NORTHERN OIL AND GAS
Intraday - We look to Sell a break of 32.29 (stop at 34.86)
Our outlook is bearish. Price action has posted a Doji candle and confirms a possible stall in the recent move. Price continues to trade within the triangle formation. A break of 32.50 is needed to confirm follow through negative momentum.
Our profit targets will be 25.40 and...
Bitcoin
Intraday - We look to Buy at 18707 (stop at 18349)
Previous support located at 18700. A Morning Doji Star formation has been posted at the low. We look for a temporary move lower. We look to buy dips.
Our profit targets will be 19588 and 19988
Resistance: 19500 / 20000 / 20500
Support: 19000 / 18700 / 18500
P lease be advised that the...
AUDUSD
Intraday - We look to Sell at 0.6360 (stop at 0.6415)
We are trading at oversold extremes. A higher correction is expected. 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.
Our profit targets will be 0.6200 and 0.6000...
The general bias for DJI on the H4 chart is bearish . To add to this bias, the price is below the Ichimoku cloud , indicating a bearish market. Looking for a retracement sell entry at the market gap of 29672.85. To avoid missing out on trades, the sell entry is positioned at the very beginning of the market gap rather than at the top. Stop loss will be at...
On H4, with the price moving above the ichimoku cloud, combined with the reduction of supply, we have a bullish bias that the price may rise from the buy entry at 96.393, which is in line with the 23.6% fibonacci retracement to the take profit at 102.807, which is in line with the previous swing high. Alternatively, the price may drop to the stop loss at 93.374,...
On H4, with the price moving above the ichimoku cloud , we have a bullish bias that if the price can break the buy entry at 1.38266, where the previous swing high is, the price may rise to the take profit at 1.40315, which is in line with the -23.6% fibonacci extension. Alternatively, the price may drop to the stop loss at 1.36549, where the overlap support and...
CIGNA CORPORATION
Short Term - We look to Buy a break of 296.00 (stop at 288.02)
Price action continues to trade around the all-time highs. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 294.50. The bias is to break to the upside. A break of resistance at 296.00 should lead to a more...
Ethereum
Intraday - We look to Buy at 1271 (stop at 1239)
Support is located at 1260 and should stem dips to this area. We look to buy dips. We look for a temporary move lower. We are trading at oversold extremes. 1260 continues to hold back the bears.
Our profit targets will be 1348 and 1378
Resistance: 1350 / 1400 / 1450
Support: 1300 / 1280 /...
USDCAD
Intraday - We look to Buy at 1.3670 (stop at 1.3610)
Previous support located at 1.3700. Previous resistance located at 1.3750. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 1.3750 will confirm the bullish momentum.
Our profit targets...
The general bias for DJI on the H4 chart is bearish. To add to this bias, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a retracement sell entry at the market gap of 29672.85. To avoid missing out on trades, the sell entry is positioned at the very beginning of the market gap rather than at the top. Stop loss will be at 30454.46,...
On H4, with the price moving above the ichimoku cloud, combined with the reduction of supply, we have a bullish bias that the price may rise from the buy entry at 96.393, which is in line with the 23.6% fibonacci retracement to the take profit at 102.807, which is in line with the previous swing high. Alternatively, the price may drop to the stop loss at 93.374,...
We have a bullish bias on USDCHF on the H4 chart. Prices are trading above the Ichimoku cloud indicating a slightly bullish market. Looking for a break out buy entry at 0.9958 where the swing high,127.2% extension sits. The stop loss will be set at 0.9855, which is the previous low and the overlap support sits. Take profit will be at 1.0054, where the swing high...
On H4, the price is at corrective wave B, and showing a retracing trend. With the price is above ichimoku cloud , we could expect the price drop to the buy entry at 1.09160, which is in line with the 50% fibonacci retracement , and then rise to the take profit at 1.14804, where the swing high, 61.8% fibonacci retracement and the end of wave A sit. Alternatively,...
On the H4, price is moving within the descending trendline but in an ascending manner, with the price above ichimoku cloud , we are slightly bullish biased. We're looking for buy entry at 0.9797, where the 61.8% fibonacci retracement is and bounce off to take profit at 0.99208 where the overlap resistance sits. Alternatively, the overall bearish momentum could...
Microchip Technolog y
Short Term - We look to Buy at 65.63 (stop at 62.70)
Broken out of the triangle formation to the upside. A lower correction is expected. Reverse trend line support comes in at 64.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward.
Our profit targets will be 73.30 and 78.00
Resistance: 74.00 / 90.00 /...
Bitcoin
Intraday - We look to Buy a break of 20431 (stop at 19898)
Bias is mildly bullish today but we need to see a break of 20400 to confirm the upward pressure. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. We look for gains to be extended today.
Our profit targets will be 21699 and 21999...
AUDJPY
Intraday - We look to Buy at 92.25 (stop at 91.60)
Previous support located at 92.50. Previous resistance located at 93.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 93.75 and 94.00
Resistance: 93.00 / 93.75 /...
On H4, with the price moving above the ichimoku cloud, we have a bullish bias that if the price can break the buy entry at 1.38496, where the previous swing high is, the price may rise to the take profit at 1.40160, which is in line with the -23.6% fibonacci extension. Alternatively, the price may drop to the stop loss at 1.36849, where the overlap support...
