With price in an uptrend and abiding to our ascending channel, we have bullish bias that price will rise to our take profit area of 123.54 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our entry of 116.81 where the horizontal swing low support and 23.6% Fibonacci retracement is. Alternatively, price may hit stop loss at...
With price approaching our support at 29430 where the ichimoku support, horizontal swing low support and 61.8% Fibonacci retracement lines up, we are expecting a bounce to our take profit area of 30578 where the next swing high resistance is. Alternatively, price may break structure and head for our stop loss at 28572 in line with the horizontal swing low support...
On the H4, with price moving above the ichimoku cloud and price moving within the ascending trend channel, we have a bullish bias that price will rise to our overlap resistance and take profit at 0.74737 where the swing high is in line with the 78.6% Fibonacci retracement from our buy entry at 0.71639 at the overlap support. Alternatively, price may break support...
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 129.620 where the horizontal overlap support is to our take profit at 130.776 in line with the swing high resistance, 127.2% Fibonacci extension and 100% fibonacci projection. Alternatively, price may...
Litecoin
Intraday - We look to Sell a break of 62.54 (stop at 64.80)
The primary trend remains bearish. Sentiment remains negative despite the pull-back higher in prices. A break of 62.54 is needed to confirm follow through negative momentum. The AB=CD formation target is located at 56.00.
Our profit targets will be 56.10 and 54.00
Resistance: 64.30 /...
Netflix
Short Term - We look to Buy a break of 210.00 (stop at 158.96)
The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Further upside is expected to close the gap between 248.70 and 333.22.
Our profit targets...
GBPJPY
Intraday - We look to Buy at 161.94 (stop at 160.80)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. 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...
XRP
Intraday - We look to Buy at 0.3771 (stop at 0.3658)
Support is located at 0.3800 and should stem dips to this area. 0.3755 has been pivotal. We are trading at oversold extremes. We look for a temporary move lower.
Our profit targets will be 0.4048 and 0.4098
Resistance: 0.4100 / 0.4250 / 0.4400
Support: 0.3900 / 0.3800 / 0.3700
Please be advised...
NIO
Short Term - We look to Buy at 16.34 (stop at 11.63)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported a 11% year on year rise in deliveries which is good fundamentally. The trend of higher lows is located at 14.00. This is positive for sentiment and the uptrend has potential to return....
EURCHF
Intraday - We look to Sell at 1.0326 (stop at 1.0358)
Daily signals are mildly bearish. Price action continued to range between key support & resistance (1.0250 - 1.0330) although we expect a break of this range soon. The bias is to break to the downside. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
Bitcoin
Intraday - We look to Buy at 30533 (stop at 29948)
Our short term bias remains positive. Previous resistance at 30500 now becomes support. 50 4hour EMA is at 30300. We look for a temporary move lower.
Our profit targets will be 31987 and 32487
Resistance: 32000 / 33000 / 34000
Support: 31500 / 31000 / 30500
Please be advised that the...
Saleforce
Short Term - We look to Buy at 168.45 (stop at 151.44)
They reported earnings with forecasted earnings rising despite strong dollar headwinds. This led to a jump in premarket and could provide impetus for further rise up. There is scope for mild selling at the opening but loses should be limited. Our outlook is bullish. Dip buying offers good...
AUDJPY
Intraday - We look to Buy at 91.50 (stop at 90.60)
Previous support located at 92.00. Previous resistance located at 93.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 91.50, resulting in improved risk/reward. A move through 93.00 will confirm the bullish momentum.
Our profit targets will be 93.50 and...
Advanced Micro Devices
Short Term - We look to Buy at 95.03 (stop at 83.57)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 90.43. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected.
Our profit...
Litecoin
Intraday - We look to Buy at 67.17 (stop at 65.18)
We look to buy dips. Previous support located at 65.00. A move lower faces tough support and we remain cautious on downside potential. Trading has been mixed and volatile. Previous resistance located at 74.00.
Our profit targets will be 73.16 and 85.00
Resistance: 74.00 / 82.70 / 88.00
Support:...
USDJPY
Intraday - We look to Buy at 127.62 (stop at 127.11)
Broken out of the triangle formation to the upside. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Daily signals for sentiment are at overbought extremes. Neckline support is 127.60. Dip buying offers good risk/reward.
Our profit targets...
Bitcoin
Intraday - We look to Buy at 29828 (stop at 29148)
Short term bias has turned positive. Trading close to the psychological 30000 level. We look to buy dips. We are trading at oversold extremes.
Our profit targets will be 31488 and 31988
Resistance: 31000 / 31400 / 32000
Support: 30000 / 29000 / 28600
Please be advised that the information...
