Gold trading in a bull flag formation but while holding within the mid point of this flag, as we are now, this offers little trading opportunities. We are making a break above resistance at 1472/74. Silver longs at important support at 1655/50 are working perfectly on the recovery to strong resistance at 1693/96. We topped … Continued
Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Trading financial markets is all he has ever done, every day for over 30 years.
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USDJPY holding below 108.70/80 is a sell signal.EURJPY up for a day or 2 then down for a day or 2 in a sideways trend. Today’s Analysis 11 Dec, 2019 USDJPY try shorts at 108.70/80 with stops above 109.00. A break higher targets 109.30/35 & 109.55/60. Try shorts at 109.65/80 with stops above 109.99. Shorts … Continued
Dax Dax 30 December futures Dax topped exactly at 13180/13200 (sorry typo yesterday) but it is unlikely you had a chance to short before the sell off to 13110/090. Outlook is quite negative for today. 10 Dec, 2019 Dax it is worth trying shorts at 13180/13200 with stops above 13220. A break higher is a … Continued
Recap Gold trades sideways & we topped exactly at strong resistance at 1496/98. Silver bulls are trying to hold key support at 1755/50 after the bullish breakout buy signal. Forecast – 24 October 2019Gold topped exactly at strong resistance at 1496/98. Shorts need stops above 1504 (only a matter of time before it happens) for … Continued
Recap Gold trades sideways holding minor resistance at 1493/94 before a slide to very minor support at 1488/87 but we held the next target of 1482/81. Silver beat key resistance at 1750/60 for a buy signal but we just missed the 1790 target. Daily Forecast – 22 October 2019 Gold first resistance at 1488/91 but … Continued
Recap GBPUSD we wrote: higher to the next target of 1.2780/90 & above 1.2800 targets minor resistance at 1.2830/40. On further gains look for 1.2860/65… These targets were hit & we topped 10 pips above. GBPJPY bounced 17 pips above strong support at 137.30/20 & shot higher through 138.15, 139.30 & 139.60/70 to top just … Continued
Recap GBPUSD longs at support at 1.2590/80 were stopped below 1.2560 but we bottomed exactly at strong support at 1.2520/10 with longs offered up to 130 pips profit on the bounce. 1.2630/40. (We topped exactly here). GBPJPY broke support at 136.10/00 but bottomed exactly at the next target of 135.60/50. Forecast – 15 October 2019GBPUSD … Continued
Recap EURUSD still holding our selling opportunity at 1.1000/10 (for 5 days in a row). Outlook negative as long as we hold below 1.10000. USDCAD holding first support at 1.3310/20 is an important medium term buy signal & yesterday we bounced off 1.3300 with longs offered 25-35 pips profit as I write. Daily Forecast – … Continued
Recap EURUSD topped exactly at our selling opportunity at 1.1000/10 with shorts offered 40 pips profit as I write. USDCAD holding first support at 1.3310/20 is an important medium term buy signal…we spiked down to 1.3286 but managed a quick recovery. Daily Forecast EURUSD selling opportunity at 1.1000/10 with stops above 1.1025. A break higher … Continued
Recap EURUSD we wrote: outlook negative if we hold below 1.0940 targeting 1.0920/10. This worked but we then unexpectedly reversed & broke higher to strong resistance at 1.0960/70. As I write we topped exactly here. USDCAD down 1 day & up the next for 2 weeks but we finally broke higher yesterday to test 2nd … Continued
Recap EURUSD longs at 1.0935/25 worked perfectly as we topped exactly at the 1.0965/75 target. We then broke important support at the September low at 1.0935/25. USDCAD trades sideways in a range from 1.3230 to 1.3300/10 for almost 2 weeks & we just held the lower end of the range yesterday. Daily Forecast – 27 … Continued
