FRA40 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Dips continue to attract buyers.
Risk/Reward would be poor to call a buy from current levels.
A move through 7300 will confirm the bullish momentum.
The measured move target is 7350.
We look to Buy at 7240 (stop at 7196)
Our profit targets will be 7350 and 7375...
EURAUD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 1.6600.
Price action looks to be forming a bottom.
We expect a reversal in this move.
A move through 1.6650 will confirm the bullish momentum.
The measured move target is 1.6700.
We look to Buy at 1.6600 (stop at 1.6560)
Our profit targets...
The euro is in negative territory on Wednesday. In the North American session, EUR/USD is trading at 1.0864, down 0.42%.
The ECB released its semi-annual financial stability review earlier today and warned of stress in financial stability in the eurozone. The report found that tighter financial conditions were making it difficult for households, businesses and...
DE30EUR - 24h expiry
Posted Mixed Daily results for the last 2 days.
Overnight losses have been limited.
We are trading at overbought extremes.
There is no clear indication that the upward move is coming to an end.
15956 has been pivotal.
A break of the recent high at 15956 should result in a further move higher.
The bias is to break to the upside.
We...
NZDUSD - 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.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6075 will confirm the bullish momentum.
The measured move...
The British pound continues to rally on Tuesday after recording back-to-back winning days. In the North American session, GBP/USD is trading at 1.2544, up 0.33%. Earlier, the pound touched a high of 1.2559, its highest level since September 6th.
Bank of England Governor Bailey testified before the Parliament's Treasury Committee earlier today. Bailey had a clear...
UK100 - 24h expiry
The correction lower is assessed as being complete.
The rally was sold into but, the dip lower has stalled.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7500 will confirm the bullish momentum.
We look to Buy at 7475 (stop at 7440)
Our profit targets will be 7575 and 7600...
NZDJPY - 24h expiry
The correction lower is assessed as being complete.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
Momentum is flat, highlighting the lack of clear direction.
A move through 89.50 will confirm the bullish momentum.
We look to Buy at 89.00 (stop at 88.60)
Our profit targets will be 90.00 and...
The Australian dollar is in positive territory on Monday. In the European session, AUD/USD is trading at 0.6553, up 0.59%. The Aussie is flexing its muscles, gaining some 3% in the past week.
The Reserve Bank of Australia releases the minutes of the meeting earlier this month on Tuesday. There wasn't much of a surprise as the RBA raised rates by a quarter-point...
AUDJPY - 24h expiry
The correction lower is assessed as being complete.
Further upside is expected.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 97.75 will confirm the bullish momentum.
We look to Buy...
DE30EUR - intraday
There is no clear indication that the upward move is coming to an end.
A Doji style candle has been posted from the high.
A lower correction is expected.
Preferred trade is to buy on dips.
20 4hour EMA is at 15694.
We look to Buy at 15705 (stop at 15605)
Our profit targets will be 15955 and 16005
Resistance: 15869 / 15900 /...
The British pound is trading lower on Friday. In the European session, GBP/USD is trading at 1.2381, down 0.27%.
The pound has shown sharp swings this week, notably a 1.78% jump on Tuesday after US inflation was weaker than expected, sending the US dollar sharply lower against the majors. The pound is up 1.28% this week.
UK retail sales were expected to bounce...
NIK225 - 24h expiry
Price action has continued to trend strongly higher and has stalled at the previous resistance near 33648.
A Doji style candle has been posted from the high.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We look to sell rallies.
Although the anticipated move...
The British pound has extended its losses on Thursday. In the European session, GBP/USD is trading at 1.2401, down 0.11%.
The pound is having a roller-coaster week. GBP/USD surged 1.8% on Tuesday following the soft US inflation print and climbed to a two-month high. However, the pound has since coughed up about half those gains and is trading at the 1.24 line....
USDCHF - 24h expiry
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Posted a Double Bottom formation.
Price action has posted a Doji candle and confirms a possible stall in the recent move.
Price action looks to be...
CN50USD - 24h expiry
Buying pressure from 11908 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Short term bias is mildly bullish.
The trend of higher lows is located at 11908.
Preferred trade is to buy on dips.
We look to Buy at 12035 (stop at 11985)
Our profit targets will be 12155 and 12195
Resistance: 12245 /...
EURJPY - 24h expiry
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
We prefer to consider the medium term trend and expect buying interest to support as prices move lower.
Further upside is expected although we prefer to buy into dips...
The Australian dollar is unchanged on Wednesday, after massive gains a day earlier. In the European session, AUD/USD is trading at 0.6505.
Australian wage growth climbed 1.3% q/q in the third quarter, matching the consensus estimate and above an upwardly revised 0.9% gain in Q2. This was the highest gain since records started in 1997, but the spike was largely...
