Daily analysis by DayTradeIdeas - 19/07/2023

Daily analysis by DayTradeIdeas - 19/07/2023

There has been no excuse to miss buying Gold from the 1930/35 area (which I also posted in last week's video and then again at 1952/48. Even buying on the break above 1960 was suggested yesterday.

I have made it very clear exactly when to enter throughout the last week & finally we hit my targets of 1970/73 & 1981/83. If you had run longs from my first buying opportunity at 1935/30 you have a full 2.5% move in Gold & the $50 move for a huge profit.

We are overbought at this stage so I have taken profits at 1983 & I will see if there is a downside correction for another buying opportunity.

Strong support at 1968/63 for today's buying opportunity with stop below 1959.



Daily analysis by DayTradeIdeas - 19/07/2023 - 1

EURJPY hit strong resistance at 156.20/40. A high for the day exactly here yesterday. I would lower the sell level to 156.10/30 if you are not already short from yesterday - Shorts need stops above 156.45.

We can try a long again at strong support at 153.60/40 this week with stop below 153.20.

NZDUSD broke support at 6320/10 but should find a better buying opportunity at 6280/60.

Daily analysis by DayTradeIdeas - 19/07/2023 - 2


USDCAD strong resistance at 1.3260/80 (not quite there yet). Shorts need stops above 1.3300. A break above 1.3300 is an important buy signal for this week.

EURUSD we wrote: break above 1.1250 should be a buy signal for today targeting 1.1275.

A high for the day exactly here.

I think there is a good chance of a small downside correction & if you want to try a short you can stop above 1.1285. Now it could be worth the risk with a potential target of 1.1140/20, which should also be a good buying opportunity.

Daily analysis by DayTradeIdeas - 19/07/2023 - 3

However be ready to buy a break above 1.1290 targeting 1.1370/80, perhaps as far as 1.1450.

EURNZD longs at support at 1.7560/40 worked perfectly as we hit my targets of 1.7630, 1.7680 then 1.7740. We even reached as far as 1.7930

Strong support again at 1.7570/50 - Longs need stops below 1.7520.

Jason Sen

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk