Occidental Petroleum
Short Term - We look to Buy at 55.37 (stop at 50.76)
Trading within a Bullish Channel formation. We are assessed to be in a corrective mode lower. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Earnings news could provide a good catalyst for...
UNIUSD
Intraday - We look to Sell at 7.927 (stop at 8.857)
The primary trend remains bearish. Buying pressure from 5.800 resulted in prices rejecting the dip. We look for a temporary move higher. Resistance is located at 8.000 and should cap gains to this area. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back...
GBPCHF
Intraday - We look to Sell at 1.2328 (stop at 1.2402)
We look to sell rallies. We look for a temporary move higher. Buying posted in Asia. Previous resistance located at 1.2330. This provides an excellent risk/reward opportunity to fade the current bullish move.
Our profit targets will be 1.2109 and 1.2050
Resistance: 1.2330 / 1.2400 /...
Zcash
Intraday - We look to Sell at 108.90 (stop at 114.47)
Our outlook is bearish. Broken out of the triangle formation to the downside. Neckline resistance 109.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 109.00, resulting in improved risk/reward.
Our profit targets will be 94.10 and 92.00...
Nasdaq
Intraday - We look to Sell at 12707 (stop at 12947)
Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 12700. Trading has been mixed and volatile. 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...
GBPUSD
Intraday - We look to Sell at 1.2420 (stop at 1.2550)
We are trading at oversold extremes. 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 1.2055 and 1.2000
Resistance: 1.2500 / 1.2800 / 1.3000
Support: 1.2210 / 1.2000 / 1.1500
...
Description
Price is reacting below our pivot level at 0.92016 which is in line with 127.2% Fibonacci extension level, 100% Fibonacci extension level & horizontal swing high resistance. Price can potentially take support at 0.9145, which is in line with horizontal overlap support, 61.8% Fibonacci retracement level. Alternatively, price may rise up to our...
Description
Price is reacting below our pivot level at 1.13098 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level & 100% Fibonacci extension level. Price can potentially take support at 1.12661, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 1.13349, which coincides...
Description
Price is reacting below our pivot level at 0.9145 which is in line with 50.0% Fibonacci retracement level and horizontal swing low support. Price can potentially take support at 0.91971, which is in line with horizontal swing low support, 200% Fibonacci extension level. Alternatively, price may rise up to our resistance at 0.91745, which coincides with...
Description
Price is reacting below our pivot level at 1.13452 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level. Price can potentially take support at 1.12791, which is in line with horizontal swing low support, 78.6% Fibonacci retracement level. Alternatively, price may rise up to our resistance at 1.1363, which coincides...
Description
Price is reacting below our pivot level at 0.91818 which is in line with 50.0% Fibonacci retracement level and horizontal overlap resistance. Price can potentially take support at 0.90971, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.92007, which coincides with 61.8% Fibonacci retracement...
Description
Price is reacting below our pivot level at 1.13452 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level. Price can potentially take support at 1.12791, which is in line with horizontal swing low support, 78.6% Fibonacci retracement level. Alternatively, price may rise up to our resistance at 1.1363, which coincides...
With price at the resistance of the ichimoku cloud, we are biased that price will drop from our pivot at 0.72649 in line with the 61.8% Fibonacci retracement and the horizontal overlap resistance to 1st support at 0.71704 in line with the horizontal swing low support and 78.6% Fibonacci retracement level. Alternatively, price may break pivot structure and the...
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to 1st support at 1.24161 which is in line with horizontal swing low support and 78.6% Fibonacci retracement from our pivot at 1.25677, which is in line with horizontal swing high resistance and 50% Fibonacci retracement level. Alternatively, price may break pivot...
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to 1st support at 1.24161 which is in line with horizontal swing low support and 78.6% Fibonacci retracement from our pivot at 1.25677, which is in line with horizontal swing high resistance and 50% Fibonacci retracement level. Alternatively, price may break pivot...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 0.72714 which is in line with horizontal overlap resistance and 61.8% Fibonacci retracement from 1st support at 0.71939, which is in line with horizontal overlap support and 61.8% Fibonacci retracement level. Alternatively, price may...
Description
Price is reacting below our pivot level at 0.91555 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price can potentially take support at 0.90921, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91843, which coincides with 50.0% Fibonacci retracement...
Description
Price has broken above our pivot level at 1.13869 which is in line with horizontal overlap support, 23.6% Fibonacci retracement level . We could potentially see a further rise from here towards 1.14756, which coincides with 161.8% Fibonacci extension level and horizontal swing high resistance. Alternatively, we may see price drop to 1st support at...
