EURNZD
Intraday - We look to Sell at 1.6079 (stop at 1.6114)
Daily signals are bearish. 50 4hour EMA is at 1.6080. Preferred trade is to sell into rallies.
Our profit targets will be 1.5985 and 1.5965
Resistance: 1.6030 / 1.6070 / 1.6100
Support: 1.6000 / 1.5970 / 1.5930
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On the H4, prices seem to be in a slightly bullish momentum. It is currently testing the 38.2% Fibonacci retracement and we're looking at our buy entry at 1.2106. If the bullish momentum continues, it will hit our take profit at 1.2276 around the 61.8% projection. Alternatively it might hit our stop loss at 1.2006 where the previous swing low sits
Please be...
On the H4, with price moving within the descending channel, below ichimoku cloud and the MACD indicators are under zero, we have a bearish bias that the price may drop from our sell entry at 93.508, which is in line with the swing low and 61.8% fibonacci projection to the take profit at 90.692, which is in line with the 78.6% fibonacci projection. Otherwise, the...
On the H4, with DIF is crossing below the signal line and the price is crossing over the ichimoku cloud, we have a bearish bias that the price may drop from the buy entry at 1.28353, which is in line with the 50% fibonacci retracement to the take profit at 1.27667, which is in line with the swing low, 78.6% fibonacci retracement and 61.8% fibonacci projection....
On the H4 chart, prices seem to have pull back a little to our buy entry level at 134.274 where our 61.8% Fibonacci retracement sits. if price continues with bullish momentum, it should hit our take profit at 135.622 where the 61.8% retracement and 78.6% projection sits. Alternatively, it will hit stop loss at 132.508
Please be advised that the information...
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from buy entry at 4274.25 where the overlap support is to the take profit at 4418.37 where the pullback resistance, 78.6% fibonacci retracement and -61.8% fibonacci expansion are. Alternatively, price could break entry structure and drop to stop loss at 4182.69...
Home Depot Inc
Short Term - We look to Buy at 311 (stop at 301)
A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Horizontal support is seen at 310. Further upside is expected although we prefer to set longs at our bespoke support levels at 310, resulting in improved risk/reward.
Our...
Litecoin
Intraday - We look to Buy a break of 61.20 (stop at 59.11)
Trading within the Wedge formation. Trend line support is located at 60.00. Support could prove difficult to breakdown. A clear break of 61.00 and we would look for further gains to 66.00.
Our profit targets will be 65.94 and 68.00
Resistance: 66.00 / 75.00 / 95.00
Support: 60.00 /...
AUDJPY
Intraday - We look to Sell at 94.50 (stop at 95.25)
Previous support located at 93.50. Previous resistance located at 94.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 94.50, resulting in improved risk/reward. A move through 93.50 will confirm the bearish momentum.
Our profit targets will be...
On the H4, with price moving within the descending channel, below ichimoku cloud and the DIF is crossing below signal line, we have a bearish bias that the price may drop from our sell entry at 94.834, which is in line with the swing low to the take profit at 90.526, which is in line with the 78.6% fibonacci projection. Otherwise, the price may rise to our stop...
On the H4, with MACD indicators are above the zero, we have a bullish bias that the price may rise from the buy entry at 1.29220, which is in line with the38.2% fibonacci retracement to the take profit at 1.29839, which is in line with the 50% fibonacci retracement and swing high. Alternatively, the price may drop to the stop loss at 1.28500, which is in line with...
On the H4, with price moving above the ichimoku indicator and within the ascending channel, we have a bullish bias that price will rise from buy entry at 13687.30 where the pullback support is to the take profit at 14222.94 in line with 100% fibonacci projection and 78.6% fibonacci retracement. Alternatively, price could break entry structure and drop to stop loss...
Ethereum
Intraday - We look to Sell a break of 1849 (stop at 1896)
The bearish engulfing candle on the 4 hour chart is negative for sentiment. 50 4hour EMA is at 1864. A break of bespoke support at 1850, and the move lower is already underway. Trading close to the psychological 2000 level. 2000 continues to hold back the bears.
Our profit targets will be...
Procter and Gamble Co -
Short Term - We look to Buy a break of 148.20 (stop at 142.08)
The trend of higher lows is located at 138.75. This is positive for sentiment and the uptrend has potential to return. We are trading within a Bullish Ascending Triangle formation. A clear break of 148.00 and we would look for further gains to 163.00.
Our profit targets...
GBPJPY
Intraday - We look to Buy at 160.40 (stop at 159.50)
We are trading at oversold extremes. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to buy dips.
Our profit targets will be 162.20 and 165.65
Resistance: 162.20 / 165.65 / 168.70
Support: 158.70 / 155.60 /...
On the H4, with price moving within an ascending trend and above the ichimoku indicator, we still have a bullish bias. we're looking for a buy entry at 1.2102 where the 61.8% projection and retracement sits. If prices continues with the strong ascending trend, we're looking to take profit at 1.2277 which is the previous swing high. Alternatively our stop loss is...
On the H4, prices are still respecting the descending trend. we're looking to place a sell entry at 133.902 where the 61.8% fibonacci retracement sits. if price continues the bearish momentum, it will bring price down to our take profit level at 131.503 which is also the 61.8% projection level. alternatively, if prices breaks the descending trend, it will hit the...
On the H4, with price breaking the ascending trendline and the DIF is crossing below signal line, we have a bearish bias that the price may drop from our buy entry at 98.995, which is in line with the 61.8% fibonacci retracement to the 2nd support at 95.881, which is in line with the swing low support. Otherwise, the price may rise to our stop loss at 102.629,...
