NASDAQ
Intraday - We look to Sell at 12850 (stop at 13035)
Buying pressure from 12410 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.
Our...
With price moving within our ascending channel and above the ichimoku cloud which is indicating bullish pressure, we are bias that price will rise to our take profit where the 61.8% Fibonacci projection and horizontal swing high resistance is from our entry of 121.58 in line with the 78.6% Fibonacci retracement area. Alternatively, price may head to our stop loss...
With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our entry where the horizontal swing high resistance is to our take profit where horizontal overlap support is. Alternatively, price may head to our take profit where the 78.6% Fibonacci retracement, 127.2% Fibonacci extension and 100% Fibonacci...
USDCAD
Intraday - We look to Sell at 1.2630 (stop at 1.2690)
Previous support located at 1.2500. Previous resistance located at 1.2600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.2630, resulting in improved risk/reward. A move through 1.2540 will confirm the bearish momentum.
Our profit targets will...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.71966 in line with the 23.6% fibonacci retracement and overlap support to the take profit at 0.74583 in line with the overlap swing high and 61.8% fibonacci projection. Alternatively, price may break the support structure at our entry and drop...
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 0.97149 where the horizontal swing low support is to our take profit at 0.98783 in line with the pullback resistance, 161.8% fibonacci extension, 61.8% fibonacci retracement and 100% fibonacci projection . Alternatively, price may break...
US500
Intraday
We look to Buy at 4050 (stop at 4004)
We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. We look to buy dips.
Our profit targets will be 4180 and 4230
Resistance: 4105 / 4230 / 4370
Support: 3960 / 3780 / 3500
Please be...
USDJPY
Intraday
We look to Buy at 132.04 (stop at 131.36)
The primary trend remains bullish. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Although we remain bullish overall, a correction is possible with plenty of room to...
On the H4, with price moving in a bearish pressure area on the MACD indicator and price recently breaking out of our ascending trend channel, if price breaks our pivot at the entry, we have a bearish bias that price will drop from our sell entry at 0.71556 in line with our 23.6% fibonacci retracement and 61.8% fibonacci projection to our take profit at 0.70406 in...
With price expected to bounce off our entry which lines up with the 38.2% Fibonacci retracement and ichimoku cloud support, we have a bullish bias that price will rise to our take profit area of 123.6 in line with the 61.8% Fibonacci retracement. Alternatively, price may break structure and drop to the stop loss at 112.71 in line with the horizontal swing low...
GBPCHF
Intraday - We look to Sell at 1.2216 (stop at 1.2304)
Bespoke resistance is located at 1.2225. We look to sell rallies. Selling posted in Asia. Expect trading to remain mixed and volatile. This provides an excellent risk/reward opportunity to fade the current bullish move.
Our profit targets will be 1.2003 and 1.1910
Resistance: 1.2200 / 1.2440 /...
On the H4, with prices moving above the ichimoku indicator and breakout from descending trendline, we have a bullish bias that price will rise from our buy entry at 131.217 where the horizontal overlap support is to our take profit at 134.477 in line with the 161.8% fibonacci extension and 78.6% fibonacci projection. Alternatively, price may break entry structure...
With price breaking the descending trend line which is showing bullish momentum, we have a bullish bias that price will rise to our take profit in line with the 78.6% Fibonacci retracement and horizontal pullback resistance from our entry at 32697 in line with the 23.6% Fibonacci retracement and horizontal pullback support. Alternatively price may break structure...
With price moving above the ichimoku cloud and within the ascending trendline, we have a bullish bias that price will rise from our buy entry at 0.64712 in line with the 23.6% fibonacci retracement to our take profit at 0.68809 in line with the 76.4% fibonacci retracement at the horizontal swing high. Alternatively, price may break support at our buy entry and...
UK100
Intraday - We look to Buy at 7500 (stop at 7445)
Previous support located at 7550. Previous resistance located at 7620. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 7620 and 7650
Resistance: 7620 / 7650 / 7700
Support: 7550 / 7500 / 7450
Please be advised that the...
GBPJPY
Intraday - We look to Buy at 161.85 (stop at 160.75)
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. Preferred trade is to buy on dips.
Our profit targets will be 165.00 and 168.40...
AUDJPY
Intraday - We look to Buy at 93.00 (stop at 92.10)
Previous support located at 93.50. Previous resistance located at 94.50. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 94.50 will confirm the bullish momentum.
Our profit targets will be 95.00 and 95.50
Resistance: 94.50 / 95.00 /...
On the H4, with MACD moving in bearish momentum, price moving below the ichimoku indicator and price breakout from ascending channel, we have a bearish bias that price will drop from our sell entry at 1.25875 where the horizontal overlap resistance is to our take profit at 1.23997 in line with the 50% Fibonacci retracement, 78.6% fibonacci retracement and overlap...
