ASX200 - Intraday - We look to Buy at 6785 (stop at 6715)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Buying at market offers good risk to reward ratio.
Preferred trade is to buy on dips.
Our profit targets will be 6980 and 7020
Resistance: 7020 / 7160 /...
EURNZD - Intraday - We look to Buy at 1.6649 (stop at 1.6614)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 1.6648.
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Our profit targets will be 1.6739 and...
After some mid-week volatility, USD/JPY has settled down. In the European session, the yen is trading quietly at 143.59.
For anyone following the Japanese yen, next week promises to be interesting, at the very least. The Federal Reserve will hold its policy meeting on September 21st, with the Bank of Japan officials meeting the next day. The Japanese yen...
The British pound is in negative territory today and has fallen below the 1.15 line. In the North American session, GBP/USD is trading at 1.1497, down 0.38%.
US retail sales rose 0.3% MoM in August, rebounding from -0.4% in July. Excluding gasoline, retail sales were up 0.8%, as consumers responded to lower gas prices by increasing spending on other items. The...
EURNZD - Intraday - We look to Buy at 1.6502 (stop at 1.6467)
Our short term bias remains positive.
Short term MACD has turned negative.
A lower correction is expected.
50 4hour EMA is at 1.6500.
Bespoke support is located at 1.6500.
Our profit targets will be 1.6589 and 1.6609
Resistance: 1.6600 / 1.6630 / 1.6680
Support: 1.6570 / 1.6530 / 1.6500
Risk...
GER40 - Intraday - We look to Buy at 12901 (stop at 12829)
We look to buy dips.
We look for a temporary move lower.
We are trading at oversold extremes.
Bespoke support is located at 12900.
Our profit targets will be 13078 and 13118
Resistance: 13100 / 13200 / 13300
Support: 13000 / 12900 / 12800
Risk Disclaimer
The trade ideas beyond this page are for...
NZDJPY - Intraday - We look to Sell at 86.40 (stop at 87.00)
Previous support located at 85.50.
Previous resistance located at 86.00.
Posted a Double Top formation.
Further downside is expected. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 84.90 and 84.80
Resistance: 86.00 / 86.40 / 87.00
Support: 85.50 / 85.00...
The Japanese yen has posted sharp gains today. USD/JPY is trading at 143.09, down 1.00% on the day.
The yen has taken investors on a roller-coaster ride this week. On Tuesday, the dollar shined, posting broad gains against the majors and climbing 1.19% against the yen. The catalyst for the upswing was the US inflation report, which was higher than expected. The...
USDCHF - Intraday - We look to Buy a break of 0.9635 (stop at 0.9609)
Price action is forming a bullish flag which has a bias to break to the upside.
Short term momentum is bullish.
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 0.9696 and 0.9706
Resistance: 0.9630 / 0.9650 /...
Gold - Intraday - We look to Sell at 1713.15 (stop at 1726.30)
Following yesterday's bearish candle, the overall trend lower looks set to continue today.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Resistance is located at 1713.50 and should cap gains to this area.
Resistance could prove...
EURJPY - Intraday - We look to Buy at 142.80 (stop at 141.80)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move...
GBP/USD is in positive territory today. In the European session, the pound is trading at 1.1731, up 0.42%. GBP/USD continues to take advantage of US dollar weakness and has gained 240 points since Thursday.
Inflation has hit a staggering 10.1% and the Bank of England is projecting that inflation may not peak until 13%, with some analysts predicting an even higher...
GER40 - Intraday - We look to Buy at 13185 (stop at 13109)
Short term bias has turned positive.
We look to buy dips.
20 4hour EMA is at 13185.
A lower correction is expected.
Our profit targets will be 13368 and 13408
Resistance: 13400 / 13450 / 13500
Support: 13300 / 13200 / 13100
Risk Disclaimer
The trade ideas beyond this page are for informational...
USDCHF - Intraday - We look to Sell at 0.9609 (stop at 0.9632)
There is no clear indication that the downward move is coming to an end.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
20 4hour EMA is at 0.9604.
Bespoke resistance is located at 0.9600.
Our profit targets will be 0.9551 and 0.9541
Resistance: 0.9550 / 0.9570 /...
The euro is red hot, having gained close to 2% in just two days. EUR/USD is trading at 1.0144, up 0.97% on the day.
The ECB showed last week that its hawkishness was not limited to words, as the central bank delivered a massive 0.75% rate hike, for only the second time in its history. The markets are paying attention, and the move has triggered an impressive...
NASDAQ - Intraday - We look to Sell at 12837 (stop at 13028)
Daily signals for sentiment are at overbought extremes.
A lower correction is expected.
A move higher faces tough resistance and we remain cautious on upside potential.
Preferred trade is to sell into rallies.
Our profit targets will be 12406 and 12300
Resistance: 12840 / 13600 / 16500
Support:...
EURNZD - Intraday - We look to Buy at 1.6403 (stop at 1.6368)
Our short term bias remains positive.
We look to buy dips.
50 4hour EMA is at 1.6400.
Our profit targets will be 1.6497 and 1.6517
Resistance: 1.6540 / 1.6570 / 1.6600
Support: 1.6500 / 1.6470 / 1.6430
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do...
The Canadian dollar usually is calm prior to the North American session, but USD/CAD has posted steady gains in the Asian and European sessions. USD/CAD is trading at 1.2993, down 0.73% on the day.
Canada releases the August employment report later today, with a market consensus of 15.0 thousand. The economy has shed jobs over the past two months, as the labour...
