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Bitcoin got hit by the news
Bitcoin got hit by the news
Trade idea SELL 10,450; TP 9,900; SL 10,630 Bitcoin has confirmed a top, closed below the 50-day MA at 10,921 yesterday and fell through all the key MAs on H4. The price is now urged back to the support line and 38.2% Fibo retracement at 9,780. The US Securities and Exchange Commission (SEC) delaye...
48
EUR/NZD is in a triangle
EUR/NZD is in a triangle
Trade ideas SELL 1.7240; TP1 1.7170; TP2 1.7050; TP 1.7260 BUY 1.7455; TP 1.7550; SL 1.7435 EUR/NZD met resistance in the 1.7570 area, at the line connecting the 2019 highs. The pair failed to close near this level last week and went down to consolidate around 1.7325. On H4, we can see that the cons...
53
USD/CHF is testing lows
USD/CHF is testing lows
Trade idea SELL 0.9675; TP1 0.9650; TP2 0.9600; SL 0.9690 USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695. The weekly pivot is at 0.9752 and it implies that bears are in control of the market. The 100-day MA is about to cross the 200-day MA to the downs...
28
EUR/USD gets ready for a breakout
EUR/USD gets ready for a breakout
Trade ideas  SELL 1.1155; TP 1.11; SL 1.1170 BUY 1.1255; TP1 1.1295; TP2 1.1340; SL 1.1235 EUR/USD is consolidating in a sideways horizontal range with a slight bearish bias. Consolidations like this are always followed by breakouts. It’s necessary though to put the entry levels at a reasonable dist...
19
BTC/USD: levels for trading
BTC/USD: levels for trading
Trade ideas SELL 11,250; TP 10,930; SL 11,350 BUY 11,650; TP1 11,900; TP2 12,200; SL 11,590  Last week BTC/USD failed to close at the weekly high in the 12,295 area and ended up near 11,416. On H4, the Bitcoin is capped by the 50-period MA at 11,575. As long as the price remains under that resistanc...
10
EUR/AUD tries to form a top
EUR/AUD tries to form a top
Trade ideas SELL 1.6475; TP 1.6420; SL 1.6490 SELL 1.6375; TP 1.6255; SL 1.6400 Last week EUR/AUD tested the highest levels since 2009 at 1.6780, but failed to hold there and closed at 1.65 forming a candlestick with a long upper shadow on W1. The pair may form a “Head and Shoulders” and travel sign...
12
XAU/USD: is more upside possible?
XAU/USD: is more upside possible?
Trade ideas SELL 1,499; TP1 1,493; TP2 1,481; SL 1,503 BUY 1,513, TP 1.520; SL 1,509 XAU/USD remains in an uptrend. This week it rose above the key psychological level of 1,500. In the longer term, a break above 50% of the 2011-2015 decline at 1,481 has opened the way up to 1,585 (61.8% Fibo).  Ther...
16
GBP/AUD has potential
GBP/AUD has potential
Trade idea SELL 1.7780; TP 1.7680; SL 1.7830 GBP/AUD is having a bumpy ride. The pair has been trading in a downtrend since May. This week the pair violated the resistance line of the channel and spiked towards 1.8200. However, the price failed to stay there and formed a pin bar candlestick. Togethe...
28
USD/CAD is facing resistance
USD/CAD is facing resistance
Trade idea SELL 1.3270; TP 1.3247; TP2 1.3225; SL 1.3285 USD/CAD spiked towards the resistance in the 1.3350 area (the 61.8% Fibo retracement of the May-July advance) but failed to close above the 100-day MA at 1.3305. The pair’s at the upper border of the uptrend channel and can experience some cor...
35
EUR/USD: levels to trade
EUR/USD: levels to trade
Trade ideas SELL 1.1165; TP 1.1137; SL 1.1180 BUY 1.1255; TP 1.1295; SL 1.1240 On Tuesday, EUR/USD formed a candlestick with a small body and long upper and lower wicks - this is a sign of the market’s uncertainty. The candlestick appeared at the neckline of the “Head and Shoulders” pattern and with...
