HS50 - 24h expiry - We look to Sell at 18345 (stop at 18545)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a...
USDCHF is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.89031
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.88688
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci...
WTI oil (USOUSD) could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 88.140
Why we like it:
There is a pullback support level
Stop Loss: 84.898
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement level
Take Profit: 92.087
Why we like...
The Euro (EURUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.07659
Why we like it:
There is an overlap resistance level that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 1.08316
Why we like it:
There is an overlap resistance level that aligns beyond...
USDCAD is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 1.35062
Why we like it:
There is a pullback support
Stop Loss: 1.34326
Why we like it:
There is a support level that aligns with the 127.2% Fibonacci extension level
Take Profit: 1.36126
Why we like it:
There is an overlap...
Ethereum - 24h expiry - We look to Sell a break of 1578 (stop at 1610)
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
There is no clear indication that the downward move is coming to an end.
A break of the recent low at 1579 should result in a further move lower.
Daily signals are bearish.
Our...
Coinbase - 30d expiry - We look to Sell a break of 71.88 (stop at 77.88)
The primary trend remains bullish.
This stock has seen poor sales growth.
There is no clear indication that the downward move is coming to an end. 72.10 has been pivotal.
A break of the recent low at 72.10 should result in a further move lower.
Our profit targets will be 56.88 and...
NZDJPY - 24h expiry - We look to Buy at 86.75 (stop at 86.43)
Indecisive price action has resulted in sideways congestion on the intraday chart.
The RSI is trending lower.
Risk/Reward would be poor to call a buy from current levels.
A move through 87.50 will confirm the bullish momentum.
The measured move target is 88.00.
Our profit targets will be 87.55...
Gold (XAUUSD) could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 1915.99
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1928.16
Why we like it:
There is a pullback resistance that aligns close to the 50.0% Fibonacci...
USDJPY could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 146.150
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 144.537
Why we like it:
There is a multiple swing-low support level
Take Profit: 149.178
Why we like it:
There...
GBPUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.25278
Why we like it:
There is an overlap resistance level
Stop Loss: 1.25839
Why we like it:
There is an overlap resistance level that aligns beyond the 38.2% Fibonacci retracement level
Take Profit: 1.24457
Why we like...
CHFJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 165.734
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 166.581
Why we like it:
There is a multiple swing-high resistance
Take Profit: 164.040
Why we like...
GBPAUD - 24h expiry - We look to Sell at 1.9500 (stop at 1.9570)
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.9400 will confirm the bearish momentum.
The RSI is trending lower.
Our profit targets will be 1.9320 and 1.9270...
XRP - 24h expiry - We look to Buy a break of 0.4801 (stop at 0.4641)
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Prices have reacted from 0.4550.
Bullish divergence is expected to support prices.
The bias is to break to the upside.
A Morning Doji Star formation has been posted at the low....
General Motors Company - 30d expiry - We look to Buy a break of 34.33 (stop at 32.53)
Price action looks to be forming a bottom.
Bullish divergence is expected to support prices.
Posted a Double Bottom formation.
The bias is to break to the upside.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
Our profit targets will be...
SP500 is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 4529.64
Why we like it:
There is an overlap resistance
Stop Loss: 4605.64
Why we like it:
There is a swing-high resistance that aligns with the 161.8% Fibonacci extension level
Take Profit: 4433.09
Why we like it:
There is a...
Ethereum (ETHUSD) could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 1616.65
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1671.46
Why we like it:
There is a swing-high resistance
Take Profit: 1540.08
Why we like...
The Kiwi (NZDUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59444
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.60148
Why we like it:
There is a swing-high resistance
Take Profit: 0.58590
Why we like...
