27th September 2018 Market Outlook

Loonie Yen – CAD/JPY decline lower after price rejected its 87.30–86.80 resistance area. The short term trend is bullish at the moment therefore conservative traders may wait for price breakout to buy into this market to jump on the bullish trend while aggressive traders may consider shorting this market for a quick short term trade.

CADJPYrDaily

 

Euro Dollar – EUR/USD consolidates below its 1.1800 resistance level since last week. Given that the long term trend is still bearish, traders may consider shorting this market to jump on the bearish trend. Traders may also wait for price to breakout below its consolidation before shorting this market for a safer entry.

EURUSDrDaily

 

Aussie Loonie – AUD/CAD is heading back towards its 0.9580 resistance level. If price indeed pullback into it, 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.

AUDCADrDaily

26th September 2018 Market Outlook

Euro Yen – EUR/JPY is currently trading below its 133.10 resistance level. Given that the momentum is bullish at the moment, traders may consider buying into this market if price breakout above its 133.10 resistance level 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.

EURJPYrDaily

 

Loonie Dollar – USD/CAD is heading back towards its 1.3000 key resistance level. Since the market is still moving sideway, traders may consider shorting this market at the 1.3000 key resistance level for a quick short term trade. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

USDCADrH4

 

Aussie Yen – AUD/JPY rejected its 81.70 support level earlier this week and has been consolidating above its support level. Since the momentum is bullish, traders may consider buying into this market to jump on the bullish momentum. Traders may want to have a tighter stop loss for buy setups as the bulls are not aggressive enough at this current moment.

AUDJPYrH4

25th September 2018 Market Outlook

Pound Aussie – GBP/AUD pullback into its 1.7950 support level and rejected it yesterday which lead price higher after the rejection. Price is likely going to rally higher in the coming days therefore traders may consider buying into this market to jump on the bullish trend and have the first target set near 1.8470 resistance level.

GBPAUDrDaily

 

 

Japanese Yen – USD/JPY continue to rally into its 113.10 resistance level after breakout above its 111.73 resistance level. Given that the overall trend is still bullish, traders may consider buying into this market if price breakout above its 113.10 resistance level to ride on the bullish trend.

USDJPYrDaily

 

Kiwi Dollar – NZD/USD is making its way back into its 0.6800 resistance level. Given that the trend is bearish, traders may consider shorting this market to jump on the bearish trend if price pullback into its 0.6800 resistance level. Traders may goes down to the lower time frame charts to hunt for potential short setups to jump on the bearish trend.

NZDUSDrWeekly

24th September 2018 Market Outlook

Euro Dollar – We have a nice support level below at 1.1715 support level in EUR/USD which traders may consider buying into if price pullback into it as the trend is bullish at the moment. There’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

EURUSDrH4

 

Aussie Yen – AUD/JPY rejected its 81.70 support level earlier today. Since the momentum is bullish, traders may consider buying into this market to jump on the bullish momentum. The next key resistance level is not found until 84.10 which offer traders massive profit margin to trade the long side of the market.

AUDJPYrH4

 

Pound Dollar – GBP/USD is making its way back into its 1.3030 support level. Given that the short term 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 confirmation before buying into this market to avoid false signals.

GBPUSDrDaily

21st September 2018 Market Outlook

Euro Kiwi – EUR/NZD is making its way back into its 1.7480–1.7380 support area. Given that the overall trend is bullish, traders may consider buying into this market if price indeed pullback into its 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.

EURNZDrDaily

 

Aussie Yen – AUD/JPY rally higher after price breakout above its 81.70 resistance level which now turned into a support level. Since the long term trend is still bearish, conservative traders may wait for short setups before shorting this market while aggressive traders may consider buying into this market if price pullback into its 81.70 support level (Previous resistance level) to jump on this potential counter trend trade.

AUDJPYrH4

 

Norwegian Krone – USD/NOK continue to decline lower after price formed lower highs and lower lows as we expected in our 17th September 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to continue its decline in the coming days.

USDNOKrDaily

20th September 2018 Market Outlook

Loonie Dollar – USD/CAD continue to decline lower into its 1.2900 key support level after price performed a false breakout at its 1.3170 resistance level as we expected in our 7th September 2018 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the position around 1.2900 key support level while leaving the rest of the position to run further with a trailing stop behind.

