30th June 2017 Market Outlook

USD/PLN – USD/PLN declines into its 3.7050 support level after price rejected its 3.8150 resistance level as we expected in our 23rd June 2017 Market Outlook. Traders who went short as we recommended may consider scale out the position at the 3.7050 support level while leaving the rest position to run further with a trailing stop. If price is able to breakout below its 3.7050 support level, we are then likely going to see further decline in the coming days.

USDPLNrDaily

 

Japanese Yen – USD/JPY is making its way back into the 111.70 support level. Given that the recent trend is bullish, traders may consider buying into this market to ride on the bullish trend. Ideally we would prefer to see some price rejections or any other form of confirmation before buying into this market for a safer entry.

USDJPYrH4

 

Aussie Dollar – AUD/USD has been very bullish over the last few trading days and we could potentially see price rally into its 0.7755–0.7730 resistance area in the near term. If price indeed rally into the resistance area, traders may then hunt for a quick counter trend trade as price could potentially retrace back lower before continue higher.

AUDUSDrDaily

29th June 2017 Market Outlook

Swiss Franc Yen – CHF/JPY rally significantly higher after price breakout above the 115.55–115.25 resistance area as we expected in our 27th June 2017 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as there’s no immediate resistance level above that stops price to rally higher.

CHFJPYrDaily

 

Kiwi Yen – NZD/JPY shot up higher after price breakout above its 80.75 resistance level as we expected in our 26th June 2017 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind and have the target set near 83.35 key resistance level.

NZDJPYrDaily

 

Euro Kiwi – EUR/NZD printed an indecision candlestick pattern at its 1.5700–1.5640 key resistance area which could potentially cause price to either decline lower or breakout higher. Given that the recent momentum is quite bearish, traders may consider shorting this market if price breaks below yesterday low as it may serve as a confirmation for short setups.

EURNZDrDaily

28th June 2017 Market Outlook

Euro Dollar – EUR/USD rally drastically higher after price rejected its 1.1125 support level as we expected in our 22nd June 2017 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as price is likely going to rally all its way up into its 1.1415 resistance level in the near term.

EURUSDrDaily

 

Loonie Yen – CAD/JPY shot up significantly higher after price breakout above its 83.75–83.50 resistance area as we expected in our 19th June 2017 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 continue to rally higher as there’s no immediate resistance level above.

CADJPYrDaily

 

Pound Dollar – GBP/USD rally higher after price pullback into its 1.2600–1.2550 support area and rejected it as we expected in our 12th June 2017 Market Outlook. Traders who went long at the 1.2600–1.2550 support area as we recommended may consider having the first target set near previous swing high at around 1.3030 price level to lock in profits while leaving the rest position to run further with a trailing stop behind.

GBPUSDrDaily

27th June 2017 Market Outlook

Aussie Yen – AUD/JPY rally significantly higher after price rejected its 83.75–83.60 support area as we expected in our 23rd June 2017 Market Outlook. Traders who went long as we recommended may consider taking partial profits off the table while leaving the rest to run further with a trailing stop behind. If price is able to breakout above its previous swing high at around 85.00, we are then likely going to see further rally coming into this market in the coming days.

AUDJPYrH4

 

USD/PLN – USD/PLN declines lower after price rejected its 3.8150 resistance level as we expected in our 23rd June 2017 Market Outlook. There’s no sign of retrace higher as the trend is still bearish at the moment and the next key support level is located at 3.7050 therefore traders who are short may consider continue holding onto the short position and trail the stop accordingly to lock in profits in case price reverse its course.

USDPLNrDaily

 

Swiss Franc Yen – CHF/JPY rally back up into its 115.55–115.25 resistance area, if price rejects this resistance area, traders may then consider shorting this market. Conservative traders may wait for price to breakout above its 115.55–115.25 resistance area before buying into this market to ride on this bullish trend.

CHFJPYrDaily

26th June 2017 Market Outlook

USD/PLN – USD/PLN decline lower after price rejected its 3.8150 resistance level as we expected in our 23rd June 2017 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue to decline lower as the long term trend is still bearish at the moment.

USDPLNrDaily

 

Pound Aussie – GBP/AUD once again rejected its 1.6720 support level last week which could potentially cause price to rally higher in the coming days. The short term trend is slightly bearish therefore conservative traders may want to wait for price to pullback into its 1.7160 resistance level before shorting this market while aggressive traders may consider buying into this market at this 1.6720 support level as price could potentially rally up higher before continue its bearish momentum.

GBPAUDrDaily

 

Kiwi Yen – NZD/JPY consolidates at its 80.75 resistance level over the last few trading days and is trying to breakout higher. Given that the trend is bullish, traders may consider buying into this market if price breakout above its 80.75 resistance level. The next resistance level is not found until 83.35 resistance level which offer traders massive profit margin to trade the short side of the market.

