30th April 2018 Market Outlook

Euro Kiwi – EUR/NZD pullback into its 1.7100 support level and rejected it. Since the overall momentum is still bullish, traders may consider buying into this market to jump on the bullish momentum. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

EURNZDrDaily

 

Pound Yen – GBP/JPY printed lower high and lower low on the chart which signals that the short term trend has turned bearish. Traders may consider shorting this market if price pullback into its 150.80 resistance level. Ideally we would prefer to see price rejections or any other form of confirmations before shorting this market to avoid false signals.

GBPJPYrDaily

 

Euro Pound – EUR/GBP breakout above its 0.8780 resistance level last week which opened up the door for potential further rally. Since the short term trend is still bullish at the moment, traders may consider buying into this market to jump on the bullish trend. Traders may also wait for price to pullback into its 0.8780 support level before buying into this market for a more favorable risk:reward trade.

EURGBPrH4

27th April 2018 Market Outlook

Kiwi Dollar – NZD/USD continue to decline lower after price breakout below its 0.7190 support level as we expected in our 23rd April 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 in the coming days. Traders may also trail the stops lower to lock in profits.

NZDUSDrDaily

 

Aussie Yen – AUD/JPY decline lower after price rejected its 84.70–84.10 resistance area as we expected in our 17th April 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to decline lower and the next key support level is located at 80.60 which offer traders huge profit margin to trade the short side of the market.

AUDJPYrDaily

 

Euro Kiwi – EUR/NZD is making its way back into its 1.7100 support level. Since the overall momentum is still bullish, traders may consider buying into this market to jump on the bullish momentum. Ideally we would prefer to see price reject its 1.7100 support level before buying into this market to avoid false signals.

EURNZDrDaily

26th April 2018 Market Outlook

Swedish Krona – USD/SEK continue to rally higher and breakout above its 8.5220 resistance level after price rejected its 8.2840 support level as we expected in our 12th April 2018 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position at this 8.5220 resistance level to lock in profits while leaving the rest to run further with a trailing stop behind.

USDSEKrDaily

 

Euro Kiwi – EUR/NZD breakout above its 1.7100 resistance level yesterday which opened up the door for potential further rally. Since the overall trend is still bullish, traders may consider buying into this market to jump on the bullish trend. Traders may also wait for price to pullback into its 1.7100 support level (Previous resistance level) before buying into this market for a more favorable risk:reward trade.

EURNZDrDaily

 

Japanese Yen – USD/JPY shot up significantly higher after price breakout above its resistance area. Given that the momentum is bullish at the moment, traders may hunt for potential buy setups to jump on the bullish momentum. Price is likely going to continue its rally into its 111.10 resistance level in the near term.

USDJPYrDaily

25th April 2018 Market Outlook

Pound Kiwi – GBP/NZD continue to rally higher after price rejected its 1.9170 support level as we expected in our 9th April 2018 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 1.9760 resistance level to lock in profits.

GBPNZDrDaily

 

Kiwi Dollar – NZD/USD decline lower after price breakout below its 0.7190 support level as we expected in our 23rd April 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 in the coming days.

NZDUSDrDaily

 

Euro Yen – EUR/JPY continue with its consolidation below its 133.10 resistance level which if price breakout above its resistance level, we are then likely going to see further rally coming into this market. Since the long term trend is still bullish, traders may consider buying into this market at the breakout of 133.10 resistance level to jump on the bullish trend.

EURJPYrDaily

24th April 2018 Market Outlook

Aussie Dollar – AUD/USD breakout below its 0.7660 support level yesterday which opened up the door for potential further decline. Since the trend is still bearish, traders may consider shorting this market to jump on the bearish trend. Traders may also wait for price to pullback into its 0.7660 resistance level (Previous support level) before shorting this market for a more favorable risk:reward trade.

AUDUSDrDaily

 

Loonie Dollar – USD/CAD continue to rally higher into its 1.2830 resistance level after price rejected its 1.2550 support level as we expected in our 18th April 2018 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position to lock in profits while leaving the rest to run further with a trailing stop behind. The next key resistance level is located at 1.3100 which may serve as a target for traders to lock in profits.

USDCADrH4

 

Aussie Kiwi – AUD/NZD continue to trade below its 1.0660 resistance level. Since the trend is still bearish, traders may consider shorting this market to jump on the bearish trend. Traders may also wait for price to breakout last Thursday low before shorting this market for a safer entry as it may serve as a confirmation for short traders.

