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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
18/01/2019
  • Emini Dow Jones _ Nasdaq
    18/01/19
    Emini Dow Jones holding the next target of 24460/480 as I write before 11 month trend line resistance at 24510/520. A break higher targets 24600/620, perhaps as far as 24750/760 before quite strong resistance at 24850/870. Minor support at 24345 then strong support at 24280/260. Further losses however target 24180/170. Look for an excellent buying opportunity at 24030/000. Nasdaq closing in on 6765/68 before we dipped to 6710. Outlook positive despite overbought conditions. Above 6740 re-targets 6760/65. Above 6770 look for 6781/84 & 6790/93 & strong resistance at 6815/20. Below 6700 risks a slide to 6670/60. Downside should be limited but below here meets strong support at 6645/40. Stops below 6630.
  • Ftse
    18/01/19
    FTSE holding above 6795/99 as I write targets 6830 quite strong resistance at 6845/50. If we continue higher look for 6865/68 & a high for the day likely. First support at 6785/80 before better support at 6760/50. A break below 6740 is a sell signal therefore, initially testing the low last week at 6715/10. Below 6695 look for 6675/70.
  • Dax
    18/01/19
    Dax topped exactly at strong resistance at 10950/11,000 in all but 1 of the last 7 sessions. If we break higher with US markets we meet the biggest resistance of the week at the 7.5 year trend line at 11140/160. Try shorts with stops above 11240. Below 10900 today re-targets 10840/830, 10805/800 (we held here again yesterday) & support at 10795/785. On further losses look for good support at 10750/740. Further better support at 10710/700. A break below 10690 is a sell signal targeting 10640/630, perhaps as far as 10580.
  • Emini SP 500 _ Nasdaq
    18/01/19
    Emini S&P bulls must hold prices above first support at 2625/20 to re-target 2636/37 & 2640/45. A break higher targets 2649/50 & 2653/55, perhaps as far as 2659/61. On further gains look for 2669/71. Key support at 2625/20. Longs need stops below 2610. Below 2600 is more negative targeting 2590/85. Nasdaq closing in on 6765/68 before we dipped to 6710. Outlook positive despite overbought conditions. Above 6740 re-targets 6760/65. Above 6770 look for 6781/84 & 6790/93 & strong resistance at 6815/20. Below 6700 risks a slide to 6670/60. Downside should be limited but below here meets strong support at 6645/40. Stops below 6630.
  • AUDUSD _ NZDUSD
    18/01/19
    AUDUSD is stuck to 7175/85 in severely overbought conditions. I would suggest that a break below 7150 signals weakness targeting support at 7110/00. Holding support at 7185/75 allows a recovery to 7200 & 7230/35, perhaps as far as 7250 before Fibonacci resistance at 7270/80. On further gains look for strong resistance at 7320/30. NZDUSD resistance at 6790/6800 did the job yesterday as expected as we re-target this morning 6745/40 (as I write). On further losses look for better support at 6710/00 for profit taking on shorts but do not be surprised to see a test of strong support at 6695/85. Bulls need to sustain a break above 6800 to target 6835 then 6870/80 & perhaps as far as 6910.
  • USDJPY _ EURJPY
    18/01/19
    USDJPY has taken all week to climb 140 pips to resistance at 109.40/50 with a high for the day as predicted. A break above 109.45 would be a buy signal today therefore targeting 109.53/56, 109.73/78 & perhaps as far as 109.95/99. Failure to beat 109.40/50 targets 108.95/90. Better support at 108.60/55 could see a low for the day. Stops below 108.40. EURJPY first resistance at 124.60/65 is key to direction. A break above 124.80 is a buy signal targeting 125.05 & 125.35/40. Failure to beat resistance at 124.60/65 targets 124.30/35 & first support at 124.10/05. Below 124.00 look for 123.75 & 123.50/40, which held so well this week. On further losses look for 123.20/15 & 122.75/65.
  • EURUSD _ USDCAD
    18/01/19
    EURUSD first support at 1.1385/80 then better support at 1.1325/15. Longs need stops below 1.1300. Further losses retest the December low at 1.1275/65. We should struggle at first resistance at 1.1420/30 this morning but above here targets 1.1460/65 with a high for the day expected. USDCAD has only traded sideways this week, unable to hold on to intraday gains. First support at 1.3230/25 with much better support at 1.3200/1.3190. Longs need stops below 1.3170. A break lower is a sell signal targeting 1.3120/10 then 1.3080/70 for profit taking on shorts. Minor resistance at 1.3290/95 but a break above 1.3300 targets 1.3330/40. A break above 1.3350 signals further gains to strong resistance at 1.3400/10. Try shorts with stops above 1.3430.
