27th February 2015 Market Outlook

Kiwi Dollar – NZD/USD rallied higher to its 0.7620 resistance level after price rejected the 0.7450 support level as we expected in our 24th February 2015 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position at the 0.7620 resistance level to lock in the profits. The overall trend is still bearish thus there’s the possibility that price might reject this 0.7620 resistance level and resume its bearish trend.

NZDUSDrH4

 

Euro Dollar – EUR/USD finally broke the 1.1290 support level ending the 3 weeks consolidation. Given that the long term trend is still bearish, traders may look for selling opportunities in EUR/USD as price is likely going to decline lower to its 1.1112 support level. If price retrace back up to the 1.1290 resistance level (Previous support level), that would be even better for traders to sell short as it may provide a better entry for short sellers.

EURUSDrH4

 

Gold – Gold retraced back up to its 1219.42 resistance level and performed a rejection at the resistance level as we expected in our 25th February 2015 Market Outlook. Since the long term trend is still bearish, traders may consider taking a short trade at this 1219.42 resistance level to rejoin the bearish trend. Price is likely going to move lower in the coming days and might retest its 1171.76 support level as well.

XAUUSDrH4

26th February 2015 Market Outlook

Pound Dollar – The minor support level at 1.5350 in GBP/USD that we discussed about in our 17th February 2015 Market Outlook has pushed price higher and breaks through all the resistance levels above it. Price continue to prints higher high and higher low on the chart after it breakout from its trading range. Since the short term trend is bullish at the moment, traders may consider buying at the 1.5474 support level if price pullback to it to join this bullish momentum.

GBPUSDrH4

 

Aussie Dollar – AUD/USD breaks higher and pullback to its 0.7845 support level. The long term trend is still bearish but the short term momentum is bullish thus traders may consider buying into this market to join the bullish momentum. Due to the fact that the overall trend is still bearish, traders will need to be more cautious towards stop loss placement and profit targets. Waiting for a confirmation before going long could increase the probability of long trades.

AUDUSDrH4

 

Kiwi Yen – NZD/JPY is currently trading just below its 89.92 key resistance level and is struggling to breaks through this key resistance level. If price breaks through this 89.92 key resistance level, traders may consider buying at the breakout of the key resistance level as the overall trend is still bullish. On the other hand, if price couldn’t breaks through this 89.92 key resistance level and rejects it, we are then likely going to see price falls back to its 88.22–87.67 support area.

NZDJPYrDaily

25th February 2015 Market Outlook

Kiwi Dollar – NZD/USD rallied higher after price rejected the 0.7450 support level as we expected in our 24th February 2015 Market Outlook. Traders who went long as we recommended may consider continue holding on to the long position while having a trailing stop behind to protect the profits. Price is likely going to continue to move higher and we wouldn’t be surprise if price hit the 0.7620 resistance level this week.

NZDUSDrH4

 

Gold – Gold is retracing back up to its 1219.42 resistance level. If price indeed retrace back up to that resistance level, traders may consider selling at this resistance level as the long and short term trend is still bearish at the moment. Price is likely going to resume its bearish trend in the coming days and if price breaks above this 1219.42 resistance level, traders may still look for selling opportunities at the next resistance level at 1255.50.

XAUUSDrH4

 

Euro Dollar – EUR/USD continue to trade within the range of 1.1462 resistance level and 1.1290 support level for the last 3 weeks. It’s a very tight range and price may breakout anytime. In the meantime, traders may continue to buy low at the 1.1290 support level and sell high at the 1.1462 resistance level until price breakout. If price breaks below the 1.1290 support level, we are then likely going to see price decline lower to its next support level at 1.1112.

EURUSDrH4

24th February 2015 Market Outlook

Kiwi Dollar – NZD/USD pullback to its 0.7450 support level after price broke away from its consolidation last week. This 0.7450 support level could be a potential buying opportunity for traders as the short term momentum is bullish. However due to the overall bearish trend, price may resume its bearish trend anytime thus waiting for a confirmation at the 0.7450 support level before going long will offer a safer entry for traders.

