CHN50 - 24h expiry
A break of the recent high at 13506 should result in a further move higher.
A Morning Doji Star formation has been posted at the low.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
We look for gains to be extended today.
Buying continued from the 78.6% pullback level of 13375....
EURAUD - 24h expiry
The primary trend remains bullish.
We look for a temporary move lower.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 1.7515.
We look to Buy at 1.7515 (stop at 1.7480)
Our profit targets will be 1.7655 and 1.7680
Resistance: 1.7640 / 1.7680 /...
NZDUSD - 24h expiry
Price action looks to be forming a bottom.
The primary trend remains bullish.
This is positive for sentiment and the uptrend has potential to return.
We look for a temporary move lower.
Further upside is expected although we prefer to buy into dips close to the 0.5975 level.
We look to Buy at 0.5975 (stop at 0.5940)
Our profit targets...
NZDJPY - 24h expiry
Trading has been mixed and volatile. Price action looks to be forming a top. We look for a temporary move higher. Preferred trade is to sell into rallies. Bespoke resistance is located at 86.50.
We look to Sell at 86.50 (stop at 86.75)
Our profit targets will be 85.50 and 85.25
Resistance: 86.30 / 86.70 / 87.00
Support: 85.50 / 85.20 /...
The yen is higher on Friday. Iin the European session, USD/JPY is trading at 143.63, down 0.37% on the day.
Tokyo core CPI climbed to 3.6% y/y in May, up from 3.4% in April and above the market estimate of 3.5%. This marked the highest level since Jan. 2025. Tokyo core inflation is viewed as the leading indicator of nationwide inflation trends and is closely...
HS50 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
A move through 23600 will confirm the bullish momentum.
Risk/Reward would be poor to call a buy from current levels.
The measured move target...
The New Zealand dollar declined as much as 0.67% earlier but has recovered. In the European session, NZDS/USD is trading at 0.5969, up 0.04% on the day.
A day after the Reserve Bank of New Zealand lowered interest rates, Governor Christian Hawkesby testified before a parliamentary committee on Thursday. Hawkesby said the central bank could hold rates in July and...
NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
The correction lower is assessed as being complete.
A move through 0.5960 will confirm the bullish momentum.
The measured move target is 0.6000.
Pivot resistance is at 0.6000.
We look to Buy at 0.5940 (stop at 0.5915)
Our profit targets will be 0.5990 and 0.6000...
The Australian dollar has extended its losses on Wednesday. AUD/USD is trading at 0.6415 in the North American session, down 0.44% on the day.
Australia's inflation rate remained unchanged in April at 2.4% y/y for a third straight month, matching the lowest rate since Nov. 2024. The reading was slightly higher than the market estimate of 2.3% but remained within...
CHN50 - 24h expiry
Buying continued from the 78.6% pullback level of 13375.
Offers ample risk/reward to buy at the market.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Daily signals are mildly bullish....
The New Zealand dollar is sharply lower on Tuesday. In the North American session, NZD/USD is trading at 0.5950, down 0.83% on the day. A day earlier, the New Zealand dollar touched a high of 0.6031, its highest level since Oct. 2024.
The Reserve Bank of New Zealand is widely expected to lower rates by a quarter-point to 3.25% on Wednesday. With little doubt...
ASX200 - 24h expiry
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Buying continued from the 78.6% pullback level of 8321.
We look to buy dips.
50 4hour EMA is at 8331.
We look to Buy at 8330 (stop at 8275)
Our profit targets will be 8495...
The British pound has posted gains on Friday. In the European session, GBP/USD is trading at 1.3484, up 0.49% on the day. The pound has gained 1.5% this week and is trading at levels not seen since Feb. 2022.
The markets were expecting a banner reading from April retail sales but the actual numbers crushed the forecast. Annual retail sales surged 5%, up from a...
NZDJPY - 24h expiry
The medium term bias remains bearish.
Short term RSI is moving higher.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 85.25.
We look to Sell at 85.25 (stop at 85.55)
Our profit targets will be 84.20 and 84.00
Resistance: 85.25 / 85.70 / 86.10
Support: 84.60 / 84.20 /...
It has been a good week for the British pound, which has gained 1% against the dollar and climbed to levels not seen since Feb. 2022. The pound has rallied for three straight days but is almost unchanged on Thursday, trading at 1.3425 in the North American session.
The UK economy has been struggling but don't blame consumers for not spending. Retail sales for...
EURAUD - 24H expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the daily chart.
Preferred trade is to buy on dips.
Price action looks to be forming a bottom.
Bespoke support is located at 1.7500.
We look to Buy at 1.7500 (stop at 1.7450)
Our profit targets will be 1.7700 and 1.7730
Resistance: 1.7630 / 1.7680 /...
The British pound posted gains earlier but has failed to consolidate. In the European session, GBP/USD is trading at 1.3395, up 0.03% on the day. The pound has gained 1.1% this week and earlier today rose as high as 1.3468, its highest level since Feb. 2022.
UK inflation jumped to 3.5% y/y in April, up sharply from 2.6% in March and above the market estimate of...
NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot resistance is at 0.5925.
A move through 0.5875 will confirm the bearish momentum.
The measured move target is 0.5750.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 0.5925 (stop at 0.5975)
Our profit targets will be...
