RUSS2000 - Intraday - We look to Sell at 1935 (stop at 1955)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
The hourly chart technicals suggests further upside before the downtrend...
USDCHF - Intraday - We look to Sell at 0.9236 (stop at 0.9262)
Daily signals are bearish.
We look for a temporary move higher.
Bespoke resistance is located at 0.9230.
20 1day EMA is at 0.9235.
Our profit targets will be 0.9171 and 0.9161
Resistance: 0.9230 / 0.9245 / 0.9260
Support: 0.9200 / 0.9180 / 0.9160
Risk Disclaimer
The trade ideas beyond this...
The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 129.76, down 0.33%.
Inflation indicators in Japan continue to head northwards. Tokyo Core CPI rose to 4.3% y/y in January, up from 3.9% in December and ahead of the consensus of 4.2%. This is the highest level in 42 years, but what is more worrying for the Bank of...
Palladium - Intraday - We look to Buy at 1646.1 (stop at 1626.3)
We are trading at oversold extremes.
Bespoke support is located at 1650.
Offers ample risk/reward to buy at the market.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 1695.6 and 1705.6
Resistance: 1660 / 1675 / 1697
Support: 1646 /...
ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411)
The medium term bias remains bullish.
Bespoke support is located at 7468.
This over-extended move shows no sign of slowing.
Preferred trade is to buy on dips.
Our profit targets will be 7588 and 7625
Resistance: 7531 / 7588 / 7620
Support: 7468 / 7447 / 7395
Risk Disclaimer
The trade ideas...
Palladium - Intraday - We look to Sell at 1736.8 (stop at 1757.8)
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 1739.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Daily signals are bearish.
Expect trading to remain mixed and...
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no...
NZDJPY - 20h expiry - We look to Sell at 85.00 (stop at 85.75)
Previous support located at 83.00.
Previous resistance located at 84.50.
The sideways consolidation continued although the market managed to post a significant high at 85.00.
Risk/Reward would be poor to call a sell from current levels.
A move through 83.50 will confirm the bearish momentum....
The Australian dollar has extended its rally with solid gains on Wednesday. In the North American session, AUD/USD is trading at 0.7080, up 0.51%.
RBA policy makers are no doubt having a bad day at the office, as Australia's inflation climbed sharply in the fourth quarter. CPI rose to 8.4%, up from 7.3% in Q3 and above the consensus of 7.7%. The hot inflation...
EURNZD - Intraday - We look to Buy at 1.6711 (stop at 1.6671)
The trend of higher lows is located at 1.6700.
Expect trading to remain mixed and volatile.
We look for a temporary move lower.
Our profit targets will be 1.6811 and 1.6831
Resistance: 1.6830 / 1.6870 / 1.6900
Support: 1.6770 / 1.6740 / 1.6700
Risk Disclaimer
The trade ideas beyond this page...
EURCHF - Intraday - We look to Buy at 1.0011 (stop at 0.9985)
Bespoke support is located at 1.0000.
Daily signals are bullish.
We look to buy dips.
Our short term bias remains positive.
Our profit targets will be 1.0076 and 1.0086
Resistance: 1.0067 / 1.0080 / 1.0100
Support: 1.0050 / 1.0030 / 1.0010
Risk Disclaimer
The trade ideas beyond this page are...
The British pound has posted slight gains on Tuesday. In the European session, GBP/USD is trading at 1.2302, down 0.60%.
UK debt costs soared in December, sending the budget deficit to a record 27.4 billion pounds. This was sharply higher than the November reading of 18.8 billion pounds and the consensus of 17.3 billion pounds. The drivers behind the sharp upturn...
EURNZD - Intraday - We look to Sell at 1.6829 (stop at 1.6869)
Expect trading to remain mixed and volatile.
Bespoke resistance is located at 1.6830.
50 4hour EMA is at 1.6832.
We look for a temporary move higher.
Our profit targets will be 1.6729 and 1.6709
Resistance: 1.6770 / 1.6800 / 1.6830
Support: 1.6700 / 1.6666 / 1.6640
Risk Disclaimer
The trade...
NZDJPY - Intraday - We look to Sell at 85.00 (stop at 85.75)
Previous support located at 84.00. Previous resistance located at 84.50. Indecisive price action has resulted in sideways congestion on the intraday chart. A move through 84.00 will confirm the bearish momentum.
Our profit targets will be 82.50 and 82.00
Resistance: 84.50 / 85.00 / 85.50
...
GER40 - Intraday - We look to Sell at 15258 (stop at 15348)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15038 and 14988
Resistance: 15130 / 15200 / 15272
Support:...
USDCHF - Intraday - We look to Sell at 0.9229 (stop at 0.9254)
Bespoke resistance is located at 0.9235.
Daily signals are bearish.
Preferred trade is to sell into rallies.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 0.9169 and 0.9159
Resistance: 0.9190 / 0.9210 / 0.9235
Support: 0.9170 / 0.9150 /...
US500 - Intraday - We look to Buy at 3875 (stop at 3855)
Continued downward momentum from 4013 resulted in the pair posting net daily losses yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
The 361.8% Fibonacci extension level of the 4016-3977 move is at 3875.
A Fibonacci confluence area is located at 3875.
There is...
USDCHF - Intraday - We look to Sell at 0.9216 (stop at 0.9241)
Previous support at 0.9210 now becomes resistance.
Our short term bias remains negative.
Trades at the lowest level in 63 weeks.
We look for a temporary move higher.
Our profit targets will be 0.9156 and 0.9146
Resistance: 0.9175 / 0.9190 / 0.9210
Support: 0.9150 / 0.9120 / 0.9085
Risk...
