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...
GBPNZD - 20h expiry - We look to Buy at 1.9050 (stop at 1.8890)
Previous support located at 1.9100.
Previous resistance located at 1.9250.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9250 will confirm the bullish momentum.
Our profit targets will be 1.9420 and 1.9450
Resistance:...
Mastercard - 30d expiry - We look to Sell a break of 335.88 (stop at 345.02)
Trading has been mixed and volatile.
A break of the recent low at 336.02 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term bias has turned negative.
A higher correction is expected....
Axa - 30d expiry - We look to Sell a break of 25.89 (stop at 26.71)
We are trading at overbought extremes.
Short term bias has turned negative.
Short term MACD has turned negative.
The bearish engulfing candle on the daily chart is negative for sentiment.
There is no clear indication that the downward move is coming to an end.
A break of the recent low at...
NZDUSD - 21h expiry - We look to Buy at 0.6311 (stop at 0.6235)
Previous support located at 0.6350.
Previous resistance located at 0.6400.
Price action has continued to trend strongly lower and has stalled at the previous support near 0.6300.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6400 will confirm the bullish momentum....
NZDJPY - 21h expiry - We look to Buy at 85.75 (stop at 85.10)
Previous support located at 86.00.
Previous resistance located at 87.00.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 87.25 and 87.50
Resistance: 87.00 / 87.25 /...
Alphabet - 30d expiry - We look to Buy at 95.11 (stop at 91.82)
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 94.20.
Levels below 95 continue to attract buyers.
The primary trend remains bullish.
Dips continue to attract buyers.
Early pessimism is likely to lead to losses although extended attempts lower are expected to...
ArcelorMittal - 30d expiry - We look to Buy a break of 26.51 (stop at 25.56)
Daily signals are bullish.
26.47 has been pivotal.
Our short term bias remains positive.
The bias is to break to the upside.
There is no clear indication that the upward move is coming to an end.
We are trading within a Bullish Ascending Triangle formation.
Our profit targets...
Ethereum - 14h expiry - We look to Buy a break of 1312 (stop at 1269)
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
A break of the recent high at 1302 should result in a further move higher.
Price action looks to be forming a bullish flag/pennant.
We look for gains to be extended today.
Our profit...
Aegon - Intraday - We look to Sell a break of 4.578 (stop at 4.757)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The primary trend remains bearish.
Trading within a Corrective Channel formation.
A break of the recent low at 4.585 should result in a further move lower.
Trading has been mixed and...
NZDJPY - 22h expiry - We look to Buy at 85.75 (stop at 85.10)
Previous support located at 86.50.
Previous resistance located at 87.00.
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 87.00 will confirm the bullish momentum.
Our profit targets will...
Visa - 30d expiry - We look to Sell at 216.49 (stop at 223.41)
We are trading at overbought extremes.
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 exhausted bullish momentum, or at least a correction lower.
Bearish divergence is expected to cap gains.
We look for a...
Salesforce - 30d expiry - We look to Sell at 164.77 (stop at 172.51)
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
166.59 has been pivotal.
166 continues to hold back the bulls.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Our profit targets...
Moderna - 30d expiry - We look to Sell at 186.88 (stop at 198.38)
Price action continued to range between key support & resistance (120 - 190) and we expect this to continue.
Daily signals are mildly bearish.
Posted a Double Top formation.
An Evening Doji Star formation has been posted at the high.
We look for a temporary move higher.
Offers ample...
Lufthansa - 30d expiry - We look to Sell a break of 7.088 (stop at 7.422)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains. The primary trend remains bearish.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
A higher correction is expected.
A break of the recent low at 7.127 should...
Microsoft - 30d expiry - We look to Buy a break of 253.11 (stop at 243.98)
Prices have reacted from 213.43.
Posted a Double Top formation. 250.58 has been pivotal.
The previous swing high is located at 253.00.
A break of the recent high at 253.00 should result in a further move higher.
Short term momentum is bullish.
The bias is to break to the upside....
EasyJet - 30d expiry - We look to Buy at 353.1 (stop at 329.8)
A lower correction is expected.
Short term RSI is moving lower.
A higher correction is expected.
Bespoke support is located at 350.
We look to buy dips.
338 has been pivotal.
The 50 day moving average should provide support at 352.
Our profit targets will be 409.8 and 419.8
Resistance: 430...
