GER40 - 24h expiry
Offers ample risk/reward to buy at the market.
The primary trend remains bullish.
The 1 day moving average should provide support at 15923.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Bespoke support is located at 15900.
We look to Buy at 15902 (stop at 15802)
Our profit targets...
NZDJPY - 24h expiry
Previous support located at 87.50.
Previous resistance located at 88.00.
There is no clear indication that the upward move is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.00 will confirm the bullish momentum.
We look to Buy at 87.05 (stop at 86.5)
Our...
US500 - 24h expiry
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.
This is positive for sentiment and the uptrend has potential to return.
The hourly chart technicals suggests further downside before the uptrend returns.
Further upside is expected although...
The British pound has edged lower on Wednesday. GBP is trading at 1.2724 in Europe, down 0.3%. GBP/USD spiked after today's inflation release but in currently in negative territory.
The UK released the May inflation report today, and the results were a major disappointment, to put it mildly. With inflation falling for two straight months, there were hopes that...
Palladium - 24h expiry
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 1355.
We look to buy dips.
With signals for sentiment at oversold extremes, the dip could not be extended.
Offers ample risk/reward to buy at the market.
We look to Buy at 1350.1 (stop at 1326.1)
Our profit targets will be 1410.1 and 1420.1
Resistance:...
NZDUSD - 24h expiry
Previous support located at 0.6125.
Previous resistance located at 0.6175.
Trend line support is located at 0.6100.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 0.6200 (stop at 0.6230)
Our profit targets will be 0.6125 and 0.6100
Resistance: 0.6175 / 0.6200 /...
The British pound is lower on Tuesday. In the European session, GBP/USD is trading at 1.2739, down 0.41%.
The UK releases the May inflation report on Wednesday and BoE policy makers will be hoping that inflation continues to trend lower. Inflation dropped in April to 8.7%, decelerating for a second straight month. The consensus stands at 8.4%, and the good news...
AUDJPY - 24h expiry
Previous support located at 96.50.
Previous resistance located at 97.00.
There is no clear indication that the upward move is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 96.00 (stop at 95.50)
Our profit targets will be 97.20 and 97.45
Resistance: 97.00...
EURCHF - 24h expiry
Our short term bias remains positive.
Previous resistance, now becomes support at 0.9785.
We look to buy dips.
20 4hour EMA is at 0.9776.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 0.9783 (stop at 0.9763)
Our profit targets will be 0.9833 and 0.9843
Resistance: 0.9800 / 0.9820 /...
The Australian dollar has started the week with losses. AUD/USD is trading at 0.6848, down 0.39%. The Australian dollar gained 1.95% last week and has soared 5.2% in the month of June.
The Reserve Bank of Australia releases the minutes of the June meeting on Tuesday. At the meeting, the Bank decided to raise rates by 0.25%, bringing the benchmark rate to 4.10%....
EUR/USD is trading at 1.0948 in Europe, almost unchanged on the day. On Thursday, the euro surged 1.05% in the aftermath of the ECB rate hike.
The ECB raised rates by 25 basis points on Thursday, bringing the benchmark rate to 3.50%, the highest level since 2001. The markets were not surprised by the move but ECB President Lagarde's hawkish comments following the...
Palladium - Intraday
The primary trend remains bearish.
Preferred trade is to sell into rallies.
20 1day EMA is at 1397.
Trading has been mixed and volatile.
Daily signals for sentiment are at oversold extremes.
We look to Sell at 1397.8 (stop at 1421.8)
Our profit targets will be 1337.8 and 1327.8
Resistance: 1400 / 1415 / 1430
Support: 1380 / 1360 /...
GER40 - Intraday
Price action continues to trade around the all-time highs.
There is no clear indication that the upward move is coming to an end.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
The bias is to break to the upside.
The primary trend remains bullish.
We look to Buy a break of 16351 (stop at 16251)
Our profit...
ASX200 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
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...
FRA40 - 24h expiry
Previous resistance located at 7350.
Previous support located at 7250.
The trend of higher lows is located at 7100.
Further upside is expected although we prefer to set longs at our bespoke support levels at 7250, resulting in improved risk/reward.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7250 (stop at 7210)...
The Japanese yen has taken a tumble on Thursday. In the European session, USD/JPY is trading at 141.24, up 0.81%. Earlier today, the yen fell as low as 141.50, its lowest level since November.
The markets had widely expected the Federal Reserve to pause at the Wednesday meeting, especially after a favourable inflation release on Tuesday. Jerome Powell delivered a...
GER40 - 24h expiry
We are trading at overbought extremes.
Price action continues to trade around the all-time highs.
The previous swing high is located at 16333.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Rallies should be capped by yesterday's high.
Bespoke resistance is located at 16300.
We look...
GBPAUD - 24h expiry
Previous support located at 1.8600.
Previous resistance located at 1.8650.
There is no clear indication that the downward move is coming to an end.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 1.8675 (stop at 1.8735)
Our profit targets will...
