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...
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...
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...
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...
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...
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...
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...
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:...
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...
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....
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 /...
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...
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...
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...
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...
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...
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...
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...
