On the H4 chart, the overall bias for ZC1! is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. With price tapping into my sell entry at 675.00, where the 50% Fibonacci line is, I am looking to take profit at 632.00, where the 50% Fibonacci line is. Stop loss will be at 685.25, slightly above where the 61.8%...
GBPUSD - Intraday - We look to Buy at 1.1970 (stop at 1.1875)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a...
XAUUSD - Intraday - We look to Buy at 1735.0 (stop at 1725.0)
The medium term bias remains bullish. Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Further upside is expected...
EURCHF - Intraday - We look to Sell at 0.9879 (stop at 0.9901)
Short term bias has turned negative. Short term MACD has turned negative. Expect trading to remain mixed and volatile. We look for a temporary move higher. 0.9891 has been pivotal.
Our profit targets will be 0.9823 and 0.9813
Resistance: 0.9840 / 0.9870 / 0.9890
Support: 0.9810 / 0.9790 /...
The overall bias for DJI is bullish on the H4 chart. Additionally, the price is above the Ichimoku cloud, demonstrating a bullish market. Looking for an immediate buy entry at swing high 34106. 01 for this trade. At the previous swing low of 33063.05, where my relative safe stop loss is located, The previous swing high, or 35492.22, will serve as the take-profit...
The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish market. Looking for a retracement buy entry at 0.62044, where the previous swing high was. Stop loss will be set at 0.60872, where the previous swing low is. Take profit will be at 0.63525, where the 61.8% Fibonacci line is located.
Please be advised that the...
On H4 chart, we have a bearish bias for USDJPY with the price moving below the Ichimoku cloud . With price tapping into our pullback sell entry at 0.95556, where the 23.6% and 78.6% Fibonacci line is located. Stop loss will be set at 0.96595, where the 38.2% and 61.8% Fibonacci lines are located. Take profit will be at 0.91588, where the 127.2% Fibonacci extension...
Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 140.506, where the 38.2% Fibonacci line is. Stop loss will be at 138.873, slightly below where the 61.8% Fibonacci line is. Take profit will be at 143.501, slightly above where the 61.8%...
On the H4 chart, the overall bias for ZC1! is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. With price tapping into my sell entry at 675.00, where the 50% Fibonacci line is, I am looking to take profit at 632.00, where the 50% Fibonacci line is. Stop loss will be at 685.25, slightly above where the 61.8%...
USDCAD - Intraday - We look to Buy at 1.3325 (stop at 1.3260)
Previous support located at 1.3350. Previous resistance located at 1.3400. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.3400 will confirm the bullish momentum.
Our profit targets will be 1.3475 and 1.3500
Resistance:...
Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the ascending trend line. Looking for a pullback buy entry at 1.16820, where the 50% Fibonacci line is. Take profit will be at 1.20487, where the 88%...
FTSE100 - Intraday - We look to Buy at 7400 (stop at 7340)
Previous support located at 7450. Previous resistance located at 7500. Further upside is expected although we prefer to set longs at our bespoke support levels at 7400, resulting in improved risk/reward. A move through 7500 will confirm the bullish momentum.
Our profit targets will be 7550 and 7600
...
On H4 chart, we have a bearish bias for EURUSD with the price moving below the Ichimoku cloud. Looking for a sell at 1.03372, where the 50% Fibonacci lines are located. Stop loss will be at 1.04818, where the previous high is located. I am looking to take profit at 1.00937, where the 50% Fibonacci line is located.
Please be advised that the information presented...
On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a retracement buy entry at 32818.16, where the 50% and 23.6% Fibonacci lines are located. Stop loss will be set at 31711.78, slightly below where 2 of the 38.2% Fibonacci lines are located. I am looking to...
Microchip Technology - Short Term - We look to Sell at 74.14 (stop at 80.98)
Momentum is stalling with the posting of new highs and indicates bearish divergence. Bearish divergence is expected to cap gains. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move lower. We have a Gap open...
GER40 - Intraday - We look to Sell at 14439 (stop at 14521)
We are trading at overbought extremes. Bearish divergence is expected to cap gains. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move higher. The bearish engulfing candle on the 4 hour chart is negative for sentiment....
GBPCHF - Intraday - We look to Sell at 1.1340 (stop at 1.1410)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 1.1366. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction...
On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a retracement buy entry at 32818.16, where the 50% and 23.6% Fibonacci lines are located. Stop loss will be set at 31711.78, slightly below where 2 of the 38.2% Fibonacci lines are located. I am looking to...
