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VRAUSDT Looking Severely OverboughtA potential Reversal on VRAUSDT is imminent as things are looking incredibly overbought at the moment. To further back the point of a potential reversal, Bitcoin, which leads the crypto market, is also looking oversold. On higher timeframes, a reversal has not been signaled yet, but things are also looking oversold. There can be a potential short squeeze before making it's way down. This is not financial advice, all ideas are for educational purposes only.
Short
by AutomatedTradingAlgorithms
5
AUDUSD to stall at previous swing high?AUDUSD - Intraday Buying pressure from 0.6331 resulted in prices rejecting the dip. The current move higher is expected to continue. Indecisive price action has resulted in sideways congestion on the intraday chart. Preferred trade is to sell into rallies. Previous resistance located at 0.6510. We look to Sell at 0.6510 (stop at 0.6540) Our profit targets will be 0.6435 and 0.6315 Resistance: 0.6550 / 0.6625 / 0.6680 Support: 0.6340 / 0.6275 / 0.6185 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
GBPNZD At the moment, I think it will be too soon for me to say there would be a reversal or a continuation, however a breakout on either side is what I'd love to see before taking a position. A break above the and its retest, 2.04919 I will go long A break below the and its retest, 2.04036 I will go short. Until then, fingers crossed Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey