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...
USD/JPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 148.459
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 147.322
Why we like it:
There is a swing-low support level
Take Profit: 149.879
Why we like it:
There...
The Kiwi (NZD/USD) could rise 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...
The Aussie (AUD/USD) 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 level
Stop Loss: 0.63643
Why we like it:
There is a pullback support level
Take Profit: 0.64608
Why we like it:
There is a swing-high resistance that aligns...
Disney - 30d expiry - We look to Sell at 85.45 (stop at 88.45)
Daily signals are bearish.
Previous support level of 85.50 broken.
Previous support at 85.50 now becomes resistance.
There is no clear indication that the downward move is coming to an end.
This stock has seen poor sales growth.
The sequence for trading is lower lows and highs.
Our profit...
Bitcoin - 24h expiry - We look to Buy at 25555 (stop at 25155)
Short term bias has turned negative.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look for a temporary move lower.
Support is located at 25500 and should stem dips to this area.
Our profit targets will be...
HS50 - Intraday - We look to Buy at 17460 (stop at 17260)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Previous support located at 17462.
Preferred trade is to buy on dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our...
SP500 could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 4323.14
Why we like it:
There is a pullback support level
Stop Loss: 4290.00
Why we like it:
There is a level beyond the 127.2% Fibonacci extension level
Take Profit: 4374.02
Why we like it:
There is a pullback resistance that...
EURJPY could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 158.500
Why we like it:
There is a pullback resistance level
Stop Loss: 159.000
Why we like it:
There is a level that aligns beyond the 127.2% Fibonacci extension level
Take Profit: 157.184
Why we like it:
There is a swing-low...
USDCAD is rising towards a swing-high resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.35046
Why we like it:
There is a swing-high resistance level
Stop Loss: 1.35498
Why we like it:
There is a pullback resistance that aligns beyond the 50.0% Fibonacci retracement level
Take Profit: 1.34234
Why we like...
USOUSD could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 89.223
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 88.005
Why we like it:
There is a pullback support level
Take Profit: 91.762
Why we like it:
There is a...
HP Inc - 30d expiry - We look to Buy a break of 28.02 (stop at 26.98)
We have a Gap open at 30/8/2023 from 31.37 to 29.02.
With signals for sentiment at oversold extremes, the dip could not be extended.
Price action looks to be forming a bottom.
In our opinion this stock is undervalued.
The bias is to break to the upside.
Our profit targets will be 30.52...
Bitcoin - 24h expiry - We look to Buy a break of 26851 (stop at 26251)
26849 has been pivotal.
A break of 26849 is needed to confirm follow through bullish momentum.
Our short term bias remains positive.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The bias is to break to the upside.
Our profit...
GBPCAD is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.65896
Why we like it:
There is a pullback resistance level
Stop Loss: 1.66862
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level
Take Profit: 1.64750
Why we like...
