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NZDJPY to turnaround?NZDJPY - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The selloff is close to an exhaustion count on the daily chart. Price action looks to be forming a bottom. Bespoke support is located at 87.80. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 87.80 (stop at 87.30) Our profit targets will be 89.00 and 89.25 Resistance: 89.00 / 89.50 / 90.00 Support: 88.50 / 87.80 / 87.30 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.
Long
by OANDA
USDCHF to turnaround?USDCHF - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A bullish reverse Head and Shoulders has formed. Bespoke support is located at 0.8780. We look to buy dips. We look to Buy at 0.8780 (stop at 0.8756) Our profit targets will be 0.8845 and 0.8860 Resistance: 0.8803 / 0.8825 / 0.8850 Support: 0.8780 / 0.8750 / 0.8727 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.
Long
by OANDA
1
ANF: Positioned for Growth Amid Strong Financial MomentumAbercrombie & Fitch Co. ( NYSE:ANF ): Positioned for Growth Amid Strong Financial Momentum Trade Setup: - Entry Price: $151.35 (activated) - Stop-Loss: $110.18 - Take-Profit Targets: - TP1: $205.94 - TP2: $291.21 Company Overview: NYSE:ANF is a leading specialty retailer offering casual apparel and accessories under brands like Abercrombie & Fitch and Hollister, catering to diverse demographics globally. The company has demonstrated resilience and adaptability, maintaining its relevance in a competitive retail market. Financial Performance: - In Q3 2024, NYSE:ANF reported a net income increase of **10.9%**, totalling $131.98 million. - Revenue grew **14% year-over-year** to a record **$1.21 billion**, marking six consecutive quarters of double-digit growth. - The company continues to expand its digital and physical presence, enhancing customer engagement and operational efficiency. Analyst Ratings: - Analysts have a consensus **"Moderate Buy" rating** on NYSE:ANF , with a median price target of **$190**, suggesting upside potential. - Optimistic price targets range up to $250, reflecting confidence in NYSE:ANF ’s ability to sustain its growth trajectory. Risk/Reward Analysis: - The stop-loss at **$110.18** limits downside risk to approximately **27%** from the entry point. - Take-profit targets at **$205.94** and **$291.21** offer potential upside of **36%** and **92%**, respectively, creating a favourable risk-reward scenario. Conclusion: NYSE:ANF continues to demonstrate strong financial performance and positive market sentiment, supported by robust revenue growth and strategic initiatives. This trade setup balances calculated risks with the potential for significant returns. When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NYSE:ANFLong
by SiriusTrading
GBPAUD to turnaround?GBPAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The hourly chart technicals suggests further upside before the downtrend returns. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9850. We look to Sell at 1.9850 (stop at 1.9900) Our profit targets will be 1.9710 and 1.9680 Resistance: 1.9850 / 1.9900 / 1.9930 Support: 1.9700 / 1.9600 / 1.9500 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
GBPUSD to find bears at current market price?GBPUSD - 24h expiry The primary trend remains bearish. The rally is close to a correction count on the intraday chart. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2735. We look to Sell at 1.2735 (stop at 1.2765) Our profit targets will be 1.2645 and 1.2620 Resistance: 1.2750 / 1.2780 / 1.2800 Support: 1.2660 / 1.2630 / 1.2600 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
HK33 in inverted head and shoulders?HS50 - 24h expiry Price action looks to be forming a bottom. A Doji style candle has been posted from the high. A lower correction is expected. Short term bias is mildly bullish. Preferred trade is to buy on dips. Economic figures could adversley affect the short term technical picture. We look to Buy at 19480 (stop at 19280) Our profit targets will be 19980 and 20135 Resistance: 19995 / 20835 / 21880 Support: 19150 / 17955 / 16430 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.
OANDA:HK33HKDLong
by OANDA
EURJPY to find sellers at market price?EURJPY - 24h expiry Buying pressure from 156.17 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 158.60 level. We look to Sell at 158.60 (stop at 159.43) Our profit targets will be 156.22 and 154.40 Resistance: 159.10 / 160.55 / 162.00 Support: 157.05 / 154.40 / 151.10 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.
Short
by OANDA
A stock to watch for... LONG setup or PUMP and DUMP ? PSQ Holdings, Inc. (PSQH) has recently seen a significant surge in its stock price following the announcement that Donald Trump Jr. will join the company's board of directors. This news has generated substantial investor interest, leading to a more than 270% increase in share price for the session. The addition of Donald Trump Jr. to the board is a strong positive signal for the company, indicating potential strategic changes and increased credibility. Given the recent surge in stock price and positive analyst ratings, there is a strong case for a continued upward trend. In addition, his father is the USA president... And you know what I think of human nature... So trust human nature... and watch for a LONG setup on this stock. Obviously, watch it carefully so it will not turn out as a pump and dump, so manage your risk properly.
