USDCAD
Intraday - We look to Buy at 1.3750 (stop at 1.3690)
Previous support located at 1.3800. Previous resistance located at 1.3850. 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 1.3870 and 1.3900
Resistance: 1.3850 / 1.3870 /...
On H4, the price is above ichimoku cloud and retesting the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 93.491, which is in line with the 38.2% fibonacci retracement and overlap support to the take profit at 103.154, where the overlap resistance is. Alternatively, the price may...
CNO FINANCIAL GROUP
Intraday - We look to Buy a break of 19.37 (stop at 18.43)
Daily signals are mildly bullish. Price action has continued to range within a triangle formation. The bias is to break to the upside. A break of resistance at 19.35 should lead to a more aggressive move higher towards 21.00.
Our profit targets will be 21.51 and 23.00...
XRP
Intraday - We look to Sell at 0.5239 (stop at 0.5401)
Bespoke resistance is located at 0.5250. 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. Bearish divergence can be seen on the 4 hour chart (the...
EURGBP
I ntraday - We look to Buy at 0.8750 (stop at 0.8685)
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 tight stop in anticipation of a move back higher.
Our profit targets will be 0.8935 and 0.8960...
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...
On H4, with the price moving above the ichimoku cloud and crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 93.491, which is in line with the 38.2% fibonacci retracement and overlap support to the take profit at 103.154, where the overlap resistance is. Alternatively, the price may drop to the stop loss...
On the H4 chart, the overall bias for DJI is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Overnight, price has continued to consolidate around the 29650 area where the previous swing low is located. Looking for a sell entry at 30033.46 where the 23.6% Fibonacci line is located. There is a market gap near...
On H4, the price is breaking the ichimoku cloud moving in a descending trend hence we are bearish bias. we're looking for a pull back sell entry at 1.1044 level where the 38.2% retracement sits to take profit at 1.0612 where the 78.6% retracement and 61.8% projection sits. the stop loss is placed at 1.1446 level where the previous swing high sits
Please be...
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...
