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EURGBP to find sellers at market price?EURGBP - Intraday The primary trend remains bearish. Our short term bias remains negative. Preferred trade is to sell into rallies. 20 1day EMA is at 0.8338. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look to Sell at 0.8338 (stop at 0.8362) Our profit targets will be 0.8278 and 0.8268 Resistance: 0.8320 / 0.8345 / 0.8370 Support: 0.8307 / 0.8290 / 0.8260 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
NZDUSD to continue in the downward move?NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.5850 will confirm the bearish momentum. We look to Sell at 0.5890 (stop at 0.5920) Our profit targets will be 0.5815 and 0.5800 Resistance: 0.5900 / 0.5920 / 0.5925 Support: 0.5850 / 0.5815 / 0.5800 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
UK100GB to see a limited rally?UK100 - 24h expiry Price action looks to be forming a bottom. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. Rallies continue to attract sellers. Further downside is expected although we prefer to sell into rallies close to the 8095 level. We look to Sell at 8095 (stop at 8171) Our profit targets will be 7943 and 7780 Resistance: 8110 / 8170 / 8230 Support: 7920 / 7780 / 7710 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:UK100GBPShort
by OANDA
ASX to find sellers at market price?ASX200 - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot resistance is at 8225. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 8175 will confirm the bearish momentum. Our profit targets will be 8150 and 8125 We look to Sell at 8225 (stop at 8265) Resistance: 8200 / 8225 / 8250 Support: 8175 / 8150 / 8125 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:AU200AUDShort
by OANDA
NZDUSD forming a bottom?NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot support is at 0.5925. We expect a reversal in this move. A move through 0.5950 will confirm the bullish momentum. The measured move target is 0.6050. We look to Buy at 0.5925 (stop at 0.5885) Our profit targets will be 0.6025 and 0.6050 Resistance: 0.5950 / 0.6000 / 0.6050 Support: 0.5925 / 0.5900 / 0.5875 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
EURGBP to find sellers at previous resistance?EURGBP - Intraday Previous resistance located at 0.8350. The lack of interest is a concern for bulls. We look for a temporary move higher. Preferred trade is to sell into rallies. We are trading at overbought extremes. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.8345 (stop at 0.8367) Our profit targets will be 0.8290 and 0.8275 Resistance: 0.8325 / 0.8350 / 0.8375 Support: 0.8306 / 0.8295 / 0.8280 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 SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD 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 🤝
Short
by TheGrove
2
NZDJPY to breakdown?NZDJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. Bearish divergence is expected to cap gains. A lower correction is expected. We look to Sell a break of 92.10. We look to Sell a break of 92.10 (stop at 92.50) Our profit targets will be 91.10 and 90.85 Resistance: 92.50 / 92.80 / 93.20 Support: 92.00 / 91.60 / 90.90 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 forming a bottom?GBPUSD - 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. Posted a Double Bottom formation. Preferred trade is to buy on dips. Bespoke support is located at 1.2865. We look to Buy at 1.2865 (stop at 1.2825) Our profit targets will be 1.2965 and 1.2985 Resistance: 1.3020 / 1.3060 / 1.3100 Support: 1.2860 / 1.2830 / 1.2800 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 turnaround?NZDUSD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 0.5925. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.5975 will confirm the bullish momentum. The measured move target is 0.6025. We look to Buy at 0.5925 (stop at 0.5893) Our profit targets will be 0.6005 and 0.6020 Resistance: 0.5975 / 0.6000 / 0.6025 Support: 0.5925 / 0.5900 / 0.5875 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
EURAUD to turnaround?EURAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for a temporary move lower. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6500. We look to Sell at 1.6500 (stop at 1.6550) Our profit targets will be 1.6380 and 1.6350 Resistance: 1.6500 / 1.6550 / 1.6600 Support: 1.6400 / 1.6350 / 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.
