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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
06/02/2018
  • Emini Dow Jones
    06/02/18
    Emini Dow Jones IMPORTANT SUPPORT AT 23200/1100 IS ALL THAT MATTERS TODAY. A good chance of a low for the correction but longs need stops below 23000. Holding this support allows a recovery to 23420/450 then 2364/660. If we continue higher look for strong resistance at 23900/24000. A high for the day possible but shorts would be risky. On further gains look for 24280/24320. A sustained break below 23000 is a sell signal targeting quite important support at 22700/650. Watch for a bounce from here as we become oversold in the longer term bull trend.
  • S&P
    06/02/18
    Emini S&P crashes 350 points. We are testing the best support for this week at 2540/30. This could mark a low for the correction & a very strong bounce is likely. Bulls will be keen to capitalise on the cheapest prices for 4 months. It is very unlikely this is a straight line crash although it could be the start of a bear market. We will have to see what the bounce brings before we know. I have been doing this for since the 1987 crash so I have some experience and called the crash of 2008 & mini crash of 2011. A bounce targets 2580/90 then resistance at 2610/20. If we continue higher look for strong resistance at 2660/70 today. It is worth trying longs at 2540/30, with stops below 2510. A break lower is a sell signal however targeting 2495/90, 2480/75 & 2460/55.
  • Eurostoxx
    06/02/18
    EuroStoxx crashed breaking important support at 3390/85 to hit 3352. We have bottomed at 3327, above mega mega important support at 3290/3270. The Emini S&P has held extremely important support at 2540/30 so I think the correction is over. I expect a recovery to 3375/85 then resistance at 3405/15. We should struggle here but further gains eventually target 3435/40 & 3460/65. A spike below 3290/3270 could take us to more minor trend line support at 3245/35 but if a bounce from here is seen & we close above 3300 this is a buy signal. If the crash continues we look for 3185/75.
Reports for
02/02/2018
  • Bitcoin
    02/02/18
    Bitcoin reaches my target for the last 6 weeks of strong support at 8700/500. Big celebration. This is the only chance for bulls to turn the market around...but I still think longs are risky here. Bear in mind anyone who bought in December & saw enormous gains is now suffering serious losses & panic is setting in. If you have been desperately waiting for a buying opportunity then this is worth the risk but you don't want to hold if we sustain a break below 7900. Next target is 7250/150. Holding strong support at 8700/8500 (we bottomed exactly here as I write) targets 9200/9250 then resistance at 9500/9600. Gains are likely to be limited even if we do hold that strong support. It will take a lot to resume the longer term bull trend. However above 9900 targets 10200/300, perhaps as far as a selling opportunity at 11100/200. FREE 1 MONTH TRIAL. I have been using MetaStock's award winning tools for many years because I require the very best service for my technical analysis. Now I have a free 1 month trial of MetaStock for you http://www.metastock.com/daytradeideas
  • Dax
    02/02/18
    Dax outlook remains negative as we hold below 13000. We are expected to target minor support at 12880/860 now. We could pause here but longs are too risky & further losses target mega important & very strong support at 12750/730. This is the very best chance of a low for the correction. HOWEVER A WEEKLY CLOSE BELOW 12700 IS A VERY IMPORTANT LONGER TERM SELL SIGNAL. First resistance at 13030/050 could see a high for the day. However Further gains re-targets that 13130/150 area which held so well when we first sold off. Shorts need stops above 13180 to target 13220/230. FREE 1 MONTH TRIAL. I have been using MetaStock's award winning tools for many years because I require the very best service for my technical analysis. Now I have a free 1 month trial of MetaStock for you http://www.metastock.com/daytradeideas
Reports for
01/02/2018
  • Dax
    01/02/18
    Dax retests support at 13165/155 & bottomed exactly here again yesterday. However risks remain to the downside & a break below 13130 targets the best support for the week at 13060/050. Try longs with stops below 13000. Holding support at 13165/155 allows a recovery to 13225/235 then resistance at 13260/270. We should struggle here, watch for a high for the day again. However on further gains look for resistance at 13330/340 & 13380/390.
  • AUDUSD & NZDUSD
    01/02/18
    AUDUSD topped exactly at 8100/8124 (I was not sure it would this time). Minor support at 8060/50 is key to direction. A sustained move below 8040 targets support at 7990/80 but longs look risky today. A break below 7970 signals further losses to 7935/30 & support at 7890/80. Try longs with stops below 7860. Try shorts at 8110/30 with stops above important longer term trend line resistance at 8160/8170. However a break higher targets 8240/45 & the 2015 high at 8290/95. NZDUSD we wrote: Sell in to shorts at 7400/7430, with stops above 7460. We topped at 7419. We are testing minor support at 7350 but below here targets the best support today at 7295/85. We can buy here again with stops below 7265 but be ready to sell in to shorts again on a break lower. This is a sell signal so reverse in to shorts at 7270/90, targeting 7210/00. Sell in to shorts at 7400/7430, with stops above 7460. A break higher is an unexpected buy signal targeting 9495/7505 & 7550/60.
  • WTI Crude
    01/02/18
    WTI Crude outlook is more negative as stated & we warned that the market had turned last week. Key to direction today is resistance at 6510/20 (10 ticks away as I write). Try shorts with stops above 6545. A break higher however is short term positive targeting 6570 & maybe a move towards the 6646/66 high. First support at 6420/10 is minor but below here adds pressure targeting 6370, 6340/35 then support at 6270/60 for some profit taking on shorts.