NYSE:PSQHLong
by ZoharCho
EURNZD to continue in the downward move?EURNZD - 24h expiry Our short term bias remains negative. 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. 50 4hour EMA is at 1.7888. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 1.7885 (stop at 1.7945) Our profit targets will be 1.7735 and 1.7705 Resistance: 1.7884 / 1.7933 / 1.7970 Support: 1.7814 / 1.7785 / 1.7741 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
NZDUSD to find sellers at current resistance?NZDUSD - 24h expiry The medium term bias remains bearish. The rally has posted a correction count on the daily chart. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.5900. We look to Sell at 0.5905 (stop at 0.5929) Our profit targets will be 0.5845 and 0.5830 Resistance: 0.5890 / 0.5920 / 0.5940 Support: 0.5840 / 0.5820 / 0.5800 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
USDCHF to continue in the upward move?USDCHF - 24h expiry Daily signals are bullish. 20 1day EMA is at 0.8806. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. We look to buy dips. Our outlook is bullish. Support is located at 0.8800 and should stem dips to this area. We look to Buy at 0.8806 (stop at 0.8778) Our profit targets will be 0.8876 and 0.8886 Resistance: 0.8853 / 0.8875 / 0.8890 Support: 0.8834 / 0.8820 / 0.8794 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.
Long
by OANDA
7
Are You Trading the Right Zones?Understanding key areas like demand zones, liquidity grabs, and volume profile levels is crucial for consistent success in trading. Here's how I approach them: 1️⃣ Liquidity Grabs: I wait for the market to grab liquidity from obvious levels. Why? It’s often a signal of institutional players stepping in. 2️⃣ Demand and Supply Zones: These zones are where price historically reverses. Identifying them helps me anticipate high-probability setups. 3️⃣ Volume Profile Insights: Volume tells a story! Zones with strong volume usually act as magnets, drawing price back for a reaction. 🔑 Pro Tip: Patience is key. Wait for confirmation at these levels instead of rushing into a trade. 💬 Let me know—what tools do you use to identify your trade zones?
by Safaric
GBPUSD to find buyers at previous support?GBPUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Intraday signals are mixed. Preferred trade is to buy on dips. Bespoke support is located at 1.2610. We look to Buy at 1.2610 (stop at 1.2565) Our profit targets will be 1.2745 and 1.2800 Resistance: 1.2700 / 1.2750 / 1.2800 Support: 1.2600 / 1.2550 / 1.2500 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.
Long
by OANDA
CHINA50 price action forming a bottom?CHN50 - 24h expiry Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 13300 will confirm the bullish momentum. The measured move target is 13550. We look to Buy at 13175 (stop at 13025) Our profit targets will be 13575 and 13640 Resistance: 13300 / 13525 / 13600 Support: 13175 / 13100 / 13050 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.
OANDA:CN50USDLong
by OANDA
Here's what I see playing out for BTC!The holiday season is near, and it’s going to be tough for Bitcoin to break past the massive 100K resistance wall. Here's what I see playing out on the 8H Chart! 🔹 We’ve retraced to 91K and are now trading around 94K USD, bouncing off the preliminary fib line on the 𝘋𝘍𝘙 indicator (see pic 1). This suggests that the strong downtrend may be over, but we need the candle to close first to confirm. There’s still a chance we remain in a downtrend, just at a slower pace. 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼𝘀 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵: 𝘚𝘤𝘦𝘯𝘢𝘳𝘪𝘰 𝘈 (𝘉𝘶𝘭𝘭𝘪𝘴𝘩): BTC moves up towards 96.5K-97K USD and faces heavy resistance. If we manage to break above that level, there’s a solid case to revisit the ATH levels. 𝘚𝘤𝘦𝘯𝘢𝘳𝘪𝘰 𝘉 (𝘉𝘦𝘢𝘳𝘪𝘴𝘩): If price closes or drops back below the blue preliminary fib line, the strong downtrend isn’t over yet, and we could head lower towards the anchored VWAP (pic 1). I’ve mapped out some LONG setups for you in case this happens: For the bears, the lowest levels I see for now are around 𝟳𝟲,𝟱𝟬𝟬-𝟳𝟳,𝟱𝟬𝟬 𝗨𝗦𝗗, and here’s why: This is the Fib Golden Pocket of the move, measured from the pivot low to the pivot high of the recent uptrend. The 200 Day EMA on the 8H Chart is sitting in this zone around 77100. It aligns with the Volume Profile anchored to the ⚡Power Candle visible on the bottom left of the chart, which kickstarted the entire move upwards. It’s also the 1.618 downward extension of the previous leg down, as shown on the Daily chart analysis (see Twitter for pic 2). Additionally, this zone is reinforced by key manual fib lines and the blue Bullish Fib Pockets dynamically plotted by the 𝘋𝘍𝘙. The Volume Profile is also fat around this area, I don’t expect Bitcoin to drop much lower than this zone unless something major shifts. x.com
by poolsideliquidity
PUFFERUSDT, D1 chart Range Breakout trading plan follow upHello Traders, As we mentioned in previous idea, we will wait for a Long setup. It is very fast, hope you can catch it before today. If you have interest in this idea, you could monitor it closely from now and refer to related publishcation. Crypto is highly risky, please do your own research before investing. The purpose of this post is for education only. If you like our post, you are welcome to share it with your friends. Enjoy!
