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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
24/04/2018
  • Dax
    24/04/18
    Dax outlook negative & holding below 12560/555 re-targets 12520/510. A break below 12500 signals the bears are back in control (as I suspect they will be) targeting 12460/450 & support at 12430/425. A good chance of a low for the day but the bounce may be small & longs will be risky. I would not be surprised to visit 12285/12245 in to the end of the week. Gains are likely to be limited with minor resistance at 12560 but the main challenge for bulls this week of course is 200 & 100 DMA at 12665/695. Try shorts with stops above the January low at 12731. A break higher triggers stops on shorts for a buy signal targeting 12780 & minor resistance at 12880.
Reports for
20/04/2018
  • Ftse
    20/04/18
    FTSE key to direction is short term trend line resistance at 7300/05 but I think we are at or very close to a turning point with a selling opportunity at late February high & 100 day moving average at 7315/20. Bulls are only back in control above the 200 day moving average at 7355. A weekly close above here therefore is a strong buy signal. As I wrote yesterday, risks increase to the downside as we close in on that important resistance mentioned above. Get ready for the sell off targeting 7250/40, perhaps as far as support at 7205/00. Longs here are very risky & a break lower targets better support at 7180/70. A bounce from here is expected but longs need stops below 7150. A break lower is a very important sell signal.
  • Eurostoxx
    20/04/18
    EuroStoxx topped exactly at the next target of 3420/25 as we struggle higher in overbought conditions. We bottomed exactly at minor support at 3400/3398 but further losses are expected targeting 3386 & strong support at 3366/63. Watch for a low for the day if tested but do not hold a long position over the weekend. A break lower targets 3350/45 & support at 3330/25. A break above resistance at 3420/25 is not expected but if I am wrong we target 3435/39 before the March high at 3447.
  • Dax
    20/04/18
    Dax the main challenge for bulls today is of course 200 & 100 DMA at 12660/710. As we wrote this week: I very much doubt this 55 point range can be beaten (it held perfectly this week). A sustained break above the January low at 12731 however triggers stops on shorts for a buy signal targeting 12780 & minor resistance at 12880. Minor support at 12560/555 has been tested but a break below 12520/510 signals the bears are back in control (as I suspect they will be) targeting 12460/450 & support at 12430/425. A good chance of a low for the day but the bounce may be small & longs will be risky. I would not be surprised to visit 12285/12245 early next week.
  • S&P
    20/04/18
    Emini S&P holding below 2700/05 at last to target 2693/91 & better support at 2681/78. This was the best chance of a low for the day & we bottomed exactly here. A break below 2675 is a sell signal (you can add to shorts if you wish) targeting 2660/57 (also the low this week) & minor support at 2652/50 before the best support today at 2648/45. Key resistance at 2703/06. Obviously bears need the index to hold below the 2718 recovery high. An unexpected break higher is a buy signal targeting 2722/24, 2727/29, 2734 & strong resistance at 2441/44. Exit longs & try shorts with stops above 2750.
  • Gold & Silver
    20/04/18
    Gold topped exactly at resistance at 1352/54 & tested first support at 1345/43. Above 1356 targets 1360/62, perhaps as far as important resistance at 1365/66. However 17 month trend line resistance at 1372/73 & the 2016 high at 1374/75 also a major challenge. Only above 7 year 38.2% Fibonacci at 1379/80 that bulls have full control. First support at 1345/43 but longs need stops below 1338. A break lower risks a slide to 1333 before the low last week at 1327/26 then 2 week low at 1322/21. Further losses meet 100 dma support at 1319/17. Silver longs offered a big fast profit of 70 ticks as we topped exactly at our selling opportunity at 1730/34. We have dipped to first support at 1709/06 but below here targets better support at 1690/80 for profit taking before the weekend. Bulls require a weekly close above 1740 for an important buy signal but we need a weekly close above 1 year trend line resistance at 7150/55 for THE MOTHER OF ALL BUY SIGNALS & WE COULD ROCKET TO 1770, 7195 & 1820, PERHAPS AS FAR AS 1845 & 1860/65.
