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Analysis, videos, articles and more direct from the trading floor

Midweek Majors Watch

AUD and NZD are just ranging and being bought up every time the pairs are sold mainly due to a lack of money in the market which can be seen from the COT data. GBP is an interesting one where the price has remained quite bullish. Looking at where cable and the GBP crosses are...
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USDCAD

USDCAD Price eventually held above the Weekly trendline and shot up right at the end of the last week forming a 4HR triple bottom reversal and a Daily inverted H&S. Look for buy trades on smaller time frames with safer entries above 1.3330. USDCAD – Daily Chart   USDCAD – 4HR Chart   On an...
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Weekly Analysis 3rd March 2019

Summary and Watchlist Potential start of Dollar Uptrend Daily Phase 1. Watch out for any stall or exhaustion towards the end of the week. Potential Crude and Indices sell off. Look for pullbacks on JPY crosses. We will be looking for in particular: Dollar buy trades. Buying JPY in the crosses following a reversal confirmation....
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GBPCAD

I have been doing some analysis on this pair this morning and we are back to the 1.7500 level. As you can see the zone i have drawn we have had 9 rejections to me that shows this pair is at a strong resistance level. We can also see a double top forming which we...
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USDCAD & NZDUSD

USDCAD Price reached just above the Daily 200 SMA, bounced, fell again and then closed below the 200 SMA on Friday. I would wait to see the reaction if price reaches the Weekly TL and Feb 2019 swing low. We have now moved on from a potential inverted H&S to a double bottom scenario. Friday’s...
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Kane’s Market Watch 25/02/19

Hear my thoughts on USDCAD, NZDUSD and GBPUSD as I place them all on my watch list for the coming week.
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DXY & EURUSD

Good morning all, This morning we are looking at DXY & EURUSD, lets see what our traders think DXY Following the release of Fed minutes, we saw buyers come back in and price started consolidating with no real momentum either way for the rest of the week. Planning ahead – the assumption we are going...
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Watchlists

Good Morning Traders, We are looking at GBPUSD, NZDUSD, AUDUSD & USDCAD today as we end the week. GBPUSD Price has hovered around that weekly trend line area for the past two days. Should dollar move higher than we’ll see price drop from here and form a lower high. Safer to wait for the break...
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USD/JPY

Afternoon traders, USD/JPY is on our watchlist. Price action has formed a bullish pennant. Testing resistance we are waiting for the bullish breakout. An aggressive entry would be a buy stop above the current high once the bar has closed. A conservative approach would be when price breakouts out of the pennant (as seen in...
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