NZDJPY to form a lower high?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Rallies should be capped by yesterday's high.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 90.60.
We look to Sell at 90.60 (stop at 90.84)
Our profit targets will be 90.00 and 89.85
Resistance: 90.60 / 90.80 / 91.10
Support: 90.20 / 89.90 / 89.60
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.
Setup
EURNZD to breakdown?EURNZD - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
An Evening Doji Star formation has been posted at the high.
A break of bespoke support at 1.8000, and the move lower is already underway.
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
We look to Sell a break of 1.7999 (stop at 1.8049)
Our profit targets will be 1.7879 and 1.7859
Resistance: 1.8072 / 1.8099 / 1.8130
Support: 1.8000 / 1.7950 / 1.7900
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.
EurUsd Beginning of Q2, 2024 📅Hello Traders, the March Monthly candle has closed bearish with a large top wick which looks to have rejected the top of our Monthly range at 1.1028. We now have 3 Monthly candle closing bearish consecutively which suggest more downside on EurUsd possible as we enter Q2, 2024. The top wick on the March monthly candle looks like a fresh liquidity grab for a push towards our monthly support level 1.057 in April. Our first stop will be the February monthly candle low price ( 1.695).
Strong Jobs data in March and increasing Inflation readings suggest continued uncertainty surrounding the Fed's ability to get a handle on the market. In the meantime we can observe USD strength Q1 ,2024 and this may continue as we enter Q2. Anything can happen in the markets and it's important that we always remain flexible in our approach and strategy for profiting from the markets. In the short term, our key levels of interest are Daily Resistance level created last week 1.08373. Another key level being the level that we mentioned multiple times last week, 1.0765 weekly support level. The Friday daily candle (march 29th) reacted off here and closed bullish. The next key level is 1.07105 Daily Support Level.
Monthly
Weekly
Daily
Grasim trade setupBroadning decending wedge is a bullish pattern
2 probabilities, one is beariah as we can see a divergence in RSI. Second one is bullish as this pattern is a bullish pattern.
Once the wedge is broken upside we get to see those targets .. or if it continues in the range we get to see the bottom support line as target but remember if it continues downside and did not break the lower low get ready for a breakout.
AUDUSD to find sellers at market price?AUDUSD - Intraday
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Rallies should be capped by yesterday's high.
Bespoke resistance is located at 0.6520.
We look to Sell at 0.6527 (stop at 0.6547)
Our profit targets will be 0.6477 and 0.6467
Resistance: 0.6520 / 0.6535 / 0.6560
Support: 0.6490 / 0.6465 / 0.6440
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.
USDJPY to breakdown?USDJPY - 24h expiry
Price action continues to be mixed and volatile for 6 days in succession resulting in spikes in both directions.
The rally was sold and the dip bought resulting in mild net losses yesterday.
Bespoke support is located at 148.96.
A Fibonacci confluence area is located at 148.95.
Rumours of intervention have resulted in a spike in volatility.
A break of 151.02 is needed to confirm follow through negative momentum.
We look to Sell a break of 151.02 (stop at 151.62)
Our profit targets will be 149.52 and 149.32
Resistance: 151.97 / 154.73 / 155.00
Support: 150.50 / 149.96 / 148.54
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.
GBPUSD to see limited gains?GBPUSD - 24h expiry
The medium term bias remains bearish.
Price action looks to be forming a top.
The sequence for trading is lower lows and highs.
Rallies should be capped by yesterday's high.
Bespoke resistance is located at 1.2660.
We look to Sell at 1.2660 (stop at 1.2690)
Our profit targets will be 1.2585 and 1.2565
Resistance: 1.2660 / 1.2690 / 1.2725
Support: 1.2600 / 1.2565 / 1.2530
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.
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. After moving in a descending channel, the price has reached an identified 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 maintain the downward trend of the price and the price will grow up to around 1.08600. Good luck.
