EURUSD Top Down Analysis for todayIn this video, we take a close look at the EURUSD pair to ascertain where it is going.
Our analysis reveals we are to expect short-term bullishness on the 1 hour to drive prices into our 4 hour PB, following which prices are expected to drop significantly towards the 4 hour liquidity target.
Setup
CTSI Possible Long Setup #CTSI BIG Picture - January 21, 2024
CTSI has broken out of a long-term downtrend and is now trading in a new uptrend. The immediate target is $0.2553, and the long-term target is $1.00.
The chart shows a number of bullish indicators, including:
A rising 200-day moving average
A bullish divergence between the price and the MACD indicator
A bullish engulfing pattern on the daily chart
According to Elliott Wave theory, CTSI could be in the early stages of a five-wave uptrend. If this is the case, we could see another pump to $0.30 or even $0.35 before the wave 3 correction.
Here are some key levels to watch:
Support: $0.2553, $0.2250, $0.2000
Resistance: $0.2750, $0.3000, $0.3500
Overall, the CTSI chart is bullish. Traders should look for opportunities to buy on dips to $0.2553 or lower.
Here are some additional thoughts:
The breakout of the downtrend is a significant development. It suggests that the bears have lost control of the market and that the bulls are now in charge.
The bullish indicators on the chart are encouraging. They suggest that the uptrend is likely to continue.
The Elliott Wave theory is a subjective analysis tool. It is important to remember that there is no guarantee that CTSI will follow the predicted path.
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NZDUSD : Long Trade , 4hHello traders, we want to check the NZDUSD chart. The price has broken the uptrend line and is moving in a descending channel. The price has reached the specified key level and we expect this level to play the role of a support level and the price will have a correction up to around 0.62000. Good luck.
Will US2000 find buyers at market?US2000 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Previous support located at 1924. Preferred trade is to buy on dips.
We look to Buy at 1925 (stop at 1905)
Our profit targets will be 1975 and 2010
Resistance: 2010 / 2080 / 2110
Support: 1865 / 1820 / 1775
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.
XAUUSD : Long Trade , 1hHello traders, we want to check the XAUUSD chart. The price was able to break the descending channel and also the specified resistance level upwards and then pull back to the specified level. We expect this level to play the role of a support level and the price will grow up to around 2063.600. Good luck.
EURJPY : Long Trade , 4hHello traders, we want to check the EURJPY chart. The price is in an ascending channel and after breaking the specified resistance area, it has pulled back to this level again. We expect this level to maintain the upward trend of the price and the price will grow up to around 161.300. Good luck.
OGNUSDT View on Projected 150% UpsurgeOGNUSDT exhibits a clear uptrend pattern with consistent higher highs (HHs) and higher lows (HLs). The price maintains respect for the uptrend trendline, with the Demand/Supply zone transitioning into a reliable support area.
Our perspective suggests a substantial potential price increase for OGN, positioning it as one of our top coins for investment currently. Not financial advice, but our view indicates the potential for over a 150% surge in the coming months.
AUDUSD : Long Trade , 4hHello traders, we want to check the AUDUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level. We expect this level to play the role of a support level and maintain the upward trend of the price and the price will grow up to the specified resistance level. Good luck.
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.
DXY : Short Trade , 4hHello traders, we want to check the DXY chart. The price is moving in a descending channel and has pulled back to the indicated key level. If the price cannot break this level and this level plays the role of a resistance level, we expect the price to maintain its downward trend and the price will fall to around 100,700. Good luck.
GBPAUD : Short Trade , 4hHello traders, we want to check the GBPAUD chart. The general trend of the price is downward, and after the price was able to break down the range area, it has bounced back to this area again. We expect the price to continue its downward trend and the price will fall to around 1.85600. Good luck.
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in an ascending channel and has pulled back to the specified support level after failing to break the resistance level. If the price cannot break this support level and stabilize itself above this level, we expect the price to grow again to the specified resistance level. Good luck.
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.
AAVEUSDT 100% UpsideAAVEUSDT has established a significantly vast demand zone adjacent to the $50 psychological level, consistently respected over four consecutive instances, emphasizing substantial buying pressure within this zone. Preceding the recent bounce, AAVE broke above a downtrend trendline, signaling readiness for further upside potential. Subsequent to a robust correction and the last retest of the $50 support, a formation of higher highs and higher lows has become evident, indicating a bullish reversal.
