30th November 2015 Market Outlook

Pound Dollar – GBP/USD hit our first target at the 1.5020 support level after price rejected the 1.5246 resistance level as we expected in our 23rd November 2015 Market Outlook. Traders who went short as we recommended may consider taking partial profits off the table at the 1.5020 support level while leaving the rest to run further with a trailing stop behind.

GBPUSDrDaily

 

Euro Swiss Franc – EUR/CHF rally into its minor resistance level at 1.0915 after price rejected the 1.0790 support level. Traders may consider buying into this market if price breakout above the 1.0915 resistance level as if price breakout above the resistance level, we are then likely going to see price continue to rally higher into its next resistance level at 1.1050.

EURCHFrDaily

 

Euro Yen – The bearish trend in EUR/JPY continue to move lower after price fell through its support levels. Given that the trend is still bearish, traders may look for shorting opportunities to jump on this bearish trend. 131.11–130.75 resistance area may offer traders some short term shorting opportunities which traders may look to short the market when price pullback to the resistance area.

EURJPYrH4

27th November 2015 Market Outlook

Aussie Loonie – AUD/CAD decline after price rejected the 0.9668 resistance level. Since the overall trend is still bullish, traders may look for buying opportunity at the 0.9578 support level to jump on the bullish trend while traders who went long as we recommended in our 20th November 2015 Market Outlook and 13th November 2015 Market Outlook may consider continue holding onto the long position while taking advantage of the bullish trend when price pullback to the 0.9578 support level to maximize the potential profits of this bullish trend.

AUDCADrH4

 

Pound Kiwi – GBP/NZD fell lower after price performed a false breakout at the 2.3400 resistance level as we expected in our 4th November 2015 Market Outlook. Traders who shorted this market as we recommended may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue to move lower and may retest its 2.2452 support level in the coming days.

GBPNZDrDaily

 

Aussie Kiwi – The momentum in AUD/NZD had turned bullish again after price broke the 1.0879 resistance level. Traders may consider buying into this market if price pullback to the 1.0879 support level as price may continue to rally higher as there is no significant resistance level above until 1.1425–1.1397 resistance area.

AUDNZDrDaily

26th November 2015 Market Outlook

Aussie Dollar – AUD/USD continue to rally higher after price breakout above its 0.7223–0.7210 resistance area as we expected in our 20th November 2015 Market Outlook. Traders who went long as we recommended in our 19th November 2015 Market Outlook may consider continue holding onto the long positions and may scale in the position at the 0.7223–0.7210 support area (Previous resistance area) as price is likely going to continue to rally higher. Traders who missed the trade earlier may also consider looking for buying opportunities at the 0.7223–0.7210 support area to jump on this bullish momentum.

AUDUSDrH4

 

Pound Aussie – GBP/AUD started to bounce after price rejected the 2.0783 support level and is making its way back into the 2.1000 resistance level. Given that the overall trend is still bearish, traders may consider shorting this market when price pullback to the 2.1000 resistance level. Ideally, we would prefer to see price rejects the resistance level before shorting for a safer entry. If price breaks the 2.1000 resistance level, traders may still look for shorting opportunities at the 2.1131–2.1099 resistance area as it’s also a valid shorting area for traders to hunt for trading opportunities.

GBPAUDrH4

 

Euro Loonie – EUR/CAD is still in a bearish trend and we have a potential short term trading opportunity at the 1.4160 resistance level. Traders may consider look for short term shorting opportunity at the 1.4160 resistance level to ride on this bearish trend. There’s no immediate support level until 1.4000 which offer traders huge profit margin to trade the short side.

EURCADrH1

25th November 2015 Market Outlook

Pound Yen – GBP/JPY rallied higher into its 187.64 resistance level after price rejected its 184.45–183.90 support area as we expected in our 6th November 2015 Market Outlook and 9th November 2015 Market Outlook. Price once again pullback to its 184.45–183.90 support area after price hit the 187.64 resistance level. Traders may consider looking for buying opportunity at this 184.45–183.90 support area as price might once again bounce at this support area but since this is the third retest, price might breaks this support level and decline lower thus traders who intend to buy into this market need to be more cautious when placing stops and profit target.