  • GBPUSD & GBPJPY
    20/04/18
    GBPUSD collapsed through strong support at 1.4130/20, with stops triggered below 1.4090. Holding below 1.4130/20 targets 1.4065/60, 1.4045, 1.4020/10 & perhaps as far as 4 month trend line support at 1.3990/80. The bull trap & potential double top is killing the pair. Just be aware that a weekly close below 1.4075 acts as an important sell signal for the start of next week. The only hope for bulls is the 7 week trend line we are testing at 1.4075/65. Holding here today allows a recovery to from short term oversold conditions targeting 1.4110/20 & first resistance at 1.4140/50. Unlikely, but further gains meet a selling opportunity at 1.4185/90, with stops above 1.4225. GBPJPY longs at first support at 151.00/150.90 are looking for a bounce to 151.50 & first resistance at 151.70/80. If we continue higher look for 1.5210/20 but strong resistance at 152.45/55 unlikely to be beaten at this stage. Longs at 151.00/150.90 need stops below 150.70. A break lower is a sell signal targeting 150.45 & probably as far as strong support at 149.50/40 for profit taking.
  • USDJPY & EURJPY
    20/04/18
    USDJPY must hold above 107.30 for a recovery to 107.45/49 ( we topped exactly here) before a selling opportunity at 107.80/90. Try shorts with stops above 108.10. This is a small risk trade but a break higher is a buy signal. Reverse in to a long targeting 108.40/45, 108.75/80 & 108.95/109.00 for profit taking. Try shorts at 109.15/25 with stops above 109.60. Holding below 107.00 targets support at 106.60/55, which could hold initially for a bounce to 107.00. On further losses look for 106.20, perhaps as far as 105.85/80. EURJPY topped exactly at our selling opportunity at strong resistance at 133.00/10 & shorts worked perfectly on the sell off to just 14 pips above first support at 132.20/10. Minor resistance at 132.45/55 before strong resistance at 133.00/10. Try shorts with stops above 133.40. A break higher (& weekly close above for confirmation) is a buy signal targeting 133.70/80 then resistance at 134.15/25. Minor support at 132.60/50 then better support at 132.20/10. Longs need stops below below 131.90 & a break risks a slide to minor support at 131.40/35 with better support at 131.10/130.90 for profit taking on any shorts before the weekend.
  • Emini Dow Jones
    20/04/18
    Emini Dow Jones lower as predicted & shorts at 24780/799 already seeing a profit of up to 250 ticks. Outlook remains negative & holding below 24660 re-targets 24610/590 then 24530/20 before strong support at 24485/475. A bounce from here is very likely on the first test at least, but a break lower eventually will be another sell signal. (A weekly close below starts next week on a sell signal). First resistance at 24670/680 but above here 24710 could allows a retest of very strong resistance at 24780/799. Try shorts with stops above 24900. An unexpected break higher (& weekly close above for bullish confirmation) targets 24995/999 then 25050/060 & 25150/160 in to next week.
Reports for
12/04/2018
  • Emini Dow Jones
    12/04/18
    Emini Dow Jones best support for today at 24100/24090 once again, but therefore a break below 24030 is a sell signal targeting 23950 & minor support at 23900. A break below here is further negative confirmation as we look for 23800/790 & 23700, perhaps as far as 23590/580. Minor resistance at 24300/310 but above here allows a recovery to 24420/440 before strong resistance at 24470/500. Shorts need stops above last week's 24600 high to target very strong resistance at 24710/730. Try shorts with stops above 24800.
Reports for
06/04/2018
  • WTI Crude
    06/04/18
    WTI Crude outlook remains negative after we spotted the turning point last week & have been trading shorts on bounces ever since. We stick to holding shorts & now below minor support at 6310/00 signals further losses to 6240/30 & rising 2 month trend line support at 6220/10. This is the best chance of a low for the day for profit taking on all shorts. LONGS ARE STILL QUITE RISKY - but of you try, stop below 6200 & reverse back in to shorts targeting 6160 & minor support at 6130/20 before a BIG buying opportunity at 6090/80. A good chance of a low for the week. Gains are likely to be limited but holding above 6310 allows a recovery to towards 6370/80. Shorts need stops above 1 week trend line resistance at 6410. An unexpected break higher targets 6475/85. Try shorts with stops above 6515.
