29th June 2018 Market Outlook

NZD/CAD – NZD/CAD continue to decline lower after price rejected its 0.9220 resistance level as we expected in our 25th June 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as there’s no immediate support level below to stop price from moving lower.

NZDCADrDaily

 

Pound Aussie – GBP/AUD decline lower after price pullback into its 1.7950–1.7910 resistance area and rejected it as we expected in our 21st June 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.

GBPAUDrDaily

 

Euro Pound – EUR/GBP breakout above its 0.8830–0.8820 resistance area earlier this week which opened up the door for potential further rally. Traders may consider buying into this market to jump on the bullish trend especially if price pullback into its support level.

EURGBPrH4

28th June 2018 Market Outlook

Silver – Silver breakout below its 16.15 support level yesterday which opened up the door for potential further decline. Traders may consider shorting this market as price may decline lower in the coming days. The next support level is not found until 15.20 which offer traders huge profit margin to trade the short side of the market.

XAGUSDrDaily

 

Euro Aussie – EUR/AUD rejected its 1.5850–1.5800 resistance area which could potentially lead price lower in the coming days. The short term trend is bullish at the moment, therefore conservative traders may want to wait for potential bullish setup while aggressive traders may consider shorting this market for a quick short term trade.

EURAUDrDaily

 

Kiwi Dollar – NZD/USD is trying to breakout below its 0.6800 key support level. If price indeed breakout below its 0.6800 key support level, we are then likely going to see massive decline coming into this market in the near term. Traders may also lookout for potential short setups to jump on the bearish momentum.

NZDUSDrWeekly

27th June 2018 Market Outlook

Gold – Gold breakout below its 1261.00 support level yesterday which opened up the door for potential further decline. Price is likely going to continue its decline into its 1240.00 support level in the coming days. Traders who went short after price rejected its 1306.00 resistance level as we recommended in our 25th May 2018 Market Outlook may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue with its bearish move.

XAUUSDrDaily

 

NZD/CAD – NZD/CAD decline lower after price rejected its 0.9220 resistance level as we expected in our 25th June 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.

NZDCADrDaily

 

Euro Swedish Krona – EUR/SEK is currently trading below its 10.3600 resistance level. If price is able to breakout above its 10.3600 resistance level, traders may then consider buying into this market to jump on the potential bullish move as the long term trend is still bullish at the moment.

EURSEKrDaily

26th June 2018 Market Outlook

Euro Kiwi – EUR/NZD rally higher after price rejected its 1.6620–1.6520 support area as we expected in our 7th June 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.

EURNZDrDaily

 

Loonie Yen – CAD/JPY breakout below its 83.00 support level which opened up the door for further decline. Since the trend is still bearish, traders may consider shorting this market to jump on the bearish trend. There’s no immediate support level below which opened up the door for potential further decline.

CADJPYrDaily

 

Euro Yen – EUR/JPY rejected its 128.60 resistance level earlier today which could potentially lead price lower in the coming days. Given that the trend is still bearish, traders may consider shorting this market and have the first target set near previous swing low to lock in profits if price moves in our favour. There’s no immediate support level below which offer traders more room to trade the short side of the market.

EURJPYrH4

25th June 2018 Market Outlook

Pound Kiwi – GBP/NZD showed us bearish signs on last Friday as price rejected its 1.9270 resistance level. Given that the short term 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 1.9270 resistance level to limit losses in case price moves against us.

GBPNZDrDaily

 

Silver – Silver once again retest its 16.15 support level. If price is able to breakout below its 16.15 support level, we are then likely going to see a strong decline coming into this market in the coming weeks as there’s no immediate support level below after 16.15 support level.

XAGUSDrDaily

 

NZD/CAD – NZD/CAD rejected its 0.9220 resistance level last week which could potentially lead price lower in the coming days. The short term momentum has been bullish therefore conservative traders may wait for price to breakout above its 0.9220 resistance level before buying into this market while aggressive traders may consider shorting this market as price could potentially decline lower after the rejection of 0.9220 resistance level.

NZDCADrDaily

22nd June 2018 Market Outlook

Gold – Gold decline lower into our first target at 1261.00 support level after price rejected its 1306.00 resistance level as we expected in our 25th May 2018 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the position at this 1261.00 support level while leaving the rest to run further with a trailing stop behind.

XAUUSDrDaily

 

Loonie Dollar – USD/CAD continue to rally higher after price breakout above its 1.3040–1.3100 resistance area as we expected in our 19th June 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 in the coming days.

USDCADrDaily

 

Pound Kiwi – GBP/NZD rejected its 1.9270 resistance level earlier today which could potentially lead price lower in the coming days. Traders may consider shorting this market at this resistance level and have the stop loss set above the swing high to limit the losses in case price moves against us.

GBPNZDrDaily

21st June 2018 Market Outlook

Aussie Kiwi – AUD/NZD is moving back towards its 1.0780 resistance level. Since the short term trend is bearish at the moment, traders may consider shorting this market if price indeed pullback into its 1.0780 resistance level. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

AUDNZDrDaily

 

Euro Yen – EUR/JPY decline lower after price rejected its 130.00–129.20 resistance area as we expected in our 6th June 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.

EURJPYrDaily

 

Pound Aussie – GBP/AUD pullback into its 1.7950–1.7910 resistance area and rejected it which could potentially lead price lower in the coming days. Traders may consider shorting this market to jump on the potential bearish swing and have the stop loss set above recent swing high to limit the losses in case price moves against us.

GBPAUDrDaily

19th June 2018 Market Outlook

Pound Aussie – GBP/AUD pullback into its 1.7950–1.7910 resistance area yesterday. Traders may consider shorting this market 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.

GBPAUDrDaily

 

Aussie Yen – AUD/JPY once again decline lower after price rejected its 84.70–84.10 resistance area. Given that the market is still moving within the range, traders who shorted this market earlier as we recommended may consider taking profits or scale out the position to lock in profits. Price is likely remain within the trading range until price breakout below its 80.60 support level.

AUDJPYrDaily

 

Loonie Dollar – USD/CAD breakout above its 1.3040–1.3100 resistance area last week which opened up the door for potential further rally. Since the 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 support level before buying into this market for a more favorable risk:reward trade.

USDCADrDaily

18th June 2018 Market Outlook

Aussie Dollar – AUD/USD decline lower after price rejected its 0.7660 resistance level as we expected in our 8th June 2018 Market Outlook. Traders who went short 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.

AUDUSDrDaily

 

Gold – Gold started to decline lower after price rejected its 1306.00 resistance level as we expected in our 25th May 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 1261.00 support level.

XAUUSDrDaily

 

Euro Aussie – EUR/AUD rejected its 1.5620 resistance level last week which could potentially lead price lower in the coming days. Given that the trend is 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 trade the short side of the market.

EURAUDrDaily

13th June 2018 Market Outlook

Aussie Dollar – AUD/USD decline lower after price rejected its 0.7660 resistance level as we expected in our 8th June 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.

AUDUSDrDaily

 

Japanese Yen – USD/JPY continue to rally higher after price breakout above its 110.15 resistance level. Given that the trend is still bullish, traders may consider buying into this market if price pullback into its 110.15 support level (Previous resistance level) to ride on the bullish trend.

USDJPYrH4

 

Euro Aussie – EUR/AUD is making its way back into its 1.5620 resistance level. Given that the trend is bearish, traders may consider shorting this market if price indeed pullback into its 1.5620 resistance level. Ideally we would prefer to see some price rejections or any other form of confirmation before shorting this market to avoid false signals.

EURAUDrDaily