CHN50 - 24h expiry
Selling posted in Asia.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The current move lower is expected to continue.
Previous support located at 12279.
Although the anticipated move higher is corrective, it does offer ample...
Silver (XAGUSD) could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 22.978
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 22.427
Why we like it:
There is a swing-low support
Take Profit:23.908
Why we like it:
There is a...
CADJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 109.838
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 109.388
Why we like it:
There is a pullback support level
Take Profit: 110.441
Why we like it:
There...
AUDUSD is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.64019
Why we like it:
There is an overlap support that aligns close to the 127.2% Fibonacci extension level
Stop Loss: 0.63643
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci...
USDCAD is trading close to an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.35019
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.35498
Why we like it:
There is an overlap resistance that aligns beyond the 50.0% Fibonacci...
Morgan Stanley - 30d expiry - We look to Buy at 83.45 (stop at 80.45)
83 continues to hold back the bears.
We look for a temporary move lower.
Further upside is expected although we prefer to set longs at our bespoke support levels at 83.00, resulting in improved risk/reward.
We look to buy dips.
82.74 has been pivotal.
Our profit targets will be 90.95 and...
Bitcoin - 24h expiry - We look to Buy a break of 27505 (stop at 26905)
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
A break of the recent high at 27450 should result in a further move higher.
We look for gains to be extended today.
The bias is to break to the upside.
Our profit targets will be...
GBPAUD - 24h expiry - We look to Buy a break of 1.9150 (stop at 1.9070)
Price action looks to be forming a bottom.
We expect a reversal in this move.
A move through 1.9150 will confirm the bullish momentum.
The measured move target is 1.9350.
Pivot resistance is at 1.9150.
Our profit targets will be 1.9350 and 1.9390
Resistance: 1.9150 / 1.9300 /...
USDCHF is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.89357
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 0.88929
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci...
The Kiwi (NZDUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59444
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.60034
Why we like it:
There is a multi-swing-high resistance
Take Profit: 0.58590
Why we...
Charles Schwab Corporation - 30d expiry - We look to Buy a break of 62.22 (stop at 59.42)
The primary trend remains bullish.
A break of the recent high at 61.15 should result in a further move higher.
The bias is to break to the upside.
Bespoke resistance is located at 61.
Price action looks to be forming a bottom.
Our profit targets will be 69.22 and...
Ethereum - 24h expiry - We look to Buy a break of 1671 (stop at 1639)
Short term momentum is bullish.
Short term MACD has turned positive.
The bias is to break to the upside.
Prices have reacted from 1530.
We look for gains to be extended today.
Our profit targets will be 1751 and 1771
Resistance: 1666 / 1680 / 1700
Support: 1630 / 1610 / 1590
Please be...
GBPNZD - 24h expiry - We look to Sell at 2.0950 (stop at 2.1030)
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
RSI is trending lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 2.0850 will confirm the bearish momentum.
Our profit targets will be 2.0750 and 2.0700...
WTI oil (USOUSD) could fall towards an overlap support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 89.670
Why we like it:
There is an overlap support level
Stop Loss: 88.005
Why we like it:
There is a pullback support that aligns below the 23.63% Fibonacci retracement level
Take Profit: 92.577
Why we like it:
There...
GBPJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 183.355
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 184.264
Why we like it:
There is an overlap resistance level that aligns with the 50.0% Fibonacci...
SP500 is falling towards a pullback support and could potentially break through it to drop lower towards our take profit target.
Entry: 4439.84
Why we like it:
There is a potential breakout level; wait for confirmation before entering the position
Stop Loss: 4496.39
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci...
Bitcoin (BTCUSD) is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 26440.49
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 25757.73
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci...
Cisco Systems - 30d expiry - We look to Buy at 54.71 (stop at 52.71)
Daily signals are bullish.
A lower correction is expected.
There is no clear indication that the upward move is coming to an end.
50 1-day EMA is at 54.50.
The sequence for trading is higher highs and lows.
Our profit targets will be 59.71 and 60.71
Resistance: 56.40 / 57.00 /...
