Daily TA & Trade Ideas – 10th Mar 2021
AUDUSD we wrote: bottomed exactly at support at 7620/10. There is a good chance of a recovery in to the end of the week now.
We topped exactly at 23.6% Fibonacci resistance at 7710/20 as predicted.
NZDUSD we wrote: holding support at the January low at 7105/7095. A recovery now looks likely today.
As predicted we shot higher to first resistance at 7180/90 & topped exactly here as expected
USDJPY collapsed from the all important resistance at 109.00/10.
EURJPY sideways for 4 days, still holding support at 128.90/80 with resistance at 129.45/55. Same levels apply for today.
CADJPY shorts at strong resistance at 8615/25 were the perfectly trade with up to 50 pips profit offered yesterday as we bottomed exactly at first support at 8570/60. We now have a sell signal.
EURUSD bottomed exactly at the best support for the day at 1.1835/25 as predicted. Longs offered up to 80 pips profit.
USDCAD trades sideways in an erratic & random pattern throughout March so far, although we remain in a longer term bear trend.
GBPUSD holds important longer term support at 1.3790/80 for a recovery as predicted to first resistance at 1.3880/90. We then topped exactly at the next target of 1.3925.
EURGBP breaks lower towards the next target of 8560/50 with a break below 8540 acting as the next sell signal.
Gold Spot bottomed exactly at our buying opportunity at 1685/80. We wrote: outlook turns positive. This could be the low for the 7 month bear trend for Gold. I am expecting significant gains in the weeks ahead.
Longs at 1685/80 were the perfect trade. We bottomed exactly here & shot higher to resistance at 1716/19. We topped exactly here as predicted.
Silver Spot beat resistance at 2540/50 so this is support for today.
WTI Crude MAY Future sell signal was generated on Monday & selling a recovery to resistance at 6580/6600 was the perfect trade. We topped exactly here & hit 6340 this morning for a 240 tick profit already.
Dax 30 March beat the February/March high at 14185/195 for a buy signal & we topped exactly at the next target of 14480/500.
Emini S&P March volatile but directionless, seeing daily moves of up to 100 -120 points but we are going nowhere. Impossible to hold a position for more than a day.
Nasdaq March beat key resistance at 12600/650 with stops above 12720 triggered. However we then topped exactly at strong resistance at 12850/900.