Litecoin
Intraday - We look to Sell at 72.96 (stop at 75.42)
Further downside is expected and we prefer to set shorts in early trade. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Levels close to the 38.2% pullback level of 73.00 found sellers. Upward pressure has...
Ross Stores
Short Term - We look to Buy at 62.32 (stop at 53.59)
This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher...
EURCHF
Intraday - We look to Sell at 1.0333 (stop at 1.0368)
Daily signals are bearish. 20 4hour EMA is at 1.0349. We look for a temporary move higher. The previous swing high is located at 1.0360.
Our profit targets will be 1.0246 and 1.0200
Resistance: 1.0300 / 1.0340 / 1.0380
Support: 1.0250 / 1.0230 / 1.0200
Please be advised that the information...
Bitcoin
Intraday - We look to Sell a break of 28548 (stop at 29111)
Daily signals are bearish. A break of the recent low at 28615 should result in a further move lower. 28561 has been pivotal. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27151 and 26651
Resistance: 30000 / 31000 / 31400
Support:...
Cisco Systems
Short Term - We look to Buy at 40.15 (stop at 37.59)
This stock has recently been in the news headlines. They reported earnings and missed quarterly revenue estimates. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Trading close to the psychological 40.00 level. Further upside is...
USDJPY
Intraday - We look to Buy at 128.10(stop at 127.40)
Buying pressure from 128.00 resulted in prices rejecting the dip. Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. Further upside is expected. Dip buying offers good risk/reward.
Our profit targets will be 129.98 and 130.80
Resistance:...
Bitcoin
Intraday - We look to Sell at 30666 (stop at 31424)
Daily signals are bearish. 50 4hour EMA is at 30680. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 30974 has been pivotal.
Our profit targets will be 28707 and 28207
Resistance: 30000 / 31000 / 31400
Support:...
Target
Short Term - We look to Buy at 160 (stop at 140)
This stock has recently been in the news headlines. They reported a surprise earnings miss and this sent the share price plummeting in the premarket. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Dip buying offers good risk/reward. Further...
GBPUSD
Intraday - We look to Sell at 1.2525 (stop at 1.2645)
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. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a...
Ripple
Intraday - We look to Buy a break of 0.451 (stop at 0.435)
We are trading in a triangle formation. A break of yesterdays high would confirm bullish momentum. We look for a temporary move higher. 0.450 has been pivotal.
Our profit targets will be 0.489 and 0.499
Resistance: 0.447 / 0.464 / 0.490
Support: 0.420 / 0.407/ 0.390
Please be advised...
NVIDIA
Short Term - We look to Sell at 179.80 (stop at 197.51)
The primary trend remains bearish. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected.
Our profit targets will be 141.02 and 130.00
Resistance: 180.00 / 190.00 / 200.00
Support: 170.00 / 160.00...
USDJPY
Intraday - We look to Buy at 128.34 (stop at 127.42)
Buying pressure from 128.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Preferred trade is to buy on dips....
Ethereum
Intraday - We look to Buy at 1933 (stop at 1717)
The downtrend seems to be slowing down. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 2449 and 2600
Resistance: 2200 / 2400 / 2600
Support: 1900/ 1700 / 1500
Please be advised that the information...
Coinbase
Short Term - We look to Sell at 79.05 (stop at 97.30 )
The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 30.50 and 25
Resistance:...
EURGBP
Intraday - We look to Buy at 0.8465 (stop at 0.8415)
We are trading at oversold extremes. A bullish hammer has been formed on the 4hr timeframe. This is positive for sentiment and the uptrend has potential to return. A higher low has been formed. Preferred trade is to buy on dips.
Our profit targets will be 0.8615 and 0.8710
Resistance: 0.8505 /...
Litecoin
Intraday - We look to Sell at 75.44 (stop at 79.81)
The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. We have a 78.6% Fibonacci pullback level of 75.97 from 82.66 to 51.42. Expect price action to remain mixed and volatile as this corrective sequence continues. Risk/Reward would...
Twitter
Short Term - We look to Buy at 42.80 (stop at 38.55)
We have a Gap open from 41.00 to 44.00. We look for a temporary move lower. Support is located at 41.00 and should stem dips to this area. Further upside is expected although we prefer to buy into dips close to the 41.00 level. This stock has recently been in the news headlines for a buyout by...
