Trade Ideas

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Forex and Index CFD Trade Ideas & Chart Analysis (14-18 Jan 19)

By Hector in Trade Ideas on 13 January 2019

1.(Hong Kong Index HKD5 CFD)

Big Picture – Bearish
Resistance : 27 306 Support: 24 515 to 24 843

One Good Trade Idea
Consider selling on a bearish price action signal near 27 306 with a target to move down to 24 843 support.

2.(Strait Times Index SGD5 CFD)

Big Picture – Neutral
Resistance : 3 272 Support: 2 993

One Good Trade Idea
STI has staged a good recovery with 5 days of higher closes. It has even closed above the 1st resistance level 3 192. However, Friday closed with a doji candle may indicate the recovery may pause and even pull back below this resistance. Wait for further price confirmation.

3.(US SP 500 Index USD5 CFD)

Big Picture – Bearish
Resistance : 2 685 Support : 2 437

One Good Trade Idea
Bears are still in control. Look to sell with a bearish price action signal near 2 685 level with a target level of 2 437.


Big Picture – Bearish
Resistance : 0.7393 Support : 0.6820

One Good Trade Idea
The bullish pin bar due to the ‘Flash Crash’ rebound has sent price higher in the short term. Look to sell when price move higher to resistance near 0.7393 with a price action signal.


Big Picture – Bearish
Resistance : 139.88 Support : 131.37

One Good Trade Idea
Look to sell on a bearish price action signal this week near resistance 139.88 with a move down to 131.37 target.


Big Picture – Bearish
Resistance : 0.9908 Support : 0.9715

One Good Trade Idea
Consider selling as it move higher to resistance near 0.9908 with a price action sell signal targeting a move to 0.9715 or lower.

Happy Trading!
One Good Trade

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