  • GBPUSD _ GBPJPY
    18/01/19
    GBPUSD topped exactly at 1.2990/99. A break above 1.3010 targets 1.3035/45 & 1.3070 before very strong resistance at 1.3085/95. Failure to beat 1.3000 targets 1.2960 before good support at 1.2930/20. Try longs with stops below 1.2900. Try longs again at 1.2880/70 with stops below 1.2855. GBPJPY first resistance at 142.10/20 but above 142.30 is a buy signal targeting 142.55/65 & resistance at 142.90/99 for profit taking. Failure to beat 142.10/20 targets 141.60/50 before support at 141.10/00. Strong support at 140.70/60 but longs need stops below 140.30.
  • Gold _ Silver
    18/01/19
    Gold first support at 1289/88 (held perfectly AGAIN yesterday) but below 1285 targets 1283/82 perhaps as far as as 1278/77. First resistance at 1295/96 but a break above 1299 is a buy signal targeting 1303/04 & 1308/09, perhaps as far as 1316/17. Silver trades sideways to ease overbought conditions with first support at 1555/53 STILL holding perfectly, but below here targets support at 1535/32. Try longs with stops below 1527. Minor resistance at 1570/71 but above 1573 targets strong resistance at 1586/89. Try shorts with stops above 1600. A break higher is a buy signal - hold longs again.
  • WTI Crude
    18/01/19
    WTI Crude good support at 5155/45 but below here look for 5090/80 perhaps as far as support at 5050/40. Further losses test support at 4980/70. A bounce from here is likely on the first test at least but if we continue lower look for 4920. Below 4900 targets 4850 & 4840/30. Bulls need to hold prices above 5210/00 this morning to target 5230/40 & 5276/80 before quite strong resistance at the recovery high at 5320/30. A sustained break above here can take prices another 100 ticks higher towards 5420/40.
Reports for
17/01/2019
  • Ftse
    17/01/19
    FTSE tests support at 6785/80 before better support at 6760/50. A break below 6740 is a sell signal therefore, initially testing the low last week at 6715/10. Below 6695 look for 6675/70. Holding the 6780/60 area allows a recovery to 6795/99. Gains are likely to be limited but above here targets 6830, perhaps as far as quite strong resistance at 6845/50.
  • Dax
    17/01/19
    Dax topped exactly at strong resistance at 10950/11,000 in all but 1 of the last 6 sessions. It is increasingly unlikely, but if we break high we meet the biggest resistance of the week at the 7.5 year trend line at 11140/160. Try shorts with stops above 11240. We could hold minor resistance at 10900 today to target 10840/830, 10805/800 (we bottomed exactly here yesterday) & support at 10795/785. On further losses look for good support at 10750/740. Further better support at 10710/700. A break below 10690 is a sell signal targeting 10640/630, perhaps as far as 10580.
  • Emini Dow Jones _ Nasdaq
    17/01/19
    Emini Dow Jones strong resistance at 24200/230 is key to direction. Below 24070 tests good support at 24000. A break below 23940 is a sell signal targeting 23870/860 then 23800. Bulls now require a sustained break above 24300. I think it is unlikely but would target 24340 & 23460/480. Exit longs & try shorts from here up to 24520. Nasdaq reached 6735 & reversed towards last week's high at 6645. Below 6640 is another negative signal targeting 6630 & minor support at 6620/15. Best chance of a low for the day is at 6595/6590. Holding 6645/40 allows a recovery to 6665/70 perhaps as far as 6695/99. Gains are likely to be limited but above here 6705 retests 6735. A break above 6640 puts bulls back in control for 6647 & 6665/68.
  • Emini SP 500 _ Nasdaq
    17/01/19
    Emini S&P enters our selling opportunity at strong resistance from 2605 up to 2620. We are short with wide stops above 2635, expecting the bear trend to resume. An unexpected break higher however is a buy signal. Key support at 2607/05 today so below here is more negative targeting support at 2596/95. Watch for a bounce from here on the 1st test. A break below 2590 is a sell signal initially targeting 2587/86 & 2583/80. Nasdaq reached 6735 & reversed towards last week's high at 6645. Below 6640 is another negative signal targeting 6630 & minor support at 6620/15. Best chance of a low for the day is at 6595/6590. Holding 6645/40 allows a recovery to 6665/70 perhaps as far as 6695/99. Gains are likely to be limited but above here 6705 retests 6735. A break above 6640 puts bulls back in control for 6647 & 6665/68.
