FXSUSDT Bullish Signals and Price Surge ExpectationsFXSUSDT has recently demonstrated compelling bullish movements, showcasing a transformation of two previous supply zones into demand areas. This shift, coupled with the presence of a consistent higher highs and higher lows pattern, reaffirms the underlying bullish trend.
Anticipating an over 80% surge in the coming weeks, today might mark the inception of the anticipated uptrend. The combination of these bullish signals suggests a strong potential for substantial growth in the near term.
H-setup
SXPUSDT Double Fibonacci Resistance and Potential GainsSXPUSDT showcases a transition from supply to demand zones, successfully respected within its price action. Notably, the bounce off the 61.8% Fibonacci retracement level, coupled with the subsequent rebound from the 38.2% support and the clean bounce off the simple uptrend trendline, indicates the initiation of an upward wave.
As a result, our forecast anticipates SolarNetwork to persist in its upward trajectory towards the double Fibonacci resistance area near $0.54. Should this level be attained, traders and investors could secure a solid 30% gain.
XRPUSDT at least 20% UpsurgeXRPUSDT appears poised for a potential jump, evident in its adherence to the uptrend trendline and critical demand zone near $0.56. The recent decisive bounce off the 78.6% Fibonacci support amplifies the probability of a rapid upside swing.
Our trade signal suggests a swift movement towards the $0.73 resistance area, supported by a double Fibonacci level. Should this scenario unfold, Ripple might witness a minimum 20% price increase.
EGLDUSDT Probabilities for a 60% UpswingEGLDUSDT persists in honoring the uptrend trendline, maintaining movement within a long-term ascending channel. Notably, the previous supply zone has transformed into a respected demand area, significantly bolstering the likelihood of sustained uptrend continuation.
This favorable price action significantly heightens the probability of a 60% price surge in the imminent days or weeks. The key resistance at the $75 area, validated by a double Fibonacci level, stands as a crucial indicator for potential price movements.
In summary, EGLD appears notably positive at this stage, with an evident uptrend, demand zone validation, and potential for significant growth.
XAUUSD : Long Trade , 1hHello traders, we want to check the XAUUSD chart. The price is moving in an upward channel, and if it pulls back to the specified key level and can stabilize itself above this level, we expect it to continue its upward trend and grow until around the price of 2072. Good luck.
BTCUSDT : Short Trade , 4hHello traders, we want to check BTCUSDT chart. The general trend of the market is up, but the price is moving in a range channel. We expect that the specified resistance level will stop the upward trend of the price and the price will fall to around the price of 42000. Good luck.
EURJPY : Long Trade , 4hHello traders, we want to check the EURJPY chart. The price is moving in an ascending channel and has pulled back to the indicated key level. If the price cannot break this level and stabilize itself above this level, we expect it to maintain its upward trend and grow up to the price of 159,000. Good luck.
NEARUSDT Potential: Predicting a 76% Rally🔅NEARUSDT recently broke above the wedge pattern, accompanied by breaching the long-term downtrend trendline. This move was followed by a significant transformation from supply to demand, evident in the market's response to these zones.
🔅The most recent pullback halted precisely at the 61.8% Fibonacci retracement level, highlighting substantial buying pressure at this critical level.
🔅The current indications heavily favor an uptrend continuation, setting the stage for an anticipated substantial 76% price increase in the coming weeks. As usual, we'll be sharing a comprehensive trade setup in our channel to capitalize on this potential opportunity.
PHBUSDT Bullish Signals and 86% Potential SurgeOver the past three months, PHBUSDT has established an uptrend, characterized by higher highs (HHs) and higher lows (HLs) pattern, indicative of a sustained bullish trend. Concurrently, the demand zone near the psychologically significant price of $0.6 has been effectively defended by buyers, solidifying its significance within the price action.
Yesterday, on a daily timeframe, the recent pullback halted precisely at the 38.2% Fibonacci support level, presenting extremely positive news for buyers. We have already shared trade setup in our dedicated channel and will update it when/if needed.
Overall, our analysis projects a potential rise towards the 427.2% Fibonacci retracement level, signifying a substantial 86% growth for PHBUSDT.
NZDUSD to find buyers at previous resistance?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6225 will confirm the bullish momentum.
The measured move target is 0.6280.
We look to Buy at 0.6200 (stop at 0.6176)
Our profit targets will be 0.6260 and 0.6270
Resistance: 0.6250 / 0.6275 / 0.6280
Support: 0.6200 / 0.6175 / 0.6150
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.
DAX to breakdown at overbought extremes?GER40 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Current prices have reacted from a low of 16662, however, we expect further losses to follow.
Price action resulted in a new all-time high at 17004.
An Evening Doji Star formation has been posted at the high.
A break of the recent low at 16662 should result in a further move lower.
Daily signals for sentiment are at overbought extremes.
We look to Sell a break of 16658 (stop at 16758)
Our profit targets will be 16418 and 16348
Resistance: 16793 / 16850 / 16950
Support: 16720 / 16662 / 16600
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.
XAUUSD : Short Trade , 1hHello traders, we want to check the XAUUSD chart. After the price has broken the descending channel to the top, it has reached the specified resistance level and could not break this level and had a fall. We expect the price to continue its downward trend after the pullback until around the price of 2030 and fall to around the price of 1997. Good luck.
AUDNZD : Long Trade , 4hHello traders, we want to check the AUDNZD chart. The overall trend of the market is bearish and the price has reached the ceiling of the descending channel as well as the indicated key level. We expect the price to have a correction up to around 1.07500 and if the price fails to break this level, the price will maintain its upward trend and grow up to around 1.08600. Good luck.
USDCAD : Long Trade , 4hHello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has reached a key level that the price has reacted to several times in the past. We expect this level to play the role of a support level and the price will grow to around 1.34900. Good luck.
AUDUSD : Short Trade , 4hHello traders, we want to check the AUDUSD chart. The price is moving in an ascending channel and has reached the indicated key level. We expect this level to act as a resistance level and the price will fall to around 0.66200. If the price cannot break this support level, we expect it to maintain its upward trend and the price will test the specified resistance level again. Good luck.
SPX500 to retest all time high?US500 - Intraday
Price action continues to trade around the all-time highs.
There is no indication that the rally is coming to an end.
A break of the recent high at 4744 should result in a further move higher.
Short-term momentum is bullish.
We look for gains to be extended today.
We look to Buy a break of 4746 (stop at 4720)
Our profit targets will be 4806 and 4826
Resistance: 4744 / 4770 / 4820
Support: 4720 / 4693 / 4650
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.
GBPJPY to turnaround?GBPJPY - Intraday
Posted a Bullish Hammer Bottom on the Daily chart.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Further upside is expected although we prefer to buy into dips close to the 180.22 level.
We look to Buy at 180.22 (stop at 179.42)
Our profit targets will be 182.22 and 182.62
Resistance: 182.10 / 183.35 / 184.60
Support: 180.30 / 178.00 / 175.15
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.
EURCAD : Long Trade , 4hHello traders, we want to check the EURCAD chart. The price has broken the ascending channel and is currently moving in a descending channel. The price has reached the indicated key level and we expect this level to stop the downward trend of the price. If the price cannot break this level downwards and break the descending channel upwards, our first target will be the price of 1.47000. Good luck.
USDJPY : Short Trade , 4hHello traders, we want to check the USDJPY chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 143.300. Good luck.
GBPUSD : Long Trade , 4hHello traders, we want to check the GBPUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level and has also broken the small descending channel to the upside. We expect the price to grow up to around 1.26400 and if it can break this level, the next price target will be 1.27300. Good luck.