Daily analysis by DayTradeIdeas - 07/11/2022| FXMAG.COM

EURUSD first support at 9920/00. Longs need stops below 9870. Second support at 9850/30. Longs need stops below 9820.

A break above the Monday to Wednesday high at 9953/9975 can target 1.0000 & 1.0050/55. If we continue higher look for the 2 week high at 1.0083/93.

USDCAD holding below 1.3500 is a sell signal for the start of this week targeting 1.3420/00 & perhaps as far as 1.3380/70 today.

Shorts at resistance at 1.3500/20 need stops above 1.3540.

Dax December now meets resistance at 13550/600. Shorts need stops above 13700. A break higher is a strong buy signal targeting 13770 & the August high at 13950/970.

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Shorts at strong resistance at 13550/600 target 13470 & 13300/280. Further losses can target 13180/150.

FTSE December soared 340 (5%) ticks last week. 200 ticks of that gain was on Friday. I have no idea what happens today! The 87.6% Fibonacci level is 7390. Above here look for 7430/40, perhaps as far as 7480/85.

First support at 7280/70 with strong support at 7220/00. Longs need stops below 7180.

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

Daily analysis by DayTradeIdeas - 07/11/2022

Jason Sen

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