On the H4, with the price breaking the ascending channel , we have a bearish bias that the price may drop from our sell entry at 1.29215, which is in line with 23.6% fibonacci retracement to our take profit at 1.28190, which is in line with the swing lows. Alternatively, the price may rise to the stop loss at 1.29848, which is in line with the close swing high...
USDCAD
Intraday - We look to Buy at 1.2900 (stop at 1.2840)
Previous support located at 1.2900. Previous resistance located at 1.2950. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum.
Our profit targets will be 1.3050 and 1.3100
Resistance:...
On the H4, with price breaking out of the descending trend channel, moving in a short term ascending support and moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 0.62081 at the overlap support. If price breaks the intermediary resistance at 0.62707 at the swing high in line with the 61.8% fibonacci retracement and 100%...
On the H4, with price broken out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will rise and drop from our sell entry at 136.716 where the overlap resistance is to the take profit at 134.801 where the swing low support and 61.8% fibonacci retracement are. Alternatively, price could break entry structure and...
XRP
Intraday - We look to Sell a break of 0.3479 (stop at 0.3581)
Daily signals are mildly bearish. Bespoke support is located at 0.3500. A break of 0.3480 is needed to confirm follow through negative momentum. 50 4hour EMA is at 0.3545.
Our profit targets will be 0.3215 and 0.3115
Resistance: 0.3700 / 0.3800 / 0.3900
Support: 0.3600 / 0.3500 / 0.3400
...
Zoom
Short Term - We look to Buy at 104.20 (stop at 97.89)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Dip...
On the H4, with the price breaking the ascending trendline, moving along the descending trend, and below ichimoku cloud, we have a bearish bias that the price may drop from our sell entry at 1.28482, which is in line with 127.2% fibonacci extension to our take profit at 1.27725, which is in line with 161.8% fibonacci extension. Alternatively, the price may rise to...
On the H4, with price breaking the bullish channel , moving along the descending channel and crossing over the the ichimoku indicator, we have a bearish bias that price might drop from our sell entry at 0.96522, which is in line with the 61.8% fibonacci retracement to our take profit at 0.95835, which is in line with 78.6% fibonacci retracement . Alternatively,...
GBPJPY
Intraday - We look to Buy at 164.50 (stop at 163.600)
Buying pressure from 162.00 resulted in prices rejecting the dip. The current move higher is expected to continue. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher....
On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1.20509 where the swing high resistance is. Once there is upside confirmation that price has broken the buy entry, we would expect bullish momentum to carry prices to take profit at 1.21764 where the swing high...
Bitcoin
Intraday - We look to Buy at 22002 (stop at 21388)
Our short term bias remains positive. Dip buying offers good risk/reward. 50 4hour EMA is at 21950. Bespoke support is located at 22000.
Our profit targets will be 23488 and 23888
Resistance: 23000 / 24000 / 24300
Support: 22500 / 22000 / 21500
Please be advised that the information presented on...
AT&T
Short Term - We look to Sell at 20.41 (stop at 20.92)
Posted a Double Top formation. This is negative for sentiment and the downtrend has potential to return. There is scope for mild buying at the open but gains should be limited. Resistance is located at 20.50 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit...
On the H4, with the price breaking the ascending trendline, the price may drop from our sell entry at 1.29455, which is in line with 127.2% fibonacci retracement to our take profit at 1.27705, which is in line with 161.8% fibonacci retracement. Alternatively, the price may rise to the stop loss at 1.29455, which is in line with the 23.6% fibonacci retracement and...
On the H4, with price breaking the bullish channel, moving along the descending channel and crossing over the the ichimoku indicator, we have a bearish bias that price might drop from our sell entry at 0.97831 where the pullback resistance is to our take profit at 0.96789, which is in line with the close swing low. Alternatively, price may break the resistance...
On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel, we have a bullish bias that price will continue to rise from the 1st support at 1.01865 at the overlap support. If price breaks above the intermediary resistance at 1.02527 in line with the 100% fibonacci projection, we have upside confirmation that price will...
EURUSD
Intraday - We look to Sell at 1.0278 (stop at 1.0342)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. Resistance is located at 1.0280 and should cap gains to this area. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.0085 and 1.0050...
On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.430 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.801 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss...
Ethereum
Intraday - We look to Buy a break of 1633 (stop at 1578)
Our short term bias remains positive. Short term momentum is bullish. Daily signals are mildly bullish. There is no indication that the rally is coming to an end. A break of the recent high at 1630 should result in a further move higher.
Our profit targets will be 1768 and 1808
Resistance:...
