Ethereum - 24h expiry - We look to Buy a break of 1596 (stop at 1564)
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Although the bears are in control, the stalling negative momentum indicates a turnaround is...
FedEx Corporation - 30d expiry - We look to Sell at 269.78 (stop at 277.78)
Posted a Double Top formation.
We look for a temporary move higher.
The trend of lower lows is located at 270.
270.46 has been pivotal.
We are trading at overbought extremes.
Our profit targets will be 249.78 and 245.78
Resistance: 250.00 / 258.00 / 270.95
Support: 241.04 /...
Bitcoin (BTCUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 26958.65
Why we like it:
There is an overlap resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 27403.68
Why we like it:
There is a pullback resistance that sits above the 50.0%...
Gold (XAUUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1885.05
Why we like it:
There is an overlap resistance level
Stop Loss: 1903.16
Why we like it:
There is a pullback resistance that sits above the 61.8% retracement level
Take Profit: 1855.67
Why we like it:
There is...
AUDUSD is trading close to a pullback support and could potentially break below this level to drop lower towards our take profit target.
Entry: 0.63123
Why we like it:
There is a potential breakout level
Stop Loss: 0.63481
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci level
Take Profit: 0.62723
Why we like it:
There is...
Humana Inc - 30d expiry - We look to Buy at 480.48 (stop at 468.48)
The primary trend remains bullish.
Bespoke support is located at 480.
Preferred trade is to buy on dips.
A break of the recent high at 503.52 should result in a further move higher.
We look to buy dips.
478.40 has been pivotal.
Our profit targets will be 510.48 and 518.48
Resistance:...
Bitcoin - 24h expiry - We look to Sell a break of 26478 (stop at 26878)
There is no clear indication that the downward move is coming to an end.
A break of yesterdays low would confirm bearish momentum.
Our bespoke support of 27250 has been clearly broken.
We look for losses to be extended today.
The lack of interest is a concern for bulls.
Our profit...
GBPNZD - 24h expiry - We look to Buy at 2.0470 (stop at 2.0398)
Price action looks to be forming a bottom.
Short term RSI is moving higher.
Pivot resistance is at 2.0575.
A move through 2.0575 will confirm the bullish momentum.
The measured move target is 2.0700.
Our profit targets will be 2.065 and 2.105
Resistance: 2.0550 / 2.0650 / 2.0700
Support:...
AUDJPYis falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 95.140
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 94.519
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
The Kiwi (NZDUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.59893
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 0.59617
Why we like it:
There is a pullback support that aligns close to the 50.0%...
USDCAD is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 1.35783
Why we like it:
There is a pullback support level
Stop Loss: 1.35418
Why we like it:
There is a pullback support level that aligns close to the 61.8% Fibonacci retracement level
Take Profit: 1.36407
Why we like...
UDSJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 149.418
Why we like it:
There is a pullback resistance level
Stop Loss: 150.158
Why we like it:
There is a swing-high resistance level
Take Profit: 148.409
Why we like it:
There is an overlap support level
Please be...
EURAUD - 24h expiry - We look to Buy at 1.6475 (stop at 1.6415)
Broken out of the channel formation to the upside.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.6600 will confirm the bullish momentum....
Alcoa Corporation - 30d expiry - We look to Sell at 32.65 (stop at 35.05)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
Previous support at 32.50 now becomes resistance.
This stock has seen poor sales growth.
The sequence for trading is lower lows and highs.
Our...
XRP - 24h expiry - We look to Sell at 0.5028 (stop at 0.5128)
Our short term bias remains negative.
The trend of higher intraday lows has also been broken.
Preferred trade is to sell into rallies.
Daily signals are bearish.
50 4hour EMA is at 0.5036.
Our profit targets will be 0.4778 and 0.4708
Resistance: 0.4840 / 0.4920 / 0.5005
Support: 0.4756 /...
LYFT Inc - 30d expiry - We look to Sell at 11.99 (stop at 12.91)
Trading within a Bearish Channel formation.
The sequence for trading is lower lows and highs.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 12.00.
Our profit targets will be 9.81 and 9.41
Resistance: 11.53 / 12.00 /...
GBPAUD - 24h expiry - We look to Buy at 1.9070 (stop at 1.9010)
Indecisive price action has resulted in sideways congestion on the intraday chart.
Trend line resistance is located at 1.9300.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9150 will confirm the bullish momentum.
Short term RSI has turned positive.
Our profit...
Bitcoin - 24h expiry - We look to Sell a break of 27088 (stop at 27488)
The sequence for trading is higher highs and lows.
Daily signals are mildly bearish.
27164 has been pivotal.
27167 has been pivotal.
A break of the recent low at 27136 should result in a further move lower.
Our profit targets will be 26088 and 25788
Resistance: 27700 / 28000 /...
