28th February 2018 Market Outlook

Swedish Krona – USD/SEK rally higher after price breakout above its 8.1600 resistance level as we expected in our 27th February 2018 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.

USDSEKrDaily

 

Euro Yen – EUR/JPY is trying to breakout below its 131.20 support level over the last few days. Since the trend is bearish at the moment, traders may consider shorting this market at the breakout of 131.20 support level to jump on the bearish trend. The next support level is located at 128.00 which offer traders huge profit margin to trade the short side of the market.

EURJPYrDaily

 

Loonie Dollar – USD/CAD rally higher after price pullback into its 1.2590 support level, we are likely going to see price continue to rally higher into its next resistance level located at 1.2910 in the coming days therefore traders may consider buying into this market to jump on this bullish swing. Traders may also zoom in to the lower time frame charts to fine tune the entry for a more favorable risk:reward trade.

USDCADrDaily

27th February 2018 Market Outlook

NZD/CAD – We have a nice little support level at 0.9170 in NZD/CAD which traders may consider buying into if price pullback into it as the trend is still bullish at the moment. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market for a safer entry.

NZDCADrDaily

 

Swedish Krona – USD/SEK is currently consolidating below its 8.1600 resistance level. If price is able to breakout above its 8.1600 resistance level, we are then likely going to see further rally coming into this market in the coming days. Since the long term trend is still bearish, conservative traders may wait for short setups while aggressive traders may buy at the breakout of 8.1600 resistance level for a quick short term counter trend trade.

USDSEKrDaily

 

Aussie Kiwi – AUD/NZD is making its way back into its 1.0880–1.0850 resistance area, since the overall trend is still bearish, traders may consider shorting this market if price indeed pullback into it. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

AUDNZDrDaily

26th February 2018 Market Outlook

Euro Yen – EUR/JPY is trying to breakout below its 131.20 support level. Since the short term trend is bearish at the moment, traders may consider shorting this market at the breakout of 131.20 support level to jump on the bearish trend. The next support level is located at 128.00 which offer traders huge profit margin to trade the short side of the market.

EURJPYrDaily

 

Euro Pound – EUR/GBP breakout below its 0.8810 support level last week which opened up the door for potential further decline. Traders may consider shorting this market if price pullback into its 0.8810 resistance level (Previous support level) to jump on the potential bearish swing. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

EURGBPrH4

 

Euro Swedish Krona – EUR/SEK breakout above its 10.0150–9.9900 support area which could potentially lead price higher in the coming days. Traders who went long at the pullback of 9.8650 support level as we recommended in our 19th February 2018 Market Outlook may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher. While traders who missed the buying opportunity may still hunt for potential buy setups if price pullback into its 10.0150–9.9900 support area (Previous resistance area) to jump on the bullish trend.

EURSEKrDaily

23rd February 2018 Market Outlook

Japanese Yen – USD/JPY decline lower after price rejected its 108.20–107.50 resistance area as we expected in our 22nd February 2018 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.

USDJPYrDaily

 

Euro Loonie – EUR/CAD continue to rally higher this week after price breakout above its weekly resistance area at 1.5370–1.5250 as we expected in our 22nd January 2018 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 1.5950 in the coming weeks.

EURCADrWeekly

 

 

Aussie Yen – AUD/JPY is trying to breakout below its 84.00–83.73 support area. Given that the trend is bearish at the moment, traders may consider shorting this market if price breakout below it. There’s no immediate support level below which offer traders massive profit margin to trade the short side of the market.

AUDJPYrDaily

22nd February 2018 Market Outlook

Aussie Kiwi – AUD/NZD continue to decline lower after price breakout below its consolidation as we expected in our 12th February 2018 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 its decline into its next support level at 1.0600.

AUDNZDrDaily

 

Japanese Yen – USD/JPY pullback into its 108.20–107.50 resistance area as we expected in our 20th February 2018 Market Outlook. Given that the trend is still bearish, traders may consider shorting this market to jump on the bearish trend and have the stop loss set a few ATR above the 108.20–107.50 resistance area to limit the losses if price moves against us.

