USDJPY
Intraday - We look to Buy at 128.34 (stop at 127.42)
Buying pressure from 128.00 resulted in prices rejecting the dip. 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. Prices expected to stall near trend line support. Preferred trade is to buy on dips....
Ethereum
Intraday - We look to Buy at 1933 (stop at 1717)
The downtrend seems to be slowing down. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 2449 and 2600
Resistance: 2200 / 2400 / 2600
Support: 1900/ 1700 / 1500
Please be advised that the information...
Coinbase
Short Term - We look to Sell at 79.05 (stop at 97.30 )
The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 30.50 and 25
Resistance:...
EURGBP
Intraday - We look to Buy at 0.8465 (stop at 0.8415)
We are trading at oversold extremes. A bullish hammer has been formed on the 4hr timeframe. This is positive for sentiment and the uptrend has potential to return. A higher low has been formed. Preferred trade is to buy on dips.
Our profit targets will be 0.8615 and 0.8710
Resistance: 0.8505 /...
Litecoin
Intraday - We look to Sell at 75.44 (stop at 79.81)
The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. We have a 78.6% Fibonacci pullback level of 75.97 from 82.66 to 51.42. Expect price action to remain mixed and volatile as this corrective sequence continues. Risk/Reward would...
Twitter
Short Term - We look to Buy at 42.80 (stop at 38.55)
We have a Gap open from 41.00 to 44.00. We look for a temporary move lower. Support is located at 41.00 and should stem dips to this area. Further upside is expected although we prefer to buy into dips close to the 41.00 level. This stock has recently been in the news headlines for a buyout by...
GBPUSD
Intraday - We look to Sell at 1.2400 (stop at 1.2515)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. 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...
Bitcoin
Intraday - We look to Buy at 26200 (stop at 24328)
With signals for sentiment at oversold extremes, the dip could not be extended. We look to buy dips. 4 50week EMA is at 26000. Bespoke support is located at 26000. Trades within a broadening formation.
Our profit targets will be 31250 and 32000
Resistance: 29000 / 30000 / 31000
Support: 28000 /...
GameStop
Short Term - We look to Sell at 91.90 (stop at 108.16)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 57.10 and 40.00
Resistance: 92.00 /...
EURUSD
Intraday - We look to Sell at 1.0595 (stop at 1.0657)
The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Bespoke resistance is located at 1.0600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0600, resulting in improved risk/reward.
Our...
Peloton
Short Term - We look to Sell at 14.90 (stop at 21.60)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further downside is expected although we prefer to set shorts at our bespoke resistance...
TERUSD
Intraday - We look to Sell at 31.98 (stop at 44.80)
The primary trend remains bearish. Price action continued the aggressive move lower and looks set for follow through selling today. We can see no technical reason for a change of trend. Further downside is expected.
Our profit targets will be 1.30 and 0.00 -This is technically a market...
AUDJPY
Intraday - We look to Buy a break of 91.00 (stop at 90.10)
Previous support located at 90.00. Previous resistance located at 91.00. Price action looks to be forming a bottom. A move through 91.00 will confirm the bullish momentum.
Our profit targets will be 93.00 and 93.25
Resistance: 91.00 / 91.50 / 93.00
Support: 90.00 / 89.75 / 89.50
Please...
Occidental Petroleum
Short Term - We look to Buy at 55.37 (stop at 50.76)
Trading within a Bullish Channel formation. We are assessed to be in a corrective mode lower. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Earnings news could provide a good catalyst for...
UNIUSD
Intraday - We look to Sell at 7.927 (stop at 8.857)
The primary trend remains bearish. Buying pressure from 5.800 resulted in prices rejecting the dip. We look for a temporary move higher. Resistance is located at 8.000 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...
GBPCHF
Intraday - We look to Sell at 1.2328 (stop at 1.2402)
We look to sell rallies. We look for a temporary move higher. Buying posted in Asia. Previous resistance located at 1.2330. This provides an excellent risk/reward opportunity to fade the current bullish move.
Our profit targets will be 1.2109 and 1.2050
Resistance: 1.2330 / 1.2400 /...
Zcash
Intraday - We look to Sell at 108.90 (stop at 114.47)
Our outlook is bearish. Broken out of the triangle formation to the downside. Neckline resistance 109.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 109.00, resulting in improved risk/reward.
Our profit targets will be 94.10 and 92.00...
