Trade Alert If the 12600 is not going to hold, then we could see some ugly stuff developing in this index today. A break below that level opens the path towards the 12450 area, so keep on monitoring this index very carefully today. It is difficult to discuss the upside, but if the index moves back above the 12830 area, then there could still be some hope for the...
Trade Alert It is starting to turn ugly for this index. We could see a continuation to the downside towards the 7610 level. A break of that level opens the pat towards the next key area of support at 7565. Alternatively, a full reversal back up to the 7690 mark, could be seen something of an interest for the bulls and they could drive the index back up again. In...
Trade Alert The S&P 500 seems to feel strong about making a move towards the March highs at around the 2800 area. If that area is not able to withhold the rate from rising, then we could see another attempt to push towards the January highs at around 2875. Certainly, a strong reversal back down and a close below the 2742 mark, could raise some concerns again...
Trade Alert The pair is at an interesting spot where on hand, we have a possible break of the upwards moving support line and move lower, and on the other, it could follow the trend up and break some key resistance levels. Check out the chart for more details. Keep an eye on the highlighted breaking points. Never forget your stops.
Trade Alert For those, who like to keep an eye on this currency pair, this could play out nicely. There are a few tentative trendlines on the chart, that could actually be good indicators for possible entries. If the first, steepest, support line does not hold, then we could see a drop down towards the next upwards moving support line and so on (please see the...
Trade Alert Judging by the current strength in the common currency, we could assume that this pair could follow the same lead. A break above the 73.05 could open the path towards the 74.05, a break of which, could place EURRUB above the upwards moving trendline. This could be seen as a bullish sign. Alternatively, if the 73.05 level holds, then the pair could end...
Trade Alert Watch the levels. Don't forget your stops.
EURSEK continues to move sideways within a determined range. We need to wait for a break through one of the sides of that range in order to jump into the action. Study the chart for a possible trade idea. Keep in mind, that there is always a chance for a false breakout as well. Don't forget your stops!
Trade Alert This is a very tricky pair, but nevertheless, it is interesting to monitor it. CADJPY is currently is getting into somewhat of a squeeze mode on a bigger picture. Watch out for the 85.20 area, a break of which could open the path towards a test of the downwards moving trendline from underneath. On the downside, keep an eye on the 84.30, a break of...
Trade Alert EURCHF is sitting below its 200 EMA, which could be seen as a bearish sign in the long-term, unless the pair get's back above it soon. Certainly, we are currently seeing that EURCHF is trying to move back up, but will it be able to in the end? For now, we could treat a break and a close above the 1.1575 as a chance for the pair to make its way towards...
Trade Alert You can probably say that the bigger the squeeze - the stronger the breakout will be. We continue to monitor this crypto closely, as it is building up nicely for a potential trade. A break through the upper side of the triangle could open the path towards the psychological $1.00 mark, a break of which, could drive this crypto towards the $1.20...
There is not much action happening in BTCUSD right now, but nevertheless, we keep on monitoring this crypto and the developments around it. BTCUSD is still holding on to its upwards moving trendline, drawn from the lows of February the 6th this year. Until it has been broken, we remain bullish on this crypto in the longer-term perspective. Always trade with an SL on.
Trade Alert The Japanese Yen continues to weaken against its major counterparts, including NZD. Observe the potential breaking points, highlighted on the chart. The pair could eventually make its way to test the downwards moving trendline from underneath. Alternatively, a move back down below 77.15 could open the path to previous lower levels. Never forget your SL.
Trade Alert We are seeing this nice move higher from the EURJPY pair, where it is currently aiming for a test from underneath of the mid-term upwards moving trendline, that's running from mid-August 2017. Let's see if it actually completes this move. Don't forget your SL.
Trade Alert EURHUF will have to decide soon on the future direction. If this continues pushing lower and we eventually see a break of the short-term upwards moving trendline, taken from the 20th of April, then we could see further declines. A break below the 318.30 level could lead to 316.40. If the aforementioned upwards moving trendline holds and the pair...
Trade Alert The index is starting to aim south. There is some potential for this one to move towards the 21 EMA first and then slightly lower to the 93.30 level. Don't forget your stops.
Trade Alert Gold is on the edge. Currently, trying to decide, if it wants to break and stay below the long-term upwards moving trendline, taken from the lows of December 2016, or will the line continue to act as a good level of support. Look at the graph for details of the potential breaking points. Don't forget your stops.
Trade Alert GBPUSD is trying right now to regain some lost grounds. A break above the 1.3390 could signal further upmoves and the pair could make its way towards the 1.3455 level. A break of that level could interest the bulls in driving GBPUSD towards the 200 EMA or slightly above that, the 1.3615 area. If this push higher was only a small correction, we would...