EURUSD - Intraday - We look to Buy at 1.0924 (stop at 1.0894)
Broke the sequence of 2 negative daily performances. Bespoke resistance is located at 1.1026. The previous swing high is located at 1.1024. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. A break of bespoke resistance at 1.0960, and the move...
GBPUSD - Intraday - We look to Buy at 1.2392 (stop at 1.2357)
Broken out of the wedge formation to the upside. The formation has a measured move target of 1.2784. The medium term bias remains bullish. Bespoke support is located at 1.2392. Daily/Weekly Ichimoku Cloud support is seen at 1.2399. Expect trading to remain mixed and volatile. Intraday signals are far...
NZDUSD - Intraday - We look to Buy at 0.6423 (stop at 0.6388)
Price action continues to be mixed and volatile for 3 days in succession resulting in spikes in both directions. Buying posted in Asia. Broken out of the channel formation to the upside. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.6498. Bespoke...
EURAUD - Intraday - We look to Buy at 1.5955 (stop at 1.5910)
Broken out of the wedge to the downside. The 161.8% Fibonacci extension is located at 1.6012 from 1.6787 to 1.6308. Bespoke support is located at 1.5955. The conflicting views have resulted in the immediate outlook being hard to interpret. The selloff is close to an exhaustion count on the intraday...
Sl: 108.34 | -0.34%
TP 1: 106.88 | +1.01%
TP 2: 105.86 | +0.95%
50% close on target 1 at 106.88
50% close on target 2 at 105.86 with changing the stop loss to break even at the buying price
EURUSD - Intraday - We look to Sell at 1.1000 (stop at 1.1030)
6 negative daily performances in succession. Selling posted in Asia. The trend of lower lows is located at 1.0931. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. We look to set shorts at our bespoke indicator level...
EURGBP - Intraday - We look to Buy at 0.9074 (stop at 0.9044)
Posted Mixed Daily results for the last 7 days. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.9184. The 50% Fibonacci retracement is located at 0.9170 from 0.9324 to 0.9016. There is scope for mild selling at the open but losses should be limited....
Short EURCHF at 1.0860 area anticipating a break below the key weekly level. Open target but initially to the next major weekly level at around 1.0630. Stop will be trailed.
USDJPY - Intraday - We look to Buy at 106.01 (stop at 105.71)
Posted Mixed Daily results for the last 6 days. Buying posted in Asia. The Marabuzo level from the 13/08 is located at 106.01. Bespoke support is located at 106.01. Bespoke resistance is located at 107.73.
Our profit targets will be 106.73 and 108.50
Resistance: 106.85 / 107.73 / 108.50
Support:...
EURGBP - Intraday - We look to Sell at 0.9108 (stop at 0.9138)
Broken out of the triangle formation to the downside. The formation has a measured move target of 0.8560. Bespoke support is located at 0.9017. Risk/Reward would be poor to call a sell from current levels. Reverse trend line resistance comes in at 0.9087. Bespoke resistance is located at 0.9108.
Our...
AUDUSD - Intraday - We look to Buy at 0.6745 (stop at 0.6715)
Posted Mixed Daily results for the last 7 days. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Trading between support at 0.6745 and resistance at 0.6821. Preferred trade is to buy on dips. Price action is forming a bullish...
EURAUD - Intraday - We look to Sell at 1.6616 (stop at 1.6656)
An Evening Doji Star formation has been posted at the high. Buying posted in Asia. Bespoke resistance is located at 1.6616. The previous swing high is located at 1.6626. The 50% Fibonacci retracement is located at 1.6596 from 1.6787 to 1.6406. Preferred trade is to sell into rallies.
Our profit...
AUDJPY - Intraday - We look to Buy a break of 72.16 (stop at 71.86)
The 423.6% Fibonacci extension level of the 76.28-75.13 move is at 71.40. A Doji style candle has been posted from the base. A bullish reverse Head and Shoulders is forming. Trend line resistance is located at 72.16. A break of 72.16 is needed to confirm follow through bullish momentum. The...
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