  • WTI Crude
    17/01/19
    WTI Crude topped exactly at strong resistance at 5230/40. Bulls require a break above 5250 today to target 5276/80 & retest quite strong resistance at the recovery high at 5320/30. A sustained break above here can take prices another 100 ticks higher towards 5420/40. Failure to beat strong resistance at 5230/35 targets 5180/70 (holding as I write) but below 5150 look for 5090/80 perhaps as far as support at 5050/40. Further losses test support at 4970/60. A bounce from here is likely on the first test at least but if we continue lower look for 4920. Below 4900 targets 4850 & 4840/30.
  • Gold _ Silver
    17/01/19
    Gold first support at 1289/88 (held perfectly yesterday) but below 1286 meets strong support at 1283/82. Longs need stops below 1280. A break is a short term sell signal targeting 1275/74, perhaps as far as as a buying opportunity at 1267/66, with stops below 1262. First resistance at 1296/96 but a break above 1300 is a buy signal targeting 1303/04 & 1308/09, perhaps as far as 1316/17. Silver trades sideways to ease overbought conditions with first support at 1555/53 STILL holding perfectly, but below here targets support at 1535/32. Try longs with stops below 1527. Minor resistance at 1570/71 but above 1573 targets strong resistance at 1586/89. Try shorts with stops above 1600. A break higher is a buy signal - hold longs again.
  • AUDUSD _ NZDUSD
    17/01/19
    AUDUSD is stuck to 7175/85 in severely overbought conditions. I would suggest that a break below 7150 signals weakness targeting support at 7110/00. Holding support at 7185/75 allows a recovery to 7200 & 7230/35, perhaps as far as 7250 before Fibonacci resistance at 7270/80. On further gains look for strong resistance at 7320/30. NZDUSD now holding below first resistance at 6790/6800 to target support at 6745/40 (longs are too risky here). On further losses look for better support at 6710/00 for profit taking on shorts. Bulls need to sustain a break above 6800 to target 6835 then 6870/80 & perhaps as far as 6910.
  • USDJPY _ EURJPY
    17/01/19
    USDJPY longs at first support at 108.40/30 benefiting from a recovery to 108.75 then 108.95/109.00. We are holding above 109.00 as I write to target resistance at 109.40/50 & probably the best chance of a high for the day. A break above 109.70 would be a buy signal therefore. Holding below 109.00 in overbought conditions targets 108.80/70 & best support today at 108.50/40. Longs need stops below 108.25. EURJPY bounced to resistance at 124.30/35. A break above 124.45 meets resistance at 124.70/75 but a break above 124.85 is a small buy signal targeting 125.05, perhaps as far as 125.35/40. Failure to beat resistance at 124.30/35 targets 123.95/124.05 then support at 123.50/40, which held so well this week. On further losses look for 123.20/15 & 122.75/65.
  • EURUSD _ USDCAD
    17/01/19
    EURUSD first resistance at 1.1425/30 then resistance again at 1.1465. Above 1.1470 is a small buy signal targeting 1.1500 & perhaps as far as 1.1530. First support at 1.1390/80 but below 1.1370 is a small sell signal targeting 1.1340/35, perhaps as far as 1.1310 . Further losses could retest the December low at 1.1275/65. USDCAD topped exactly at the next target of 1.3285/95 but first support needs to be revised to 1.3230/20 with much better support at 1.3200/1.3190. Longs need stops below 1.3170. A break lower is a sell signal targeting 1.3120/10 then 1.3080/70 for profit taking on shorts. A break above 1.3300 targets 1.3330/40. A break above 1.3350 signals further gains to strong resistance at 1.3400/10. Try shorts with stops above 1.3430.
  • GBPUSD _ GBPJPY
    17/01/19
    GBPUSD strong resistance at 1.2890/99 is key to direction again today. First support at 1.2860/55 but below here targets 1.2815/05. On further losses look for strong support at 1.2740/30. Bulls need a sustained break above 1.2930 to target 1.2946/50 & 1.2990/99. On further gains look for 1.3035/45 & 1.3070 before very strong resistance at 1.3095/1.3105. GBPJPY bounced from first support at 138.85/75 & only paused at strongest resistance of the day at 139.75/80 before hitting 140.45/50. We are breaking higher as I write for 140.85/95 & the main challenge for bulls today today. Try shorts with stops above 141.20. A break higher is a buy signal targeting 141.45/50 & 141.90/99. There is a good chance we hold below 140.85/95 targeting 140.00/139.90 & support at 139.50/40. On further losses look for strong support at 138.80/70.
