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USDJPY→ Day Analysis | Sell SetupHello Traders, here is the full analysis. Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
AUDUSD continues in a range.AUDUSD - 24h expiry Trading has been mixed and volatile. Price action has continued to range within a rectangle formation. The primary trend remains bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.6600. We look to Sell at 0.6600 (stop at 0.6624) Our profit targets will be 0.6540 and 0.6520 Resistance: 0.6600 / 0.6630 / 0.6660 Support: 0.6540 / 0.6510 / 0.6480 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
AUD/USD’s bumpy ride to continueAUD/USD started 2024 strong, above 0.68 after a nearly 4% rally in December. However, the exchange rate soon ran into trouble and reversed this rally. I maintain the Q1 and Q4 forecasts for AUD/USD of 0.68 and 0.72 respectively. While there is a further repricing of the Fed, which will weigh on the exchange rate, investors will also push back expectations for RBA rate cuts, and I think we are getting close to peak investor pessimism towards China’s economy. Are we close to peak China pessimism? Iron prices rallied strongly into year-end and took AUD/USD along with them.. Industry watchers put the rally down to restocking from low levels of inventories ahead of the Australian cyclone season and potential supply interruptions. There were also newswire reports of steel makers operating at losses to boost employment and in anticipation of larger stimulus for the beleaguered residential property sector. The RBA vs the Fed The RBA was a gentler rate hiker than the Fed. This, along with China’s weak recovery has contributed to a downtrend in AUD/USD after the pandemic even as global equity markets and commodity prices have rallied. I think the game changer for AUD/USD during 2024 will be the relative Australian and US monetary policy outlooks. Looser fiscal and monetary policy Down Under Australia is also undergoing a further loosening in fiscal policy in the coming six months. The Stage 3 tax cuts have been a known quantity since the general election in H122. Both major parties went to the polls with them as part of their policy manifestos. The tax cuts were to unify the 32% and 37% income tax brackets for annual incomes between AUD45-200k into a single 30% bracket starting 1 July. The Stage 3 tax cuts were equivalent to about 50bp worth of RBA rate cuts, according to some economists’ estimations. This assumes a significant proportion of them were going to be saved by higher income groups. These factors will have two implications for the relative monetary policy paths of Australia and the US: (1) the Fed will be able to cut rates sooner than the RBA; and (2) the Fed will cut rates more than the RBA. So, I expect a rise in the Australian-US short-term rates spread in 2024 to give the AUD/USD a lift. Follow for more updates on the FOREX and STOCK market:
Long
by Elite_Forex
GBPAUD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
VST Entry, Volume, Target, StopEntry: with price above 36.50 Volume: with volume greater than average. Normally I would say greater than the volume from the previous high, in this case 6.032M, but given that volume is from earnings, that is unlikely. The more volume the better. Target: 39.19 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages. Stop: Depending on your risk tolerance; Based on an entry of 36.51, 35.62 gets you 3/1 Reward to Risk Ratio. For a higher risk and higher reward trade, enter when price breaks above 35.31 (high from Nov 16) and set your stop below the entry day or day before entry day candle, or wherever your normal risk tolerance allows. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:VSTLong
by tradepatiently
NVDA Entry, Volume, Target, StopEntry: with price above 505.48 Volume: with volume greater than 41.61M Target: 590.09 area. this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. YoU might also considering holding some portion of the trade longer as price closes above significant moving averages. Stop: Depending on your risk tolerance; Based on an entry of 505.49, 477.25 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:NVDALong
by tradepatiently
Nikkei to find buyers at market?NIK225 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. Price action looks to be forming a bottom. The primary trend remains bullish. We look to buy dips. We look to Buy at 35980 (stop at 35760) Our profit targets will be 36530 and 36630 Resistance: 37020 / 37940 / 38415 Support: 35730 / 35045 / 34565 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:JP225YJPYLong
