fx

USDCHF - Intraday - We look to Sell at 0.9865 (stop at 0.9895) Trades at the highest level in 12 days. There is no clear indication that the upward move is coming to an end. Intraday, and we are between bespoke support and resistance 0.9795-0.9865. The move higher is mixed and volatile, common in corrective sequences. The medium term bias remains bearish....

EURGBP - Intraday - We look to Sell at 0.9200 (stop at 0.9230) Posted Mixed Daily results for the last 3 days. Inside Soldiers have been posted on the daily chart. A bearish Head and Shoulders is forming. Trend line resistance is located at 0.9193. Bespoke resistance is located at 0.9200. Our profit targets will be 0.9090 and 0.9020 Resistance: 0.9193 / 0.9200...

EURAUD - Intraday - We look to Sell at 1.6530 (stop at 1.6570) Majority of the initial daily gains being overturned. Trades with a bearish descending triangle formation. Trend line support is located at 1.6400. Risk/Reward would be poor to call a sell from current levels. The formation has a measured move target of 1.6025. Further downside is expected although we...

EURCHF - Intraday - We look to Sell at 1.0917 (stop at 1.0942) Majority of the initial daily gains being overturned. Previous support level of 1.0841 broken. We have a 50% Fibonacci pullback level of 1.0828 from 0.9651 to 1.2000. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.0917. Our profit targets will be...

EURGBP - Intraday - We look to Sell at 0.9205 (stop at 0.9235) A 5 wave bearish count has been completed at 0.9090. Buying posted in Asia. Posted a Bearish Outside candle on the Weekly chart. The medium term bias remains bearish. Trend line resistance is located at 0.9191. Bespoke resistance is located at 0.9205. Preferred trade is to sell into rallies. Our...

USDCAD - Intraday - We look to Buy at 1.3251 (stop at 1.3216) Price action has formed an expanding wedge formation. Bespoke support is located at 1.3251. The 161.8% Fibonacci extension is located at 1.3311 from 1.3018 to 1.3199. The conflicting views have resulted in the immediate outlook being hard to interpret. The selloff has posted an exhaustion count on the...

NZDUSD - Intraday - We look to Sell at 0.6498 (stop at 0.6523) Posted Mixed Daily results for the last 6 days. Inside Soldiers have been posted on the daily chart. However, with the intraday chart now highlighting higher lows we are possibly forming an ascending triangle pattern. The previous swing high is located at 0.6498. Bespoke resistance is located at...

EURJPY - Intraday - We look to Sell at 118.73 (stop at 119.13) Bespoke resistance is located at 119.24. Continued downward momentum from 119.58 resulted in the pair posting net daily losses yesterday. Immediate signals are hard to interpret. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern....

USDJPY - Intraday - We look to Sell at 105.97 (stop at 106.32) The rally was sold and the dip bought resulting in mild net losses yesterday. Trading within a Bearish Channel formation. The trend of lower lows is located at 105.38. There is no clear indication that the downward move is coming to an end. Further downside is expected although we prefer to set shorts...

Entering a short NZDCAD position following the volatility candle break down, targeting prior lows from October 2018.

EURCHF - Intraday - We look to Sell at 1.0930 (stop at 1.0955) Continued downward momentum from 1.0956 resulted in the pair posting net daily losses yesterday. Bespoke support is located at 1.0830. There is no clear indication that the downward move is coming to an end. Ichimoku cloud support comes in at 1.0772. The 261.8% Fibonacci extension is located at 1.0785...

EURUSD - Intraday - We look to Buy at 1.1138 (stop at 1.1103) Price action continues to be mixed and volatile for 5 days in succession resulting in spikes in both directions. A Morning Doji Star formation has been posted at the low. The medium term bias remains bullish. Trading within a Corrective Channel formation. Trend line support is located at 1.1152. Posted...

EURGBP - Intraday - We look to Sell at 0.9240 (stop at 0.9270) Price action has formed a bearish ending wedge formation. Bearish divergence can be seen on the 4 hour 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. Rallies continue to attract sellers. There...

EURGBP - Intraday - We look to Sell at 0.9255 (stop at 0.9285) Price action has formed a bearish ending wedge formation. Bearish divergence can be seen on the 4 hour 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. Rallies continue to attract sellers. There...

EURJPY - Intraday - We look to Sell at 120.70 (stop at 121.10) Majority of the initial daily losses being recaptured. The 261.8% Fibonacci extension is located at 117.42 from 127.50 to 123.65. Buying posted in Asia. Trend line support is located at 118.25. A 5 wave bearish count has been completed at 117.67. Bespoke resistance is located at 120.65. Bespoke...

EURGBP - Intraday - We look to Sell at 0.9230 (stop at 0.9260) Trades at the highest level in 23 months. Selling posted in Asia. Price action has posted a bearish inverted Hammer and is negative for short-term sentiment. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of...

Short USDCAD off key resistance area coupled with fundamental bias. Open target. Final target would be 1.2800 area.

USDCAD - Intraday - We look to Sell a break of 1.3190 (stop at 1.3220) Posted a Bearish Inverted Hammer Bottom on the Daily chart. Bespoke support is located at 1.3200. Buying posted in Asia. A bearish Head and Shoulders is forming. A break of 1.3190 is needed to confirm follow through negative momentum. The formation has a measured move target of 1.3120. Our...