31st July 2018 Market Outlook

Euro Pound – EUR/GBP rally higher after price rejected its 0.8870–0.8860 support area as we expected in our 30th July 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 0.8950 price level to lock in profits if price continue to moves in our favour.

EURGBPrH4

 

Loonie Dollar – USD/CAD decline lower after price rejected its 1.3090 resistance level as we expected in our 30th July 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 as there’s no immediate support level.

USDCADrH4

 

Pound Kiwi – GBP/NZD decline lower after price rejected its 1.9360–1.9320 resistance area as we expected in our 19th July 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.

GBPNZDrH4

30th July 2018 Market Outlook

Euro Loonie – We have a nice resistance area in EUR/CAD at 1.5330–1.5300. Given that the momentum is bearish at the moment, traders may consider shorting this market if price pullback into its 1.5330–1.5300 resistance area. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

EURCADrH4

 

Loonie Dollar – USD/CAD rejected its 1.3090 resistance level last week. Since the momentum is bearish at the moment, traders may consider shorting this market for a quick short term trade. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

USDCADrH4

 

Euro Pound – EUR/GBP rejected its 0.8870–0.8860 support area last week which could potentially lead price higher in the coming days. Since the short term trend is bullish, traders may consider buying into this market to jump on the bullish trend and have the first target set near previous swing high at around 0.8950 price level.

EURGBPrH4

27th July 2018 Market Outlook

Aussie Loonie – AUD/CAD had a strong decline yesterday after price rejected its 0.9790–0.9770 resistance area as we expected in our 11th July 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 set the first target around 0.9600 price level to lock in profits if price continue to decline lower.

AUDCADrDaily

 

Silver – Silver decline lower after price pullback into its 15.78–15.67 resistance area and rejected it as we expected in our 26th July 2018 Market Outlook. Traders who went short as we recommended may consider have the first target set near around 15.20 support level to lock in profits.

XAGUSDrDaily

 

Pound Loonie – GBP/CAD continue to decline lower after price rejected its 1.7800 resistance level as we expected in our 24th July 2018 Market Outlook. Since the trend is still bearish, traders may consider continue holding onto the short position with a trailing stop behind to ride on the bearish trend.

GBPCADrDaily

26th July 2018 Market Outlook

Silver – Silver pullback into its 15.78–15.67 resistance area earlier today which traders may consider shorting 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.

XAGUSDrDaily

 

Aussie Loonie – AUD/CAD started to decline lower after price rejected its 0.9790–0.9770 resistance area as we expected in our 11th July 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.

AUDCADrDaily

 

Pound Dollar – GBP/USD short term trend has turned bullish and we have a support level located at 1.3150 where traders may consider buying into if price 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. Given that the overall long term trend is still bearish, conservative traders may wait at the sideline for potential short setups to jump on the long term bearish trend.

GBPUSDrH4

25th July 2018 Market Outlook

Euro Dollar – EUR/USD has been hovering above its 1.1550 support level for a few months now. If price is able to breakout below its 1.1550 support level, we are then likely going to see a strong decline coming into this market. Traders may consider shorting this market at the breakout of 1.1550 support level to ride on the potential bearish swing.

EURUSDrWeekly

 

Euro Pound – EUR/GBP is making its way back down into its 0.8870–0.8860 support area. 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.

EURGBPrH4

 

Euro Kiwi – EUR/NZD consolidates below its 1.7480–1.7380 resistance area which could potentially lead to a strong rally or decline after price breakout above or below the consolidations. If price indeed breakout below its consolidation, traders may consider shorting this market to jump on the potential bearish swing.

EURNZDrDaily

24th July 2018 Market Outlook

Japanese Yen – USD/JPY rejected its 111.00–110.70 support area yesterday. Given that the trend is still bullish, traders may consider buying into this market to jump on the bullish trend and have the stop loss set below its support area. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

USDJPYrDaily

 

Euro Aussie – EUR/AUD continue to consolidates below its 1.5850 resistance level. If price breakout above its 1.5850 resistance level, we are then likely going to see further rally coming into this market. Traders may also consider buying into this market to jump on the bullish trend.