GBPJPYrH4

 

Pound Dollar – GBP/USD continue to decline lower after price rejected its 1.5246 resistance level as we expected in our 23rd November 2015 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to resume its bearish trend. Traders may have their first target set at the previous swing low at around 1.5020 price level to lock in profits before this swing ends.

GBPUSDrDaily

 

Silver – Silver bounced at the 13.98 key support level which may cause price to retrace back to its 14.40 resistance level before continue to move lower. Given that the overall trend is still bearish, traders may consider looking for shorting opportunity when price pullback to the 14.40 resistance level. Ideally, we would prefer to see price rejects the 14.40 resistance level before shorting for a safer entry.

XAGUSDrH4

24th November 2015 Market Outlook

Aussie Loonie – AUD/CAD rallied significantly higher after price breakout above the 0.9578 resistance level as we expected in our 20th November 2015 Market Outlook. Traders who went long at the breakout of the 0.9578 resistance level or at the rejection of 0.9442 support level as we expected in our 13th November 2015 Market Outlook may consider continue holding onto the long position while taking advantage of the bullish trend when price pullback to the 0.9578 support level (Previous resistance level) to maximize the potential profits of this bullish trend, traders who missed the buying opportunities may as well buy into this market when price pullback to the 0.9578 support level.

AUDCADrH4

 

Aussie Yen – AUD/JPY rallied higher after it breakout away from its consolidation as we expected in our 12th November 2015 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 rally into its 89.33 resistance level in the near term.

AUDJPYrDaily

 

Euro Pound – EUR/GBP is currently trading at its 0.7042–0.7025 resistance area which traders may consider shorting as the trend is still bearish at the moment. Ideally, we would like to see price rejects this resistance area before shorting for a safer entry. Traders may also consider look into smaller time frame charts for shorting confirmation to get a more precise entry point.

EURGBPrH4

23rd November 2015 Market Outlook

Silver – Silver fell lower into its 13.98 support level after price rejected the 14.40 resistance level. Traders who went short as we recommended may consider taking partial profits off the table to lock in the profits while leaving the rest to run further to maximize the potential profits from this bearish trend. If price is able to cut through the 13.98 support level, we are then likely going to see further decline in this market as it is a key major support level at the moment.

XAGUSDrH4

 

Loonie Dollar – USD/CAD breakout from its 1.3350–1.3325 resistance area earlier today which could potentially push price higher into the 1.3450 resistance level. Traders who went long at the 1.2830–1.2780 key support area as we recommended in our 19th October 2015 Market Outlook may continue to trail their stops as price is likely going to retest its 1.3450 resistance level in the near term.

USDCADrDaily

 

Pound Dollar – GBP/USD had a huge rejection at the 1.5246 resistance level which traders may consider shorting as price is likely going to decline lower after such a huge rejection especially when it took place at the resistance level. If price indeed move lower after this rejection, traders may have their first target set at the previous swing low at around 1.5020 price level.

GBPUSDrDaily

20th November 2015 Market Outlook

Aussie Loonie – AUD/CAD rallied higher into its 0.9578 resistance level after price rejected the 0.9442 support level and broke its 0.9505 resistance level as we expected in our 19th November 2015 Market Outlook and 13th November 2015 Market Outlook. Traders who went long as we recommended may consider taking profits at the 0.9578 resistance level. If price is able to breakout above the 0.9578 resistance level, we are then likely going to see price continue to rally higher in the coming days.

AUDCADrH4

 

Aussie Dollar – AUD/USD rallied into its 0.7223–0.7210 resistance area as we expected in our 19th November 2015 Market Outlook. Traders who went long may consider taking profits at the 0.7223–0.7210 resistance area as price could potentially reverse back down and resume its bearish trend. However if price is able to close above the 0.7223–0.7210 resistance area, we are then likely going to see further rally in this market in the coming days.

AUDUSDrH4

 

Gold – Gold performed a false breakout at the 1071.00 support level which could potentially cause price to retrace back into its 1105.00–1100.00 resistance area before continue to move lower. Given that the longer term trend is still bearish, conservative traders are recommended to stay at the sideline while waiting for price to pullback to the 1105.00–1100.00 resistance area before shorting while aggressive traders may consider taking a short term counter trend trade by buying into this market till price hit the 1105.00–1100.00 resistance area.

