Blueberry Markets

2022-08-26 09:51:35 [SELL] FRA40 - Bearish - We look to Sell at 6450

Previous support located at 6400
Previous resistance located at 6450
There is no clear indication that the downward move is coming to an end
Risk/Reward would be poor to call a sell from current levels
A move through 6400 will confirm the bearish momentum


Stop: 6525.0
Target 1: 6300.0
Target 2: 6250.0

Chart Open / Comment

2022-08-26 09:47:13 [SELL] UK100 - Bearish - We look to Sell at 7550

Previous support located at 7450
Previous resistance located at 7525
A higher correction is expected
Risk/Reward would be poor to call a sell from current levels
A move through 7450 will confirm the bearish momentum


Stop: 7625.0
Target 1: 7400.0
Target 2: 7350.0

Chart Open / Comment

2022-08-26 09:32:49 [SELL] Palladium - Bearish - We look to Sell at 2160.70

Trading has been mixed and volatile
A weaker opening is expected to challenge bullish resolve
We have a 61.8% Fibonacci pullback level of 2164.25 from 2294.98 to 1952.75
Bespoke resistance is located at 2160.77
Preferred trade is to sell into rallies


Stop: 2195.0
Target 1: 2053.0
Target 2: 2000.0

Chart Open / Comment

2022-08-26 09:32:07 [SELL] USDCAD - Bearish - We look to Sell at 1.3000

Previous support located at 1.2900
Previous resistance located at 1.2950
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.3000, resulting in improved risk/reward
A move through 1.2900 will confirm the bearish momentum


Stop: 1.305
Target 1: 1.285
Target 2: 1.28

Chart Open / Comment

2022-08-26 09:29:44 [SELL] Silver - Bearish - We look to Sell at 19.5400

The medium term bias remains bearish
We have a 38.2% Fibonacci pullback level of 19.5428 from 18.7205 to 20.8732
There is scope for mild buying at the open but gains should be limited
Preferred trade is to sell into rallies


Stop: 19.7539
Target 1: 18.7206
Target 2: 18.5

Chart Open / Comment

2022-08-26 09:23:42 [SELL] EURSEK - Bearish - We look to Sell at 10.6130

The medium term bias remains bearish
Broken out of the channel formation to the downside
We have a 61.8% Fibonacci pullback level of 10.6129 from 10.6764 to 10.5383
Preferred trade is to sell into rallies


Stop: 10.6389
Target 1: 10.538
Target 2: 10.5

Chart Open / Comment

2022-08-26 09:20:39 [SELL] AUDUSD - Bearish - We look to Sell a break of 0.6945

Signals are mixed but remain mildly bearish with an short-term timeframe highlighting an exhaustion count
Further downside is expected, however, due to the strong support below we prefer to sell a break of 0.6950, which will confirm the bearish sentiment
There is scope for mild buying at the open but gains should be limited
Trades with a bearish descending triangle formation


Stop: 0.6977
Target 1: 0.687
Target 2: 0.68

Chart Open / Comment

2022-08-26 09:17:36 [SELL] GBPCHF - Bearish - We look to Sell at 1.1438

The medium term bias remains bearish
We have a 61.8% Fibonacci pullback level of 1.1427 from 1.1508 to 1.1297
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1438, resulting in improved risk/reward
Expect trading to remain mixed and volatile


Stop: 1.1466
Target 1: 1.1338
Target 2: 1.13

Chart Open / Comment

2022-08-26 09:17:14 [SELL] USD/TRY - Bearish - We look to Sell at 18.2000

Previous support located at 18.0000
Previous resistance located at 18.2000
Price action has stalled at good resistance levels and currently trades just below here (18.2000)
A move through 18.0000 will confirm the bearish momentum


Stop: 18.45
Target 1: 17.7
Target 2: 17.5

Chart Open / Comment

2022-08-26 09:14:32 [SELL] GBPUSD - Bearish - We look to Sell at 1.1865

The medium term bias remains bearish
Current prices have reacted from a low of 1.1717, however, we expect further losses to follow
There is scope for mild upward pressure at the open but we look for selling interest to resist gains
Preferred trade is to sell into rallies


Stop: 1.191
Target 1: 1.173
Target 2: 1.165

Chart Open / Comment