NZDUSDrH4

 

Kiwi Yen – NZD/JPY couldn’t break through the 89.92 key resistance level and is currently heading down to its 88.22–87.67 support area. The long term trend is still bullish therefore traders may consider buying into this market if price pullback to its 88.22–87.67 support area. If price bounce from its 88.22–87.67 support area, price might breaks through the 89.92 key resistance level and rally higher to its next resistance level at 91.79.

NZDJPYrH4

 

Aussie Swiss Franc – While majority of the traders are avoiding trading the CHF pairs after the Black Swan event, we see a potential buying opportunity in AUD/CHF. Price is showing weakness at the moment in this currency pair and is likely going to pullback to its 0.7270 support level. If price indeed pullback to that support level, traders may then look for buying opportunity at this support level to rejoin the current short term bullish momentum.

AUDCHFrH4

23rd February 2015 Market Outlook

Swiss Franc Yen – CHF/JPY finally pullback to a key support level at 124.54. Price also performed a rejection at this support level on last Friday showing bulls are trying to load up their positions. Since the overall trend is clearly bullish at the moment, traders may consider buying at this support level to rejoin the bullish trend.

CHFJPYrDaily

 

Euro Aussie – EUR/AUD rejects the 1.4408 support level last Friday, market is moving sideway over the longer term outlook but on shorter term horizon, momentum is slightly bearish. Traders may still consider buying at this 1.4408 support level but need to be more cautious in protecting the profits and limiting losses.

EURAUDrH4

 

Euro Kiwi – EUR/NZD fell significantly lower after price rejected its 1.5668 resistance level with full force as we expected in our 6th February 2015 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind to protect the profits. Price is likely going to retest its 1.4816 support level in the near term.

EURNZDrDaily

18th February 2015 Market Outlook

Kiwi Yen – NZD/JPY rally into its 89.92 resistance level after price pullback to its 88.22–87.67 support area as we expected in our 11th February 2015 Market Outlook. Traders who have went long at the support area as we recommended may consider taking partial profits at this 89.92 resistance level while leaving the rest to run further with a trailing stop behind to protect the profits. If price breaks this 89.92 resistance level, we are then likely going to see price continue to rally higher while if price rejects this resistance level, price is then likely going to retest its 88.22–87.67 support area again in the near future.

NZDJPYrH4

 

Aussie Dollar – AUD/USD continues to consolidate at the 0.7717 support level and is showing some rejections at this 0.7717 support level. Given that the overall trend is still bearish, conservative traders may wait for a retrace back up to its 0.8068-0.8031 resistance area before shorting for a safer entry while aggressive traders may consider taking a counter trend trade at this 0.7717 support level with a target near the 0.8068-0.8031 resistance area.

AUDUSDrDaily

 

Silver – Silver fell to its 16.30 support level yesterday. If price rejects this support level, traders may consider buying into this market as price might rally higher from here. However if price breaks the 16.30 support level, we are then likely going to see price decline to its 15.55 support level.

XAGUSDrDaily

17th February 2015 Market Outlook

Pound Dollar – GBP/USD is facing its first resistance level after breaking out from its 1.5218 level. If price fails to breaks above the current resistance level at 1.5434, we are then likely going to see price decline lower. There’s a minor support level below at 1.5350 (Blue horizontal line), if price breaks this support level, it’s then likely going to retest its 1.5218 support level.

GBPUSDrH4

 

Aussie Kiwi – AUD/NZD is currently trading at the key support level at 1.0348. If price breaks through this key support level, price is then likely going to decline lower in the coming weeks. The overall trend is bearish though thus traders may consider taking a short trade at resistance level to rejoin the bearish trend. Aggressive traders may also consider short selling when price breaks the 1.0348 support level.

