Advanced Micro Devices - 30d expiry - We look to Sell a break of 106.89 (stop at 114.09)
Daily signals for sentiment are at overbought extremes.
The lack of interest is a concern for bulls.
107.08 has been pivotal.
A break of bespoke support at 107, and the move lower is already underway.
Short-term momentum is bearish.
Our profit targets will be 88.89 and...
XRP - Intraday - We look to Sell at 0.6379 (stop at 0.6779)
Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
The bias is to break to the downside.
50 4hour EMA is at 0.6380.
Our profit targets will be 0.5379 and 0.5179
Resistance: 0.6320 / 0.6500 /...
GBPJPY is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 183.192
Why we like it:
There is a pullback support
Stop Loss: 182.527
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement level
Take Profit: 184.713
Why we like it:
There...
AUDUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.65080
Why we like it:
There is an overlap support
Stop Loss: 0.64651
Why we like it:
There is a swing-low support that aligns with the -27.2% Fibonacci expansion level
Take Profit: 0.65855
Why we like it:
There...
Gold (XAUUSD) is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1910.33
Why we like it:
There is an overlap support at the recent swing-low
Stop Loss: 1899.49
Why we like it:
There is a swing-low support
Take Profit: 1932.05
Why we like it:
There is an overlap resistance...
EURUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.09589
Why we like it:
There is an overlap support that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 1.09209
Why we like it:
There is an overlap support that aligns close to the 78.6% Fibonacci...
HS50 - 24h expiry - We look to Sell at 19695 (stop at 19875)
Buying pressure from 18979 resulted in prices rejecting the dip.
We are trading at overbought extremes.
Our short term bias remains negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Weekly pivot is at 19695.
Our profit targets will be...
Litecoin - 24h expiry - We look to Buy a break of 85.11 (stop at 82.11)
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
A break of yesterdays high would confirm bullish momentum.
Prices have reacted from 79.15.
The bias is to break to the upside.
Our profit targets will be 92.11 and 93.11
Resistance: 84.90 / 86.50 /...
Apple - 30d expiry - We look to Sell a break of 176.88 (stop at 182.88)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
There is no indication that the selloff is coming to an end.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 177 should result in a...
CADJPY is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 106.888
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 105.888
Why we like it:
There is a pullback support that aligns above the 61.8% Fibonacci...
AUDCAD is rising towards a key resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.87993
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 0.88657
Why we like it:
There is a pullback resistance that aligns beyond the -27.2% Fibonacci expansion...
USDCHF is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.87825
Why we like it:
There is an overlap resistance
Stop Loss: 0.88187
Why we like it:
There is a pullback resistance
Take Profit: 0.87113
Why we like it:
There is an overlap support that aligns close to the 38.2%...
GBPUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26995
Why we like it:
There is an overlap support that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 1.26204
Why we like it:
There is a swing-low support
Take Profit: 1.28160
Why we like...
Starbucks - 30d expiry - We look to Buy at 97.62 (stop at 94.94)
The primary trend remains bullish. 97 continues to hold back the bears.
Bespoke support is located at 97.50.
96.17 has been pivotal.
Offers ample risk/reward to buy at the market.
The daily chart technicals suggests further downside before the uptrend returns.
Our profit targets will be...
Bitcoin - 24h expiry - We look to Buy at 29555 (stop at 29055)
Short term bias has turned positive.
Support is located at 29600 and should stem dips to this area.
There is no clear indication that the upward move is coming to an end.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Daily signals...
GBPAUD - 24h expiry - We look to Buy at 1.9375 (stop at 1.9315)
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9500 will confirm...
Litecoin - 24h expiry - We look to Buy a break of 83.52 (stop at 80.52)
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
Dips continue to attract buyers.
Prices have reacted from 79.15.
The bias is to break to the upside.
Our profit targets will be 90.52 and 92.52
Resistance: 83.40 / 85.50 / 87.50
Support: 82.00 /...
NIK225 - 24h expiry - We look to Buy a break of 32430 (stop at 32190)
Selling posted in Asia.
Daily signals for sentiment are at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Indecisive price action has resulted in sideways congestion on the intraday chart....