EURAUDrDaily

 

Pound Loonie – GBP/CAD decline lower after price rejected its 1.7800 resistance level. Given that the momentum is bearish at the moment, traders may consider shorting this market to ride on the bearish swing. Traders may also hunt for potential short setups if price pullback into resistance level especially on the lower time frame charts for a more favorable risk:reward trade.

GBPCADrDaily

23rd July 2018 Market Outlook

Euro Yen – EUR/JPY is making its way back into its 130.00 support level. Given that the trend is still bullish, traders may consider buying into this market if price indeed pullback into the 130.00 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.

EURJPYrH4

 

Silver – Silver rejected its 15.20 support level last week. Given that the trend is bearish at the moment, traders may consider hunting for potential short setups especially when price pullback into resistance level to ride on this bearish trend while more aggressive traders may also take a short term counter trend trade by buying into this market as price just rejected its key support level and could potentially lead to a strong retrace before price continue its bearish trend.

XAGUSDrDaily

 

Aussie Dollar – AUD/USD is currently trading within the range of 0.7480 resistance level and 0.7330 support level. Given that the trend is bearish, traders may consider hunting for potential short breakout to jump on the bearish trend. The next support level is located at 0.7170 which offer traders decent profit margin to trade the short side of the market.

AUDUSDrDaily

19th July 2018 Market Outlook

Silver – Silver continue to decline lower after price rejected its 16.30–16.20 resistance area and breakout below its 15.65 key support level as we expected in our 4th July 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind while traders who missed this shorting opportunity may still hunt for potential bearish setups if price pullback into its resistance level.

XAGUSDrH4

 

Euro Aussie – EUR/AUD started to decline lower after price rejected its 1.5850–1.5800 resistance area as we expected in our 4th July 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position and have the stop loss set above the resistance area to limit losses in case price moves against us.

EURAUDrDaily

 

 

Pound Kiwi – GBP/NZD is making its way back into its 1.9360–1.9320 resistance area. Given that the momentum is bearish at the moment, traders may consider shorting this market to jump on the bearish momentum. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

GBPNZDrH4

18th July 2018 Market Outlook

Gold – Gold continue to decline lower after price breakout below its 1240.00 support level as we expected in our 16th July 2018 Market Outlook. Traders who went short at the breakout of 1240.00 support level and traders who short this market at the rejection of 1306.00 resistance level as we recommended in our 25th May 2018 Market Outlook may consider continue holding onto the short position and have the first target set near 1208.00 support level.

XAUUSDrDaily

 

Japanese Yen – USD/JPY continue to rally higher after price breakout above its 111.10 resistance level. Traders who went long as we recommended in our 12th July 2018 Market Outlook may consider continue holding onto the long position and have the trailing stop set below this week low to lock in profits.

USDJPYrDaily

 

Pound Dollar – GBP/USD once again pullback into its 1.3040 support level. If price manage to breakout below this 1.3040 support level, we are then likely going to see further decline coming into this market in the near term. Given that the trend is still bearish, traders may consider shorting this market at the breakout of 1.3040 support level to jump on the bearish trend.

GBPUSDrDaily

17th July 2018 Market Outlook

Silver – Silver decline lower after price rejected its 16.30–16.20 resistance area as we expected in our 4th July 2018 Market Outlook. Since price is approaching the key support level located at 15.65, traders who went short as we recommended may consider take profits or scale out the position around this 15.65 support level to lock in profits while leaving the rest to run further with a trailing stop behind.

XAGUSDrH4

 

Aussie Kiwi – AUD/NZD continue to hover around its 1.0950 resistance level. Since the momentum is bullish, traders may hunt for potential buy setup at the breakout of the 1.0950 resistance level. If price breakout above its 1.0950 resistance level we are then likely going to see a strong rally coming into this market in the near term.

AUDNZDrDaily

 

Pound Yen – GBP/JPY continue rally higher after price breakout above its bearish trend line as we expected in our 9th July 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position and have the trailing stop set below the 147.90 support level. Traders who missed this buying opportunity may also hunt for potential buy setups if price pullback into its 147.90 support level.

GBPJPYrDaily