31st March 2016 Market Outlook

Pound Kiwi – GBP/NZD move lower as we expected in our 14th March 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as the trend is still bearish at the moment and price is likely going to continue to decline lower in the coming days. Traders may have the first target set at the 2.0630 support level to lock in profits.

GBPNZDrDaily

 

NZD/CAD – NZD/CAD once again pullback into its 0.9050 resistance level and rejected it. Given that the overall trend is still bearish, traders may consider shorting this market to ride on the bearish momentum and have the first target set at the 0.8775 support level. Price is likely going to continue to move lower and could potentially breaks its 0.8775 support level in next price swing.

NZDCADrDaily

 

Kiwi Dollar – NZD/USD breakout above its 0.6870 resistance level yesterday which opened up the door for potential further rallies. Traders may consider hunt for potential buy setup when price pullback to the 0.6870 support level (Previous resistance level) to ride on the bullish momentum. There’s no immediate resistance level above which offer traders massive profit margin to trade the long side.

NZDUSDrDaily

30th March 2016 Market Outlook

Aussie Kiwi – AUD/NZD pullback into its 1.1083 support level as we expected in our 21st March 2016 Market Outlook. If price rejects the 1.1083 support level, traders may then consider buying into this market as the overall trend is still bullish at the moment. The next resistance area is not found until 1.1425–1.1375 which offer traders massive profit margin to trade the long side.

AUDNZDrDaily

 

Pound Aussie – GBP/AUD rejected its 1.9097–1.8982 resistance area yesterday which could potentially push price lower in the coming days. Given that the overall trend is still bearish, traders may consider shorting this market to ride on the bearish trend. The next support level is not found until 1.8600 which offer traders huge profit margin to trade the short side.

GBPAUDrDaily

 

Aussie Yen – AUD/JPY is forming ascending triangle chart pattern at the 86.31 resistance level which if price breakout above the resistance level, price is then likely going to continue to rally higher into its next resistance level at 90.70. Traders may consider buying into this market at the breakout of the triangle chart pattern to ride on the potential bullish momentum.

AUDJPYrDaily

28th March 2016 Market Outlook

Pound Dollar – GBP/USD rejected its trendline and decline lower. Price is likely going to continue to move lower into its 1.4050 support level in the near term. If price is able to breaks the 1.4050 support level, we are then likely going to see price decline even further into its next support level at 1.3835.

GBPUSDrH4

 

Kiwi Dollar – NZD/USD is likely going to continue to move lower into its 0.6560 support level in the near term as the price is still ranging in a tight consolidation. Aggressive traders may consider sell short and trade pice into the 0.6560 support level while conservative traders may consider waiting for price to pullback into the support level before going long.

NZDUSDrDaily

 

Silver – Silver is currently consolidating at the 15.15 support level which if price breaks the support level, we are then likely going to see price continue to decline lower into its next support level at 14.61. However if price performs a strong rejections at this 15.15 support level, traders may then consider buying into this market.

XAGUSDrH4

25th March 2016 Market Outlook

Japanese Yen – USD/JPY continue to rally higher despite all the resistance levels in the lower time frames. The short term momentum is clearly bullish at the moment and price is likely going to continue to rally higher into its upper end of the trading range at 114.85–114.45 resistance area. If price pullback into its 114.85–114.45 resistance area and rejected it, traders may then consider shorting this market as price is likely going to continue to move lower in the coming weeks.

USDJPYrDaily

 

Aussie Dollar – We have a rejection of lower prices in AUD/USD yesterday which could potentially push price back higher. However, there’s no obvious support level of the rejection thus conservative traders may consider waiting the market to decline further into its 0.7420–0.7380 support area before buying into this market while aggressive traders may consider buying into yesterday price rejection to ride on the bullish momentum.

AUDUSDrDaily

 

Swedish Krona – USD/SEK continue to rally higher and is approaching its 8.3400 resistance level. GIven that the momentum is bearish at the moment, traders may consider shorting around the 8.3400 resistance level to ride on the bearish momentum. There is no immediate support level below until 8.1000 which offer traders massive profit margin to trade the short side.

USDSEKrDaily

24th March 2016 Market Outlook

Gold – Gold breaks below the 1226.80 support level yesterday which opened up the door for potential further losses in the coming days. The momentum had turned bearish after price broke its 1226.80 support level thus traders may consider shorting this market especially when price pullback to the 1226.80 resistance level (Previous support level).

XAUUSDrH4

 

Euro Pound – EUR/GBP continue to rally into its 0.7925 resistance level after price rejected its 0.7695 support level as we expected in our 4th March 2016 Market Outlook. Traders who went long as we recommended may consider taking partial profits at the 0.7925 resistance level while leaving the rest position to rally further with a trailing stop behind. If price breakout above the 0.7925 resistance level, we are then likely going to see price rally higher into its next resistance level at 0.8030.

