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EURAUD to turnaround?EURAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for a temporary move lower. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6500. We look to Sell at 1.6500 (stop at 1.6550) Our profit targets will be 1.6380 and 1.6350 Resistance: 1.6500 / 1.6550 / 1.6600 Support: 1.6400 / 1.6350 / 1.6300 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
AUDUSD H1 - AUD Strongest Currency Against USD Weakest = UpTrendThis indicates which currencies are GAINING value and which currencies are LOSING value. As a result, we see which pairs to trade. By trading the currency gaining the most value against the currency losing the most value = We aspire to ride the strongest trends, obtain the highest performance, be in the safest trades and to avoid the choppy chaotic charts. --- This layout displays the Value, Performance and Pressure behind each currency. Let's break it down by panel. -- In the top panel: Indicator 'Currencies' / Settings: Performance All 8 Currencies. We see the performance of all 8 major currencies. Most recent bars: AUD (Orange line) is the strongest currency. USD (Red line) is the weakest currency. So, we bought the AUDUSD pair because both currencies are going opposite ways (AUD going up / USD going down). -- In the second panel: Indicator 'Currencies' / Settings: Pair Performance. We see the Performance of the 2 currencies of the pair on chart. The AUD (Orange line) and the USD (Red line) + the Pressure of the Pair in the background. The brighter the color in background = The higher is the performance for the pair on chart. -- In the 3rd panel: Indicator: The 'Template'. (Over 10 years in R&D to paint the chart perfectly.) Resistance was broken and retested. Resistance became support. -- In the 4th panel: Indicator 'Currencies' / Settings: Pressure. We see the Pressure behind each currencies of the pair on chart. The Higher is the line = More Upside pressure. The Lower is the line = More Downside pressure. -- 5th panel: Indicator 'Currencies' / Settings: Value of the Base currency (AUD). Displays the Value of the AUD + Intensity Background (Up/Down) 6th panel: Indicator 'Currencies' / Settings: Value of the Quote currency (USD). Displays the Value of the USD + Intensity Background (Up/Down) Strategy for 5th and 6th panels: Blue Background (One Currency Gaining Value) AGAINST Red Background (One Currency Losing Value) = Pair Trending. (If you want to learn more about this, we have recorded a video. Comment 'Video'.)
Long
by ascension
2
USDCAD H4 LONG TERM Buying TRADE IDEAHello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Channel
Long
by ForexMasters2000
2
GBPCAD is in the bearish directionHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
1
AUDUSD H1 - AUD Strongest Currency Against USD Weakest = UpTrendThis indicates which currencies are GAINING value and which currencies are LOSING value. As a result, we see which pairs to trade. By trading the currency gaining the most value against the currency losing the most value = We aspire to ride the strongest trends, obtain the highest performance, be in the safest trades and to avoid the choppy chaotic charts. --- This layout displays the Value, Performance and Pressure behind each currency. Let's break it down by panel. -- In the top panel: Indicator 'Currencies' / Settings: Performance All 8 Currencies. We see the performance of all 8 major currencies. Most recent bars: AUD (Orange line) is the strongest currency. USD (Red line) is the weakest currency. So, we bought the AUDUSD pair because both currencies are going opposite ways (AUD going up / USD going down). -- In the second panel: Indicator 'Currencies' / Settings: Pair Performance. We see the Performance of the 2 currencies of the pair on chart. The AUD (Orange line) and the USD (Red line) + the Pressure of the Pair in the background. The brighter the color in background = The higher is the performance for the pair on chart. -- In the 3rd panel: Indicator: The 'Template'. (Over 10 years in R&D to paint the chart perfectly.) Resistance was broken and retested. Resistance became support. -- In the 4th panel: Indicator 'Currencies' / Settings: Pressure. We see the Pressure behind each currencies of the pair on chart. The Higher is the line = More Upside pressure. The Lower is the line = More Downside pressure. -- 5th panel: Indicator 'Currencies' / Settings: Value of the Base currency (AUD). Displays the Value of the AUD + Intensity Background (Up/Down) 6th panel: Indicator 'Currencies' / Settings: Value of the Quote currency (USD). Displays the Value of the USD + Intensity Background (Up/Down) Strategy for 5th and 6th panels: Blue Background (One Currency Gaining Value) AGAINST Red Background (One Currency Losing Value) = Pair Trending. (If you want to learn more about this, we have recorded a video. Comment 'Video'.)
Long
by ascension
1
GBP, HUGE UPSIDE! Back to Long-standing 38-year support!!!I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on April 1985. The pair is back at 1.0 FIB LEVEL (on tri-monthly) -- this is outrageously beyond bargain. Histogram wise, another higher lows was created conveying the current price range to be the last base price before the series of incoming series of ascend. Incoming Price valuation will be above average -- and that's an understatement. Bubble up volume (bottom indicator) finally appeared after almost 2 years (last one was July 2021). This is the 2nd straight appearance in 6 months this year, cementing the intention of the pair's target direction. Confidence on this pair's long term direction is firm. A 10% increase from current price within the next 12-16 months (very long candle on tri-monthly) is very possible. Spotted at 1.25 TAYOR. Safeguard capital always.
Long
by JSAL
10
EURUSD Wave Analysis 5 November 2024- EURUSD rising inside impulse wave 1 - Likely to reach resistance level 1.1000 EURUSD currency pair continues to rise inside the sharp impulse wave 1 which started earlier from the support zone between the key support level 1.07865 (former strong support from the start of August) intersecting with the support trendline from April. The active impulse wave 1 belongs to the higher order upward impulse wave (C) from the end of October. Given the strongly bearish US dollar sentiment seen today, EURUSD currency pair can be expected to rise to the next resistance level 1.1000 (target price for the completion of the active impulse wave 1).
Long
by FxProGlobal
1