Long
by ICT_Trader_SB
ASX to continue in the upward move?ASX200 - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 8350. 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. A move through 8400 will confirm the bullish momentum. The measured move target is 8475. We look to Buy at 8350 (stop at 8310) Our profit targets will be 8450 and 8475 Resistance: 8425 / 8450 / 8475 Support: 8375 / 8350 / 8325 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.
OANDA:AU200AUDLong
by OANDA
NZDUSD forming a bottom?NZDUSD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 0.5825. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.5850 will confirm the bullish momentum. We look to Buy at 0.5825 (stop at 0.5799) Our profit targets will be 0.5885 and 0.5600 Resistance: 0.5850 / 0.5875 / 0.5880 Support: 0.5825 / 0.5815 / 0.5800 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.
Long
by OANDA
Super Micro Computer (SMCI): Could this be 2024’s comeback?Could we be witnessing one of the most remarkable comebacks of the year? NASDAQ:SMCI surged an incredible 123% in just eight trading days, turning our position back into profit—a scenario that seemed unlikely not long ago. This highlights how patience in trading often pays off. The key reclaim of the Point of Control (POC) at $26.59 is a pivotal development. It’s crucial that NASDAQ:SMCI remains above this level as the week ends, which could also mark a significant monthly close. On the technical side, NASDAQ:SMCI was oversold on the 3D timeframe for the first time since March 2020, which may partly explain the rapid recovery and increased buying pressure. Fundamentally, last week marked the stock’s best five-day stretch on record following the appointment of BDO as its new independent auditor. This move, combined with a submitted compliance plan to Nasdaq, aims to address the delayed filing of its annual 10-K and quarterly 10-Q forms—previously threatening delisting. If NASDAQ:SMCI successfully files these reports, investor confidence could soar, potentially driving the stock much higher. However, failure to meet these requirements could result in a sharp sell-off. While we could have added at the bottom, patience remains critical as the situation evolves. ✅
NASDAQ:SMCILong
by freeguy_by_wmc
EURJPY to continue in the downward move?EURJPY - 24h expiry Buying pressure from 159.87 resulted in prices rejecting the dip. The current move higher is expected to continue. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 162.85 level. We look to Sell at 162.85 (stop at 164.05) Our profit targets will be 159.85 and 154.40 Resistance: 162.45 / 164.90 / 167.40 Support: 159.40 / 154.40 / 151.40 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.
Short
by OANDA
Target (TGT): A Buying Opportunity in the GapAfter three months of waiting and planning this setup on NYSE:TGT , we are finally buying shares following the recent drop into the desired breakout gap. Before this move, the stock hovered around the Point of Control (POC), making a breakout in either direction inevitable. This decline now provides a more favorable risk-to-reward ratio, setting us up to aim for the all-time highs once again. If the level of wave (4) is breached, we will need to reassess our bullish outlook and consider a potential deeper correction. However, the setup remains promising as the 78.6% and 88.2% Fibonacci retracements align perfectly with the lower edge of the gap. Historically, NYSE:TGT ’s oversold RSI since 2019 has led to a minimum 50% pump in four out of six cases, further solidifying our bullish view. The next critical level to watch is $180—reclaiming this resistance will be crucial for continued upward movement. Until then, we will stay patient and monitor the situation. ✅
NYSE:TGTLong
by freeguy_by_wmc
EURJPY to find buyers at current swing low?EURJPY - 24h expiry 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. Preferred trade is to buy on dips. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to Buy at 162.20 (stop at 161.18) Our profit targets will be 164.70 and 164.95 Resistance: 164.90 / 167.40 / 170.90 Support: 162.45 / 159.40 / 154.40 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.
Long
by OANDA