Herbalife Nutrition
Short Term - We look to Sell at 24.72 (stop at 26.71)
Price action has formed an expanding wedge formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected.
Our profit targets will be 19.00 and 17.00
Resistance: 25.00 / 37.50 /...
EURUSD
Intraday - We look to Sell at 1.0245 (stop at 1.0298)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. A firmer opening is expected to challenge bearish resolve. Resistance is located at 1.0250 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 1.0100 and...
On the H4, with price breaking the ascending trend channel, we have a bearish bias that price will drop from the sell entry at 0.68724, where the 50% fibonacci retracement is to the take profit at 0.67653 where the swing low and 78.6% fibonacci retracement are. Alternatively, price may reverse off sell entry and rise to the stop loss at 0.70512 at 61.8% fibonacci...
On the H4, price is bearish biased and moving strongly in an ascending trendline. It is still respecting the Ichimoku indicator, and has already broken the key support level at 131.527. The chart has confirmed a strong downside sell entry at 133.937 which coincides with 50% Fibonacci retracement. Stop loss at 61.8% retracement level 134.667 and take profit at...
On the H4, with prices going along the ascending trendline, we have a bullish bias that price may rise from the buy entry at 1755.254, which is in line with the 78.6% fibonacci projection to take profit at 1787.591 where the the 127.2% projection and 50% fibonacci retracement are. If the price keeps going up, it may reach the resistance at 1805.421, which is in...
On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise from buy entry at 13365.29 in line with overlap support to the take profit at 13824.49 where the 61.8% fibonacci retracement, 127.2% fibonacci extension and 78.6% fibonacci projection are. Alternatively, price could break entry...
XRP
Intraday - We look to Sell a break of 0.3588 (stop at 0.3666)
Short term momentum is bearish. Daily signals are bearish. A break of the recent low at 0.3590 should result in a further move lower. We look for losses to be extended today.
Our profit targets will be 0.3401 and 0.3351
Resistance: 0.3700 / 0.3800 / 0.3900
Support: 0.3600 / 0.3500 /...
Uber Technologies
Short Term - We look to Buy at 25.07 (stop at 21.38)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported better than expected earnings which is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential...
GBPCHF
Intraday - We look to Sell at 1.1690 (stop at 1.1726)
We look to sell rallies. Previous resistance located at 1.1690. There is scope for mild buying at the open but gains should be limited. Choppy price action seen.
Our profit targets will be 1.1532 and 1.1455
Resistance: 1.1690 / 1.1758 / 1.1990
Support: 1.1570 / 1.1527 / 1.1450
Please be...
On the H4, with the price going along the descending channel, we have a bearish bias that the price may drop from our sell entry at 102.211, which is in line with the 38.2% fibonacci retracement to our take profit at 95.756, which is in line with the swing low. Alternatively, the price may rise to the stop loss at 109.049, which is in line with the overlap...
On the H4, with the price going along the descending trendline, we have a bearish bias that the price may drop from our sell entry at 1.28591, which is in line with swing lows to our take profit at 1.27698, which is in line with the swing low. Alternatively, the price may rise to the stop loss at 1.29393, which is in line with the overlap resistance and 38.2%...
On the H4, with price moving above the ichimoku indicator and within an ascending channel, we have a bullish bias that price will rise from our buy entry at 4114.650 where the pullback support is to the take profit at 4177.510 where the swing high resistance and 100% fibonacci projection are. Alternatively, price could break entry structure and drop to stop loss...
Bitcoin
Intraday - We look to Sell at 24098 (stop at 24611)
Trading within a Corrective Channel formation. A Doji style candle has been posted from the high. Bearish divergence is expected to cap gains. We look for a temporary move higher. Trend line support is located at 21300. A lower correction is expected.
Our profit targets will be 22802 and 22202...
Activision
Short Term - We look to Buy at 79.10 (stop at 76.16)
A bullish reverse Head and Shoulders has formed. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Previous resistance at 79.00 now becomes support. Further upside is expected although we prefer to set longs at our...
On the H4, with price going along the ascending trendline, RSI showing an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.63240 at the overlap resistance in line with the 78.6% fibonacci retracement to the take profit at 0.63963 at the swing high. Alternatively, price may reverse off the...
On the H4, with the price going along the descending trendline, we have a bearish bias that the price may drop from our sell entry at 1.28140, which is in line with swing low to our take profit at 1.27688, which is in line with the 161.8% fibonacci extension. Alternatively, the price may rise to the stop loss at 1.29516, which is in line with the overlap...
On the H4, with prices moving within an ascending channel and respecting the Ichimoku cloud, we are bullish bias. Price is moving towards 1.219 where the overlap support is. Once there is upside confirmation, we would expect bullish momentum to carry price to 1.231. Alternatively, price could drop to 1.200 where the 23.6% Fibonacci extension and pullback support...
GBPUSD
Intraday - We look to Sell at 1.2300 (stop at 1.2380)
Daily signals for sentiment are at overbought extremes. 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 downtrend returns. Preferred trade is to sell into...
