Trade_Simple_FX

Trade_Simple_FX

Here is our next outlook for BTCUSD. A break south of this indicated $95k, before targets of GETTEX:92K and then hopefully a break of GETTEX:92K support to see us trade as low as $85k, breaking all recent support handles and setting a change of trend.

Trade_Simple_FX

BTCUSD H4 Trying to play ball here on BTCUSD, we are still trading south of $100k which is important, similarly ETH is still trading south of $3000, which is equally as important. There is scope to see some more selling pressure here on BTCUSD and ETH, which we would hope takes us down to GETTEX:92K again and then potential beyond to the next area of major...

Trade_Simple_FX

DXY H4 Leading on from yesterday, we have encountered our 'trend support' as identified from 107.500 price. We are simply hoping to see price bounce from this zone and continue upside. This would support our outlook on ***USD shorts and stock indices etc.

Trade_Simple_FX

GBPJPY H8 Leading on from yesterdays analysis too, we came into that 190.000 support price before catching bid again, not entirely sure how much mileage this may have, but there is certainly scope for this setup to start filling this void like we mentioned yesterday. A large 300 point range which offers 5R from support to resistance and 5R from resistance to support.

Trade_Simple_FX

US30 H8 We are yet again approaching that key psychological price level, 45,000 coming into play. We are very close currently, but alerts have been set. Last time this setup came into this 45,000 territory, we sold off an attractive 5R. Looking to see if this setup can offer something similar again, we would love to see price trade closer to 44,000 this time round.

Trade_Simple_FX

DXY D1 Some large market gaps seen across US30 and US100, XAUUSD also gapping to the downside, trading as low as $2725/oz. DXY still remains below our area of resistance and supply, which trades at around 104.500 price. 105.000 would usually be a good technical psychological trading zone, that being said, there isn't much else on that price that would act as any...

Trade_Simple_FX

US30 H4 Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support...

Trade_Simple_FX

US100 H2 Here is Nasdaq, a little different as compared to US30, we have price trading as close to ATH's as you could expect, with a couple of trading tops here from last week. We also saw a huge dump on Friday, that single H2 candle demonstrates a move of 180 points, followed by two more bearish candle closes to end the trading day and trading week. That...

Trade_Simple_FX

GBPUSD H8 We broke slightly south of our 1.30 handle and psychological price late last week, that being said, it was fairly minor, merely just 30 points. We have now adjusted our entry price and SL positioning in the case this setup wants to attempt to break higher. We have an attractive area of support and demand, mixed with the previously mentioned confluences....

Trade_Simple_FX

US100 H4 A slightly higher timeframe here on US100 as compared to the previous US30 analysis, that being said, we have some very attractive trading zones here, 20,500 certainly in the crosshairs, a good area of confluence, ATH price, H4 supply, H4 resistance and a half number trading at 100 points. Which holds as a psychological price level. You can see we set...

Trade_Simple_FX

US100 H4 A slightly higher timeframe here on US100 as compared to the previous US30 analysis, that being said, we have some very attractive trading zones here, 20,500 certainly in the crosshairs, a good area of confluence, ATH price, H4 supply, H4 resistance and a half number trading at 100 points. Which holds as a psychological price level. You can see we set...

Trade_Simple_FX

DXY D1 Cleaning up our dollar index chart here, we have previously been following the price level of 103.000, then 103.300 and now we are looking at this 104.000 whole number. This would be an area of resistance we would yet again expect a rejection. Of course, we have exploded through both previous zones, after some consolidation. Without trying to catch a...

Trade_Simple_FX

GBPJPY H4 We have made a slight adjustment to our trading zone here on GBPJPY. Moving the zone from 195 psychological price, up 60 points to around 195.600. Slight adjustments to accommodate for the recent high press attempts. Supply and resistance no doubt evident on this 195.600 price, stops now covering recent wick high prices of 196.100, with a breathing...

Trade_Simple_FX

DXY H1 Very good morning all, here is our update on the dollar index, last week we saw bulls storm the markets following various different data points. The bull run has sustained and Mondays trading session saw indecisive price movement in the form of consolidation. We are looking like we want to break to the downside. Slowly, but hopefully surely we start to...

Trade_Simple_FX

GBPJPY H4 For those that watched the market analysis and live charting video, you would have seen us discuss GBPJPY and the 195 psychological price/sell zone. We have since seen this zone tested and subsequently rejected. How much mileage this setup has... I don't know, but if we can break 194.500, we should see a send lower. A break and candle close around or...

Trade_Simple_FX

US30 H4 When the markets opened, we saw a large gap to the upside. Following another 30-60 minutes, what would have been our SL would have been knocked. That being said, we wait patiently for the markets to settle before then deciding how we are going to take out trades. We are still very much focussed on this same trading zone, hence the analysis remains the...

Trade_Simple_FX

DXY H8 We are picking up where we left off last week here on the dollar index, markets are breaking the trading zones we were expecting, but we haven't really seen anything of a correction yet, the least i would expect is to see 101.850 price see a test again. We don't have too much in the way of resistance at the moment, but we can see that price is exhausting...

Trade_Simple_FX

US100 H4 Working from the slightly larger timeframes at the moment, as we are trying to block out the market open gaps/noise and surrounding factors. If the dollar is looking to trade closer to 103.000 we could see NAS fall in the short term and continue, but we could also see the correction unfold for the dollar. At the moment, we are in no mans land, we are...