Saxo

Buying NASDAQ at yearly lows.NASDAQ - Intraday - We look to Buy at 10684 (stop at 10484) Trades at the lowest level in 30 days. Bespoke support is located at 10684. The medium term bias remains bullish. A Fibonacci confluence area is located at 13322. Our profit targets will be 11337 and 13322 Resistance: 11337 / 11552 / 13322 Support: 10800 / 10684 / 10427 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk inv

Buying ASX at psychological level.ASX200 - 21h expiry - We look to Buy at 7000 (stop at 6960) Selling pressure from 7171 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The medium term bias remains bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7115 and 7140 Resistance: 7140 / 7340 / 7590 Support: 6965 / 6860 / 6770 Disclaimer – Saxo Bank Group. Please be reminded – you alo

Cloudflare continues in a trend of lower highs.Cloudflare - 30d expiry - We look to Sell at 52.98 (stop at 56.11) Our short term bias remains negative. Daily signals are bearish. The medium term focus remains bearish and intraday rallies continue to find sellers. The trend of lower highs is located at 54.00. We look for a temporary move higher. Preferred trade is to sell into rallies. Levels close to the 38.2% pullback level of 54 found sellers. Our profit targets will be 45.15 and 44.15 Resistance: 47.00 / 51.00 / 54.00 Support:

Selling AGS at break of recent low.Ageas - 30d expiry - We look to Sell a break of 40.19 (stop at 41.42) The primary trend remains bearish. We are trading at overbought extremes. A break of the recent low at 40.28 should result in a further move lower. Bearish divergence is expected to cap gains. A higher correction is expected. Our profit targets will be 37.11 and 36.51 Resistance: 42.65 / 43.40 / 44.60 Support: 41.60 / 40.30 / 39.20 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for you

BYND is still bind in a range.Beyond Meat - 30d expiry - We look to Sell at 16.18 (stop at 17.45) The primary trend remains bearish. This stock has seen poor sales growth. Price action continued to range between key support & resistance (12 - 16) and we expect this to continue. Preferred trade is to sell into rallies. 16 continues to hold back the bulls. The bias is to break to the downside. Our profit targets will be 13.01 and 12.51 Resistance: 14.30 / 15.50 / 16.30 Support: 13.10 / 12.10 / 11.56 Disclaimer –

Selling SPX at previous support.US500 - Intraday - We look to Sell at 3909 (stop at 3963) A Fibonacci confluence area is located at 3776. An overnight positive theme in Equities has led to a higher open this morning. Intraday, and we are between bespoke support and resistance 3893-3503. There is no clear indication that the downward move is coming to an end. Our profit targets will be 3746 and 3503 Resistance: 3893 / 3909 / 4055 Support: 3746 / 3503 / 3491 Disclaimer – Saxo Bank Group. Please be reminded – you alone

Buying DHER at 0.786 pullback.Delivery Hero - 30d expiry - We look to Buy at 31.66 (stop at 29.69) We have a 78.6% Fibonacci pullback level of 31.00 from 23.88 to 57.16. Levels below 32 continue to attract buyers. The primary trend remains bearish. A higher correction is expected. Support is located at 31 and should stem dips to this area. Our profit targets will be 36.58 and 37.58 Resistance: 46.91 / 50.00 / 53.00 Support: 42.00 / 39.00 / 36.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are resp

Buying GBPNZD at current low.GBPNZD - 20h expiry - We look to Buy at 1.9050 (stop at 1.8890) Previous support located at 1.9100. Previous resistance located at 1.9250. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.9250 will confirm the bullish momentum. Our profit targets will be 1.9420 and 1.9450 Resistance: 1.9250 / 1.9400 / 1.9450 Support: 1.9100 / 1.9050 / 1.9000 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsi

AXA has turned negative.Axa - 30d expiry - We look to Sell a break of 25.89 (stop at 26.71) We are trading at overbought extremes. Short term bias has turned negative. Short term MACD has turned negative. The bearish engulfing candle on the daily chart is negative for sentiment. There is no clear indication that the downward move is coming to an end. A break of the recent low at 25.93 should result in a further move lower. Our profit targets will be 23.92 and 23.12 Resistance: 26.70 / 27.00 / 27.68 Support:

Buying NZDUSD at current support.NZDUSD - 21h expiry - We look to Buy at 0.6311 (stop at 0.6235) Previous support located at 0.6350. Previous resistance located at 0.6400. Price action has continued to trend strongly lower and has stalled at the previous support near 0.6300. Risk/Reward would be poor to call a buy from current levels. A move through 0.6400 will confirm the bullish momentum. Our profit targets will be 0.6465 and 0.6500 Resistance: 0.6400 / 0.6450 / 0.6500 Support: 0.6350 / 0.6300 / 0.6250 Disclaimer –

Buying NZDJPY at swing lows.NZDJPY - 21h expiry - We look to Buy at 85.75 (stop at 85.10) Previous support located at 86.00. Previous resistance located at 87.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 87.25 and 87.50 Resistance: 87.00 / 87.25 / 87.50 Support: 86.00 / 85.75 / 85.25 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both g

