Daily TA & Trade Ideas – June 11th 2021
AUDUSD topped exactly at important 100 month moving average resistance at 7745/55 every day this week for a scalping opportunity to our target 7720/10.
NZDUSD shorts at first resistance at 7225/35 worked perfectly this week as we dip to the first target & minor support at 7180/70.
AUDJPY best support at 8460/40.
USDJPY has bottomed exactly at best support at 109.15/05 & topped exactly at first resistance at 109.60/70 so far this week.
EURJPY hit strong support at 133.10/00 for another buying opportunity this week & bottomed exactly here.
CADJPY bottomed exactly at first support at 9045/35 all this week for a small scalping opportunity. Longs need stops below 9025. A break lower is a sell signal.
EURUSD first resistance at 1.2190/95, first support at 1.2150/40.
USDCAD trades in a range from 1.2010/00 up to 1.2130/40 for 3 weeks. (We held 6 pips below here this week). Trade this range while we wait for a breakout (which I think is more likely to be in the direction of the negative prevailing trend).
GBPCAD holding a range of 130 pips for 4 weeks. A great market for scalpers. We bounced just 5 pips above 3 week trend line support at 1.7035/25 & topped exactly at first resistance at 1.7150/60.
GBPUSD in a sideways consolidation for 3 weeks from 100 month moving average support at 1.4080/60 (we bottomed exactly here yesterday) up to resistance at 1.4220/40. Trade this range while we wait for a breakout.
EURGBP topped exactly at first resistance at 8644/50 for a 50 pip scalping opportunity as we bottomed exactly at first support at 8590/80.
GBPNZD bottomed exactly at strong support at 1.9600/1.9580. Longs worked on the bounce to 1.9720 as we look for minor resistance at the May June high at 1.9770/80
Gold Spot shorts at the sell opportunity at 1895/1899 have worked perfectly all this week. Yesterday we bottomed exactly at first support at 1871/69 for a 25 point profit. A weekly close tonight above 1903 is a buy signal for next week.
Silver Spot stuck in a 1 month sideways trend, with first resistance at 2810/20 tested as I write this morning. Shorts need stops above 2835.
WTI Crude JULY Future crashed breaking 200 month moving average support at 6985/75 but bottomed exactly at good support at 6860/30 for a potential 200 tick profit on longs.
Dax 30 June longs at best support at 15550/530 worked perfectly with longs offered 100 ticks on the bounce to minor resistance at 15640/660. We topped exactly here.
EuroStoxx 50 June best support at 4090/85 today. Longs need stops below 4080.
FTSE 100 June longs at the buying opportunity at 7040/20, worked perfectly all this week with up to 80 ticks profit offered as we topped exactly at the first target & resistance at last week’s high at 7110/20.
Emini S&P JUNE consolidates in the bull trend in severely overbought conditions this week as predicted although we edged a little higher yesterday to 4249.
Nasdaq JUNE holding above last week’s high at 13773/783 keeps the outlook positive targeting 13818& the next target of 13950/970. As I write we topped exactly here.
Emini Dow Jones hit first support at 34390/330as predicted & bottomed exactly here.
Bitcoin bottomed exactly at the downside target & key support at 31100/3000. An easy 6000 pips on our shorts before the bounce to first resistance at 36200/36700.
A sell opportunity today at 38000/38500 stop above 39000.
Ripple shorts at strong resistance at 1.0515/1.0545 hit our targets of 0.9400/9300, 0.9000/0.8980 & 0.8050/30 for another huge profit. A bounce yesterday topped in between strong resistance at 0.9000/0.9150 & further strong resistance at 0.9450/0.9650.
Ethereum shorts at strong resistance at 2750/2800 worked perfectly as we hit 2430 & minor support at 2380/2350 this week for an easy 400 pips profit. We topped exactly at first resistance at 2550/2650 keeping the outlook negative.
Jason Sen, Director
https://www.daytradeideas.co.uk
