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AUDJPY to find buyers at market?AUDJPY - 24h expiry Reverse trend line support comes in at 97.00. Further upside is expected. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move through 97.25 will confirm the bullish momentum. The measured move target is 98.00. We look to Buy at 97.00 (stop at 96.60) Our profit targets will be 98.00 and 98.50 Resistance: 97.50 / 98.00 / 98.50 Support: 97.00 / 96.75 / 96.00 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
GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD 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
EURNZD remains in a slight uptrend.EURNZD - Intraday Risk/reward is ample to call a buy trade. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our short term bias remains positive. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Levels close to the 50% pullback level of 1.7560 found buyers. 20 4hour EMA is at 1.7570. We look to Buy at 1.7560 (stop at 1.7504) Our profit targets will be 1.7700 and 1.7735 Resistance: 1.7600 / 1.7646 / 1.7662 Support: 1.7560 / 1.7545 / 1.7517 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 continue in the upward move?EURAUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. The RSI is trending higher. Risk/Reward would be poor to call a buy from current levels. A move through 1.6450 will confirm the bullish momentum. We look to Buy at 1.6410 (stop at 1.6370) Our profit targets will be 1.6510 and 1.6535 Resistance: 1.6450 / 1.6490 / 1.6500 Support: 1.6425 / 1.6415 / 1.6400 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
FR40EUR to find sellers at market levels?FR40EUR - 24h expiry There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. Short term RSI is moving lower. A move through 7400 will confirm the bearish momentum. The measured move target is 7350. We look to Sell at 7450 (stop at 7490) Our profit targets will be 7350 and 7330 Resistance: 7450 / 7475 / 7490 Support: 7400 / 7370 / 7350 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:FR40EURShort
by OANDA
FTSE to find buyers at market price?UK100GB - 24h expiry The correction lower is assessed as being complete. Further upside is expected. Short term RSI has turned positive. A move through 7725 will confirm the bullish momentum. The measured move target is 7775. We look to Buy at 7710 (stop at 7670) Our profit targets will be 7810 and 7830 Resistance: 7725 / 7750 / 7775 Support: 7700 / 7685 / 7675 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:UK100GBPLong
by OANDA
US500 to turnaround?SPX500USD - 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. The primary trend remains bullish. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. We look to buy dips. We look to Buy at 4682 (stop at 4660) Our profit targets will be 4737 and 4757 Resistance: 4750 / 4820 / 4920 Support: 4610 / 4500 / 4415 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:SPX500USDLong
by OANDA
Will US500 suppress the early optimism?US500 - Intraday Previous support level of 4700 broken. Short term bias has turned negative. We are trading at oversold extremes. We look for a temporary move lower. Preferred trade is to sell into rallies. - We look to Sell at 4700 (stop at 4729) Our profit targets will be 4645 and 4615 Resistance: 4750 / 4820 / 4920 Support: 4610 / 4500 / 4415 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
EURCHF intraday rallies continue to attract sellers.EURCHF - Intraday Price action continued to range between key support & resistance (0.9255 - 0.9323) and we expect this to continue. The bias is to break to the downside. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.9323. There is no clear indication that the downward move is coming to an end. We look to Sell at 0.9323 (stop at 0.9347) Our profit targets will be 0.9263 and 0.9253 Resistance: 0.9310 / 0.9325 / 0.9345 Support: 0.9300 / 0.9280 / 0.9255 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
EURNZD intraday rallies continue to attract sellers.EURNZD - 24h expiry Daily signals are bearish. 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. Bespoke resistance is located at 1.7520. Expect trading to remain mixed and volatile. We look to Sell at 1.7518 (stop at 1.7578) Our profit targets will be 1.7368 and 1.7338 Resistance: 1.7450 / 1.7470 / 1.7520 Support: 1.7397 / 1.7350 / 1.7300 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 see a limited rally?USDJPY - 24h expiry The medium term bias remains bearish. Trading within the Channel formation. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. We look to Sell at 143.25 (stop at 143.85) Our profit targets will be 141.75 and 141.35 Resistance: 143.25 / 143.75 / 144.50 Support: 142.25 / 141.50 / 140.60 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
US30 Simple 3:1 ScalpRSI on the 15 min timeframe is now back above 30 suggesting we may see a short-term bottom. With that said, I mapped out a 3.62:1 R2R setup. Important note when taking my trading recommendations is to always move SL to breakeven once in profit by 25 points with the US30 and then apply a trailing SL to the target. This helps manage to manage risk in the event price-action doesn't reach the desired target. Feel free to send me a DM if you need assistance. == COMMENT == LIKE == SHARE ==
BLACKBULL:US30Long
by Michael_Harding
1
Gold to continue in the upward move?Gold - 24h expiry Price action continues to trade around the all-time highs. Trading volume is increasing. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. 20 4hour EMA is at 2068.3. Preferred trade is to buy on dips. There is no clear indication that the upward move is coming to an end. We look to Buy at 2067.5 (stop at 2053.5) Our profit targets will be 2102.5 and 2112.5 Resistance: 2076.8 / 2088.5 / 2100.0 Support: 2065.0 / 2058.3 / 2050.0 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:XAUUSDLong
by OANDA
Cad/Jpy bounce backTrade Idea for CADJPY Bias: Very Bullish Overall Score: 9 Commitment of Traders (COT) Bias: 3 Institutional traders are showing a robust bullish sentiment towards CADJPY, indicating a forecast of continued upside. Retail Sentiment: 1 Retail traders appear to be bearish on CADJPY. Given the tendency for retail traders to often be on the losing side, their bearish sentiment serves as a contrarian bullish signal for us, supporting our bullish view. Seasonality: 1 Current seasonal trends favor a bullish momentum for CADJPY. Trend Reading: 2 CADJPY is on an upward trajectory, further underscoring the bullish momentum. GDP Growth: -1 A slight negative in GDP growth, but the dominant bullish indicators more than compensate for this. Inflation: 2 Inflation metrics are aligning favorably, adding to the bullish outlook. Unemployment: 0 Unemployment figures are neutral and do not sway our primary bullish perspective. Interest Rates: 1 Interest rate dynamics are pointing to CADJPY strength. Additional Factor: Increasing Oil Prices Canada's role as a major oil exporter means rising oil prices often buoy the CAD. This backdrop solidifies our bullish stance on CADJPY. Conclusion: With a mix of strong bullish indicators, particularly the COT bias, retail sentiment (considered contrarily), trend direction, and rising oil prices, CADJPY appears poised for bullish movement. LIKE and FOLLOW to stay updated for more ideas like this
Long
by Elite_Forex
EURAUD continues to hold back the bears.EURAUD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.6150. 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 1.6225 will confirm the bullish momentum. We look to Buy at 1.6190 (stop at 1.6154) Our profit targets will be 1.6280 and 1.6300 Resistance: 1.6250 / 1.6285 / 1.6300 Support: 1.6200 / 1.6175 / 1.6150 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