GBPAUD - 24h expiry - We look to Buy at 1.8750 (stop at 1.8690)
Previous support located at 1.8800.
Previous resistance located at 1.8850.
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...
USDCAD is falling towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.31777
Why we like it:
There is an overlap support that sits above the 61.8% Fibonacci projection level
Stop Loss: 1.31466
Why we like it:
There is an overlap support that sits above the 78.6% Fibonacci projection...
USOUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 72.782
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 74.377
Why we like it:
There is an overlap resistance
Take Profit: 70.113
Why we like...
BTCUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 28177.91
Why we like it:
There is an overlap support that sits above the 23.6% Fibonacci retracement level
Stop Loss: 27247.31
Why we like it:
There is an overlap support that sits under the 38.2% Fibonacci retracement...
Advanced Micro Devices - 30d expiry - We look to Sell a break of 115.68 (stop at 122.08)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
We have a Gap open at 25/5 from 108.27 to 117.31.
A higher correction is...
CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490)
We are trading at oversold extremes.
Short term bias has turned positive.
This is positive for sentiment and the uptrend has potential to return.
We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098.
Preferred trade is to buy on dips.
Our profit targets will be 12770 and 12810...
EURUSD has bounced off a key overlap support and is moving higher. We could see momentum carry price up to our take profit target.
Entry: 1.09118
Why we like it:
There is an overlap support
Stop Loss: 1.08472
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Take Profit: 1.10054
Why we like it:
There is an...
USDJPY is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 141.328
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 140.754
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci...
XAUUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 1969.58
Why we like it:
There is an overlap resistance
Stop Loss: 1984.20
Why we like it:
There is an overlap resistance that sits above the 78.6% Fibonacci projection level
Take Profit: 1933.96
Why we like...
GBPUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26800
Why we like it:
There is an overlap support that sits above the 38.2% Fibonacci retracement level
Stop Loss: 1.25968
Why we like it:
There is an overlap support that sits under the 50.0% Fibonacci retracement...
DXY is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 102.712
Why we like it:
There is an overlap resistance that sits above the 23.6% Fibonacci retracement level
Stop Loss: 103.287
Why we like it:
There is an overlap resistance that sits above the 50.0% Fibonacci...
AUDUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.68354
Why we like it:
There is an overlap support
Stop Loss:0.67932
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 0.68996
Why we like it:
There is a...
XAUUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1933.96
Why we like it:
There is an overlap support
Stop Loss: 1910.92
Why we like it:
There is an overlap support
Take Profit: 1969.58
Why we like it:
There is an overlap resistance
Please be advised that the...
EURUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.09118
Why we like it:
There is an overlap support
Stop Loss: 1.08472
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Take Profit: 1.10054
Why we like it:
There is...
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...
With the ECB seemingly acting more hawkish than the Federal Reserve at their respective central bank meetings, the U.S. dollar has weakened considerably. Could EURUSD hit the buy entry and potentially climb higher from here? We could see momentum carry price up to our take profit target.
Entry: 1.09497
Why we like it:
There is an overlap resistance
Stop Loss:...
With the BoJ maintaining its ultra-dovish monetary policy stance, the Japanese yen is extremely fragile. GBPJPY has hit the buy entry and could potentially climb higher from here. We could see momentum carry price up to our take profit target.
Entry: 180.707
Why we like it:
There is an overlap resistance
Stop Loss: 178.757
Why we like it:
There is an overlap...
USOUSD is close to a key resistance and potentially reverse to drop lower from here. We could see price move down to our take profit target.
Entry: 70.918
Why we like it:
There is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 72.952
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci...