Reports for
16/01/2019
  • Ftse
    16/01/19
    FTSE key to direction should be at 6860/70 today. Holding below this resistance targets 6830 & 6800 before support at 6785/80. Better support at 6760/50 is probably the best chance of a low for the day but a break below 6740 is more negative therefore, initially testing the low last week at 6715/10. Below 6695 look for 6675/70. Minor resistance at 6840 then stronger resistance at 6860/70. Shorts need stops above 6885. A break higher meets an excellent selling opportunity at 6945/55, stops above 6980.
  • Dax
    16/01/19
    Dax topped exactly at strong resistance at 10950/11,000. It is increasingly unlikely, but if we break high we meet the biggest resistance of the week at the 7.5 year trend line at 11140/160. Try shorts with stops above 11240. We could hold minor resistance at 10900 today to target 10840/830, 10805/800 (we bottomed exactly here yesterday) & support at 10795/785. On further losses look for good support at 10750/740. Further better support at 10710/700. A break below 10690 is a sell signal targeting 10640/630, perhaps as far as 10580.
  • Emini Dow Jones _ Nasdaq
    16/01/19
    Emini Dow Jones outlook negative if we start to hold below 24000 targeting 23930 then minor support at 23900/890. On further losses look for 23850/840 & very minor 2 week trend line support at 23780/760. A break below 23700 is another negative signal. A break above 24080/099 meets strong resistance at 24200/230 where we watch for a sell signal. Nasdaq reached 6692. If we continue higher look for 6710/20. We are severely overbought & waiting for a sell signal but above here look for 6735 then trend line resistance at 6770/80. We are overbought in the short term too so if we hit profit taking look for 6665 & 6655, perhaps as far as 6645/40. A break below 6630 targets 6615/05.
  • Emini SP 500 _ Nasdaq
    16/01/19
    Emini S&P enters our selling opportunity at strong resistance from 2605 up to 2620. I am now scaling in to shorts with wide stops above 2635, expecting the bear trend to resume. An unexpected break higher however is a buy signal. For our shorts we need prices back below 2590 for a negative signal targeting 2580 & support at 2574/72, but longs are too risky here. Below 2570 targets 2560 & perhaps as far as support at 2549/46. Nasdaq reached 6692. If we continue higher look for 6710/20. We are severely overbought & waiting for a sell signal but above here look for 6735 then trend line resistance at 6770/80. We are overbought in the short term too so if we hit profit taking look for 6665 & 6655, perhaps as far as 6645/40. A break below 6630 targets 6615/05.
  • WTI Crude
    16/01/19
    WTI Crude topped exactly at strong resistance at 5230/35. Bulls require a break above 5250 today to target 5276/80 & retest quite strong resistance at the recovery high at 5320/30. A sustained break above here can take prices another 100 ticks higher towards 5420/40. Failure to beat strong resistance at 5230/35 targets 5180/70 (holding as I write) but below 5150 look for 5090/80 perhaps as far as 5050/40. Further losses test support at 4970/60. A bounce from here is likely on the first test at least but if we continue lower look for 4920. Below 4900 targets 4850 & 4840/30.
  • Gold _ Silver
    16/01/19
    Gold first support at 1289/88 but below 1286 meets strong support at 1283/82. A break below 1280 however is a short term sell signal targeting 1275/74, perhaps as far as as a buying opportunity at 1267/66, with stops below 1262. First resistance at 1298/99. Above 1300 is a buy signal targeting 1303/04 & 1308/09, perhaps as far as 1316/17. Silver trades sideways to ease overbought conditions with first support at 1555/53 STILL holding perfectly, but below here targets support at 1535/32. Try longs with stops below 1527. Minor resistance at 1570/71 but above 1573 targets strong resistance at 1586/89. Try shorts with stops above 1600. A break higher is a buy signal - hold longs again.