  • EURUSD & USDCAD
    06/04/18
    EURUSD targets first resistance at 1.2275/80 & the main challenge for bulls today. Take half the 50 pips profit (we cannot run trades far in this sideways trend), then exit the balance at 1.2310/20 & try shorts at with stops above 1.2340. Reverse back in to a long if stopped (& we hold above 1.2310) targeting 1.2345 & 1.2375/80, perhaps as far as 1.2400. Stops on longs below 1.2190. SELL IN TO SHORTS IF STOPPED. A break below 1.2220 IS AN IMPORTANT SELL SIGNAL. USDCAD makes a clear break of important support at 1.2800/1.2790 confirming further losses targeting 1.2730/20 & strong support at 1.2700/90 for profit taking on shorts. It could be worth trying longs from here down to 1.2670, with stops below 1.2630. Gains are likely to be limited if seen with first resistance at 1.2790/1.2800 but try shorts at 1.2850/55, with stops above 1.2885.
  • Bund
    06/04/18
    Bund topped exactly at 159.21/25 & bottomed exactly at good support at 158.95/85. Longs need stops below 158.70 today. A break lower targets the best support for this week at 158.52/48. Try longs with stops below 158.35. A break lower is a short term sell signal targeting 158.19/15 then 157.95 but expect strong support at 157.80/75. I am sticking with the same levels in the consolidation phase. Minor resistance at 159.21/25 but above 159.30 targets 159.45/49 before the high at 159.66/69. Above 159.70 meets resistance at 159.80/90. A break above 160.05 targets 160.40.
  • Ftse
    06/04/18
    FTSE lower this morning as we follow the US. First support at 7055/50 is holding as I write, but below 7040 targets better support at 7020/10. Longs need stops below 6990. A break lower targets 6960/55 then strong support at 6925/15. Holding first support at 7055/50 allows a recovery to minor resistance at 7085/90. Above here we have a gap to fill up to 7135/45. This is the most important resistance of the day. Try shorts with stops above 7160. A break higher sees 7145/35 act as support targeting 7175/8 & short term trend line resistance at 7225/35.
  • Eurostoxx
    06/04/18
    EuroStoxx stalled just below strong resistance at 3360/65 & if we follow US market lower we look for 3330/3325 then best support today at 3310/00. Longs need stops below 3285. A break lower is a sell signal targeting 3265/62, perhaps as far as 3246/42. Try shorts at 3360/65 with stops above 3380. A break higher targets 3390, 3405 & perhaps as far as 3420/25.
  • Dax
    06/04/18
    Dax only paused at at 12160/180 before reaching the next target of 12300. US markets have turned lower so assuming we follow (in the bear trend), look for 12250/40 then minor support at 12205/195. Best support today at 12160/150 so we should at least pause here but a break below 12100 signals further losses to 12060/050 then minor support at 12000/11980. 1.5 week trend line resistance at 12340/345 is a challenge but above 12375 meets the main challenge for bulls today at 12420/8440. Try shorts with stops above 12485. A break higher is a short term buy signal targeting 12520/540 & 12595/599.
  • S&P
    06/04/18
    Emini S&P outlook negative if we hold below resistance at 2645/47 targeting 2638/36, minor support at 2623/21 & better support at 2613/10. Obviously 2600/2590 should be key but we will need a weekly close below here tonight before we can consider this broken. It has been excellent support until now but I doubt it can survive a third test. Further losses today target 2580/79, 2474/73, Wednesday's low at 2560/59 before the low this week at 2552. Resistance at 2645/47 likely to hold any bounce but above 2650 re-targets 2560, perhaps as far as strong resistance at 2675/78. We should struggle & a high for the day not out of the question. A break above 2583 however meets a selling opportunity at 2695/2700. Try shorts with stops above 2715.
