Trade Alert After breaking its short-term upside trendline, EURGBP continues to travel south, in search of the next good area of support. Recently, the pair found support near the 0.8875 level, a break of which could set the stage for a test of the 0.8855 hurdle, marked by the low of the 2nd of August. If that hurdle is not able to withhold the pressure from the...
Trade Alert Keep monitoring the 94.50 level, as a close below that could open the way towards the 93.75 support area, marked by the low of the 9th of July. This is where the price could stall for a bit, as it would meet its 200 EMA. Further declines could lead to a test of the 93.20 zone, which was the low of the 14th of June. Alternatively, a strong rebound...
Trade Alert Natural gas is balancing on the upwards moving trendline, for now. The question here is, will we get a break below? Until that trendline holds strong, we will stick to the upside. But a good confirmation of the possible upside move, could be a close above the 2.870 level. This way could start positioning ourselves for a possible move back up towards...
Trade Alert Silver is still trading below its downwards moving trendline, taken from the high of the 25th of June. If this precious metal goes lower and break the 13.985 zone, this could open the path towards the lowest point of 2015, reached on the 11th of December that year. The level to watch there is around 13.645. The area around there could stall the price,...
Trade Alert The downside resistance line is broken. It looks like GBPJPY is preparing for a possible continuation to the upside. Please examine the chart for details. Don't forget your SL.
Trade Alert Brent is currently hanging around the upper bound of the falling channel that it broke out of and closed above on the 11th of September. For now we are monitoring the commodity carefully. For us to examine the upside potential we need to see a good move back above the 79.80 level, or even the 80.50 barrier, marked by the highest point of May. This...
Trade Alert As we can see, the crypto world got a boost yesterday, so we could expect this to continue at least a little bit more. Ripple continues to trade below it medium term downside resistance line, taken from the peak of the 10th of February. But from the short-term perspective, Ripple could make its way a bit higher, especially if we see a break of the...
Trade Alert After yesterday's good push higher, ETHUSD managed to recover some of its lost grounds. The crypto broke through 203 resistance, which now could act as perfect support for Ethereum to move back up again. A move back above the 224 zone could set the stage for a possible touch of the 235 level, or even the 250 barrier. Slightly above runs the...
Trade Alert The pair is balancing just slightly above its, we can say tentative, upwards moving trendline, taken from the low of the 6th of August. We remain cautious for now. We need to see either a close below that line, in order to start examining lower levels again. Or, if EURUB decides to bounce and close above 80.29, this could be a bullish sign, where the...
Trade Alert USDINR is now moving away lower from its all-time highs near the 72.90, which was reached today. As we can see from the chart, the pair continues to trade above a few upside lines. For now, the main focus will be on the steepest short-term upside line, taken from the low of the 9th of August. If USDINR reaches that line and bounces off of it, this...
Trade Alert From the very short-term perspective, NZDUSD could make its way higher, only if it gets a good break through the 0.6565 zone, marked by the yesterday high. This is where we could see the pair potentially making its way to test the downside resistance line, taken from the peak of the 13th of June. Alternatively, a break below 0.6545-0.6540 zone could...
Trade Alert Wait for the EURAUD to break through one of the highlighted levels. For now, we can see that the pair is balancing slightly above the short-term upside support line, taken from the low of the 20th of August. Even if we would get a break below that upside line, still, for us to start examining lower levels, we would need to see a break and a close...
Trade Alert As you can see, AUDNZD bounced off of the medium-term upside support line, taken from the low of the 12th of April.But was it enough for the bulls to take this as a positive and potentially drive the pair back up? It would be better not to get ahead of ourselves and wait for a confirmation break, which could be taken near the 1.0920 zone. At least...
Trade Alert Looking at the 4-hour chart on the DJIA, we are waiting for it to come out of the small range that the index is trading in. A break below the 25800 could open the path towards lower levels, but the downside could be limited due to the upside support line, taken from the low of the 28th of June. This area could be a good opportunity for the bulls to...
Trade Alert It looks like USDRUB might be heading for a bit of retracement, at least for the short-run, as it has broken the steep short-term upside line. This move could lead towards a test of the 68.74 zone, marked by the low of the 7th of September. Please see the chart for further details. Don't forget your SL
Trade Alert Brent is still trading within the falling channel, but it looks like it is trying to test the upper bound of it again. For us to turn bullish again, we need to see a close above the channel, in order to aim higher. This is when we could start looking at 79.80, or even the 80.50 zone, marked by the high of May. On the downside, a break and a close...
Trade Alert This could be a short-term buy only if NZDUSD makes a good move above the 0.6540 barrier. This way could start looking at a potential test of the 0.6615 zone, marked near the high of the 0.6615 zone. This is where the pair could find good resistance from the medium-term downside trendline, taken from the peak of the 13th of June. But this is the area,...
Trade Alert If this confirms a falling wedge, then in the long-run, we could expect this to travel higher. But for this idea, we need to get a confirmation break above the upper side of the so called "falling wedge". Please see the chart for details. Don't forget your SL.