GBPNZD - 21h expiry - We look to Buy at 1.9700 (stop at 1.9540)
Previous support located at 1.9800.
Previous resistance located at 2.0000.
Risk/Reward would be poor to call a buy from current levels.
A move through 2.0000 will confirm the bullish momentum.
Our profit targets will be 2.0070 and 2.0100
Resistance: 2.0000 / 2.0070 / 2.0100
Support: 1.9800 /...
NZDUSD - 21h expiry - We look to Buy at 0.5625 (stop at 0.5550)
Previous support located at 0.5625.
Previous resistance located at 0.5700.
Indecisive price action has resulted in sideways congestion on the daily chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5700 will confirm the bullish momentum.
Our profit targets...
MCPHY Energy - 30d expiry - We look to Sell a break of 12.45 (stop at 13.14)
Daily signals are bearish.
We are trading at overbought extremes.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of...
NZDJPY - 22h expiry - We look to Buy at 85.00 (stop at 84.35)
Previous support located at 85.00.
Previous resistance located at 86.00.
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.
Our profit targets will be 86.50 and 87.00
Resistance: 86.00 / 86.50 / 87.00
Support:...
Intel Corporation - 30d expiry - We look to Buy a break of 28.02 (stop at 25.88)
We are trading at oversold extremes.
In our opinion this stock is undervalued.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
The RSI is trending higher.
Bullish divergence is expected to support prices.
We need to see a break of...
GBPNZD - 22h expiry - We look to Buy at 1.9700 (stop at 1.9540)
Previous support located at 1.9800.
Previous resistance located at 1.9900.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 2.0070 and 2.0100
Resistance: 1.9900 / 2.0000 / 2.0070
Support: 1.9800 / 1.9700 /...
NZDUSD - 21h expiry - We look to Buy at 0.5630 (stop at 0.5555)
Previous support located at 0.5630.
Previous resistance located at 0.5700.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5700 will confirm the bullish momentum.
Our profit targets will be 0.5780 and 0.5800
Resistance: 0.5700 /...
ArcelorMittal - 30d expiry - We look to Buy a break of 22.52 (stop at 21.59)
Prices have reacted from 19.40.
A break of the recent high at 22.40 should result in a further move higher.
Short term bias has turned positive.
The RSI is trending higher.
This stock has seen good sales growth.
Our profit targets will be 24.92 and 25.72
Resistance: 22.50 /...
BRK.B - 30d expiry - We look to Buy a
break of 283.03 (stop at 274.88)
The primary trend remains bullish.
Bullish divergence can be seen on the weekly chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
282.50 has been pivotal.
A break of 283 is needed to...
Ethereum - Expiry tomorrow 8am uk time - We look to Buy at 1266 (stop at 1239)
Support is located at 1260 and should stem dips to this area.
We look to buy dips.
We look for a temporary move lower.
Our profit targets will be 1336 and 1366
Resistance: 1340 / 1380 / 1400
Support: 1280 / 1260 / 1220
Disclaimer – Saxo Bank Group.
Please be reminded – you...
Air Liquide - 30d expiry - We look to Buy at 115.12 (stop at 111.78)
The primary trend remains bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is located at 115 and...
Exxon Mobile - 30d expiry - We look to Sell at 102.98 (stop at 107.07)
We are trading at overbought extremes.
Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Posted a Double Top formation on daily RSI.
Price action...
Bitcoin - 21h expiry - We look to Sell at 20299 (stop at 20626)
Daily signals are bearish.
The previous swing high is located at 20400.
20500 continues to hold back the bears.
We look for a temporary move higher.
20300 has been pivotal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets...
MCPHY Energy - 30D expiry - We look to Buy a break of 11.61 (stop at 10.69)
Prices have reacted from 7.550.
There is no clear indication that the upward move is coming to an end.
A break of 10.60 is needed to confirm follow through bullish momentum.
The bullish engulfing candle on the weekly chart the positive for sentiment.
Our profit targets will be 13.88...
Twitter - 30d expiry - We look to Sell at 51.88 (stop at 55.11)
We are trading at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
This is curremtly an actively traded stock.
In our opinion this stock is overvalued.
The previous swing high is located at 54.50.
A higher correction is...
Ethereum - Intraday - We look to Sell at 1349 (stop at 1381)
Daily signals are bearish.
Bespoke resistance is located at 1350.
Preferred trade is to sell into rallies.
A Morning Doji Star formation has been posted at the low.
Our profit targets will be 1281 and 1261
Resistance: 1300 / 1320 / 1350
Support: 1270 / 1250 / 1220
Disclaimer – Saxo Bank...
Snap - Intraday - We look to Sell at 12.71 (stop at 13.91)
Price action continues to trade around the all-time lows.
Price action continued to range between key support & resistance (10.00 - 12.80) and we expect this to continue.
The bias is to break to the downside.
Daily signals are bearish.
We look for a temporary move higher.
The primary trend remains...
Litecoin - Intraday - We look to Buy at 50.51 (stop at 49.58)
With signals for sentiment at oversold extremes, the dip could not be extended.
We look for a temporary move lower.
We look to buy dips.
Bespoke support is located at 50.50.
Our profit targets will be 52.98 and 53.48
Resistance: 53.00 / 54.00 / 55.00
Support: 51.50 / 50.50 / 50.00
Disclaimer –...