  • AUDUSD _ NZDUSD
    16/01/19
    AUDUSD is holding first support at 7175/85. Above 7230/35 targets 7250 & Fibonacci resistance at 7270/80. On further gains look for strong resistance at 7320/30. I am a little concerned about holding longs because we are severely overbought. This Failure to hold 7175/85 in severely overbought conditions (longs need stops below 7155) targets 7120/15 then support at 7100/7090. NZDUSD bottomed exactly at first support at 6790/6800 when tested twice yesterday. We target 6835 then 6870/80 & perhaps as far as 6910. A break below 6780 risks a slide to 6745/35 but expect good support at 6720/10.
  • USDJPY _ EURJPY
    16/01/19
    USDJPY holding first support at 108.40/30 (it is lower today) re-targets 108.75 (we topped exactly here yesterday) then 108.95/109.00. On further gains look for 109.30/40. Minor support at 108.15/10 but below 108.00 look for 107.60/55, perhaps as far as 107.15/10. EURJPY collapsed from strong resistance at 124.90/99 breaking back below 123.95/124.05 to bottom exactly at support at 123.50/40. On further losses look for 123.20/15 & 122.75/65. Holding support at 123.50/40 allows a recovery to 123.95/124.05 (we topped exactly here as I write). Above 124.10 targets resistance at 124.30/35. A break above 124.45 could retest strong resistance at 124.90/99.
Reports for
15/01/2019
  • EURUSD _ USDCAD
    15/01/19
    EURUSD volatile but with no direction as we lose all of the gains from last week. First resistance at 1.1425/30 but above 1.1440 targets resistance at 1.1470/80. Further resistance at 1.1490/95 so only above 1.1500 gives us a buy signal targeting 1.1550/60. First support at 1.1390/80 but below 1.1370 look for minor support at 1.1335/30. Below 1.1310 risks a slide to 1.1275/70. USDCAD topped exactly at the next target of 1.3285/95 but over ran first support at 1.3240/50 to 1.3222. A break above 1.3300 targets 1.3330/40. A break above 1.3350 signals further gains to strong resistance at 1.3400/10. Try shorts with stops above 1.3430. Quite good support at 1.3250/40 could hold the downside. Stop below 1.3225 (we bottomed at 1.3222 yesterday) & look for a buying opportunity at 1.3200/1.3180, with stops below 1.3165. A break lower is a sell signal targeting 1.3120/10 then 1.3080/70 for profit taking on shorts.
  • Emini Dow Jones _ Nasdaq
    15/01/19
    Emini Dow Jones holding below 24000 in overbought conditions (& a bear trend) targets first support at 23840/820, & 23780/760 (we bottomed exactly here on Friday) before yesterday's low at 23700/690. Expect support again at 23630/610. Longs are increasingly risky. Below 23590 targets 23560, 23480/460 & strong support at 23440/420. Shorts need stops above 24000 for 24080/099, perhaps as far as strong resistance at 24200/230. Nasdaq outlook is more negative of course & holding first resistance at 6575/65 re-targets 6535 & support at 6525. Longs are increasingly risky & if we continue lower look for 6505, 6495 & 6470. A break above 6585 allows a recovery to 6600/05, perhaps as far as the 6640/45 recovery high. A break higher takes us towards resistance at 6660/65. Watch for a high for the day.
  • Emini SP 500 _ Nasdaq
    15/01/19
    Emini S&P minor resistance at 2580 & 2595 then strong resistance from 2605 up to 2620. I am now scaling in to shorts with wide stops above 2635, expecting the bear trend to resume. An unexpected break higher however is a buy signal. Holding below 2580 targets 2570 (hit yesterday) & minor support at 2560/55. On further losses look for 2550/47 & 2540/36. Nasdaq outlook is more negative of course & holding first resistance at 6575/65 re-targets 6535 & support at 6525. Longs are increasingly risky & if we continue lower look for 6505, 6495 & 6470. A break above 6585 allows a recovery to 6600/05, perhaps as far as the 6640/45 recovery high. A break higher takes us towards resistance at 6660/65. Watch for a high for the day.
  • Gold _ Silver
    15/01/19
    Gold levels require some minor revision with first support at 1290/88 now. Below 1286 meets strong support at 1283/82. A break below 1280 however is a short term sell signal targeting 1275/74, perhaps as far as as a buying opportunity at 1267/66, with stops below 1262. First resistance at 1298/99. Above 1300 is a buy signal targeting 1303/04 & 1308/09, perhaps as far as 1316/17. Silver trades sideways to ease overbought conditions with first support at 1555/53 STILL holding perfectly, but below here targets support at 1535/32. Try longs with stops below 1527. Minor resistance at 1570/71 but above 1573 targets strong resistance at 1586/89. Try shorts with stops above 1600. A break higher is a buy signal - hold longs again.