  • USDJPY & EURJPY
    01/02/18
    USDJPY topped 6 pips from our selling opportunity at 109.50/60. Try again today with stops above 110.00. Just be aware that a break above 110.00 is a buy signal initially targeting 110.20 & 110.70/75. Failure to beat 109.50/60 targets minor support at 108.90/80 before support at 108.30/25. Below here targets 108.05/00 then longer term trend line support at 107.90/80. Exit shorts just above & try longs with stops below 107.40. EURJPY key to direction is the 135.25-135.50 area. Yesterday we broke higher for the next target of 136.00/136.20 & topped exactly here before reversing to 135.50/135.25. Below 135.20 risks a slide to support at 134.60/50 before rising 5 month trend line support at 134.20/10. Further losses however test the 100 day moving average at 133.60/50.
  • S&P
    01/02/18
    Emini S&P failure to beat resistance at 2835/37 targets 2819/18 then the 2813 low. There is good support from here down to 2810 but longs need stops below 2805. A break lower is likely to target 2802/00 before the best support for this week at 2790/88. A good chance of a low for the correction. Try longs with stops below 2780. Minor resistance at 2835/37 is holding the bounce as I write, but above here targets stronger resistance at 2446/48. Shorts in a bull market are always a bad idea...but we could see a high for the day here. If you try, stop above 2851. Above here we meet minor 4 week trend line resistance at 2871/73. FREE 1 MONTH TRIAL. I have been using MetaStock's award winning tools for many years because I require the very best service for my technical analysis. Now I have a free 1 month trial of MetaStock for you http://www.metastock.com/daytradeideas
  • Gold & Silver
    01/02/18
    Gold best support for the day at 1336/35 & again longs need stops below 1332. First resistance at 1347/49 but above here could re-target 1358/60. Sell in to shorts on a bounce to 1361/65. Stop above 1370. Be ready to sell in to shorts on a break below 1331 targeting 1328/27 then 1324/23 & perhaps as far as 1318/16. Silver Spot holding above resistance at 1720/25 targets strong resistance at 1750/70; stops above 1790. An unexpected break above 1790 tests the September high at 1820. Holding below 1720 targets 1690/85 perhaps as far as 1665 & 1640.
  • EURUSD & USDCAD
    01/02/18
    EURUSD holding minor support at 1.2400/1.2390 targets 1.2450 then 1.2480/90. Try shorts as we approach the 1.2515/35 high, with stops above 1.2570. Holding below 1.2390 is more negative for today targeting 1.2355/50 before support at 1.2310/00. A low for the day expected. Try longs with stops below 1.2270. A break lower however is a sell signal - reverse in to shorts targeting support at 1.2170/50. USDCAD lower as expected to the next target of 1.2250/40. Outlook remains negative - on further losses look for 1.2200. First resistance at 1.2310/15. Gains are likely to be limited but above here targets 1.2350/55. If we unexpectedly continue higher sell at 1.2400/10 with stops above 1.2440.
  • Bitcoin
    01/02/18
    Bitcoin outlook negative in the bear trend & as predicted we have hit all targets as far as 9800/9700 before the 9250/200 area (our target now). Below 9000 meets strong support at 8700/500. This is the big chance for bulls to turn the market around. If you have been waiting for a buying opportunity this is worth the risk but you don't want to hold if we sustain a break below 8000. Next target is 7250/150. Gains are likely to be limited in the bear trend but if we make it as far as resistance at 11100/200 we could see a high for the day. However expect strong resistance at 11600/700 once again. A break above 12000 however meets only minor resistance at 12250 then a selling opportunity at 13150/250. Try shorts with stops above 13600. A break higher targets 13750/800, perhaps as far as resistance at 14050/150.
Reports for
22/01/2018
  • Bitcoin
    22/01/18
    Bitcoin tests what should be the best support for today at 11100/11000 but below 10700 is more negative targeting 10200/100 then 9800/9700 before the 9250/200 area. Below 9000 meets strong support at 8700/500. This is the big chance for bulls to turn the market around. If you have been waiting for a buying opportunity this is worth the risk but you don't want to hold if we sustain a break below 8000. Next target is 7250/150. Holding the best support for today at 11100/11000 re-targets resistance at 11600/700. If we continue higher look for minor resistance at 12250 then a selling opportunity at 13150/250. Try shorts with stops above 13600. A break higher targets 13750/800, perhaps as far as resistance at 14050/150.
Reports for
05/01/2018
  • Ftse
    05/01/18
    FTSE recovers towards the all time high of 7650. Further gains target 7675/80 & 7696/99. First support at 7600/7596 but below here risks a slide to our buying opportunity at 7565/60. Longs need stops below 7545 today. Further losses target good support at 7515/10.
  • Eurostoxx
    05/01/18
    EuroStoxx we called a low for the correction on Tuesday night & rallied 95 ticks since. Key resistance at 3572/77 the main challenge for bulls today & we should struggle here. Shorts need stops above 3585. A break higher (& weekly close above for confirmation) is a strong buy signal targeting 3600 & the December high at 3612 but further gains are likely next week to 3615/18 & 3630/35. Failure to beat key resistance at 3572/77 triggers short term profit taking to 3544/40. Downside is expected to be limited but below here look for a buying opportunity at 3530/25. Stop below 3515.