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Siver (XAGUSD) has tested upper range of the descending channel for the first time since September 2016. The channel has been valid for 6 month. Silver is currently trending above the dynamic barrier 17.45 and may continue uptrend targeting 17.80 and 18.20 (marked on the chart). If XAGUSD returns in the channel (we need to see a close below 17.40 for...

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Updated 

Short-term long signal for BTCUSD within range of the ascending channel from Jan.18. Stop below the lower channel band at 880; Buy order's confirmed above the signal line at 910 (marked with color); Target 960.

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Updated 

USDCAD has tested and retraced from the upper range of the descending triangle at 1.3165. Pivot point R1 1.3173 offers additional resistance for the pair. Close below the triangle's lower range would confirm USDCAD short targeting 1.3080.

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Updated 

EURUSD on daily timeframe returns to the dynamic barrier at 1.0670 that would likely send euro back higher to the 1.0820 area, 38.2% Fibo level that's confirmed with green trendline on the main chart.

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EVRH is technically open for the fresh highs as long as the stock trades above 9.80/10.00 dynamic resistance area. The upper line connects extreme highs, the lower - close values.

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USDJPY has rebounded from the 113.00 support and currently tests the upper line of descending channel at 113.70. Close above the mentioned level would indicate further strengthening of USD targeting 114.40 and 115.30.

rauan

Updated 

On daily timeframe GBPUSD has broken the upper line of descending triangle at 1.2370, above this line expect British Pound to strengthen further. As marked on the intraday chart, GBPUSD may form the bullish impulse wave. Necessary condition for the pair is remaining above the 1.2370 level that is confirmed as (i) wave top. Target for GBPUSD long in the 1.2600/20 area.

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Updated 

USDCAD has tested 1.3410 resistance level for the second time this week. It opens a short opportunity targeting 1.3200 static support area. 1-hour timeframe specifies intraday resistance level at 1.3430 where local max level meets the projection of descending trendline. Stop level set at 1.3470.

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There's no secret the oil price is a proxy to Russia economic expectations, yet oil correlation to RUBUSD (line chart, inverted to a more common USDRUB cross) is just impressive. Trading dynamics on both instruments is close to identical most time during the year.

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MICEX (ruble denominated index of TOP 50 Russian shares) and RTS (US Dollar denominated) stock indices demonstrate a clear bullish rally since the US President Election Day, marked as vertical line on the charts. The MICEX index has gained 14,2% since the election to date and 26,7% YTD; RTS performance is even more impressive with 17,7% and 50,9% rise,...

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Updated 

Expecting futher decline on FTSE 100 from the current level. Stop loss 6840 Targets 6760 - 6710 - 6660

rauan

Updated 

Entering short is possible from 6850 resistance area or after hourly close below red trendline at S2 level 6800. The following support zones for the index are 6770 and 6740 (as described in 4H chart). Once FTSE 100 falls below 6740, we'll have extra short potential down to 6660.

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Updated 

FTSE index has restored its upward move, however in short term looking for the initial test of 6830 support area before next leg up.

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FTSE 100 targets 6780 after 6860 rejection.

rauan

Updated 

Daily close below support level 6780 confirms short opportunity on FTSE 100 targeting 38.2% Fib retracement level at 6570.

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FTSE 100 is retracing from the 6780 support zone. Consider reentering short from 6860 targeting channel breakout and further decline down to 6570.

rauan

Updated 

Short entry below 6870, stop 6960, target 6700 (23.6% Fib retracement area or lower channel's range value).

rauan

Updated 

In the short term expect USDJPY breaking the triangle to the downside targeting 105.50 and 105.00. Sell entry at 106.40, stop-loss at 106.75.