Setup
Analysis on gold, waiting for selling opportunityGold, after breaking all of its key resistances, has turned all resistances into a very strong support! ✨
We still expect a correction from it until the support range at 2090. Today, it might create a good selling opportunity with a sharp move upwards, meaning 2140. 💰
Sell zone: 2136 - 2140 - 2148
Targets: 2120 - 2100 - 2090
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
The correction lower is assessed as being complete.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6170 will confirm the bullish momentum.
We look to Buy at 0.6150 (stop at 0.6130)
Our profit targets will be 0.6200 and 0.6215
Resistance: 0.6170 / 0.6190 / 0.6200
Support: 0.6150 / 0.6130 / 0.6125
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.
EURJPY to find resistance at market price?EURJPY - 24h expiry
Short term bias has turned negative.
The 200 day moving average should provide resistance at 161.35.
This is negative for sentiment and the downtrend has potential to return.
We look to sell rallies.
Further downside is expected although we prefer to sell into rallies close to the 161.65 level.
We look to Sell at 161.80 (stop at 162.30)
Our profit targets will be 160.60 and 160.30
Resistance: 161.90 / 164.30 / 167.35
Support: 160.00 / 158.70 / 15.40
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.
GBPCAD : Short Trade , 4hHello traders, we want to check the GBPCAD chart. The overall trend of the market is bullish and the price has reached a well-defined critical level that the price has reacted to several times in the past. Due to the fact that in the RSI indicator we see a divergence. We expect this level to stop the upward trend of the price and the price will fall to around 1.72000. Good luck.
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry
Setbacks should be limited to yesterday's low.
Our short term bias remains positive.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
The dip was bought into but, the rally has also stalled.
We look to buy dips.
50 4hour EMA is at 0.9583.
We look to Buy at 0.9583 (stop at 0.9561)
Our profit targets will be 0.9638 and 0.9648
Resistance: 0.9600 / 0.9620 / 0.9632
Support: 0.9575 / 0.9560 / 0.9545
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.
Anticipating Explosive Growth for SUIUSDT🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs (HHs) and higher lows (HLs) pattern, strengthens our expectation for a substantial growth surge.
🔅Our upside target aligns with the 78.6% Fibonacci retracement level, correlating with a previously established supply area. Achieving this target could result in a robust 50% gain. We've already shared our comprehensive trade setup in our channel, positioning ourselves to capitalize on this potential opportunity.
GBPJPY dips continue to attract buyers.GBPJPY - Intraday
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
Buying continued from the 50% pullback level of 188.30.
We look to buy dips.
Bespoke support is located at 188.70.
We look to Buy at 188.70 (stop at 188.20)
Our profit targets will be 189.90 and 190.20
Resistance: 189.70 / 190.20 / 190.70
Support: 188.70 / 188.20 / 187.70
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.
GBPNZD forming bearish head and shoulders?GBPNZD - 24h expiry
Price action looks to be forming a top.
A bearish Head and Shoulders is forming.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
The 50% Fibonacci retracement is located at 2.0790 from 2.0915 to 2.0666.
The hourly chart technicals suggests further upside before the downtrend returns.
We look to Sell at 2.0790 (stop at 2.0840)
Our profit targets will be 2.0670 and 2.0640
Resistance: 2.0790 / 2.0840 / 2.0900
Support: 2.0690 / 2.0625 / 2.0560
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.
AUDCAD→ Day Analysis | BUY SetupFeb 26
Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY . AUDCAD long
! Great BUY opportunity AUDCAD
I still did my best and this is the most likely count for me at the moment.
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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💰
Analysis of gold in the 1-hour timeframe 📈Gold formed a beautiful ascending triangle in the one-hour timeframe and managed to break above its price to 2141 📈
We have a strong and important resistance zone at 2142 - 2148 where we may experience good selling opportunities.
Furthermore, gold is currently coming down towards the support at 2120. If this support holds and doesn't break, we can go long with a short-term target at the resistance level of 2142 - 2148.
However, in case this support level breaks, we can expect a price decline towards the support at 2088. 📉
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
Price action looks to be forming a top.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The rally is close to an exhaustion count on the weekly chart.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Bespoke resistance is located at 91.80.
We look to Sell at 91.80 (stop at 92.12)
Our profit targets will be 91.00 and 90.80
Resistance: 91.80 / 92.10 / 92.40
Support: 91.20 / 90.90 / 90.60
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.
GBPUSD is going down. But How Far down?Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD.
Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful to a few or more persons.
Comment with your thoughts. Give a boost if you agree, and if you don't, still give a boost, but share your perspective in the comment section. I will like to learn a thing or two from you too.
GBPJPY to form a higher low?GBPJPY - 24h expiry
The medium term bias remains bullish.
Trading within a Bullish Channel formation.
The sequence for trading is higher highs and lows.
Buying continued from the 61.8% pullback level of 189.20.
Previous support located at 190.10.
We look to Buy at 190.10 (stop at 189.70)
Our profit targets will be 191.10 and 191.35
Resistance: 191.10 / 191.60 / 192.00
Support: 190.10 / 189.60 / 189.10
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.