USDJPYrDaily

 

Pound Yen – GBP/JPY rejected its 150.50 resistance level yesterday which could potentially lead price lower in the coming days. Since the overall trend is still bearish, traders may consider shorting this market to jump on the bearish trend. There’s no immediate support level below which offer traders huge profit margin to short this market.

GBPJPYrDaily

21st February 2018 Market Outlook

Pound Loonie – GBP/CAD rally higher after price breakout above its 1.7640 resistance level as we expected in our 20th February 2018 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 1.7850.

GBPCADrDaily

 

Euro Swedish Krona – EUR/SEK pullback into its 9.8650 support level and rally higher as we expected in our 19th February 2018 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position at current price level to lock in profits. If price is able to breakout its 10.1500 resistance level, we are then likely going to see price rally higher in the coming days.

EURSEKrDaily

 

 

Loonie Yen – We have a nice little resistance level at 85.65 in CAD/JPY which traders may consider shorting if price pullback into it. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

CADJPYrDaily

20th February 2018 Market Outlook

Silver – Silver started to decline lower after price formed a hanging man candlestick pattern at the 16.95 resistance level as we expected in our 19th February 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to continue to decline lower in the coming days.

XAGUSDrDaily

 

Japanese Yen – USD/JPY bounce off its lower price level and is heading back into its 108.20–107.50 resistance area. Since the trend is still bearish, traders may consider shorting this market if price pullback into it to jump 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.

USDJPYrDaily

 

Pound Loonie – GBP/CAD continue to consolidates below its 1.7850 resistance level and the bulls are getting stronger as the pullbacks are getting more shallow than previous pullback. If price is able to breakout above its 1.7850 resistance level, we are then likely going to see price rally further into its next resistance level at 1.7850.

GBPCADrDaily

19th February 2018 Market Outlook

Aussie Kiwi – AUD/NZD decline lower after price breakout below its consolidation as we expected in our 12th February 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position and have the first target set near 1.0600 support level to lock in profits if price moves in our favour.

AUDNZDrDaily

 

Silver – Silver formed a hanging man candlestick pattern last week at the 16.95 resistance level which could potentially lead price lower in the coming days. Traders may consider shorting this market to ride on the potential bearish swing. There’s no immediate support level below which offer traders good profit margin to trade the short side of the market.

XAGUSDrDaily

 

Euro Swedish Krona – EUR/SEK is making its way back into its 9.8650 support level. Since the long term trend is still bullish, traders may consider buying into this market at the 9.8650 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.

EURSEKrDaily

16th February 2018 Market Outlook

USD/PLN – USD/PLN decline lower after price rejected its 3.4300 resistance level as we expected in our 13th February 2018 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the position at the current price level to lock in profits 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 coming into this market in the coming days.

USDPLNrDaily

 

Loonie Dollar – USD/CAD decline lower after price rejected its 1.2660 resistance level as we expected in our 12th February 2018 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 1.2260 support level to lock in profits if price moves in our favour.

USDCADrDaily

 

Euro Loonie – EUR/CAD continue to rally higher after price breakout above its weekly resistance area at 1.5370–1.5250 as we expected in our 22nd January 2018 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 1.5950 in the coming weeks.

EURCADrWeekly

15th February 2018 Market Outlook

Kiwi Dollar – NZD/USD rally higher after price rejected its 0.7190 support level as we expected in our 9th February 2018 Market Outlook. Traders who went long as we recommended may consider scale out the position at the previous swing high at around 0.7420 to lock in profits while leaving the rest to run further with a trailing stop behind.

NZDUSDrDaily

 

 

Euro Dollar – EUR/USD continue to rally higher after price rejected its 1.2270 support level as we expected in our 13th February 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position and have the first target set near previous swing high at around 1.2520 price level to lock in profits if price moves in our favour. If price is able to breakout above its previous swing high, we will then likely going to see further rally coming into this market in the coming days.

EURUSDrDaily

 

Japanese Yen – USD/JPY decline lower after price breakout below its 108.20–107.50 support area as we expected in our 14th February 2018 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 decline lower in the coming days.

USDJPYrDaily