Fusion Markets in Melbourne, Victoria, Australia | Internet company

Fusion Markets

Locality: Melbourne, Victoria, Australia

Address: 17 Gwynne Street 3121 Melbourne, VIC, Australia

Website: https://www.fusionmarkets.com

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25.01.2022 The dollar is keeping steadier so far today during the European session with light changes across the board, after having put up a modest advance in trading yesterday. The Aussie and Kiwi are slightly higher, helped by a strong NZ labour market report earlier in the day. That said, AUD/USD is still keeping below near-term resistance @ 0.7744-55 while NZD/USD is in a similar position below 0.7195-03. EUR/USD continues to hold just above 1.2000 but faces stiffer resistance from... @ 1.2050 and key near-term levels @ 1.2062-71. USD/CAD continues to keep more choppy in and around 1.2300 for now with large expiries also seen rolling off at the figure level later in the day. Looking at market sentiment, there is a sense that investors are continuing to keep a keen focus on inflation but is awaiting a firm catalyst to really kick things into gear. Meanwhile, equities have been looking frothy and I would argue that it wouldn't take much to scare the market into profit-taking and a more modest correction. That said, any dips will definitely be bought up so timing is everything in that regard. There is still some months away before the supposedly anticipated Jackson Hole 'pivot' by the Fed but who knows if Powell & co. will actually deliver.

25.01.2022 The Asian session and European session has started with the market in risk off mode with the risk assets AUD/AUD and CAD selling off at present. Indexes down too! The typical risk off currency pair to train in risk off mode is AUD/JPY. As you can see, price is breaking to the downside. Will it continue? Don't forget that it is the last trading day of the month tomorrow and we normally see some volatility around this time.

24.01.2022 This is how the market currently stands with NZD and AUD taking charge but lets look at the charts... AUD/USD is at the top of an ascending wedge which we would expect to break to the downside. NZD/USD at the top of a descending channel.

24.01.2022 Potential AUD/USD plays as we see it. Wait for price action confirmation.

24.01.2022 USDCHF H4 technically waiting for a break of Major Support or a Break of the descending channel. Our preference lies with a move north as we expect USD strength into the election and towards the end of November. A break and close above the the channel before we look to trade long.

23.01.2022 We are watching NZD/USD - possible break and retest going on. Looking for sell set ups. Targets for sells are 0.6560 Previous H1 sell stop?

22.01.2022 Is GBP/USD just to about to start a downside move? We have price testing a zone at 1.2648 which has previously acted as resistance and support. We also have price testing what is called an anchor trend line (has acted as support and resistance). It's very early days yet but worth watching the smaller time frames for those early cycle changes.

21.01.2022 A pair to watch right now is USD/CHF because price is at a weekly support level (shown) with the RSI in the oversold position. Now look for changes in cycle or reversal patterns like a double bottom, inverse head and shoulders, morning star etc.

20.01.2022 Hey traders, it's new month. So many interesting charts at present. EUR/USD is one of those charts as price approaches trend line resistance on the weekly chart. When we drop to the 4 hr chart we see price at an ascending channel. We will be watching the smaller time frames for a push to the downside and a pullback/correction to enter a short trade. Price has the potential to then break out of the bottom or reverse.

20.01.2022 Hey traders. We have our eyes on EJ currently right now. Looking for sells if an opportunity arrives. Here is what we see.

19.01.2022 Got our eyes on AUD/JPY at present. With price at the weekly resistance level we are looking at the smaller time frames to identify if buyers turn into sellers.

19.01.2022 So Joe Biden is the new US President Elect but there's a twist Donald Trump rejected the outcome and won’t concede! The markets have been in 'RISK ON' during the Asian and London sessions. We have seen AUD/NZD and CAD strengthen as well as the Indexes. Gold and JPY have been selling off. A headline earlier reference a COVID vaccine helped the market sentiment. The volatile movements has eased off a little since the New York session. A couple of charts of interest are NZD/JPY and Gold because of the areas of value that they are approaching. We will be looking for reversals.

18.01.2022 The GBP/JPY H4 chart is looking interesting today. Price is at the top of a descending channel and price has just printed and engulfing H4 seller candle.

18.01.2022 We are watching USD/CAD M30 for a retest of the broken trend line.

18.01.2022 Gold - 1900 here we come? Then what? Interesting area for Gold.

16.01.2022 Did you manage to get in the AUD/USD sell after our last post?

15.01.2022 Ok high on our watchlist right now is AUD/USD and NZD/USD.

15.01.2022 Gold setting up very nicely for a technical sell. This could possibly break through the bottom of the channel which makes this trade even better. Watch for sellers to come in.

14.01.2022 AUD/USD back at the top of the box range. Keep your eyes out for a rejection once again

13.01.2022 A couple of charts of interest. Both with the possibilities for downside. Gold short term and AUD/NZD longer term

12.01.2022 AUD/USD daily chart has produced an Evening Star pattern showing buyers turning into sellers. Look for selling opportunities if we can break the low of the last daily candle.

11.01.2022 NZD/JPY starting to look interesting. We have seen an H4 cycle change with price now pulling back to test previous support. Watch for sellers.

