Setup
USDCHF trades at 105-month low.USDCHF - 24h expiry
Trades at the lowest level in 101 months.
There is no indication that the selloff is coming to an end.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Broken out of the triangle formation to the downside.
We look to Sell at 0.8686 (stop at 0.8716)
Our profit targets will be 0.8616 and 0.8606
Resistance: 0.8631 / 0.8660 / 0.8690
Support: 0.8570 / 0.8550 / 0.8530
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.
USDCAD TWO POSSIBLE SETUPS H1On USD/CAD, we have a bullish setup with the price establishing a strong demand zone around 1.3128 and rising by breaking through the supply zone around 1.3177. Within this zone, the price has defined a Forex48 block, which is a potential entry point for a long trade in case of a pullback. In addition to this point, the price has identified another one in the zone of 1.3260-1.3270, where the price could retrace for a short entry. Let me know what you think, share your opinion, and leave a like to support our work. We would be truly grateful. Greetings from Nicola, the CEO of Forex48 Trading Academy.
EURCHF: Will Start Falling! Here is Why:
Looking at the chart of EURCHF right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
Start protection of your profits from lower levels.
❤️Please, support our work with like & comment!❤️
GBPAUD : Short Trade , 4hHello traders, we want to check the GBPAUD chart. The price has pulled back to the specified key level after breaking the ascending channel to the bottom. We expect this level to act as a resistance level for us and cause the price to continue falling until around the price of 1. 89700. Good luck.
EURCHF : Short Trade , 4hHello traders, we want to check the EURCHF chart. The price has managed to break down the key level between 0.96800 and 0.96900 and then pulled back to this level again. We expect this level to play the role of a resistance level for us and maintain the downward trend of the price. We expect the price to fall to around 0.96200. Good luck.
AUD-CHF Will Keep Falling! Sell!
Hello,Traders!
AUD-CHF is trading in a
Downtrend and the pair is
Making a pullback from
The broken rising support
Which is now a resistance
And as I am bearish biased
I think that the pair will go down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
XAUUSD RE-TEST BEFORE A LONG TRADE H1On gold, we have a price that has stabilized in the range of 1050-1960 after a strong rally following the US data. In fact, we have seen a truly weak dollar during the week, except for yesterday when the greenback managed to regain some ground. However, I expect a price rebound in the 1938 zone, which corresponds to the 0.5% Fibonacci level, as the price is currently at the 0.25% level, which has acted as support. Therefore, I anticipate a retracement before going long and retesting the 1965 levels in the supply zone. If you'd like, we would be really grateful if you shared your opinion and left a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
XAUUSD : Short Trade , 4hHello traders, we want to check the XAUUSD chart. After an upward movement, the price has reached the key level between 1964 and 1967. We expect this level to play the role of a resistance level for us and stop the upward trend of the price. If the price falls, wait. We are expecting the price to drop to around 1935.500. Good luck.
GBPJPY : Long Trade , 1hHello traders, we want to check the GBPJPY chart. The price is moving in an upward channel. If the price pulls back to the key level between 181.400 and 181.500, we expect this level to maintain the upward trend of the price and cause the price to continue growing. If the price continues its upward trend, we expect it to grow to the next key level, which is around the price of 183.100. Good luck.
GBPJPY to stall at 0.618 pullback?GBPJPY - Intraday
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We have a 61.8% Fibonacci pullback level of 182.27 from 184.01 to 179.46.
We look to Sell at 182.30 (stop at 182.80)
Our profit targets will be 181.10 and 180.80
Resistance: 182.50 / 184.00 / 188.90
Support: 179.10 / 168.55 / 165.70
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.
GBPCHF to find sellers at previous support?GBPCHF - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 1.1325 (stop at 1.1361)
Our profit targets will be 1.1235 and 1.1215
Resistance: 1.1330 / 1.1415 / 1.1520
Support: 1.1220 / 1.1175 / 1.1120
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.
NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30)
Broken out of the channel formation to the downside.
Further downside is expected.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 88.00 will confirm the bearish momentum.
Our profit targets will be 87.60 and 87.35
Resistance: 88.50 / 88.80 / 89.00
Support: 88.00 / 87.80 / 87.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
The Trade Desk primary trend remains bullish.The Trade Desk - 30d expiry - We look to Buy at 78.11 (stop at 73.11)
The primary trend remains bullish.
Previous resistance at 79.50 now becomes support.
A lower correction is expected.
We look to buy dips.
This stock has seen good sales growth.
The hourly chart technicals suggests further downside before the uptrend returns.
Our profit targets will be 90.11 and 92.51
Resistance: 90.50 / 92.00 / 94.00
Support: 82.70 / 79.50 / 77.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EUR-USD Retesting Strong Horizontal Resistance! Sell!
Hello,Traders!
EUR-USD keeps growing
But will soon retest a massive
Key horizontal resistance
Structure around 1.12348
From where a bearish correction
Should be expected
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
USDCAD selloff to stall at current levels?USDCAD - 24h expiry
Price action has stalled at good support levels and currently trades just above here (1.3150).
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 1.3200 will confirm the bullish momentum.
We look to Buy at 1.3150 (stop at 1.3110)
Our profit targets will be 1.3250 and 1.3275
Resistance: 1.3200 / 1.3250 / 1.3275
Support: 1.3150 / 1.3125 / 1.3100
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.
EURAUD to breakdown?EURAUD - 24h expiry
Trading within a Corrective Channel formation.
We expect a reversal in this move.
Momentum is flat, highlighting the lack of clear direction.
A move through 1.6450 will confirm the bearish momentum.
The measured move target is 1.6300.
We look to Sell a break of 1.6445 (stop at 1.6495)
Our profit targets will be 1.6325 and 1.6295
Resistance: 1.6525 / 1.6550 / 1.6600
Support: 1.6450 / 1.6400 / 1.6300
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.