GER40 - Intraday - We look to Sell at 15258 (stop at 15348)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15038 and 14988
Resistance: 15130 / 15200 / 15272
Support:...
USDCHF - Intraday - We look to Sell at 0.9229 (stop at 0.9254)
Bespoke resistance is located at 0.9235.
Daily signals are bearish.
Preferred trade is to sell into rallies.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 0.9169 and 0.9159
Resistance: 0.9190 / 0.9210 / 0.9235
Support: 0.9170 / 0.9150 /...
US500 - Intraday - We look to Buy at 3875 (stop at 3855)
Continued downward momentum from 4013 resulted in the pair posting net daily losses yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
The 361.8% Fibonacci extension level of the 4016-3977 move is at 3875.
A Fibonacci confluence area is located at 3875.
There is...
USDCHF - Intraday - We look to Sell at 0.9216 (stop at 0.9241)
Previous support at 0.9210 now becomes resistance.
Our short term bias remains negative.
Trades at the lowest level in 63 weeks.
We look for a temporary move higher.
Our profit targets will be 0.9156 and 0.9146
Resistance: 0.9175 / 0.9190 / 0.9210
Support: 0.9150 / 0.9120 / 0.9085
Risk...
The Canadian dollar is unchanged on Friday, trading at 1.3466 in the European session. We could see some volatility in the North American session, as Canada releases retail sales.
The markets are bracing for a downturn in retail sales for November, with a forecast of -0.5% m/m for the headline figure and -0.4% for the core rate. This follows a strong report in...
GER40 - Intraday - We look to Sell a break of 14897 (stop at 14986)
Short term momentum is bearish.
A break of resistance at 14900 should lead to a more aggressive move higher towards 14800.
We look for losses to be extended today.
We are trading at overbought extremes.
Our profit targets will be 14681 and 14651
Resistance: 15050 / 15130 / 15200
Support:...
NIK225 - 24h expiry - We look to Buy at 26030 (stop at 25770)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
We look to buy dips....
DOW30 - Intraday - We look to Buy at 32845 (stop at 32645)
Continued downward momentum from 34358 resulted in the pair posting net daily losses yesterday.
The 261.8% Fibonacci extension is located at 32845 from 34358 to 33784.
We have a 78.6% Fibonacci pullback level of 32845 from 32437 to 34347.
Although the anticipated move higher is corrective, it does...
EURNZD - Intraday - We look to Sell at 1.6969 (stop at 1.7009)
Bespoke resistance is located at 1.6970.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Levels above 1.6970 continue to attract sellers.
We look for a temporary move higher.
Our profit targets will be 1.6869 and...
The Australian dollar has extended its slide on Thursday. AUD/USD is trading at 0.6884 in Europe, down 0.82%.
Australia's December employment report was weaker than expected, sending the Australian dollar sharply lower. The headline reading showed a loss of 14,600 in total employment, which may have soured investors. The release wasn't all that bad, as full-time...
HS50 - 24h expiry - We look to Buy at 21405 (stop at 21180)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The medium term bias remains bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be...
The British pound is in full flight upwards on Wednesday. In the North American session, GBP/USD is trading at 1.2393, up 0.86%.
UK inflation eased for a second straight month in December. Headline CPI dipped to 10.5%, down from 10.7% in November and just below the forecast of 10.6%. Core CPI, however, did not show an improvement as it remained unchanged at...
EURNZD - Intraday - We look to Sell at 1.6879 (stop at 1.6919)
Short term momentum is bearish.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
There is no clear indication that the upward move is coming to an end.
Previous support at 1.6680 now becomes resistance.
We look for a temporary move higher.
Our profit targets will be...
It has been a quiet day in the currency markets, and the Canadian dollar has followed suit. In the North American session, USD/CAD is trading at 1.3386, down 0.15%.
Inflation in Canada slowed to 6.3% y/y in December, down from 6.8% a month earlier and matching the consensus. On monthly basis, the decline was noticeable at -0.6%, compared to 0.0% in November and...
GBPJPY - Intraday - We look to Sell at 158.10 (stop at 159.05)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The hourly chart technicals suggests further upside before the downtrend returns.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the...
GER40 - Intraday - We look to Sell a break of 15029 (stop at 15119)
We are trading at overbought extremes.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower...
NIK225 - 24h expiry - We look to Buy at 25690 (stop at 25570)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A Doji style candle has been posted from the base.
Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a...
USD/JPY is in positive territory on Monday. In the North American session, USD/JPY is trading at 128.50, up 0.52%.
The yen had an excellent week, climbing over 3% and trading at levels not seen since May 2022.
The Bank of Japan holds a two-day policy meeting on Tuesday and Wednesday in what could be one of the highlights of the week. BOJ meetings were...
