Procter and Gamble Co - 30d expiry - We look to Sell a break of 135.66 (stop at 139.66)
Trading within a Corrective Channel formation.
There is no clear indication that the downward move is coming to an end.
Daily signals are bearish.
135.83 has been pivotal.
A break of the recent low at 135.83 should result in a further move lower.
Our outlook is bearish....
EURJPY - Intraday - We look to Sell at 145.35 (stop at 145.70)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 145.57.
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...
HS50 - 24h expiry - We look to Sell at 21020 (stop at 21245)
Buying pressure from 20525 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further...
Apple - 30d expiry - We look to Buy a break of 157.65 (stop at 152.04)
This is curremtly an actively traded stock. 157.50 has been pivotal.
Short term momentum is bullish.
A break of the recent high at 157.38 should result in a further move higher.
Our outlook is bullish.
The primary trend remains bullish.
Our profit targets will be 171.65 and 173.65...
XRP - 24h expiry - We look to Sell at 0.3838 (stop at 0.3898)
Trend line resistance is located at 0.3845.
Daily signals are bearish.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
We are trading at oversold extremes.
Our profit targets will be 0.3688 and 0.3658
Resistance: 0.3640 / 0.3700 / 0.3780
Support: 0.3600 / 0.3528 /...
Litecoin - 24h expiry - We look to Sell a break of 85.77 (stop at 88.27)
Short term momentum is bearish.
There is no indication that the selloff is coming to an end.
A break of the recent low at 85.93 should result in a further move lower.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Our profit targets will...
Alcoa Corporation - 30d expiry - We look to Buy a break of 58.33 (stop at 53.81)
There is no clear indication that the upward move is coming to an end.
Daily signals are bullish.
The previous swing high is located at 58.24.
A break of the recent high at 57.61 should result in a further move higher.
The primary trend remains bullish.
Our profit targets will...
General Motors Company - 30d expiry - We look to Buy at 33.34 (stop at 31.54)
The trend of higher lows is located at 33.30.
Short term momentum is bearish.
Prices expected to stall near trend line support.
Expect trading to remain mixed and volatile.
Preferred trade is to buy on dips.
Our profit targets will be 37.84 and 38.84
Resistance: 40.00 / 41.50 /...
CHN50 - 24h expiry - We look to Buy at 13350 (stop at 13245)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The 50% Fibonacci retracement is located at 13357 from 13116 to 13599.
Further upside is expected although we prefer to buy into dips close to the 13350 level....
XRP - 24h expiry - We look to Buy at 0.3716 (stop at 0.3636)
We are trading at oversold extremes.
Levels below 0.3700 continue to attract buyers.
We look to buy dips.
We look for a temporary move lower.
Bullish divergence is expected to support prices.
Our profit targets will be 0.3916 and 0.3966
Resistance: 0.3830 / 0.3850 / 0.3900
Support: 0.3760 /...
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:...
NIK225 - 24h expiry - We look to Sell at 27700 (stop at 27850)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
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...
XCUUSD - Intraday - We look to Buy at 4.074 (stop at 4.034)
The 50% Fibonacci retracement is located at 4.087 from 4.237 to 3.937.
Prices have reacted from 3.936.
Daily signals are mildly bullish.
Short term momentum is bullish.
A lower correction is expected.
Our profit targets will be 4.174 and 4.194
Resistance: 4.130 / 4.150 / 4.175
Support: 4.100 /...
NIK225 - 24h expiry - We look to Buy at 27280 (stop at 27140)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at overbought extremes.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a...
XRP - 24h expiry - We look to Buy a break of 0.3801 (stop at 0.3721)
We are trading at oversold extremes.
Price action remained contained in a narrow range yesterday.
A break of the recent high at 0.3792 should result in a further move higher.
The bias is to break to the upside.
Expect trading to remain mixed and volatile.
Our profit targets will be 0.4001...
Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, the price is also along an ascending trendline.
Looking for a pullback buy entry at 134.189 where the overlap support is, take profit at 142.047 where the overlap resistance is, and...
Looking at the H4 chart, my overall bias for AUDUSD is bullish as the current price is below the Ichimoku Cloud. Looking for a pullback buy entry at 1.35182 where the recent overlap support is. We are looking to take profit at 1.37014 where the overlap resistance and 61.8% Fibonacci line are, Stop loss will be placed at 1.34428 where the recent overlap swing low...
Looking at the H4 chart, my overall bias for DAX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy stop entry at 15677.77, where the recent high is to ride the bullish momentum. Stop loss will be at 15269.71, where the overlap support and 50% Fibonacci line is. Take profit will be at 16285.35, where...
