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Aussie

Euro vs. Aussie - Medium Term Trading Idea - 22 July 2022FX:EURAUD dropped over 2000 pips in Q1. Q2 was really interesting accumulation period, still in corrective waves. After 700 pips strong drop in July it is good time to position for the next 2 months till end of September What is the supported thesis technically for the expected scenario on EURAUD? - Big capitulation is already done and 700 pips sharp move - Accumulation and still in A-B-C corrective wave - Strong support @ 1.4570 If you have any questions related to this trading idea I will be happy to provide you with answers. FX:EURAUD
Long
by TradingTie
Stalling negative momentum indicates a turnaround on GBPAUDGBPAUD - Intraday - We look to Buy at 1.7253 (stop at 1.7132) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A move lower faces tough support and we remain cautious on downside potential. Bespoke support is located at 1.7250. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 1.7596 and 1.7700 Resistance: 1.7600 / 1.7800 / 1.8200 Support: 1.7250 / 1.6800 / 1.6000 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.'
Long
by OANDA
AUDJPY to continue in the bullish channelAUDJPY - Intraday - We look to Buy at 94.50 (stop at 93.50) Previous support located at 95.00. Previous resistance located at 95.50. Further upside is expected although we prefer to set longs at our bespoke support levels at 94.50, resulting in improved risk/reward. A move through 95.50 will confirm the bullish momentum. Our profit targets will be 96.50 and 97.00 Resistance: 95.50 / 96.50 / 97.00 Support: 95.00 / 94.50 / 94.00 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.'
Long
by OANDA
AUDUSD remains under pressure, lower prices expectedAUDUSD - Intraday - We look to Sell at 0.6840 (stop at 0.6890) Buying pressure from 0.6730 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.6700 and 0.6540 Resistance: 0.6970 / 0.7130 / 0.7230 Support: 0.6540 / 0.6000 / 0.5845 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.'
Short
by OANDA