Recap EURUSD broke minor support at 1.1000/1.0990 to hit the next target of 1.0970/60 & bottomed exactly here. USDCAD shorts at strong resistance at 1.3300/10 worked perfectly on the collapse to first support at 1.3250/40 & we bottomed exactly here for a quick & easy 50 pips profit. Daily Forecast – 24 September 2019 EURUSD … Continued
Recap EURUSD difficult to trade. Impossible to hold a position for more than a few hours as the pair chop up & down through September. Up one day, down the next. Scalp the levels taking a quick turn, with tight stops. USDCAD also chopping up & down in a tight 105 pip range all this … Continued
EURUSD holding 1.0985/80 allows a recovery to 1.1020 & strong resistance at 1.1040/50. Try shorts with stops above 1.1065. Next target & strong resistance at 1.1090/99, shorts need stops above 1.1115. A break higher is an important buy signal targeting 1.1130/35 & 1.1165/70 with strong resistance at 1.1180/90. A break below 1.0980 targets 1.0970/60 & … Continued
AUDUSD holding first support at 6800/6795 is a buy signal targeting 6830, 6845/49 & 6875/80. First support at 6800/6795 but below 6790 meets a buying opportunity at 6765/55, with stops below 6740. NZDUSD selling opportunity at 6385/90 with stops above 6405. A break higher is a buy signal targeting 6422/26 & a selling opportunity at … Continued
FTSE below 7030 tests key support at the August low at 7010/7000. A break below 6690 is a sell signal targeting 6970 & first support at 6940/30. A break lower targets 6907/02. Below 6895 look for 6870. Minor resistance at 7070/80 & 7095/99. Strong resistance at 7120/25 & again at 7145/55. A break above 7165 … Continued
Recap EuroStoxx we wrote: First resistance at 3358/62 but above here allows a retest of 3375/80. A break higher today meets a selling opportunity at 3390/3400, with stops above 3410. We hit the selling opportunity & topped exactly here but no sell off yet to offer a profit on shorts. Daily Forecast – 22 August … Continued
EuroStoxx topped exactly at resistance at 3375/80 as expected & shorts worked on the dip to 3358/62. Minor support at 3350/47 then strong support at 3325/20. Longs need stops below 3315. A break lower targets 3305 & 3290/85. First resistance at 3375/80 of course. A break higher today meets a selling opportunity at 3390/3400, with … Continued
Dax retests & holds the low so far at 11435. A break lower targets 11400/380, 11320/300 & below 11280 risks a slide as far as support at 11180/170. Bulls need a double bottom at 11435/425 to trigger a recovery targeting 11485/495 & first resistance at 11520/530. If we continue higher look for 11580/590 & minor … Continued
Dax is holding what is now resistance at 11700/720 on the bounce to re-target 11650 & 11610/600. Further losses target 11550/560 perhaps as far as 11470/460 before a retest of the low so far at 11435. A break lower targets 11400/380, 11320/300 & below 11280 risks a slide as far as support at 11180/170. Bulls … Continued
Emini Dow Jones minor resistance at 25370/390 then strong resistance at 25550/580. Shorts need stops above 25600 for the next target of 25740/750 & strong resistance at 25880/920. Very minor support at 25285/255 before the low at 25050/030. Best support at 25000/24900 so a break below 24800 is a sell signal targeting important support at … Continued
Emini S&P topped exactly at key trend line resistance at 3030/3040 making a new all time high on Friday. Obviously this is the most important level of the week. A sustained break higher is a buy signal despite overbought conditions, for 3046/48, 3056/60 & 3070/74. Failure to beat 3030/3040 triggers profit taking to 3019/17 (& … Continued
WTI Crude quickly collapsed back below 5695/5705 signalling losses to 5660/55, first support at 5630/20 then 5580/70 & 5540/30. We bottomed exactly here but further losses target 5500 before support at 5470/60. A break below 5440 is a sell signal targeting 5405/00, 5380/70, 5350/40 & perhaps as far as 5310/00. Gains are likely to be … Continued