EURAUD - 24h expiry - We look to Sell at 1.6750 (stop at 1.6800)
There is no clear indication that the downward move is coming to an end.
The current move lower is expected to continue.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.6650 will confirm the bearish momentum.
The measured move target is 1.6550.
Our profit...
WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 86.176
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 83.321
Why we like it:
There is an overlap support level that aligns close to the 50.0%...
Gold (XAUUSD) could rise towards an overlap resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 1930.73
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1944.92
Why we like it:
There is an overlap resistance
Take Profit: 1912.45
Why we like it:
There is...
The Aussie (AUDUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.64398
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.65087
Why we like it:
There is a multiple swing-high resistance
Take Profit:...
DXY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 104.403
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 103.741
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement...
Bristol-Myers Squibb Co - 30d expiry - We look to Sell at 62.98 (stop at 65.08)
There is no clear indication that the downward move is coming to an end.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
We look for a temporary move higher.
Previous support at 63 now becomes...
Bitcoin - Intraday - We look to Buy at 25404 (stop at 24804)
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Support is located at 25300 and should stem dips to this area.
25297 has been pivotal.
Trading volume is increasing.
Expect trading to remain mixed and volatile.
Our profit targets will...
XAUUSD has just reacted off the resistance level. and could potentially reverse from here and fall towards our take profit target.
Entry: 0.8890 - 0.8577
Why we like it:
There is an overlap resistance and it aligns with the 78.62% fibo retracement.
Stop Loss: 0.8636
Why we like it:
There is a pullback resistance.
Take Profit: 0.8525
Why we like it:
There is an...
EURUSD is reacting off the resistance level. and could potentially reverse from here and fall towards our take profit target.
Entry: 1.0731
Why we like it:
There is an overlap resistance and it aligns with the 61.8% fibo retracement.
Stop Loss: 1.0764
Why we like it:
There is a pullback resistance.
Take Profit:1.0688
Why we like it:
There is a swing low support...
XAUUSD is reacting off the resistance level. and could potentially reverse from here and fall towards our take profit target.
Entry: 1930.73
Why we like it:
There is pullback support and it aligns with the 38.2% fibo retracement.
Stop Loss: 1944
Why we like it:
There is an overlap resistance.
Take Profit: 1912
Why we like it:
There is an overlap support...
LYFT Inc - 30d expiry - We look to Sell at 12.35 (stop at 13.25)
The primary trend remains bearish.
Trading has been mixed and volatile.
This stock has seen poor sales growth.
The trend of lower highs is located at 12.40.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 10.15 and 9.65
Resistance:...
XRP - 24h expiry - We look to Sell at 0.4998 (stop at 0.5198)
Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.5010.
There is no clear indication that the downward move is coming to an end.
Our profit targets...
CHN50 - 24h expiry - We look to Buy at 12405 (stop at 12295)
We are trading at oversold extremes.
Short term bias is mildly bullish.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore,...
SPX500 is falling to our buy entry at 4443.2, which is an overlap support level and at the 50% fibo retracement. SPX500 could potentially bounce off the buy entry and head towards our take profit target.
Entry: 4443.2
Why we like it:
There is an overlap support level and it aligns with the 50% fibo retracement.
Stop Loss: 4423.3
Why we like it:
There is an...
GBPJPY is falling to our buy entry at 183.26, which is an overlap support level and 100% fibo projection. GBPJPY could potentially bounce off the buy entry and head towards our take profit target.
Entry: 183.26
Why we like it:
There is an overlap support and it aligns with the 100% fibo projection.
Stop Loss: 182.43
Why we like it:
There is an overlap support,...
EURGBP is reacting to a pullback resistance level, which aligns with the 78.6% fibo retracement and 127.2% fibo projection. EURGBP could potentially fall further to the downside, towards our take profit target.
Entry: 0.8591
Why we like it:
There is a pullback resistance level, and there is fibo confluence, 78.6% fibo retracement and 127.2% fibo projection....
USDCHF is reacting to the overlap resistance, and could potentially reverse from here to fall further to the downside, towards our take profit target.
Entry: 0.8918
Why we like it:
There is a major overlap resistance level.
Stop Loss: 0.8990
Why we like it:
There is a major overlap resistance level.
Take Profit: 0.8866
Why we like it:
There is a pullback...
Under Armour Inc - 30d expiry - We look to Buy at 7.05 (stop at 6.71)
Posted a Double Bottom formation.
6.97 has been pivotal.
7.00 continues to hold back the bears.
Bespoke support is located at 7.00.
Dips continue to attract buyers.
We expect prices to stall close to our bespoke level (7.00).
Our profit targets will be 7.90 and 8.10
Resistance: 7.65 /...
