NIK225 - 24h expiry - We look to Sell a break of 32298 (stop at 32548)
Selling pressure dominated price action yesterday and we expect this to continue today.
Previous support located at 32303.
With the Ichimoku cloud resistance above we expect gains to be limited.
Further downside is expected, however, due to the strong support below we prefer to sell a...
USOUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 72.782
Why we like it:
There is an overlap resistance that aligns with the 100.0% Fibonacci projection level
Stop Loss: 74.377
Why we like it:
There is an overlap resistance that aligns with the 127.2%...
USDCAD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.33191
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.33898
Why we like it:
There is an overlap resistance that aligns with the 50.0%...
AUDUSD is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.66286
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 0.65945
Why we like it:
There is an overlap support
Take Profit: 0.66955
Why we like...
GBPUSD is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26734
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 1.26062
Why we like it:
There is a swing-low support that aligns with the 50.0% Fibonacci...
HP Inc - 30d expiry - We look to Buy at 29.01 (stop at 27.81)
Price action has formed a bullish ascending triangle formation.
The sequence for trading is higher highs and lows.
Trend line support is located at 28.75.
Support is located at 29.00 and should stem dips to this area.
A lower correction is expected.
28.53 has been pivotal.
Our profit targets...
XRP - 24h expiry - We look to Sell at 0.4989 (stop at 0.5089)
Bespoke resistance is located at 0.5000.
The medium term bias is neutral.
We look for a temporary move higher.
Trading has been mixed and volatile.
Preferred trade is to sell into rallies.
Our profit targets will be 0.4739 and 0.4709
Resistance: 0.4830 / 0.4920 / 0.5000
Support: 0.4750 /...
NZDJPY - 24h expiry - We look to Sell a break of 89.00 (stop at 89.50)
Trading within a Bullish Channel formation.
We look for price action to stay within the channel formation today.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
A move through 89.00 will confirm...
FedEx Corporation - 30d expiry - We look to Buy at 232.11 (stop at 224.61)
Daily signals are bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
A lower correction is expected.
Bespoke support is located at 232.
This stock has seen good sales growth.
Our profit targets will...
HS50 - 24h expiry - We look to Buy at 19220 (stop at 19060)
We are trading at overbought extremes.
A lower correction is expected.
Posted a Double Bottom formation.
Neckline support is 19217.
Further upside is expected although we prefer to set longs at our bespoke support levels at 19220, resulting in improved risk/reward.
Our profit targets will be 19620...
Bitcoin - 24h expiry - We look to Buy a break of 31404 (stop at 30604)
Price action has posted a Doji candle and is neutral for short-term sentiment.
Prices have reacted from 29456.
Price action continues within the short-term bullish trend channel.
31420 has been pivotal.
A break of the recent high at 31420 should result in a further move higher.
There is...
Gold (XAUUSD) is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1937.32
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 1953.80
Why we like it:
There is an overlap resistance that aligns close to...
NZDUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 0.62079
Why we like it:
There is an overlap resistance
Stop Loss: 0.62357
Why we like it:
There is an overlap resistance that aligns close to the 127.2% Fibonacci extension level
Take Profit: 0.61275
Why we...
AUDUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 0.67096
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 0.67568
Why we like it:
There is an overlap resistance that aligns above the 50.0%...
USDJPY is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 144.169
Why we like it:
There is an overlap support
Stop Loss: 143.073
Why we like it:
There is a pullback support that aligns below the 23.6% Fibonacci retracement level
Take Profit: 145.483
Why we like...
Pinterest - 30d expiry - We look to Sell at 28.88 (stop at 30.28)
In our opinion this stock is overvalued.
We are trading at overbought extremes.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A higher...
CHN50 - 24h expiry - We look to Buy at 12565 (stop at 12465)
Posted a Double Bottom formation.
Neckline support is 12565.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Further upside is expected although we prefer to set longs at our bespoke support levels at 12565,...
Ethereum - 24h expiry - We look to Buy at 1912 (stop at 1872)
Daily signals are bullish.
Our bespoke resistance of 1930 has been clearly broken.
Bespoke support is located at 1900.
20 4hour EMA is at 1920.
We look to buy dips.
Our profit targets will be 2012 and 2032
Resistance: 1972 / 2000 / 2050
Support: 1930 / 1900 / 1880
Please be advised that the...