Short
by OANDA
EURGBP to attract buyers at market price?EURGBP - 24h expiry Yesterday's Marabuzo is located at 0.8412. The primary trend remains bearish. Preferred trade is to sell into rallies. Trading has been mixed and volatile. We look for a temporary move higher. We look to Sell at 0.8412 (stop at 0.8434) Our profit targets will be 0.8357 and 0.8347 Resistance: 0.8397 / 0.8420 / 0.8448 Support: 0.8369 / 0.8353 / 0.8340 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
DAX to attract sellers at market price?GER40 - Intraday 4 negative daily performances in succession. Short term bias has turned negative. Preferred trade is to sell into rallies. Yesterday's Marabuzo is located at 19161. Expect trading to remain mixed and volatile. 20 4hour EMA is at 19235. We look to Sell at 19215 (stop at 19315) Our profit targets will be 18965 and 18905 Resistance: 19100 / 19200 / 19300 Support: 19003 / 18900 / 18800 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:DE30EURShort
by OANDA
CN50 to find buyers at previous swing low?CHN50 - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot support is at 13000. Risk/Reward would be poor to call a buy from current levels. A move through 13500 will confirm the bullish momentum. The measured move target is 14250. We look to Buy at 13000 (stop at 12680) Our profit targets will be 13800 and 14050 Resistance: 13500 / 14000 / 14250 Support: 13250 / 13000 / 12750 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:CN50USDLong
by OANDA
EURGBP to find sellers at market price?EURGBP - 24h expiry The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Selling spikes offers good risk/reward. 20 1day EMA is at 0.8343. We look to Sell at 0.8355 (stop at 0.8375) Our profit targets will be 0.8290 and 0.8280 Resistance: 0.8322 / 0.8340 / 0.8352 Support: 0.8315 / 0.8295 / 0.8280 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
AUDUSD to bounce from oversold extremes?AUDUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Bullish divergence is expected to support prices. Previous support at 0.6585 now becomes resistance. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. We look to Buy a break of 0.6585 (stop at 0.6560) Our profit targets will be 0.6645 and 0.6660 Resistance: 0.6620 / 0.6660 / 0.6720 Support: 0.6560 / 0.6530 / 0.6500 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
ETH: Maybe up? Maybe down?I painted the May '24 breakout pretty well. This was the breakout running into the ETF approval. Buy the Rumor. Sell the news event. And ETH has been selling off ever since. All considered, ETH seem to be setting a trend of higher lows as it's attempting to break the trend. Either way, it will break this consolidation sooner or later. ETH/BTC is the important chart to keep an eye on. BTC could rips to the upside (as it often does) and ETH would sell off on the ETH/BTC pair. Not all bad. BTC profits often rotate into ETH gains. Just like the good old days. BTC Gains --> ETH BOOM! Take profits.
GEMINI:ETHUSDLong
by BitInfo12
4
NZDUSD to continue in the downward move?NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. 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 0.5975 will confirm the bearish momentum. The measured move target is 0.5925. We look to Sell at 0.6000 (stop at 0.6020) Our profit targets will be 0.5950 and 0.5925 Resistance: 0.6000 / 0.6025 / 0.6035 Support: 0.5950 / 0.5930 / 0.5925 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
AU200 to continue in the downward move?ASX200 - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 8200 will confirm the bearish momentum. We look to Sell at 8240 (stop at 8280) Our profit targets will be 8140 and 8125 Resistance: 8240 / 8250 / 8275 Support: 8200 / 8140 / 8125
OANDA:AU200AUDShort
by OANDA
SPX to turnaround?US500 - 24h expiry Broken out of the wedge to the downside. The formation has a measured move target of 5773. An overnight positive theme in Equities has led to a higher open this morning. Expect trading to remain mixed and volatile. The sequence for trading is lower lows and highs. We look to Sell at 5847 (stop at 5865) Our profit targets will be 5802 and 5792 Resistance: 5845 / 5847 / 5857 Support: 5815 / 5800 / 5785 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:SPX500USDShort
by OANDA