by OANDA
NZDUSD to find sellers at market?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 0.6075 will confirm the bearish momentum. The measured move target is 0.6025. We look to Sell at 0.6100 (stop at 0.6130) Our profit targets will be 0.6025 and 0.6000 Resistance: 0.6100 / 0.6115 / 0.6130 Support: 0.6075 / 0.6050 / 0.6025 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 buyers at market?GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. The preferred trade is to buy on dips. We look to Buy at 1.2725 (stop at 1.2693) Our profit targets will be 1.2805 and 1.2825 Resistance: 1.2785 / 1.2825 / 1.2870 Support: 1.2725 / 1.2700 / 1.2655 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 NZDUSD continue in the downward move?NZDUSD - 24h expiry Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 0.6100 will confirm the bearish momentum. The measured move target is 0.6050. We look to Sell at 0.6125 (stop at 0.6149) Our profit targets will be 0.6065 and 0.6050 Resistance: 0.6125 / 0.6135 / 0.6150 Support: 0.6100 / 0.6075 / 0.6050 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
Gold remains mixed and volatile.Gold - 24h expiry A Doji style candle has been posted from the high. Price action looks to be forming a top. The 200 day moving average should provide resistance at 2034.94. 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 for a temporary move higher. Preferred trade is to sell into rallies. We look to Sell at 2030.10 (stop at 2042.10) Our profit targets will be 2000.10 and 1992.10 Resistance: 2032.10 / 2084.45 / 2121.70 Support: 2004.20 / 1984.70 / 1947.45 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
BTCUSD - Daily + Weekly ViewFirst thing I notice when looking at the daily chart, is the divergence with RSI and price action. Then I can also see we had a breakout below the ascending support. Now when I take a look at the weekly chart, this is what I see. The weekly timeframe definitely shows that the bullish momentum has stalled out. Indications of that include; RSI held below 70 along with a relatively strong bearish rejection candle. This leaves me to now believe there is a chance of a correction perhaps down towards the 37k handle as pointed out on the chart. For all of the above mentioned reasons, it doesn't make sense for me to hold my long positions and I'm looking for shorting opportunities. That's it - That's all Trade Safe
BITSTAMP:BTCUSDShort
by Michael_Harding
AUDUSD 5:1 R2R Trade IdeaWith everything going on, I'm looking to enter at 0.6585 with a stop loss just below the last 4hr candle's low. I do have a target set at 0.6678 giving this trade idea a 5:1 risk-2-reward. Reasons why I like this trade include: 1. Economic Calendar forecasts this week are for negative US data 2. Technically on the 4hr, RSI closed above 50 following a hammer + bullish engulfing. 3. Last week equity market closed for the week at all time highs once again. I believe we may see some further bullish strength this week in equities which could add some strength to the risk-on currency pairs such as the AUD, CAD, & NZD .
Long
by Michael_Harding
USDCHF to see a higher correction from 38.2% pullback?USDCHF - 24h expiry Levels close to the 38.2% pullback level of 0.8682 found sellers. Rallies should be capped by yesterday's high. Daily signals are mildly bearish. Short term MACD is moving lower. A higher correction is expected. We look to Sell at 0.8685 (stop at 0.8715) Our profit targets will be 0.8610 and 0.8580 Resistance: 0.8650 / 0.8685 / 0.8700 Support: 0.8633 / 0.8620 / 0.8600 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
Will Gold continue to be dominated by selling pressure?Gold - 24h expiry Selling pressure dominated price action yesterday and we expect this to continue today. We are trading at oversold extremes. A higher correction is expected. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 2033.50 level. We look to Sell at 2032.80 (stop at 2044.80) Our profit targets will be 2002.80 and 1996.80 Resistance: 2084.45 / 2120.70 / 2140.20 Support: 2004.20 / 1984.70 / 1947.45 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
Will US2000 find buyers at market?US2000 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 1924. Preferred trade is to buy on dips. We look to Buy at 1925 (stop at 1905) Our profit targets will be 1975 and 2010 Resistance: 2010 / 2080 / 2110 Support: 1865 / 1820 / 1775 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:US2000USDLong
by OANDA