Trade Alert After breaking the short-term upside support line, USDCHF went down and tested the previous support near 0.9913, from which the pair rebounded. If USDCHF struggles to get back above the upside line, we could see the bears stepping in again to push the pair back towards the 0.9900 hurdle. In order to start examining higher levels again, a break above...
Trade Alert you have to be very careful with trading cryptos nowadays, especially if you are trying to play the buy-side of it. Looking at this from the short-term perspective, if Ripple pushes higher and breaks above the 0.3990 level and also above the 50 EMA (red moving average), then we could see the crypto getting lifted back towards the area seen around...
Trade Alert If the index makes a further push higher and breaks above the 3185 level, this could mean that the index is ready to travel a bit higher, at least towards the highs seen during mid-November. Alternatively, if Euro Stoxx 50 retraces back down and breaks below the very short-term tentative upside line, we could start targeting slightly lower levels...
Trade Alert Because the index has already moved above the area around 24670, which was a temporary resistance area, we could expect the index to be lifted a little bit higher. Also, what we should note is that the 24670 level acted as the "neckline" of an inverse head-and-shoulders pattern that we can see on the 1-hour chart. If the index gets back below the...
Trade Alert This is a short-term trade idea for today or tomorrow. GBPAUD has broken the short-term upside support line, drawn from the low of the 16th of November. This opens up the path towards lower levels like 1.7560 or even 1.7470, which we will target for now. Alternatively, if the pair reverses back up again and gets above the aforementioned upside line...
Trade Alert USDJPY continues to push higher, but got held by the 113.65 resistance zone. Now we have to wait and see if that zone continues to hold the rate down, or will it act as a gateway towards higher levels? A break above the 113.65 level may open the path towards R1 (near 113.85), or even the 114.00 hurdle. If the pair struggles to overcome that level,...
Trade Alert EURUSD could retrace back up to test the 1.1325 zone, which it broke through today. If the pair struggles to get back above it, then we could see the bears jumping in again and driving EURUSD downwards. In order to get comfortable with higher levels again, a break above 1.1344 is required. Please see the chart for details. CFDs are complex...
Trade Alert Could be a possibility. Even though Ethereum is still expected to head south, a bit of correction to the upside could be a good opportunity for more bears to jump in later on. Because the crypto is still below its short-term downside resistance line, the near-term outlook is still negative. But because Ethereum managed to bounce back above the Pivot...
Trade Alert The pair seems to be flagging out. Currently is getting held by R1, but let's see if it manages to push through and continue with the textbook formation. This idea could be for today and tomorrow, as we doubt that it would travel beyond above R3 today if the pair decides to continue with the rate acceleration. Scrap the whole idea if the pair drops...
Trade Alert Let's see if this idea works out. EURHUF is currently balancing below the short-term downside resistance line, but if the pair breaks that line, we could get some increased buying activity, where the pair may go to the 13th of November high, near the 323.55 barrier. Don't forget your SL
Trade Alert DXY ant the short-term upside support line are really working well together. But for how long? Well, the index manages to overcome the 96.90 barrier again, then we could expect a rise towards the next potential area of resistance at around 97.40. Alternatively, a drop back down below the 96.75 zone may drag DXY back down towards the aforementioned...
Trade Alert Watch this pair carefully as we are getting news around the Brexit developments today. Another pop above the 1.7035 could invite more bulls to the table and the pair could be lifted towards the 1.7095 zone, which was already today's high. If that area doesn't hold the bull-pressure, keep your eyes on the 1.7227 obstacle, or even the 1.7285 barrier,...
Trade Alert EURTRY is still below its downside resistance line that has been dragging since the August highs. But the pair seems to be holding onto its key support level near 6.0125. Certainly, if the pair breaks below that, then we will continue aiming lower. But given the fact that EURTRY has struggled to overcome that barrier twice already, there could be a...
Trade Alert Together with the other indices, the French CAC 40 was also hit by heavy selling, but it managed to find support near the October low of 4896. But what's interesting here is that the daily chart could be forming a harami candlestick pattern, hence why we recommend to observe today's close and act on it either tomorrow or Friday. The only issue with...
Trade Alert Hold on for now. Certainly, this pair still looks bullish, but it is currently slightly overextended to the upside. That's why we will either for it to pick up the buying momentum again and break the 0.9655 area, or drop and close below the 0.9555 hurdle. For now, it would be difficult to say, if AUDCAD still has some gun powder in it, or if it is...
This pair is quite exciting to observe. The chart is self-explanatory. Either we get a nice break below the 81.60 zone, which could open the path towards lower levels. or AUDJPY bounces back up and forms a wide range. A drop below 81.60 may clear the path towards the 81.25 area, or even the 80.60 hurdle. A break back above the 82.15 obstacle and a close above...
Trade Alert EURNOK got stuck between the 9.7230 and the 9.6930 levels. For now, we will stay put and wait for the pair to exit this short-term range. Even though tomorrow's Norwegian unemployment figure could be a non-event for the Krone, still, we will watch the EURNOK carefully during the release of the data. Always have your SL in place.
Trade Alert Looking at the Ethereum cahrt, it doesn't look promising, some could say. Certainly, the crypto could continue sliding further, but at some point it should find a floor, at which it could become attractive for investors again. From the short-term perspective, we will aim lower, at least towards the 136-dollar price tag, which was last time tested on...