2015 Market Outlook

Aussie Yen – AUD/JPY bounce off from its 92.17 support level yesterday and is approaching the 94.38 resistance level. If price rejects this resistance level, traders may consider selling short as the trend is bearish at the moment. We are likely going to see price retest its 92.17 support level again and might as well breaks lower in the coming days.

AUDJPYrDaily

 

Pound Loonie – GBP/CAD moved significantly higher and took out all the resistance levels above it after it bounce from its 1.7874–1.7811 support area. Price is likely going to resume its strong bullish momentum in the coming days and if price pullback to its 1.8648 support area, traders may consider buying into this market to rejoin this strong bullish trend.

GBPCADrDaily

 

Silver – Silver rejected its 17.62–17.21 support area earlier today. Given that the recent momentum is bullish, traders may consider buying into this market to ride on this fresh bullish momentum. If price breaks the 17.62–17.21 support area, it’s then likely going to falls to its 16.30 support level.

XAGUSDrDaily

26th January 2015 Market Outlook

Euro Dollar – EUR/USD continue to move lower swiftly as there isn’t any support level below stopping it to fall lower. The next key support level is not found until 1.0780 thus going short this market will offer traders great profit margin. If price retrace back up to its 1.1462 resistance level, traders may consider selling short at the 1.1462 resistance level to rejoin the bearish trend.

EURUSDrH4

 

Pound Dollar – GBP/USD is currently trading below its 1.5059 resistance level. Given that the overall trend is still bearish, traders may consider selling short if price retrace back up to the 1.5059 resistance level. Price is likely going to resume its bearish trend in the coming days and its next key support level is not found until 1.4850.

GBPUSDrH4

 

Pound Aussie – GBP/AUD has finally broke out from its yellow consolidation box. Price has been consolidating in the yellow box in the last 3 weeks. Since the bullish trend is still in place, traders may consider buying at the 1.8778 support level if price pullbacks to that support level to rejoin the bullish trend.

GBPAUDrDaily

23rd January 2015 Market Outlook

Euro Dollar – EUR/USD fell significantly lower from its 1.1642 resistance level due to the fact that we do not have any key support level below stopping price to move lower as we expected in  our 20th January 2015 Market Outlook. Traders who have shorted as we recommended may consider continue holding onto the short position while trailing the stops to protect the profits. Price is likely going to decline lower in the coming days and if price retrace back up to 1.1462 resistance level, traders may consider selling short again to rejoin the bearish trend.

EURUSDrH4

 

Euro Kiwi – Yesterday EUR/NZD rejected its 1.5410 key resistance level with full force showing bears are stepping in. Given that the trend is bearish, traders may consider selling short at this resistance level to rejoin the bearish trend. Price is likely going to resume its bearish trend in the coming days as long as price remains below the 1.5410 key resistance level.

EURNZDrDaily

 

Aussie Dollar – AUD/USD finally broke its 0.8031 key support level. The overall trend is still bearish in AUD/USD therefore if price retrace back up to its 0.8068-0.8031 resistance area and showing rejections off this resistance area, traders may then consider selling short this market to rejoin the bearish trend. There isn’t any significant support level below thus price is likely going to move lower at a faster pace.

AUDUSDrH4

22nd January 2015 Market Outlook

Kiwi Dollar – NZD/USD fell from its 0.7700 resistance level as we expected in our 21st January 2014 Market Outlook. Traders who have shorted since the 0.7848 key resistance level and 0.7700 resistance level may consider continue to hold onto the short position as price has just broke out from its trading range. Price is likely going to fall lower as there isn’t any significant support level below.

NZDUSDrH4

 

Kiwi Yen – NZD/JPY continue to fell lower after price hit its 91.79 resistance level as we expected in our 21st January 2015 Market Outlook. The trend is bearish at the moment and if price retrace back up to the 89.67–90.04 resistance area, traders may then consider selling short to ride on this bearish trend. If price breaks the 88.94 support level, price is then likely going to fall even lower as there isn’t any support level below until 85.85 which is still very far from current price.

