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EURAUD rallies to continue attract sellers?EURAUD - 24h expiry The medium term bias remains bearish. Rallies continue to attract sellers. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6690. We look to Sell at 1.6690 (stop at 1.6750) Our profit targets will be 1.6540 and 1.6500 Resistance: 1.6690 / 1.6740 / 1.6810 Support: 1.6520 / 1.6450 / 1.6400 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
USDCAD forming a bottom?USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3700. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3725 will confirm the bullish momentum. We look to Buy at 1.3700 (stop at 1.3676) Our profit targets will be 1.3760 and 1.3775 Resistance: 1.3725 / 1.3740 / 1.3750 Support: 1.3700 / 1.3680 / 1.3675 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
GOLD to continue in the upward move?XAUUSD - 24h expiry Price action continues to trade around the all-time highs. Preferred trade is to buy on dips. Yesterday's Marabuzo is located at 2451. Risk/Reward would be poor to call a buy from current levels. The primary trend remains bullish. We look to Buy at 2451.5 (stop at 2435.5) Our profit targets will be 2491.5 and 2501.5 Resistance: 2477.7 / 2483.7 / 2500.0 Support: 2458.5 / 2445.0 / 2430.0 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.
OANDA:XAUUSDLong
by OANDA
GBPAUD to find buyers at market price?GBPAUD - 24h expiry The primary trend remains bullish. A lower correction is expected. Price action has formed an expanding wedge formation. Preferred trade is to buy on dips. Bespoke support is located at 1.9475. We look to Buy at 1.9475 (stop at 1.9395) Our profit targets will be 1.9675 and 1.9715 Resistance: 1.9625 / 1.9690 / 1.9760 Support: 1.9475 / 1.9400 / 1.9335 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
ETHUSDT - 4H a correction phaseRecent political developments have influenced the crypto market significantly. The rise in Trump’s chances initially propelled the crypto market upwards. However, with Biden dropping out of the presidential race and the introduction of his alternate candidate, Trump’s chances are now perceived to be decreasing, which could lead to a correction in the crypto market. From a technical perspective, COINBASE:ETHUSD has faced strong resistance at a key zone in the 4-hour time frame. Despite multiple attempts, BINANCE:ETHUSDT was unable to break through this crucial resistance level, suggesting a lack of bullish momentum to sustain higher prices. Additionally, the Relative Strength Index (RSI) shows a bearish divergence, indicating weakening buying pressure and potential for a downward move. Given the inability to breach the resistance, the bearish RSI divergence, and the prevailing political uncertainties, it is likely that ETH will experience a pullback. This correction could provide a consolidation phase before the market assesses the next potential moves. Traders should be cautious and consider the potential for a short-term decline in ETH prices.
Short
by Sober_Trading
2
Crypto Market Forms A Bullish SetupCrypto market made a nice bullish setup formation with a five-wave rally in July, followed by an a-b-c flat correction. It has just came nicely into projected 2.2T – 2.1T support area within wave »c« of an a-b-c flat correction in wave (2), from where we should be aware of a bullish continuation within wave (3). However, keep in mind that we have important NFP report (US jobs data) today, so it's recommended to wait on confirmations, which is sharp or impulsive bounce back above 2.45T level.
CRYPTOCAP:TOTALLong
by ew-forecast
GOLD to find sellers at market price?Gold - 24h expiry Posted a Double Top formation. Short term bias has turned negative. 5 negative daily performances in succession. 20 4hour EMA is at 2411.5. We look for a temporary move higher. We look to Sell at 2411.5 (stop at 2427.5) Our profit targets will be 2371.5 and 2361.5 Resistance: 2404.0 / 2412.2 / 2420.0 Support: 2383.9 / 2370.0 / 2350.0 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.
OANDA:XAUUSDShort
by OANDA
6
GBPUSD to form a higher low?GBPUSD - 24h expiry The medium term bias remains bullish. The sequence for trading is higher highs and lows. A lower correction is expected. Preferred trade is to buy on dips. Bespoke support is located at 1.2950. We look to Buy at 1.2950 (stop at 1.2910) Our profit targets will be 1.3050 and 1.3070 Resistance: 1.3010 / 1.3040 / 1.3070 Support: 1.2950 / 1.2920 / 1.2890 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
EaseMyTrip : Difficult Trip ahead?- EMT has been one of our star investments right from its IPO in March 2021. - After giving 400% returns, It seems to have settled down in a comfortable range for almost 16 months now - Yes, It is in the news for acquiring new companies and opening franchise stores. But, the latest news of the promoter selling his stake was a weak hand move. The holding went from 75% to 71% approx. - Once a company has rallied so much, It becomes important to justify the pricing i.e. through a good EPS. The company struggles here as the PE stands at about 50. At its All time high, it was as high as 90. - Also, the stock is trading at 18.2 times its book value. - Technically, It has been consolidating. Lately, It broke the consolidation on the downside and is now testing the support ultimatum for the third time in the last 4 months. The resistance trendline too is a strong acting resistance. - A break of the support ultimatum may open doors for a downward momentum. What you do think will happen? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:EASEMYTRIP
by TheChartereds
1
EURNZD to continue in the upward move?EURNZD - 24h expiry Our short term bias remains positive. Setbacks should be limited to yesterday's low. We look to buy dips. 20 4hour EMA is at 1.7921. There is no clear indication that the upward move is coming to an end. We look to Buy at 1.7928 (stop at 1.7878) Our profit targets will be 1.8048 and 1.8068 Resistance: 1.7978 / 1.8061 / 1.8100 Support: 1.7925 / 1.7900 / 1.7870 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
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Offers ample risk/reward to buy at the market. 20 4hour EMA is at 0.9740. We look to buy dips. We look to Buy at 0.9740 (stop at 0.9718) Our profit targets will be 0.9795 and 0.9815 Resistance: 0.9768 / 0.9780 / 0.9800 Support: 0.9740 / 0.9720 / 0.9700 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
EURUSD BUY | Idea Trading AnalysisEURUSD is moving under the descending channel The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
5
USDCAD to make a reversal on daily support?USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3600. Price action looks to be forming a bottom. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 1.3625 will confirm the bullish momentum. We look to Buy at 1.3600 (stop at 1.3572) Our profit targets will be 1.3670 and 1.3685 Resistance: 1.3625 / 1.3640 / 1.3650 Support: 1.3610 / 1.3600 / 1.3585 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
UK100 to find support at market price?UK100 - 24h expiry Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Dip buying offers good risk/reward. We look for a temporary move lower. Further upside is expected although we prefer to buy into dips close to the 8175 level. We look to Buy at 8175 (stop at 8135) Our profit targets will be 8275 and 8295 Resistance: 8480 / 8570 / 8720 Support: 8010 / 7870 / 7725 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.
OANDA:UK100GBPLong
by OANDA