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EURNZD intraday dips continue to attract buyers.EURNZD - 24h expiry Bespoke support is located at 1.8000. A lower correction is expected. We look to buy dips. Expect trading to remain mixed and volatile. Daily signals are mildly bullish. We look to Buy at 1.7995 (stop at 1.7955) Our profit targets will be 1.8095 and 1.8125 Resistance: 1.8050 / 1.8090 / 1.8109 Support: 1.8000 / 1.7980 / 1.7935 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
GBPAUD to continue in the downward move?GBPAUD - 24h expiry The medium term bias remains bearish. A higher correction is expected. Bullish divergence is expected to support prices. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9220. We look to Sell at 1.9220 (stop at 1.9270) Our profit targets will be 1.9100 and 1.9070 Resistance: 1.9220 / 1.9260 / 1.9315 Support: 1.9140 / 1.9085 / 1.9030 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
1
DAX to find buyers at yesterday's Marabuzo?GER40 - 24h expiry Yesterday's Marabuzo is located at 18065. Short term bias has turned positive. Risk/Reward would be poor to call a buy from current levels. The primary trend remains bullish. Preferred trade is to buy on dips. We look to Buy at 18065 (stop at 17965) Our profit targets will be 18315 and 18395 Resistance: 18234 / 18300 / 18400 Support: 18200 / 18100 / 18000 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:DE30EURLong
by OANDA
NZDUSD to turnaround?NZDUSD - 24h expiry Price action looks to be forming a bottom. Price action has continued to trend strongly lower and has stalled at the previous support near 0.5875. A move through 0.5925 will confirm the bullish momentum. The measured move target is 0.6000. The RSI is trending higher. We look to Buy at 0.5925 (stop at 0.5895) Our profit targets will be 0.5995 and 0.6000 Resistance: 0.5950 / 0.5980 / 0.6000 Support: 0.5925 / 0.5900 / 0.5880 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
Beginning of Tuesday's trading.. Forex markets 😼Hello traders.. EurUsd is about 87 pips from our monthly support level at 1.057.. not too far. The closest we've come was last Tuesday during the hawkish fed speech. Protecting against higher inflation is indeed important and slowing down economic growth as a result may be the only way. The weekly candle is back to being at Break even. The Daily candle today closed slighty bearish, a doji candle really. We went down during London and retraced the move back p during NY session. TheLow of the day was 4 minutes after New York stock exchange open. We saw a nice continuation of momentum with the new NY 4hr candle, to follow London bearish momentum. However, this was short lived as 1hr candles never quite managed to dig below the 1.06336 weekly support level. It's safe to say at this point that we are ranging and the volatility this week has been low.. but I suppose it's only Monday. End of Monday and around Asian session to begin Tuesday's trading has a tendency to be a turning point in the market for a good run.. How far? not sure.. maybe we can see 30-40 pips down to structural lows and around the weekly level 1.06336 and the Daily level 1.06184. If price pulls up higher, 1.067 could bbe a good entry point for either a small scalp or longer hold back to structural lows as we jsut mentioned. Pay attention to how candles interact with 1.065.. this will give us hints about further direction.
Short
by ShrewdCatfx
Palladium to find buyers at current dip?Palladium - 24h expiry Selling was posted yesterday but levels close to bespoke support of 1000 have found buyers. 1000.2 has been pivotal. We look to buy dips. Daily signals are mildly bullish. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We look to Buy at 1005.5 (stop at 985.5) Our profit targets will be 1055.5 and 1065.5 Resistance: 1032.1 / 1051.4 / 1060.0 Support: 1015.0 / 1000.2 / 984.5 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:XPDUSDLong
by OANDA
EURUSD : Short Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in a descending channel and after a heavy drop it is moving in a range. We expect that if the price pulls back to the specified resistance level around the price of 1.07000, this level will maintain the downward trend of the price and the price will have a fall to around 1.06100. If the price can break this level, the second target will be the specified support level, i.e. around the price of 1.05300. Good luck.
Short
by mrAT_Trader
3
USD strength on Fear surrounding Israel Airstrikes 🗒️Hello traders.. Unfortunately, as War Conflict continues in the Middle east, the USD is feeding on the Fear and Uncertainty by acting as a safe haven during the final Asian session of the week. Earlier & During NY today, roughly 20 minutes before NYSE open, at price 1.06638, I created an update to our previous EurUsd Analysis. I mentioned that price may instead be retracing back towards 1.06345. The reasons were clean traffic to the left on the 1hr/4hr, the bearish 4hr candle close(that engulfed the 3 previous 4hr candles), 1hr resistance zone 1.06855 was respected during London Open, and most importantly perhaps was that we created a bearish scenario for a selloff prior to it occuring--> price may close below 1.0669 1hr support zone & do a retest before heading down. This is exactly the scenario that played out. Now here we find oursleves back at the lows of structure and the weekly candle is about break even. No news for the remianing sessions. Anticpating some clean price action to end the week.. Where? Bears need to get past the daily support level at 1.06184 and I dont see that happening tbh bc no red folder data. I can see us ranging and being choppy on this friday so beware. We may increase back to 1.0605 1hr resistance zone for a bullish scenario
by ShrewdCatfx
1
Are Eur/Usd Bulls done yet? 📰Hello traders.. we have another analysis here outlining potential scenarios for intra-day trading EurUsd. Look for 1hr candle closures outside 1.06855 1hr resistance zone and 1.0669 1hr support zone. Look at those ranges we could potentially trade .. up to 1.0712 or if we go down then 1.06345. We have no major news releases left this week except for unemployment claims in the next session.. forecasted to increase slightly and I don't expect any major volatility from this... if anything maybe boost in the direction of the preceding trend leading up to it. I'm looking at higher prices for the next sessions as 1 I made a long analysis on Sunday and we are up since then.. 2 the low of the week coincided with the fed speech on tuesday's NY session.. 3 the daily candle just closed strongly bullish for EurUsd with a wick to fill & bullish momentum. 4 Yes stock markets are getting beat up, signaliing risk-off USD strength sentiment but bond yields on the 10 year were up like 3.5% on the week and are now up 1% as we've had some very strong bullish momentum the past few weeks.
