GBPJPY could fall towards an overlap support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 183.222
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 181.765
Why we like it:
There is a pullback support that aligns with the 78.6% Fibonacci retracement...
EURJPY is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 156.960
Why we like it:
There is an overlap support
Stop Loss: 155.847
Why we like it:
There is an overlap support that sits under the 78.6% Fibonacci projection level
Take Profit: 159.134
Why we like it:
There is an...
Gold (XAUUSD) has reversed around the 38.2% Fibonacci retracement level and is now falling towards a potential breakout level. Price could drop lower towards our take profit target.
Entry: 1910.14
Why we like it:
There is a potential breakout level
Stop Loss: 1932.43
Why we like it:
There is an overlap resistance that sits aobve the 50.0% Fibonacci retracement...
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 801.693
Why we like it:
There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 38.2% retracement and t he 100.0% projection levels
Stop Loss: 81.973
Why we like it:
There is an overlap...
Bitcoin - 24h expiry - We look to Buy at 26070 (stop at 25470)
Yesterday's price action saw prices initially spike then move lower to form the range for the day.
A move higher has resulted in prices breaking from the previous range and confirmed our bullish expectation.
Previous resistance at 26200 now becomes support.
We look to buy dips.
The bullish...
Lockheed Martin Corporation - 30d expiry - We look to Buy at 448.25 (stop at 438.25)
Prices have reacted from 442.30.
Support is located at 447 and should stem dips to this area.
443 continues to hold back the bears.
The primary trend remains bullish.
This stock has seen good sales growth.
Price action was confined to a narrow range highlighting the lack of...
CHN50 - 24h expiry - We look to Sell at 12495 (stop at 12595)
Selling pressure from 12536 resulted in all the initial daily gains being overturned.
A Doji style candle has been posted from the high. Our short term bias remains negative.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction...
EURGBP is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.85552
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 0.85861
Why we like it:
There is an overlap resistance that sits above the 50.0% Fibonacci...
DAX40 has hit the buy entry for a potential bullish breakout. Momentum could carry price higher towards our take profit target. Wait for breakout confirmation prior to entering the trade.
Entry: 15797.95
Why we like it:
There is a potential bullish breakout
Stop Loss: 15705.25
Why we like it:
There is a pullback support
Take Profit: 16002.65
Why we like...
USDCHF is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.87588
Why we like it:
There is an overlap support
Stop Loss: 0.87102
Why we like it:
There is a pullback support
Take Profit: 0.88275
Why we like it:
There is a pullback resistance
Please be advised that the information...
USDCAD is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 1.35019
Why we like it:
There is an overlap support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1.34448
Why we like it:
There is an overlap support that sits above the 38.2% Fibonacci retracement...
XRP - 24h expiry - We look to Sell a break of 0.4968 (stop at 0.5168)
There is no clear indication that the downward move is coming to an end.
A break of the recent low at 0.4970 should result in a further move lower.
We look for losses to be extended today.
Daily signals are bearish.
The lack of interest is a concern for bulls.
Our profit targets will be...
NIK225 - 24h expiry - We look to Sell at 32340 (stop at 32540)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the...
Abbott Laboratories - 30d expiry - We look to Buy at 104.11 (stop at 100.91)
The trend of higher lows is located at 104.
The primary trend remains bullish.
This stock has seen good sales growth.
104 continues to hold back the bears.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our profit targets will...
Gold (XAUUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1910.14
Why we like it:
There is an overlap resistance
Stop Loss: 1932.25
Why we like it:
There is an overlap resistance that sits above the 50.0% Fibonacci retracement level
Take Profit: 1886.19
Why we like...
GBPJPY is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 184.759
Why we like it:
There is an overlap support that aligns with the 100.0% Fibonacci projection level
Stop Loss: 183.394
Why we like it:
There is a pullback support that sits below the 50.0% Fibonacci retracement...
SP500 is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 4434.09
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 4478.82
Why we like it:
There is an overlap resistance that sits above the 78.6% Fibonacci...
GBPUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.27854
Why we like it:
There is an overlap resistance
Stop Loss: 1.28693
Why we like it:
There is a pullback resistance that sits above the 61.8% Fibonacci retracement level
Take Profit: 1.26726
Why we like it:
There is an...