  • Gold & Silver
    06/04/18
    Gold quite volatile but no direction for 3 months. We topped a point from the target of 1349/50 & turned around, just to confirm the sideways trend again, wiping out all the gains for the day. We broke support at 1335/34 hitting a low exactly at the next target of 1330/29 (just like Tuesday). We then bottomed exactly at the low last week at 1322/21. Surprise surprise....we bounce again in the sideways trend targeting 1330/29, 1334/35 (now hit) then 1339/40 & perhaps as far as 1344/45. Above 1345 targets 1349/50 before 2 month trend line resistance & the March high at 1353/56. Just be aware that a break below 1320 targets minor support at 1317/16, perhaps as far as 1307/06. TRY LONGS AT 1311/09 WITH STOPS BELOW 1300. Silver topped just 2 points from very strong resistance at 1670/80, hitting minor support at 1650/45 & 1635 before important support at 1615/10. Try longs here with stops below 1595. A break lower is a sell signal initially targeting 1560/55. The bounce obviously targets 1635 & 1645/50. Strong resistance at 1670/80 is key to direction. Shorts have worked so well here over the last 2 months. We need stops above the March high of 1686. A BREAK HIGHER IS A HUGE BUY SIGNAL.
  • GBPUSD & GBPJPY
    06/04/18
    GBPUSD topped exactly at first resistance at 1.4090/1.4100 & broke support at 1.4040/30 but bottomed 18 pips above better support at 1.3945/35. First resistance at 1.4030/40 expected to hold the bounce, but shorts need stops above 1.4080. However I would only reverse in to a long above 1.4105. Strong support at 1.3940/30 & a bounce from here is likely, but longs need stops below 1.3890. A break lower is a sell signal targeting minor support at 1.3820/10. GBPJPY topped exactly at our selling opportunity at 150.60/80. Try shorts again with stops above 151.10. A break higher is a buy signal targeting 151.30/40 then only minor resistance at 152.10/20 for some profit taking on longs perhaps but shorts are definitely too risky. Failure to beat 150.60/80 targets 150.15/10 (already hit) then minor support at 149.75/65. Further losses meet better support at 149.30/10. Exit shorts & try longs with stops below 148.95. However the best support today is at 148.60/50 of course.
  • USDJPY & EURJPY
    06/04/18
    USDJPY key to direction is 106.80/90. Holding here keeps recovery hopes alive re-targeting 107.50 & a selling opportunity at 107.85/90. Try shorts with stops above 108.20. Failure to hold above 106.80/90 keeps trading sideways in a range targeting 106.40/35, perhaps as far as support at 106.05/105.95. Watch for a low for the day but longs need stops below 105.70. EURJPY bounces back in the sideways trend to first resistance at 131.10/20 & a new high for this week at 131.49. Above meets 1.5 month trend line resistance at 131.60/70; watch for a high for the day. Further gains meet stronger Fibonacci resistance at 132.10/20. Try shorts with stops above above 132.50. A break higher however targets 133.00/05 then quite strong resistance at 133.15/20. On further gains look for 133.70/80 then resistance at 134.15/25. First support at 131.15/10 is holding but below here targets 130.75/70 in the sideways trend. Failure here risks a slide to 130.40 & perhaps as far as good support at 130.10/00.
  • AUDUSD & NZDUSD
    06/04/18
    AUDUSD back below minor support at 7710/00 in the sideways trend seeing 7655 as we hold above important longer term support at 7640/30. Try longs here with stops below 7590. A break below 7590 (& weekly close below for confirmation) is a sell signal for next week targeting 7560/55, 7530, 7505/00. First resistance at 7705/10 but we will have to close the week above 7730 to target strong resistance at 7755/65 next week. Try shorts with stops above 7790. NZDUSD key to direction is the 7280/85 area. Holding above here allows a recovery to minor 61.8% Fibonacci resistance at 7325/30. Further gains retest the top of the 3 week range at 7355. Unlikely but a break higher targets 7375. Holding below 7285/75 risks a slide to 7220/15 before support at 7185/80. Try longs with stops below 7160 or hold longs & add at equally important support at 7140/30. Either way, these 2 levels are important supports.
  • Emini Dow Jones
    06/04/18
    Emini Dow Jones minor resistance at 12260/270 then stronger resistance at 24470/500. A break above the 24600 high from yesterday targets very strong resistance at 24710/730. Try shorts with stops above 24800. Holding below minor resistance at 12260/270 targets the best support for today at 23950/900. A break lower targets 23750/700 then 23570/530. A break below 24490 risks a slide as far as 23350/300 before the February low at 23100/088.
