Starbucks
Shortterm - We look to Buy at 76.22 (stop at 71.07)
The trend of higher lows is located at 70.80. This is positive for sentiment and the uptrend has potential to return. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to buy dips.
Although the anticipated move is corrective, it does offer...
Litecoin
Intraday - We look to Sell at 50.54 (stop at 52.28)
A bearish Head and Shoulders has formed. Expect trading to remain mixed and volatile. A move through bespoke support at 49.60 and we look for extended losses. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 44.02 and 41.01
Resistance: 55.00 /...
On the H4, with price moving above the ichimoku cloud and in an ascending trendline, we have a bullish bias that price will continue to rise from the 1st support at 1.53278 at the pullback support in line with the 61.8% fibonacci projection and 100% fibonacci projection to the 1st resistance at 1.55976 at the pullback resistance. Alternatively, price may reverse...
AUDUSD
Intraday - We look to Sell at 0.6880 (stop at 0.6925)
Buying pressure from 0.6764 resulted in prices rejecting the dip. The current move higher is expected to stall at trend line resistance. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 0.6750 and...
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will rise and drop from our sell entry at 1.21597 where the horizontal overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are to our take profit at 1.19331 where the horizontal swing low support and 78.6% fibonacci projection are. Alternatively,...
Bitcoin
Intraday - We look to Buy at 18018 (stop at 17348)
We have a 78.6% Fibonacci pullback level of 17800 from 3850 to 69000. 17592 has been pivotal. We look to buy dips. Trading close to the psychological 20000 level. Bespoke support is located at 18000. Levels below 20000 continue to attract buyers.
Our profit targets will be 19688 and 20088...
Verizon Communications Inc
Short Term - We look to Sell at 50.20 (stop at 51.90)
A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. 50 4hour EMA is at 50.38. We expect a significant move lower if prices manage to break the 50.38 support. Further downside is expected.
Our profit targets will be...
USDCAD
Intraday - We look to Buy at 1.2850 (stop at 1.2790)
Previous support located at 1.2900. Previous resistance located at 1.2950. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum.
Our profit targets will be 1.3000...
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to our buy entry at 136.731 where the swing high resistance and 61.8% fibonacci projection are. Once there is upside confirmation, we would expect bullish momentum to carry price to our take profit at 140.736 where the 61.8% fibonacci projection is ....
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will continue to drop from the 1st resistance at 0.69611 in line with the 50% fibonacci retracement to the 1st support at 0.68300 in line with the swing low and 61.8% Fibonacci projection .Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance...
On the H4, with price the break of the ichimoku cloud , we have a bearish bias that price will continue to drop from our entry at 106.82 in line with the horizontal swing low resistance to our take profit area at 101.22 in line with the horizontal swing low support. Alternatively, price may reverse off and rise to our stop loss at 112.04 where the 23.6% fibonacci...
On the H4, with price moving above our ascending channel and ichimoku cloud, we have a bullish bias that price will rise from our entry at 30492 where the 61.8% Fibonacci retracement is to our take profit area of 31932 in line with the horizontal swing high resistance and 61.8% fibonacci retracement. Alternatively, price may break structure and head for our stop...
Microsoft
Short Term - We look to Sell at 260.71 (stop at 269.78)
The primary trend remains bearish. A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 238.72 and 230.00
Resistance: 267.00 /...
Litecoin
Intraday - We look to Sell at 54.83 (stop at 56.60)
The primary trend remains bearish. A bearish Head and Shoulders is forming. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Further downside is expected although we prefer to sell into rallies close to the 55.00 level.
Our profit targets will be...
EURNZD
Intraday - We look to Buy at 1.6721 (stop at 1.6684)
Daily signals are mildly bullish. Expect trading to remain mixed and volatile. Trend line support is located at 1.6710. Bespoke support is located at 1.6700. We look to buy dips.
Our profit targets will be 1.6814 and 1.6834
Resistance: 1.6840 / 1.6870 / 1.6900
Support: 1.6770 / 1.6640 / 1.6600
...
On the H4, with price recently breaking the ascending trendline, we have a bearish bias that price will drop from the 1st resistance at 1.51707 at the overlap resistance in line with 23.6% fibonacci retracement , 38.2% fibonacci retracement and 61.8% fibonacci projection to the 1st support at 1.48930 at the pullback support in line with the 100% fibonacci...
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to our buy entry at 136.731 where the swing high resistance is. Once there is upside confirmation, we would expect bullish momentum to carry price to our take profit at 140.736 where the 61.8% fibonacci projection is . Alternatively, price may drop to stop loss...
