Trade Alert The dollar index is now trading around its downside resistance line, taken from the peak of the 15th of August. This is where it will be interesting to see, where will the week close. For us to start examining higher levels, we would need to see a break and a close above the downside line. This way, we could aim for the 94.75 level initially, a break...
Trade Alert This is short-term trade idea. EURCAD continues to trade within the short-term rising channel, even though the Euro is has been experiencing a bit of weakness in the past few days. The pair could continue traveling towards the lower bound of the channel, where the bulls could pick up on the lower rate and start jumping back up again. Certainly, if...
Trade Alert We could still catch a bit of that uprise, especially if the index moves above its recent highs of 3436.5. The move could open the path towards the 3460 level initially and then maybe testing the long-term downside resistance line, taken from the highest point of January. This is where the price could stall for a while. On the downside, a break below...
Trade Alert This is something to keep in my, going into the US trading session and the FOMC meeting. USDJPY continues to trade above its short-term upside support line, taken from the low of the 7th of September. If the line remains intact and we get a break above the 113.00 level, this could invite a few more bulls for another little push of USDJPY to the...
Trade Alert After breaking the downside resistance line on Friday, the index is preparing for a possible shift to the upside. For us to start examining the downside, we would need to see a reversal back below the downside resistance line again. Please see the chart for details. Don't forget your SL.
Trade Alert Now, this is just an idea, because judging by the current activity, it looks that if AUDNZD could just drag itself into the bear zone, where the pair could break the upside support line just by moving sideways. If this would happen, for us to get comfortable with the downside, we would need to see a close below the 1.0845 hurdle, which could open the...
Trade Alert EURTRY is currently balancing just slightly above the short-term upside support line, taken from the low of the 16th of August. If that line continues to hold, then we could see further acceleration of the rate, where the 7.6200 level could get tested. If this won't be enough for the bulls, then we could see another attempt to try and hit the 8.0060...
Trade Alert Because the short-term downside resistance line has been broken, for now, we will stick to the upside. If the pair could either continue sailing north from the current level, or it could retrace back down a bit, hit the downside line and then bounce off of it. We could then start targeting levels like 1.1410, or 1.1455, marked by the high of the 28th...
Trade Alert The Italian index showed some strength yesterday, and we could see a follow through of that bullishness today. A break above the 21150 zone could open the path towards higher levels like 21450 and 21955, where the last is marked by the high of the 8th of August, that could prove itself as good resistance. Alternatively, a move back below the...
Trade Alert This is just a very quick trade idea. Please see the chart for details. Don't forget your SL.
Trade Alert This is a very quick trade idea, so please examine the chart. Certainly, let's keep in mind that with this volatile market, it could reverse back to the upside as well. A break through the downside resistance line would force us to abandon the bearish scenario. Always have your SL in place.
Trade Alert Please examine the chart for details. This is just a trade idea, so be careful. Always have your SL in place.
Trade Alert The index is now very close to its medium-term downside resistance line, taken from the peak of the 29th of January. We will continue to observe the activity, because until that line is broken and we see the Shanghai Comp. closing above 2792, we cannot say that the index will continue pushing higher from here. We need to get that confirmation first,...
Trade Alert Platinum is now close to its long-term downwards moving trendline. This is where it is becoming interesting for the bulls, because if we get a break and a close above that trendline, more bulls could start joining in potentially driving the commodity towards slightly higher resistance levels. The first good potential area to watch could be around the...
Trade Alert EURRUB has broken its short-term upside support line, taken from the low of the 6th of August. This way creating concerns over the possibility of going higher in the short-run. Also, we can see that the pair is currently resting slightly above the 78.95 support zone, marked by the low of last week. A break below the 78.95 could open the path towards...
Trade Alert This is just a short-term idea. If the 1.3170 zone holds and does not allow the pair to continue rising, stay sharp, as we could see a bit of correction coming in. A break below the 1.3120 could potentially confirm that idea. For us to start examining the upside again, we would need to see a break and a close above the 1.3215 level, this way more...
Trade Alert Wait for it! We have to see if the daily candle closes above that downside resistance line, otherwise, we can can scrap the upside scenario for now. If the close above eventually happens, for us to start examining much higher levels from the slightly longer-term perspective, we would need to see a break and a close above 1.1345, marked y the peak of...
Trade Alert Ripple got a boost yesterday, broke and closed above key resistance at 0.3050. But the bulls did not stop there and we saw a continuation move higher towards the 0.3380 zone, which held the price down. Now we are seen a bit of a corrective move back down. The 0.3135 level could be a good bouncing ground for the buyers to jump in again and lift the...