WTI (USOUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 86.216
Why we like it:
There is an overlap resistance level
Stop Loss: 88.140
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level
Take Profit: 83.803
Why we like...
Procter and Gamble Co - 30d expiry - We look to Buy at 142.52 (stop at 138.52)
The primary trend remains bullish.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
The previous swing low is located at 141.90.
141.90 has been pivotal.
Preferred trade is to buy on dips.
This...
Bitcoin - 24h expiry - We look to Buy at 27300 (stop at 27000)
Short term bias has turned positive.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Expect trading to remain mixed and volatile.
Previous resistance at 27231 now becomes support.
Bias is mildly bullish today but we need to see a...
GBPAUD - 24h expiry - We look to Buy at 1.9100 (stop at 1.9020)
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9200 will confirm the bullish momentum.
Short term RSI is moving higher.
Our profit targets will be 1.9300 and 1.9350
Resistance: 1.9200...
NIK225 - Intraday - We look to Buy at 31250 (stop at 31000)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 31251. The hourly chart technicals suggests...
NORTHERN OIL AND GAS - 60d expiry - We look to Sell at 39.40 (stop at 41.60)
Posted a Double Top formation. The overnight rally was sold into and follow through bearish momentum resulted in prices posting net daily losses. Trades at the lowest level in 10 weeks. In line with the possible early stages of a head & shoulders pattern and the strong rejection of...
JPMorgan Chase - 30d expiry - We look to Buy at 150.35 (stop at 146.75)
The primary trend remains bullish.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Daily signals are bullish.
A break of the recent high at 150.25 should result in a further move...
XRP - 24h expiry - We look to Sell a break of 0.4848 (stop at 0.4948)
Trades with a bearish descending triangle formation.
0.4873 has been pivotal.
The bias is to break to the downside.
Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
A break of the recent low at 0.4873 should result in a further move lower....
HS50 - 24h expiry - We look to Buy at 17378 (stop at 17178)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a...
The Kiwi (NZD/USD) is rising towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59853
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 0.60152
Why we like it:
There is a multi-swing-high resistance level
Take Profit: 0.59026
Why we...
WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 92.946
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 88.535
Why we like it:
There is a pullback support level
Take Profit: 97.965
Why we like...
GBPJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 182.680
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 184.271
Why we like it:
There is a pullback resistance that lies beyond the 61.8% Fibonacci retracement...
CADJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 110.216
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 109.891
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement...
Amazon - 30d expiry - We look to Sell a break of 123.86 (stop at 129.66)
Short term bias has turned negative.
Short term momentum is bearish.
The trend of higher intraday lows has also been broken.
125.92 has been pivotal.
Our bespoke support of 126.00 has been clearly broken.
A break of the recent low at 124.13 should result in a further move lower.
Our...
Ethereum - 24h expiry - We look to Buy at 1567 (stop at 1535)
Short term momentum is bullish.
A lower correction is expected.
Support is located at 1560 and should stem dips to this area.
We look to buy dips.
1561 has been pivotal.
Our profit targets will be 1647 and 1667
Resistance: 1620 / 1640 / 1666
Support: 1600 / 1580 / 1561
Please be advised that...
NZDJPY - 24h expiry- We look to Buy at 88.25 (stop at 87.75)
The correction lower is assessed as being complete.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.50 will confirm the bullish momentum.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the...
NZDJPY is trading close to an overlap support and could potentially bounce higher towards our take profit target.
Entry: 88.283
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 87.793
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
Take Profit:...
Gold (XAU/USD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1903.16
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 1915.30
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci...