11.01.2022 USD/CAD H1 at the trendline. Watch for buyers.

11.01.2022 NZD employment numbers just out. The New Zealand Q1 employment data showed... More jobs added than expected... jobless rate lower despite a rising participation rate This is a solid report indeed. the obvious caveat is that the data is from January to March and we are now into May, with economic indicators still doing OK in NZ but coming off the boil from the data during bounce back. Still, a good report. NZD/USD H4 stuck between trendline resistance and trend line support - what next? NZD is seasonally bearish in May and USD normally has its best month of the year in May - so NZD/USD seasonally bearish.

11.01.2022 First day back with full liquidity today as the US were on holiday yesterday. AUD/JPY is a chart we are looking at. There is potential for downside on this pair. Waiting for a break and close below 76.60 and then a retest before selling though. Plan the trade, trade the plan.

11.01.2022 Is AUD/USD on its way to test the 0.6990 to 0.7000 zone again? AUD/USD appears to be range bound between 0.6922 and 0.7000 If price can test the upper part of the range again then we could see sellers come in once again.

10.01.2022 Just coming into the start of the US session now. Liking the look of NZD/USD. This is what we see...a potential Head & Shoulder pattern on the daily with H1 price struggling to move further north with the MACD suggesting that the bullish momentum is dying out.

10.01.2022 EUR/USD H1 - We are looking for price to retest and reject 1.1300

09.01.2022 GBP/AUD is on our watchlist today. On the bigger picture, this pair is at a well respected weekly trendline. We are currently seeing higher highs and higher lows on the H4 chart. Looking for another push to the upside now targeting just under 1.8200

09.01.2022 EUR/USD could be the chart to watch next week. Price is creeping closer and closer to that big 1.1500 number which was previously tested and (strongly) rejected back in March 2020. No support or resistance level is iron clad and unbreakable but this particular level is a 'biggie' so we definitely think this is worth keeping an eye on

09.01.2022 Hi everyone Did you know that August is AUD, CAD & GBP 2nd worst performing month of the year based on seasonal averages? Also August is NZD worst performing month of the year!... So the question is are we going to see this repeat this year? Watch price action... USD/CAD could be setting up right now...

08.01.2022 Do you use the Economic Calendar on our website? We have filtered out the low and medium priority news in the image below to just leave high priority. Later on at 9pm (Sydney) we have the Bank of England Interest rate decision which cause volatility on GBP pairs Here's the link. https://fusionmarkets.com/en/Trading/Economic-calendar

07.01.2022 AUD/JPY thoughts...

07.01.2022 Hey guys. Keep your eyes on USD/CAD. The weekly view shows price bouncing off the weekly trendline which is where we currently find price. On the H4 timeframe we can see a descending channel. Wait for price to have a clear break to the upside and then look to trade the pullback (1st higher low).

07.01.2022 A couple of charts to watch. NZD/JPY could set up during the European session. USD/CHF maybe later in the week.

07.01.2022 Hello everyone! Not many news events to look out for until later in the week with the FOMC statement from the US One of the key charts we are looking at this week is EUR/JPY. Price is at an interesting area now as it tests the weekly trend line resistance and horizontal resistance. For this reason we would favour a downside move and would be looking for this price action to break and retest the daily lows as shown in out chart.

06.01.2022 It was a momentous day in the trading world yesterday when Gold hit $2000 for the first time ever! People have been talking about $2000 gold for over a decade. So what next for Gold? Look for price to retest the big level for clues.

06.01.2022 The daily CHF/JPY chart shows price test and rejecting 114.50 twice. In fact this is a strong resistance level for this pair. The MACD has also created a lower high telling us that potentially the buying pressure is decreasing. The 4hr chart has broken trend and now we are looking for the first lower high to get into a trade short. We could possibly see this at the big number 114.00

05.01.2022 The Australian Dollar is entering a seasonal bearish period (along with NZD and EUR). At the same time the weekly chart of AUD/USD shows price entering a previous area of strong support. Could this now act as resistance? Looking to the right we see 0.72000 and this could be tested before we sellers come in but we will be watching price very carefully now looking for those cycle changes.

05.01.2022 We have our eyes on Gold at the moment. Price is looking 'over extended' and is certainly due a correction. Looking for price action now to identify the change in cycles.It may have reached a top looking at the current M15 chart.

05.01.2022 USD/CAD monthly at a very interesting level. Break or bounce? What do you think? Comment below.

04.01.2022 CAD rate statement out in just over 4hrs - what's next for USD/CAD?

04.01.2022 Hey traders. We have some key news announcements coming out this week form Australia and New Zealand. The AUD/NZD chart is sitting at a very nice key level of resistance. Worth keeping an eye on this week.

04.01.2022 EUR/USD looking interesting. Watching now for a break to the downside.

04.01.2022 One of the charts we will be watching closely this week is NZD/JPY. Looking for downside but IF we can see that clear rejection as shown in the chart.

03.01.2022 NZD/USD makes a new H4 low. Now looking for the pullback and retest.

02.01.2022 USD/CAD weekly shows price getting closer and closer to the trendline.