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Market Analysis

Market Spotlight: NZDCAD Heading to Second Target

NZDCAD Breakdown Looking GoodThe drop off in risk assets across the week has benefitted our NZDCAD sell idea very nicely. Price has now broken through the initial target at .8475 and is on course to...

Market Spotlight: Is BTC Waiting To Rip Higher?

BTC On WatchBitcoin prices continue to hold very tightly to 41510 support level (and longer term rising trend line) here as price remains within the large falling wedge pattern which has framed the...

Market Spotlight: AUDNOK Channel Break On Watch

AUDNOK To Turn Higher?AUDNOK price action is starting to look interesting here. We’ve seen the pair moving lower within a well-defined bear channel over the decline from December highs. However, the...

Market Spotlight: Trading Tonight's Aussie Employment Data

Aussie Employment Data In Focus TonightLooking ahead to tonight’s Asian session (Weds/Thurs overnight), the key data releases to note are the Australian unemployment rate and employment change...

Market Spotlight: CADCHF & Canadian CPI

CAD CPI In FocusToday’s Canadian CPI print will be the key data focus for the US session. CAD has been one of the strongest performers of 2022 in light of the uptick in oil prices and hawkish BOC...

Market Spotlight: GBPCAD Pattern Play

GBPCAD Head & ShouldersThe rally in GBPCAD off the Q4 2021 lows looks now to have fizzled out with price putting in an interim double top formation around the 1.73 mark. Price has now broken below...

Market Spotlight: NZDCAD Hits First Target

NZDCAD Opens UpThe breakdown trade recently issued in NZDCAD has seen the market extending lower to reach its first target at .8475. Despite some corrective action, NZD is firmly back under pressure...

Market Spotlight: GBPJPY Looking To Break Out

GBJPY In Holding PatternGBPJPY price action is starting to look very interesting here. Price is has been sitting in a tight range just under the 157.88 highs over the last week. While there are clear...

Market Spotlight: Loonie Looking To Break Lower

USDCAD Testing Channel LowThe sell off in USDCAD over the last week has seen price breaking below key support at the 1.2643 level trading down as far as a test of the 1.2469 level, with the bull...