USDCHF - Intraday - We look to Buy at 0.9201 (stop at 0.9169)
Yesterday's price action posted daily net gains of 127 pips.
We are trading at oversold extremes.
Short term bias has turned positive.
Bespoke support is located at 0.9195.
Our profit targets will be 0.9279 and 0.9289
Resistance: 0.9290 / 0.9315 / 0.9350
Support: 0.9250 / 0.9230 / 0.9195
Risk...
US500 - Intraday - We look to Buy at 4081 (stop at 4049)
Previous resistance level of 4141 broken. Majority of the initial daily gains being overturned.
Bespoke support is located at 4047.
The sequence for trading is higher highs and lows.
The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 4153 and 4170...
GBPUSD - Intraday - We look to Sell at 1.2288 (stop at 1.2328)
The bearish engulfing candle on the daily chart is negative for sentiment.
A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation.
Bespoke resistance is located at 1.2300.
Although the anticipated move lower is corrective, it does offer ample...
The euro is catching its breath on Friday after some sharp swings over the past two days. EUR/USD is trading quietly at the 1.09 line.
This week's central bank rate announcements sent the euro on a roller-coaster ride. The Fed's 25-basis point hike pushed the euro higher by 1.16%, while the ECB hike of 50-bp sent the euro down by 0.76%. The end result is that the...
GER40 - Intraday - We look to Buy at 15326 (stop at 15246)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Largest net daily gains in 21 days.
A break of the recent high at 15572 should result in a further move higher.
We look to buy dips.
20 4hour EMA is at 15319.
Our profit targets will be 15526 and...
NZDUSD - 24h expiry - We look to Buy at 0.6450 (stop at 0.6410)
Previous support located at 0.6450.
Previous resistance located at 0.6550.
Further upside is expected although we prefer to set longs at our bespoke support levels at 0.6450, resulting in improved risk/reward.
A move through 0.6550 will confirm the bullish momentum.
Our profit targets will be...
The British pound has posted sharp losses on Thursday and continues to lose ground in the North American session. GBP/USD is trading at 1.2251, down 0.98%.
The major central banks remain the focus of the market's attention. The Bank of England raised rates by 50 basis points, just one day after the Federal Reserve's 25-bp hike. This marked a second straight...
EURCHF - Intraday - We look to Sell at 1.0028 (stop at 1.0056)
Trend line resistance is located at 1.0030.
Prices expected to stall near trend line resistance.
Expect trading to remain mixed and volatile.
We look for a temporary move higher.
Our profit targets will be 0.9961 and 0.9951
Resistance: 1.0000 / 1.0020 / 1.0035
Support: 0.9975 / 0.9960 /...
NZDUSD - 24h expiry - We look to Buy at 0.6400 (stop at 0.6350)
Previous support located at 0.6400.
Previous resistance located at 0.6450.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
We expect a reversal in this move.
A move through 0.6450 will confirm the bullish momentum.
Our profit targets will be 0.6520...
It has been a quiet week for the British pound, but that could change in a hurry, with the Fed announcing its rate decision later today, followed by the Bank of England on Thursday.
It's a virtual guarantee that the Federal Reserve will raise rates at today's meeting by 25 basis points. This would bring the benchmark rate to 4.75%. The Fed has had some success...
EURNZD - Intraday - We look to Sell at 1.6969 (stop at 1.7009)
Levels above 1.7000 continue to attract sellers.
Short term momentum is bullish.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.6869 and...
EURCHF - Intraday - We look to Sell at 0.9997 (stop at 1.0025)
Trading close to the psychological 1.0000 level.
Previous support at 1.0000 now becomes resistance.
Short term oscillators have turned negative.
We look for a temporary move higher.
Our profit targets will be 0.9928 and 0.9918
Resistance: 0.9970 / 1.0000 / 1.0030
Support: 0.9943 / 0.9920 /...
NIK225 - 24h expiry - We look to Buy at 27205 (stop at 27110)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the...
The New Zealand dollar has edged lower on Tuesday. In the North American session, NZD/USD is trading at 0.6462, down 0.10%.
New Zealand releases the Q4 employment report later today. Unemployment is expected to tick lower to 3.2%, following a 3.3% reading in the third quarter. This would mark the lowest unemployment rate in over four decades. Employment change is...
EURJPY - Intraday - We look to Buy at 140.40 (stop at 139.80)
Selling pressure from 141.98 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
Previous support located at 140.55.
Further upside is expected although we prefer to buy into dips close to the 140.40 level.
Our profit targets will be 141.80...
USDCHF - Intraday - We look to Buy at 0.9219 (stop at 0.9195)
Short term bias has turned positive.
Previous resistance at 0.9220 now becomes support.
50 4hour EMA is at 0.9275.
20 4hour EMA is at 0.9274.
We look for a temporary move lower.
Our profit targets will be 0.9278 and 0.9288
Resistance: 0.9260 / 0.9280 / 0.9300
Support: 0.9235 / 0.9220 /...
GBPNZD - 24h expiry - We look to Buy at 1.9000 (stop at 1.8925)
Previous support located at 1.9050.
Previous resistance located at 1.9100.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9100 will confirm the bullish momentum.
Our profit...
EURCHF - Intraday - We look to Sell at 0.9987 (stop at 1.0013)
Expect trading to remain mixed and volatile.
A break of the recent low at 0.9988 should result in a further move lower.
Short term MACD has turned negative.
A higher correction is expected.
Our profit targets will be 0.9922 and 0.9912
Resistance: 1.0020 / 1.0040 / 1.0070
Support: 1.0010 /...
