30th November 2016 Market Outlook

Japanese Yen – USD/JPY rejected its 111.30 support level yesterday which could potentially cause price to rally higher in the coming days. Given that the trend is bullish at the moment, traders may consider buying into this market to ride on the bullish trend. There is no immeidate resistance level above which offer traders great profit margin to trade the long side of the market.

usdjpyrdaily

 

Kiwi Dollar – NZD/USD breakout above its 0.7100–0.7085 resistance area yesterday which opened up the door for potential further rally. Traders may hunt for potential buying opportunities if price pullback into the 0.7100–0.7085 support area (Previous resistance level). Ideally we would prefer to see price rejects the support area before buying into this market for a safer entry.

nzdusdrh4

 

Aussie Loonie – AUD/CAD is moving back into the 1.0130 resistance level. If price rejects the 1.0130 resistance level, aggressive traders may consider shorting this market while conservative traders may wait for price to pullback into support level and buy into this market as the trend is still quite bullish at the moment until price make another lower low.

audcadrdaily

29th November 2016 Market Outlook

Aussie Dollar – AUD/USD continue to rally higher and is approaching its 0.7510 resistance level. Given that the trend is still bearish, traders may consider shorting this market when price pullback into the 0.7510 resistance level. Ideally we would prefer to see price rejects the 0.7510 resistance level before shorting for a safer entry.

audusdrdaily

 

Euro Swedish Krona – EUR/SEK is currently trading at its 9.7500 support level which could potentially cause price to rally higher in the coming days as the long term trend is still bullish. The bears are getting weaker as we could see through the smaller size of the bearish candles. Traders may wait for price to breakout above last Thursday high before buying as it may serve as a confirmation for traders to avoid false signal.

eursekrdaily

 

Pound Aussie – GBP/AUD consolidates above its 1.6720 resistance level last week and started to decline back lower below its 1.6720 resistance level which traders may serve as a sign for potential further decline. Since the overall trend is still bearish, traders may consider shorting this market to jump on the bearish trend. The next support level is located at 1.5715 which offer traders huge profit margin to trade the short side of the market.

gbpaudrdaily

28th November 2016 Market Outlook

Euro Dollar – EUR/USD decline into its 1.0520 support level after price breakout below its 1.0710 support level as we expected in our 18th November 2016 Market Outlook and started to bounce off its 1.0520 support level. If price pullback into its 1.0710 resistance level (Previous support level), traders may then hunt for potential short setups as we are still in a bearish trend at the moment.

eurusdrdaily

 

Gold – Gold continue to fell lower after price breakout below its 1202.00 support level as we expected in our 21st November 2016 Market Outlook. Price is trying to retrace back into its 1202.00 resistance level (Previous support level) where traders may hunt for potential short setups to jump on this bearish trend. Ideally we would prefer to see price rejects this 1202.00 support level before shorting this market for a safer entry.

xauusdrdaily

 

Loonie Yen – CAD/JPY momentum is very bullish recently which offers traders buying opportunities to profit from the bullish swing. Given that the momentum is bullish at the moment, traders may consider buying into this market if price pullback into the 82.25 support level as this support level has been tested for quite a few times and shows more reliability. However traders may still wait for confirmation before buying into this market to avoid false signal.

cadjpyrdaily

25th November 2016 Market Outlook

Gold – Gold continue to fell lower after price breakout below its 1202.00 support level as we expected in our 21st November 2016 Market Outlook. Traders who went short as we recommended in this massive bearish swing may consider continue holding onto the short position with a trailing stop as price is likely going to continue to decline lower in the coming days. Traders who missed this whole massive swing may still hunt for potential short setups to jump on this bearish trend.

xauusdrdaily

 

Euro Yen – EUR/JPY continue to rally higher after price breakout above its 116.30 resistance level and rally higher as we expected in our 11th November 2016 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price could potentially rally even higher since price had breakout its 119.00–118.45 resistance area yesterday. The next resistance level is located at 122.10 which offer traders massive profit margin to look for opportunities to scale in the position.

eurjpyrdaily

 

Aussie Yen – AUD/JPY shot up higher after price rejected the 81.10 support level as we expected in our 22nd November 2016 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price is likely going to continue to rally higher into its next resistance level at 86.31.

audjpyrdaily

24th November 2016 Market Outlook

Japanese Yen – USD/JPY continue to rally higher and even breaks through its 111.85 resistance level as we expected in our 15th November 2016 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price is likely going to continue to rally higher after price breakout the 111.85 resistance level. The next key resistance level is located at 116.16 which offer traders massive profit margin to trade the long side of the market. Traders who missed the buying opportunity may still hunt for potential buy setups to ride on this massive bullish momentum.

usdjpyrdaily

 

USD/PLN – USD/PLN shot up higher after price rejected its 4.1450–4.1250 support area as we expected in our 23rd November 2016 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 still printing new highs and the momentum is unlikely to reverse anytime soon.

usdplnrh4

 

Aussie Dollar – AUD/USD decline lower after price rejected its 0.7445 resistance level as we expected in our 23rd November 2016 Market Outlook. Traders who went short at the 0.7445 resistance level as we recommended may consider continue holding onto the short position as price is likely going to continue to move lower to its next support level at 0.7290.