EURGBPrH4

 

Aussie Dollar – AUD/USD starts to pullback into its 0.7420–0.7380 support area after price rejected its 0.7590 resistance level. Given that the momentum is still bullish at the moment, traders may consider buying into this market when price pullback into the 0.7420–0.7380 support area. Ideally we would prefer to see price rejects this support area before buying into this market for a safer entry.

AUDUSDrDaily

23rd March 2016 Market Outlook

Norwegian Krone – USD/NOK pullback into its 8.4600 resistance level and rejected it as we expected in our 22nd March 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as there is no immediate support level below until 8.0430.

USDNOKrDaily

 

Euro Dollar – EUR/USD pullback into its 1.1215 support level and consolidates above it. If price breakout above the black square indicated on the chart, traders may then consider buying into this market as the momentum is bullish at the moment. On the other hand, if price breaks below it, we are then likely going to see price decline lower in the coming days.

EURUSDrH4

 

Japanese Yen – USD/JPY breakout above its 112.20 resistance level and rally into its next resistance area at 112.65–112.45 which traders may hunt for shorting opportunity as the trend is bearish at the moment. Ideally we would prefer to see price rejects the resistance level before shorting for a safer entry.

USDJPYrH4

22nd March 2016 Market Outlook

Euro Dollar – EUR/USD is making its way back into its 1.1215 support level. If price rejects this support level, traders may then consider buying into this market as the short term trend is bullish at the moment. The next resistance level is at 1.1370 which may serve as the first target for traders to lock in profits.

EURUSDrH4

 

Japanese Yen – USD/JPY rejects its 110.95–110.00 support area and rally into its 112.20 resistance level which traders may consider shorting as the trend is bearish at the moment. However traders may need to be cautious with the 110.95–110.00 support area as the decline could be limited by the 110.95–110.00 support area.

USDJPYrH4

 

Norwegian Krone – We have a nice little resistance level in USD/NOK at 8.4600 which traders may consider shorting as the short term trend is clearly bearish at the moment. Threre is no immediate support level below which offer traders massive profit margin to trade the short side.

USDNOKrDaily

21th March 2016 Market Outlook

Loonie Dollar – USD/CAD is currently finding some support below and starts to pullback higher. If price pullback to the 1.3200 resistance level, traders may hunt for potential short setup to ride on the bearish trend. Ideally we would prefer to see price to rejects the resistance level before shorting for a safer entry.

USDCADrH4

 

Aussie Kiwi – AUD/NZD is consolidating at the moment. We could potentially see price pullback to the 1.1083 support level if price couldn’t continue to rally higher. If price pullback to the 1.1083 support level, traders may consider buying into this market as price is likely going to rally higher with its bullish trend. Traders who are long may consider have the first target set at the 1.1425–1.1375 resistance area.

AUDNZDrDaily

 

Swedish Krona – USD/SEK could potentially pullback higher before continue to decline lower. Traders who went short as we recommended in our 15th March 2016 Market Outlook may consider holding on the long position while traders who missed the breakout shorting opportunity may consider look for shorting opportunity on pullbacks to ride on this bearish momentum.

USDSEKrDaily

18th March 2016 Market Outlook

Pound Dollar – GBP/USD printed higher lows and higher high on the chart which could potentially be a new trend coming in. Given that the short term trend is bullish at the moment, traders may consider buying into this market if price pullback into its 1.4434 support level. Price is likely going to continue to move higher can may hit its 1.4663 resistance level in the near term.

GBPUSDrH4

 

Aussie Dollar – AUD/USD continue to rally higher after price pullback into its 0.7420–0.7380 support area as we expected in our 14th March 2016 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position while traders who missed the buying opportunity may still hunt for potential buy setups when price pullback to the 0.7590 support level. There is no immediate resistance level above which offer traders huge profit margin to trade the long side.

AUDUSDrH4

 

Japanese Yen – USD/JPY once again retest its 110.95–110.00 support area which if broken, price is then likely going to have another free fall coming off from the breakout. Given that the recent momentum is bearish in this market. Traders may consider shorting this market at the breakout of 110.95–110.00 support area to ride on the bearish trend.

USDJPYrDaily

17th March 2016 Market Outlook

Euro Aussie – EUR/AUD decline into its 1.4445–1.4351 support area as we expected in our 23rd February 2016 Market Outlook. Traders who went short as we recommended in our 23rd February 2016 Market Outlook & 15th February 2016 Market Outlook may consider taking profits at the 1.4445–1.4351 support area as price could potentially bounce back into the 1.5330 resistance level before moving lower.

EURAUDrDaily

 

Aussie Dollar – AUD/USD pullback into its 0.7420–0.7380 support area and shot up higher as we expected in our 14th March 2016 Market Outlook. Traders who went long as we recommended may consider taking partial profits while leaving the rest position to run further with a trailing stop behind as price is likely going to continue to move higher in the coming days.

AUDUSDrH4

 

Swedish Krona – USD/SEK fell lower after price breakout away from its 8.3230 key support level as we expected in our 15th March 2016 Market Outlook. Traders who went short at the breakout of 8.3230 key support level may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue to move lower into its next key support level at 8.1000.

USDSEKrDaily