OANDA:XAUUSD FX:XAUUSD FX_IDC:XAUUSD FOREXCOM:XAUUSD SAXO:XAUUSD Yesterday's video idea in Gold managed to trigger (only just!) and prices reverted lower. We continue to prefer selling rallies on the intraday play despite being bullish over the medium/longer term. Trade Idea Gold - Intraday - We look to Sell at 1398 (stop at 1404) The medium term bias...
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY SAXO:USDJPY USDJPY - Intraday - We look to Buy at 108.35 (stop at 108.05) 3 positive daily performances in succession. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. The AB=CD formation target is located at 109.27. Bespoke resistance is located at...
FX:EURGBP OANDA:EURGBP FOREXCOM:EURGBP SAXO:EURGBP TODAY ONLY EURGBP - Intraday - We look to Buy at 0.8955 (stop at 0.8925) Price action has formed an expanding wedge formation. The trend of higher highs is located at 0.9092. The trend of higher lows is located at 0.8939. Dips continue to attract buyers. Our medium term bias is bearish below 0.8939...
FX:USDCAD OANDA:USDCAD FOREXCOM:USDCAD SAXO:USDCAD USDCAD - Intraday - We look to Sell at 1.3144 (stop at 1.3179) 3 positive daily performances in succession. The move higher is mixed and volatile, common in corrective sequences. The 161.8% Fibonacci extension is located at 1.3035 from 1.3565 to 1.3238. The previous swing high is located at 1.3145....
FX:SPX500 OANDA:SPX500USD US500 - Intraday - We look to Buy at 2954 (stop at 2944) Previous resistance at 2959 now becomes support. Bespoke support is located at 2954. The 161.8% Fibonacci extension is located at 2946 from 3000 to 2967. The previous swing low is located at 2951. Preferred trade is to buy on dips. Our profit targets will be 2979 and...
Weekly chart Correction to above 61.8% Fibonacci retracement Formed shooting star candle Positive week presents selling opportunity Daily chart Impulsive move higher to 13880 Common corrective sequence ABC Sell into rally near 12250-12500 Stop at 14000 Target 1: 8000 Target 2: 7232
OANDA:XAUUSD FX:XAUUSD FX_IDC:XAUUSD FOREXCOM:XAUUSD SAXO:XAUUSD Trade Idea Intraday - We look to Sell at 1400 (stop at 1407) The medium term bias remains bullish. With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals. Selling posted in Asia. Expect trading to remain mixed...
FX:EURNZD OANDA:EURNZD FOREXCOM:EURNZD FX_IDC:EURNZD Monthly – Bearish bias inside the triangle formation Weekly – Bearish bias with an Evening Doji Star close to 61.8% (Marabuzo resistance at 1.7085) Intraday – Reverse Head and Shoulders forming. We look to buy into dips We look to buy at 1.6860 Stop 1.6800 Target 1.7150 (4:83 reward to risk) The...
Trade Idea The medium term bias remains bullish. Bespoke support is located at 7470. We look for a re-test of the upward trending support. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. We look to Buy at 7470 Stop: 7440 Target 1: 7560 Target 2: 7650 Trade ideas & daily market report July 9th...
Trade Idea Broken out of the channel formation to the upside. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 75.10. We have a 50% Fibonacci pullback level of 75.10 from 73.93 to 76.20. Expect trading to remain mixed and volatile. We look to Buy at 75.10 Stop: 74.80 Target 1: 76.10 Target 2: 76.35 ...
Trade Idea Broken out of the triangle formation to the downside. Continued downward momentum from 137.79 resulted in the pair posting net daily losses yesterday. There is scope for mild buying at the open but gains should be limited. We look for a re-test of the upward trending resistance. We have a 61.8% Fibonacci pullback level of 136.79 from 137.79 to...
Trade Idea Trading within a Bullish Channel formation. Bespoke support is located at 12435. Positive overnight flows lead to an expectation of a firm open this morning. Further upside is expected although we prefer to buy into dips close to the 12435 level. We look to Buy at 12435 Stop:12365 Target 1: 12675 Target 2: 12800 Updates The move to 12435...
Trade Idea Broken out of the channel formation to the upside. Bespoke resistance is located at 1.2532. There is scope for mild buying at the open but gains should be limited. A higher correction is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Preferred trade is to sell into rallies. We look to Sell...
Trade Idea Broken out of the channel formation to the upside. Trading within a Corrective Channel formation. Bespoke support is located at 1.1132. We look for a re-test of the downward trending support. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Expect trading to remain mixed and volatile. We look to Buy at...
OANDA:EURUSD FOREXCOM:EURUSD SAXO:EURUSD EURUSD - Intraday - We look to Sell at 1.1275 (stop at 1.1310) Trades at the lowest level in 11 days. Trading inside the Daily Ichimoku Cloud. Expect trading to remain mixed and volatile. The 261.8% Fibonacci extension is located at 1.1233 from 1.1412 to 1.1344. Previous resistance at 1.1275 now becomes support....
FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Buy at 0.9868 (stop at 0.9838) The trend of lower highs is located at 0.9935. Intraday, and we are between bespoke support and resistance 0.9868-0.9947. The rally is close to an exhaustion count on the intraday chart. There is no clear indication that the upward move is...
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY SAXO:USDJPY USDJPY - Intraday - We look to Buy at 108.03 (stop at 107.73) Broken out of the Head and Shoulders formation to the upside. Selling posted in Asia. Intraday, and we are between bespoke support and resistance 108.03-109.15. The formation has a measured move target of 110.20. Trend line resistance is...
FX:USDCAD OANDA:USDCAD FOREXCOM:USDCAD SAXO:USDCAD USDCAD - Intraday - We look to Sell at 1.3146 (stop at 1.3186) The medium term bias remains bearish. A Fibonacci confluence area is located at 1.2710. Price action has formed an expanding wedge formation. The 161.8% Fibonacci extension is located at 1.3036 from 1.3565 to 1.3238. Expect trading to remain...