30th November 2017 Market Outlook

Pound Loonie – GBP/CAD breakout above its 1.7170 resistance level yesterday which opened up the door for potential further rally. Traders who went long at the 1.6670 support level as we recommended in our 17th November 2017 Market Outlook may consider continue holding onto the long position with a trailing stop behind while traders who missed the buying opportunity earlier may still goes long to jump on the bullish trend.

GBPCADrDaily

 

Euro Dollar – EUR/USD rejected its 1.1850–1.1830 support area yesterday showing that the bulls are still in the market. Since the short term trend is still bullish, traders may consider buying into this market at this support area as price could potentially rally higher in the coming days.

EURUSDrH4

 

Pound Dollar – GBP/USD breakout above its 1.3330 resistance level yesterday which could potentially lead price higher into its 1.3620 resistance level. Traders may consider buying into this market or wait for price to pullback into its 1.3330 support level (Previous resistance level) before buying into this market for a more favorable risk:reward trade.

GBPUSDrDaily

29th November 2017 Market Outlook

Pound Aussie – GBP/AUD rally higher after price rejected its 1.7360 support level as we expected in our 22nd November 2017 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position at the 1.7600 resistance level. If price is able to breakout above its 1.7600 resistance level, we are then likely going to see further rally coming into this market in the near term.

GBPAUDrH4

 

Japanese Yen – USD/JPY pullback into its 111.65 resistance level yesterday which traders may hunt for potential shorting opportunity as the trend is still bearish at the moment. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

USDJPYrH4

 

Pound Loonie – GBP/CAD rally into its 1.7170 resistance level yesterday after price rejected its 1.6670 support level as we expected in our 17th November 2017 Market Outlook. Traders who went long as we recommended may consider taking partial profits off the table at the 1.7170 resistance level while leaving the rest to run further with a trailing stop behind. If price is able to breakout above its 1.7170 resistance level, we are then likely going to see further rally coming into this market in the coming weeks.

GBPCADrDaily

28th November 2017 Market Outlook

Euro Dollar – EUR/USD is making its way back into its 1.1850–1.1830 support area. Since the short term trend is bullish, traders may consider buying into this market to jump on this bullish trend. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market for a safer entry.

EURUSDrH4

 

Pound Dollar – GBP/USD rejected its 1.3330 resistance level yesterday which could potentially lead price lower in the coming days. Traders may consider shorting this market to jump on the potential bearish move as price could decline lower into its 1.3040 support level in the near term.

GBPUSDrDaily

 

Kiwi Yen – NZD/JPY is making its way back into its 78.00 resistance level. If price indeed pullback into the resistance level, traders may then consider shorting this market as the overall trend is still bearish. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

NZDJPYrDaily

27th November 2017 Market Outlook

Euro Kiwi – EUR/NZD rally higher after price rejected its 1.7200 support level as we expected in our 21st November 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 first target set near 1.7400 resistance level to lock in profits. If price is able to breakout above its 1.7400 resistance level, we are then likely going to see further rally coming into this market in the coming days.

EURNZDrH4

 

 

Japanese Yen – USD/JPY pullback into its 111.65 resistance level earlier today. Since the trend is still bearish, traders may consider shorting this market to jump on the bearish trend. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

USDJPYrH4

 

Euro Dollar – EUR/USD breakout above its 1.1850–1.1830 resistance area which opened up the door for potential further rally. The short term trend has turned bullish therefore traders may consider buying into this market especially if price pullback into its 1.1850–1.1830 support area (Previous resistance area) to jump on the bullish trend.

EURUSDrH4

24th November 2017 Market Outlook

Euro Swedish Krona – EUR/SEK is making its way back into its 9.8000 support level. Since the trend is still bullish, traders may consider buying into this market if price pullback into the 9.8000 support level to jump on the bullish trend. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market to avoid false signals.

EURSEKrDaily

 

Aussie Yen – AUD/JPY is currently consolidating above its 84.50 support level. If price is able to breakout below its 84.50 support level, we are then likely going to see further decline coming into this market in the coming days. Since the trend is still bearish, traders may consider shorting this market at the breakout of 84.50 support level to ride on the bullish trend.

AUDJPYrDaily

 

Euro Pound – EUR/GBP is currently trading within the range of 0.9010 resistance level and 0.8760 support level. Traders may consider buying into this market at the breakout of 0.9010 resistance level as it may lead price to rally higher while short term traders may consider shorting or buying at the resistance level and support level for a quick short term trade.

