EURGBP to attract buyers at market price?EURGBP - 24h expiry
Yesterday's Marabuzo is located at 0.8412.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
Trading has been mixed and volatile.
We look for a temporary move higher.
We look to Sell at 0.8412 (stop at 0.8434)
Our profit targets will be 0.8357 and 0.8347
Resistance: 0.8397 / 0.8420 / 0.8448
Support: 0.8369 / 0.8353 / 0.8340
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Tradeidea
DAX to attract sellers at market price?GER40 - Intraday
4 negative daily performances in succession.
Short term bias has turned negative.
Preferred trade is to sell into rallies.
Yesterday's Marabuzo is located at 19161.
Expect trading to remain mixed and volatile.
20 4hour EMA is at 19235.
We look to Sell at 19215 (stop at 19315)
Our profit targets will be 18965 and 18905
Resistance: 19100 / 19200 / 19300
Support: 19003 / 18900 / 18800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CN50 to find buyers at previous swing low?CHN50 - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot support is at 13000.
Risk/Reward would be poor to call a buy from current levels.
A move through 13500 will confirm the bullish momentum.
The measured move target is 14250.
We look to Buy at 13000 (stop at 12680)
Our profit targets will be 13800 and 14050
Resistance: 13500 / 14000 / 14250
Support: 13250 / 13000 / 12750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURGBP to find sellers at market price?EURGBP - 24h expiry
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Preferred trade is to sell into rallies.
Selling spikes offers good risk/reward.
20 1day EMA is at 0.8343.
We look to Sell at 0.8355 (stop at 0.8375)
Our profit targets will be 0.8290 and 0.8280
Resistance: 0.8322 / 0.8340 / 0.8352
Support: 0.8315 / 0.8295 / 0.8280
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDUSD to bounce from oversold extremes?AUDUSD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
Previous support at 0.6585 now becomes resistance.
A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level.
We look to Buy a break of 0.6585 (stop at 0.6560)
Our profit targets will be 0.6645 and 0.6660
Resistance: 0.6620 / 0.6660 / 0.6720
Support: 0.6560 / 0.6530 / 0.6500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
ETH: Maybe up? Maybe down?I painted the May '24 breakout pretty well. This was the breakout running into the ETF approval. Buy the Rumor. Sell the news event. And ETH has been selling off ever since.
All considered, ETH seem to be setting a trend of higher lows as it's attempting to break the trend. Either way, it will break this consolidation sooner or later.
ETH/BTC is the important chart to keep an eye on. BTC could rips to the upside (as it often does) and ETH would sell off on the ETH/BTC pair. Not all bad. BTC profits often rotate into ETH gains. Just like the good old days. BTC Gains --> ETH BOOM!
Take profits.
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5975 will confirm the bearish momentum.
The measured move target is 0.5925.
We look to Sell at 0.6000 (stop at 0.6020)
Our profit targets will be 0.5950 and 0.5925
Resistance: 0.6000 / 0.6025 / 0.6035
Support: 0.5950 / 0.5930 / 0.5925
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AU200 to continue in the downward move?ASX200 - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 8200 will confirm the bearish momentum.
We look to Sell at 8240 (stop at 8280)
Our profit targets will be 8140 and 8125
Resistance: 8240 / 8250 / 8275
Support: 8200 / 8140 / 8125
Correction Silver H4. 24.10.2024Correction Silver 📉
The correction in silver started a bit earlier than the expected zone, so I'm clarifying the situation. Buying zone is important at 31.31-32.17 and slightly above the margin with support level. I am still aiming for 35.50 and higher after the end of the pullback. There were no strong culmination volumes at the top, so it is more likely that a pullback is forming downwards.
CAPITALCOM:SILVER
SPX to turnaround?US500 - 24h expiry
Broken out of the wedge to the downside.
The formation has a measured move target of 5773.
An overnight positive theme in Equities has led to a higher open this morning.
Expect trading to remain mixed and volatile.
The sequence for trading is lower lows and highs.
We look to Sell at 5847 (stop at 5865)
Our profit targets will be 5802 and 5792
Resistance: 5845 / 5847 / 5857
Support: 5815 / 5800 / 5785
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GOLD to find buyers at current overbought extremes?XAUUSD - 24h expiry
Price action resulted in a new all-time high at 2753.
Daily signals for sentiment are at overbought extremes.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 1hour EMA is at 2743.
There is no indication that the rally is coming to an end.
We look to Buy at 2744.5 (stop at 2726.5)
Our profit targets will be 2789.5 and 2799.5
Resistance: 2753.4 / 2770.0 / 2785.0
Support: 2745.0 / 2725.0 / 2700.0
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.
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6025 will confirm the bearish momentum.
The measured move target is 0.5075.
We look to Sell at 0.6060 (stop at 0.6080)
Our profit targets will be 0.6010 and 0.5995
Resistance: 0.6060 / 0.6075 / 0.6100
Support: 0.6025 / 0.6000 / 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.