16
CHF/JPY failed to recover
CHF/JPY failed to recover
Trade idea SELL 108.57; TP 108.05; SL 108.85 CHF/JPY has recently broken below the support line from May lows. On Tuesday, the pair tried to revisit higher levels but ultimately closed near the day’s low forming a candlestick with a long upper wick on D1. This means that sellers seized control and m...
12
EUR/CHF gets some help
EUR/CHF gets some help
Trade idea BUY 1.0920; TP 1.0960; SL 1.0905 It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF. The main currency pair which is monitored by the central bank is EUR/CHF. Yesterday, the pair formed a hammer-like candlestick on D1 - a sig...
13
Apple’s stock is at risk
Apple’s stock is at risk
Trade idea SELL 203.80; TP1 200.00; TP2 197.50; TP3 191.50; SL 205.00 The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line. This is a big bearish technical development. In addition, bear in mind that Apple is extremely vul...
13
USD/CHF is capable of more
USD/CHF is capable of more
Trade idea  SELL 0.9750; TP 0.9715; SL 0.9770  With the recent decline of the USD versus safe haven (the JPY, the CHF, and gold), USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet. Levels to watch on the downside include 0.9715 (January low) and 0.96 (support lin...
14
Brent is under pressure
Brent is under pressure
Trade ideas SELL 60.80; TP 60.00; SL 61.00 BUY 61.90; TP 62.80; SL 61.70 Brent oil closed last week below the 100-week MA at 61.86 for the first time since 2018. On D1, the price formed a candlestick with a long upper wick - a sign that bulls didn’t manage to make it close at the day’s high.  There ...
15
EUR/USD: a “hammer”
EUR/USD: a “hammer”
Trade idea BUY 1.1130; TP 1.1180; SL 1.1120 EUR/USD formed a “hammer” candlestick on W1. Despite the fact that it fell as low as to 1.1025, it still managed to close the week above 1.11. As a result, a minor retracement to the upside is possible. A rise above 1.1127 would open the way up to the resi...
9
Facebook’s price turned down
Facebook’s price turned down
Trade idea SELL 192.70; TP 188.45; SL 194.20 Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart. On W1, there’s also a bearish reversal combination: an “inside bar” plus the so-called “fakey” (a failed attempt to break higher). On D1, we can see that the stock made 3...
37
CAD/JPY: there are lower levels
CAD/JPY: there are lower levels
Trade idea SELL 80.80; TP 80.00; S: 81.00 Japanese yen has broadly strengthened as the demand for it as a safe haven increased. CAD/JPY fell and it looks like it has the potential for further declines: the pair isn’t oversold yet and didn’t reach any major support. Fibonacci tool locates a minor sup...
5
EUR/GBP ahead of the BoE meeting
EUR/GBP ahead of the BoE meeting
Trade ideas SELL 0.9085; TP 0.9050; SL 0.9100 BUY 0.9130; TP 0.9175; SL 0.9115 EUR/GBP has so far been one of the most volatile currency pairs. It rose to 2-year highs and the ascent was fast. Daily oscillators show bearish divergence and indeed a correction took place yesterday: a bearish “engulfin...
35
USD/ZAR turned up
USD/ZAR turned up
Trade idea BUY 14.50; TP 14.65; SL 14.45 USD/ZAR rebounded from the 200-day MA at 14.18, went up through the 100- and 50-day MAs and formed an “inverted Head and Shoulders” pattern. The bullish pattern will remain in place as long as the pair’s above the neckline at 14.35. The cue to buy will come o...
20
EUR/USD broke lower
EUR/USD broke lower
Trade idea SELL 1.1030; TP 1.1000; SL 1.1040 EUR/USD has dived below support at 1.1100 and 1.1050 resuming the longer-term downtrend. The longer-term target seems to be at 1.0820 (78.6% Fibo of the 2016-2018 advance) after the pair settled below the 61.8% Fibo retracement at 1.1185. As for the near-...
