Trade Alert Gold is close to a key are of support at 1261, marked by the low of October 2017. If this area does not hold, then the slide could potentially continue towards the 1237, which was the lowest point in December 2017. Alternatively, a move back to and eventually a close above the 1270 could lead to a test of the mid-term upwards moving trendline, drawn...
Trade Alert Silver is on the verge of breaking the lower side of the triangle. If it does happen, then keep an eye on the next potential area of support at 16.06, marked by the lows of the 1st of May. A break below that level could open the doors towards the 15.625 area, which was around the lowest point in December last year. Alternatively, if the lower side of...
Trade Alert Keep a close eye on the possible breakouts through the highlighted levels. A break above 1.7550 could open the doors for the next key area of resistance at 1.7715. A move below the 1.7430 level could be seen as a sign of weakness the the pair could drop to 1.7315 initially and the potentially lower. Certainly, for now, the momentum is more to the...
Trade Alert Something for you to keep on monitoring. The index is at the crossroads of the short-term upwards moving trendline and the horizontal support line at around 2742 area. If this holds, then we could see a nice bounce, where we could aim for the 2790 or even 2800 levels again. A break above those could lead S&P 500 towards its all-time highs at around...
Trade Alert We could see a continuation to the downside, but only if it breaks the 82.55 level. We could then start targeting the 81.65 area that could act as a good level of support. Alternatively, a break above the 83.00 mark, could send the pair back up to test the 83.90 zone and the upwards moving trendline, which it broke through recently. Don't forget to...
Trade Alert The RTSI is also among those, which got hit by the global equity slide. Now, it seems that the index had found its floor. Or is it just a temporary pit stop before it continues its traveling to the downside? Certainly, for now, continue observing the key level of support at around 1082, where the rate is right now. A break below that level could...
Trade Alert All indices are getting hit today. DAX is no exception. We need to see a break below 12600 in order to consider a potential drop to 12450 level. Contintue monitoring it closely. A reversal back to 12785 and eventually a break of it could not only fill today's gap, but also interest the bulls in driving DAX a bit higher again. We strongly recommend...
Trade Alert EURUSD is trying to make another run for towards the long-term upwards moving trendline again. If this time we see a good break below, this could trigger further selling, so the bulls should be very cautious here. A break below the trendline could lead to a test of 1.1510, marked by the lows of May. The next stop could be the 1.1450...
Trade Alert The pair is still above the mid-term trendline, drawn from the 19th of March this year. But will it continue to hold? A break below that trendline opens the path to the 83.00 mark, a break of which, could sen CADJPY much lower. The next potential area of support could be the 81.65 zone. Alternatively, if the aforementioned trendline holds, then a move...
Trade Alert Something interesting could potentially build up here. If we get a break below the short-term upside support line, then we could start aiming for the 1.1505 level initially and if that doesn't hold, then 1.1430 could be the target for support. Alternatively, a break through the 1.1590 area could open the way towards the important 1.1660 zone for...
Even though we saw some recovery on Friday, still the pair looks weakened and we could eventually see a continuation to the downside, towards the lower bound of the Bollinger Band. A break and a close below the 127.75 could open the doors to the 126.30 level initially. If the selling continues, then the pair make its way to May lows at 124.60. Certainly, before...
Trade Alert The pair continues to trade within the rising channel, but currently we are seeing a bit of weakness kicking in. If the weakness prevails, then we could see the pair moving a bit lower and testing the lower bound of the rising channel, and 20.500. We will become bullish only if we see a break above the 20.965 level. Don't forget your stops.
Trade Alert Watch the 0.7450 mark. A break below could open the path towards some lower levels, like 0.7415, which was the lowest point in May. Certainly, we could get a scenario, where the pair makes a move back up, tests the short-term upwards moving support line and then falls back down. Scrap the whole idea if the rate get's back above the aforementioned...
Trade Alert GBPCHF has broken the downwards moving trendline and now is aiming for a bit of retracement to the upside. Aiming for the 1.3360 level initially. Please see the chart for levels. Don't forget your stops.
Looking at the bigger picture, AUD/JPY continues to trade within a rising channel since around the 22nd of March. But yesterday’s trading was dictated by the bears, who drove the pair lower, towards the middle of that channel. From the short-term perspective, we could see a continuation to the downside, targeting the lower bound of the channel. For now, we will...
EUR/USD collapsed yesterday and managed to lose around 215 pips from the opening till the close of the day. Looking at the daily chart, we can see that the pair is now testing the long-term upwards moving trendline, taken from the low of 3rd of January last year. Certainly, for now, EUR/USD is trading above that trendline, but with all this Euro-selling, will the...
Trade Alert It looks like the Yuan is trying to fight back and recover some of its losses recently. USDCNY is currently below the 21 EMA, which could be interpreted as a bearish signal for the pair. A break below the 6.383 level could open the path towards the next key area of support at 6.355. Below that, we have another good area of support at 6.325. On the...
Trade ALert AUDNZD managed to get back inside the downside channel. Certainly, we have to wait for today's close and see where the pair wants to end the day. If AUDNZD stays inside the channel, then we could start aiming for lower levels, like 1.0660 or even 1.0610. On the upside, a move back above the 1.0760, then this could be a sign for the bulls to start...