Trade idea. This is a quick shout-out of a possible bullish flag. If it doesn't breakout higher straight away, then we will examine a falling wedge pattern, which could breakout higher a bit later. Please see the chart for details. Don't forget your stop-loss.
Trade idea This is a quick shout-out on USDMXN. Please see the chart for details. Don't forget your stop-loss.
Trade idea The commodity is experiencing low volatility recently, but continues to slowly climb higher, while trading inside a rising channel. As long as the price continues to respect the boundaries of that channel, we will stay positive, at least in the near term. Please see the chart for details. Don't forget your stop-loss.
Trade idea The pair is now testing the lower side of the potential descending triangle formation. If it gets broken, this could lead to further declines. But, if this will end up being a falling wedge pattern, then there could be some upside in near term. Basically, for us to get comfortable with lower areas, a drop below the 100 EMA on the 4-hour chart would be...
Trade idea. This is a quick shout-out. AUDJPY seems to be willing to go for a higher high, but before we could get comfortable with that idea, we need a clear break, or ideally a daily close above 74.83 barrier. Please see the chart for levels, targets and the alternative scenario. Don't forget your stop-loss.
Trade idea. This is just a quick shout-out, before a possible pop. Please see the chart for levels and targets. Don't forget your stop-loss.
Trade idea. Currently, USDNOK is stuck in a triangle pattern, but this morning, during the Norges Bank rate release, the pair slid lower, but was quick to come back into the pattern. Given that the pair already had an amasing run higher, there might be chance for a small correction back down. But before we could get comfortable with that, we will wait for a clear...
Trade idea. We can see that GBPNZD is currently retracing lower. But it is doing that in a form of a falling wedge, which, according to TA textbooks, tends to break to the upside. That said, until wee see that break, we cannot really talk about that yet. If the rate suddenly falls below the 2.0000 mark, then we will ignore the idea of possible falling...
Trade idea. Watch the breakout through one of the highlighted areas. Until then, we will remain neutral and keep an eye on the price action. The pair had already a decent move lower, while running below a short-term downside resistance line. In order to aim further down, a drop below the 1.3065 hurdle is needed. Please see the chart for level and targets. Don't...
Trade idea. GBPEUR is stuck in a small ascending triangle pattern. Such formations tend to be bullish, but until we get our clear break through the upper side, we won't examine any further upside. Please see the chart for levels and targets. Don't forget your stop-loss.
Trade idea. AUDCHF is currently balancing slightly below its key resistance near the 0.6792 level. We need to see a clear break above it, before we could examine slightly higher areas. Also, just for additional confirmation, if the daily candle will stay above that barrier, then there is more chance for this pair drift further north. Please see the chart for the...
Trade idea. USDCAD is at its key support zone, near the 1.3130 zone. If it gets broken and we see a daily close below that area, we may consider further declines, as it would confirm a forthcoming lower low and could clear the path towards the 1.3000 zone. If it rebounds from 1.3130 and travels higher, this could confirm a wide range and the rate might continue...
Trade idea. Only if we see a daily close below 0.9900 zone. If so, this increases the chance for a further move down, possibly targeting the 0.9850 territory. For now, everything is leaning more towards the downside, but wait for a confirmation close. Please see the chart for details. Don't forget your stop-loss.
Trade idea. NZDJPY is showing signs of willingness to move further north. But before we could examine the upside, we need a daily close above the 69.00 barrier. Only then we could aim for our next target at 69.90. Please see the chart for levels, targets and the alternative scenario. Don't forget your stop-loss.
Trade idea. Given the strong rise that we saw over the past few days, there is a possibility for some correction back down. That said, because GBP is currenty so headline-driven, it might explode again, if we get some more positive news surrounding Brexit. From the technical side, you can keep an eye on the potential breakout levels (highlighted). Please see...
Trade idea. This is a short-term idea, where we will stay sharp and wait for a break of one of the highlighted areas first, before targeting a further directional move. Please see the chart for levels and targets. Don't forget your stop-loss.
Trade idea. If EURUSD fails to move below both of the lines, the medium-term downside and the short-term upside one, then there might be a chance for the bulls to step in again and drive the pair higher, towards the high of last week, or even above. If the rate starts falling below those lines, wait for a daily close. If it stays below, then there is a good...
Trade idea. After hitting the 200 EMA on the 4-hour chart, Brent oil moved back down to test its short-term upside support line. For now we will stay put and wait for a clear break through one of our highlighted areas in order to consider a further directional move. Wait for a break first. Please see the chart for levels and targets. Don't forget your stop-loss.