Hi, and welcome to Tuesday's update. Today's focus is on Gold as price continues to trade with inside bars after last Friday's 3% jump. US employment data fueled the rally, and this data sent the USD packing. We're looking for Friday's breakout to complete, but we need to see buyers come back into the market with another firm move higher to show us that Friday's...
Hi, and welcome to Monday's update. Today's focus is on AUDJPY and EURJPY. Will we see intraday continuations? Today's video covers the 4H, but these trade ideas are seen from the 6H timeframe. We have confirmation with the CCi making a zero bounce in an uptrend with the MA supporting with an up angle. Price has made a new HL, and the AUDJPY has formed a new...
Hi, and welcome to Thursday's update. Today's video analysis looks at Ethereum on the daily chart. I wanted to do this report yesterday, but I wanted to give the market some more time to prove that this latest move higher really had some legs to it. Buyers confirmed Tuesday's rally with a follow-up, which is a good sign. We are focusing on ETH, but this week's...
Hi, and welcome to today's update. Focus today on the US30 as buyers continue to push the case for a new up leg. In today's video, we run over price action that proceeded the move and the battle we watched last Friday and yesterday as traders tried to hold and move passed 30,000. The break above resistance in today's Asian session is a great sign, and we want to...
Hi, and welcome to Wednesday’s update. Today we are looking at the USD, and it’s hard not to focus on the dollar with all the key news that’s on the way. From tonight, 11:30 local time (AEDT), we have PPI followed by the Fed minutes at 5:00 am and US CPI data at 11:30 pm to cap it off. The CPI data being released will be both the M/M EXP 0.2% and the Y/Y EXP...
Hi, and welcome to Thursday’s update. With all the recent buying of risk currencies to a retreating USD, we have noticed a V reversal pattern forming on the GBPUSD and the EURUSD. A V reversal pattern is, basically as it sounds, a price pattern that is shaped like a V. The pattern can show firm demand as buyers fight back quickly, matching the previous selling....
What a start to the week and month we are seeing so far, traders. So far, buyers have added 5.52% to the US30, taking prices back to levels not seen since last month. Yes, it is great to see, but should we start thinking bottom? The UN is warning that we could see a global recession, with developing nations possibly seeing the brunt of the hurt. JP Morgan is...
Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative. That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's...
In today’s video, we are looking at the US30. We start with a longer-term view and move down to the short term. Overall, the market continues to trade in a corrective phase that could be called a bear market. The issue we see here was the last relief rally that broke the downtrend. While it did upset the pattern of the downtrend, sellers now look to have broken...
Hi, thanks for tuning in for today's update. Today we're looking at the AUDUSD as, despite Tuesday's crunching price, contuse to hold at a well-established demand and support area. There are a few things happening with the AUDUSD atm. First, we can see firm support at the 6720 area. We can also see OBV presenting rough divergence, but it's not what you would...
Hi traders. Thanks for tuning in for today's video update. Bitcoin took a tumble overnight, but price continues to hold above its base support for now. Whether or not you value trendlines, it's funny how they sometimes line up. In today's analysis, there's a perfect touch to the longer-term downtrend that continues to form a descending triangle pattern with a...
Thank you for tuning in for Wednesday’s update. Today’s video analysis focuses on ETH. We also have a quick recap of some key FX moves we’ve seen since yesterday, including the USD run into new 2022 highs and the JPY crashing to 22-year lows. Some top 10 coins broke lower yesterday, but ETH held out after an impressive 5% rally in yesterday’s Asian session....
Welcome to Monday’s update. In today’s video analysis, we’re looking at the EURUSD and GBPJPY on the short side. Friday’s employment data came out mixed, and while we did see a short push higher sellers took control in the NY session, setting up a fade into the end of the week. USD momentum has continued so far on Monday, with the risk majors trading lower after...
Hello all, welcome to today’s update. Today’s video focuses on the USD index after buyers made another strong move in yesterday’s NY session. In today’s video, we run over the price current price action and trend structure after buyers made a breakout yesterday, clearing 109 resistance that held buyers back during this week. The USD continues its fantastic run...
Hi, and welcome to today’s video update. Our focus is on gold’s daily chart, and in our analysis video, we run over the levels we’re watching and review price action we are looking for. Gold could be starting to set up a new area of support, but we need to see this level hold today to give further credibility and, hopefully, confirmation. Sellers continue to...
Hi, and thanks for stopping past for Monday's video update. Today's focus is USOUSD (oil). We are looking at oil on its current daily chart and asking if we are seeing the start of a new uptrend. We all saw last Friday's fireworks and the effect they had on the USD and risk markets. Oil acted no differently at the start moving 1.98% lower, but this was...
Thanks for stopping by for today's update. Our focus is on the USDCAD as buyers look to be finding new support after last week's range breakout. The USD has been up, and about recently, we saw the USD index hit 109 yesterday, testing July high. Buyer momentum was short-lived as sellers took control in the NY session, sending price to a lower close, the first in...
Hi, and welcome to Friday's update. In today's video, we are focusing on the GER30 daily chart. Price action and the OBV indicator are starting to show signs that sellers could be gaining short-term control over the market. Looking at price we can see that buyers made a failed breakout attempt, and sellers came in strong on the next session with an engulfing...