The $80 supply zone has transformed into a demand area, witnessing a bounce off the average-price uptrend trendline. Presently, AAVEUSDT appears poised to initiate a significant rally. Overall, our projections anticipate a 100% price surge from the most recent demand area. This surge is aimed towards the 361.8% Fibonacci retracement level, aligning with the top of the extended ascending channel.
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.
USDJPY Looking BearishOn the Monthly chart, this pair is currently retracing bearish inside a Bullish PB.
On the Weekly, we can see that this pair is in a large bearish grind. We sent out a bearish analysis a few weeks back. If you didn't see it, be sure to take a look at it.
Let's go further down in our analysis of this pair.
On the Daily Chart, this pair has continued its bearish push, and it is currently holding 3 PBs to the downside. The story is not different on the 4-hour chart. The market is making 5 PB down on the 4 hour chart, and 4 PB down on the 1 hour chart. It is not very often to find a pair that aligns on bias across all of its timeframes. Here is a rare exception.
To take our trade, we will be waiting for price to retrace bullish into our refined zone. When that happens, we will look to jump on the trade using the Panz Pips trader checklist.
A quick Top Down Analysis on the EURUSDHelo students and traders.
Here is a quick top down analysis on the EURUSD.
By way of summary, we have come to the realisation that this pair is Bearish on the Monthly, Bearish on the Weekly, Bullish on the Daily and 4 hour, while holding a clear bearish perspective on the 1 hour time frame.
Because we believe in trading the smaller timeframe in the direction of the larger timeframe, we will want to hold on to the perspectives of the Weekly and the 1 hour charts, and will be looking to trade this pair bearish.
Find out how we arrived at this perspective...
Near 1000 Pip Dip ExpectedThe EURUSD has been pushing bullish for a while now. On the Weekly chart, we see that the market has been in a down swing that started on July 17, 2023. The market dipped to form a low at 1.0446, following which it began to retrace bullish on October 4.
Since October until now, the market has gone through a bullish retracement. Upon seeing the retracement, we were able to find and mark our order block and refine it to the expected reversal zone.
Last week saw prices come into our zone and push away in a bid to commence the reversal. If this perspective holds, this pair is expected to dip all the way down to take out the liquidity target at 1.4663 and push beyond it.
This down extension push is expected to give us a push in excess of 700 pips and can push as far as 1000 pips and more.
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in an ascending channel and has reached a resistance level, and after failing to break this level, it is pulling back to the support level. We expect the price to maintain this level and the price to grow again to the specified resistance level. Good luck.
SUSHIUSDTBullish Bias and Potential 70% Price SurgeSUSHIUSDT recently marked a decisive break above a descending channel, signaling a significant shift in price dynamics. Preceding this breakout, the price consistently respected both a minor and a major demand zone, indicating robust bullish pressure within the market. Further reinforcing this bullish bias is the clear bounce observed from a simple uptrend trendline, coupled with a distinct formation of higher highs (HHs) and higher lows (HLs) pattern.
Considering these bullish confirmations, there's a higher probability of the uptrend's continuity, potentially leading the price towards a massive supply zone formed back in 2022. Upon reaching this supply zone, it could signify a noteworthy 70% price increase for SUSHI.
COMPUSDT Elliot Wave Completion and Anticipated 50% UpsurgeOn a daily timeframe, COMPUSDT has exhibited a discernible higher high and higher low pattern, signaling a notable trend structure. Following the completion of wave 3, quite an evident ABC corrective move unfolded, halting precisely at the double Fibonacci support level near $47. This critical support area has proven effective in arresting the downward movement.
As long as this pivotal support remains intact, our analysis anticipates a relatively swift upside movement of approximately 50%. This projected move would complete the 5-wave upward sequence, potentially marking the culmination of this bullish phase before a potential stronger downside pullback.
FXSUSDT Bullish Signals and Price Surge ExpectationsFXSUSDT has recently demonstrated compelling bullish movements, showcasing a transformation of two previous supply zones into demand areas. This shift, coupled with the presence of a consistent higher highs and higher lows pattern, reaffirms the underlying bullish trend.
Anticipating an over 80% surge in the coming weeks, today might mark the inception of the anticipated uptrend. The combination of these bullish signals suggests a strong potential for substantial growth in the near term.