Trade Alerts! Could potentially work out as buying opportunity. Aiming for 133 initially But still, be very careful, as there is always a chance for this to got the opposite way.
Trade Alert! Could potentially work out. But as always, be careful and have your stops set.
Trade Alert! Could play out as a potential flag formation. Will be confirmed if moves above 77.100 and higher. Be careful, as it can always go the opposite way.
Trade Alert! Watch out for a pop!
Trade Alert! Is seems that pair is creating a small flag on the Daily. A push above 77.100 could confirm that.
Trade Alert! Potential move higher is building up.
Trade Alert! Potential move higher is building up.
Trade Alert! Wait for the move outside of the rising wedge formation.
Trade Alert! We will take our chances and make a call on this one.
Trade Alert! We will take our chances and make a call on this one.
S&P 500 added 70 points back into its pocket yesterday and we could see that the bulls were dictating the rules throughout the whole US trading session. If this is not just a temporary move, then we could see some more strength coming in later on today or even this week. Also, looking at the bigger picture, we can see that S&P 500 is forming a triangle and we...
We saw strong Yen selling against all the major currencies yesterday. EUR/JPY moved about 210 pips to the upside and found resistance at the 200-day EMA on the 4h chart. The pair also broke the downwards moving trendline that was running from the 2nd of February, which may have turned the short-term outlook to somewhat positive. EUR/JPY received a lot of buying...
REVIEW It has been a while since USD/CAD had such a bad week, like the last one. We saw the Canadian Dollar strengthening against its neighbouring currency, which pushed the rate lower, outside of the strong upwards moving channel. The pair was trading in that channel since the 2nd of February. OUTLOOK (SCENARIO A / B) In the short run, the pair is not looking...
REVIEW Last week, Brent followed the same trajectory as WTI, which was up. Oil kept moving higher and higher, and it seems that the bulls are not willing to jump out of the driver’s seat this weak as well. The latest rally started after the price tested the medium-term uptrend line that has been supporting the price action since June, and thus, we maintain the...
Trade Alert! I might be wrong, but I will still make a call and say "SELL". Unless this pair will get back into the channel, then SELLing is off the table, for the time being. Check out our JFD Research page on our website and Trader's Espresso / Trader's Tea Time videos on Youtube. Also, sign up for our weekly Strategic Report on the JFD Research page on our...
GBP/CHF has been on a strong up move since the beginning of this month and it seems that the pair wants to continue pushing higher. Certainly, we could potentially see a bit of retracement coming in before the bulls jump in again. Until the bottom side of the channel is broken, the possibility of longer-term declines is off the table. For now, a confirmed move...