Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
30 July
GBPUSD made a low for the day at 1.2810/00 & this should be good support again today.
USDJPY longs are looking at a good profit & the pair is headed in the right direction.
NZDUSD longs at 5900/5890 were stopped.
GBPCAD longs at 1.7720/00 worked on the bounce from 1.7718 hitting 1.7760 & 1.7800 for up to 80 pips profit as we reach 1.7823, not quite as far as the 3rd target of 1.7840 yet.Shorts in the US stock markets, Emini S&P & Nasdaq worked perfectly as we caught exact high for the day.
Emini S&P hit 2 targets, Nasdaq hit the first target so far with further losses likely today.
Today’s Trade Ideas:
- 1. Emini S&P September futures shorts at the best sell opportunity for the day at 5520/25 worked as prices collapsed from 5534.
The low & high for the last session were 5481 – 5534
(To compare the spread to the contract you trade).
. - 2. Emini Nasdaq September futures shorts at first resistance at 19350/390 worked perfectly with a high for the day exactly here.
Last session high & low for the SEPTEMBER futures contract: 18113 – 19377.
Emini S&P September futures
- * Shorts at the best sell opportunity for the day at 5520/25 worked again on Monday.
Targets: 5505, 5490 (hit), 5470 - * Try shorts at the resistance again today.
A break above 5535 is a buy signal targeting 5545 & 5560.
- * A break below 5458 is a sell signal targeting 5425 & an excellent buying opportunity at 5410/00.
Longs need stops below 5385.
Nasdaq September futures
- * Emini Nasdaq shorts at first resistance at 19350/390 worked perfectly hitting first target of 19200 as we look for 18950 for profit taking today.
- * Try shorts again at 19350/390 with stops above 19440.
- * Just be aware that a break below 19,000 can target strong support at 18830/730.
Longs need stops below 18600.
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Jason Sen, Director
https://www.daytradeideas.co.uk
20240730