XAUUSD - Intraday
Broke the sequence of 5 positive daily performances.
Buying posted in Asia.
Price action has continued to range within a triangle formation.
The trend of lower highs is located at 2045.
Bespoke support is located at 2007.
Selling spikes offers good risk/reward.
We look to Sell at 2046 (stop at 2055)
Our profit targets will be 2021 and...
NZDUSD - 24h expiry
The correction lower is assessed as being complete. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6175 will confirm the bullish momentum. The measured move target is 0.6225.
We look to Buy at 0.6125 (stop at 0.6097)
Our profit targets will be 0.6195 and 0.6215
Resistance:...
GBPCHF - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Short term bias is mildly bullish.
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Further upside is expected...
The euro is in negative territory in Thursday trade. In the European session, EUR/USD is trading at 1.0940, down 0.27%.
Germany's inflation rate declined sharply in November and the eurozone is up next, with the November inflation report later today. German inflation dropped to 3.2% y/y in November, down from 3.8% in October and below expectations. This was the...
NZDJPY - 24h expiry
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 90.75 will confirm the bullish momentum.
The measured move target is 91.50.
We look to Buy at 90.50 (stop at 90.18)
Our profit targets will be 91.30 and 91.50...
The euro is showing limited movement on Wednesday. In the North American session, EUR/USD is trading at 1.0984, down 0.11%.
Gerrmany's inflation rate dropped more than expected, coming in at 3.2% y/y in November. This was down considerably from 3.8% in October and below the market consensus of 3.5%. This was the lowest inflation rate since June 2021 and was...
US500 - 24h expiry
The rally was sold and the dip bought resulting in mild net gains yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
Previous resistance located at 4610.
Dips continue to attract buyers.
Previous resistance at 4560 now becomes support.
We look to Buy at 4560 (stop at 4540)
Our profit targets will be...
NIK225 - 24h expiry
We are trading at oversold extremes.
Short term bias is mildly bullish.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Previous support located at 33100.
Further upside is expected although we prefer to buy into dips close to the 33165 level.
We look to Buy...
The New Zealand dollar posted slight gains earlier on Tuesday but has recovered. In the European session, NZD/USD is trading at 0.6101, up 0.07%.
The Reserve Bank of New Zealand meets on Wednesday and is likely to maintain the cash rate at 5.5% for a fourth straight time. The central bank's stance appears to be one of "higher for longer", which will provide...
EURCHF - 24h expiry
Previous support located at 0.9625.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
A Morning Doji Star formation has been posted at the low.
Preferred trade is to buy on dips.
Daily signals are mildly bullish.
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We look to Buy at 0.9627 (stop at 0.9607)
Our...
NZDUSD - 24h expiry
Trades at the highest level in 76 days.
We are trading at overbought extremes.
Trading within a Bearish Ascending Wedge.
A Fibonacci confluence area is located at 0.6135.
Bespoke resistance is located at 0.6135.
We look to Sell at 0.6135 (stop at 0.6167)
Our profit targets will be 0.6055 and 0.6035
Resistance: 0.6135 / 0.6143 /...
The Australian dollar has extended its gains at the start of the week. In the European session, AUD/USD is trading at 0.6603, up 0.28%. The Aussie has posted an impressive streak, rising 3.8% against the greenback since November 14th.
Australia releases retail sales for October on Tuesday. The consensus estimate stands at a negligible 0.1%, compared to a strong...
NAS100USD - 24h expiry
A Fibonacci confluence area is located at 16029.
Broken out of the wedge to the downside.
The formation has a measured move target of 15782.
Bespoke support is located at 15720.
Reverse trend line resistance comes in at 16065.
We look to Sell at 16065 (stop at 16165)
Our profit targets will be 15815 and 15755
Resistance: 16029 /...
US500 - Intraday
A Fibonacci confluence area is located at 4549.
Expect trading to remain mixed and volatile.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
The formation has a measured move target of 4507.
Bespoke support is located at 4465.
We look to Sell at 4573 (stop at 4598)
Our profit targets will be 4513 and...
The euro is almost unchanged on Friday. In the European session, EUR/USD is trading at 1.0903, down 0.03%.
German GDP posted a minor drop in the third quarter, coming in at -0.1% q/q. This was down slightly from -0.1% in the second quarter and matched the market consensus. On an annualized basis, GDP declined by 0.4%, down from a revised o.1% gain in Q2 and...
USDCHF - Intraday
Posted Mixed Daily results for the last 4 days.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
Bespoke support is located at 0.8825.
We look to buy dips.
We look to Buy at 0.8825 (stop at...
NZDJPY - 24h expiry
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend returns.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective,...
The New Zealand dollar is in positive territory on Thursday. Early in the North American session, NZD/USD is trading at 0.6042, up 0.34%.
Retail sales are a key gauge of consumer spending and the New Zealand consumer has been holding tightly to the purse strings. In the second quarter, retail sales fell 1% q/q, with most retail industries showing lower sales...
