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...
GBPUSD is falling towards a key support level and potentially reverse, we could see the momentum carry price up to our take profit target.
Entry: 1.24439
Why we like it:
There is an overlap support
Stop Loss: 1.23433
Why we like it:
There is an overlap support
Take Profit: 1.26144
Why we like it:
There is a 127.2% Fibonacci projection
Please be advised that...
DXY is rising towards a key resistance level and potentially reverse, we could see the momentum carry price down to our take profit target.
Entry: 102.030
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement
Stop Loss: 102.944
Why we like it:
There is an overlap resistance
Take Profit: 101.528
Why we like it:
There is...
EURUSD is pulling back towards a key support level and potentially reverse, we could see the momentum carry price up to our take profit target.
Entry: 1.09295
Why we like it:
There is an overlap support
Stop Loss: 1.08045
Why we like it:
There is an overlap support
Take Profit: 1.10328
Why we like it:
There is an overlap resistance at the swing-high
Please be...
GER30 is pulling back to a key support close to the 23.6% Fibonacci retracement. Price could hit our buy entry at 15484.75 and bounce off this level. Momentum could carry price up to our take profit at 15707.45 which is an overlap resistance. Stop loss is at 15256.08 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Please be advised...
NZDJPY - 24h expiry - We look to Buy at 82.90 (stop at 82.40)
Previous support located at 83.00.
Previous resistance located at 83.80.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 83.80 will confirm the bullish momentum.
Our profit targets will be 84.20...
General Motors Company - 30d expiry - We look to Buy at 33.55 (stop at 31.83)
Trend line support is located at 33.50.
A lower correction is expected.
We look to buy dips.
Prices expected to stall near trend line support.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
Our profit targets will be 37.84 and 38.74...
Litecoin - 24h expiry - We look to Buy a break of 95.51 (stop at 92.51)
Posted a Double Top formation.
There is no clear indication that the upward move is coming to an end.
Daily signals are mildly bullish.
95.69 has been pivotal.
A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 102.51 and 103.51
Resistance: 94.50 /...
XAUUSD is approaching a key resistance and could potentially reverse from this level. We could see the momentum carry price down to our take profit target.
Entry:
Why we like it: 1990.545
There is an overlap resistance that aligns with the 76.4% Fibonacci retracement
Stop Loss: 2009.85
Why we like it:
There is a swing-high resistance
Take Profit: 1946.305
Why...
DXY is approaching a key support and could potentially bounce from this level. We could see the momentum carry price up to our take profit target.
Entry:
Why we like it: 101.915
There is an overlap support
Stop Loss: 100.820
Why we like it:
There is a swing-low support that aligns with the -27.2% Fibonacci extension
Take Profit: 1.12497
Why we like it:
There...
