GER40 - 24h expiry
There is no indication that the selloff is coming to an end.
Indecisive price action has resulted in sideways congestion on the intraday chart.
The lack of interest is a concern for bulls.
We look for losses to be extended today.
A break of yesterday's low would confirm bearish momentum.
We look to Sell a break of 15947 (stop at 16047)...
EURAUD - 24h expiry
The recent rally looks to have stalled.
We expect a reversal in this move.
A move through 1.6650 will confirm the bearish momentum.
The measured move target is 1.6500.
Hourly momentum has stalled and our bias is now neutral.
We look to Sell a break of 1.6650 (stop at 1.6710)
Our profit targets will be 1.6500 and 1.6475
Resistance:...
The New Zealand dollar has extended its losses on Wednesday. In the European session, NZD/USD is trading at 0.6093, down 0.91%. Earlier, NZD/USD touched a low of 0.6091, its lowest level since June 30th.
The New Zealand labour market has been tight, despite aggressive tightening by the Reserve Bank of New Zealand. Wednesday's employment report for the second...
GER40 - 24h expiry
The primary trend remains bullish.
We look to buy dips.
We are trading at oversold extremes.
50 1-day EMA is at 16050.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We look to Buy at 16051 (stop at 15951)
Our profit targets will be 16301 and 16351
Resistance: 16150 / 16250 /...
NZDJPY - 24h expiry
There is no clear indication that the upward move is coming to an end.
Further upside is expected. 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 88.25 will confirm the bullish...
The Australian dollar continues to swing wildly this week. In Tuesday's European session, AUD/USD is trading at 0.6630, down 1.30%. On Monday, AUD/USD jumped 1% higher.
There were no surprises from the Reserve Bank of Australia, which paused for a second straight month and maintained the cast rate at 4.10%. The money markets had priced in a pause but the...
USDCHF - 24h expiry
Short-term bias has turned positive.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
A lower correction is expected.
We look to buy dips.
50 4-hour EMA is at 0.8677.
We look to Buy at 0.8673 (stop at 0.8637)
Our profit targets will be 0.8763 and 0.8773
Resistance: 0.8736 / 0.8750 /...
NZDUSD - 24h expiry
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6225 will confirm the bullish momentum.
Short-term RSI has turned positive.
We look to Buy at 0.6175 (stop at 0.6145)
Our profit targets will be 0.6250 and 0.6275
Resistance:...
The Australian dollar has started the week with strong gains. In the European session, AUD/USD is trading at 0.6708, up 0.91%. The Aussie has rebounded after falling 1.25% last week.
The Reserve Bank of Australia meets on Tuesday and is expected to maintain the cash rate at 4.10%. The past two rate meetings have been close calls and that could be the case at...
GER40 - 24h expiry
Price action resulted in a new all-time high at 16503.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 16350.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a...
The euro has bounced back on Friday after sliding 0.99% a day earlier. In the European session, EUR/USD is trading at 1.1018, up 0.38%. On the economic calendar, the US PCE Price index, the Fed's preferred inflation gauge, fell to 3.0% in June, down from 3.8% in May.
The European Central Bank raised interest rates by 0.25% on Thursday, bringing the main rate to...
US100 - Intraday
Levels close to the 78.6% pullback level of 15817 found sellers.
Expect trading to remain mixed and volatile.
Bespoke support is located at 15468.
A Fibonacci confluence area is located at 16065.
Dip buying offers good risk/reward.
We look to Buy at 15468 (stop at 15368)
Our profit targets will be 15738 and 15778
Resistance: 15803 /...
GER40 - Intraday
Price action resulted in a new all-time high at 16450.
There is no indication that the rally is coming to an end.
Short term momentum is bullish.
We look for gains to be extended today.
A break of yesterdays high would confirm bullish momentum.
We look to Buy a break of 16461 (stop at 16361)
Our profit targets will be 16711 and 16781...
ASX200 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back...
USDJPY - 24h expiry
Bespoke support is located at 139.60.
A Fibonacci confluence area is located at 139.60.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
There is scope for mild selling at the open but losses should be limited.
Although the anticipated move higher is corrective, it does offer...
NZDJPY - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
A move through 87.00 will confirm the bearish momentum.
We look to Sell at 87.75 (stop at 88.15)...
The euro is showing limited movement for a second consecutive day. In Wednesday's European session, EUR/USD is trading at 1.1063, up 0.07%.
The Federal Reserve meets later today, and it's close to a certainty that the Fed will raise rates by 0.25%, which would bring the Fed Funds rate to a range of 5.25% to 5.50%. The FOMC will not be releasing any economic...
The Australian dollar is in negative territory on Wednesday. In the European session, AUD/USD is trading at 0.6758, down 0.49%. The Aussie fell as much as 0.90% earlier in the day but has recovered some of these losses.
Australian inflation declined more than expected in the second quarter, sending the Australian dollar lower as pressure has eased on the Reserve...
