Trade Alert Potential trade is building up, so here is a trade idea. It's up to you to take it, but if you do, then have your SL in place. BUY: at ~6500 TP: 7500 (if the buying momentum is there, then you can try to drive it further, but in this case move SL to 7500 to secure the profit) SL: 6000 This is just an idea. Never forget your SL !
Trade Alert Something to keep an eye on for the time being. The stock is not far from its upwards moving trendline, drawn from the 10th of November 2016, which could act as a nice bouncing ground again. If that's the case, then we could see the stock attempting the 187.10 zone again, a break of which could lead towards the 193.05 area. If the aforementioned...
Trade Alert EURAUD continues to climb higher with the help of the upside support line, taken from the 6th of June. Until that line is broken, we remain skeptical about the downside potential. A break and a close above the 1.5780 level could open the path towards the 1.5830 area. If that area is not able to withhold the rate from rising, then we could aim for...
Trade Alert. Silver has exited the triangle formation. At the moment, this looks like a bearish indication for the short-term picture, where we could see the precious metal traveling lower. Silver has tested the 16.06 mark, but yesterday it found its support slightly lower than that, at around 15.975. If the precious metal decides to move below that today, the...
Trade Alert In these times of uncertainty, we can clearly see that Gold is losing its "safe-haven" status, by continuing to slide lower. The precious metal keeps breaking key support areas and is aiming currently for a test of the long-term upwards moving trendline, taken from the lows of December 2015. The potential next area of support to watch is the 1237...
Trade Alert AUDUSD had slid quite a bit, but we will see a continuation? Currently, the pair is trading within almost a 100 pip range. Wait for the confirmation break through one of the levels highlighted. Please see the levels for details. Don't forget your stops.
Trade Alert Be prepared for a potential break of GBPJPY out of that zone, between 146.10 and 144.60. A break below the 144.60 open the path towards the 143.20, marked by the low of the 29th of May. A break through the 146.10 level could lead to a test of the 148.00 zone. Don't forget your stops.
Trade Alert EURGBP continues to drag itself higher, but currently is meeting some resistance at the 200 EMA. If the pair makes a move higher, then it will have to overcome the next key area of resistance at 0.8840. This could be a sign that the EURGBP could continue traveling towards the upper bound of the falling channel that the pair continues to trade in,...
Trade Alert GBPCHF is getting pushed into a corner by the bulls and the bears and it is unclear for now, where this will go. We will have to wait for the break and then take a careful position. For now, what we can do, is to continue monitoring the pair and prepare for a break. maybe even setting some potential orders. The only problem with those would be the...
Trade Alert The further it goes towards the apex, the bigger the break through we could get... theoretically. Certainly, judging by recent size of the daily candles, this is exactly what the scenario could be. For now, continue monitoring this pair closely, as a break through one of the highlighted areas could lead to a test of some key levels. Please see the...
Trade Alert For now, it seems that this pair could continue shifting north towards our key levels of resistance. With China, potentially, trying to solve their export issue, they could devalue their currency a bit more, in order to make their exports more attractive. This could drive USDCNY a bit higher again. Please see the chart for potential targets above the...
REVIEW After a choppy trading last week, Brent decided to close Friday with a positive candle, this way ending the week in the green. That said, the commodity is still below the short-term downside resistance line, taken from the peak of the 21st of May. But on a bigger picture, Brent oil is above its long-term upwards moving trendline, drawn from the low of the...
Trade Alert It looks like Nasdaq is on the verge of breaking the short-term upwards moving trendline, drawn from the low of the 25th of April. If we see a close below that trendline on the daily chart, then we could start aiming for the 7105 mark, a break of which, could confirm the downside scenario. We would then be targeting the 7000 zone. If the index...
Trade Alert Coffee is sitting at a quite important level, where it is currently getting held within a small range. We need to see a nice break through one of the sides in order to determine a near-term direction. A move back above the 118.00 level could open the door towards recent higher levels. Good potential areas of resistance to watch are 120.20 or even...
Trade Alert Probably a lot of traders will agree that to trade this pair, you have to be at a certain level in your trading career, because EURGBP is probably one of the most annoying ones from all pairs that out there. This sideways actions favors the range traders and scalpers, but is killing those, who want to go for a slightly bigger pip-profit. For now, we...
Trade Alert DAX continues to suffer from the sellers that are jumping into the action. The index has broken the 12600 level to the downside and now is aiming towards the next key area of support at around 12300 mark. If suddenly there is a reversal to the upside, a move back above 12600 could interest the bulls to take DAX back towards the 12785 level, which...
Trade Alert Trading has been quite difficult lately on USDJPY. Over the past week, it was slightly difficult to predict a potential direction in this pair. Judging from the current picture, we can see that after a recent drop, USDJPY got back inside the rising channel, which is a good sign of strength for the pair. If it takes out the 110.85 level, then this is...
Trade Alert The pair continues to trade below the downwards moving trendline, taken from the 27th of April. If we finally get a break, this could then open the path towards the 1.3190 or even the 1.3270 levels. If the trendline continues to hold, we will still remain cautious. We will only consider further declines if we see a break below the 1.3050 zone. We...