Trade Alert EUR/AUD continues to slide since the reversal to downside seen on the 11th of October. This also led to a break of the short-term tentative upside support line, taken from the low of the 20th of August. But what’s more important is that the pair has formed a double top on a short-term picture, with the peaks positioned on the 5th and the 11th October....
Trade Alert AUDJPY keeps moving higher and now is aiming for a possible test of the 80.60 zone, marked by the peak of the 10th of October. If that resistance gets broken, then this could open the path for much higher levels. Alternatively, a break of the short-term upside support line and a close below the psychological 80.00 level, could open the path towards...
Trade Alert DXY is currently stuck within a range between the 94.95 and 95.35 levels. Before making a move, we will wait for a break and a close on the daily chart, either above the upper side of the range, or the lower side of it. Only then we could start examining levels in the direction of the break. A break through the 95.35 level could set the stage for a...
Trade Alert This is a pretty much a straight forwards idea. Platinum is currently trading above a short-term upside support line, taken from the lowest point of September. As long as the short-term upside support line stays intact, we will aim for higher levels. Please review the chart for details. Always have your SL in place.
Trade Alert Keep watching the range that EURUSD is trading in. If the pair continues to push higher and eventually breaks the upper side of that range, this is where we could start looking at higher levels again. THe same rule applies for a break of the lower side of that range. Please see the chart for details. Always have your SL in place.
Trade Alert EURJPY has now broken the upper bound of the falling channel that it has been trading in for some time. If the pair remains trading above 129.85, this could interest more bulls to join in and potentially drive EURJPY to the 130.50 zone, marked by the highs of the 12th and the 10th of October. Alternatively, a move back below the upper bound of the...
Trade Alert GBPUSD is at interesting spot, where the big battle between the bulls and the bears will commence. Either the pair is going to make a run for the upside and will get above the short-term upside support line, drawn from the low of the 4th of October, either it will get rejected and move back down. A break and a close above the 1.3180 level, could...
This is just an idea for now, so now action taken yet. If this is the case, the USDZAR could be on the way of forming a Head-and-Shoulders. But until we get that break of the "neckline", we will just monitor the pair. Always have your SL in place.
Trade Alert The chart is pretty much self-explanatory. Keep your eyes on the potential breaking areas. Don't forget your SL.
Trade Alert Quick shout out: A break below 1.1575 could open the path towards 1.1550 initially and if that doesn't hold, then the next potential target is 1.1525. Scrap the idea, if the pair gets back above the short-term upside support line, taken from the low of the 9th of September. Don't forget your SL.
Trade Alert Is Gold ready for the big move? Not much to discuss here. Everything is on the chart. For the conservative ones, wait for the daily close above the downside resistance line. Don't forget your SL.
Trade Alert Keep your eyes on the short-term upside line. Even though we are seeing good performance from the pair, still, we will hold on from entering any longs. We will take a more conservative approach and wait for a break of the 1.1575 before we start examining higher levels. If EURUSD travels lower, breaks below the upside support line,in order to see...
Trade Alert USDCHF has broken the lower side of the range it was trading in between 0.9890 and 0.9955. As long as the lower bound of the range continues to hold down the rate, we will remian bearish over the near-term outlook. If USDCHF get back inside the aforementioned range, we will stay put and wait for the pair's next move. For us to get comfortable with...
NZDJPY had a nice rebound back to upside yesterday, after experiencing a prolonged decline from the high of the 1st of October. We will now remain somewhat neutral, but keep a close eye on the pair. If the pair returns back to test the 73.40 area, this could potentially lead to a break, as there could be some selling of the yen again. A break could open the path...
Trade Alert Watch the breakout. The pair is currently in a short-term range, between 1.4860 and 1.4940 levels. If EURCAD decides to move out through the upper side of the range, then this could open the path towards a test of the 1.4985 area, a break of which could lead to the 1.5075 hurdle, marked by the low of the 29th of August. Alternatively, a break...
Trade Alert The moment of truth: will it break the short-term downside resistance line or not? But even if it would, wait for a close above the 1.3045 for a better confirmation of the upside. Similar story is with the downside, a rejection near the downside resistance would just be half of the story. Please see the chart for details. Don't forget your SL.
Trade Alert Even though we are seeing Brent Oil recovering back up slightly, still the momentum is to the downside, for now. This could be a good opportunity for the bears to take advantage of the higher price. Ofcourse, that said, be very careful, as a strong reversal back up above the 85.40 could push away the downside idea for now. Don't forget to have your...
Trade Alert DAX is not feeling very well lately. The bulls are getting crushed by the bears. These are the simple explanations of the recent fall, without going into too much details. For now, we assume further continuation to the downside, at least towards the 11865 level. This is where we stay put, as we could see the buyers trying to regain control of the...