Daily TA & Trade Ideas – May 5th 2021
NZDUSD 500 week MA resistance at 7305/25. Shorts need stops above 7345. |
| EURUSD 50, 200 day & 500 week MA plus 38.2% Fibonacci support at 1.1965/45 |
| EURUSD strong resistance at 1.2060/80. Shorts need stops above 1.2100. |
| USDCAD holding important 8 month descending trend line support 1.2260/40. |
| USDCAD 500 week moving average support at 1.2190/80. |
| GBPUSD strong resistance at 1.3910/25. A break higher targets 1.3980/90. |
| USDCHF 100 & 200 day moving average support at 9085/65. Golden cross? |
| AUDJPY 500 week plus 200 & 100 month moving average resistance at 8440/70 |
| USDJPY holding above the 100 month MA at 109.00/108.90 is more positive |
| USDJPY first resistance at 109.87/92. |
| CADJPY important 14 year trend line & 200 month MA 8900/30, stops above 8960. |
| CADJPY 14 year 38.2% Fibonacci resistance at 9010/30. |
| CADJPY first support at 8820/10. Strong support at 8735/15 this week. |
| EURJPY holding 16 month trend line resistance at 131.50/70 is negative this week. |
| EURJPY Key resistance at 132.30/40. Shorts need stops above 132.55. |
| EURJPY strong support at 130.50/30 this week. |
| EURGBP holding resistance at 8712/19. A break higher targets 8750/60. |
| EURGBP 1st support at 8665/55 but below 8645 can target 8630/20 |
| EURCAD 38.2% Fib, 6 year trend line & 500 & 200 month MA at 1.4615/1.4585. |
| GBPCAD very strong support at 1.7090/70 in oversold conditions. |
| GBPCAD longs at 1.7090/70 target 1.7130/40, 1.7160/70. Resistance at 1.7200/10 |
| GBPNZD support at the 100 day moving average at 1.9190/80. |
| EURCAD 61.8% Fibi6 year trend line & 500 & 200 month MA at 1.4615/1.4585. |
| UZDZAR Fibonacci & 200 week moving average resistance at 14.45/55. |
| WTI Crude 500 week moving average resistance at 6600/6620 |
| Gold Spot Strong 100 dma resistance 1796/98. Further strong resistance 1803/06. |
| Silver first resistance at 2685/95. First support at 2625/15. |
Jason Sen, Director
https://www.daytradeideas.co.uk
