29th December 2017 Market Outlook

Loonie Dollar – USD/CAD continue to decline lower and breakout below its 1.2660 support level after price rejected its 1.2910 resistance level as we expected in our 21st December 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 consider short this market again if price pullback into its 1.2660 resistance level (Previous support level).

USDCADrDaily

 

Euro Yen – EUR/JPY continue to consolidates at its 134.30 resistance level. If price is able to breakout above its consolidation and 134.30 resistance level, we are then likely going to see price rally higher in the coming weeks. Since the overall trend is still bullish, traders may consider buying into this market at the breakout of the consolidation to jump on the bullish trend.

EURJPYrDaily

 

NZD/CAD – NZD/CAD is making its way back into its 0.8870 support level, If price indeed pullback into its 0.8870 support level, traders may then hunt for potential buying opportunity to ride on the short term bullish momentum. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market to avoid false signals.

NZDCADrDaily

28th December 2017 Market Outlook

USD/PLN – USD/PLN decline lower into its 3.5150 support level after price rejected its 3.5850 resistance level as we expected in our 11th December 2017 Market Outlook. Traders who went short as we recommended may consider taking profits at this 3.5150 support level or scale out the position at this 3.5150 support level and leaving the rest to run further with a trailing stop behind.

USDPLNrDaily

 

Euro Dollar – EUR/USD continue to rally higher after price rejected its 1.1845–1.1830 support area as we expected in our 22nd December 2017 Market Outlook. Traders who went long as we recommended may consider scale out the position at current price level and have a trailing stop behind as price is likely going to continue to rally higher in the coming days.

EURUSDrH4

 

 

 

Loonie Dollar – USD/CAD decline lower into its 1.2660 support level after price rejected its 1.2910 resistance level as we expected in our 21st December 2017 Market Outlook. Traders who went short as we recommended may consider taking profits around this 1.2660 support level.

USDCADrDaily

26th December 2017 Market Outlook

Euro Dollar – EUR/USD rally higher after price rejected its 1.1845–1.1830 support area as we expected in our 22nd December 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.

EURUSDrH4

 

USD/PLN – USD/PLN continue to decline lower after price rejected its 3.5850 resistance level as we expected in our 11th December 2017 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind and have the first target set near 3.5150 support level to lock in profits.

USDPLNrDaily

 

Euro Yen – EUR/JPY is trying to breakout above its 134.30 resistance level. If price indeed breakout above its 134.30 resistance level, we are then likely going to see further rally coming into this market in the coming weeks. Since the trend is still bullish at the moment, traders may consider buying at the breakout of the consolidation to jump on the bullish trend.

EURJPYrDaily

22nd December 2017 Market Outlook

Loonie Dollar – USD/CAD decline lower after price rejected its 1.2910 resistance level as we expected in our 21st December 2017 Market Outlook. Traders who went long 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 1.2660 support level in the near term.

USDCADrDaily

 

Euro Dollar – EUR/USD is making its way back into its 1.1845–1.1830 support area. Since the short term trend is still bullish, traders may consider buying into this market 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 for a safer entry.

EURUSDrH4

 

NZD/CAD – We have a nice little support level below at 0.8880 in NZD/CAD which traders may hunt 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.

NZDCADrDaily

21st December 2017 Market Outlook

USD/PLN – USD/PLN decline lower after price rejected its 3.5850 resistance level as we expected in our 11th December 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 next support level at 3.5150.

USDPLNrDaily

 

Loonie Dollar – USD/CAD rejected its 1.2910 resistance level yesterday which could potentially lead price back lower into its 1.2660 support level. Since price is still trading within the trading range, traders may consider shorting this market and have the first target set near 1.2660 support level to lock in profits in case price moves in our favour.

USDCADrDaily

 

Aussie Yen – AUD/JPY breakout above its 86.20–85.90 resistance area which now turned into a support level where traders may consider buying into as the short term momentum is bullish at the moment. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market to avoid false signals.

AUDJPYrDaily

20th December 2017 Market Outlook

Euro Kiwi – EUR/NZD is making its way back into its 1.7130–1.7080 resistance area. The recent momentum has been bearish therefore traders may consider hunting for potential shorting opportunities at the 1.7130–1.7080 resistance area. There’s no immediate support level below which offer traders massive profit margin to go short this market.