XAUUSDrDaily

19th November 2015 Market Outlook

Aussie Loonie – AUD/CAD rallied higher after price rejected the 0.9442 support level as we expected in our 13th November 2015 Market Outlook. Traders who went long as we recommended may consider taking partial profits at the 0.9505 resistance level while leaving the rest to run further. If price is able to break the 0.9505 resistance level, we are then likely going to see price rally higher into its 0.9578 resistance level in the coming days.

AUDCADrH4

 

Kiwi Dollar – NZD/USD rejected its 0.6447–0.6401 support area yesterday which could potentially lead price higher into its 0.6641–0.6619 resistance area before continue to decline lower. Since this is a counter trend trader, conservative traders are recommended to wait at the sideline while aggressive traders may consider buying into this market for a short term counter trend trade into the 0.6641–0.6619 resistance area.

NZDUSDrDaily

 

Aussie Dollar – AUD/USD breakout away from its consolidation earlier today which could potentially lead price higher into its 0.7223–0.7210 resistance area in the near term which traders may look for potential buying opportunities to trade into the resistance area. However due to the overall trend is still bearish, traders need to be more cautious when placing stops and target as price could reverse and continue to trade with the overall bearish trend anytime.

AUDUSDrH4

18th November 2015 Market Outlook

Euro Yen – EUR/JPY fell lower into its 131.27 support level after price rejected the 133.25 resistance level as we expected in our 4th November 2015 Market Outlook. Traders who went short as we recommended may consider taking partial profits at the 131.27 support level while leaving the rest to run further. If price is able to breaks the 131.27 support level, we are then likely going to see price continue to move lower in the coming days as there is no immediate support level below after the 131.27 support level.

EURJPYrH4

 

Silver – Silver continues to fell lower and breaks the 14.40 support level as we expected in our 10th November 2015 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to continue to move lower into its next support level at 13.98. Traders who went short at the break of the 15.27 support level and 14.75 support level as we recommended in our 3rd November 2015 Market Outlook and 5th November 2015 Market Outlook may continue to hold onto the short positions as well with a trailing stop behind to protect the profits.

XAGUSDrH4

 

Euro Pound – EUR/GBP continue to fell lower and is heading towards its 0.6950–0.6934 support area after price breaks the previous swing low at 0.7040 as we expected in our 12th November 2015 Market Outlook. Traders who went short at the 0.7195 resistance level as we recommended in our 6th November 2015 Market Outlook may consider continue holding onto the short position while traders who missed the shorting opportunity at the 0.7195 resistance level may consider short this market if price pullback to the 0.7042–0.7025 resistance area.

EURGBPrDaily

17th November 2015 Market Outlook

Loonie Dollar – USD/CAD rallied into its 1.3350–1.3325 resistance area after price rejected its 1.2830–1.2780 key support area as we expected in our 19th October 2015 Market Outlook. Traders who went long at the 1.2830–1.2780 key support area as we recommended may consider taking partial profits at the 1.3350–1.3325 resistance area while leaving the rest to continue to run further. If price is able to closed above the 1.3350–1.3325 resistance area, we are then likely going to see price continue to rally higher into its next resistance level at 1.3450.

USDCADrDaily

 

Euro Dollar – EUR/USD continue to decline lower after price rejected the 1.0850–1.0820 resistance area as we expected in our 13th November 2015 Market Outlook. Traders who went short at the 1.1114–1.1090 resistance area as we recommended in our 27th October 2015 Market Outlook and those who shorted at the 1.0850–1.0820 resistance area may consider continue holding onto the short position with a trailing stop as price is likely going to continue its bearish trend in the coming days.

EURUSDrH4

 

Pound Dollar – GBP/USD fell lower after price rejected its 1.5246 resistance level as we expected in our 12th November 2015 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop to secure the profits from giving back to the market. Price is likely going to continue to move lower into its next support level at 1.4983.

GBPUSDrDaily