NZDJPYrH4

 

Pound Kiwi – The 1.9363 key support level in GBP/NZD has reversed the price in GBP/NZD as we expected in our 13th January 2015 Market Outlook. The next key resistance level is not found until 2.0542 thus traders may consider buying into this market especially on pullbacks as price is likely going to retest its 2.0542 key resistance level again.

GBPNZDrDaily

21st January 2015 Market Outlook

Kiwi Yen – NZD/JPY fell lower after price hit its 91.79 resistance level as we expected in our 20th January 2015 Market Outlook. Traders who have went short as we recommended may consider taking profits at the 90.04 support area. If price breaks below the 90.04 support level, price is then likely going to move lower to its next support level at 89.67.

NZDJPYrH4

 

Kiwi Dollar – NZD/USD fell from its 0.7848 key resistance level to its 0.7620 support level as we expected in our 13th January 2015 Market Outlook. Traders who have went short at the 0.7848 key resistance level may consider taking profits at this 0.7620 support level as price is still moving sideway. Price is currently bouncing away from its 0.7620 support level and is heading to its 0.7700 resistance level. Traders may consider shorting this market if there’s sell signal at the 0.7700 resistance level. If price breaks the 0.7700 resistance level, it’s then likely going to retest its 0.7848 key resistance level again.

NZDUSDrH4

 

Euro Yen – EUR/JPY is facing its first obstacles to rally higher after it rejected the 134.74 support level. If price is able to break above the 136.87 resistance level, we could possibly see price advance higher to its next resistance level at 141.25. On the other hand, if price fail to break above the 136.87 resistance level, price is then likely going to move lower in the coming days.

EURJPYrDaily

20th January 2015 Market Outlook

Euro Aussie – EUR/AUD resume its bearish move as we expected in our 15th January 2015 Market Outlook. Price even broke the 1.4236 support level which opens up for more losses. Price is moving back up to its 1.4236 resistance level (Previous support level) and if price rejects this resistance level, traders may consider selling short at this resistance level. Traders who have went short earlier as we recommended may still consider holding onto the short position while trailing stop loss to protect the profits from giving back to the market.

EURAUDrH4

 

Kiwi Yen – NZD/JPY rally to its 91.79 resistance level after price bounce off from its 90.04 support level as we expected in our 15th January 2015 Market Outlook. Price once again rejects the 91.79 resistance level this morning showing bears are still there defending the resistance level. Traders may consider selling short at this 91.79 resistance level. The next support level is not found until 90.04 which offers traders a wide profit margin to trade the short side.

NZDJPYrH4

 

Euro Dollar – EUR/USD had a small rejection off its 1.1642 resistance level. Given that the trend is still very bearish, traders may consider selling at this resistance level to ride on this bearish trend. There isn’t any significant support level below current price which gives traders more space to short this market.

EURUSDrH4

19th January 2015 Market Outlook

Pound Loonie – GBP/CAD shot up to its 1.8260 resistance level as we expected in our 12th January 2015 Market Outlook. It rejected the 1.8260 resistance level last week showing bears are entering the market. Since the market is trading in sideway fashion and price rejected the resistance level, traders may consider selling short at the resistance level until the trading range is broken.

GBPCADrDaily

 

Gold – Gold had started its rally after broking multiple resistance levels and is picking up momentum. The current momentum is in favor to the bulls thus traders may consider going long if price pullback to support level. 1255.50 and 1239.30 support level could be the high probability areas for traders to look for buy signals.

XAUUSDrDaily

 

Pound Aussie – GBP/AUD at last broke the 1.8662–1.8560 support area. Price is quite unstable at the moment but there isn’t any major support level that could possibly stop price to fall lower until its next support level at 1.7855 which is still quite a distance away from the current price yet thus making it more likely to fall lower.

GBPAUDrDaily