Reports for
05/04/2018
  • S&P
    05/04/18
    Emini S&P over ran resistance at 2645/47 to 2653. It is very possible we turn lower from here after flushing out shorts, targeting 2648/47 & 2638/36. Look for minor support at 2623/21 but better support at 2613/10 is the best chance of a low for the day. Obviously 2600/2590 should be key but we will need a weekly close below here tomorrow before we can consider this broken. Further losses today target 2580/79, 2474/73, yesterday's low at 2560/59 before the low this week at 2552. A break above 2560 allows a further recovery to 2675/78. We should struggle & a high for the day not out of the question. A break above 2583 however meets a selling opportunity at 2695/2700. Try shorts with stops above 2715.
  • Emini Dow Jones
    05/04/18
    Emini Dow Jones holding above 24350/360 with last week's high at 24435. Strong resistance from here up to 24470. Shorts need stops above 24570 but we then run in to strong resistance again at 24690/710. Failure to beat strong resistance at 24435/470 targets 24265. Below 24150 meets support at 23950/900.
  • Bund
    05/04/18
    Bund I am sticking with the same levels in the consolidation phase. Minor resistance at 159.45/49 before the high at 159.69. (We topped 3 ticks below yesterday). Above 159.70 meets resistance at 159.80/90. A break above 160.05 targets 160.40. Holding below 159.45/49 retests first support at 159.21/25. (We bottomed exactly here yesterday). Failure here keeps the pressure on for good support at 158.95/85. Longs need stops below 158.70. A break lower targets the best support for this week at 158.52/48. Try longs with stops below 158.45.
  • Ftse
    05/04/18
    FTSE just held 6899/95 on the downside once again & shot higher beating strong resistance at 6995/99. Shorts now stopped above 7030 as we target the 500 day moving average at 7075. This is obviously the main challenge for bulls today. A sustained break above here is positive again but needs confirmation from a move above the gap at 7102. We then target minor resistance at 7140. Failure to hold above 7120 risks a slide to 6985/80 but look for support at 6930/20.
  • Eurostoxx
    05/04/18
    EuroStoxx tests strong resistance at 3290/95. A break higher this week is a buy signal initially targeting 3335 & strong resistance at 3360/65. Failure to beat strong resistance at 3290/95 re-targets 3269/65, perhaps as far as support at 3250/46. Below here risks a slide to 3237 before minor support at 3225/21. A break below 3215 targets 3205/01 before the March low at 3179/73.
  • Dax
    05/04/18
    Dax support at 12000/11990 seems to be having no effect now as we trade sideways for 2 weeks. Minor support at 11900/880 but below here targets 11830/820 then 11765/755 before mega important 500 day moving average support at 11730/720. Longs need stops at least 50 points below here. A break lower is a huge sell signal, confirming a longer term bear market & probably an all out collapse to 11550/530, 11400/350 & probably as far as important Fibonacci support at 11250/230. This should hold on the first test but is expected to break eventually. We then watch the 200 week moving average at 11050/030. Minor resistance at 12090/080 (& we topped exactly here) but above 12120 targets strong resistance at 12160/180. Shorts need stops above 12210. A break higher is a short term buy signal targeting 12300, 12345 & perhaps as far as 12375.
  • Bitcoin
    05/04/18
    Bitcoin holding below 6700 keeps the pressure on for a retest of the 6430 low. A break below 6400 in the bear trend is likely to retest the February low at 5920. I really do not see a strong reason for this to hold. A break lower initially targets 5555. Looks to me like bears remain in control after a very weak recovery. First resistance at 6850/6900 then 7100/7150. If we continue higher look for 7250 before the high this week at 7500.
  • Gold & Silver
    05/04/18
    Gold quite volatile but no direction for 3 months. We topped a point from the target of 1349/50 & turned around, just to confirm the sideways trend again, wiping out all the gains for the day. We broke support at 1335/34 hitting a low exactly at the next target of 1330/29 (just like Tuesday). Further losses target 1326 before the low last week at 1322/21. Holding 1330/29 again today targets 1334/35 then 1339/40 & perhaps as far as 1344/45. Above 1345 targets 1349/50 before 2 month trend line resistance & the March high at 1353/56. Silver topped just 2 points from very strong resistance at 1670/80, hitting minor support at 1650/45 & 1635 before important support at 1615/10. Try longs here with stops below 1595. A break lower is a sell signal initially targeting 1560/55. Strong resistance at 1670/80 is key to direction. Shorts have worked so well here over the last 2 months. We need stops above the March high of 1686. A BREAK HIGHER IS A HUGE BUY SIGNAL.
