Microsoft
Short Term - We look to Sell at 260.71 (stop at 269.78)
The primary trend remains bearish. A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 238.72 and 230.00
Resistance: 267.00 /...
Litecoin
Intraday - We look to Sell at 54.83 (stop at 56.60)
The primary trend remains bearish. A bearish Head and Shoulders is forming. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Further downside is expected although we prefer to sell into rallies close to the 55.00 level.
Our profit targets will be...
EURNZD
Intraday - We look to Buy at 1.6721 (stop at 1.6684)
Daily signals are mildly bullish. Expect trading to remain mixed and volatile. Trend line support is located at 1.6710. Bespoke support is located at 1.6700. We look to buy dips.
Our profit targets will be 1.6814 and 1.6834
Resistance: 1.6840 / 1.6870 / 1.6900
Support: 1.6770 / 1.6640 / 1.6600
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On the H4, with price recently breaking the ascending trendline, we have a bearish bias that price will drop from the 1st resistance at 1.51707 at the overlap resistance in line with 23.6% fibonacci retracement , 38.2% fibonacci retracement and 61.8% fibonacci projection to the 1st support at 1.48930 at the pullback support in line with the 100% fibonacci...
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to our buy entry at 136.731 where the swing high resistance is. Once there is upside confirmation, we would expect bullish momentum to carry price to our take profit at 140.736 where the 61.8% fibonacci projection is . Alternatively, price may drop to stop loss...
Ethereum
Intraday - We look to Sell at 1173 (stop at 1216)
Short term bias has turned negative. Previous support at 1200 now becomes resistance. 1193 has been pivotal. 50 4hour EMA is at 1175. 20 4hour EMA is at 1169. Preferred trade is to sell into rallies.
Our profit targets will be 1063 and 1033
Resistance: 1150 / 1200 / 1250
Support: 1100 / 1050 /...
Oracle
Intraday - We look to Sell a break of 68.29 (stop at 71.31)
The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50.
Our profit targets will be 60.09 and 58.00...
EURUSD
Intraday - We look to Sell at 1.0528 (stop at 1.0564)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Rallies should be capped by yesterday's high. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0530, resulting in improved risk/reward. Risk/Reward would be...
On the H4, with prices expected to bounce off the stochastic support, we have a bullish bias that price will drop and rise from our buy entry at 1.21814 where the horizontal overlap support and 50% fibonacci retracement are to our take profit at 1.24315 in line with the 61.8% fibonacci projection, 78.6% fibonacci retracement and pullback resistance. Alternatively,...
On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our buy entry at 103.439 where the 127.2% fibonacci extension, 50% fibonacci retracement and swing low support are, after price has dropped to the 1st support level, to our take profit at...
Bitcoin
Intraday - We look to Sell at 21987 (stop at 22511)
Trading within a Corrective Channel formation. The trend of higher highs is located at 22000. We look for a temporary move higher. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Our profit targets will be 20666 and 20166
Resistance: 21500 / 22000 /...
Nike
Short Term - We look to Sell at 110.32 (stop at 118.64)
The company built caution into 2023 guidance on fears of more China Covid lockdowns. Trades with a bearish descending triangle formation. The bias is to break to the downside. We look to sell rallies. The measured move target is 83.50.
Our profit targets will be 83.50 and 75.00
Resistance:...
EURCHF
Intraday - We look to Sell at 1.0169 (stop at 1.0192)
Daily signals are bearish. Preferred trade is to sell into rallies. 50 4hour EMA is at 1.0172.
Our profit targets will be 1.0111 and 1.0101
Resistance: 1.0120 / 1.0150 / 1.0170
Support: 1.0100 / 1.0050 / 1.0000
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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 110.83 in line with the pullback support and 38.2% Fibonacci retracement to the 1st resistance at 123.53 at the horizontal swing high in line with the 78.6% Fibonacci projection. Alternatively, price may reverse off the 1st...
On the H4, with price breaking the descending trendline, we have a bullish bias that price will continue to rise from the 1st support at 0.69225 at the pullback support in line with the 23.6% fibonacci retracement to the 1st resistance at 0.70510 in line with the overlap resistance, 78.6% Fibonacci projection and 50% Fibonacci retracement. Alternatively, price may...
On the H4, with price expected to bounce off ichimoku support, we have a bullish bias that price will rise from our buy entry at 1.28620 where the horizontal swing low support and 38.2% Fibonacci retracement is to our take profit at 1.30205 in line with the horizontal swing high resistance and 61.8% fibonacci projection. Alternatively, price may break structure...
On the H4, with RSI moving in a bullish momentum and along an ascending trendline, we have a bullish bias that prices will rise from to our buy entry at 1841.11 where the horizontal swing high resistance and 61.8% fibonacci retracement. Once we have upside confirmation, we would expect bullish momentum to carry price to intermediate resistance level at 1847.05 in...
