Litecoin
Intraday - We look to Buy at 58.71 (stop at 56.40)
Prices have continued the bullish move higher and resulted in 2 consecutive positive days. This is positive for sentiment and the uptrend has potential to return. We look for a temporary move lower. A Fibonacci confluence area is located at 58.20. Further upside is expected although we prefer to buy...
On the H4, with price breaking the bearish channel and moving above ichimoku indicator, we have a bullish bias that price might rise from our buy entry at 1764.499, which is in line with the 61.8% fibonacci retracement to our take profit at 1786.141, which is in line with 78.6% fibonacci retracement. Alternatively, the price may drop to stop loss at 1735.066,...
EURNZD
Intraday - We look to Sell at 1.6289 (stop at 1.6327)
Previous support at 1.6300 now becomes resistance. Preferred trade is to sell into rallies. Our short term bias remains negative. 50 4hour EMA is at 1.6305.
Our profit targets will be 1.6191 and 1.6171
Resistance: 1.6200 / 1.6230 / 1.6270
Support: 1.6170 / 1.6130 / 1.6100
Please be advised...
On the H4, with price breaking the bearish channel and moving above ichimoku indicator, we have a bearish bias that price might rise from our buy entry at 108.398, which is in line with the overlap resistance to our take profit at 112.160, which is in line with pullback support. Alternatively, the price may drop to stop loss at 102.534, which is in line with...
On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the buy entry at 1.21562 where the pullback support is to the take profit at 1.23303 where the swing high resistance and 127.2% fibonacci extension are. Alternatively, price could break entry structure and drop to stop loss...
Ethereum
Intraday - We look to Buy at 1505 (stop at 1459)
Short term bias has turned positive. 50 4hour EMA is at 1500. We look to buy dips. 1486 has been pivotal. Support is located at 1500 and should stem dips to this area.
Our profit targets will be 1619 and 1649
Resistance: 1660 / 1700 / 1800
Support: 1600 / 1550 / 1500
Please be advised that the...
Bank of America Corp
Short Term - We look to Buy at 32.43 (stop at 30.27)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance level of 32.32 broken. 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...
On the H4, with prices breaking out of the descending channel, we have a bullish bias that prices may rise from the buy entry at 31716, where the swing low support is to the take profit at 32685 where the overlap support is. Alternatively, price may drop to the stop loss at 31024, where the 61.8% fibonacci retracement is.
Please be advised that the information...
On the H4, with prices breaking out of the descending channel and expected to bounce off the stochastic support, we have a bullish bias that prices will drop and rise from the 1st support at 106.225 where the swing low support is to the 1st resistance at 107.543 where the pullback resistance and 50% fibonacci retracement are. Alternatively, price could break 1st...
GBPCHF
Intraday - We look to Sell at 1.1714 (stop at 1.1781)
Preferred trade is to sell into rallies. Previous resistance located at 1.1721. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish.
Our profit targets will be 1.1532 and 1.1455
Resistance: 1.1700 / 1.1758 / 1.1990
Support: 1.1570 /...
On the H4, with price bouncing off the ichimoku cloud and breaking out of the descending trend channel, we have a bullish bias that price will rise form the 1st support at 1.01804 at the pullback support to the 1st resistance at 1.02727 at the swing high in line with the 50% fibonacci retracement and 100% fibonacci projection. Alternatively, price may reverse off...
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 drop to our sell entry at 134,504 where the swing low support, 61.8% fibonacci retracement , 78.6% fibonacci projection and 161.8% fibonacci extension are. Once there is downside confirmation of price breaking entry structure,...
XRP
Intraday - We look to Buy at 0.3033 (stop at 0.2938)
Short term bias has turned negative. Support is located at 0.3000 and should stem dips to this area. We look for a temporary move lower. Expect trading to remain mixed and volatile.
Our profit targets will be 0.3296 and 0.3366
Resistance: 0.3400 / 0.3500 / 0.3600
Support: 0.3300 / 0.3200 /...
PayPal
Short Term - We look to Buy at 78.86 (stop at 71.88)
Activist hedge fund Elliot Management reported to have increased stake. Price jumped 6% in premarket. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. We look to buy dips....
On the H4, with prices moving within an ascending trendline, we have a bullish bias that price will rise from the buy entry at 164.337, where the 5previous swing high resistance is to the take profit at 166.296, where the swing high is. Alternatively, the price may drop to the stop loss at 161.390, where the overlap support is.
Please be advised that the...
On the H4, with prices moving within an descending channel and RSI is showing a descending trendline, we have a bearish bias that price will drop from the sell entry at 1.00818 where the 50% fibonacci retracement is to the take profit at 0.99566, where the swing low and 61.8% fibonacci projection are. Alternatively, the price may rise from sell entry to the stop...
USDJPY
Intraday - We look to Buy at 136.03 (stop at 135.42)
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Further...
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 1.20566 where the pullback resistance is. Once there is upside confirmation of price breaking entry structure, we would expect bullish momentum to carry price to take profit at 1.21635 where the pullback...
