15th March 2018 Market Outlook

Euro Yen – EUR/JPY once again rejected its 133.10–132.40 resistance area yesterday which could potentially lead price lower in the coming days. Since the short term trend is bearish at the moment, traders may consider shorting this market 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

 

NZD/CAD – NZD/CAD is showing some weakness yesterday which could potentially cause price to pullback before continue its rally. Traders who went long at the rejection of 0.9330 support level as we recommended in our 12th March 2018 Market Outlook may consider continue holding onto the long position with a trailing stop while traders who missed the buying opportunity may consider buying into this market if price pullback into its 0.9435 support level to join this bullish trend.

NZDCADrH4

 

Swedish Krona – USD/SEK started to make its move back into its 8.1400 support level. Since the short term trend is 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 to avoid false signals.

USDSEKrDaily

14th March 2018 Market Outlook

NZD/CAD – NZD/CAD shot up significantly higher after price rejected its 0.9330 support level as we expected in our 12th 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.

NZDCADrH4

 

Euro Loonie – EUR/CAD once again try to breakout above its 1.5950 resistance level. Given that the trend is bullish at the moment, traders may consider buying into this market to jump on the bullish trend especially if price pullback into its support level. Traders who went long at the breakout of 1.5370–1.5250 resistance area as we recommended in our 22nd January 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 in the coming weeks.

EURCADrWeekly

 

 

Euro Aussie – EUR/AUD rejected its 1.5620 support level and started to rally higher yesterday. Since the overall trend is still bullish, traders may consider buying into this market to jump on the bullish trend. The next resistance level is located at 1.5970 which offer traders good profit margin to trade the long side of the market.

EURAUDrDaily

13th March 2018 Market Outlook

Aussie Yen – AUD/JPY rejected its 84.00–83.73 resistance area yesterday which could potentially lead price lower in the coming days. Given that the trend is bearish at the moment, traders may consider shorting this market to join this bearish trend. Traders may also place the stops 1 or 2 ATR above the 84.00–83.73 resistance area to limit the lost in case price moves against us.

AUDJPYrDaily

 

Kiwi Dollar – NZD/USD rally higher after price rejected its 0.7190 support level. Price is heading back into its 0.7435 resistance level therefore traders may hunt for potential buy setups to jump on the bullish swing. Traders may also zoom in to the lower time frames charts to look for buy setups to fine tune the entry for a more favorable risk:reward trade.

NZDUSDrDaily

 

Swedish Krona – USD/SEK continue to consolidates and if price pullback into its 8.1400 support level, traders may consider buying into this market to jump on the short term bullish trend. On the other hand, if price breakout above its consolidation, we are likely going to see further rally coming into this market and traders may also buy at the breakout of the consolidation to jump on the potential bullish move.

USDSEKrDaily

12th March 2018 Market Outlook

Loonie Dollar – USD/CAD is making its way back into its 1.2620–1.2580 support area after price performed a fakeout at the 1.2920 resistance level. Conservative traders may wait for price to pullback into its 1.2620–1.2580 support area before hunting for buy setups while aggressive traders may consider shorting this market for a quick short term trade.

USDCADrDaily

 

Pound Kiwi – GBP/NZD continue to consolidates above its 1.8920 support level over the last few weeks. If price is able to breakout below its 1.8920 support level, we are then likely going to see price decline lower into its 1.8630 in the near term. Traders may consider shorting this market at the breakout of the 1.8920 support level to jump on the potential bearish move.

GBPNZDrDaily

 

NZD/CAD – NZD/CAD rejected its 0.9330 support level last week which could potentially lead price higher in the coming days. Since the overall trend is still bullish, traders may consider buying into this market to jump on the bullish trend. There’s no immediate resistance level above which offer traders massive profit margin to trade the long side of the market.

NZDCADrH4

9th March 2018 Market Outlook

Euro Aussie – EUR/AUD is making its way back into its 1.5740–1.5720 support area, since the overall trend is still bullish, traders may consider buying into this market if price indeed pullback into it. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market for a safer entry.

EURAUDrH4

 

Japanese Yen – USD/JPY is showing strength over the last few trading days. Since the trend is still bearish, traders may consider shorting this market again if price pullback into its 108.20–107.50 resistance area. There’s no immediate support level below which offer traders massive profit margin to trade the short side of the market.

