Trade Alert As we can see on slightly bigger picture, after getting hit last week, DAX is now trying to recapture some of its lost grounds. The index moved back above the psychological 12000 barrier, but does it mean that it will be moving higher from now on? For now, we are sceptical about the upside potential, as the index is trading below its upside support...
Trade Alert EURCAD bulls are still trying to fight back and push the pair higher. As long as the short-term upside support line remains intact, we will stick to the upside. Certainly, be very careful with today's Canadian numbers that could have an affect on the pair. We will be monitoring the 1.5370 level carefully, as a break of it could be seen as a gateway...
Trade Alert We have to wait here for a bit, before we make our next move. Ripple is stuck between two important lines here, 0.3740 and the 0.2465. If the crypto continues to drive lower and breaks below the 0.2465 zone, then there is a possibility for it to make its way towards the psychological 0.2000 barrier. On the upside, a break above the 0.3740 level,...
Trade Alert It looks like AUDUSD is trying to make a run for it higher. But at the moment this is just pure speculation. We need to get confirmation first. For that, we will wait for a clear break of the 0.7235 zone, in order to get our confirmation. This move could open the way towards the 0.7315 area, where the pair could test the medium-term downside...
Trade Alert For now, it seems that AUD is loosing its battle to its NZD and the the pair is on its way to test the medium-term upside support line, taken from the low of the 12th of April. This is where the strength of the bulls could get tested again. If they remain strong, the pair could bounce and move higher again towards previous highs (see the chart for...
Trade Alert Further declines are possible if DAX continues to trade below the 12100 zone, or even the medium-term upside support line, taken from the low of the 26th of March. This way, the bears could remain in control and continue driving the index lower. The next strong area of support to keep an eye is the 11795 hurdle. Slightly below lies another potential...
Trade Alert Brent is trading within a downwards moving channel. Until those boundaries remain intact, this commodity could continue traveling lower towards the lower bound of the channel. A good confirmation of such a move could be a move below the 74.90 zone. On the other hand, a break through the upper side of the channel could open the way towards May highs,...
Trade Alert So Gold has rebounded recently and now we are waiting for the next big move, which could tell us what to potentially expect from the precious metal. If Gold decides to move lower again and closes below the 1183 zone, this could be seen as a sign of weakness that could open the way to test the 1160 level, marked by the low of the 16th of August. If...
Trade Alert Something interesting could be building up here. If the 1.1530 level gets broken, then this could potentially confirm a break of the "neckline" and we could see the pair sliding a bit lower. If this happens, we could aim for the 1.1445 zone, which could be the first good potential support target to watch. Alternatively, a reversal back up to the...
Trade Alert The commodity started forming a falling wedge, which, theoretically, has the tendency to break to the upside. But until we get that break, we will continue observing it. If the upper bound of the wedge breaks, this could open the way towards the 68.35 or even the 71.65. Alternatively, if a break of the lower bound happens, this could lead to a test...
Trade Alert Overall, we are still bearish on the pair. As long as the downside line remains intact, we will aim for lower levels. We could see USDJPY traveling a bit higher to test the downside resistance line, where the bears could take advantage of a higher rate. Initially, we would be aiming for the 110.15 support zone, a break of which could open the path...
Trade Alert We will take the risk here and make a small call on AUDUSD. But the idea is only for today or Monday. Please see the chart for details. Don't forget your SL.
Trade Alert Something is not right here with today's sharp decline. Here is the trade idea for today. We will try to take advantage of this move lower, but with a careful SL. Please see the chart for detailed levels. Always have your SL in place.
Trade Alert Bitcoin has reversed from its lows at 5980 and now is testing its area of resistance around the 6545 level. A strong break through the 6545 level could open the path towards a test of the short-term upside support line, taken from the low of the 24th of June. If Bitcoin doesn't break that line and close above it, then the bears could take advantage of...
Trade Alert The idea is valid only if we get a break and a close above the 305 zone. This move could open the way towards higher levels like 330, 350, or even 370. The last one is the high of the 9th of August and also coincides with the downside resistance line, taken from the high of the 6th of May. Alternatively, if 305 doesn't break, then be very cautious...
Trade Alert USDCNH has now moved down from its highs of 6.95865 and also closed below the 6.91250 barrier, this way indicating, that there could be signs of weakness coming into play. For now, we will be carefully monitoring the area between the 6.91250 and 6.8692. A break through the lower side of it could set the stage for further declines, where we could test...
Trade Alert Is the pair overextended to the upside or has it got some steam left to make a push higher? As you can see, USDNOK recently broke its good resistance at 8.4195, marked by the highest point of December last year. This could be a good indication that the pair could be willing to travel higher a bit more, at least towards the 8.5665 barrier, which was...
Trade Alert Gold has been on a strong continuous move down and we can only speculate, where the potential reversal area for this might be. For now, we will aim for the 1181 level, which was the low of the 27th of January last year. We could potentially see a bit recovery from that level, but the downtrend is still strong, so if the 1181 level breaks, this could...