  • GBPUSD & GBPJPY
    05/04/18
    GBPUSD topped exactly at first resistance at 1.4090/1.4100. A break higher targets 1.4150/60, 1.4210/15 & perhaps as far as last week's high at 1.4240/44. Trend line support at 1.4040/30 today. A break below 1.4000 tests better support at 1.3945/35. A bounce from here is likely, but longs need stops below 1.3890. A break lower is a sell signal targeting minor support at 1.3820/10. GBPJPY through 149.90/150.00 to test key resistance at 150.60/80. Try shorts with stops above 151.10. A break higher is a buy signal targeting 151.30/40 then only minor resistance at 152.10/20 for some profit taking on longs perhaps but shorts are definitely too risky. Failure to beat 150.60/80 targets 150.1510 then minor support at 149.75/65. Further losses meet better support at 149.25/15.
  • EURUSD & USDCAD
    05/04/18
    EURUSD holds the March low at 1.2242/37. Exit any shorts here & try longs from here down to strong support at 1.2225/15, with stops below 1.2190. SELL IN TO SHORTS IF STOPPED. A break below 1.2220 IS AN IMPORTANT SELL SIGNAL. We topped exactly at first resistance at 1.2305/15 which remains the main challenge for bulls today but shorts need stops above 1.2350. A break higher targets 1.2400/10 before upper trend line resistance at 1.2475/85. USDCAD makes a clear break of important support at 1.2800/1.2790 confirming further losses targeting 1.2730/20 & strong support at 1.2700/90 for profit taking on shorts. It could be worth trying longs from here down to 1.2670, with stops below 1.2630. Gains are likely to be limited if seen but above 1.2800 could possibly retest 1.2850/55 for a selling opportunity with stops above 1.2890.
  • USDJPY & EURJPY
    05/04/18
    USDJPY hit the 106.05/105.95 target but unexpectedly bounced from here to resistance at 106.80/90. Shorts need stops above 107.10. A break higher is a buy signal targeting 107.50 & a selling opportunity at 107.80/90. Try shorts with stops above 108.20. Failure to beat 106.80/90 keeps us in a tight range this week targeting 106.50/40, perhaps as far as support at 106.10/05. Watch for a low for the day but longs need stops below 1005.80. EURJPY bounces back in the sideways trend to first resistance at 131.10/20. Above the high this week at 131.30 meets 1.5 month trend line resistance at 131.65/70. before stronger resistance at 132.10/20. Try shorts with stops above above 132.50. A break higher however targets 133.00/05 then quite strong resistance at 133.15/20. On further gains look for 133.70/80 then resistance at 134.15/25. First support at 130.75/65 in the sideways trend but below here targets 130.10/00. (We bottomed exactly here on Monday). A break below 1.2980 keeps the pressure on for 129.35/30 before a retest of the 128.95 low.
  • AUDUSD & NZDUSD
    05/04/18
    AUDUSD finally beats resistance at 7705/10 but will have to hold above here today to target strong resistance at 7755/65. Try shorts with stops above 7790. Minor support at 7710/00 but below here 7680 tests important longer term support at 7640/30. Try longs with stops below 7590. A break below 7590 is a sell signal targeting 7560/55, 7530, 7505/00. NZDUSD through 5 week trend line resistance at 7280/85 for a buy signal targeting 7325/30 (missed by 3 pips as I write) & 7355, perhaps as far as 7375. Key support at 7285/75 is a buying opportunity if tested, with stops below 7250. Failure here risks a slide to 7220/15 before support at 7190/80.
  • WTI Crude
    05/04/18
    WTI Crude meets first resistance at 6370/80. Shorts need stops above 6400. A break higher targets minor resistance at 6470/80. Failure to beat 6370/80 targets minor support at 6310/00. Below 6280 signals further losses to 6240/30 & rising 2 month trend line support at 6199/90. A bounce from here is likely. However a break below 6160 risks a slide to 6130/20 before a buying opportunity at 6090/80. A good chance of a low for the week.