USDJPYrDaily

 

Pound Loonie – GBP/CAD had a strong decline yesterday. Since the overall trend is still bullish, traders may consider buying into this market if price pullback into its 1.7630–1.7550 support area. Ideally we would prefer to see some price rejections or any other form of confirmation before buying into it to avoid false signals.

GBPCADrDaily

8th March 2018 Market Outlook

Euro Swedish Krona – EUR/SEK continue to rally higher after price breakout above its 10.0150–9.9900 resistance area as we expected in our 26th February 2018 Market Outlook. Traders who went long at the breakout of 10.0150–9.9900 resistance area and 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. There’s no immediate resistance level above which offer traders massive profit margin to trade the long side of the market.

EURSEKrDaily

 

Aussie Yen – AUD/JPY continue its rally and is heading back into its 84.00–83.73 resistance area. If price indeed pullback into it, traders may then consider shorting this market to jump on the bearish trend. Ideally we would prefer to see some price rejections or any other form of confirmation before buying into this market to avoid false signals.

AUDJPYrDaily

 

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 in the coming weeks. The next resistance level is located at 1.8200 which offer traders massive profit margin to trade the long side of the market.

GBPCADrDaily

7th March 2018 Market Outlook

Euro Yen – EUR/JPY rejected its 133.10–132.10 resistance area yesterday which could potentially lead price lower in the coming days. Since the short term trend is bearish at the moment, traders may consider shorting this market 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 Loonie – EUR/CAD breakout above its 1.5950 resistance level earlier today which opened up the door for potential further rally. Traders who went long at the breakout of 1.5950 resistance level and those who went long at the breakout of 1.5370–1.5250 as we recommended in our 22nd January 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 in the coming weeks.

EURCADrWeekly

 

Swedish Krona – USD/SEK is showing some weakness over the last few trading days. Since the short term trend is still bullish, traders may consider buying into this market if price pullback into its 8.1400 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.

USDSEKrDaily

6th March 2018 Market Outlook

Loonie Dollar – USD/CAD continue to rally higher after price pullback into its 1.2590 support level. Traders who went long as we recommended in our 28th February 2018 Market Outlook may consider continue holding onto the long position with a trailing stop behind as price continue to rally higher. On the other hand, traders who missed the buying opportunity may still consider buying into this market if price pullback into its 1.2910 support level.

USDCADrDaily

 

Aussie Loonie – AUD/CAD rally significantly higher after price breakout above its 1.0000 key resistance level which is also a big round number. Since the short term trend is bullish at the moment, traders may consider buying into this market to jump on the bullish trend. Traders may also consider buying into this market at the pullback for a more favorable risk:reward trade.

AUDCADrDaily

 

Aussie Yen – AUD/JPY bounce off its 81.54 resistance level yesterday which could potentially lead price back into its 84.00–83.73 resistance area. Since the overall trend is still bearish, traders may consider shorting this market if price pullback into it. Ideally we would prefer to see some price rejections or any other form of confirmation before shorting this market to avoid false signals.

AUDJPYrDaily

5th March 2018 Market Outlook

Aussie Yen – AUD/JPY decline lower into its 81.54 support level after price breakout below its 84.00–83.73 support area as we expected in our 23rd February 2018 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the position at the 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 near term.

AUDJPYrDaily

 

Euro Loonie – EUR/CAD rally into its 1.5950 weekly resistance level 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 scale out the position to lock in profits as price could potentially pullback before continue higher. If price is able to breakout above its 1.5950 resistance level, we are then likely going to see further rally in the coming weeks.

EURCADrWeekly

 

Euro Pound – EUR/GBP breakout above its 0.8910 resistance level last week which opened up the door for potential further rally. Traders may consider buying into this market especially if price pullback into its 0.8910 support level (Previous resistance 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 for a safer entry.

EURGBPrDaily

2nd March 2018 Market Outlook

Aussie Yen – AUD/JPY decline significantly lower after price breakout below its 84.00–83.73 support area as we expected in our 23rd 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 into its 81.54 support level in the near term.

AUDJPYrDaily

 

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. 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. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

USDJPYrDaily

 

Gold – Gold pullback into its 1321.90 resistance level and rejected it yesterday. Since the short term trend is still bearish, traders may consider shorting this market to jump on the bearish trend. The next support level is located at 1295.00 which offer traders massive profit margin to trade the short side of the market.

XAUUSDrH4