FTM - LONG Setup with resistance breakoutBINANCE:FTMUSDT (1D CHART) Technical Analysis Update
FTM is currently trading at $0.4322 and showing overall bullish sentiment
Current price is around the resistance zone and looking to breakout from the resistance. The resistance breakout can push the price of the FTM higher and we have a good opportunity for LONG trade
Entry level: $ 0.4517
Stop loss level: $ 0.3952
Target 1: $ 0.4688
Target 2: $ 0.4904
Target 3: $ 0.5298
Target 4: $ 0.5683
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
AUDUSD remains mixed and volatileAUDUSD - 24h expiry
The primary trend remains bearish.
The rally has posted a correction count on the daily chart.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 0.6560.
We look to Sell at 0.6560 (stop at 0.6580)
Our profit targets will be 0.6505 and 0.6470
Resistance: 0.6560 / 0.6580 / 0.6600
Support: 0.6520 / 0.6500 / 0.6470
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.
Will EURJPY bearish momentum stall?EURJPY - Intraday
Price action looks to be forming a top.
A lower correction is expected.
Short term bias is bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 163.40 level.
We look to Buy at 163.40 (stop at 162.30)
Our profit targets will be 164.40 and 164.70
Resistance: 167.35 / 168.95 / 171.20
Support: 161.90 / 160.00 / 158.70
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.
FR40 to continue in the upward move?FRA40 - 24h expiry
There is no indication that the rally is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 8250 will confirm the bullish momentum.
The measured move target is 8300.
We look to Buy at 8165 (stop at 8125)
Our profit targets will be 8265 and 8300
Resistance: 8250 / 8275 / 8300
Support: 8200 / 8175 / 8150
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.
Bitcoin and altcoin analytics(March 21-22)On Bitcoin we are trading according to yesterday's scenario. We got a full-fledged rebound and again changed the medium-term trend to upward.
Now we are in the selling zone ($67,000-$68,200), but the priority remains with the longs.
Locally we can drop to $66,400-$66,000(local buyer aggression) and continue the movement, or get a more protracted correction to the buyer's interest zone, which has shifted slightly upwards ($64,000-$62,400).
The main target now is the selling zone -$71,500-$73,000 (accumulated volume zone).
Buyer zones : $66,400-$66,000(local buyer aggression), $64,000-$62,400 (shifted buying zone), $57,200-$56,200 (small volume anomaly zone), $53,600-$53,000 (pushing volume zone).
Interesting altcoins:
ETHFIUSDT
The coin shows steady growth. Consider the strong zone $3.8-$3.6 to buy, with the aim, at least, to reach the current local high.
TRUUSDT
A coin for intraday trading. A layer of liquidations (zone $0.101-$0.105) has formed on it. When entering this zone, we look at the price reaction and open a short position, aiming to catch a correction at least to 0.09.
Nvidia in symmetrical triangle.Trade idea
NVIDIA - 48h expiry - We look to Buy at 870.50 (stop at 846.50)
As this corrective sequence continues we look to set longs on a dip at better risk/reward levels.
This has resulted in a large symmetrical triangle formation being posted on the intraday chart.
Trend line support is located at 870.
The bias is to break to the upside.
The primary trend remains bullish.
Trading close to the psychological 1000 level.
Trading has been mixed and volatile.
Our profit targets will be 930.50 and 940.50
Resistance: 905.50 / 924.08 / 938.50
Support: 890.00 / 870.00 / 850.10
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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NZDJPY : Long Trade , 4hHello traders, we want to check the NZDJPY chart. The general trend of the market is bullish and the price is making a correction to the specified support level and the bottom of the ascending channel. We see a divergence in the RSI indicator, so we expect the specified level to maintain the upward trend of the price and the price will grow to around 91.800. Good luck.
GBPUSD to find support at previous resistance?GBPUSD - 24h expiry
Previous resistance at 1.2700 now becomes support.
Offers ample risk/reward to buy at the market.
Daily signals are mildly bullish.
Bullish divergence is expected to support prices.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to Buy at 1.2700 (stop at 1.2666)
Our profit targets will be 1.2800 and 1.2820
Resistance: 1.2730 / 1.2760 / 1.2800
Support: 1.2700 / 1.2670 / 1.2650
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.