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USDCHF to breakdown?USDCHF - Intraday The bearish engulfing candle on the 4 hour chart is negative for sentiment. 0.8999 has been pivotal. A break of bespoke support at 0.9000, and the move lower is already underway. We look for losses to be extended today. A higher correction is expected. We look to Sell a break of 0.8998 (stop at 0.9030) Our profit targets will be 0.8918 and 0.8908 Resistance: 0.9030 / 0.9050 / 0.9070 Support: 0.9000 / 0.8970 / 0.8945 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 turnaround from the downtrend?NZDUSD - 24h expiry Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 0.6050 will confirm the bullish momentum. The measured move target is 0.6100. We look to Buy at 0.6020 (stop at 0.5992) Our profit targets will be 0.6090 and 0.6105 Resistance: 0.6050 / 0.6090 / 0.6100 Support: 0.6025 / 0.6020 / 0.6000 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
1
GBPJPY to find support at previous resistance?GBPJPY - 24h expiry The primary trend remains bullish. A lower correction is expected. Previous resistance level of 191.55 broken. Bespoke support is located at 191.35. Preferred trade is to buy on dips. We look to Buy at 191.35 (stop at 190.85) Our profit targets will be 192.55 and 192.85 Resistance: 192.35 / 193.00 / 193.50 Support: 191.35 / 190.85 / 190.25 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
WILL XAUUSD REBOUND FROM 2300 ? 💼✨Embark on a Golden Odyssey! 💫💎✨ 🔥 Attention, savvy traders! Prepare to plunge into the radiant realm of GOLD! 💫 With XAUUSD taking center stage, let's navigate the twists and turns of this captivating market. 💰📈 🌐 As the golden bull charges ahead, shattering records like never before, it's crucial to remain alert amidst the whirlwind of opportunities. 📊💥 But fret not! Within the narrow confines of 2302.50 to 2294.50 lies both caution and potential. 🚀🔒 🔮 Peer into the crystal ball, and you'll catch a glimpse of the potential for an exhilarating downward correction. Yet, in this dance of fortunes, lies the essence of trading wizardry! 🌈✨ 📈 Envision this: A daring breach above the range could ignite a frenzy of buying, propelling us to the lofty peaks of 2310.50 . Conversely, if we descend below, seize the opportunity to sell and gracefully ride the waves down to 2287 and 2275. 📉🚀 🤓 Your journey through this analysis isn't just informative; it's actionable! 🚀 Let your support amplify these vibes, and remember, trade smart, trade safe. 💡✅ ✌️ Until we meet again, may your trades be bountiful and your path adorned with triumph! 🌍💫💰
OANDA:XAUUSDShort
by nathimafxreal
EURAUD resistance continues to cap gains.EURAUD - 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 1.6560. We look to Sell at 1.6560 (stop at 1.6596) Our profit targets will be 1.6470 and 1.6450 Resistance: 1.6560 / 1.6590 / 1.6630 Support: 1.6500 / 1.6460 / 1.6420 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 find resistance at the current market level?EURJPY - 24h expiry We are trading at overbought extremes. Our short term bias remains negative. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Weekly pivot is at 163.55. We look to Sell at 163.55 (stop at 164.05) Our profit targets will be 162.65 and 162.45 Resistance: 164.30 / 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
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.
Short
by OANDA
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.
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. Further downside is expected. Short term RSI has turned negative. A move through 0.5925 will confirm the bearish momentum. The measured move target is 0.5890. We look to Sell at 0.5960 (stop at 0.5984) Our profit targets will be 0.5900 and 0.5890 Resistance: 0.5950 / 0.5965 / 0.5990 Support: 0.5925 / 0.5900 / 0.5890 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
AUDJPY to find buyers at market price?AUDJPY - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 98.60. Price action looks to be forming a bottom. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 99.00 will confirm the bullish momentum. We look to Buy at 98.60 (stop at 98.32) Our profit targets will be 99.30 and 99.50 Resistance: 99.00 / 99.10 / 99.25 Support: 98.60 / 98.50 / 98.35 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
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.
Short
by OANDA
NZDJPY to continue in the downward move?NZDJPY - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. We have a 50% Fibonacci pullback level of 90.85 from 91.25 to 90.20. Preferred trade is to sell into rallies. Bespoke resistance is located at 90.80. We look to Sell at 90.80 (stop at 91.10) Our profit targets will be 90.05 and 89.90 Resistance: 90.80 / 91.10 / 91.40 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.
Short
by OANDA
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.
Short
by OANDA
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.
Short
by OANDA
GBPAUD to continue in the downward move?GBPAUD - 24h expiry Price action has continued to range within a rectangle formation. A lower correction is expected. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9385. We look to Sell at 1.9385 (stop at 1.9425) Our profit targets will be 1.9285 and 1.9265 Resistance: 1.9385 / 1.9435 / 1.9490 Support: 1.9285 / 1.9230 / 1.9175 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
Litecoin (LTC): Target 1 hit! ...what's next?Hi Traders! The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some corrective structure in the near term, but if it happens it should be considered as a Buy Opportunity. As we can see on the daily chart, we are approaching the first major resistance around 108 area, if it wants to break it, it should do so within a couple of sessions. Litecoin Setup (Part. I) ====================== Trade with care Like | Share | Comment
BINANCE:LTCUSD.PLong
by TheAnonymousBanker
NZDUSD to turnaround?NZDUSD - 24h expiry We are trading at oversold extremes. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6010 will confirm the bullish momentum. The measured move target is 0.6035. We look to Buy at 0.5990 (stop at 0.5968) Our profit targets will be 0.6045 and 0.6060 Resistance: 0.6010 / 0.6030 / 0.6035 Support: 0.6000 / 0.5990 / 0.5975 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
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.
Short
by OANDA
EURUSD - Likely to ConsolidateTo start the week, this pair continues to consolidate above the 1.08 handle amid mixed market sentiment from last week. On the 15 min timeframe I placed two areas of interest (aoi) with horizontal lines. Should price action reach either of those lines within the next 2 trading sessions, I'll take look to see if there's a low risk trade. Continued talks of lowering interest rates this year could weigh on the US dollar. This Friday is a holiday, (Good Friday) however we do have the month's end PCE report which may cause this pair to continue it's sideways motion.
by Michael_Harding
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.
Long
by OANDA
GBPAUD to stall at previous swing high?GBPAUD - 24h expiry Continued upward momentum from 1.9380 resulted in the pair posting net daily gains yesterday. A Fibonacci confluence area is located at 1.9100. Selling spikes offers good risk/reward. Bespoke resistance is located at 1.9537. There is scope for mild buying at the open but gains should be limited. Intraday signals are far from strong. We look to Sell at 1.9537 (stop at 1.9587) Our profit targets will be 1.9417 and 1.9387 Resistance: 1.9537 / 1.9570 / 1.9972 Support: 1.9400 / 1.9277 / 1.9100 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 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.
Long
by OANDA
NZDJPY to continue in the downward move?NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a sell from current levels. A move through 90.60 will confirm the bearish momentum. The measured move target is 90.40. We look to Sell at 91.00 (stop at 91.25) Our profit targets will be 90.35 and 90.15 Resistance: 90.75 / 91.00 / 91.25 Support: 90.50 / 90.40 / 90.25 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