EURAUDrDaily

 

Euro Aussie – EUR/AUD rejected its 1.5340 support level and started to rally higher as we expected in our 15th December 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. The next resistance level is located at 1.5760 which offer traders huge profit margin to trade the long side of the market.

EURAUDrDaily

 

Kiwi Dollar – NZD/USD is losing its bullish momentum as price stalls and started to shows bearish sign. If price pullback into its 0.6915–0.6900 support area, traders may then consider buying into this market as price could potentially bounce higher before continue lower. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

NZDUSDrH4

19th December 2017 Market Outlook

Pound Aussie – GBP/AUD rejected its 1.7360 support level last week which could potentially cause price to pullback into its 1.7600 resistance level. If price pullback into its 1.7600 resistance level, traders may then consider shorting this market to ride on the bearish momentum. Ideally we would prefer to see some price rejections or any other confirmations before shorting this market for a safer entry.

GBPAUDrH4

 

Kiwi Yen – NZD/JPY is currently trading below its 79.30 resistance level. Since the overall trend is still bearish, traders may consider shorting this market to jump on the bearish trend. Conservative traders may wait for further confirmations before shorting this market as the short term momentum is quite bullish. There’s no immediate support level below which offer traders massive profit margin to trade the short side of the market.

NZDJPYrDaily

 

Aussie Loonie – AUD/CAD is making its way back into its 0.9900 resistance level. Since the overall trend is still bearish at the moment, 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 for a safer entry.

AUDCADrDaily

15th December 2017 Market Outlook

Aussie Kiwi – AUD/NZD pullback into its 1.1010–1.0980 resistance area yesterday which traders may hunt for potential shorting opportunity as the short term trend is 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. There’s no immediate support level below which offer traders good profit margin to trade the short side of the market.

AUDNZDrDaily

 

Euro Aussie – EUR/AUD pullback into its 1.5340 support level earlier today. Since the overall trend is still bullish at the moment, traders may consider buying into this market to jump on the bullish trend. Conservative traders may wait for price rejections or confirmations before buying into this market to avoid false signals.

EURAUDrDaily

 

Kiwi Dollar – NZD/USD breakout above its consolidation earlier this week which opened up the door for potential further rally. Since the long term trend is still bearish, conservative traders may consider waiting for potential shorting opportunity while aggressive traders may lookout for buying opportunities especially when price pullback into support level as price is likely going to rally higher into its 0.7060 resistance level before continue its decline.

NZDUSDrDaily

14th December 2017 Market Outlook

Pound Dollar – GBP/USD rally higher after price rejected its 1.3300–1.3270 support area as we expected in our 13th December 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.

GBPUSDrDaily

 

Aussie Dollar – AUD/USD pullback into its 0.7655–0.7640 resistance area yesterday which traders may hunt for potential shorting opportunity. If price rejects the 0.7655–0.7640 resistance area, traders may then consider shorting this market as there’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

AUDUSDrH4

 

Gold – Gold is making its way back into its 1266.00–1261.00 resistance area. Since the trend is bearish at the moment, traders may consider shorting this market if price pullback into its 1266.00–1261.00 resistance area. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

XAUUSDrDaily

13th December 2017 Market Outlook

Pound Kiwi – GBP/NZD formed a double top formation which could cause price to decline lower in the coming weeks. The long term trend is still bullish therefore conservative traders may wait for further confirmation before shorting this market while aggressive traders may consider shorting this market especially if price pullback into its 1.9400 resistance level to jump on the bearish momentum.

GBPNZDrH4

 

Pound Dollar – GBP/USD pullback into its 1.3300–1.3270 support area yesterday. Traders may consider buying into this market as the short term trend is bullish at the moment. Ideally we would prefer to see some rejections or any other form of confirmations before buying into this market for a safer entry.

GBPUSDrDaily

 

Aussie Kiwi – We have a nice resistance level at 1.0970 in AUD/NZD which traders may hunt for potential shorting opportunity if price pullback into it as the trend is still bearish at the moment. We would prefer to see some confirmations before shorting this market for a safer entry. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

AUDNZDrH4