GameStop
Short Term - We look to Sell at 91.90 (stop at 108.16)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 57.10 and 40.00
Resistance: 92.00 /...
EURUSD
Intraday - We look to Sell at 1.0595 (stop at 1.0657)
The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Bespoke resistance is located at 1.0600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0600, resulting in improved risk/reward.
Our...
Peloton
Short Term - We look to Sell at 14.90 (stop at 21.60)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further downside is expected although we prefer to set shorts at our bespoke resistance...
TERUSD
Intraday - We look to Sell at 31.98 (stop at 44.80)
The primary trend remains bearish. Price action continued the aggressive move lower and looks set for follow through selling today. We can see no technical reason for a change of trend. Further downside is expected.
Our profit targets will be 1.30 and 0.00 -This is technically a market...
AUDJPY
Intraday - We look to Buy a break of 91.00 (stop at 90.10)
Previous support located at 90.00. Previous resistance located at 91.00. Price action looks to be forming a bottom. A move through 91.00 will confirm the bullish momentum.
Our profit targets will be 93.00 and 93.25
Resistance: 91.00 / 91.50 / 93.00
Support: 90.00 / 89.75 / 89.50
Please...
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...