USDCADrH4

 

Pound Dollar – GBP/USD formed a higher high and higher low on the chart. Given that the short term trend has turned 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.

GBPUSDrDaily

 

Loonie Yen – CAD/JPY once again rally into its 87.30–86.80 resistance area. If price is able to breakout above its 87.30–86.80 resistance area, we are then likely going to see further rally coming into this market in the near term. Traders may consider buying into this market at the breakout of 87.30–86.80 resistance area to jump on the potential further bullish swing.

CADJPYrDaily

19th September 2018 Market Outlook

Euro Aussie – EUR/AUD formed a double top which could potentially cause price to decline lower in the coming days. Since the overall trend is still bullish, conservative traders may want to wait for price to pullback into support level before buying into this market while aggressive traders may consider shorting this market especially if price pullback into its double top formation neckline at around 1.6160 resistance level.

EURAUDrH4

 

Pound Yen – GBP/JPY printed higher high and higher low on the chart which could be an early sign of price reversal. Traders may consider buying into this market to ride on the potential rally especially if price pullback into its 145.50 support level. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

GBPJPYrDaily

 

Aussie Dollar – AUD/USD short term trend has turned bullish and we could potentially see price rally higher in the coming days. If price pullback into its 0.7210–0.7195 support area, traders may then hunt for potential buy setups to jump on the potential bullish run. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market to avoid false signals.

AUDUSDrH4

17th September 2018 Market Outlook

NZD/CAD – NZD/CAD continue to decline lower after price rejected its 0.8720–0.8680 resistance area as we expected in our 20th August 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind to lock in profits. Price is likely going to continue its bearish trend as there’s no immediate support level below.

NZDCADrDaily

 

Euro Kiwi – EUR/NZD continue to rally higher after price breakout above its year long consolidation last week as we expected in our 6th September 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 weeks.

EURNZDrWeekly

 

Norwegian Krone – USD/NOK short term trend has turned bearish after price printed lower highs and lower lows on the chart. Given that the short term momentum is bearish at the moment, traders may consider shorting this market to jump on the bearish trend. Traders may also wait for price to pullback into its 8.3250–8.2900 resistance area before shorting this market for a more favorable risk:reward trade.

USDNOKrDaily

12th September 2018 Market Outlook

Loonie Dollar – USD/CAD decline lower after price performed a false breakout at its 1.3170 resistance level as we expected in our 7th September 2018 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the position while leaving the rest of the position to run further with a trailing stop behind. Traders who missed the shorting opportunity may still hunt for potential short setups if price pullback into resistance level.

USDCADrH4

 

Pound Kiwi – GBP/NZD breakout above its year long consolidation earlier this week which could potentially lead price higher in the coming weeks. Given that the current momentum is bullish, traders may consider buying into this market to jump on the bullish momentum. Traders may also wait for price to pullback into its 1.9750 support level before buying into this market to avoid false signals.

GBPNZDrDaily

 

Euro Loonie – EUR/CAD breakout below its 1.5210 support level yesterday which now turned into a resistance level. Since the momentum is bearish at the moment, traders may consider shorting this market to jump on the bearish momentum. Traders may also hunt for potential short setups if price pullback into its 1.5210 resistance level for a more favorable risk:reward trade.

EURCADrH4

11th September 2018 Market Outlook

Aussie Yen – AUD/JPY is making its way back into its 79.80 resistance level. Given that the trend is still bearish, traders may consider shorting this market if price indeed pullback into its 79.80 resistance level. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market to avoid false signals.

AUDJPYrDaily

 

Euro Kiwi – EUR/NZD continue to rally higher after price breakout above its year long consolidation last week as we expected in our 6th September 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 weeks.

EURNZDrWeekly

 

Pound Aussie – GBP/AUD has been quite bullish over the last few weeks. Given that we have a strong bullish momentum going on, traders may consider buying into this market to jump on the bullish trend. The next resistance level is located at 1.8470 which offer traders decent profit margin to trade the long side of the market.

GBPAUDrDaily