  • USDJPY _ EURJPY
    15/01/19
    USDJPY same levels apply for today with first resistance at 108.45/55 but above here targets 108.75 then 108.95/109.00. On further gains look for 109.30/40. Minor support at 108.15/10 but below here 108.00 look for 107.60/55, perhaps as far as 107.15/10. EURJPY holding below minor resistance at 123.95/124.05 targets support at 123.50/40. On further losses look for 123.20/15 & 122.75/65. Holding above 124.10 allows a recovery to 124.20, 124.33 & 124.42/45 with resistance at 124.50/54. If we continue higher look for strong resistance at 124.90/99.
  • AUDUSD _ NZDUSD
    15/01/19
    AUDUSD needs to hold above what is now first support at 7175/85 to target 7250 & Fibonacci resistance at 7270/80. On further gains look for strong resistance at 7320/30. I am a little concerned about holding longs because we are severely overbought. This is a tricky situation. Failure to hold 7175/85 (longs need stops below 7155) targets 7120/15 then support at 7100/7090. NZDUSD must hold above first support at 6790/6800 to target 6835 then 6870/80 & perhaps as far as 6910. A break below 6780 risks a slide to 6745/35 but expect good support at 6720/10.
Reports for
09/01/2019
  • Dax
    09/01/19
    Dax beat first resistance at 10760/780 & ran straight towards the next target & stronger resistance at 10950/11,000. Watch this level today but the biggest resistance of the week is the 7.5 year trend line at 11140/160. Try shorts with stops above 11240. Failure to beat 10950/11000 targets 10910/890 then 10850/830. Below 10800 meets good support at 10700/690. Although I do expected the bear trend to resume eventually, I do not think this is the time so the downside should be limited at this stage.
  • Emini SP 500 _ Nasdaq
    09/01/19
    Emini S&P held 2582/84 but the recovery could stretch a little further to 2592/94 before strong resistance from 2600 up to 2620. I will be scaling in to shorts in this range with wide stops above 2535, expecting the bear trend to resume. An unexpected break higher however is a buy signal. Minor support at 2669/66 then 2558/55. Below 2550 risks a slide to 2542/40. Nasdaq higher as predicted with all targets hit as far as 6590/94. A break higher targets 6630/35, perhaps as far as resistance at 6675/80. Failure to beat 6590/94 targets 6550/45 then 6520/17. On further losses look for 6499/96 then strong support at 6485/82.
  • Gold _ Silver
    09/01/19
    Gold broke 1285/86 which is now acting as resistance after we bottomed exactly at the next target of 1278/77. A break above 1288 targets 1292/93, perhaps as far as 1298/99. Above 1300 we then look for 1303/04 & 1308/09. A break below 1278/77 targets 1274 then strong support at 1267/66. Try longs with stops below 1262. Silver is likely to trade sideways to ease overbought conditions with first support at 1555/53 but below here targets support at 1535/32. Try longs with stops below 1527. Try shorts at 1586/89 with stops above 1600. A break higher is a buy signal - hold longs again.
  • EURUSD _ USDCAD
    09/01/19
    EURUSD shorts at 1.1475/85 worked perfectly as we topped exactly & bottomed exactly at support at 1.1420/10 for some profit taking. Below 1.1390 targets 1.1375 & 1.1350. Try shorts at 1.1475/85 again with stops above 1.1500. A break higher is a strong buy signal, so buy & hold longs. USDCAD holding below 1.3290/85 targets 1.3250/40 (we bottomed exactly here as I write) & support at 1.3200/1.3190. First resistance at 1.3300/05, stronger resistance at 1.3335/40.
  • AUDUSD _ NZDUSD
    09/01/19
    AUDUSD hits a selling opportunity at 7175/85. Try shorts with stops above 7200. A break higher is a medium term buy signal. Failure to beat 7175/85 as expected targets 7150/& 7110/05 , perhaps as far as 7080/70 for profit taking on any remaining shorts. NZDUSD bottomed exactly at 6705/6695 as predicted targeting 6740 & 6755/65 for some profit taking. A break higher targets 6775/80 & strong resistance at 6795/6800. The best support today at 6705/6695 which could hold the downside. Longs need stops below 6675. A break lower targets 6655.