CHN50 - 24h expiry
Selling posted close to the previous high of 13800.
13868 has been pivotal.
Bespoke resistance is located at 13800.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
We look to Sell at 13795 (stop at 13875)
Our profit targets will be 13555 and 13505...
The Japanese yen is negative ground on Thursday. In the North American session, USD/JPY is trading at 144.06, up 0.47%.
The US and Japan are racing to reach a trade deal before a deadline of July 9. There are some serious roadblocks to a deal, including the current US tariff of 25% on Japanese cars and opening Japan's agricultural sector, particularly rice....
NZDUSD - 24h expiry
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 poor to call a buy from current levels.
A move through 0.6100 will confirm the bullish momentum.
The measured move...
NZDJPY - 24h expiry
Trading has been mixed and volatile.
Price action looks to be forming a top.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 87.80.
We look to Sell at 87.80 (stop at 88.00)
Our profit targets will be 87.00 and 86.85
Resistance: 87.80 / 88.00 / 88.25
Support: 87.20 / 87.00...
The euro is up for an eighth consecutive day and has gained 2.4% during that time. In the North American session, EUR/USD is trading at 1.1738, up 0.36% on the day.
German inflation data on Monday pointed to a weakening German economy. The CPI report indicated that the deflationary process slowly continues. The inflation rate for June came in at 0% m/m, down from...
The Japanese yen has edged higher on Friday. In the North American session, USD/JPY is trading at 144.57, up 0.16% on the day.
Tokyo Core CPI surprised on the downside in June, falling to 3.1% y/y. This was down sharply from the 3.6% gain in May and below the market estimate of 3.3%. This was the the first slowdown in Tokyo core inflation since February. The...
NZDJPY - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the intraday chart.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 87.30.
We look to Buy at 87.30 (stop at 87.10)
Our profit targets will be 88.00 and 88.20
Resistance: 87.80...
The Japanese yen has posted strong gains on Thursday. In the North American session, USD/JPY is trading at 144.14, down 0.55% on the day. Earlier, USD/JPY fell as low as 143.75, its lowest level since June 13.
Tokyo Core CPI, a leading indicator of nationwide inflation trends, will be released early Thursday. Tokyo Core CPI hit 3.6% in May, its highest level in...
EURAUD - 24h expiry
The primary trend remains bullish.
Short term RSI is moving lower.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 1.7840.
We look to Buy at 1.7840 (stop at 1.7805)
Our profit targets will be 1.7980 and 1.8000
Resistance: 1.7920 / 1.7990 / 1.8020
Support:...
The Australian dollar is showing limited movement on Wednesday. In the European session, AUD/USD is trading at 0.6495, up 0.08% on the day.
Australia's inflation rate headed lower in May. Headline CPI rose 2.1%, after gains of 2.4% in the previous three months. This was below the market estimate of 2.3%. Monthly, CPI eased to 0.4%, driven by lower petrol and...
NIK225 - 24h expiry
Short term RSI has turned positive. Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 38750 will confirm the bullish momentum.
The measured move target is 39500.
We look to Buy at 38500 (stop at 38200)
Our profit targets will be 39250 and 39500
Resistance: 39000 / 39250 /...
The Australian dollar is up sharply on Tuesday. In the North American session, AUD/USD is trading at 0.6504, up 0.70% on the day.
Investors' risk appetite is higher today after Israel and Iran agreed to a ceasefire in their 12-day war. The markets have reacted favorably to lower oil prices as fears that Iran would close the Straits of Hormuz, which would have...
NZDUSD - 24h expiry
Price action looks to be forming a top.
Further downside is expected.
Risk/Reward is ample to call a sell from current levels.
A move through 0.5910 will confirm the bearish momentum.
The measured move target is 0.5875.
We look to Sell at 0.5975 (stop at 0.6005)
Our profit targets will be 0.5900 and 0.5875
Resistance: 0.5950 / 0.5960...
The Japanese yen has started the week with sharp losses. In the European session, USD/JPY has jumped 1.2% on the day and is trading at 147.82. The yen has fallen to five-week lows against the US dollar.
The fallout from the US attack on Iranian nuclear facilities over the weekend is being felt in the currency markets. The Japanese yen, traditionally a safe-haven...
The British pound has gained ground for a second straight day. In the European session, GBP/USD is trading at 1.3496, up 0.22% on the day.
UK retail sales took a tumble in May, falling 2.7% m/m. This followed an upwardly revised 1.3% increase in April and was much worse than the market estimate of -0.5%. This marked the steepest decline since December 2023 and...
ASX200 - 24h expiry
Short term bias has turned negative.
A shooting star has been posted on the weekly charts.
Bearish divergence is expected to cap gains.
Previous resistance located at 8550.
50 4hour EMA is at 8528.
We look to Sell at 8529 (stop at 8581)
Our profit targets will be 8375 and 8355
Resistance: 8543 / 8574 / 8594
Support: 8476 / 8400 /...
The British pound is showing limited movement for a second straight day. In the European session, GBP/USD is trading at 1.3435, up 0.18% on the day.
The Bank of England didn't have any surprises up its sleeve as it held rates at 4.25%. This follows a quarter-point cut at last month's meeting. The MPC vote indicated that six members voted to hold while three voted...
EURAUD - 24h expiry
The primary trend remains bullish.
The selloff is close to an exhaustion count on the daily chart.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 1.7620.
We look to Buy at 1.7620 (stop at 1.7585)
Our profit targets will be 1.7760 and 1.7790
Resistance:...
