HS50 - 24h expiry - We look to Sell at 18585 (stop at 18785)
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
XRP - 24h expiry - We look to Sell at 0.6219 (stop at 0.6519)
Our short term bias remains negative.
Our bespoke support of 0.6170 has been clearly broken.
Previous support at 0.6200 now becomes resistance.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.6230.
Our profit targets will be 0.5519 and 0.5419
Resistance: 0.6050 / 0.6200 /...
EURUSD is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.09431
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.09995
Why we like it:
There is a pullback resistance that sits above the 61.8% Fibonacci retracement...
GBPUSD is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.27793
Why we like it:
There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and 78.6% projection levels
Stop Loss: 1.28160
Why we like it:
There is an overlap...
USDJPY is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 144.898
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 143.873
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci...
NZDUSD is rising towards an overhead resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59926
Why we like it:
There is an overlap resistance that aligns close the 8.2% Fibonacci retracement level
Stop Loss: 0.60309
Why we like it:
There is an overlap resistance that sits above the 50.0% Fibonacci retracement...
EURJPY is potentially breaking through the recent swing-high. Could bullish momentum carry price up towards our take profit target?
Entry: 159.204
Why we like it:
Price is potentially breaking above a swing-high resistance
Stop Loss: 157.994
Why we like it:
There is an overlap support level
Take Profit: 160.775
Why we like it:
There is a resistance level that...
GBPUSD rising towards the 61.8% Fibonacci resistance level and potentially reverse from here to drop lower towards our take profit target.
Entry: 1.27387
Why we like it:
There is a resistance level that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1.27793
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci...
EURUSD rising towards a confluence of Fibonacci resistance levels and potentially reverse from here to drop lower towards our take profit target.
Entry: 1.09620
Why we like it:
There is a confluence of Fibonacci levels i.e. the 50.0% retracement and 61.8% projection levels
Stop Loss: 1.09995
Why we like it:
There is a pullback resistance that sits above the...
NZDUSD could rise again towards an overhead resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59851
Why we like it:
There is an overlap resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.60309
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci...
XRP - 24h expiry - We look to Sell a break of 0.6168 (stop at 0.6468)
Our short term bias remains negative.
0.6200 continues to hold back the bears.
A break of the recent low at 0.6170 should result in a further move lower.
The bias is to break to the downside.
We are trading at overbought extremes.
Our profit targets will be 0.5468 and 0.5408...
NIK225 - 24h expiry - We look to Buy at 31770 (stop at 31475)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading 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.
The hourly chart technicals...
Target - 30d expiry - We look to Buy a break of 138.53 (stop at 131.53)
This stock has seen good sales growth.
138.28 has been pivotal.
A break of the recent high at 138.28 should result in a further move higher.
Bullish divergence is expected to support prices.
The bias is to break to the upside.
Our profit targets will be 156.53 and 159.53
Resistance:...
Bitcoin (BTCUSD) is rising toward an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 29654.12
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 30085.41
Why we like it:
There is a swing-high resistance
Take Profit: 28922.00
Why we like...
USDCHF is close to 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% Fibonacci...
Gold (XAUUSD) has bounced off an overlap support level to move higher. We could see bullish momentum carry price up to our take profit target.
Entry: 1910.33
Why we like it:
There is an overlap support level
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 level that aligns close...
USOUSD is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 80.693
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 78.913
Why we like it:
There is an overlap support that aligns close to the 127.2% Fibonacci...
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...
