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%...
GBPUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26995
Why we like it:
There is an overlap support that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 1.26204
Why we like it:
There is a swing-low support
Take Profit: 1.28160
Why we like...
Starbucks - 30d expiry - We look to Buy at 97.62 (stop at 94.94)
The primary trend remains bullish. 97 continues to hold back the bears.
Bespoke support is located at 97.50.
96.17 has been pivotal.
Offers ample risk/reward to buy at the market.
The daily chart technicals suggests further downside before the uptrend returns.
Our profit targets will be...
Bitcoin - 24h expiry - We look to Buy at 29555 (stop at 29055)
Short term bias has turned positive.
Support is located at 29600 and should stem dips to this area.
There is no clear indication that the upward move is coming to an end.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Daily signals...
GBPAUD - 24h expiry - We look to Buy at 1.9375 (stop at 1.9315)
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9500 will confirm...
Litecoin - 24h expiry - We look to Buy a break of 83.52 (stop at 80.52)
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
Dips continue to attract buyers.
Prices have reacted from 79.15.
The bias is to break to the upside.
Our profit targets will be 90.52 and 92.52
Resistance: 83.40 / 85.50 / 87.50
Support: 82.00 /...
NIK225 - 24h expiry - We look to Buy a break of 32430 (stop at 32190)
Selling posted in Asia.
Daily signals for sentiment are 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.
Indecisive price action has resulted in sideways congestion on the intraday chart....
United Health Group - 30d expiry - We look to Buy a break of 516.11 (stop at 506.11)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Price action is forming a bullish flag which has a bias to break to the upside.
A break of the recent high at 516 should result in a further move higher.
This stock has seen...
DXY is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 102.865
Why we like it:
There is an overlap resistance
Stop Loss: 103.437
Why we like it:
There is an overlap resistance
Take Profit: 101.921
Why we like it:
There is an overlap support that aligns close to the 38.2%...
SP500 could fall towards a pullback support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 4478.82
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 4438.54
Why we like it:
There is a pullback support that aligns close to the 78.6% Fibonacci...
Bitcoin (BTCUSD) could fall towards an overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 28861.23
Why we like it:
There is an overlap support
Stop Loss: 28186.52
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 29578.79
Why we like...
USOUSD has broken an intermediate support level that aligns with the 38.2% Fibonacci retracement level and is approaching an ascending trendline. Price could potentially break below this trendline which could trigger further downward movement towards our take profit target.
Entry: 81.169
Why we like it:
Wait for bearish confirmation after price breaks through the...
EURAUD - 24h expiry - We look to Buy at 1.6700 (stop at 1.6650)
Price continues to trade within the triangle formation.
The bias is to break to the upside.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 1.6750 will confirm the bullish momentum.
Our profit targets will be 1.6825 and 1.6850...
XRP - 24h expiry - We look to Sell a break of 0.5988 (stop at 0.6488)
There is no clear indication that the downward move is coming to an end.
A break of bespoke support at 0.6000, and the move lower is already underway.
Our short term bias remains negative.
The bias is to break to the downside.
We are trading at overbought extremes.
Our profit targets...
Bristol-Myers Squibb Co - 30d expiry - We look to Sell at 62.98 (stop at 65.08)
Daily signals are bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
We look for a temporary move higher.
Previous support at 63 now becomes resistance.
50 1 day EMA is at 63.70.
Our profit...
USDCAD is trading close to an overlap resistance. Price could hit the sell entry and potentially reverse from this level to drop lower towards our take profit target.
Entry: 1.33870
Why we like it:
There is an overlap resistance
Stop Loss: 1.34675
Why we like it:
There is a resistance level that aligns with the 127.2%% Fibonacci extension level
Take Profit:...
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: 1932.05
Why we like it:
There is an overlap support that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 1910.84
Why we like it:
There is an overlap support that aligns under the 78.6%...
