29th February 2016 Market Outlook

Kiwi Dollar – NZD/USD continue to move sideway. Price decline back into its lower range of the consolidation on last Friday which traders may anticipate for a long setup to trade the range. However if price breakout below the consolidation, we could potentially see price decline even lower in the coming days.

NZDUSDrDaily

 

Euro Yen – EUR/JPY pullback into its 126.28–125.00 key resistance area and decline lower as we expected in our 25th February 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as we are likely going to see price continue to move lower in the coming days.

EURJPYrDaily

 

Silver – Silver is making its way back into the 14.55–14.37 support area. Traders may consider buying into this support area if price rejects the support area. However due to the overall trend is still bearish, traders will need to be more conservative on stop placements and profit targets.

XAGUSDrDaily

26th February 2016 Market Outlook

Pound Yen – GBP/JPY decline lower after price pullback into its 164.08 resistance level and rejected it as we expected in our 12th February 2016 Market Outlook. Traders who went short as we recommended may consider continue holding on the short position while traders who missed the shorting opportunity may consider hunt for potential short setup at the 159.70 resistance level.

GBPJPYrH4

 

Euro Dollar – EUR/USD rejected its 1.0962 support level which could potentially push price higher in the coming days. Traders may consider buying into this support level to ride on the potential rally but since the overall market is still quite choppy, traders need to be more conservative with stop loss placement and profit target.

EURUSDrDaily

 

Euro Loonie – EUR/CAD is currently trading at its 1.4898 support level. If price breaks this 1.4898 support level, we are then likely going to see price move lower in the coming days and traders may consider shorting at the breakout of the 1.4898 support level to ride on the bearish momentum. On the other hand, if price pullback into its 1.5154 resistance level, traders may also look for short setup to short this market.

EURCADrDaily

25th February 2016 Market Outlook

Gold – Gold continue to rally higher after price pullback into its 1190.00–1182.00 support area and rejected it as we expected in our 16th February 2016 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position even though we have a strong rejection bearish candle yesterday. Traders who have open long position may have their first target at 1260.00 to lock in profits.

XAUUSDrDaily

 

Euro Yen – EUR/JPY breaks below its 126.28–125.00 key support area which opened up the door for potential huge decline. Given that the trend is still bearish, traders may consider shorting this market if price pullback into its 126.28–125.00 key resistance area (Previous key support area) to ride on the bearish trend.

EURJPYrDaily

 

Aussie Kiwi – AUD/NZD continue to consolidates above its 1.0879 support level and the consolidation is getting tighter. If price breaks the consolidation and 1.0578–1.0516 support area, we are then likely going to see price decline lower into its 1.0022 support level. Traders may consider shorting this market when price breakout below its 1.0578–1.0516 support area to ride on the bearish momentum.

AUDNZDrWeekly

24th February 2016 Market Outlook

Pound Kiwi – GBP/NZD is decline into its 2.0931 support level after price breaks its 2.1500 support level as we expected in our 19th February 2016 Market Outlook. Traders who went short as we recommended may consider taking partial profits at the 2.0931 support level as price could potentially bounce a little before continue to move lower. If price breaks the 2.0931 support level, we are then likely going to see further decline in the coming weeks as there is no immediate support level below after the 2.0931 support level.

GBPNZDrDaily

 

Pound Dollar – GBP/USD continue to falls lower after price breaks its 1.4100 support level. Traders who went short at 1.4631 resistance level and 1.4360 resistance level as we recommended in our 5th February 2016 Market Outlook and 18th February 2016 Market Outlook may consider continue holding onto the short position while traders who missed the shorting opportunities may consider hunt for short setup when price pullback to the 1.4100 resistance level (Previous support level).

GBPUSDrH4

 

Euro Kiwi – EUR/NZD is currently trading at its 1.6540 support level. If price breaks the 1.6540 support level, we are then likely going to see price continue to move lower into its next support level at 1.5816. Traders may consider shorting this market when price breaks below the 1.6540 support level to ride on the bearish momentum.

EURNZDrDaily

23rd February 2016 Market Outlook

Euro Aussie – EUR/AUD fell into its 1.5330 support level after price rejected the 1.6250–1.6074 resistance area as we expected in our 15th February 2016 Market Outlook. Traders who went short as we recommended may consider taking partial profits at this support level. If price breaks the 1.5330 support level, we are then likely going to see price continue to move lower into its next support area at 1.4445–1.4351.

EURAUDrDaily

 

Pound Dollar – GBP/USD fell into its 1.4100 support level after price pullback into its 1.4360 resistance level and rejected it as we expected in our 18th February 2016 Market Outlook. Traders who went short as we recommended may consider taking partial profits at the 1.4100 support level while leaving the rest for potential further decline in the market.

