DOW30 - Intraday - We look to Sell at 29608 (stop at 29955)
The primary trend remains bearish.
We are assessed to be in a corrective mode higher.
Bespoke resistance is located at 29700.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 28828 and 28600
Resistance: 29700 / 31100 /...
The euro is showing limited movement today, after a two-day rally. In the European session, EUR/USD is trading at 0.9759, down 0.55%.
It has been a week of swings for the euro, which has traded in a 300-point range. The euro has been under strong pressure, and is down 2.5% in September, as the euro continues to drop further away from the psychologically-important...
USDCHF - Intraday 9pm UK expiry - We look to Sell at 0.9845 (stop at 0.9871)
The current move lower is expected to continue. We look for a temporary move higher. Preferred trade is to sell into rallies. The previous swing high is located at 0.9855.
Our profit targets will be 0.9787 and 0.9777
Resistance: 0.9780 / 0.9800 / 0.9820
Support: 0.9740 / 0.9720 /...
EURAUD - 24h expiry - We look to Buy at 1.4900 (stop at 1.4825)
Previous support located at 1.4950. Previous resistance located at 1.5000.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5000 will confirm the bullish momentum.
Our profit targets will be...
The yen has reversed directions today and is in negative territory. In the North American session, USD/JPY is trading at 144.59, up 0.33%. Japan releases a data dump later today, highlighted by retail sales for August. The headline reading is expected to rise to 2.8%, following a 2.4% gain in July.
It was exactly a week ago that the yen went on a spectacular...
The roller-coaster continues for the British pound, which is down sharply today. In the European session, GBP/USD is trading at 1.0774, down 1.05%.
It has been a remarkable week for the British pound, which has exhibited sharp volatility since Friday, when Chancellor Kwarteng unveiled his mini-budget. The package included unfunded tax cuts, despite weak a weak...
USDCAD - Intraday - We look to Buy at 1.3575 (stop at 1.3515)
Previous support located at 1.3600.
Previous resistance located at 1.3695.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3650 will confirm the bullish momentum.
Our profit targets will be 1.3695 and 1.3700
Resistance: 1.3695 /...
EURNZD - Intraday - We look to Buy at 1.6971 (stop at 1.6933)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 1.6976.
We look to buy dips.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 1.7066 and 1.7086...
It has been a volatile day for the pound. GBP/USD started the day with losses but has reversed directions and posted strong gains in the North American session. GBP/USD is trading at 1.0799, up 0.61%.
The new Truss government has started off on the left foot, sending the pound to a record low in the process. The trouble began on Friday, as Chancellor Kwarteng's...
NZDJPY - Intraday - We look to Sell at 82.50 (stop at 83.10)
Previous support located at 82.00.
Previous resistance located at 82.50.
A higher correction is expected.
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.
Our profit targets will be 81.00 and 80.75
Resistance:...
DOW30 - 24h expiry - We look to Sell at 29575 (stop at 29986)
The primary trend remains bearish.
We are assessed to be in a corrective mode higher.
Prices expected to stall near trend line resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 28614 and 28400
Resistance: 29660 / 32700 / 36800
Support: 28600 / 26000 / 24000
Risk...
The euro is in negative territory today, after posting six straight days of losses. EUR/USD is trading at 0.9553 in Europe, down 0.41%.
September can't end fast enough for the euro, which has declined a massive 4.8% against the dollar. Earlier today, EUR/USD fell to 0.9536, its lowest level since June 2002. With the war in Ukraine escalating and Nord Stream...
GER40 - Intraday 9pm UK expiry - We look to Sell at 12185 (stop at 12256)
Daily signals are bearish.
Our bespoke support of 12200 has been clearly broken.
Previous support at 12200 now becomes resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 12004 and 11964
Resistance: 12000 / 12100 / 12200
Support: 11900 / 11800 /...
GBPNZD - Intraday - We look to Sell at 1.9100 (stop at 1.9220)
Previous support located at 1.9000.
Previous resistance located at 1.9050.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.9000 will confirm the bearish momentum.
Our profit targets will be 1.8850 and 1.8825
Resistance: 1.9050...
US500 - Intraday Expiry 9pm UK - We look to Sell at 3777 (stop at 3836)
Sentiment remains negative despite the pull-back higher in prices.
We are assessed to be in a corrective mode higher.
Horizontal resistance is seen at 3800.
Resistance could prove difficult to breakdown.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a...
USDCAD - Intraday - We look to Buy at 1.3620 (stop at 1.3560)
Previous support located at 1.3620.
Previous resistance located at 1.3700.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3700 will confirm the bullish momentum.
Our profit targets will be 1.3740 and 1.3750
Resistance: 1.3700 /...
EURNZD - Expiry 9PM UK time - We look to Buy at 1.6782 (stop at 1.6745)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 4hour EMA is at 1.6767.
Our short term bias remains positive.
We look to buy dips.
Our profit targets will be 1.6873 and 1.6893
Resistance: 1.6870 / 1.6900...
GER40 - Intraday expiry 9PM UK - We look to Buy a break of 12353 (stop at 12269)
We are trading at oversold extremes.
A break of the recent high at 12350 should result in a further move higher.
A higher correction is expected.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 12558...
