Trade Alert CADJPY got a nice rejection near the 85.30 level and pushed higher. Currently sitting below the 86.40 resistance zone, but if it gets broken, the pair could easily make its way towards the 86.90, or even the 87.45 levels. For us to start examining the downside again, we will take a more conservative approach and wait until CADJPY moves below the...
Trade Alert This could be good. It looks like CHF is preparing for an advance move against JPY. If the pair clears the 112.65 level, this could lead to further declines. For a more conservative trader, a break above the 113.65 could be that gateway to higher levels. On the downside, keep monitoring the 111.55 area, a break of which, could set the stage for a...
Trade Alert AUDUSD is trying to push higher. Keep your eyes on the 0.7105 resistance zone. A good pop through that area could invite more buyers and lift the pair towards the downside resistance line drawn from the peak of the 26th of January. Alternatively, from the short-term perspective, a break below the 0.7054 could pull AUDUSD a bit lower to test the...
Trade Alert Gold is hanging around the short-term tentative upside line for now. But if it doesn't hold, then please see the possible scenario shown on the chart. We could see a bit of a correction back to the downside, especially if Gold gets below 1215. If the precious metal reverses and moves above 1235 again, we could set ourselves for a possible test of the...
Trade Alert EURGBP continues to slowly grind higher. There is a possibility to see a small correction lower before the bulls could pick up on that and take it higher. Please see the chart for details. Don't forget your SL.
Trade Alert Please examine the chart and its levels carefully. This idea will be valid if we get the daily candle closing, not only above the short-term downside resistance line, but also above the 11500 level. Don't forget your SL.
Trade Alert In the first half of August, we saw the Turkish lira devaluating sharply against other major currencies, which led the USD/TRY to explode to the upside. But when the pair peaked the second time on the 30th of August, it has been on a gradual decline since then. USD/TRY continues to trade below the medium-term downside resistance line drawn from the...
Trade Alert If this is correct, then there is a potential for an upside. But, of course, before we could start examining such a scenario, we would need to see the actual break of the upper side of the so-called wedge formation. Only then the formation could get confirmed. That's why for now, this is just an idea. If EUR/JPY continues to travel lower, then keep...
Trade Alert Pfizer Inc isn't looking quite healthy lately. The stock started forming lower highs. and it seems to be on the verge of breaking through key support at 42.45 . If that actually happens, then we could see the stock falling further. Please examine the levels on the chart. Always have your SL in place.
Trade Alert It not be too late yet to catch a bit of that downside move. The stock has now shifted below the 200 EMA, which could be seen as bearish sign, at least in the near term. Also, the share price keeps forming lower highs, which is also not supporting the bullish scenario for now. Please review the chart for the potential target levels. Always have...
USDNOK barely moved on this morning's data release. USDNOK is having a good run lately and keeps pushing higher. The pair is still above its short-term upside support taken from the low of the 16th of October. After breaking the key resistance at 8.310, USDNOK continues to move higher. But, as we can see, the momentum has slowed slightly, so in a way we could...
Trade Alert Certainly, GBPCAD continues to look weak after yesterday's selling, but there could be a small light in the end of the tunnel for some more retracement to the upside. But that is, of course, if the pair manages to overcome the 1.6805 zone. If it struggles to do that, then we could see the reversal to the downside earlier. Downside: The first...
Trade Alert GBPUSD is very close to its key support at around 1.2920, which if broken, could set the stage for a further decline lower. Certainly, the momentum is to the downside, but stay sharp near that support. If that support line continues to hold throughout today, then we could potentially see a small bounce back up. But for us to get comfortable with the...
Trade Alert Wait for the break. Silver is currently stuck in a little range between 14.70 and 14.80 . Watch the possible break out. A break through the upper side of the range could open the path to the psychological 15.00 area. A break below 14.70 could open the way towards the 14.49 hurdle. But be very cautious with the downside, as we are still above the...
Trade Alert EURGBP continues to slowly grind higher above it short-term upside support line, taken from the low of the 10th of October. For now, its seems that this could be the line to watch, because as long as it remains intact, we will target the upside. That said, the upside in the near term could be limited, due to the downside resistance line, drawn from...
Trade Alert Continue observing the range. The more it will trade in there, the bigger the break out could be. For now, we will stay put and wait for the pair to make its move out of there. Please see the levels on the chart for potential targets, if we get a break through either of the sides. Don't forget your SL.
Trade Alert USDRUB continues to trade within a rising channel, but the moment, it's seems to be struggling to move higher. Certainly, as long as the lower side of the rising channel remains intact, we will remain somewhat bullish on USDRUB. But for a better confirmation of the upside scenario, we would wait until the pair gets above the 67.11 zone. This way, we...
Trade Alert USD/CHF continues to grind higher, but currently it is meeting strong resistance near the 0.9955 barrier. The pair is still trading above its short-term tentative upside support line taken from the low of the 21st of September. As long as that upside line remains intact and USD/CHF jumps above the 0.9955 zone, we will remain positive over the...