Trade Alert It looks like GBPJPY made a higher low, which means that the pair has a good chance to move higher. Also, after a reversal to the downside in the beginning of November, GBPJPY could move a bit higher, in order to regain some of its lost grounds. With the whole yen-buying that the markets have experienced lately, there could be a place for a bit of...
Trade Alert EURGBP is currently testing its short-term upside support line, which if fails to withhold the rate from dropping, then could lead to further declines. For now, it looks like the upside line is strong and showing good support. But will it actually hold? The idea here is not to go in now, but wait until we see a break through one of the levels...
Trade Alert FTSE 100 testing the short-term tentative upside support line, taken from the low of the 6th of December. If the break eventually happens, this might open the door towards the 6720 obstacle, or even all the way back down to the current December low near the 6675 level. Alternatively, if the upside line holds and the price bounces back above the...
Trade Alert TRYJPY is balancing closely to the medium-term upside support line, taken from the August lowest point. We will continue monitoring the pair carefully, but if it breaks below that upside line and closes the daily candle below the 20.65 area, this could be a warning sign for the bulls and they could start abandoning the field. For now, be very...
Trade Alert Has the time finally came to break the line? Certainly, until that line is broken for sure, we cannot say that it will be smooth sailing north from here. Wait for a break above the 1.8485 level, marked near yesterday's high. This way we could get more comfortable with the upside scenario. Alternatively, if the pair drops below the Pivot (around...
Trade Alert This is just an idea, as we can see that AUD/NZD is struggling with the upside, where the Australia's neighbouring NZD is one of the best performers lately. If the pair drops below 0.9633 level, this could mean that further declines are possible, where we could then aim for a test of the 200 EMA (black line). If the bears remain in control, then...
Trade Alert Is it time for buyers to take some of the profits? That's of course, is the big question right. Certainly, the pair is having a fantastic run higher within its rising channel formation. But recently, we have noticed, USDCAD failed to make a higher high, which raises some concerns over the short-term upside potential. Today, the pair is trading below...
Trade Alert GBPAUD is currently at a very tricky sport. On one hand, the the pair is quite oversold and we could see a bit recovery, but on the other hand, GBPAUD is still below its short-term downside line, which keeps holding the rate down. In order to get comfortable with slightly higher levels, we would need to see a break above 1.7410 level, before we...
Trade Alert If the pair continues to struggle in overcoming the 142.800 barrier, this could be a good sign for the bears that they can try and step in again. The near-term outlook still remains bearish, so we could see some more selling coming in. Don't forget your SL CFDs are complex instruments and come with a high risk of losing money rapidly due to...
Trade Alert As long as Silver remains above the short-term upside support line, we will continue aiming higher. The only issue here is the tentative downside line, which could hold the price down. But if the bulls remain strong and we see a push above that resistance line, then we could see Silver traveling further up. The next potential area of resistance could...
Trade Alert Keep watching the lower bound of the range carefully. For now, it looks like that the index could continue ranging between the 18400 and 19630 levels. But, because the price is still quite close to the lower bound, this puts as in a more cautious position, as the overall outlook still remains bearish. A break below the 18400 hurdle could invite more...
Trade Alert A break above the 6.2065 level could confirm a further possible acceleration of the rate. Given the fact that the pair has finally broken the downside resistance line that was running from the end of August, as long as EURTRY remains above, we will aim higher. Please see the chart for details. Don't forget your SL. CFDs are complex instruments...
Trade Alert AUDUSD seems to be picking up the pace again? Or is this move higher just a correction? For us to get comfortable with the upside, at least in the short-run, we would need to see a push above the 0.7240 level. This way AUDUSD could get back above the 200 EMA. We could then aim for a test of the 0.7277 area, or even the 0.7300 barrier, marked by the...
Trade Alert EURGBP seems to be secretly sneaking up towards the recent strong resistance area at 0.8925. If the pair makes a pop above it, don't get too excited yet, as it would still need to overcome the area around the 0.8945 level. If EURGBP pushes above it, then this is where could become even more interesting for the bulls from the near-term...
Trade Alert Once again, GBPUSD has come to test the 1.2720 support zone, which did not allow the rate to drop lower since it was last tested in mid-November. We can see that the pair has already managed to break that area, but in order to get more comfortable with the downside, we would need to see a drop below the 1.2695 hurdle, marked by the October low. This...
Trade Alert EURNOK continues to range between 9.6940 and 9.7700 levels. FOr now, we will stay put, but keep on monitoring key levels, in order to spot a possible breakout opportunity. A drop below the 9.6940 zone could invite more bears to the table,which could open the path towards the next potential area of support near 9.6415, marked by the high of the 16th...
Trade Alert GBPAUD managed to reverse back up. Let's see if the idea works out. After finding support slightly above 1.7400 zone, the pair has now moved above 1.7475 resistance area, which could open the path towards slightly higher levels. To consider a possible short-term upside scenario, we would need to see a break above the 1.7520 and only then we will aim...
Trade Alert Finally, the downside resistance line got broken. Now the big task for EURSEK is to overcome the 10.3500 barrier, which could clear the path towards higher levels. The next potential area of resistance could be seen near 10.435, marked near the high of the 26th of October. Alternatively, a drop back down below the downside line and the 10.2880 level,...