JFD_Research

JFD_Research Updated 

Trade idea. USDNOK has been ranging for the past few days now. The price action is maintained roughly between the 8.9900 and 8.9110 levels. We need a daily close outside of the "box" before we could examine a further directional move. Please see the chart for details. Don't forget your stop-loss.

JFD_Research Updated 

Trade idea. After an unsuccessful move lower, the index is now trying to make its way higher again. But before we could examine higher areas, we need a clear break of the 7380 barrier first. This way FTSE100 would confirm a forthcoming higher high, which might attract more buyers. Please see the chart for levels, targets and the alternative scenario. Don't...

JFD_Research Updated 

Trade idea. USDCHF continues to trade within a rising channel formation. This morning, after the SNB interest rate release, CHF strengthened and pushed the pair lower. That said, we need a clear break through on of the highlighted areas before we could target a further directional move, which could lead to a test of one of the sides of the channel. Please see...

JFD_Research Updated 

Trade idea. Here we have ourselves a descending triangle, which, according to textbooks, tends to break to the downside. But, we have seen the opposite happening many times. This is why we will wait for a clear drop below one of the highlighted areas first before we examine a further directional move. Please see the chart for levels and targets. Don't forget...

JFD_Research Updated 

Trade idea. For now stay still. The pair is stuck within a short-term range. We need a clear break through one of the sides of the range, before examining a further directional move. Please see the chart for details. Don't forget your stop-loss.

JFD_Research Updated 

Trade idea. Given that Saudi Arabia came out with the statement that they managed to get most of its oil processing back to normal, the price of oil slid yesterday. The technical picture on WTI says that the buyers are still holding onto their positions, given that the price is still balancing above the July 31st high. But if the price starts sliding further down...

JFD_Research Updated 

Trade idea. For now, this is the set-up. At the moment, given that the pair is still trading above its short-term upside line, we will stay positive. But as we can see, the rate is struggling with a resistance area between 108.26 and 108.39 levels. If this gets' broken, there might be a good chance for USDJPY to travel further north. Don't forget that tomorrow...

JFD_Research Updated 

Trade idea. Overall, the pair is still climbing higher. But fro the shorter-term perspective, we see that it is struggling to close, at least a 4hour candle, above the 1.9623 barrier. We need a clear break through that barrier before examining higher areas. Please see the chart for levels, targets and the alternative scenario. Don't forget your stop-loss.

JFD_Research Updated 

Trade idea. EURUSD broke its short-term tentative upside line yesterday and stayed below it. This morning, the pair is already showing willingness to drift further south. If the pair falls below yesterday's low, it increases its chances of drifting further south, possibly targeting the current low of September, at around 1.0924. Please see the chart for levels,...

JFD_Research Updated 

Trade idea. EURJPY is currently stuck roughly between two levels: the 118.30 and 119.17. We need a clear break through one of them in order to consider a further directional move. Please see the chart for levels and targets. Don't forget your stop-loss.

JFD_Research Updated 

Trade idea. This might take a bit of time, but might be worth it. The pair seems to be coiling up right now, so we need to wait until it will break through one of the lines, either upside or the downside, and then we will consider a further directional move. Please see the chart for levels and targets. Don't forget your stop-loss.

JFD_Research

Trade idea. For now, the pair is still below its short-term tentative downside resistance line taken from the high of August 26th. We will remain cautious today, as the ECB interest rate decision, together with Mario Draghi's press conference, may provide additional volatility for all the euro pairs. Please see the chart for potential breakout levels and...

JFD_Research Updated 

AUDCAD is currently stuck below its key resistance, at around 0.9052. We need a clear break above it, in order to consider a further move higher. Ideally, we would also like to see a daily close above that level, which might strengthen the potential upside scenario. But for now, we will stay neutral and keep an eye on the price action. Please see the chart for...

JFD_Research Updated 

Trade idea. For now we stay put, as the pair continues to balance below the 1.2380 barrier. In order to examine the upside, a break of that barrier is required. If the rate slides below the 1.2310, the pair might slide a bit more, but we will remain cautious near the 1.2233 hurdle. If it holds, GBPUSD might be forming a possible range. Please see the chart for...

JFD_Research Updated 

Trade Idea. This is a pretty much straight forward idea. Please see the chart for potential breakout levels and targets. Don't forget your stop-loss.

JFD_Research Updated 

Trade idea. For now, the upside support line held perfectly. But can it continue directing the way? Given the strong drop that we saw during the release of the Swedish interest rates, the pair is now balancing just slightly above the short-term upside line. In order to consider further declines, we need a daily close below that line. This way, the more sellers...

JFD_Research

Trade idea. This is pretty straight forward. If the downside line holds, then there is a possibility for another slide, which could bring the rate down again. Please see the chart for details. Don't forget your stop-loss.

JFD_Research

Trade idea. Given the current problematic situation in Britain's political life, the pound is feeling the heat against all of its major counterparts. Looking at GBPNZD, we can see that the pair broke below its short-term upside support line, which means that there might be a change in the short-term trend. This could be an opportunity for the bears to step in...