10
USD/JPY: levels to trade on the Fed’s meeting
USD/JPY: levels to trade on the Fed’s meeting
Trade ideas SELL 108.30; TP 107.85; SL 108.45 BUY 109.10; TP 109.60; SL 108.90  USD/JPY consolidated between 108.40 and 108.95 ahead of the Federal Reserve’s meeting later today. The market has been waiting for this event for a long time and it should pave the future of the currency pair. The short-...
12
NZD/JPY turned down
NZD/JPY turned down
Trade idea SELL 71.90; TP1 71.75; TP2 71.40; TP3 70.90; SL 72.20  NZD/USD has turned down on July 22 and retraced more than 38.2% of the June-July advance. A “bearish engulfing” pattern was formed on W1. This likely means that the overall downtrend has resumed. The pair has support at 71.75 (50% Fib...
2
AUD/CAD is going for a butterfly
AUD/CAD is going for a butterfly
Trade ideas SELL 0.9060; TP 0.9000; SL 0.9080 BUY 0.8980; TP 0.9200; SL 0.8950 If we look at the weekly chart of AUD/CAD, it looks like the pair is forming a bullish “butterfly” harmonic pattern. In line with this pattern, it can move down to 0.8975 (50% Fibonacci retracement of the 2008-2012 advanc...
11
EUR/AUD remained in an uptrend
EUR/AUD remained in an uptrend
Trade idea BUY 1.6155; TP 1.6250; SL 1.6130 EUR/AUD formed a “bullish engulfing pattern” on W1. Notice that this happened at the support line from the 2017 lows. This means that the uptrend is still in place and the pair has a decent chance to go for higher levels, at least May highs in the 1.6250 a...
18
USD/CHF: look for buy trades
USD/CHF: look for buy trades
Trade ideas BUY 0.9950; TP1 0.9980; TP2 1.0015; SL 0.9935 BUY 0.9860; TP1 0.9910; TP2 0.9980; SL 0.9840 USD/CHF shot up last week from the 200- and 100-week MAs in the 0.9840/50 area and reached the 0.9940 zone where it met some resistance. The pair formed a higher low and broke above resistance lin...
9
AUD/USD: more downside?
AUD/USD: more downside?
Trade idea SELL 0.6950; TP 0.6905; SL 0.6970 AUD/USD has been declining since July 19. The most recent development was that it closed below the 50-day MA at 0.6958 and the line connecting June and July lows. This leads us to believe that the Aussie is capable of further downside. The price action ma...
14
Apple ran into resistance
Apple ran into resistance
Trade idea SELL 207.00; TP1 205.00; TP2 202.50; SL 206.00 The stock of Apple met the resistance of the line connecting 2018 and 2019 highs. The price didn’t manage to move beyond 209.00 and formed a small “bearish engulfing” pattern on D1. In addition, Awesome Oscillator shows bearish divergence. Th...
33
USD/SGD: a harmonic pattern
USD/SGD: a harmonic pattern
Trade idea SELL 1.3700; TP1 1.3645; TP2 1.3620; SL 1.3720 The chart of USD/SGD offers a look at what seems like a harmonic “Bat” pattern. The pair is currently forming point D. It should be located somewhere around 1.3705 (88.6% Fibo of AB). In addition, there’s a 200-week MA in this area. This mean...
18
EUR/GBP lost pace
EUR/GBP lost pace
Trade ideas SELL 0.8900; TP 0.8840; SL 0.8920 SELL 0.8950; TP 0.8870; SL 0.8970 EUR/GBP fell despite the fact that the British pound got weakened by the news that Boris Johnson on Tuesday won the contest to be the next British prime minister increasing the odds of a no-deal Brexit. It happened as th...
5
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