JPMorgan Chase - 30d expiry - We look to Buy at 150.35 (stop at 146.75)
The primary trend remains bullish.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Daily signals are bullish.
A break of the recent high at 150.25 should result in a further move...
XRP - 24h expiry - We look to Sell a break of 0.4848 (stop at 0.4948)
Trades with a bearish descending triangle formation.
0.4873 has been pivotal.
The bias is to break to the downside.
Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
A break of the recent low at 0.4873 should result in a further move lower....
HS50 - 24h expiry - We look to Buy at 17378 (stop at 17178)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a...
The Kiwi (NZD/USD) is rising towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59853
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 0.60152
Why we like it:
There is a multi-swing-high resistance level
Take Profit: 0.59026
Why we...
WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 92.946
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 88.535
Why we like it:
There is a pullback support level
Take Profit: 97.965
Why we like...
GBPJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 182.680
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 184.271
Why we like it:
There is a pullback resistance that lies beyond the 61.8% Fibonacci retracement...
CADJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 110.216
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 109.891
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement...
Amazon - 30d expiry - We look to Sell a break of 123.86 (stop at 129.66)
Short term bias has turned negative.
Short term momentum is bearish.
The trend of higher intraday lows has also been broken.
125.92 has been pivotal.
Our bespoke support of 126.00 has been clearly broken.
A break of the recent low at 124.13 should result in a further move lower.
Our...
Ethereum - 24h expiry - We look to Buy at 1567 (stop at 1535)
Short term momentum is bullish.
A lower correction is expected.
Support is located at 1560 and should stem dips to this area.
We look to buy dips.
1561 has been pivotal.
Our profit targets will be 1647 and 1667
Resistance: 1620 / 1640 / 1666
Support: 1600 / 1580 / 1561
Please be advised that...
NZDJPY - 24h expiry- We look to Buy at 88.25 (stop at 87.75)
The correction lower is assessed as being complete.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.50 will confirm the bullish momentum.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the...
NZDJPY is trading close to an overlap support and could potentially bounce higher towards our take profit target.
Entry: 88.283
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 87.793
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
Take Profit:...
Gold (XAU/USD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1903.16
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 1915.30
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci...
USD/CHF is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.91195
Why we like it:
There is a pullback support level
Stop Loss: 0.90712
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 0.91960
Why we like it:
There is...
The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.21936
Why we like it:
There is a pullback resistance level
Stop Loss: 1.22882
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Take Profit: 1.20487
Why we...
Palantir Technology - 30d expiry - We look to Sell a break of 13.48 (stop at 14.88)
13.56 has been pivotal.
A move through bespoke support at 13.50 and we look for extended losses.
The lack of interest is a concern for bulls.
This stock has seen poor sales growth.
The bias is to break to the downside.
Our profit targets will be 10.08 and 9.38
Resistance:...
GBPNZD - 24h expiry - We look to Sell at 2.0550 (stop at 2.0630)
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 2.0400 will confirm...
CHN50 - 24h expiry - We look to Buy at 12340 (stop at 12220)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Indecisive price action has...
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.06298
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.06735
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci...
