US100 - Intraday
Trading within a Bullish Channel formation.
Trend line support is located at 15072.
Bespoke support is located at 15030.
The 261.8% Fibonacci extension is located at 15425 from 14455 to 14827.
Trend line resistance is located at 15575.
We look to Buy at 15040 (stop at 14940)
Our profit targets will be 15290 and 15390
Resistance: 15348 /...
AUDJPY - 24h expiry
A lower correction is expected.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 94.75 will confirm the bullish momentum.
The measured move target is 95.50.
We look to Buy at 94.00 (stop at 93.60)
Our profit targets will be 95.00 and 95.50
Resistance: 94.75 / 95.00 /...
EURAUD - 24h expiry
Broken out of the channel formation to the upside.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Further upside is expected.
Short term RSI is moving higher.
A move through 1.6625 will confirm the bullish momentum.
We look to Buy at 1.6550 (stop at 1.6490)
Our profit targets will be 1.6700 and...
USDCAD - 24h expiry
We expect a reversal in this move.
Price action has continued to trend strongly lower and has stalled at the previous support near 1.3550.
Risk/Reward would be poor to call a buy from current levels.
Momentum is flat, highlighting the lack of clear direction.
A move through 1.3600 will confirm the bullish momentum.
We look to Buy at...
CN50USD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
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...
AUDUSD - 24h expiry
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to sell into rallies.
The hourly chart technicals suggests further upside before the downtrend returns.
Further downside is expected although we prefer to sell into rallies close to the 0.6500 level....
NIK225 - 24h expiry
Previous resistance level of 31399 broken.
The current move higher is expected to continue.
We are trading at overbought extremes.
Short term bias has turned positive.
Preferred trade is to buy on dips.
We look to Buy at 31405 (stop at 31145)
Our profit targets will be 32055 and 32185
Resistance: 32170 / 32450 / 32780
Support: 31765 /...
UK100 - 24h expiry
There is no indication that the rally is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7550 will confirm the bullish momentum.
The measured move target is 7650.
We look to Buy at 7500 (stop at 7450)
Our profit targets will be 7620 and 7650
Resistance: 7550 /...
NZDJPY - 24h expiry
There is no indication that the rally 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 89.50 will confirm the bullish momentum.
Short term RSI is moving higher....
USDCHF - 24h expiry
Short term bias has turned negative.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Preferred trade is to sell into rallies.
We are trading at overbought extremes.
A higher correction is expected.
We look to Sell at 0.9169 (stop at 0.9201)
Our profit targets will be 0.9094 and 0.9074
Resistance: 0.9107 /...
AUDUSD - Intraday
We are trading at overbought extremes.
A Doji style candle has been posted from the high.
This is negative for sentiment and the downtrend has potential to return.
We look for a temporary move higher.
Further downside is expected although we prefer to sell into rallies close to the 0.6370 level.
We look to Sell at 0.6370 (stop at 0.6402)...
EURAUD - 24h expiry
Broken out of the channel formation to the upside.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.6625 will confirm the bullish momentum.
The measured move target is 1.6700.
We look to Buy at 1.6500 (stop at 1.6440)
Our profit targets will be 1.6640 and 1.6670
Resistance:...
FRA40 - 24h expiry
There is no clear indication that the downward move is coming to an end. Further downside is expected.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 7000 will confirm the bearish momentum.
We look to Sell at 7100 (stop at 7150)
Our profit targets will be 6975 and 6950...
UK100 - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 7425.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7500 will confirm the bullish momentum.
The measured move target is 7600.
We look to Buy at 7420 (stop at 7360)
Our profit...
NZDJPY - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 87.50.
The correction lower is assessed as being complete.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.25 will confirm the bullish momentum.
We look to Buy at 87.50 (stop...
EURAUD - Intraday
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. Previous resistance located at 1.6582. Preferred trade is to sell into rallies.
We...
DE30EUR - Intraday
Broken out of the Head and Shoulders formation to the downside. Neckline resistance 15450. The bearish engulfing candle on the daily chart is negative for sentiment. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 15298, resulting in improved risk/reward. News events could adversley affect the...
The euro has moved upwards on Friday. In the European session, EUR/USD is trading at 1.0597, up 0.30%. After falling sharply earlier this week, the euro has rebounded and gained close to 1% since Wednesday.
The eurozone's inflation level dropped to 4.3% y/y in September, a sharp decline from the August reading of 5.2% y/y and below market expectations of 4.5%...