audusdrh4

23rd November 2016 Market Outlook

Aussie Dollar – AUD/USD is making its way back into the 0.7445 resistance level as we expected in our 18th November 2016 Market Outlook where traders may hunt for potential shorting opportunity to jump on this bearish momentum. Traders who went short at the 0.7755–0.7730 resistance area as we recommended in our 9th November 2016 Market Outlook may scale into the short position to maximize the potential profits of this strong bearish momentum. Ideally we would prefer to see price rejects the 0.7445 resistance level before shorting for a safer entry.

audusdrdaily

 

Euro Loonie – EUR/CAD is currently trading at the lower end of its trading range at 1.4265–1.4180 support area. Given that we are still trading within a trading range, traders may consider buying into this market as price could potentially rally back into its resistance area. However if price breaks below this support area, we are then likely going to see further decline in this market into its 1.4040 support level.

eurcadrdaily

 

USD/PLN – Over the exotic currency pairs, the USD/PLN is in a strong bullish trend and printed new highs on the chart. We have a support area below at 4.1450–4.1250 where traders may hunt for potential buying opportunities especially on the lower time frame charts. If price rejects the 4.1450–4.1250 support area, we are then likely going to see new high in this market.

usdplnrdaily

22nd November 2016 Market Outlook

Silver – Silver continue to decline lower after price breakout its 17.10 support level as we expected in our 14th November 2016 Market Outlook. Traders who went short at the 18.70–18.50 resistance area as we recommended in our 10th November 2016 Market Outlook may consider continue holding onto the short position with a trailing stop as the trend is still bearish at the moment. Traders who missed the shorting opportunity may still hunt for potential short setups when price pullback into its 17.10 resistance level (Previous support level). Price is still quite a distant away from the next support level which offer traders huge profit margin to trade the short side of the market.

xagusdrdaily

 

Kiwi Dollar – NZD/USD is making its way back into the 0.7110 resistance level. If price rejects the 0.7110 resistance level, traders may then consider shorting this market as the trend is bearish at the moment and may have the first target set near previous swing low to lock in profits if price decline lower after rejected the 0.7110 resistance level.

nzdusdrh4

 

Aussie Yen – AUD/JPY started to see some bounces after price rejected the 81.10 support level. Traders may consider buying into this market as the momentum is bullish and the next key resistance level is located at 86.31 which offer traders massive profit margin to trade the long side of the market.

audjpyrdaily

21st November 2016 Market Outlook

Gold – Gold continue to fell lower into its 1202.00 support level as we expected in our 15th November 2016 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the short position at the 1202.00 support level while leaving the rest to run further with a trailing stop behind to lock in profits in case price reverse its course. If price breakout below its 1202.00 support level, we are then likely going to see further decline in this market in the coming days.

xauusdrdaily

 

Norwegian Krone – USD/NOK rally higher after price breakout above its bearish trend line as we expected in our 16th November 2016 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price is likely going to continue its rally into its next resistance level at 8.7200 which may serve as the first profit target for buyers of this market.

usdnokrdaily

 

Aussie Loonie – We have a huge selloff in AUD/CAD after price rejected its 1.0350 resistance level. The momentum is clearly bearish at the moment and we have a nice short term resistance level above current price at 0.9960 where traders may hunt for potential shorting opportunity. The next key support area is not found until 0.9760–0.9733 which offer traders huge profit margin to trade the short side of this market.

audcadrdaily

18th November 2016 Market Outlook

Kiwi Dollar – NZD/USD fell lower after price pullback into its 0.7110 resistance level and rejected as we expected in our 17th November 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as price could potentially continue to decline lower into its next support level at 0.6970. Traders who missed the shorting opportunity may still hunt for potential short setups if price pullback into the 0.7035 resistance level to jump on this bearish momentum.
nzdusdrh4

 

Euro Dollar – EUR/USD continue to fell lower after price breakout below its 1.0710 support level as we expected in our 16th November 2016 Market Outlook. Traders who went short at the breakout of 1.0710 support level and those who went short as we recommended in our 8th November 2016 Market Outlook may consider continue holding onto the short position as price is likely going to retest its 1.0520 key support level in the near term and the 1.0520 key support level may serve as a profit target for traders with open short positions.

eurusdrdaily

 

Aussie Dollar – AUD/USD had a huge selloff after price rejected its 0.7755–0.7730 resistance area as we expected in our 9th November 2016 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop and may hunt for shorting opportunity if price pullback to resistance level to scale into the position to maximize the potential profits of this strong bearish momentum.

audusdrdaily

17th November 2016 Market Outlook

Euro Loonie – EUR/CAD fell lower after price rejected its resistance levels as we expected in our 8th November 2016 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the position at the 1.4380–1.4275 support area. If price breakout below the 1.4380–1.4275 support area, we are then likely going to see further decline into its next support level at 1.4040.

eurcadrdaily

 

Kiwi Dollar – We have a short term resistance level above at 0.7110 in NZD/USD where traders may hunt for potential shorting opportunities to jump on this bearish momentum. Ideally we would prefer to see price rejects the 0.7110 resistance level before shorting for a safer entry.

nzdusdrh4

 

Euro Pound – EUR/GBP is currently sitting above its 0.8600 support level and is showing indecision of the market. Price could either rally higher or breaks lower in the coming days. If price rejects the 0.8600 support level, we are then likely going to see market rally higher in the coming days while a break below the 0.8600 support level could send price lower into its next support level at 0.8345 support level.

eurgbprdaily