NIK225 - 24h expiry - We look to Buy at 31770 (stop at 31475)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
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 hourly chart technicals...
Target - 30d expiry - We look to Buy a break of 138.53 (stop at 131.53)
This stock has seen good sales growth.
138.28 has been pivotal.
A break of the recent high at 138.28 should result in a further move higher.
Bullish divergence is expected to support prices.
The bias is to break to the upside.
Our profit targets will be 156.53 and 159.53
Resistance:...
Bitcoin (BTCUSD) is rising toward an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 29654.12
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 30085.41
Why we like it:
There is a swing-high resistance
Take Profit: 28922.00
Why we like...
USDCHF is close to an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.87825
Why we like it:
There is an overlap resistance
Stop Loss: 0.88187
Why we like it:
There is a pullback resistance
Take Profit: 0.87113
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci...
Gold (XAUUSD) has bounced off an overlap support level to move higher. We could see bullish momentum carry price up to our take profit target.
Entry: 1910.33
Why we like it:
There is an overlap support level
Stop Loss: 1899.49
Why we like it:
There is a swing-low support
Take Profit: 1932.05
Why we like it:
There is an overlap resistance level that aligns close...
USOUSD is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 80.693
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 78.913
Why we like it:
There is an overlap support that aligns close to the 127.2% Fibonacci...
Advanced Micro Devices - 30d expiry - We look to Sell a break of 106.89 (stop at 114.09)
Daily signals for sentiment are at overbought extremes.
The lack of interest is a concern for bulls.
107.08 has been pivotal.
A break of bespoke support at 107, and the move lower is already underway.
Short-term momentum is bearish.
Our profit targets will be 88.89 and...
XRP - Intraday - We look to Sell at 0.6379 (stop at 0.6779)
Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
The bias is to break to the downside.
50 4hour EMA is at 0.6380.
Our profit targets will be 0.5379 and 0.5179
Resistance: 0.6320 / 0.6500 /...
GBPJPY is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 183.192
Why we like it:
There is a pullback support
Stop Loss: 182.527
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement level
Take Profit: 184.713
Why we like it:
There...
AUDUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.65080
Why we like it:
There is an overlap support
Stop Loss: 0.64651
Why we like it:
There is a swing-low support that aligns with the -27.2% Fibonacci expansion level
Take Profit: 0.65855
Why we like it:
There...
Gold (XAUUSD) is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1910.33
Why we like it:
There is an overlap support at the recent swing-low
Stop Loss: 1899.49
Why we like it:
There is a swing-low support
Take Profit: 1932.05
Why we like it:
There is an overlap resistance...
EURUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.09589
Why we like it:
There is an overlap support that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 1.09209
Why we like it:
There is an overlap support that aligns close to the 78.6% Fibonacci...
HS50 - 24h expiry - We look to Sell at 19695 (stop at 19875)
Buying pressure from 18979 resulted in prices rejecting the dip.
We are trading at overbought extremes.
Our short term bias remains negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Weekly pivot is at 19695.
Our profit targets will be...
Litecoin - 24h expiry - We look to Buy a break of 85.11 (stop at 82.11)
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
A break of yesterdays high would confirm bullish momentum.
Prices have reacted from 79.15.
The bias is to break to the upside.
Our profit targets will be 92.11 and 93.11
Resistance: 84.90 / 86.50 /...
Apple - 30d expiry - We look to Sell a break of 176.88 (stop at 182.88)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
There is no indication that the selloff is coming to an end.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 177 should result in a...
CADJPY is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 106.888
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 105.888
Why we like it:
There is a pullback support that aligns above the 61.8% Fibonacci...
AUDCAD is rising towards a key resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.87993
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 0.88657
Why we like it:
There is a pullback resistance that aligns beyond the -27.2% Fibonacci expansion...
USDCHF is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.87825
Why we like it:
There is an overlap resistance
Stop Loss: 0.88187
Why we like it:
There is a pullback resistance
Take Profit: 0.87113
Why we like it:
There is an overlap support that aligns close to the 38.2%...
