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...
XAUUSD could rise towards a key resistance and potentially reverse to drop lower from here. We could see price move down to our take profit target.
Entry: 1983.14
Why we like it:
There is an overlap resistance that aligns close to the 127.2% Fibonacci extension level
Stop Loss: 2003.11
Why we like it:
There is an overlap resistance that aligns with the 161.8%...
Kinder Morgan - 24h expiry - We look to Buy at 16.11 (stop at 15.44)
16 continues to hold back the bears.
16 has been pivotal.
Dips continue to attract buyers.
We are trading at oversold extremes.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to buy dips.
Our profit targets will be 17.77 and...
HS50 - 24h expiry - We look to Buy at 19450 (stop at 19250)
We are trading at overbought extremes.
A lower correction is expected.
Short term bias has turned positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 19430 level.
Our...
Ethereum - 24h expiry - We look to Buy a break of 1665 (stop at 1625)
We are trading at oversold extremes.
With signals for sentiment at oversold extremes, the dip could not be extended.
A higher correction is expected.
The bias is to break to the upside.
Bullish divergence is expected to support prices.
Our profit targets will be 1765 and...
USDCAD 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: 1.32787
Why we like it:
There is an overlap support at the recent swing-low
Stop Loss: 1.32359
Why we like it:
There is an overlap support that aligns close to a confluence of Fibonacci projection and expansions...
DXY has stalled around the 38.2% Fibonacci retracement level and could potentially reverse to drop lower from here. We could see price move down to our take profit target.
Entry: 103.287
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 103.637
Why we like it:
There is an overlap resistance that sits...
CHFJPY could fall towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 155.374
Why we like it:
There is an overlap support that sits above the 38.2% Fibonacci retracement level
Stop Loss: 154.753
Why we like it:
There is an overlap support that sits below the 50.0% Fibonacci...
GBPNZD is falling towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 2.03638
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 2.02158
Why we like it:
There is an overlap support that sits below the 50.0% Fibonacci...
The Trade Desk - 30d expiry - We look to Buy at 72.11 (stop at 67.11)
Daily signals are bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the upward move is coming to an end.
We look to buy dips.
This stock has seen good sales growth.
The 1...
GBPNZD - 24h expiry
Previous support located at 2.0400.
Previous resistance located at 2.0450.
Price continues to trade within the triangle formation.
A move through 2.0375 will confirm the bearish momentum.
The formation has a measured move target of 2.0100.
We look to Sell a break of 2.0390 (stop at 2.0460)
Our profit targets will be 2.0220 and 2.0180...
Ethereum - 24h expiry - We look to Buy a break of 1777 (stop at 1737)
Trading within a Corrective Channel Formation.
A break of the recent high at 1775 should result in a further move higher.
Posted a Double Bottom formation.
Bullish divergence is expected to support prices.
Daily signals are mildly bullish.
Our profit targets will be 1877 and 1896...
USOUSD is rising into a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 70.638
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 72.806
Why we like it:
There is an overlap resistance that sits under the 50.0% Fibonacci retracement...
DAX40 could rise into a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 16303.35
Why we like it:
There is a swing-high resistance at the recent all-time high
Stop Loss: 16375.44
Why we like it:
There is resistance at the 100.0% Fibonacci projection level
Take Profit: 16108.97
Why we like...
