DayTradeIdeas

DayTradeIdeas

Gold hits mega important 2.5 year trend line support at 1240/38. We also have important 200 week moving average support at 1234/33 so as long as this holds bulls can take control targeting 1245/46, 1249/50 & 1255/56. Longs at 1240/38 need stops above 1230. A break lower is an important longer term sell signal.

DayTradeIdeas

RECAP Dax could be forming a huge head & shoulders but we will not have a longer term sell signal until we break the neckline at 11600. We topped just 7 ticks above the main challenge for bulls today at 12410/420. Forecast Dax held the main challenge for bulls today at 12410/420 almost perfectly & collapsed to what is now very minor support at the 100 week...

DayTradeIdeas Updated 

I warned my subscribers yesterday morning that the US dollar was oversold in the short term & could bounce & I think it turned just as I delivered the email. However, I am waiting for the US dollar index to continue lower & EURUSD to start to trend higher eventually.... The downside should be limited & we want to buy on weakness but below. Further losses target...

DayTradeIdeas

RECAP: GBPUSD lower as expected but bottomed 19 pips above strong support at 1.3080/70. An unexpectedly strong bounce beat 1.3260/65 with stops above 1.3290 activated before a high 11 pips from 1.3325/35. FORECAST: GBPUSD overbought short term so hopefully some initial weakness at the start of this week to allow us to start buying in to longs at 1.3235 &...

DayTradeIdeas Updated 

Bitcoin holding below first resistance at 6750/70 targets 6670/60 then support at 6520/6500. Below 6450 targets 6350/40 & 6250/40 before the low at 6140/20. Further losses test the important crash low at 5950/20. Strong resistance at 6750/70 but shorts need stops above 6850. A break higher targets 6920/50. Further gains test the May low at 7020/30 but if we...

DayTradeIdeas

EuroStoxx below 3410/05 risks a slide to the May low at 3385/80. A break below the 50% Fibonacci at 3374 targets 3366 & 3359/55. Holding 3410/05 allows a recovery to 3428/30 with strong resistance at 3439/42. Shorts need stops above 3450. A break higher meets strong resistance at 3461/64. Shorts need stops above 3470.

DayTradeIdeas

A break below these levels of 12800 targets 12775/770 then last week's low at 12730/725. Below 12700 risks a slide to 12635/625.

DayTradeIdeas

Bitcoin breaks the May low at 7050/7025 to hit 6627. Oversold short term so a small is possible but do not even think about a long position. First resistance at 6890/6910 then 7040/070. If we unexpectedly continue higher look for 7170/7200 then a selling opportunity at 7310/40. Outlook remains negative with further losses likely. Targets: 6550, 6510 & March low...

DayTradeIdeas

Above 6530 confirms a potential move towards 6565 & yesterday's high of 6595 but look for a selling opportunity at 6620/30 . Try shorts with stops above 6670. A break higher however allows a further recovery to strong resistance at 6745/55. Failure to hold beat 6530 risks a slide to 6465/55 before the low at 6430/20. Below 6415/10 targets 6390/80, perhaps as...

DayTradeIdeas Updated 

Bitcoin holding below 7600 confirms failure, targeting 7500/7495 (now hit), perhaps as far as 7330/10 today. On further losses look for 7200/7190 before the May low at 7035/25. Minor resistance at 7500 with stronger resistance at 7600/7620. Above 7650 meets a selling opportunity at 7720/40, with stops above 7800. An unexpected break higher targets 7950/8000,...

DayTradeIdeas

GBPJPY has strong resistance at 147.20/30 this week. Try shorts with stops above 147.60.

DayTradeIdeas Updated 

WTI Crude tests important support at 6600/6580 for a buying opportunity with stops below 6530. An unexpected but sustained break below 6530 however is a big sell signal. I expect a strong bounce eventually to target 6620/30 & 6665/75 but we meet resistance at 6715/25. We should struggle with a high for the day likely...but shorts are too risky in the bull trend.

DayTradeIdeas

Recap: EURUSD we warned of short term bullish candles but there was no way I could recommend longs on such a weak signal. We rocketed to our selling opportunity at 1.1650/60 & topped just 16 pips above. Forecast EURUSD strong resistance at 1.1650/60 is obviously key to direction, stops above 1.1690. A break higher meets strong resistance at 1.1735/45. Try...