GER40 - Intraday - We look to Buy at 14433 (stop at 14364)
Intraday signals are bullish.
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
The trend of higher lows is located at 14430. We look to buy dips.
Our profit targets will be 14598 and...
EURCHF - Intraday - We look to Buy at 0.9821 (stop at 0.9799)
Intraday signals are mildly bullish.
Trend line support is located at 0.9815.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 0.9872 and 0.9882
Resistance: 0.9870 / 0.9890 / 0.9910
Support:...
Palladium - Intraday - We look to Buy at 1901.1 (stop at 1876.6)
Previous resistance at 1900 now becomes support.
Short term bias has turned positive.
A lower correction is expected.
Offers ample risk reward to buy at market.
Our profit targets will be 1959.7 and 1964.7
Resistance: 1920 / 1937 / 1950
Support: 1915 / 1890 / 1870
Risk Disclaimer
The trade...
EUR/USD is unchanged on Friday, trading at 1.0524.
The week wraps up with one of most important releases on the calendar, US nonfarm payrolls. The robust labour market is showing signs of cooling down, as rising interest rates have slowed economic activity. Nonfarm payrolls have been falling and the trend is expected to continue, with a consensus of 200,000 for...
ASX200 - 22h expiry - We look to Buy at 7270 (stop at 7230)
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 look to buy dips.
Our profit targets will be 7390 and 7590
Resistance: 7340 / 7590 / 7800
Support: 7140 / 6965 /...
The euro has climbed to its highest level since June 29th, as the US dollar continues to struggle. In the North American session, EUR/USD is trading at 1.0496, up 0.85%.
German consumers are being squeezed by the double-whammy of rising interest rates and double-digit inflation, and the October retail sales report shows that consumer spending was sharply lower....
EURNZD - Intraday - We look to Sell at 1.6598 (stop at 1.6638)
Previous support at 1.6600 now becomes resistance.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
20 4hour EMA is at 1.6609.
Our profit targets will be 1.6498 and 1.6478
Resistance: 1.6500 / 1.6540 / 1.6600
Support: 1.6480 / 1.6440 / 1.6400
Risk Disclaimer
The...
EURCHF - Intraday - We look to Buy at 0.9813 (stop at 0.9791)
Intraday signals are mildly bullish.
Trend line support is located at 0.9810.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 0.9868 and 0.9878
Resistance: 0.9870 / 0.9890 / 0.9910
Support:...
GBPNZD - 23h expiry - We look to Sell a break of 1.9128 (stop at 1.9245)
Selling pressure dominated price action yesterday and we expect this to continue today.
Previous support located at 1.9128.
Short term bias is bearish.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.9128, which will confirm the...
It continues to be a quiet week for the euro. In the European session, EUR/USD is trading at 1.0363.
The ECB's number one priority has been bringing down inflation, which has hit double-digits. ECB policy makers are no doubt pleased that November CPI fell sharply to 10.0%, down from 10.6% a month earlier. This beat the consensus of 10.4%, and the euro has...
Gold - Intraday - We look to Sell at 1774.0 (stop at 1784.0)
Posted Mixed Daily results for the last 6 days.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Expect trading to remain mixed and volatile.
Bespoke resistance is located at 1774.0.
A move to 1774.0 will form a daily...
EURCHF - Intraday - We look to Buy at 0.9841 (stop at 0.9819)
Short term bias has turned positive.
We look to buy dips.
20 4hour EMA is at 0.9840.
Our profit targets will be 0.9895 and 0.9905
Resistance: 0.9890 / 0.9920 / 0.9935
Support: 0.9860 / 0.9840 / 0.9800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do...
The Australian dollar has rebounded on Tuesday after a poor start to the week. In the European session, AUD/USD is trading at 0.6737, up 1.28%.
What goes down ... can go right back up. This has been the story early this week for the Australian dollar, which tumbled 1.5% on Monday but has recovered most of those losses today. The Australian dollar was hit hard...
Palladium - Intraday - We look to Sell at 1889.8 (stop at 1914.2)
Bespoke resistance is located at 1890.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
Our profit targets will be 1828.7 and 1818.7
Resistance: 1870 / 1890 / 1915
Support: 1850 / 1825 / 1795
Risk Disclaimer
The trade ideas beyond this page are for...
GER40 - Intraday - We look to Sell a break of 14319 (stop at 14401)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Posted a Treble Top formation.
A bearish Head and Shoulders is forming.
A break of yesterdays low would confirm bearish momentum.
Bearish engulfing has been posted on last candle.
Our profit...
NZDJPY - 21h expiry - We look to Buy at 85.40 (stop at 84.75)
Previous support located at 86.00. Previous resistance located at 86.50.
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 86.50 will confirm the bullish momentum.
Our profit targets will...
After strong gains last week, the Japanese yen has extended its gains on Monday. USD/JPY is trading at 138.23 in the European session, down 0.67%.
China has applied its Covid-zero policy with a heavy hand, but Covid cases continue to rise nonetheless. The mass lockdowns have triggered widespread protests, which some injuries reported. The unrest is likely to...
EURNZD - Intraday - We look to Sell at 1.6827 (stop at 1.6867)
Our short term bias remains negative.
Preferred trade is to sell into rallies.
20 1day EMA is at 1.6827.
Our profit targets will be 1.6727 and 1.6707
Resistance: 1.6740 / 1.6800 / 1.6830
Support: 1.6700 / 1.6670 / 1.6640
Risk Disclaimer
The trade ideas beyond this page are for informational...
