A short opportunity has presented itself on EURUSD. The price closed below an upward trendline and has continued downward this morning. This move is confirmed by the stochastic, MACD and the 3 and 15 EMAs. We are looking to reach a target 2000 pips away on this one.
An upward move seems likely on SASOL. This is based on the trend change from yesterday's upward move as well as the stochastic and MACD. If the high of 19 September is broken, I am confident we will see a move towards the target at the 149/150 strong resistance level.
We have placed an order to go long on SBK based on our momentum end-of-day strategy. We have missed the order by a matter of cents with today's move so far, but I am confident that the order will get picked up soon.
A double top pattern has formed on ABG. The downward move is confirmed by the stochastic, MACD and EMA's all crossing downwards. If it can break through the low of 11 Sep, I am quite confident that it will head down nicely towards our target at around the 145 level.
USDZAR is showing signals for a long position. Similarly, to the idea I posted for GBPUSD, there is a trend change which is backed by the crossing of the MACD and the stochastic. We have an ambitious target at 18.50 but will adjust our stop loss as the price moves up
A potential short position may be coming up on GBPUSD. It has broken an upward trend with yesterday's downward move. The stochastic and MACD are also signaling this downward momentum. If it continues downward today, we will be entered into a short position.
A doji candle and the crossing downwards of the stochastic is signaling a potential downward move on GFI. If triggered, we will look at reaching a target down at the 233 level.
We have placed a long order on the TOP40 CFD based on the crossing of the MACD, Stochastic and EMA's. We will enter once it breaches the 75455 level.
We have placed an order to go long on the HK50 based on the 3 indicators we use for our momentum strategy - the 3 & 15 EMA's as well as the stochastic and the MACD. We have an ambitious target set at 19270, but will adjust if necessary once the position is opened.
There is a potential short coming up on BRENT based on the turning downwards of the stochastic and the crossing of the EMAs. The MACD hasn't crossed yet, but it will if it continues downwards. It is currently trading at a support level from all the way back to last year between March and June. If it breaks through this level successfully, I am pretty sure we will...
EURZAR has successfully broken out of the bottom of a descending triangle pattern that it has been trading in. With today's price action so far, we have been entered in to a short position. We are hoping to reach the target down at the R18.28 level. We will adjust our stop loss accordingly as the price moves down.
A bullish harami pattern formed on SOL on Thursday last week causing us to place an order to go long. With today's price action, the order was triggered and we have been entered into a long position. Looking to reach a target at around the 148 level.
A long position has been triggered on ARI. The order was placed because of the doji candle that appeared on the 12th of Sept and also because of the break through the downward trendline. Our target is at the resistance level of 194
Silver is showing great upward momentum at the moment and has broken a downward move that it was moving in for a few days. The stochastic, MACD and EMA's are confirming the potential upward move.
A long position has triggered on EURNZD based on the crossing of the stochastic, MACD and the 3 and 15 EMAs. The target is just above the high that was formed on the 5th of August.
A long has been triggered on ANH with today's price action which breached the 5 fractal from the 26th of August. We are looking to reach a target at the 1212 level, but will adjust our stop loss as the trade moves upwards.
A signal for a long position has presented itself on EURAUD. The stochastic and MACD were both signaling an upward momentum, and now the 3 and 15 EMA's are confirming it.
AUDUSD is looking good for short position because of the break and close below the ascending support level.