NZDUSD - 24h expiry
There is no indication that the selloff is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5600 will confirm the bearish momentum.
The measured move target is 0.5525.
We look to Sell at 0.5650 (stop at 0.5700)
Our profit targets will be 0.5550 and 0.5525...
The New Zealand dollar has rebounded on Tuesday. NZD/USD is trading at 0.5615, up 1.3% on the day. This follows a 5% plunge over the past two days.
The Reserve Bank of New Zealand is widely expected to lower interest rates by a quarter-point at its rate meeting on Wednesday. The markets have priced in a quarter-point cut at 75% and a jumbo half-point cut at 25%....
SPX500USD - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
Setbacks should be limited to yesterday's low.
We look to buy dips.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 4900.5 (stop at 4767.5)
Our profit targets will be 5295.5 and 5365.5
Resistance: 5219.6 /...
The Canadian dollar has stabilized on Monday after declining close to 1% on Friday. In the North American session, USD/CAD is trading at 1.4225, up 0.23% on the day. It has been a roller-coaster for the Canadian dollar, which jumped 1.1% on Thursday but gave up almost all of the gains a day later.
Canada's economy shed 32.6 thousand jobs in March, the biggest...
USDJPY - 24h expiry
The rally was sold and the dip bought resulting in mild net gains yesterday.
Selling posted in Asia.
We have a Gap open at 147.02 from 04.04 to 06.04.
The medium term bias remains bearish.
A Fibonacci confluence area is located at 143.68.
Preferred trade is to sell into rallies.
We look to Sell at 147.02 (stop at 148.02)
Our profit...
EURUSD - Intraday
Continued upward momentum from 1.0778 resulted in the pair posting net daily gains yesterday.
Trades at the highest level in 6 months.
A Fibonacci confluence area is located at 1.1105.
Our medium term bias is bearish below 1.1014 towards 1.0700.
There is scope for mild buying at the open but gains should be limited.
We look to Sell at...
The Canadian dollar has taken a break after an impressive three-day rally, in which the currency climbed about 2%. In the European session, USD/CAD is trading at 1.4148, up 0.39%. On Thursday, the Canadian dollar touched 140.26, its strongest level since December.
The hottest financial news is understandably the wave of selling in the equity markets, but there...
The Canadian dollar has taken a break after an impressive three-day rally, in which the currency climbed about 2%. In the European session, USD/CAD is trading at 1.4148, up 0.39%. On Thursday, the Canadian dollar touched 140.26, its strongest level since December.
The hottest financial news is understandably the wave of selling in the equity markets, but there...
AUDJPY - 24h expiry
There is no indication that the selloff is coming to an end.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 92.50 will confirm the bearish momentum.
The measured move target is 91.75.
We look to Sell at 93.00 (stop at 93.50)
Our profit targets will be 92.00 and 91.75...
EURAUD - 24h expiry
Trading has been mixed and volatile.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 1.7265.
We look to Sell at 1.7265 (stop at 1.7325)
Our profit targets will be 1.7025 and 1.7000
Resistance: 1.7250 / 1.7310 /...
The Australian dollar has posted strong gains for a second straight day. In the European session, AUD/USD is trading at 0.6306, up 0.47% on the day.
The Reserve Bank of Australia maintained the cash rate at 4.10% on Tuesday, in a move that was widely expected by markets. Still, the Australian dollar reacted positively, gaining 0.48% on Tuesday.
The RBA statement...
SPX500USD - 24h expiry
Daily signals are bearish.
Short term bias has turned negative.
Previous resistance located at 5700.
20 1day EMA is at 5699.8.
5705.4 has been pivotal.
We look to Sell at 5699.5 (stop at 5743.5)
Our profit targets will be 5585.5 and 5565.5
Resistance: 5630.0 / 5658.9 / 5700.0
Support: 5602.4 / 5564.3 / 5495.3
Risk Disclaimer
The...
AU200AUD - 24h expiry
Risk/reward is ample to call a sell trade.
Offers ample risk/reward to sell at the market.
Daily signals are bearish.
We are trading at oversold extremes.
20 1day EMA is at 7976.
We look to Sell at 7975 (stop at 8031)
Our profit targets will be 7815 and 7765
Resistance: 7981 / 8003 / 8028
Support: 7894 / 7860 / 7807
Risk...
The Japanese yen has gained ground on Tuesday. In the North American session, USD/JPY is trading at 149.27, down 0.47% on the day.
The yen was red-hot in the fourth quarter of 2024, gaining a massive 9.5% against the US dollar, but has reversed directions in Q1, declining 4.7%.
The Manufacturing Tankan index indicated that confidence among manufacturers eased to...
EURAUD - 24h expiry
Trading has been mixed and volatile.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Bespoke resistance is located at 1.7360.
We look to Sell at 1.7360 (stop at 1.7420)
Our profit targets will be 1.7120 and 1.7080
Resistance: 1.7360 / 1.7420 / 1.7470
Support:...
EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action looks to be forming a top.
Preferred trade is to sell into rallies.
A lower correction is expected.
Bespoke resistance is located at 162.35.
We look to Sell at 162.35 (stop at 162.75)
Our profit targets will be 160.75 and...
US500 - Intraday
Closed the day little net changed.
An overnight negative theme in Equities has led to a lower open this morning.
Immediate signals are hard to interpret.
Bespoke resistance is located at 5853.
Bespoke support is located at 5536.
Dips continue to attract buyers.
We look to Buy at 5609 (stop at 5572)
Our profit targets will be 5719 and 5853...
NIK225 - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
Short term bias is mildly bullish. Preferred trade is to buy on dips.
Weekly pivot is at 37485.
We look to Buy at 37485 (stop at 37131)
Our profit targets will be 38496 and 40675
Resistance: 38275 / 40675 / 42155
Support: 36790 / 35590 /...