Nikkei continues to hold back the bears.NIK225 - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for sentiment and the uptrend has potential to return.
We look for a temporary move lower.
Further upside is expected although we prefer to set longs at our bespoke support levels at 38870, resulting in improved risk/reward.
We look to Buy at 38870 (stop at 38550)
Our profit targets will be 39670 and 39820
Resistance: 39660 / 42155 / 45325
Support: 37705 / 36330 / 34955
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.
LULU, a stock to watch!Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons.
- The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's.
- Margins for the company have all been steady, and remain an industry leader.
- Lululemon is still set to see 10% CAGR for EPS in the next 5 years. (consensus)
- The stock is seeing a severe correction, on par with its past decade corrections.
Above is bullish sentiment on LULU, and can be considered the "bull/base case"
Personally, I have not turned bullish on LULU yet, but with the levels it is reaching it has most certainly caught my eye and has been added to my watch list. While the stock is seeing oversold levels, I think the midterm outlook can still remain bearish for Lululemon. Below are reasons why the short/midterm outlook for LULU may not be optimal.
- Weaker forward projections compared to last 5 years.
Though LULU is expecting 10% CAGR EPS for the next 5 years, that is just a fraction of its last 5 year CAGR of 38.55%. While projections are still positive, they have certainly dampened compared to recent years' growth.
- Macroeconomic environment.
Though the economy remains hot/fine for now, there have been warning signs flashing of a rising unemployment figure across the country. With suboptimal economic conditions, the average consumer may cut down on expensive Lululemon clothing.
These Macro conditions may also continue to dampen the economy, which can cause an overall market correction, where LULU would likely follow the sentiment.
Overall, I believe that LULU offers significant reward, but the shorter term horizon is still worrisome for Lululemon and the global economy. Lululemon is a leader in the Retail Trade sector and dominates when it comes to profitability. The stock is definitely one to keep an eye on if it continues to get crushed.
Regarding technicals, I am watching this demand zone around the 200 level. The stock could trend down to this area, and reach close to COVID-19 lows if sentiment does not change. This area could also offer significant R/R for an entry point.
Disclosure: I currently hold no position in LULU stock, and have never been a shareholder.
US500 continues to trade around the all time highs.SPX500USD - 24H EXPIRY
Price action continues to trade around the all-time highs.
Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day.
The 261.8% Fibonacci extension is located at 5901 from 5682 to 5766.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
Reverse trend line resistance comes in at 5898.
We look to Buy at 5848 (stop at 5823)
Our profit targets will be 5898 and 5905
Resistance: 5892 / 5898 / 5901
Support: 5848 / 5770 / 5766
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.
USDCHF to continue in the upward move?USDCHF - Intraday
Our short term bias remains positive.
The sequence for trading is higher highs and lows.
Previous resistance at 0.8635 now becomes support.
We look to buy dips.
Risk/Reward would be poor to call a buy from current levels.
20 1hour EMA is at 0.8641.
We look to Buy at 0.8642 (stop at 0.8614)
Our profit targets will be 0.8712 and 0.8727
Resistance: 0.8669 / 0.8680 / 0.8700
Support: 0.8635 / 0.8615 / 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.
EURUSD to turnaround?EURUSD - 24H EXPIRY
Trades at the lowest level in 48 days.
Bespoke support is located at 1.0875.
We have a 78.6% Fibonacci pullback level of 1.0870 from 1.0778 to 1.1202.
Selling posted in Asia.
Dip buying offers good risk/reward.
The medium term bias is neutral.
We look to Buy at 1.0875 (stop at 1.0825)
Our profit targets will be 1.1037 and 1.1050
Resistance: 1.1008 / 1.1038 / 1.1050
Support: 1.0875 / 1.0870 / 1.0775
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.
Correction USDJPY. H4 11.10.2024 Correction USDJPY 📉
The Japanese yen has reached the local resistance level of 149.40 and after a false breakdown I expect a correction downwards. The correction may go to the 1/2 margin zone 146 or to the strong buyers zone 143-144.50 from which I will also look for a bounce upwards. I believe that the general upward movement is not finished yet and the expected decline will be corrective.
OANDA:USDJPY
USDCHF to find buyers at the market price?USDCHF - 24h expiry
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look for a temporary move lower.
We look to buy at current market price.
20 4hour EMA is at 0.8574.
Our profit targets will be 0.8630 and 0.8645
We look to Buy at 0.8575 (stop at 0.8553)
Resistance: 0.8609 / 0.8630 / 0.8650
Support: 0.8580 / 0.8565 / 0.8550
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.
EURAUD to continue in the upward move?EURAUD - 24h expiry
The medium term bias remains bullish.
Price action looks to be forming a bottom.
Preferred trade is to buy on dips.
Bespoke support is located at 1.6235.
The sequence for trading is higher highs and lows.
We look to Buy at 1.6235 (stop at 1.6185)
Our profit targets will be 1.6355 and 1.6385
Resistance: 1.6350 / 1.6440 / 1.6500
Support: 1.6235 / 1.6190 / 1.6100
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.