Long
by ShrewdCatfx
EURNZD to find buyers at previous swing high?EURNZD - 24h expiry Short term bias has turned positive. Posted a Double Bottom formation. Offers ample risk/reward to buy at the market. Daily signals are bullish. Previous resistance at 1.7970 now becomes support. We look to Buy at 1.7975 (stop at 1.7939) Our profit targets will be 1.8065 and 1.8095 Resistance: 1.8000 / 1.8045 / 1.8090 Support: 1.7978 / 1.7955 / 1.7920 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
NZDUSD to continue in the downward move?NZDUSD - 24h expiry Daily signals are bearish. Preferred trade is to sell into rallies. Our outlook is bearish. We look for a temporary move higher. 20 4hour EMA is at 0.5932. The lack of interest is a concern for bulls. We look to Sell at 0.5930 (stop at 0.5956) Our profit targets will be 0.5865 and 0.5850 Resistance: 0.5896 / 0.5920 / 0.5935 Support: 0.5974 / 0.5960 / 0.5940 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
EURJPY to see a temporary move higher?EURJPY - 24h expiry Price action looks to be forming a top. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 165.00 (stop at 165.50) Our profit targets will be 163.80 and 163.50 Resistance: 165.35 / 167.35 / 168.95 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.
Short
by OANDA
GBPUSD trading sequence is lower highs and lows.GBPUSD - 24h expiry The medium term bias remains bearish. Trading within a Bearish Channel formation. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.2615. We look to Sell at 1.2615 (stop at 1.2655) Our profit targets will be 1.2515 and 1.2480 Resistance: 1.2615 / 1.2665 / 1.2700 Support: 1.2515 / 1.2480 / 1.2445 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
Has the Market Priced In CPI Data? 🔕As we enter the 5th trading session of the week, The monthly candle and weekly candles are still bullish. The Daily candle closed bullish to begin the week(Monday) and it appears that the market has possibly priced in the not-so-great data forecasted to be released on Wednesday. The Euro went up on a Monday with inflation forecasted to increase for the USD on Wednesday. Maybe we will continue to ascend on EurUsd as the market shrugs off increasing inflation for the USD. This doesnt make sense to me because the USD is a safe haven in times of uncertainty. I'm anticpating that this early push to higher prices early in the week is a discount as the price for EU will be alot lower to end the week(like 1.0805 4hr level or 1.0771 weekly level) And this will be a 2nd consecutive month where inflation increases. The last time we had 2 consecutive months where (USD) CPI increased was September 23' and July 22'. More details below.. make sure to check out the snapshots! July 22' CPI(for June22') increase for 2 months in a row.. price dropped 100 pips the next day , pulled bac 315 pips the next 19 daily candles before dropping 750 pips across the next 34 daily candles Sept 23' CPI release (For Aug23') increase for 2 months in a row.. EU went down 280 pips in the next 13 daily candles
Short
by ShrewdCatfx
Cosmos (ATOMUSD): Awaiting a Deep DiveCosmos (ATOMUSD): BINANCE:ATOMUSD For Atom, we've had to adjust our limit order and counting as we observed an additional rise that did not fit into our initial analysis. This necessitates shifting our positioning of Wave (3) upwards. We are still within the ideal range of the 361.8% extension. Following this, we witnessed Wave (4) and an impulsive Wave (5) upwards, succeeded by a minor downward consolidation. In the coming days, we definitely expect to form a Wave (B) and then a Wave (C), although their precise locations are currently unclear. We lean towards expecting a Flat structure, typically between 100% and 138%; anything beyond would be excessive. Assuming that Wave (A) has reached its bottom at the current level, and if we break out significantly above $15.17, we will need to reassess the entire scenario. Until then, we anticipate seeing a three-part downward correction before reaching Wave (C) and thus completing Wave (ii). This Wave (ii) should find its absolute support at the 78.6% level and its associated support zone. Depending on the position of Wave (ii), we then expect a minimum rise for the subordinate Wave (iii) to at least $21. However, in the days or weeks to come, we should still anticipate another significant downward movement after having developed the Wave (B) upwards.
CRYPTO:ATOMUSDLong
by freeguy_by_wmc
2