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...
Ethereum
Intraday - We look to Sell at 1173 (stop at 1216)
Short term bias has turned negative. Previous support at 1200 now becomes resistance. 1193 has been pivotal. 50 4hour EMA is at 1175. 20 4hour EMA is at 1169. Preferred trade is to sell into rallies.
Our profit targets will be 1063 and 1033
Resistance: 1150 / 1200 / 1250
Support: 1100 / 1050 /...
Oracle
Intraday - We look to Sell a break of 68.29 (stop at 71.31)
The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50.
Our profit targets will be 60.09 and 58.00...
EURUSD
Intraday - We look to Sell at 1.0528 (stop at 1.0564)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Rallies should be capped by yesterday's high. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0530, resulting in improved risk/reward. Risk/Reward would be...
