EURUSD is experiencing considerable volatility, partly due to conflicting signals from its daily moving averages (DMAs). With the 21 DMA rising, the 55 DMA declining, the 100 DMA rising, and the 200 DMA almost flat, the currency pair lacks a clear directional trend across short-, medium-, and long-term perspectives.
Fibonacci retracement levels are key in...
Third time is a charm. USDCHF broken above key resistance after two previous tries following the SNB's rate decision. 0.90-0.91 in the horizon, maybe even 0.92 level
USDCHF After being rejected yesterday at the resistance and 0.618 retracement at 0.89 USDCHF is propelling higher today following SNB rate decision.
UDCHF is now seemingly headed towards the...
EURCHF is experiencing a significant bullish movement, currently testing the resistance at around 0.9775 after surpassing a minor resistance at 0.97.
This bullish move follows the pair's break above a falling trendline that dates back to January 2022 and its break back above the 200 Daily Moving Average, signaling a strong upward momentum.
On the weekly chart,...
The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view.
If rejected at the resistance, AUDJPY is likely to slide back to 97
The GBPJPY pair is testing the 0.618 retracement at 190.04. The RSI shows positive sentiment and has broken above its falling trendline, indicating that GBPJPY is likely to break above the 0.618 retracement and move higher. If the RSI closes back above the 60 thresholds, GBPJPY is likely to break above the February peak at 191.33 and move towards the 1.382...
The EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88.
If it fails to close above...
The USDJPY pair has rebounded to the 0.618 retracement and key resistance at around 149.20. If it is rejected and fails to close above, the pair could slide back to 148.15 possibly lower.
A daily close above 149.20 level indicates short-term potential to reach the February peak at around 150.84, with the 2022 peak at 151.95 also in sight.
The RSI is showing...
USDJPY broke above resistance at around 149.75 extending its uptrend that weas confirmed when closing above 148.80
Trading around the 1.618 projection of the latest correction there is no strong resistance until the 2022 peak at around 152
To demolish this bullish picture a close below 148.80 is needed
Kim Cramer Larsson
Technical Analyst
Summary: US Indices resumed uptrend Friday lifted by huge jump in large caps. Technical patterns are indicating higher Index levels while Indicators are sending mixed signals. The trend is your friend - for now.
The S&P 500 forgot all about being in correction mode and propelled higher on Friday, lifted mainly by Meta, Amazon and Nvidia.
The uptrend has...
Summary: Gold was rejected once again at key resistance of 2,064. However, all indicators are suggesting higher Gold prices ahead. A close above this level will pave the road towards previous all-time high
Gold XAUUSD was yesterday rejected once again at the 2,064 resistance, and fell back below this 0.618 retracement.
However, the RSI still shows positive...
NASDAQ - Intraday - We look to Buy at 10684 (stop at 10484)
Trades at the lowest level in 30 days.
Bespoke support is located at 10684.
The medium term bias remains bullish.
A Fibonacci confluence area is located at 13322.
Our profit targets will be 11337 and 13322
Resistance: 11337 / 11552 / 13322
Support: 10800 / 10684 / 10427
Disclaimer – Saxo Bank...
Sanofi - 30d expiry - We look to Buy a break of 88.01 (stop at 84.48)
Previous resistance level of 88 broken.
Our short term bias remains positive.
Previous resistance, now becomes support at 88.
50 1day EMA is at 86.97.
Support is located at 88 and should stem dips to this area.
Daily signals are mildly bullish.
Our profit targets will be 96.72 and 97.72...
ASX200 - 21h expiry - We look to Buy at 7000 (stop at 6960)
Selling pressure from 7171 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
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...
Cloudflare - 30d expiry - We look to Sell at 52.98 (stop at 56.11)
Our short term bias remains negative.
Daily signals are bearish.
The medium term focus remains bearish and intraday rallies continue to find sellers.
The trend of lower highs is located at 54.00.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Levels close to...
Ageas - 30d expiry - We look to Sell a break of 40.19 (stop at 41.42)
The primary trend remains bearish.
We are trading at overbought extremes.
A break of the recent low at 40.28 should result in a further move lower.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Our profit targets will be 37.11 and 36.51
Resistance: 42.65...
Beyond Meat - 30d expiry - We look to Sell at 16.18 (stop at 17.45)
The primary trend remains bearish.
This stock has seen poor sales growth.
Price action continued to range between key support & resistance (12 - 16) and we expect this to continue.
Preferred trade is to sell into rallies.
16 continues to hold back the bulls.
The bias is to break to the...
US500 - Intraday - We look to Sell at 3909 (stop at 3963)
A Fibonacci confluence area is located at 3776.
An overnight positive theme in Equities has led to a higher open this morning.
Intraday, and we are between bespoke support and resistance 3893-3503.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be...
Delivery Hero - 30d expiry - We look to Buy at 31.66 (stop at 29.69)
We have a 78.6% Fibonacci pullback level of 31.00 from 23.88 to 57.16.
Levels below 32 continue to attract buyers.
The primary trend remains bearish. A higher correction is expected.
Support is located at 31 and should stem dips to this area.
Our profit targets will be 36.58 and 37.58...
