Tesla
Short Term - We look to Buy at 688.08 (stop at 625.32)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. Preferred trade is to buy on dips. Further upside is expected.
Our profit targets will...
GBPUSD
Intraday - We look to Sell at 1.2310 (stop at 1.2375)
Buying pressure from 1.2161 resulted in prices rejecting the dip. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The bias is still for lower levels and we look for any gains to be limited. The hourly chart technicals suggests further upside...
On the H4, with price bouncing off the ichimoku cloud, we have a bullish bias that price will continue to rise from the 1st support at 1.04661 in line with the pullback support and swing low to the 1st resistance at 1.07870 at the swing high in line with the 100% fibonaci projection and 50% fibonacci retracement.
Alternatively, price may drop from the 1st support...
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 135.653 in line with the pullback support and 23.6% fibonacci retracement to our take profit at 138.962 where the 161.8% fibonacci extension and 78.6% fibonacci projection are . Alternatively, price may break entry structure and head for...
Bitcoin
Intraday - We look to Sell a break of 19788 (stop at 20501)
With signals for sentiment at oversold extremes, the dip could not be extended. We have a 78.6% Fibonacci pullback level of 17800 from 3850 to 69000. Trading close to the psychological 20000 level. 20080 has been pivotal. A break of the recent low at 19900 should result in a further move...
Alibaba
Short Term - We look to Buy at 101.70 (stop at 87.10)
Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Reverse trend line support comes in at 100.00. Dip buying offers good...
With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our take profit are where the horizontal pullback support is from our entry where the 127.2% Fibonacci extension and 78.6% Fibonacci projection is. Alternatively, price may head to our stop loss at 1.53123 in line with the 138.2% Fibonacci extension is....
EURNZD
Intraday - We look to Buy at 1.6683 (stop at 1.6647)
Previous resistance level of 1.6670 broken. Previous resistance, now becomes support at 1.6670. Daily signals are bullish. Our overall sentiment remains bullish looking for higher levels. We look to buy dips.
Our profit targets will be 1.6779 and 1.6799
Resistance: 1.6770 / 1.6800 /...
On the H4, with prices expected to bounce off the ichimoku support, we have a bullish bias that price will rise from our buy entry at 1.21814 where the horizontal overlap support,50% fibonacci retracement and 61.8% fibonacci projection to our take profit at 1.24315 in line with the 61.8% fibonacci projection, 78.6% fibonacci retracement and pullback resistance....
On the H4, with price moving in a descending trendline and below the ichimoku cloud, we have a bearish bias that price will continue to drop from the sell entry at 0.69852 in line with the 61.8% Fibonacci projection to the 1st support at 0.68512 at the horizontal swing low. Alternatively, price may reverse off the entry and rise to the stop loss at 0.70699 in line...
Ethereum
Intraday - We look to Buy a break of 1181 (stop at 1139)
A break of the recent high at 1174 should result in a further move higher. 50 4hour EMA is at 1175. Short term momentum is bullish.
Our profit targets will be 1288 and 1318
Resistance: 1170 / 1200 / 1250
Support: 1100 / 1050 / 1000
Please be advised that the information presented on...
Kellogg Company
Short Term - We look to Buy at 71.09 (stop at 67.91)
This stock has recently been in the news headlines. They are splitting into 3 strategic companies which will increase efficiencies. The stock reacted premarket by breaking out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. We...
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. Risk/Reward would be poor to call a buy from current levels. A move through 1.3000 will confirm the bullish momentum.
Our profit targets will be 1.3050 and 1.3100
Resistance: 1.3000 / 1.3050 / 1.3100
Support: 1.2900 /...
With price expected to reverse off the stochastic indicator, we have a bearish bias that price will drop from entry at 1.51923 in line with the 78.6% Fibonacci projection and horizontal swing high resistance to our take profit at 1.50495 in line with the horizontal overlap support.
Alternatively, price may break structure and head for stop loss at 1.52733 where...
On the H4, with prices breaking above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 1.22386 where the horizontal swing low support is to our take profit at 1.23995 in line with the 61.8% fibonacci projection, 61,8% fibonacci retracement and overlap resistance. Alternatively, price may break entry structure and head for...
Litecoin
Intraday - We look to Sell at 56.80 (stop at 62.70)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. We expect gains to be limited. We look to sell rallies.
Our profit targets will be 40.00 and 20.00
Resistance: 65.50 /...
Amazon
Short Term - We look to Buy a break of 106.50 (stop at 99.65)
We are trading at oversold extremes. 100.00 continues to hold back the bears. This is positive for sentiment and the uptrend has potential to return. Posted a Triple Bottom formation. Further upside is expected.
Our profit targets will be 124.82 and 130.00
Resistance: 125.00 / 138.00 /...
