Trade Alert EURAUD could be setting itself for a bit of retracement back to the upside. A strong pop above the 1.5645 level could confirm a short-term forthcoming higher high. At the same time, the prolonged negative divergence could also contribute to the bullish scenario idea. One should still remember that overall, the pair is still within a downtrend, so...
Trade Alert USDJPY continues to run higher. But is it starting to run out of steam? If the pair struggles to overcome the 114.20 barrier, then that could be our first warning. If then, USDJPY retraces and breaks below the short-term upside support line, taken from the low of the 26th of October, this is where it could become worrying for the bulls, which could...
Trade Alert EURGBP managed to break the short-term upside support line and push higher, to clear the 0.8745 resistance level. If the pair struggles to break back below the 0.8745 zone, this could be a strong sign that EURGBP could travel a bit more to the upside, aiming for the 0.8800 hurdle. Alternatively, if EURGBP moves back down below the aforementioned...
Trade Alert As we can see from the chart, AUDNZD has been on a steady decline since the reversal on the 9th of August. Even if the pair would retrace back up, as long as it remains below the downside resistance line, drawn from the peak of the 9th of August, we will aim lower in the near-term. From the short-term perspective, AUDNZD is stuck between the 1.0710...
Trade Alert EURCHF is retracing back down a bit, but still remains above the 1.1400 support area, which is holding the rate from dropping lower. Even if the pair decides to travel lower, still, the downside could be limited due to the upside support line, running from the low of the 7th of September. This is where the bulls could try and jump in, in order to...
Trade Alert Consider this as a possible scenario. AUDUSD could continue retracing a bit further down, in order to give the bulls an opportunity to take advantage of the lower rate. The pair could go down and test the 0.7210 area, marked by the low of the 6th of November. The area also coincides with the 50 EMA (red line), which also could provide additional...
Trade Alert This could be an interesting one to trade. Looking at where the index is right now, it's currently getting held by the resistance area between 3261 and 3275 levels. A nice good pop through the 3275 zone, could invite more bulls to the table and we could see Euro Stoxx 50 moving towards the next potential area of resistance at 3340, or even higher...
Trade Alert This could come out to be very interesting. The index is coiling up, but before we take any action, let's see which way it breaks through. A break above the 96.30 level, could open the way towards the 96.46 obstacle, marked by the yesterday's high, a break of which could set the stage for a further move higher to test the 69.70 barrier. On the...
USDCNY started moving south in the end of last week, but quickly found support near 6.8685 zone and retraced back up above the short-term upside support line. That said, we will remain cautious and for a confirmation brake through one of the highlighted areas, before we take any action. Please review the chart for details. Don't forget to have your SL in place.
Trade Alert EURNOK continues to move north after its reversal on the 17th of October. A good break above the 9.5675 level could confirm an upcoming higher high. This is where we could start looking at levels that were last tested around mid-September. On the downside, a break below the short-term upside support line and also a drop below the 9.5265 area could...
Trade Alert It looks like we are getting closer to a braking point on EURSEK. The pair keeps holding on to its support zone at 10.288, which is proven to be an important level that is keeping the pair from breaking lower. At the same time, EURSEK is still trading below its short-term downside resistance line. That said, for us to get comfortable with much lower...
Trade Alert A nice good pop above the 81.94 barrier could put a positive spin on the pair at least for short-run and AUDJPY could easily get pushed by the bulls towards the next key resistance area at 82.50, marked by the peak of the 26th of September. If that area is not capable of stopping the pair from moving higher, such a move could open the way towards the...
This is a quick shoutout. As long as the line remains intact, we will continue aiming lower. Please review the chart for details. Don't forget your SL.
Trade Alert If EURJPY retraces back down, but struggles to overcome the downside resistance line that got broken today, or even if it doesn't drop below the short-term upside support line, this could be a good signal for the bulls to step in again and drive the pair towards much higher levels, which were last tested in the beginning of October. This would also...
Trade Alert EURSEK is testing the long-term upside support line drawn from the low of the 9th of October. As long as it remains intact, we could see the pair reversing back up again. But for now, we will stay put, as we can see that the pair is sitting between two key levels: 10.435 on the upside and 10.288 on the downside. If one of these is broken, we might...
Trade Alert Quick trade idea. Review the chart for levels. Always have your SL inplace
Trade Alert Finally there are some signs of strength coming into Aussie. AUDCAD broke the downside resistance drawn from peak of the 22nd of June, which continued to hold down the rate. Certainly, we will continue monitoring today's daily candle and see where it closes. If it will remain above 0.9365 today, then there is a good chance we could see this pair...
Trade Alert We are seeing a strong rebound in GBPNZD, where it is aiming now towards the 1.9555 zone. Let's see if such a scenario happens. If the pair struggles to overcome that zone, then we could see the bears jumping into the action again. For us to start looking into higher levels, we would need to see a break above the 1.9640 area. This way we could target...