AUDUSD
Intraday - We look to Sell at 0.7075 (stop at 0.7135)
We are trading at overbought extremes. The 200 day moving average should provide resistance at 0.7074. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies.
Our profit targets will be 0.6900 and 0.6780
Resistance: 0.7130 / 0.7315 / 0.7500
Support:...
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 1.74396 in line with the 61.8% fibonacci projection and pullback resistance to the 1st support at 1.72091 in line with the swing low and 78.6% fibonacci projection .
Alternatively, price may reverse...
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 133.770 where the horizontal swing low support and 23.6% fibonacci retracement are to our take profit at 136.598 in line with the 100% fibonacci projection and 61.8% fibonacci projection. Alternatively, price may break entry structure and...
NASDAQ
Intraday
We look to Buy a break of 11500 (stop at 11195)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous resistance located at 11502. Further upside is expected,...
GBPUSD
Intraday
We look to Sell at 1.2155 (stop at 1.2240)
We are trading at oversold extremes. A Doji style candle has been posted from the base. Previous resistance located at 1.2155. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We look to sell rallies.
Our profit targets will be 1.1920 and...
With price moving in an ascending channel and in an uptrend, we have a bullish bias that price will rise to our take profit area of 125.07 in line with the horizontal swing high resistance. We are currently waiting for the confirmation of further bullish move with the break of our 38.2% Fibonacci retracement and horizontal pullback resistance at 121.70....
USDCHF
Intraday - We look to Buy at 0.9941 (stop at 0.9919)
Trading close to the psychological 1.000 level. 20 4hour EMA is at 0.9931. There is no clear indication that the upward move is coming to an end. A lower correction is expected.
Our profit targets will be 0.9997 and 1.0007
Resistance: 1.0020 / 1.0040 / 1.0060
Support: 0.9990 / 0.9970 / 0.9940
...
With price moving below the ichimoku cloud, we have a bearish bias that price will drop to our take profit at 1786 in line with the horizontal swing low support from our entry of 1818 in line with the 23.6% Fibonacci retracement and horizontal pullback resistance. Alternatively, price may break structure and head for our stop loss at 1831 in line with the 38.2%...
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our sell entry at 1.21069 where the horizontal pullback resistance and 23.6% fibonacci retracement are to our take profit at 1.17816 in line with the 78.6% fibonacci projection and 61.8% fibonacci projection. Alternatively, price may break entry structure...
Ethereum
Intraday
We look to Buy a break of 1291 (stop at 1229)
We are trading at oversold extremes. A higher correction is expected. Bullish divergence is expected to support prices. A break of the recent high at 1282 should result in a further move higher.
Our profit targets will be 1438 and 1488
Resistance: 1300 / 1400 / 1500
Support: 1200 / 1100 /...
DOW30
Intraday
We look to Sell at 31095 (stop at 31410)
We look to sell rallies. Selling pressure dominated price action yesterday and we expect this to continue today. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The bias is still for lower levels and we look for any gains to be limited. Expect...
GBPJPY
Intraday - We look to Buy at 162.10 (stop at 161.00)
We are trading at oversold extremes. A Doji style candle has been posted from the base. This is positive for sentiment and the uptrend has potential to return. We look to buy dips.
Our profit targets will be 165.20 and 168.40
Resistance: 165.40 / 168.40 / 171.90
Support: 162.00 / 158.65 /...
With price moving above the ichimoku cloud , price is expected to rise to our entry at 119.04 in line with the 50% Fibonacci retracement and horizontal swing low support to our take profit area at 127.10 in line with the127.2% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss at 113.41 in line with the 50% Fibonacci...
With price moving below the ichimoku cloud, price is expected to drop from our entry at 1829 in line with the 23.6% Fibonacci retracement and horizontal pullback resistance to our take profit area at 1786 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for our stop loss at 1856 in line with the 61.8% Fibonacci...
On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will continue to drop from the sell entry at 0.69498 in line with the overlap resistance to the take profit at 0.68287 in line with the 100% fibonacci projection. Alternatively, price may break the entry structure and rise to the stop loss at...
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the sell entry at 0.62862 in line with the pullback resistance to the take profit at 0.61164 in line with the 78.6% fibonacci projection and 127.2% fibonacci extension. Alternatively, price may break the entry structure and rise to the stop loss at 0.63717 in...
Bitcoin
Intraday - We look to Sell a break of 23398 (stop at 23933)
Trades at the lowest level in 18months. There is no indication that the selloff is coming to an end. We have a 78.6% Fibonacci pullback level of 17200 from 69000 to 3122. Short term momentum is bearish.
Our profit targets will be 22022 and 21202
Resistance: 24300 / 25000 / 26000
Support:...
