CHN50 - 24h expiry
Selling posted in Asia.
The current move lower is expected to continue.
Short term bias has turned positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 13200 level.
We look to Buy at 13205 (stop at 13125)...
GER40 - 24h expiry - We look to Buy at 15921 (stop at 15841)
Daily signals are bullish.
The primary trend remains bullish.
Previous resistance at 15900 now becomes support.
We are trading at overbought extremes.
A lower correction is expected.
We look to buy dips.
Our profit targets will be 16121 and 16171
Resistance: 16010 / 16100 / 16200
Support:...
USDCAD could approach a key resistance level and reverse from here. We could see price move down to our take profit target.
Entry: 1.34220
Why we like it:
There is an overlap resistance close to the 38.2% Fibonacci retracement
Stop Loss: 1.35230
Why we like it:
There is an overlap resistance close to the 61.8% Fibonacci retracement
Take Profit: 1.33231
Why we...
DXY could approach a key resistance level and reverse from here. We could see price move down to our take profit target.
Entry: 101.965
Why we like it:
There is an overlap resistance that sits just above the 61.8% Fibonacci retracement
Stop Loss: 102.260
Why we like it:
There is an overlap resistance close to the recent swing-high
Take Profit: 101.136
Why we...
BTCUSD could fall towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 27154.00
Why we like it:
There is an overlap support at the recent swing-low
Stop Loss: 26707.00
Why we like it:
There is an overlap support that aligns just under the 38.2% Fibonacci retracement
Take Profit: 28575.00
Why...
DJ30 could fall towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 33254.50
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement
Stop Loss: 32937.35
Why we like it:
There is an overlap support that aligns just under the 50.0% Fibonacci...
HS50 - 24h expiry - We look to Sell at 20305 (stop at 20425)
We are trading at overbought extremes.
A Doji style candle has been posted from the high.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the...
Ethereum - 24h expiry - We look to Buy at 1831 (stop at 1781)
Daily signals are mildly bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Buying was posted yesterday but...
HP Inc - 30d expiry - We look to Buy at 28.36 (stop at 27.16)
Price action has formed a bullish ascending triangle formation.
The sequence for trading is higher highs and lows.
Trend line support is located at 27.90.
Previous resistance at 28.50 now becomes support.
A lower correction is expected. We look to buy dips.
Our profit targets will be 31.36 and...
XAUUSD could fall towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 1979.840
Why we like it:
There is an overlap support
Stop Loss: 1954.500
Why we like it:
There is an overlap support that aligns with the 127.2% Fibonacci expansion
Take Profit: 2032.110
Why we like it:
There is an overlap...
USDCHF is falling towards a recent swing-low and potentially bounce from here. We could see price move up to our take profit target.
Entry: 0.88199
Why we like it:
There is an overlap support at the recent swing-low
Stop Loss: 0.87757
Why we like it:
There is an overlap support that aligns with the -27.2% Fibonacci expansion
Take Profit: 0.89169
Why we like...
USDJPY could fall towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 133.747
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement
Stop Loss: 132.872
Why we like it:
There is an overlap support that aligns close to the 61.8% Fibonacci...
EURUSD could approach a key resistance level and reverse from here. We could see price move down to our take profit target.
Entry: 1.10956
Why we like it:
There is an overlap resistance
Stop Loss: 1.11833
Why we like it:
There is an overlap resistance
Take Profit: 1.09659
Why we like it:
There is an overlap support that aligns wit the 23.6% Fibonacci...
PayPal - 30d expiry - We look to Buy at 69.11 (stop at 65.31)
Levels below 69 continue to attract buyers. 67.58 has been pivotal.
66.39 has been pivotal.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to buy dips.
This stock has seen good sales growth.
Our profit targets will be 78.51 and 80.51...
Bitcoin - 24h expiry - We look to Sell at 29386 (stop at 29986)
Trend line resistance is located at 29400.
Expect trading to remain mixed and volatile. Intraday signals are mildly bearish.
We look for a temporary move higher.
Prices expected to stall near trend line resistance.
Our profit targets will be 27886 and 27686
Resistance: 29300 / 30000 /...
NZDUSD is falling towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 0.62647
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement
Stop Loss: 0.62202
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement
Take...
XAUUSD is falling towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 2032.045
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement
Stop Loss: 2009.850
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement
Take...
USDJPY could fall towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 133.596
Why we like it:
There is an overlap support
Stop Loss: 132.351
Why we like it:
There is an overlap support
Take Profit: 135.117
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci...
