EURJPY is rising towards a key resistance and could potentially reverse from here. We could see price drop down to our take profit target. Entry: 157.939 Why we like it: There is an overlap resistance at the recent swing-high Stop Loss: 159.115 Why we like it: There is a resistance level that aligns with the 61.8% Fibonacci projection level Take Profit:...
USDCAD is falling towards a swing-low support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 1.30989 Why we like it: There is a swing-low support Stop Loss: 1.30142 Why we like it: There is a support level that aligns with a confluence of Fibonacci levels i.e. the -27.2% Fibonacci expansion and 78.6%...
DJ30 could fall towards a pullback support and potentially reverse from here. We could see price bounce up to our take profit target. Entry: 34951.05 Why we like it: There is a pullback support that aligns above the 23.6% Fibonacci retacement level Stop Loss: 34609.83 Why we like it: There is an overlap support that aligns below the 38.2% Fibonacci retracement...
BTCUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 295350.00 Why we like it: There is an overlap support Stop Loss: 28177.91 Why we like it: There is an overlap support that aligns below the 50.0% Fibonacci retracement level Take Profit: 31420.00 Why we like...
Abbott Labratories - 30d expiry - We look to Buy a break of 109.51 (stop at 106.31) The primary trend remains bullish. This stock has seen good sales growth. Expect trading to remain mixed and volatile. 109.34 has been pivotal. Posted a bullish Flag formation. A break of 109.34 is needed to confirm the outlook. The bias is to break to the upside. Our...
HS50 - 24h expiry - We look to Sell at 19213 (stop at 19373) We look to trade the current range. Trading has been mixed and volatile. Bespoke resistance is located at 19200. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets will be 18813 and 18733 Please be advised that the information presented on TradingView...
Bitcoin - 24h expiry - We look to Sell a break of 29435 (stop at 29835) Short term bias has turned negative. A break of yesterdays low would confirm bearish momentum. Broken out of the channel formation to the downside. We look for losses to be extended today. A higher correction is expected. Our profit targets will be 28435 and 28235 Resistance: 30000...
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98) Daily signals are mildly bearish. Previous support at 39 now becomes resistance. This stock has seen poor sales growth. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Our profit targets will be 33.98 and 32.98...
Litecoin - 24h expiry - We look to Sell at 97.78 (stop at 101.38) Bespoke resistance is located at 98. 97.85 has been pivotal. Short term bias has turned negative. The trend of higher intraday lows has also been broken. Preferred trade is to sell into rallies. Our profit targets will be 88.78 and 86.78 Resistance: 93.00 / 95.00 / 98.00 Support: 89.12 /...
CHN50 - 24h expiry - We look to Buy at 12425 (stop at 12345) Bespoke support is located at 12420. 12400 continues to hold back the bears. Expect trading to remain mixed and volatile. The medium term bias is neutral. We look for a temporary move lower. Our profit targets will be 12625 and 12665 Resistance: 12570 / 12630 / 12670 Support: 12500 / 12480 /...
EURGBP is rising towards a key resistance and could potentially reverse from here. We could see price drop down to our take profit target. Entry: 0.86487 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 0.87323 Why we like it: There is an overlap resistance that sits aligns with the 61.8% Fibonacci...
AUDJPY is falling towards a swing-low support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 93.297 Why we like it: There is a swing-low support that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and projection levels Stop Loss: 92.271 Why we like it: There is an overlap support...
USDJPY could fall towards an overlap support and potentially reverse from here. We could see price bounce up to our take profit target. Entry: 137.393 Why we like it: There is an overlap support that aligns above the 127.2% Fibonacci extension level Stop Loss: 136.180 Why we like it: There is a pullback support that aligns with the 78.6% Fibonacci retracement...
NZDUSD is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.62969 Why we like it: There is a pullback support Stop Loss: 0.62465 Why we like it: There is a pullback support that aligns above the 50.0% Fibonacci retracement level Take Profit: 0.63881 Why we like it: There...
Verizon Communications Inc. - 30d expiry - We look to Buy a break of 32.01 (stop at 30.01) We are trading at oversold extremes. This stock has recently been in the news headlines. In our opinion this stock is undervalued. A higher correction is expected. A break of bespoke resistance at 32, and the move higher is already underway. Our profit targets will...
EURAUD - Intraday - We look to Sell a break of 1.6450 (stop at 1.6505) Trading within the Channel formation. We look for price action to stay within the channel formation today. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. A move through 1.6425 will confirm the...
Bitcoin - 24h expiry - We look to Buy at 30011 (stop at 29211) We look to trade the current range. Bespoke support is located at 30000. Trading close to the psychological 30000 level. We look to buy dips. The primary trend remains bullish. Our profit targets will be 32011 and 32411 Resistance: 30400 / 30800 / 31400 Support: 30000 / 29500 / 29000 Please...
USDCHF is falling towards a recent swing-low support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.85658 Why we like it: There is a recent swing-low Stop Loss: 0.84876 Why we like it: There is an overlap support (when viewed on the weekly timeframe) Take Profit: 0.86770 Why we like it: There is a...