GBPUSDrH4

 

Kiwi Dollar – NZD/USD is currently moving sideway and consolidating. If price breakout above the consolidation, we are then likely going to see price rally into its 0.6879 resistance level. Given that the short term momentum is bullish, traders may consider buying at the breakout of the consolidation.

NZDUSDrDaily

22nd February 2016 Market Outlook

Pound Dollar – GBP/USD pullback into its 1.4360 resistance level and fell lower after price rejected it as we expected in our 18th February 2016 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 in the coming days.

GBPUSDrH4

 

Euro Dollar – EUR/USD pullback into its 1.1055 support level as we expected in our 16th February 2016 Market Outlook. Price starts to show some rejections at the 1.1055 support level thus traders may consider buying into this market or wait for price to pullback even lower into its 1.1055 support level before buying for a safer entry.

EURUSDrH4

 

Pound Loonie – GBP/CAD fell lower after price rejected its 1.9750 resistance level as we expected in our 19th February 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price could decline lower in the coming days.

GBPCADrH4

19th February 2016 Market Outlook

Gold – Gold rally higher after price pullback into its 1190.00–1182.00 support area and rejected it as we expected in our 16th February 2016 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position while trailing the stop as price is likely going to continue to move higher in the coming days.

XAUUSDrDaily

 

Pound Loonie – GBP/CAD is approaching its 1.9750 resistance level which could potentially push price lower. Given that the overall trend is still bearish, traders may consider shorting this market if price rejects the 1.9750 resistance level. If price breaks above the 1.9750 resistance level, traders may still look for potential shorting opportunity when price rally higher into its 1.9894 resistance level.

GBPCADrH4

 

Pound Kiwi – GBP/NZD is currently consolidating at its 2.1500 support level. If price breaks below this support level, we are then likely going to see price decline into its next support level at 2.0931. Traders who went short at the 2.2452 resistance level as we expected in our 18th January 2016 Market Outlook may continue holding onto the short position with a trailing stop as price could potentially breaks the 2.1500 support level in the coming days.

GBPNZDrDaily

18th February 2016 Market Outlook

Pound Dollar – We have a nice little resistance level in GBP/USD at 1.4360 where traders may consider shorting this market if price rejects the resistance level as the overall trend is still bearish. The next support level is not found until 1.4100 which offer traders massive profit margin to trade the short side.

GBPUSDrH4

 

Loonie Dollar – USD/CAD is making its way back into its 1.3437 key support level which could potentially cause price to bounce. Given that the overall trend is still bullish, traders may consider buying into this market at the 1.3437 key support level while a more aggressive type of trader may consider shorting this market for a short term counter trend trade and have their target set near the 1.3437 key support level.

USDCADrDaily

 

Aussie Yen – AUD/JPY had a strong rejection at the 79.60 support level which could potentially push price higher in the coming days. Since the longer term trend is bearish at the moment, conservative traders may consider wait for price to pullback into its 86.18 resistance level before shorting while aggressive traders may consider buying into this market for a counter trend trade as price could potentially rally back into its 86.18 resistance level after the strong rejection at 79.60 support level.

AUDJPYrDaily

17th February 2016 Market Outlook

Pound Dollar – GBP/USD fell lower after price showed indecision at the 1.4631 resistance level as we expected in our 5th February 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind. Since the overall trend is still bearish, we are likely going to see price continue to decline lower in the coming days.

GBPUSDrDaily

 

Euro Pound – EUR/GBP is currently trading at its 0.7804 key resistance level which could potentially push price back lower into its 0.7482 support level. The short term trend has been bullish for now thus conservative traders may consider waiting for price to pullback into the 0.7482 support level before buying into this market while aggressive traders may consider shorting at this 0.7804 key resistance level to ride on the potential pullback.

EURGBPrWeekly

 

Euro Yen – EUR/JPY is currently sitting above its 126.28–125.00 key support area which if price breaks below the support area could open up the door for potential huge decline in the coming weeks. Traders may consider shorting at the breakout of 126.28–125.00 key support area or shorting on pullback to ride on the potential decline.

EURJPYrWeekly

16th February 2016 Market Outlook

Pound Loonie – GBP/CAD fell below its 1.9894 support level earlier today which turned into a resistance level now where traders may hunt for potential shorting opportunity to ride on this bearish trend. Ideally we would prefer to see price rejects the 1.9894 resistance level (Previous support level) before shorting for a safer entry.

GBPCADrH1

 

Gold – Gold pullback into its 1190.00–1182.00 support area and rejected it earlier today. Since the momentum is bullish at the moment, traders may consider buying into this market at this support area especially on the lower time frame to ride on the bullish momentum.

XAUUSDrDaily

 

Euro Dollar – EUR/USD is making its way back into the 1.1055 support level which could potentially cause price to bounce. If price rejects the 1.1055 support level, traders may then consider buying into this market as price is likely going to move higher if price rejects the 1.1055 support level.

EURUSDrDaily