Daily TA & Trade Ideas – 19th Feb 2021
AUDUSD clearly establishes a sideways trend. We can only trade the range of 7730/20 up to 7795/7805 & wait for a breakout.
NZDUSD remains stuck in a 5 week sideways channel. First resistance at 7250/60, minor support at 7210/7190, buying opportunity at 7125/15.
No swing trade opportunities in either pair as we are trading sideways in a range.
USDJPY tests first support at 105.50/40.
EURJPY we are long at our buying opportunity at 127.60/40 with stops below 127.20.
CADJPY we are long at our buying opportunity at 8315/05 & this is key to direction again today (stops below 8290).
EURUSD clearly we are trading sideways in a directionless market. Up one day & down the next. It is a scalpers market only. We cannot run positions for more than a day as we risk the market reversing. We topped exactly at first resistance at 1.2090/1.2100. Shorts need stops above 1.2110.
USDCAD strong resistance at 1.2730/40 today.
GBPUSD longs at our buying opportunity at 1.3865/55 unfortunately stopped below 1.3840 before we shot higher yesterday to 1.3985.
EURGBP topped exactly at our selling opportunity at 8740/50. Shorts offered up to 45 pips profit.
Gold Spot shorts at first resistance at 1787/89 worked perfectly. We topped exactly here & collapsed to all targets as far as first support at 1765/64 for an easy 25 points profit.
Silver Spot finally breaks best support at 2685/75 for a sell signal. This is now key resistance of course.
WTI Crude APRIL Future crashed over 350 ticks from a new high at 6226 as severely overbought conditions finally kick in. We now have a sell signal.
Dax 30 March bottomed exactly at our buying opportunity at 13880/850. Obviously this is key support again today.
Emini S&P March bottomed exactly at our buying opportunity at 3890/80. We could establish a sideways consolidation trend to ease overbought conditions but there is no sell signal.
Nasdaq March longs at our buying opportunity at 13530/500 worked again on the bounce from 13468 but we only reached 13670.
| AUDUSD | Establishes a sideways trend – scalp the levels on the report. |
| NZDUSD | Establishes a sideways trend – scalp the levels on the report. |
| EURJPY | buy at 127.50/40 with stops below 127.20 |
| EURJPY | buy at 126.50/40 with stops below 126.35. |
| CADJPY | Buy at 8315/05 with stops below 8285 |
| GBPUSD | buy at 1.3890/80 with stops below 1.3860. |
| Silver | Sell at 2675/85 with stops above 2700. |
| AUDCAD | buy 9810/00 with stops below 9790. (Hold longs for a swing trade). |
| Dax March | buy at 13880/850 with stops below 13800. |
| Emini S&P | buy at 3890/80 & stop below 3875. |
| Emini S&P | buy at 3850/40 with stops below 3830. |
| Nasdaq March | buy at 13530/500 with stops below 13450. |
| Nasdaq March | buy at 13280/240 with stops below 13190 |
| NZDCAD | Buy at 9080/70 with stops below 9040 |
| AUDNZD | Sell at 1.0790/1.0810 with stops above 1.0820. |
| NZDJPY | buy 7605/7595 with stops below 7585 |
