29th September 2017 Market Outlook

Aussie Dollar – AUD/USD rejected its 0.7810 support level yesterday which could potentially cause price to rally higher in the coming days. Given that the overall trend is still slightly bullish, traders may consider buying into this market to jump on the bullish trend. There is no immediate resistance level above which offer traders massive profit margin to trade the long side of the market.

AUDUSDrDaily

 

Japanese Yen – USD/JPY rejected its 112.45 support level yesterday, the trend is still bullish at the moment therefore 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 113.25 price level.

USDJPYrH4

 

Norwegian Krone – USD/NOK rejected its 8.0000–7.9800 key resistance area yesterday which could potentially lead price lower in the coming days. Given that the trend is still bearish, traders may consider shorting this market to ride on the long term bearish trend. The short term trend has turned slightly bullish therefore traders may want to be more conservative with stops placement and profit target.

USDNOKrDaily

28th September 2017 Market Outlook

Pound Dollar – GBP/USD breakout below its consolidation and could potentially cause price to pullback into its 1.3260 support level before continue to rally higher. Aggressive traders may consider shorting this market for a quick short term counter trend trade while conservative traders may wait for price to pullback into its 1.3260 support level before buying into this market to jump on this bullish trend.

GBPUSDrDaily

 

Japanese Yen – We have a nice little support level below at 112.45 in USD/JPY which traders may consider buying into especially in the lower time frame charts if price pullback into it to jump on the bullish trend. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

USDJPYrH4

 

Norwegian Krone – USD/NOK is making its way back into its 8.0000–7.9800 key resistance area. Since the trend is still bullish, traders may consider shorting this market to jump on the long term bearish trend. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

USDNOKrDaily

27th September 2017 Market Outlook

Euro Loonie – EUR/CAD decline lower after price rejected its 1.4765 resistance level as we expected in our 21st September 2017 Market Outlook. Traders who went short as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to decline lower into its 1.4500 key support level in the near term.

EURCADrDaily

 

Aussie Dollar – AUD/USD is making its way back into its 0.7810 support level. Given that the trend is still bullish, traders may consider buying into this market if price pullback into 0.7810 support level. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market to avoid false signals.

AUDUSDrDaily

 

Loonie Dollar – USD/CAD is getting close to its 1.2440 resistance level. Since the overall long term trend is still bearish, traders may consider shorting this market to jump on the bearish trend. Traders may also zoom in to the lower time frame charts to fine tune the entry to have a more favorable risk:reward trade.

USDCADrDaily

26th September 2017 Market Outlook

Gold – Gold rally higher after price rejected its 1295.00 support level as we expected in our 20th September 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 in the coming days.

XAUUSDrDaily

 

Aussie Kiwi – AUD/NZD continue to rally higher after price rejected its 1.0840–1.0800 support area as we expected in our 22nd September 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 could potentially rally higher in the coming days.

AUDNZDrDaily

 

Euro Kiwi – EUR/NZD rejected its 1.6230 support level last week which could potentially lead price higher in the coming days. Although price seems to stalls at the support level but since 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 1.6670 price level.

EURNZDrDaily

25th September 2017 Market Outlook

Aussie Kiwi – AUD/NZD started to rally higher after price rejected its 1.0840–1.0800 support area as we expected in our 22nd September 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 could potentially rally higher in the coming days.

AUDNZDrDaily

 

Pound Dollar – GBP/USD is currently consolidating above its 1.3500 resistance level. Given that the trend is still bullish at the moment, traders may consider buying into this market if price breakout above its previous high to jump on the bullish trend. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

GBPUSDrDaily

 

Gold – Gold is currently trading at its 1295.00 support level and formed an inside bar candlestick pattern which could potentially lead price higher or breakout lower. Traders may consider buying or shorting this market at the breakout of this inside bar candlestick high or low to jump on the potential swing.

XAUUSDrDaily

22nd September 2017 Market Outlook

Aussie Kiwi – AUD/NZD pullback into its 1.0840–1.0800 support area as we expected in our 21st September 2017 Market Outlook. Traders who went short as we recommended may consider taking profits at the 1.0840–1.0800 support area and may consider buying into this market as price could potentially bounce back higher.

