AUDUSD is approaching a key resistance and potentially reverse from this level. We could see the momentum carry price down to our take profit target.
Entry: 0.66949
Why we like it:
There is an overlap resistance
Stop Loss: 0.67300
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement
Take Profit: 0.66191
Why we like...
Bitcoin - 24h expiry - We look to Sell at 29130 (stop at 29650)
Levels above 28700 continue to attract sellers.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be...
NIK225 - 24h expiry - We look to Sell at 28135 (stop at 28340)
Buying pressure from 27458 resulted in prices rejecting the dip.
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the...
Cisco Systems - 30d expiry - We look to Buy at 49.75 (stop at 47.75)
Daily signals are bullish.
The sequence for trading is higher highs and lows.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look to buy dips.
Previous resistance at 50 now becomes support.
Trading close to...
USDCHF is approaching a key resistance and potentially reverse from this level. We could see the momentum carry price down to our take profit target.
Entry: 0.90852
Why we like it:
There is an overlap resistance that aligns with the 23.6% Fibonacci retracement
Stop Loss: 0.91359
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci...
EURGBP is close to a key resistance and potentially reverse from this level. We could see the momentum carry price down to our take profit target.
Entry: 0.87902
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement
Stop Loss: 0.88266
Why we like it:
There is an overlap resistance
Take Profit: 0.87550
Why we like...
ETHUSD could bounce off a key support and we could see the momentum carry price up to our take profit target.
Entry: 1847.22
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement
Stop Loss: 1794.64
Why we like it:
There is an overlap support
Take Profit: 1943.64
Why we like it:
There is a recent swing-high...
DXY is heading towards a key resistance and potentially reverse from this level. We could see the momentum carry price down to our take profit target.
Entry: 102.375
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement
Stop Loss: 103.002
Why we like it:
There is an overlap resistance
Take Profit: 101.255
Why we like...
New York Times Co - 30d expiry - We look to Buy at 36.73 (stop at 35.27)
We have a 61.8% Fibonacci pullback level of 36.74 from 27.59 to 42.40.
Intraday signals are bullish.
Preferred trade is to buy on dips.
Previous resistance at 37.00 now becomes support.
This stock has seen good sales growth.
Our profit targets will be 40.38 and 40.98
Resistance:...
NZDJPY - 24h expiry - We look to Buy at 82.00 (stop at 81.40)
Previous support located at 82.00.
Previous resistance located at 83.00.
With signals for sentiment at oversold extremes, the dip could not be extended.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 83.20 and 83.50...
BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88)
Intraday signals are bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
620 has been pivotal.
A break of the recent low at 620 should result in a further move lower.
This stock has recently been in the news headlines.
Our profit targets will...
BTCUSD is heading towards a key resistance and potentially reverse from this level. We could see the momentum carry price down to our take profit target.
Entry: 28784.00
Why we like it:
There is an overlap resistance
Stop Loss: 29380.00
Why we like it:
There is a recent swing-high
Take Profit: 26533.00
Why we like it:
There is an overlap support
Please be...
NZDUSD is falling towards a key support and potentially bounce off this level. We could see the momentum carry price up to our take profit target.
Entry: 0.62699
Why we like it:
There is an overlap support that aligns close to the 61.8% Fibonacci retracement
Stop Loss: 0.62028
Why we like it:
There is an overlap support
Take Profit: 0.63650
Why we like...
ETHUSD is falling towards a key support and potentially bounce off this level. We could see the momentum carry price up to our take profit target.
Entry: 1846.00
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement
Stop Loss: 1742.50
Why we like it:
There is an overlap support
Take Profit: 1943.64
Why we like...
AUDUSD is falling towards a key support and potentially bounce off this level. We could see the momentum carry price up to our take profit target.
Entry: 0.66724
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement
Stop Loss: 0.66402
Why we like it:
There is an overlap support
Take Profit: 0.67660
Why we like...
CHN50 - 24h expiry - We look to Buy at 13045 (stop at 12975)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 13369.
Price action looks to be forming a top.
A lower correction is expected.
Short term bias is mildly bullish.
We therefore, prefer to fade into the dip with a tight stop in...
Advanced Micro Devices - 30d expiry - We look to Sell a break of 92.69 (stop at 98.08)
Posted a Double Top formation.
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.
This is currently an actively traded stock....
Ethereum - 24h expiry - We look to Buy at 1834 (stop at 1784)
Although the market broke to the upside in early trade, bespoke resistance at 1920 capped the gains.
A lower correction is expected.
Previous resistance at 1835 now becomes support.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 1964 and 1984
Resistance: 1919 / 1940...
