After a dramatic weekend in geopolitical news flow, we revert to areas more closely aligned with our expertise; the ebbs and flow of economic growth dynamic, inflation, central bank liquidity and month-/quarter-end flows. To set a platform for the week ahead – The USD rallied on 4 of the past 5 days (gaining 0.6%), while it was a rolling sea of red in our core...
HS50 - 24h expiry - We look to Buy at 19450 (stop at 19250) We are trading at overbought extremes. A lower correction is expected. Short term bias has turned positive. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 19430 level. Our...
HS50 - 24h expiry - We look to Sell at 19469 (stop at 19619) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. The 200 day moving average should provide resistance at 19458. This is negative for short term sentiment and we look to set shorts at good risk/reward levels...
Looking at the calendar for the week ahead and it’s a quiet affair by way of known event risks to catalyse. We have tier 1 idiosyncratic event risks, with the RBA and BoC meetings holding the potential for a 25bp hike respectively. However, I’d expect the central focus to remain on the USD, US rates pricing, US regional banks and whether we see a further positive...
HS50 - 24h expiry - We look to Sell at 19995 (stop at 20155) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The Ichimoku cloud and 200-day moving average provide further resistance and we look to set shorts in early trade to capture this selling opportunity. The weekly pivot is at 20000. The hourly chart...
HS50 - 24h expiry - We look to Sell at 20305 (stop at 20425) We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Further downside is expected although we prefer to sell into rallies close to the...
HS50 - 24h expiry - We look to Buy at 20260 (stop at 20090) Selling pressure from 20753 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Short term bias is mildly bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected...
HS50 - 24h expiry - We look to Sell a break of 20150 (stop at 20455) Previous support located at 20250. Previous resistance located at 20500. Price action has stalled at good resistance levels and currently trades just below here (20600). We expect a reversal in this move. A move through 20150 will confirm the bearish momentum. Our profit targets will be...
HK50 intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 2 Anyone same idea with me? BUY HK50 Good luck traders..
HS50 - 24h expiry - We look to Sell at 20209 (stop at 20430) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. Previous resistance located at 20209. The medium term bias remains bearish. Further downside is expected although we prefer...
HS50 - 24h expiry - We look to Sell at 19570 (stop at 19810) Buying pressure from 18823 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further...
HS50 - 24h expiry - We look to Sell at 19635 (stop at 19901) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The medium term bias remains bearish. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is...
HS50 - 24h expiry - We look to Sell at 19820 (stop at 20150) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The medium term bias remains bearish. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is...
HS50 - 24h expiry - We look to Sell a break of 19635 (stop at 19860) Selling posted in Asia. Selling pressure dominated price action yesterday and we expect this to continue today. Previous support located at 19635. The medium term bias remains bearish. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 19635,...
HS50 - 24h expiry - We look to Sell at 21020 (stop at 21245) Buying pressure from 20525 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further...
HS50 - 24h expiry - We look to Buy at 20900 (stop at 20670) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The hourly chart technicals suggests further downside before the uptrend returns. We look to buy dips. Although the anticipated move higher is corrective, it does...
HS50 - 24h expiry - We look to Buy at 21810 (stop at 21635) We are trading at oversold extremes. Price action looks to be forming a bottom. This is positive for sentiment and the uptrend has potential to return. Preferred trade is to buy on dips. Our profit targets will be 22265 and 22590 Resistance: 22590 / 24770 / 27550 Support: 20870 / 19525 /...