Bitcoin
Intraday - We look to Buy at 29404 (stop at 28798)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. 29232 has been pivotal. Expect trading to remain mixed and volatile. As this corrective sequence continues we look to set longs on a dip at better...
DOW30
Intraday - We look to Sell at 33420 (stop at 33755)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies.
Our profit targets will be 32470 and 31785...
With price moving in an ascending channel and above the ichimoku cloud, we have a bullish bias that price will rise to our take profit are where the 127.2% Fibonacci extension and 78.6% Fibonacci projection is from our entry. A further confirmation is to wait for price to break the 61.8% Fibonacci projection and horizontal swing high resistance for the buy entry....
With price breaking the ichimoku cloud, the 50% Fibonacci retracement level and ascending channel, we have bearish bias that price will drop to our take profit area of 1837 in line with the 61.8% Fibonacci projection and horizontal swing low. Alternatively, the breaks may be a fake out and price will rise to our stop loss at 1855 where the next horizontal...
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the sell entry at 0.64918 in line with the 61.8% fibonacci projection to the take profit at 0.62935 at the swing low in line with the 78.6% fibonacci retracement. Alternatively, price may reverse the entry and rise to the stop loss at 0.65654 in line with the...
USDJPY
Intraday - We look to Buy at 133.29 (stop at 132.49)
The primary trend remains bullish. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further upside is expected although we prefer to buy into dips close to the 133.00...
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our sell entry at 1.25474 where the swing high resistance is to the take profit at 1.24603 in line with the swing low support, 38.2% fibonacci retracement and 61.8% fibonacci retracement. Alternatively, prices may break entry structure and rise to stop loss...
Ethereum
Intraday - We look to Sell a break of 1698 (stop at 1751)
Daily signals are bearish. 1700 has been pivotal. Price action continues to gravitate towards crucial support levels with aggressive selling interest. A break of bespoke support at 1700, and the move lower is already underway.
Our profit targets will be 1572 and 1552
Resistance: 1800 /...
NASDAQ
Intraday - We look to Sell at 12850 (stop at 13035)
Buying pressure from 12410 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.
Our...
With price moving within our ascending channel and above the ichimoku cloud which is indicating bullish pressure, we are bias that price will rise to our take profit where the 61.8% Fibonacci projection and horizontal swing high resistance is from our entry of 121.58 in line with the 78.6% Fibonacci retracement area. Alternatively, price may head to our stop loss...
With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our entry where the horizontal swing high resistance is to our take profit where horizontal overlap support is. Alternatively, price may head to our take profit where the 78.6% Fibonacci retracement, 127.2% Fibonacci extension and 100% Fibonacci...
USDCAD
Intraday - We look to Sell at 1.2630 (stop at 1.2690)
Previous support located at 1.2500. Previous resistance located at 1.2600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.2630, resulting in improved risk/reward. A move through 1.2540 will confirm the bearish momentum.
Our profit targets will...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.71966 in line with the 23.6% fibonacci retracement and overlap support to the take profit at 0.74583 in line with the overlap swing high and 61.8% fibonacci projection. Alternatively, price may break the support structure at our entry and drop...
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 0.97149 where the horizontal swing low support is to our take profit at 0.98783 in line with the pullback resistance, 161.8% fibonacci extension, 61.8% fibonacci retracement and 100% fibonacci projection . Alternatively, price may break...
US500
Intraday
We look to Buy at 4050 (stop at 4004)
We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. We look to buy dips.
Our profit targets will be 4180 and 4230
Resistance: 4105 / 4230 / 4370
Support: 3960 / 3780 / 3500
Please be...
USDJPY
Intraday
We look to Buy at 132.04 (stop at 131.36)
The primary trend remains bullish. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Although we remain bullish overall, a correction is possible with plenty of room to...
On the H4, with price moving in a bearish pressure area on the MACD indicator and price recently breaking out of our ascending trend channel, if price breaks our pivot at the entry, we have a bearish bias that price will drop from our sell entry at 0.71556 in line with our 23.6% fibonacci retracement and 61.8% fibonacci projection to our take profit at 0.70406 in...
