NZDJPY - 24h expiry
There is no clear indication that the upward move is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 87.00 will confirm the bearish momentum.
The measured move target is 86.25.
We look to Sell at 87.42 (stop at 87.82)
Our profit targets will be 86.42 and...
Gold - 24h expiry
The medium term bias remains bullish.
A Fibonacci confluence area is located at 2033.
A bullish reverse Head and Shoulders has formed.
Reverse trend line support comes in at 1974.
Preferred trade is to buy on dips.
Intraday signals are far from strong.
We look to Buy at 1974 (stop at 1963)
Our profit targets will be 1997 and 2023...
NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Momentum is flat, highlighting the lack of clear direction.
Further downside is expected.
A move through 0.5800 will confirm the bearish momentum.
The measured move target is 0.5750.
We look to Sell at 0.5860 (stop at 0.5892)
Our profit targets will be 0.5780 and...
GBPUSD - 24h expiry
We are trading at oversold extremes.
A higher correction is expected.
Indecisive price action has resulted in sideways congestion on the intraday chart.
The hourly chart technicals suggests further downside before the uptrend returns.
Preferred trade is to buy on dips.
We look to Buy at 1.2095 (stop at 1.2045)
Our profit targets will...
CN50USD - 24h expiry
Buying pressure from 11548 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer...
EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
A lower correction is expected.
Short term bias has turned positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
We look to Buy at 158.95 (stop...
EURAUD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.6825 will confirm the bullish momentum.
Short term RSI is...
DE30EUR - 24h expiry
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A Doji...
US100 - Intraday
Levels close to the 61.8% pullback level of 15365 found sellers.
There is no clear indication that the downward move is coming to an end.
A Fibonacci confluence area is located at 14546.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 14955, resulting in improved risk/reward.
The medium-term...
DE30EUR - 24h expiry
Our short-term bias remains negative.
There is no clear indication that the downward move is coming to an end.
15100 has been pivotal.
Bespoke resistance is located at 15100.
The preferred trade is to sell into rallies.
20 4-hour EMA is at 15080.
We look to Sell at 15098 (stop at 15198)
Our profit targets will be 14848 and 14788...
NZDUSD - 24h expiry
We have a 38.2% Fibonacci pullback level of 0.5907 from 0.6055 to 0.5815.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
Prices have reacted from 0.5815.
We look for a temporary move higher.
50 4hour EMA is at 0.5913.
We look to Sell at 0.5907 (stop at 0.5933)
Our profit targets will be 0.5842 and 0.5822...
UK100 - 24h expiry
Short-term bias has turned negative.
Our bespoke support of 7600 has been clearly broken.
Previous support at 7610 now becomes resistance.
Short-term momentum is bearish.
Posted a Double Top formation.
50 4-hour EMA is at 7608.
We look to Sell at 7609 (stop at 7659)
Our profit targets will be 7484 and 7454
Resistance: 7590 / 7610 /...
HS50 - 24h expiry
Previous support level of 17587 broken.
Short term bias has turned negative.
The hourly chart technicals suggests further upside before the downtrend returns.
The 200 day moving average should provide resistance at 17845.
Preferred trade is to sell into rallies.
We look to Sell at 17800 (stop at 17960)
Our profit targets will be 17400...
GBPJPY - 24h expiry
Buying pressure from 181.01 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 182.80.
Short term bias is mildly bullish.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 182.80, which will confirm the bullish sentiment....
NZDUSD - 24h expiry
The selloff is close to a correction count on the intraday chart.
We expect a reversal in this move.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Risk/Reward would be poor to call a buy...
EURUSD - 24h expiry
A Fibonacci confluence area is located at 1.0492.
Continued upward momentum from 1.0495 resulted in the pair posting net daily gains yesterday.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
The medium term bias remains bearish.
Further upside is expected and we look to set longs in early trade....
HS50 - 24h expiry
Price action looks to be forming a bottom.
We are trading at oversold extremes.
A Doji style candle has been posted from the base.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to buy on dips.
We look to Buy at 17630 (stop at 17430)
Our profit targets will be 18130 and 18230...
FRA40 - 24h expiry
Price action looks to be forming a bottom.
We expect a reversal in this move.
A move through 7025 will confirm the bullish momentum.
Short term RSI has turned positive.
The measured move target is 7050.
We look to Buy at 6950 (stop at 6890)
Our profit targets will be 7100 and 7140
Resistance: 7025 / 7050 / 7075
Support: 6975 / 6950 /...