AUDNZDrDaily

 

Loonie Yen – CAD/JPY remains in consolidation for the last 2 weeks. Price may breakout either way and traders may consider taking a long/short trade when price breaks above/below the consolidation. If price breaks above the consolidation, we might then see price retest its 99.08 resistance level.

CADJPYrDaily

16th February 2015 Market Outlook

Kiwi Dollar – NZD/USD finally broke through the 0.7450 resistance level showing strength of bulls. Traders may consider buying into this market if price pullback to its 0.7450 support level (Previous resistance level). Given that the overall trend is still bearish, traders who are considering taking long trades may need to be more cautious as price may resume the bearish trend anytime but the breakout of the 0.7450 resistance level could be an early sign for a reversal coming thus is still valid to take a long trade at a pullback.

NZDUSDrH4

 

Kiwi Yen – NZD/JPY pullback to its 88.22–87.67 support level and rally higher as we expected in our February 2015 Market Outlook. Traders who have went long at the support area as we recommended may consider continue holding onto the long position as the overall long term trend is still bullish.  The next key resistance level is at 89.92 which offer traders a decent margin to trade the long side.

NZDJPYrH4

 

Japanese Yen – USD/JPY tried to end the long consolidation and breakout away from its triangle but failed to continue its rally after price broke out. Price quickly snaps back to its triangle leaving a false break in USD/JPY. If price remains within this triangle, we are then likely going to see price decline. It’s best to wait at the sideline for price to shows its hand before jumping in but over the shorter term, price is likely going to decline before deciding which way the market wanted it to go.

USDJPYrDaily

13th February 2015 Market Outlook

Euro Dollar – EUR/USD moved higher and is approaching its 1.1462 resistance level as we expected in our 10th February 2015 Market Outlook. Traders who have went long as recommended may consider taking profits at the 1.1462 resistance level or scale out the position while leaving the rest to run further. If price breaks above this 1.1462 resistance level, we could potentially see price surge higher in the coming weeks as the next resistance level is not seen until 1.1462.

EURUSDrH4

 

Pound Dollar – GBP/USD moved higher as we expected in our 9th February 2015 Market Outlook after price pullback to the 1.5218 support level. Traders who bought at the 1.5218 support level as we recommended may consider taking partial profits at the 1.5434 resistance level while leaving the rest to run further. Price is likely going to rally higher if it breaks through the 1.5434 resistance level decisively while if price rejects the 1.5434 resistance level, traders will need to be more cautious and may consider taking full profits at the 1.5434 resistance level.

GBPUSDrH4

 

Kiwi Dollar – NZD/USD rally into its 0.7450 resistance level after it rejected its lower end of the current consolidation as we expected in our 12th February 2015 Market Outlook. Price is currently trying to break above the 0.7450 resistance level after a long consolidation. A break above this 0.7450 resistance level could lead price even higher in the coming days while if price rejects the 0.7450 resistance level, traders may consider shorting this resistance level.

NZDUSDrH4

12th February 2015 Market Outlook

Kiwi Dollar – NZD/USD fell lower after it hit the higher end of the consolidation as we expected in our 11th February 2015 Market Outlook. Traders who have went short as we recommended may consider taking partial profits at the lower end of the consolidation. If price rejects the lower end of the consolidation, we might see price rally from here. On the other hand, a break below this consolidation may send price even lower in the coming days.

NZDUSDrH4

 

Pound Loonie – GBP/CAD rejected its 1.9270 resistance level yesterday showing bears are waiting at the 1.9270 resistance level. Since the trend is still bullish, aggressive traders may consider taking a counter trend trade at this resistance level while conservative traders may wait for a pullback to its 1.8648–1.8500 support area before going long or wait for a breakout above this 1.9270 resistance level before buying to trade with the trend.

GBPCADrDaily

 

Euro Yen – EUR/JPY did not fell lower after it hit the 134.61 resistance level but rally higher and is approaching its 137.28 resistance levle. If price rejects this resistance level, traders may consider selling short as the current momentum of this market is still bearish.

EURJPYrDaily