AUDNZDrDaily

 

Euro Kiwi – EUR/NZD rejected its 1.6230 support level yesterday which could potentially lead 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 1.6670 price level.

EURNZDrDaily

 

Loonie Swiss Franc – CAD/CHF rejected its 0.7800 support level earlier this week which could potentially lead price higher in the coming days. Since the trend is still bullish at the moment, traders may consider buying into this market to ride on the bullish trend. There’s no immediate resistance level above which offer traders good profit margin to trade the long side of the market.

CADCHFrDaily

21st September 2017 Market Outlook

Kiwi Dollar – NZD/USD pullback into its 0.7320 support level yesterday which traders may hunt for potential buying opportunities. Ideally we would prefer to see price rejections or any other form of confirmations before buying into this market for a safer entry.

NZDUSDrH4

 

Euro Loonie – EUR/CAD rejected its 1.4765 resistance level yesterday which could potentially lead price lower in the coming days. Traders may consider shorting this market and have the first target set near the 1.4500 key support level. Traders may also zoom in to the lower time frame charts to fine tune the entry for a more favorable risk:reward trade.

EURCADrDaily

 

Aussie Kiwi – AUD/NZD is making its way back into its 1.0840–1.0800 support area. If price pullback into its 1.0840–1.0800 support area, traders may then consider buying into this market to jump on the bullish trend. Aggressive traders may also consider shorting this market into its 1.0840–1.0800 support area for a quick short term trade.

AUDNZDrDaily

20th September 2017 Market Outlook

Pound Dollar – GBP/USD continue to rally higher after price breakout above its 1.3260 resistance level as we expected in our 13th September 2017 Market Outlook. Price even breakout above its 1.3440–1.3500 resistance area which opened up the door for potential further rally. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price could potentially rally higher in the coming days.

GBPUSDrDaily

 

Gold – Gold continue to decline lower as we expected in our 14th September 2017 Market Outlook. Traders may consider buying into this market if price pullback into its 1295.00 support level. Ideally we would prefer to see some price rejections or any other form of confirmation before buying into this market for a safer entry.

XAUUSDrDaily

 

Japanese Yen – USD/JPY breakout above its 110.80–110.60 resistance area which now turned into a support area where traders may consider hunting for potential buying opportunities if price pullback into it. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

USDJPYrH4

19th September 2017 Market Outlook

Euro Yen – EUR/JPY rally higher after price pullback into its 131.30–131.05 support area and rejected it as we expected in our 14th September 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 in the coming days.

EURJPYrH4

 

Aussie Kiwi – AUD/NZD rejected its 1.0960–1.0930 support area yesterday. Given that the long term trend is still bullish, traders may consider buying into this market to ride on the bullish trend. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market. However traders may still have the first target set near previous swing high at around 1.1140 price level.

AUDNZDrDaily

 

Loonie Dollar – USD/CAD is making its way back into its 1.2440 resistance level. Given that the trend is still bearish, traders may consider shorting this market when price pullback into the 1.2440 resistance level. Ideally we would prefer to see some price rejections or any other form of confirmation before shorting this market for a safer entry.

USDCADrDaily

18th September 2017 Market Outlook

Swiss Franc Yen – CHF/JPY continue to rally higher after price rejected its 112.60 support level as we expected in our 30th August 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 next resistance level at 118.40.

CHFJPYrDaily

 

Aussie Kiwi – AUD/NZD pullback into its 1.0960–1.0930 support area last Friday. Given that the longer term trend is still bullish, traders may consider buying into this market to ride on this bullish trend. Ideally we would prefer to see price rejections or any other form of confirmation before buying into this market to avoid false signals.

AUDNZDrDaily

 

Euro Pound – EUR/GBP had a sharp decline over the last few days and is currently trading at its 0.8760 support level. Price is likely going to see some bounces at this 0.8760 support level in the near term before continue to decline lower. If price is able to breakout below its 0.8760 support level, we are then likely going to see further decline coming into this market in the coming weeks.

EURGBPrDaily