Trade Alert After experiencing sharp declines over the past three trading sessions, the FTSE 100 is now close to its key support zone near 7220 and also close to its long-term upside support line, drawn from the low of the 11th of February 2016. For us to get comfortable with seeing further declines, we would need to see a break and a close below, not only the...
Trade Alert It's a bit of a tricky pair, but EURAUD is showing signs that it could continue weakening if we see a daily close below the 1.6255, which acted as strong support recently and as strong resistance in the second half of September. If we get our confirmation, then a further decline towards the 1.6120 zone could be considered. Slightly below, runs the...
Trade Alert Even though NZDUSD is on a downslope, still, there is a chance for a bit of correction to the upside. Please review the chart for details. This is a short-term idea, so be very careful and have your SL in place.
Trade Alert During the European morning, USDJPY started selling off heavily, breaking its short-term upside support line, taken from the low of the 6th of September. Now the focus could shift towards the bears, if the pair will remain trading below that line until the close of today's daily candle. This could lead to a deeper correction, where we could aim for...
Trade Alert It looks like Ethereum is preparing for a blast, as the coiling up continues. Taking into consideration the fact that the crypto continues to create higher lows, there is a chance that we could see a break through the upper side of the symmetrical triangle. But in order to consider further extensions higher, we would need to see a break and a close...
Trade Alert This is just an idea, if the pair makes a move back above the 0.7085 zone. We could then start targeting slightly higher levels, as the bulls could see this as an opportunity to jump in and lift the pair. In such a scenario, we will initially aim for the 0.7140 level, marked by the low of the 14th of September. Slightly above that lies the 0.7160 area...
Trade Alert USDJPY feeling a bit down today, after it had a good rally since its reversal to the upside on the 6th of September. This is where the short-term upside support line start, which continues to show direction for this pair. As long as the line remains intact, we will aim for higher levels over the near term. But from the short-term perspective, we could...
Trade Alert Not much to discuss here, a part from keep on watching the range that CADJPY is in right now. Wait for the break. Don't forget your SL.
Trade Alert This is a quick trading shout out. Don't forget that this is just an idea, so evaluate before entering a trade. Always have an SL on your trades.
Trade Alert If this gets a follow through and we see GBPNZD closing above the 2.0000 hurdle, or even better, the 2.0035 barrier, we could then start positioning ourselves for higher levels. In the longer-term, we could see the pair traveling all the way to the 2.0700 zone, marked by the highs of the 24th of June 2016. Alternatively, for us to get comfortable...
Trade Alert The crypto is trading within a decent range, so unless you are a range-trader, we will have to wait until we take a position. For us to get comfortable with the upside, we would need to see a break and a close above the 0.6260 level, which is the upper bound of the range. This way we could start examining the 0.70s. Alternatively, a break below the...
Trade Alert USDCAD recently found good support near the 1.2815 area, marked by the low of the 31st of May. It seems that we could see a bit of retracement back up, but if the 1.2880 resistance line will hold, then it could be seen as a good opportunity for the bears to jump in again. For us to get comfortable with the upside, at least for the short run, we would...
Trade Alert This is a quick shout out. Not much to say here, apart from that keep watching the range. We need to get a break through one of the sides, before examining other levels. Please review the chart for details. Don't forget your SL.
Trade Alert Yesterday, GBPCAD rebounded slightly, after getting hit hard in the past few days. Certainly, a further decline is possible, but probably only after we see a bit of correction back to the upside. Please review the chart for details. Always have your SL in place.
Trade Alert As you can see, yesterday, Nasdaq 100 had a brief overshoot of the all-time high that we saw being achieved in the end of August. But the index failed to hold on above the 7691 level and the close happened below it. Judging by this, we could see a follow through towards the downside, where Nasdaq 100 could test the medium-term upside support line,...
Trade Alert Gold is starting to show signs of life again. A strong move above the 50 EMA (red line on the 4-hour chart), could open the door towards higher levels like 1202.50, or even all the way to the 1211 area, which acted as good resistance on the 21st of September. This is where Gold could also meet its medium-term downside resistance line, taken from the...
Trade Alert EURJPY is currently balancing near its key support at around 131.70, marked by the low of the 27th of September and the high of the 19th of September. If we get a close below that line, this could open the path towards the next potential area of support at 130.85. This is where EURJPY could also test the upside support line taken from the low of the...
Trade Alert Now, before taking any action here, we have to hold on wait for Bitcoin to actually make a move through, either the downside resistance line, or the upside support line. Until then, we will be closely monitoring the crypto. A break of the short-term downside resistance line taken from the peak of the 24th of July, togethere with the key resistance at...