Palladium - Intraday - We look to Buy at 1902.6 (stop at 1881.7)
Short term bias has turned positive.
20 4hour EMA is at 1901.3.
Previous resistance at 1900 now becomes support.
We look to buy dips.
Our profit targets will be 1954.9 and 1959.9
Resistance: 1930 / 1958 / 1970
Support: 1915 / 1900 / 1890
Risk Disclaimer
The trade ideas beyond this page are...
EURNZD - Intraday - We look to Sell at 1.6569 (stop at 1.6609)
Trend line resistance is located at 1.6580.
Bespoke resistance is located at 1.6570.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
Our profit targets will be 1.6469 and 1.6449
Resistance: 1.6470 / 1.6520 / 1.6570
Support: 1.6430 / 1.6400 / 1.6370
Risk...
The British pound has posted slight gains today. In the European session, GBP/USD is trading at 1.2257, up 0.32%.
After a rather uneventful week for the US dollar, next week could be marked by plenty of action, with a host of key releases on both sides of the pond. The BoE and Federal Reserve are expected to deliver 50 bp hikes, and we'll get a look at the latest...
AUDUSD - Intraday - We look to Sell at 0.6839 (stop at 0.6879)
We are trading at overbought extremes.
A lower correction is expected.
Previous resistance located at 0.6850.
Weekly pivot is at 0.6840.
We look to sell rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.6739 and...
USDCHF - Intraday - We look to Sell at 0.9389 (stop at 0.9414)
Our short term bias remains negative.
20 4hour EMA is at 0.9384.
Previous support at 0.9390 now becomes resistance.
Daily signals are bearish.
Our profit targets will be 0.9326 and 0.9316
Resistance: 0.9350 / 0.9380 / 0.9400
Support: 0.9325 / 0.9300 / 0.9280
Risk Disclaimer
The trade ideas...
GBPNZD - 21h expiry - We look to Buy at 1.9100 (stop at 1.9020)
Previous support located at 1.9100.
Previous resistance located at 1.9300.
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 1.9300 will confirm the bullish momentum.
Our profit targets...
Palladium - Intraday - We look to Buy at 1804.4 (stop at 1782.8)
Trading has been mixed and volatile.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Support is located at 1800 and should stem dips to this area.
We look to buy dips.
Our profit targets will be 1859.8 and 1869.8...
EURNZD - Intraday - We look to Sell at 1.6629 (stop at 1.6669)
Trend line resistance is located at 1.6635.
Prices expected to stall near trend line resistance.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to...
The Australian dollar is showing limited movement for a second successive day. In European trade, AUD/USD is trading at 0.6696, up 0.12%.
Australia's economy underperformed in Q3, with a modest gain of 0.6% m/m. This was lower than the Q2 print of 0.9% and beneath the 0.7% consensus and also marked the weakest quarterly growth this year. Annualized GDP climbed...
EURCHF - Intraday - We look to Buy at 0.9835 (stop at 0.9815)
The trend of higher lows is located at 0.9835.
We look to buy dips.
Our short term bias remains positive.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Our profit targets will be 0.9885 and 0.9895...
GER40 - Intraday - We look to Sell a break of 14239 (stop at 14331)
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Our outlook is bearish.
We look for losses to be extended today.
A break of yesterdays low would confirm bearish momentum.
20 1day EMA is at 14240.
Our profit targets will be 14012 and 13962...
The Canadian dollar is slightly lower on Tuesday. In the European session, USD/CAD is trading at 1.3620, up 0.24%.
The Bank of Canada has been aggressive in its tightening, including a whopping full-point hike in July, which brought the cash rate to 2.50%. The BoC has been gradually easing since then, raising rates by 75 bp and then 50 bp, bringing the cash rate...
ASX200 - 22h expiry - We look to Buy at 7190 (stop at 7140)
3RR
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.
We therefore, prefer to fade into the...
EURCHF - Intraday - We look to Buy at 0.9875 (stop at 0.9855)
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
Previous resistance at 0.9875 now becomes support.
20 4hour EMA is at 0.9876.
We look to buy dips.
Our profit targets will be 0.9925 and 0.9935
Resistance: 0.9900 / 0.9910 /...
EURNZD - Intraday - We look to Sell at 1.6699 (stop at 1.6733)
The trend of lower highs is located at 1.6700.
20 1day EMA is at 1.6711.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 1.6614 and 1.6604
Resistance: 1.6655 / 1.6680 / 1.6700
Support: 1.6600 /...
ASX200 - 21h expiry - We look to Buy at 7226 (stop at 7180)
Although the bulls are in control, the stalling positive 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.
We look to buy dips.
Our profit targets...
The Japanese yen has been on an impressive streak but has dropped sharply on Monday. USD/JPY is trading at 135.83, up 1.13% on the day.
The US dollar is showing some signs of life, courtesy of Friday's US employment report, which was stronger than expected. The economy created 263,000 jobs in November, slightly lower than the October reading of 284,000 but well...
EURCHF - Intraday - We look to Buy at 0.9851 (stop at 0.9832)
50 4hour EMA is at 0.9847.
Bespoke support is located at 0.9850.
Our short term bias remains positive.
A lower correction is expected.
We look to buy dips.
Our profit targets will be 0.9899 and 0.9909
Resistance: 0.9893 / 0.9910 / 0.9930
Support: 0.9880 / 0.9865 / 0.9850
Risk Disclaimer
The...