EURGBPrDaily

23rd November 2017 Market Outlook

Japanese Yen – USD/JPY continue to decline lower and breakout below its 111.65 support level after price rejected its 113.20 resistance level as we expected in our 17th November 2017 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind while traders who missed this shorting opportunity may hunt for potential short setups if price pullback into its 111.65 resistance level (Previous support level) to jump on the bearish trend.

USDJPYrH4

 

Pound Loonie – GBP/CAD rally higher after price rejected its 1.6670 support level as we expected in our 17th November 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 rally higher in the near term.

GBPCADrDaily

 

Pound Dollar – GBP/USD continue to consolidates within its 1.3330 resistance level and 1.3040 support level over the last few months. If price is able to breakout above its 1.3330 resistance level, we are then likely going to see further rally coming into this market in the coming days and traders may consider buying into this market at the breakout of 1.3330 resistance level to jump on the potential bullish momentum.

GBPUSDrDaily

22nd November 2017 Market Outlook

Japanese Yen – USD/JPY decline lower after price rejected its 113.20 resistance level as we expected in our 17th November 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 into its 111.65 support level.

USDJPYrH4

 

Pound Aussie – GBP/AUD is making its way back into its 1.7360 support level. Given that the overall trend is still bullish, traders may consider buying into this market if price indeed pullback into the 1.7360 support level. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market for a safer entry.

GBPAUDrH4

 

Norwegian Krone – USD/NOK pullback into its 8.2000–8.1750 support area yesterday which traders may consider buying into as the trend is still bullish at the moment. Traders may also wait for price to rejects or confirms the support area before buying into it to avoid false signals and have the first target set near 8.3480 resistance level.

USDNOKrH4

21st November 2017 Market Outlook

Kiwi Yen – NZD/JPY had a strong decline after price breakout below its 77.35 support level as we expected in our 16th November 2017 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind while traders who missed the shorting opportunity may still hunt for potential shorting opportunity when price pullback into resistance level.

NZDJPYrDaily

 

Euro Aussie – EUR/AUD is currently consolidating below its 1.5640 resistance level. If price is able to breakout above its 1.5640 resistance level, we are then likely going to see further rally in the coming days. Since the trend is still bullish, traders may consider buying into this market at the breakout of 1.5640 resistance level to jump on the bullish trend.

EURAUDrDaily

 

Euro Kiwi – EUR/NZD pullback into its 1.7200 support level and rejected it which could potentially lead price higher in the coming days. Given that the overall trend is still bullish, traders may consider buying into this market to jump on the bullish trend and have the first target set near previous swing high at around 1.7400 price level.

EURNZDrH4

20th November 2017 Market Outlook

Aussie Yen – AUD/JPY declines all its way down into its 84.50 support level after price breakout below its 85.60 support level as we expected in our 17th November 2017 Market Outlook. Traders who went short as we recommended may consider scale out the position at the 84.50 support level while leaving the rest to run further with a trailing stop behind. If price is able to breakout below its 84.50 support level, we are then likely going to see further decline coming into this market in the near term.

AUDJPYrDaily

 

Euro Kiwi – EUR/NZD continue to rally higher after price rejected its 1.6670 support level as we expected in our 13th November 2017 Market Outlook. Traders who went long as we recommended may consider continue to holding onto the long position with a trailing stop behind while traders who missed this buying opportunity may consider buying into this market at the 1.7200 support level to jump on this bullish trend. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market to avoid false signals.

EURNZDrDaily

 

Aussie Dollar – AUD/USD decline lower after price breakout below its consolidation as we expected in our 15th November 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 in the coming days.

AUDUSDrDaily

17th November 2017 Market Outlook

Japanese Yen – USD/JPY rejected its 113.20 resistance level yesterday which could potentially lead price lower in the coming days. Traders may consider shorting this market as there is no immediate support level below which offer traders good profit margin to trade the short side of the market.

USDJPYrH4

 

Pound Loonie – GBP/CAD rejected its 1.6670 support level yesterday which traders may consider buying into as price could potentially rally higher in the near term. The short term trend is bullish as well which increase the odds of price rally higher. Traders may also have the first target set near previous swing high at around 1.7160 resistance level to lock in profits in case price moves in our favour.

GBPCADrDaily

 

Aussie Yen – AUD/JPY is currently trading above its 85.60 support level, if price is able to breakout below this 85.60 support level, we are then likely going to see further decline into its 84.50 support level therefore traders may consider shorting this market at the breakout of 85.60 support level to jump on the bearish momentum.

AUDJPYrDaily