Trade Alert EURSEK is at an interesting area, where we will await for it to break out of, before we take a position. Judging by the recent move higher, there is a chance that we could see this pair continuing to move north towards the end-of-June levels. The potential target could be around 10.4745 area, marked by the strong resistance seen on the 2nd of...
Trade Alert FTSE 100 is trying to make a run for and break the 7710 resistance zone, in order to have an attempt to make its way higher. But before we can start examining the upside potential, first, we need to see a clear break and a close on a 4-hour chart above that resistance level. Further acceleration could bring the rate towards the 7795 area, which acted...
Trade Alert We are currently seeing some sideways action within something that could be seen as a range between 71.60 and 74.30. The pair might stick around in that range for a bit, until it decides to break one of the sides. Recently, ideally, we should wait for a break of one of the highlighted sides, in order to take a position, but because EURRUB continues...
Trade Alert. After yesterday's slide, Brent oil got closer to it upwards moving trendline, drawn from the low of the 21st of June last year. Until the trendline remains intact, we will see every drop as a potential buying opportunity and aim for recent highs. That said, if the break of the trendline happens and we get a close of the day candle below it, then we...
Trade Alert Something to keep and eye on. The pair continues to travel higher and this upmove is supported by the short-term upwards moving trendline. Until it remains intact, we will stick to the upside and class any pullback as a small correction, which could lead to further moves higher. But be careful around the long-term upwards moving trendline, taken from...
Trade Alert Watch this commodity closely, as the range could get broken soon. Before we take a position, we need to see a break first through one of the sides. Overall, WTI is still above the upwards moving trendline, taken from the low of 31st of August last year. Until it remains intact, the outlook is more to the positive side. That said, because WTI was held...
Trade Alert The pair managed to get back into the tight range between 1.3125 and 1.3160. We will wait for the break through one of the sides, before we could take a position. For now, we will continue monitoring the range and the potential break out areas. A potential trade scenario could be this: BUY Entry at 1.3161 First TP at around 1.3225 Second TP could be...
Trade Alert The pair is still within a range, but it doesn't mean that we cannot try and take a position. The range is wide enough and we could squeeze something out of it. Because there is still a chance for the pair to make its way towards the lower side of the range, we could potentially take a trade like this: SELL at around 1.7810 TP at around 1.7735 SL...
Trade Alert Getting closer to a potential good move on break out. The pair is currently below the upwards moving trendline, running from the 30th of May, but is slightly above the short-term upside support line, taken from the low of the 4th of July. Please see the chart for potential levels. Don't forget your SL.
Trade Alert This could playout nicely if the pair decides to break through the highlighted areas and continues moving in that direction. Please examine the levels and potential targets on the chart. Don't forget your SL.
Trade Alert The pair is currently trading nicely within a tight range between 1.3160 and 1.3125, waiting for that pop through either of side. Probably, could continue this sideways activity until the Canadian numbers come out today. A break below the 1.3125 could lead to further declines towards the 1.3050 zone. Just to point out the importance of 1.3125 level...
Trade Alert Even though the pair has already made a strong move lower from its peak at around 330.70, we can still try and catch that move towards the upwards moving trendline, drawn from the low of the 20th of April. Probably a good idea could be to try and wait for a small retracement back to the 21 EMA and then try to enter SHORT position, with a convenient...
Trade Alert So the steep upside support line is broken and we could potentially see a small drop to the downside, especially if we see a break below the 13.604 mark, which could open the door for a test of the 13.407. Alternatively, for us to take the bullish side, we would need to see a break of the recent high area at around 13.920 in order to consider a...
Trade Alert This is a possible trade idea for today or tomorrow. If the strong resistance area at 0.6785 starts to break, then we could see a continuation to the upside, where the rate could aim for the 0.6835 area or even the 0.6850 zone. If NZDUSD reverses back down and start breaking the 0.67475, the pair could be hit with some more selling and the rate...
Trade Alert The further it goes, the more squeezed it gets. On this one, wait for a break and then react, as both sides have almost equal probabilities to have a breakthrough. This pair is good to keep an eye on if you're looking for a breakout trade. This is a good potential trade building up, but do not forget your SL.
Trade Alert Certainly, nothing is fur sure and especially, when you have an index that is starting to range between the 12450 and 12150. This is where DAX might get stuck for a while. But that doesn't mean that we could not try and squeeze something out of it. This is a potential trade scenario for today, so please see the chart for details. Never forget your SL.
Trade Alert Something for you to keep monitoring in the near future. We area waiting for a break through one of the trendlines. The move could establish a near-term direction, which we could try and ride. For now, we are in standby mode and waiting for EURJPY to make a run towards one of the trendlines for a potential break. Don't forget your SL.
Trade Alert This is a potential short-term trade idea for GBP/USD. Please examine the levels on the chart. Looking at the 4-hour chart, the pair started creating higher lows, so if this continues the same way, then there is a likelihood that GBP/USD could continue pushing higher. That is only if we see a break of the 1.3215. Don't forget to have your SL in place.