30th March 2018 Market Outlook

Aussie Kiwi – AUD/NZD rejected its 1.0660 resistance level yesterday which could potentially lead price lower in the coming days. Since the overall trend is still bearish, traders 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.

AUDNZDrDaily

 

Pound Yen – GBP/JPY rejected its 151.00–150.50 resistance area once again which could potentially lead price lower in the coming days. Traders may consider shorting this market and have the stop loss place above the resistance area to limit the losses in case price moves against us. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

GBPJPYrDaily

 

Pound Aussie – GBP/AUD is showing some weakness over the last two trading days. If price pullback into its 1.7910–1.7850 support area, traders may then consider buying into this market as the overall trend is still bullish. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market for a safer entry.

GBPAUDrDaily

29th March 2018 Market Outlook

Euro Aussie – EUR/AUD continue to rally higher after price rejected its 1.5620 support level as we expected in our 14th March 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 could potentially rally higher in the coming days while traders who missed the buying opportunity may still lookout for potential buy setups if price pullback into support level.

EURAUDrDaily

 

Swedish Krona – USD/SEK rally higher after price pullback into its 8.1400 support level and rejected it as we expected in our 15th March 2018 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position at current price level while leaving the rest to run further with a trailing stop behind.

USDSEKrDaily

 

Silver – Silver decline lower after price rejected its 16.97–16.85 resistance area. Traders who went short as we recommended in our 26th March 2018 Market Outlook may consider continue holding onto the short position with a trailing stop behind and have the first target set near 16.15 support level.

XAGUSDrDaily

28th March 2018 Market Outlook

Aussie Kiwi – AUD/NZD continue to decline lower after price breakout below its 1.0660 support level. Given that the trend is bearish at the moment, traders may consider shorting this market to jump on the bearish trend especially if price pullback into resistance level as it offers more favorable risk:reward trade.

AUDNZDrDaily

 

Pound Yen – GBP/JPY one again pullback into its 151.00–150.50 resistance area and rejected . Given that the short term trend is bearish at the moment, 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 trade the short side of the market.

GBPJPYrDaily

 

Pound Kiwi – GBP/NZD rejected its 1.9400 support level yesterday which could potentially cause price to rally higher in the coming days. Traders may consider buying into this market and have the stop loss set below the 1.9400 support level to limit the loss if price moves against us. The next resistance level is located at 1.9760 which offer traders huge profit margin to buy into this market.

GBPNZDrDaily

26th March 2018 Market Outlook

Japanese Yen – USD/JPY continue to decline lower after price rejected its 108.20–107.50 resistance area as we expected in our 22nd February 2018 Market Outlook. Price is approaching the 104.20 support level which may serves as the first target for traders to scale out the position and lock in profits. If price is able to breakout below its 104.20 support level, we are then likely going to see further decline coming into this market in the coming weeks.

USDJPYrDaily

 

Silver – Silver continue to moves sideway and price is approaching its 16.97–16.85 resistance area. If price pullback into its 16.97–16.85 resistance area, traders may then consider shorting this market as price could potentially decline lower after this. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

XAGUSDrDaily

 

Pound Loonie – GBP/CAD is showing some weakness over the last few days. If price pullback into its 1.8000 support level, we are then likely going to see price bounce off its 1.8000 support level and rally higher. There’s no immediate resistance level above which offer traders massive profit margin to trade the long side of the market.

GBPCADrDaily

23rd March 2018 Market Outlook

Euro Yen – EUR/JPY continue to decline lower after price rejected its 133.10–132.40 resistance area as we expected in our 15th March 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind at previous swing high as price is likely going to continue its decline into our first target located at 128.00.

EURJPYrDaily

 

Aussie Yen – AUD/JPY breakout below its 81.54 support level yesterday. Traders who went short after price rejected its 84.00–83.73 resistance area as we recommended in our 13th March 2018 Market Outlook may consider continue holding onto the short position as the breakout of 81.54 support level could potentially lead to further decline in the coming weeks as there’s no immediate support level below.

AUDJPYrDaily

 

Euro Pound – EUR/GBP pullback into its 0.8690 support level and rejected it yesterday. Since price is still trading sideway and we are at the lower end of the trading range, traders may consider buying into this market as price could bounce off from its 0.8690 support level into its resistance area in the near term.