MT to break higher?ArcelorMittal - 30d expiry - We look to Buy a break of 26.51 (stop at 25.56) Daily signals are bullish. 26.47 has been pivotal. Our short term bias remains positive. The bias is to break to the upside. There is no clear indication that the upward move is coming to an end. We are trading within a Bullish Ascending Triangle formation. Our profit targets will be 28.88 and 29.38 Resistance: 26.50 / 27.00 / 28.00 Support: 25.50 / 25.10 / 24.42 Disclaimer – Saxo Bank Group. Please be remi

Etheurem to break to the upside?Ethereum - 14h expiry - We look to Buy a break of 1312 (stop at 1269) Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 1302 should result in a further move higher. Price action looks to be forming a bullish flag/pennant. We look for gains to be extended today. Our profit targets will be 1418 and 1438 Resistance: 1300 / 1330 / 1350 Support: 1280 / 1250 / 1220 Disclaimer – Saxo Bank Group. Please be rem

AGN to break downward?Aegon - Intraday - We look to Sell a break of 4.578 (stop at 4.757) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The primary trend remains bearish. Trading within a Corrective Channel formation. A break of the recent low at 4.585 should result in a further move lower. Trading has been mixed and volatile. Bearish divergence is expected to cap gains. Our profit targets will be 4.131 and 4.031 Resistance: 4.750 / 4.800 / 4.900 Supp

Buying NZDJPY at swing low.NZDJPY - 22h expiry - We look to Buy at 85.75 (stop at 85.10) Previous support located at 86.50. Previous resistance located at 87.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 87.00 will confirm the bullish momentum. Our profit targets will be 87.25 and 87.50 Resistance: 87.00 / 87.25 / 87.50 Support: 86.00 / 85.75 / 85.00 Disclaimer – Saxo Bank Group. Please be remin

Selling Visa at swing highs.Visa - 30d expiry - We look to Sell at 216.49 (stop at 223.41) We are trading at overbought extremes. Bearish divergence can be seen on the daily 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. Bearish divergence is expected to cap gains. We look for a temporary move higher. The previous swing high is located at 217.61. 218.07 has been pivotal. Preferred trade is to sell into ralli

Selling CRM at swing highs.Salesforce - 30d expiry - We look to Sell at 164.77 (stop at 172.51) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 166.59 has been pivotal. 166 continues to hold back the bulls. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets will be 145.55 and 140.55 Resistance: 153.40 / 158.00 / 165.00 Support: 148.35 / 145.00 / 137.00 Disclaimer – Saxo Bank Group. Plea

Lufthansa to stop flying?Lufthansa - 30d expiry - We look to Sell a break of 7.088 (stop at 7.422) We are trading at overbought extremes. Bearish divergence is expected to cap gains. The primary trend remains bearish. Price action has posted a Doji candle and signals a possible reversal of the recent trend. A higher correction is expected. A break of the recent low at 7.127 should result in a further move lower. Our profit targets will be 6.253 and 6.053 Resistance: 7.250 / 7.420 / 7.500 Support: 7.200 / 7.000

Buying MSFT break of recent high.Microsoft - 30d expiry - We look to Buy a break of 253.11 (stop at 243.98) Prices have reacted from 213.43. Posted a Double Top formation. 250.58 has been pivotal. The previous swing high is located at 253.00. A break of the recent high at 253.00 should result in a further move higher. Short term momentum is bullish. The bias is to break to the upside. Our profit targets will be 274.98 and 279.98 Resistance: 250.00 / 260.00 / 267.00 Support: 235.00 / 220.00 / 210.00 Disclaimer – Saxo

EZJ awaiting a correction.EasyJet - 30d expiry - We look to Buy at 353.1 (stop at 329.8) A lower correction is expected. Short term RSI is moving lower. A higher correction is expected. Bespoke support is located at 350. We look to buy dips. 338 has been pivotal. The 50 day moving average should provide support at 352. Our profit targets will be 409.8 and 419.8 Resistance: 430 / 448 / 480 Support: 400 / 370 / 350 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading –

Koninklike in a range.Koninklike Ahold Delhaize - 30d expiry - We look to Buy at 27.14 (stop at 26.59) Price action continued to range between key support & resistance (27.00 - 28.40) and we expect this to continue. 27.05 has been pivotal. 26.84 has been pivotal. Daily signals are mildly bullish. The primary trend remains bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 28.49 and 28.99 Resistanc

Bayer continues to hold back the bulls.Bayer AG - 30d expiry - We look to Sell at 54.48 (stop at 56.11) Daily signals are bearish. 54.50 continues to hold back the bulls. Bespoke resistance is located at 54.50. Preferred trade is to sell into rallies. The bearish engulfing candle on the daily chart is negative for sentiment. Our profit targets will be 50.41 and 49.41 Resistance: 52.00 / 53.20 / 54.50 Support: 49.50 / 48.50 / 47.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your tradin

AXA to correct lower.Axa - Intraday - We look to Sell a break of 26.19 (stop at 27.11) We are trading at overbought extremes. Posted a Double Top formation. Bearish divergence is expected to cap gains. A higher correction is expected. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Our profit targets will be 24.02 and 23.22

Fading into FCEL bear flag.FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01) The primary trend remains bearish. Price action is forming a bearish flag which has a bias to break to the downside. A break of the recent low at 2.86 should result in a further move lower. Our outlook is bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 2.24 and 2.14 Resistance: 3.25 / 3.40 / 3.80 Support: 3.00 / 2.77 / 2.50 Disclaimer – Saxo Bank G