USDJPY could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 146.150
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 144.537
Why we like it:
There is a multiple swing-low support level
Take Profit: 149.178
Why we like it:
There...
GBPUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.25278
Why we like it:
There is an overlap resistance level
Stop Loss: 1.25839
Why we like it:
There is an overlap resistance level that aligns beyond the 38.2% Fibonacci retracement level
Take Profit: 1.24457
Why we like...
CHFJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 165.734
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 166.581
Why we like it:
There is a multiple swing-high resistance
Take Profit: 164.040
Why we like...
GBPAUD - 24h expiry - We look to Sell at 1.9500 (stop at 1.9570)
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.9400 will confirm the bearish momentum.
The RSI is trending lower.
Our profit targets will be 1.9320 and 1.9270...
XRP - 24h expiry - We look to Buy a break of 0.4801 (stop at 0.4641)
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Prices have reacted from 0.4550.
Bullish divergence is expected to support prices.
The bias is to break to the upside.
A Morning Doji Star formation has been posted at the low....
General Motors Company - 30d expiry - We look to Buy a break of 34.33 (stop at 32.53)
Price action looks to be forming a bottom.
Bullish divergence is expected to support prices.
Posted a Double Bottom formation.
The bias is to break to the upside.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
Our profit targets will be...
SP500 is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 4529.64
Why we like it:
There is an overlap resistance
Stop Loss: 4605.64
Why we like it:
There is a swing-high resistance that aligns with the 161.8% Fibonacci extension level
Take Profit: 4433.09
Why we like it:
There is a...
Ethereum (ETHUSD) could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 1616.65
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1671.46
Why we like it:
There is a swing-high resistance
Take Profit: 1540.08
Why we like...
The Kiwi (NZDUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59444
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.60148
Why we like it:
There is a swing-high resistance
Take Profit: 0.58590
Why we like...
GBPUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.25346
Why we like it:
There is an overlap resistance
Stop Loss: 1.25887
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Take Profit: 1.24457
Why we like it:
There is a...
Alcoa Corporation - 30d expiry - We look to Sell at 32.65 (stop at 35.05)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
Previous support at 32.50 now becomes resistance.
This stock has seen poor sales growth.
The sequence for trading is lower lows and highs.
Our...
Litecoin - 24h expiry - We look to Sell at 62.16 (stop at 64.56)
Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
50 4hour EMA is at 62.31.
Our profit targets will be 56.16 and 54.16
Resistance: 61.16 / 62.50 /...
EURAUD - 24h expiry - We look to Sell at 1.6750 (stop at 1.6800)
There is no clear indication that the downward move is coming to an end.
The current move lower is expected to continue.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.6650 will confirm the bearish momentum.
The measured move target is 1.6550.
Our profit...
WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 86.176
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 83.321
Why we like it:
There is an overlap support level that aligns close to the 50.0%...
Gold (XAUUSD) could rise towards an overlap resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 1930.73
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1944.92
Why we like it:
There is an overlap resistance
Take Profit: 1912.45
Why we like it:
There is...
The Aussie (AUDUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.64398
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.65087
Why we like it:
There is a multiple swing-high resistance
Take Profit:...
DXY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 104.403
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 103.741
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement...
Bristol-Myers Squibb Co - 30d expiry - We look to Sell at 62.98 (stop at 65.08)
There is no clear indication that the downward move is coming to an end.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
We look for a temporary move higher.
Previous support at 63 now becomes...