NZDJPYrDaily

23rd June 2017 Market Outlook

Euro Loonie – EUR/CAD decline lower after price rejected its 1.4900 resistance level as we expected in our 22nd June 2017 Market Outlook. Traders who went short as we recommended may consider scale out at the previous swing low while leaving the rest to run further with a trailing stop behind. If price is able to breakout below previous swing low, we are then likely going to see further decline into its next key support level at 1.4530.

EURCADrH4

 

Aussie Yen – AUD/JPY rejected its 83.75–83.60 support area yesterday which could potentially lead price higher in the coming days. Given that the recent momentum had been quite bullish, traders may consider buying into this market to ride on the bullish momentum and have the first target set near previous swing high at around 85.00.

AUDJPYrH4

 

USD/PLN – USD/PLN rejected its 3.8150 resistance level yesterday which shows that the bears are starting to take control of this market. Given that the long term trend is still bearish, traders may consider shorting this market to ride on the bearish trend. The next support level is not found until 3.7050 which offer traders massive profit margin to trade the short side of the market.

USDPLNrDaily

22nd June 2017 Market Outlook

Euro Dollar – EUR/USD rejected its 1.1125 support level yesterday which could potentially push price higher in the coming days. Given that the trend is still bullish, traders may consider buying into this market to ride on the bullish trend and have the first target set near previous swing high at around 1.1280 price level to lock in profits if price moves in our favour.

EURUSDrDaily

 

Loonie Swiss Franc – CAD/CHF decline lower after price rejected its 0.7380 resistance level and is heading towards its 0.7270 support level. If price is able to breakout below its 0.7270 support level, we are then likely going to see further decline coming into this market in the coming days.

CADCHFrDaily

 

Euro Loonie – EUR/CAD is making its way up to its 1.4900 key resistance level which traders may hunt for potential shorting opportunities to short this market. Ideally we would prefer to see price rejections or any other form of confirmation before shorting this market to ride on the bearish momentum. If price breakout above its 1.4900 resistance level, traders may still hunt for potential short setups if price pullback into its 1.5010 resistance level.

EURCADrH4

21st June 2017 Market Outlook

Silver – Silver continue to decline lower after price rejected its 17.75 resistance level as we expected in our 8th June 2017 Market Outlook. Traders who went short at the 17.75 resistance level as we recommended may consider continue holding onto the short position with a trailing stop behind and have the first target set near previous swing low to lock in profits.

XAGUSDrDaily

 

Kiwi Yen – NZD/JPY rejected its 80.75 resistance level again yesterday which once again confirming the bears are getting into this market. Price is likely going to decline lower before continue higher therefore traders may consider shorting this market to ride on the bearish swing. Given that the recent momentum has been very bullish, conservative traders may want to wait for a potential breakout or pullback before buying into this market to ride on the bullish trend while aggressive traders may consider shorting this market for a quick short term trade.

NZDJPYrDaily

 

USD/PLN – USD/PLN shot up significantly higher into its 3.8150 resistance level yesterday which traders may hunt for potential shorting opportunities. Given that the trend is still bearish, traders may consider shorting this market to ride on the bearish trend. Ideally we would prefer to see some price rejections or any other form of confirmation before shorting this market for a safer entry.

USDPLNrDaily

20th June 2017 Market Outlook

Loonie Yen – CAD/JPY breakout above its 83.75–83.50 resistance area and continue to rally higher as we expected in our 19th June 2017 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 continue to rally higher into its 84.85 resistance level in the near term.

CADJPYrDaily

 

Pound Yen – GBP/JPY breakout above its bearish trend line and started to consolidates over the last few days. If price breakout above its consolidation, traders may then consider buying into this market to ride on the bullish momentum. The next key resistance level is located at 147.70 which offer traders massive profit margin to trade the long side of the market.

GBPJPYrH4

 

Kiwi Yen – NZD/JPY rally into its 80.75 resistance level and rejected it yesterday which could potentially cause price to retrace back down into its 79.30 support level before rallying higher. Given that the recent momentum has been very bullish, conservative traders may consider waiting for a breakout or pullback before buying into this market to ride on the bullish momentum while aggressive traders may consider shorting this market for a quick counter trend trade.

NZDJPYrDaily

19th June 2017 Market Outlook

Euro Dollar – EUR/USD once again pullback into its 1.1125 support level which traders may hunt for potential buying opportunities. Given that the trend is still bullish, traders may consider buying into this market to ride on the bullish trend and have the first target set near previous swing high at around 1.1280 price level to lock in profits if price moves in our favour.

EURUSDrDaily

 

Loonie Yen – CAD/JPY failed to decline lower and breakout above its 83.75–83.50 resistance area on last Friday which opened up the door for potential further rally in this market. Given that the recent momentum had been bullish, traders may consider buying into this market. Conservative traders may wait for price to further confirm this breakout before buying into this market to reduce the odds of false breakout.

CADJPYrDaily

 

Euro Aussie – EUR/AUD is making its way back into its 1.4550–1.4480 support area. If price indeed pullback into this support area, traders may then lookout for potential buying opportunity as price could potentially reverse back up once it hits the 1.4550–1.4480 support area.

EURAUDrDaily