EURGBPrDaily

22nd March 2018 Market Outlook

Pound Yen – GBP/JPY pullback into its 151.00–150.50 resistance area. Given that the short term trend is 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 to avoid false signals.

GBPJPYrDaily

 

Euro Pound – EUR/GBP is making its way back into its 0.8690 support level. Price has been consolidating over the last few months and if price is able to breakout below its 0.8690 support level, we are then likely going to see further decline coming into this market in the coming days. Traders may also consider shorting this market at the breakout of 0.8690 support level to ride on the bearish trend.

EURGBPrDaily

 

Pound Kiwi – GBP/NZD continue to rally higher after price breakout above its 1.9400 resistance level as we expected in our 21st March 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.

GBPNZDrDaily

21st March 2018 Market Outlook

Kiwi Dollar – NZD/USD breakout below its 0.7190 support level yesterday which opened up the door for potential further decline. Traders may consider shorting this market to jump on the potential bearish run or wait for a pullback into its resistance level before shorting for a more favorable risk:reward trade.

NZDUSDrDaily

 

Aussie Loonie – AUD/CAD is approaching its key support area at 1.0000–0.9970. Given that the trend is bullish at the moment, 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 to avoid false signals.

AUDCADrDaily

 

Pound Kiwi – GBP/NZD had a strong breakout yesterday which could potentially lead price higher in the coming days. Since the trend is bullish at the moment, traders may consider buying into this market to ride on the bullish trend. The next resistance level is located at 1.9760 which offer traders decent profit margin to trade the long side of the market.

GBPNZDrDaily

20th March 2018 Market Outlook

NZD/CAD – NZD/CAD pullback into its 0.9435 support level and rejected it yesterday which could potentially cause price rally higher in the coming days. Traders who went long at the rejection of 0.9330 support level as we recommended in our 12th March 2018 Market Outlook may consider scale in the position at this 0.9435 support level while traders who missed the buying opportunity earlier may also consider buying into this market to jump on this bullish trend.

NZDCADrH4

 

Aussie Dollar – AUD/USD is currently trading at its 0.7690 support level. The short term trend has been bearish over the last few weeks therefore traders may consider shorting this market if price breakout below its 0.7690 support level. The next key support level is not found until 0.7500 which offer traders huge profit margin to trade the short side of the market.

AUDUSDrDaily

 

Kiwi Dollar – NZD/USD continue to trade within the range of 0.7435 resistance level and 0.7190 support level. Price has been bearish over the last few days as price fails to rally back into its 0.7435 resistance level. If price breakout below its 0.7190 support level, we are then likely going to see further decline coming into this market in the coming weeks. Traders may also consider shorting this market if price breakout below its 0.7190 support level to jump on the potential bearish run.

NZDUSDrDaily

19th March 2018 Market Outlook

Aussie Yen – AUD/JPY decline sharply into our first target at 81.54 support level after price rejected its 84.00–83.73 resistance area as we expected in our 13th March 2018 Market Outlook. Traders who went short as we recommended may consider scale out the position at this 81.54 support level while leaving the rest to run further with a trailing stop behind. if price is able to breakout below its 81.54 support level, we are then likely going to see further decline coming into this market in the coming weeks.

AUDJPYrDaily

 

Euro Aussie – EUR/AUD rally higher after price rejected its 1.5620 support level as we expected in our 14th March 2018 Market Outlook. As price approach our first target at 1.5970, traders may consider scale out the position to lock in profits. If price is able to breakout above its 1.5970 resistance level, we are then likely going to see further rally coming into this market in the near term.

EURAUDrDaily

 

Euro Yen – EUR/JPY continue to decline lower after price rejected its 133.10–132.40 resistance area as we expected in our 15th Market 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 our first target located at 128.00.

EURJPYrDaily

16th March 2018 Market Outlook

Aussie Yen – AUD/JPY decline sharply after price rejected its 84.00–83.73 resistance area as we expected in our 13th March 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 into its next support level located at 81.54.

AUDJPYrDaily

 

Euro Yen – EUR/JPY started to decline lower after price rejected its 133.10–132.40 resistance area as we expected in our 15th Market 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind. The next support level is located at 128.00 which may serve as the first target for short sellers to lock in profits.

EURJPYrDaily

 

Euro Swedish Krona – EUR/SEK has been weak over the last few trading days. Since the overall trend is still bullish, traders may consider buying into this market if price pullback into its 10.0150–9.9900 support area. 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