Today has a lot of day trading ideas across many asset classes, including Forex, Metals, and Indices.
AUDUSD edges higher as expected hitting all our targets & selling opportunity at 7780/90 with stops above 7800. We have now switched in to short positions.
NZDUSD beat important resistance at 7180/90 to hit 7240. Key resistance at 7235/45 today. Shorts need stops above 7260.
USDJPY ranges from important resistance at 109.00/10 to first support at 108.30/20.
EURJPY we wrote: holding above 129.45/55 is a buy signal targeting 129.85/95. A break above 130.05 is a buy signal initially targeting 130.30/35.
We bottomed exactly at 129.45/55 & have reached 130.28.
CADJPY shorts at 8615/25 unfortunately stopped above 8665.
EURUSD shorts at strong resistance at 1.1950/65 were unfortunately stopped above 1.1980. Outlook positive if we hold above first support at 1.1960/50.
USDCAD collapsed, holding below 1.2630 to target 1.2600 & 1.2570/60 before reaching 1.2524 over night.
GBPUSD beat key resistance at 1.3950/60 to top exactly at the next target of 1.4000/20.
EURGBP beaks lower towards the next target of 8560/50 with a break below 8540 acting as the next sell signal.
Gold Spot longs at 1685/80 worked perfectly after we predicted a significant recovery to strong resistance at 1740/45. A high for the week was expected & we topped exactly here yesterday.
We predicted the exact low & high for the week. Nobody can beat that!
WTI Crude MAY Future only paused at strong resistance at 6520/40 before we broke higher to top exactly at the next target of 6610/20.
Dax 30 March beat the February/March high at 14185/195 for a buy signal & we topped exactly at the next target of 14595/605 for a potential profit of 300 ticks so far.
We spent the rest of the day trading in a small range to consolidate gains. We are overbought but with no sell signal we cannot even think about shorts.
Emini S&P March we wrote: beats resistance at 3875/85. The break above 3900 is a buy signal targeting 3910/12 & 3925/30. Further gains retest the all time high at 3954/58.
Longs did well yesterday as we hit all targets as far as 3954/58. We topped exactly here. THIS CREATES DOUBLE TOP SELL SIGNAL RISK. BULLS THEREFORE REQUIRE A NEW ALL TIME HIGH TODAY & WEEKLY CLOSE ABOVE 3960.
Nasdaq March only reached 13119 despite trying to break higher. We must watch the 50 day moving average at 13150 today.
Day Trading Ideas :
|AUDUSD||Sell at 7780/90 with stops above 7800|
|AUDUSD||Be ready to buy a break above 7810 targeting 7850/60.|
|NZDUSD||Key resistance at 7235/45 today. Shorts need stops above 7260.|
|NZDUSD||Be ready to buy a break above 7260 for 7280/90, perhaps 7320/25.|
|USDJPY||important resistance at 109.00/10 again today.|
|USDJPY||buying opportunity at 107.85/75 with stops below 107.60.|
|USDCAD||strong resistance at 1.2600/20. Shorts need stops above 1.2640.|
|USDCAD||Key support at the February low at 1.2470/60|
|Emini S&P||double top sss risk at the all time high at 3954/58.|
|Nasdaq||50 day moving average resistance at 13150/200|
|Gold||Buy at 1685/80, with stops below 1675.|
|Gold||sell 1740/45 with stops above 1750|