Bitcoin - Intraday - We look to Buy at 10200 (stop at 9800)
A Morning Star formation has been posted at the low. Bias is mildly bullish today but we need to see a break of 10800 to confirm the upward pressure. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an...
The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390.
What we have observed is price discounting itself. An opportunity to buy at a cheaper price level.
So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...
US500 - Intraday - We look to Sell at 3020 (stop at 3030)
Our profit targets will be 2910 and 2900
Resistance: 3022 / 3040 / 3050
Support: 2970 / 2910 / 2900
Weekly – Close to an exhaustion count (trend line resistance at 3032)
Daily chart – Overbought
Intraday chart – Ending wedge. 261.8% lines up with the trend of
higher highs. A break...
Intraday - We look to Sell at 1400 (stop at 1407)
The medium term bias remains bullish.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Selling posted in Asia.
Expect trading to remain mixed and...
Monthly – Triangle formation. Trend of lower highs at 0.9022
Daily - 261.8% and a DeMark 13
Intraday (four-hour) – Expanding Wedge has a bias to break lower
We look to sell EURGBP at 0.9000
Euro-zone retail sales declined 0.3% for May compared with consensus expectations...
EURUSD - Intraday - We look to Buy at 1.1282 (stop at 1.1242)
Inside Soldiers have been posted on the daily chart. Selling posted in Asia. The medium term bias remains bullish. Broken out of the wedge formation to the upside. The formation has a measured move target of 1.1448. The Marabuzo support is located at...
1D TF shows us a strong downtrend that initiated on March 26th of this year. And we see a morning star on June 20th that started a local correction up.
4HTF – The price is still currently slightly above the 9EMA. Approaching simultaneously the 200EMA, 23.6 Fibo Correction level and our local trend line.
Here we have to consider 2 possible scenarios:
AUDUSD - Stalls close to the previous high. Look for a correction.
Weekly – Completes a bearish 5-wave count (Elliott Wave). Expanding wedge offers a long to medium term bullish bias.
Intraday – The three-hour chart looks to have completed a 5-wave count to the upside. Bespoke resistance is seen at 0.6997. We...
OANDA:XAUUSD, FX:XAUUSD, FOREXCOM:XAUUSD
Monthly: The reverse head & shoulders formation has finally broken the neckline.
Daily: Previous reistance levels should now act as support including 1392, 1375 & 1367
Sell XAUUSD in front of $1375 & $1366
Stop loss at $1347
Although USDCAD has posted two ‘Inside Days’ (which highlights indecision) there is no clear indication that the selloff is coming to an end.
Bearish expanding wedge on the weekly chart with a DeMark 13
Broken the wedge formation on the daily chart
Intraday chart is holding inside a corrective channel
Trade idea – GBPUSD – Close to resistance. Scope for a correction lower to buy into
Monthy – Bullish wedge formation
Weekly – Possible ‘Outside Week’
Daily – Bullish Morning Star
4H – Close to resistance and DeMark 13. Scope for a correction lower
We look to buy at 1.2580 target 1.2745 stop 1.2580
Caution - UK Figures...
Weekly – Bearish Outside Candle with bearish expanding wedge pattern
Daily – Breaks the wedge to the downside. Measured move 1.3115. Outside Day posted yesterday
We look to sell at 1.3400 Stop 1.3440 Target 1.3115
Economic figures could adversely affect the short term technical picture.
Weekly – Bullish channel with bearish divergence
Daily – Bullish flag and overbought
4H - Breaking higher from bullish flag - looking for re-test to set longs
Buy AUS200 at 6560. Stop 6520. Target 6660
Overbought and bearish divergence on longer term charts could stifle this move
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Monthly – Holds within a symmetrical triangle
Weekly – Bearish Head and Shoulders building but scope for higher levels
4H – Oversold. Stalls and reversing close to bespoke support at 1.7135
Buying EURNZD at 1.7135. Stop 1.7095 Target 1.7230
Higher timeframes offer a bearish bias so caution needed
Why is EURUSD correcting lower after such an impulsive breakout?
Firstly, we have nothing in the way of major economic releases or ‘news bombs’ to send the major currency pair in either direction.
After an aggressive turnaround in stocks, we have seen the market relatively flat this week as we consolidate...
US30 - Intraday - We look to Buy at 26075 (stop at 26000)
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. The move higher is mixed and volatile, common in corrective sequences. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. With our medium term bias...