AUDNZDrDaily

23rd April 2018 Market Outlook

Kiwi Dollar – NZD/USD once again pullback into its 0.7190 support level. If price is able to breakout below its 0.7190 support level, we are then likely going to see further decline coming into this market in the coming days. Traders may consider shorting this market at the breakout of 0.7190 support level to ride on the potential bearish run.

NZDUSDrDaily

 

Pound Yen – GBP/JPY is making its way back into its 150.50–149.80 support area. Traders may consider buying into this market if price pullback into its 150.50–149.80 support area as the trend is bullish at the moment. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

GBPJPYrDaily

 

NZD/CAD – NZD/CAD pullback into its 0.9220–0.9200 resistance area and rejected it earlier today. Since the overall trend is still bearish, traders may consider shorting this market to jump on the bearish trend and have the stops place above the 0.9220–0.9200 resistance area. There’s no immediate support level below which offer traders good profit margin to trade the short side of the market.

NZDCADrH4

19th April 2018 Market Outlook

Loonie Dollar – USD/CAD rally higher after price rejected its 1.2550 support level as we expected in our 18th April 2018 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position to lock in profits while leaving the rest to run further with a trailing stop behind. There’s no immediate resistance level above which offer price room to rally higher in the coming days.

USDCADrH4

 

Silver – Silver breakout above its 16.97–16.85 resistance area and shoot up significantly higher yesterday as we expected in our 18th April 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 its rally into its 17.45 resistance level in the near term.

XAGUSDrDaily

 

Aussie Kiwi – AUD/NZD pullback into its 1.0660 resistance level and rejected it earlier today 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 and have the stop loss set 1ATR above the resistance level to limit the losses in case price moves against us.

AUDNZDrDaily

18th April 2018 Market Outlook

Euro Yen – EUR/JPY consolidates below its 133.10 resistance level which if price breakout above its resistance level, we are then likely going to see further rally coming into this market in the near term. Since the long term trend is still bullish, traders may consider buying into this market at the breakout of 133.10 resistance level to jump on the bullish trend.

EURJPYrDaily

 

Loonie Dollar – USD/CAD rejected its 1.2550 support level yesterday which could potentially lead price higher in the coming days. Since the market is still moving sideway over the shorter time frame, traders may consider buying into this market for a short term trade as price could potentially rally into its 1.2620 resistance level in the near term.

USDCADrH4

 

Silver – Silver continue to trade within the range of 16.97–16.85 resistance area and 16.15 support level. Price is showing some strength over the last few trading days. If price is able to breakout above its 16.97–16.85 resistance area, we are then likely going to see price rally into its 17.45 resistance level in the near term.

XAGUSDrDaily

17th April 2018 Market Outlook

Pound Kiwi – GBP/NZD rally higher after price rejected its 1.9170 support level as we expected in our 9th April 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as the next key resistance level is located at 1.9760.

GBPNZDrDaily

 

Pound Dollar – GBP/USD breakout above its 1.4280 resistance level yesterday which opened up the door for potential further rally. Traders who went long at the rejection of its bullish trend line as we recommended in our 10th April 2018 Market Outlook may consider continue holding onto the long position while traders who missed the buying opportunity may still hunt for buy setups to jump on the bullish trend.

GBPUSDrDaily

 

Aussie Yen – AUD/JPY rejected its 84.70–84.10 resistance area which traders may consider shorting as the trend is bearish at the moment. The next key support level is not found until 80.60 which offer traders massive profit margin to trade the short side of the market. Traders may also have the stops set above the resistance area to limit the losses in case price moves against us.

AUDJPYrDaily

16th April 2018 Market Outlook

Pound Dollar – GBP/USD rally into our first target at 1.4280 resistance level after price rejected its bullish trend line as we expected in our 10th April 2018 Market Outlook which traders may consider taking profits or scale out the position to lock in profits while leaving the rest to run further with a trailing stop behind. If price is able to breakout above its 1.4280 resistance level, we are then likely going to see further rally coming in in the near term.

GBPUSDrDaily

 

Swedish Krona – USD/SEK continue to rally higher after price rejected its 8.2840 support level as we expected in our 12th April 2018 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 its 8.5220 resistance level.

USDSEKrDaily

 

Euro Loonie – EUR/CAD continue its decline after price rejected its 1.5950 resistance level. Traders who went short at the 1.5950 resistance level as we recommended in our 4th April 2018 Market Outlook may consider continue holding onto the short position with a trailing stop behind and have the target set near 1.5370–1.5250 support area.

EURCADrWeekly