Trade Alert We can see that EURCHF is within a short-term rising channel. Until it has broken out of it to the downside, we will remain bullish and aim higher. If the pair breaks out of it, then we will change our short-term outlook to a more negative and start aiming for lower levels. Please see the chart for the potential levels. Don't forget your SL.
EUR/JPY continues to slowly drift higher, holding onto its short-term steep upside support line. On a bigger picture, the pair has placed itself back above the mid-term upwards moving trendline, drawn from the 18th of August last year. Everything points to a continuation towards higher levels, but one should remain cautious as the upside could be limited, due to...
We can see that EUR/USD has been stuck within a range for a few days now, between the 1.1725 and 1.1825 levels. Overall though, looking at the bigger picture, the pair continues to hold above its long-term upwards moving trendline, taken from the lows of the 3rd of January last year. The only concern here is that EUR/USD has been on a down-move from around the...
Trade Alert Looking for a potential breakout through the 0.7055 level. If this scenario happens, then we will be targeting the 200 EMA, which is around the 50% of Fibonacci retracement. Alternatively, a break below the psychological 0.7000 mark could interest the bears in driving this pair lower. See chart for potential targets. Don't forget your SL.
Trade Alert AUDJPY continues to trade within the rising channel. On a bigger picture, the pair is below the downwards moving trendline, taken from the 21st of September 2017. But we can see that AUDJPY is trying to make a move towards that trendline. We will only start considering this scenario if we see a break of the upper bound of the aforementioned channel....
Trade Alert This is something for the near-term future. Continue monitoring this one, as it could play out nicely. The pair is within a rising channel now. A break above the approx. 20.04 level, could mean a continuation in the rising channel. A break through the bottom side of the channel could lead to further declines. Don't forget your SL.
GBP/AUD is starting to show some signs of recovery by creating higher peaks and higher lows on the 4-hour chart. The pair is currently above the downwards moving trendline, taken from the highs of the 27th of April. Also, GBP/AUD has completed a 23.6% Fibonacci retracement and now is just slightly above that level. Thus, in our view, this makes the short-term...
USD/CHF has been held by a short-term downwards moving trendline since the 10th of May, but for the last couple of weeks the pair managed to flatten itself out and currently is showing us some sideways activity. The bulls continue to fight back against the bears and thus, we will remain neutral and wait for a break out through one of the key levels discussed...
Trade Alert The index is at an interesting spot. On one hand, it tested the support level of 3040 twice in the past two weeks and bounced off back up. There is some potential for SHCOMP to make a move towards the downwards moving trendline and test it from underneath. A break of that trendline could open the path towards higher levels. On the other hand, a break...
Trade Alert Currently aiming for the 22425 level. If that area doesn't hold then we could see a further continuation to the upside till we reach the 200 EMA on the daily chart. A break above that line could open the path towards the downwards moving trendline, for a test from underneath. Alternatively, a move below the 21930 could attract some bears, who could...
Trade Alert Keep monitoring the pair and especially today's close. If EURNOK stays below the bottom side of the wedge, then we could expect some further declines. A strong break of the 9.43 level could lead the pair towards the 9.38 area. If the EURNOK remains inside of the wedge at the end of the day, then watch out for a possible retracement back to the...
Yesterday, it was a good day of recovery for USD/JPY and we saw the pair closing the day in the positive zone. USD/JPY has been in an uptrend since it turned north on the 25th of March. The pair continues to hold above the mid-term upwards moving trendline, drawn exactly from the same date. Also, what we can notice is that on the shorter time-scale is that USD/JPY...
GBP/CAD has been in a downtrend since the pair turned south on the 19th of March. Even though it managed to regain some lost grounds in the end of May, still the recovery was not enough to convince the bulls that it is time to jump in. The pair is currently testing from underneath the mid-term downwards moving trendline, taken from the high of 26th of March. Until...
Trade Alert Prepare to position yourself to capture a move in USDJPY. We need to see a break and a close above or below the highlighted areas. A break above the 110.25 could interest the bulls in driving this pair towards higher levels. This could open the path towards 111.40, a break of which, could take USDJPY towards the long-awaited 112.00 mark. On the...
Trade Alert All eyes are on the breakout levels. Keep monitoring this pair carefully and we might get a nice trade out of it. On the upside, we need to see a break and a close above the downside resistance line, in order to consider a move higher. A break of the 4.55 level opens the path to 4.68 or even the 4.81 areas. On the other hand, if the downside...
REVIEW Brent oil finished off last week in an indecisive territory. The bulls and the bears could not decide on who will dictate the future direction of Brent this week. Overall, looking at the bigger picture, the commodity is above its long-term upwards moving trendline, drawn from the lows of 21st of June last year. But the shorter-term price action is showing...
REVIEW Looking at the bigger picture, Silver continues to trade within a symmetrical triangle, and slowly continues to move towards the apex of that triangle. We can also notice that silver trades slightly above its 200 EMA. The line seems to act as a good magnet if the white metal gets too far from it. Last week, silver finally managed to break to the upside the...
Trade Alert Something nice is building up in this pair. it looks like GBPAUD is ready for a pop to one of the sides. Continue monitoring this pair carefully as there is a possibility to squeeze a good trade out of it. Examine the chart for potential targets. Don't forget your SL.