AUDJPY: Dip buy offers better rewards?!AUDJPY
Intraday - We look to Buy at 93.25 (stop at 92.25)
Previous support located at 93.25. Previous resistance located at 94.50. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 94.50 will confirm the bullish momentum.
Our profit targets will be 95.25 and 95.50
Resistance: 94.50 / 95.00 / 95.50
Support: 93.50 / 93.00 / 92.50
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Aussie
AUDNZD Intraweek Technical AnalysisThe aussie has completed its downward correction against the kiwi , My idea for next week is to take long positions at 1.10528 ans 1.10664 with target of resistance of 1.110.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
✅AUD_CHF TRADING IN A RANGE|LONG🚀
✅AUD_CHF is approaching a demand level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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Ending wedge indicates higher prices on EURAUDEURAUD - Intraday - We look to Buy at 1.4575 (stop at 1.4475)
Previous support located at 1.4600. Previous resistance located at 1.4700. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.4700 will confirm the bullish momentum.
Our profit targets will be 1.4775 and 1.4800
Resistance: 1.4700 / 1.4750 / 1.4800
Support: 1.4600 / 1.4575 / 1.4500
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 responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
AUDUSD at the lower end of a bullish channelAUDUSD - Intraday - We look to Buy at 0.6950 (stop at 0.6905)
We are trading at overbought extremes. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. The trend of higher lows is located at 0.6911. We look to buy dips.
Our profit targets will be 0.7075 and 0.7170
Resistance: 0.7170 / 0.7285 / 0.7430
Support: 0.6915 / 0.6680 / 0.6540
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 responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Aussie rises in advance of RBA rate hikeEUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔼
XAU 🔼
WTI 🔽
The Reserve Bank of Australia is expected to bring another 50 bps rate hike later today, and AUD/USD rose to 0.7023 with minor oscillation while its economy is dealing with the aftermath of the Sydney flood and Chinese lockdowns. As the Bank of England is preparing to increase interest rates on Thursday, GBP/USD climbed to 1.2254 and stabilized at the 1.2250 level, gaining over 80 pips.
The latest reading for US ISM Manufacturing PMI is 52.8, slightly higher than market estimates, but projections for US JOLTs Job Openings in June anticipated a minor drop to 11 million new job openings. Nonetheless, USD/CAD closed at 1.2845 and reached a high of 1.2855.
Compared to previous figures, Germany's retail sales in June decreased by 1.6%, against market bets for a 0.2% minimal growth, the EUR/USD pair was last traded at 1.0261 with a high of 1.029.
Crude oil demands were cut by recession sentiment, falling to $93.89 a barrel, losing almost $5 in the process. Gold futures closed higher at 1,787.7, then went to 1,796.6 an ounce.
More information on Mitrade website.
LONG AUDCAD on Daily ChartSystem printed an entry with a trigger today on AUDCAD @ 0.89793 with initial target of approximately 220 pips @ 0.91786. Stop is placed @ 0.87300, trailing.
I actually entered this trade early and am up 70 pips. Today's candle close above the trigger line will indicate an entry based solely on the rules of the system.
Supply/resistance area above around 0.9115, with 0.90750 as potential hesitation price level.
AUD-USD Local Short! Sell!
Hello,Traders!
AUD-USD is trading in an opening wedge
And is now retesting a resistance cluster
Of the rising and horizontal resistance levels
Thus making bearish and so I think
That the price will fall towards the
Rising support below
Sell!
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See other ideas below too!
We prefer to set shorts EURAUDEURAUD - Intraday - We look to Sell at 1.4625 (stop at 1.4725)
Previous support located at 1.4500. Previous resistance located at 1.4550. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4625, resulting in improved risk/reward. A move through 1.4500 will confirm the bearish momentum.
Our profit targets will be 1.4375 and 1.4350
Resistance: 1.4550 / 1.4625 / 1.4700
Support: 1.4500 / 1.4450 / 1.4375
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 responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
AUDUSD - I am bullish!AUDUSD - I am bullish
I've been bullish on the Australian economy overall, it is less 'damaged' compared to EU & US - It isn't as strong as AUD even when you see data wise and as well as currency strength, it's Aussie ahead! I am more bullish AUD compared to other FX pairs including this it is a commodity FX pair and this you can research in your own time or seek out the various platforms I am part of and question further.
Technically, we have been within a channel bullish momentum continues but take a look at this trendline down, we have hit it many times. Now we are testing it again, if we go above I expect this 0.70100 areas and perhaps LT 200EMA. However, for now any pull back give and as long as we stay above 0.68560 areas i'd be buying dips and excelling further.
Next week main data front: FOMC 75
Not Investment Advice.
TJ
Double Top formation on AUDJPYAUDJPY - Intraday - We look to Sell at 94.00 (stop at 94.85)
Previous support located at 93.00. Previous resistance located at 94.00. Posted a Double Top formation. Risk/Reward would be poor to call a sell from current levels. The measured move target is 92.00.
Our profit targets will be 92.15 and 92.00
Resistance: 93.50 / 94.00 / 94.50
Support: 93.00 / 92.50 / 92.00
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 responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
✅AUD_NZD LOCAL LONG🚀
✅AUD_NZD is about to retest a key structure level
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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Selling EURAUD at trend resistanceEURAUD - Intraday - We look to Sell at 1.4700 (stop at 1.4800)
Previous support located at 1.4550. Previous resistance located at 1.4600. There is no clear indication that the downward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.4450 and 1.4400
Resistance: 1.4600 / 1.4700 / 1.4800
Support: 1.4550 / 1.4500 / 1.4450
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 responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Stalling momentum indicates a turnaround is possible on AUDUSDAUDUSD - Intraday - We look to Sell at 0.7005 (stop at 0.7050)
Daily signals for sentiment are at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies.
Our profit targets will be 0.6875 and 0.6680
Resistance: 0.7170 / 0.7430 / 0.7660
Support: 0.6915 / 0.6680 / 0.6540
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 responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Joe Gun2Head Trade - Fading the correction in AUDCADTrade Idea: Selling AUDCAD
Reasoning: Move higher stalling?
Entry Level: 0.8914
Take Profit Level: 0.8848
Stop Loss: 0.8930
Risk/Reward: 4.39:1
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