AU200AUD - 24h expiry
Risk/reward is ample to call a sell trade.
Offers ample risk/reward to sell at the market.
Daily signals are bearish.
We are trading at oversold extremes.
20 1day EMA is at 7976.
We look to Sell at 7975 (stop at 8031)
Our profit targets will be 7815 and 7765
Resistance: 7981 / 8003 / 8028
Support: 7894 / 7860 / 7807
Risk...
The Japanese yen has gained ground on Tuesday. In the North American session, USD/JPY is trading at 149.27, down 0.47% on the day.
The yen was red-hot in the fourth quarter of 2024, gaining a massive 9.5% against the US dollar, but has reversed directions in Q1, declining 4.7%.
The Manufacturing Tankan index indicated that confidence among manufacturers eased to...
EURAUD - 24h expiry
Trading has been mixed and volatile.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Bespoke resistance is located at 1.7360.
We look to Sell at 1.7360 (stop at 1.7420)
Our profit targets will be 1.7120 and 1.7080
Resistance: 1.7360 / 1.7420 / 1.7470
Support:...
EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action looks to be forming a top.
Preferred trade is to sell into rallies.
A lower correction is expected.
Bespoke resistance is located at 162.35.
We look to Sell at 162.35 (stop at 162.75)
Our profit targets will be 160.75 and...
US500 - Intraday
Closed the day little net changed.
An overnight negative theme in Equities has led to a lower open this morning.
Immediate signals are hard to interpret.
Bespoke resistance is located at 5853.
Bespoke support is located at 5536.
Dips continue to attract buyers.
We look to Buy at 5609 (stop at 5572)
Our profit targets will be 5719 and 5853...
NIK225 - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
Short term bias is mildly bullish. Preferred trade is to buy on dips.
Weekly pivot is at 37485.
We look to Buy at 37485 (stop at 37131)
Our profit targets will be 38496 and 40675
Resistance: 38275 / 40675 / 42155
Support: 36790 / 35590 /...
JP225USD -24h expiry
Price action looks to be forming a top.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
The hourly chart technicals suggests further upside before the downtrend returns.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 38270 (stop at 38679)...
UK inflation for February rose 2.8% y/y, below the market esti mate of 2.9%. This was lower than the 3% gain in January. The main contribution to the drop in inflation was lower prices for clothing and housing. On a monthly basis, CPI rose 0.4%, up from 0.1% in January but lower than the market estimate of 0.5%. Core CPI also eased, falling from 3.7% to 3.5%.
The...
NZDUSD - 24h expiry
Price action has stalled at good support levels and currently trades just above here (0.5725).
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5775 will confirm the bullish momentum.
The measured move target is 0.5800.
We look to Buy at 0.5725 (stop at 0.5690)
Our profit...
The Japanese yen has rebounded on Tuesday after sliding almost 1% a day earlier. In the European session, USD/JPY is trading at 150.11, down 0.39% on the day. The yen weakened to 150.94 in the Asian session, its lowest level since March 3.
The Bank of Japan raised rates at the January meeting for only the third time since the central bank started its tightening...
XAUUSD - 24h expiry
Previous support at 3030 now becomes resistance.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Posted a Bearish Inverted Hammer Bottom on the Daily chart.
A higher correction is expected.
The RSI is trending lower.
We look to Sell at 3029.5 (stop at 3050.2)
Our profit targets will...
NZDJPY - 24h expiry
The primary trend remains bearish.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The RSI is trending higher.
Bespoke resistance is located at 86.55.
We look to Sell at 86.55 (stop at 86.95)
Our profit targets will be 84.95 and 84.70
Resistance: 86.70 / 87.15 / 87.65
Support: 85.20 / 84.75 / 84.40
Risk...
CHN50 - 24h expiry
Price action looks to be forming a top.
There is no clear indication that the downward move is coming to an end.
Risk/Reward would be poor to call a sell from current levels.
A move through 13500 will confirm the bearish momentum.
The measured move target is 13350.
We look to Sell at 13600 (stop at 13700)
Our profit targets will be 13400...
AU200AUD - 24H EXPIRY
Price action has continued to trend strongly lower and has stalled at the previous support near 7750.
Price action looks to be forming a bottom.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7900 will confirm the bullish momentum.
The measured move target is 8100.
We look to...
USDCHF - 24h expiry
Broken out of the channel formation to the downside.
Our short term bias remains negative.
Offers ample risk/reward to sell at the market.
The weaker US dollar has boosted performance.
20 4hour EMA is at 0.8801.
We look to Sell at 0.8799 (stop at 0.8839)
Our profit targets will be 0.8701 and 0.8681
Resistance: 0.8777 / 0.8800 /...
NZDJPY - 24h expiry
The primary trend remains bearish.
Bearish divergence is expected to cap gains.
Preferred trade is to sell into rallies.
Rallies should be capped by yesterday's high.
Bespoke resistance is located at 87.00.
We look to Sell at 87.00 (stop at 87.40)
Our profit targets will be 85.40 and 85.10
Resistance: 87.30 / 87.70 / 88.00
Support:...
EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 162.36.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further...
