NZDUSD is falling towards a key support level and reverse from here. We could see price bounce up to our take profit target. Entry: 0.63147 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement Stop Loss: 0.62758 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement Take Profit:...
BTCUSD could drop to a key support level and reverse from here. We could see price bounce up to our take profit target. Entry: 27221 Why we like it: There is an overlap support Stop Loss: 26707 Why we like it: There is an overlap support Take Profit: 28356 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement Please be...
DXY is approaching a key resistance level and reverse from here. We could see price move down to our take profit target. Entry: 101.880 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement Stop Loss: 102.260 Why we like it: There is an overlap resistance Take Profit: 101.027 Why we like it: There is an overlap...
USDCHF is approaching a key resistance level and reverse from here. We could see price move down to our take profit target. Entry: 0.89431 Why we like it: There is an overlap resistance Stop Loss: 0.89756 Why we like it: There is an overlap resistance Take Profit: 0.88643 Why we like it: There is an overlap support close to the 78.6% Fibonacci...
BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88) Intraday signals are bearish. Price action is forming a bearish flag which has a bias to break to the downside. 620 has been pivotal. A break of the recent low at 620 should result in a further move lower. This stock has recently been in the news headlines. Short term momentum is...
CHN50 - 24h expiry - We look to Buy at 13005 (stop at 12925) We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Our short term bias remains positive. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we...
XRP - 24h expiry - We look to Sell at 0.4494 (stop at 0.4614) Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. Preferred trade is to sell into rallies. Previous support, now becomes resistance at 0.4500. Our profit targets will be 0.4194 and 0.4134...
GBPUSD could fall towards a key support level and reverse from here. We could see price bounce up to our take profit target. Entry: 1.25465 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement Stop Loss: 1.24852 Why we like it: There is an overlap support that aligns with the 78.6% Fibonacci retracement Take Profit:...
US500 is falling towards a key support level and reverse from here. We could see price bounce up to our take profit target. Entry: 4058.45 Why we like it: There is an overlap support at the recent swing-lows Stop Loss: 4016.35 Why we like it: There is an overlap support Take Profit: 4132.25 Why we like it: There is an overlap resistance that aligns with the...
XAUUSD could fall towards a key support level and reverse from here. We could see price bounce up to our take profit target. Entry: 2010.000 Why we like it: There is an overlap support that aligns with the 61.8% Fibonacci retracement Stop Loss: 1998.065 Why we like it: There is an overlap support that aligns with the 78.6% Fibonacci retracement Take Profit:...
GER30 is approaching a key resistance level and reverse from here. We could see price move down to our take profit target. Entry: 16007.70 Why we like it: There is an overlap resistance at the recent swing-high Stop Loss: 16152.18 Why we like it: There is an overlap resistance that sits slightly above the 127.2% Fibonacci extension Take Profit: 15641.60 Why we...
Bristol-Myers Squibb Co - 30d expiry - We look to Buy a break of 71.21 (stop at 68.61) Prices have reacted from 65.28. 65.28 has been pivotal. Posted a Double Top formation. 71.07 has been pivotal. A break of the recent high at 71.07 should result in a further move higher. This stock has seen good sales growth. Our profit targets will be 77.71 and 78.71...
Litecoin - 24h expiry Previous support at 84.00 now becomes resistance. We look for a temporary move higher. Our short term bias remains negative. 50 4hour EMA is at 84.33. We are trading at oversold extremes. We look to Sell at 84.23 (stop at 87.23) Our profit targets will be 77.23 and 75.23 Resistance: 80.00 / 82.00 / 84.00 Support: 76.60 / 75.20 /...
CHN50 - 24h expiry Selling posted in Asia. The current move lower is expected to continue. 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 13200 level. We look to Buy at 13205 (stop at 13125)...
GER40 - 24h expiry - We look to Buy at 15921 (stop at 15841) Daily signals are bullish. The primary trend remains bullish. Previous resistance at 15900 now becomes support. We are trading at overbought extremes. A lower correction is expected. We look to buy dips. Our profit targets will be 16121 and 16171 Resistance: 16010 / 16100 / 16200 Support:...
USDCAD could approach a key resistance level and reverse from here. We could see price move down to our take profit target. Entry: 1.34220 Why we like it: There is an overlap resistance close to the 38.2% Fibonacci retracement Stop Loss: 1.35230 Why we like it: There is an overlap resistance close to the 61.8% Fibonacci retracement Take Profit: 1.33231 Why we...
DXY could approach a key resistance level and reverse from here. We could see price move down to our take profit target. Entry: 101.965 Why we like it: There is an overlap resistance that sits just above the 61.8% Fibonacci retracement Stop Loss: 102.260 Why we like it: There is an overlap resistance close to the recent swing-high Take Profit: 101.136 Why we...
BTCUSD could fall towards a key support level and potentially bounce from here. We could see price move up to our take profit target. Entry: 27154.00 Why we like it: There is an overlap support at the recent swing-low Stop Loss: 26707.00 Why we like it: There is an overlap support that aligns just under the 38.2% Fibonacci retracement Take Profit: 28575.00 Why...