CNO - Another financial institution to breakdown? CNO FINANCIAL GROUP - 30d expiry - We look to Sell a break of 20.29 (stop at 21.31)
22.50 continues to hold back the bulls.
Resistance could prove difficult to breakdown.
A break of the recent low at 20.36
should result in a further move lower.
Daily signals are bearish.
News events could adversley affect the short term technical picture.
20.36 has been pivotal.
Our profit targets will be 17.81 and 17.31
Resistance: 22.00 / 22.50 / 22.72
Support: 21.20 / 20.36 / 20.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Tradeidea
China50 to see a limited rally?CHN50 - 24h expiry -
Buying pressure from 12830 resulted in prices rejecting the dip.
The current move higher is expected to continue.
With the Ichimoku cloud resistance above we expect 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 13100 level.
We look to Sell at 13095( stop at 13205)
Our profit targets will be 12825 and 12765
Resistance: 13180 / 13660 / 14440
Support: 12790 / 12400 / 11845
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.
EUR - Where to next?EUR - Where to next? $ OANDA:EURUSD FX:EURUSD
On the docket today is US Unemployment Claims - Which should shift the markets to either direction and at end of the week PMIs
EUR: Currently within range
Highs: 1.09992
Lows: 1.09095
A break of the highs I expect EUR to re-test the previous highs of 1.10555. However, if we are to break this trendline up and the range lows we are in, then I expect us to test the next support of 1.08510.
Have a great day ahead,
Trade Journal
To catch a falling knife? AUDUSD - 24h expiry -
Previous support level of 0.6619 broken.
We are trading at oversold extremes.
A higher correction is expected.
Previous support located at 0.6564. The hourly chart technicals suggests further downside before the uptrend returns.
Preferred trade is to buy on dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 0.6575 (stop at 0.6540)
Our profit targets will be 0.6665 and 0.6680
Resistance: 0.6665 / 0.6780 / 0.6925
Support: 0.6550 / 0.6380 / 0.6170
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.
LYV to breakdown?Live Nation Entertainment - 30d expiry - We look to Sell a break of 63.98 (stop at 67.01)
This stock has seen poor sales growth.
The primary trend remains bearish.
64.25 has been pivotal.
There is no clear indication that the downward move is coming to an end.
The bias is to break to the downside.
A break of the recent low at 64.25 should result in a further move lower.
Our profit targets will be 57.01 and 56.01
Resistance: 67.50 / 70.00 / 71.20
Support: 66.00 / 65.05 / 64.25
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
AUDJPY to stall at current resistance?AUDJPY - 24h expiry -
The medium term bias remains bearish.
In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower.
Neckline support is 89.40.
Bespoke resistance is located at 89.92.
Preferred trade is to sell into rallies.
We look to Sell at 89.92 (stop at 90.12)
Our profit targets will be 89.45 and 89.20
Resistance: 89.92 / 90.05 / 90.247
Support: 89.53 / 89.40 / 89.19
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.
Ethereum to turnaround?Ethereum - 24h expiry - We look to Buy a break of 1891 (stop at 1841)
We are trading at oversold extremes.
Daily signals are mildly bullish.
Bullish divergence is expected to support prices.
Posted a Double Bottom formation.
The bias is to break to the upside.
Our profit targets will be 2011 and 2031
Resistance: 1860 / 1880 / 1900
Support: 1825 / 1800 / 1775
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Ross Stores to find resistance at previous support<Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61)
Short term bias has turned negative.
We are trading at overbought extremes.
We have a Gap open at 18/11/2022 from 97.93 to 114.80.
Previous support at 113 now becomes resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 98.51 and 96.51
Resistance: 107.50 / 110.15 / 113.00
Support: 105.10 / 98.50 / 94.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NZDJPY trend of higher lows has been broken.NZDJPY - 24h expiry - We look to Sell at 83.00 (stop at 83.40)
Previous support located at 82.25.
Previous resistance located at 82.75.
Broken out of the triangle formation to the downside.
We look for a re-test of the upward trending resistance.
A move through 82.50 will confirm the bearish momentum.
Our profit targets will be 82.00 and 81.80
Resistance: 82.75 / 83.00 / 83.50
Support: 82.25 / 82.00 / 81.50
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.
DAX continues to grow.GER40 - 24h expiry - We look to Buy a break of 16001 (stop at 15899)
There is no clear indication that the upward move is coming to an end.
We are trading at overbought extremes.
Daily signals are bullish.
15925 has been pivotal.
A break of the recent high at 15980 should result in a further move higher.
Our profit targets will be 16251 and 16301
Resistance: 15980 / 16000 / 16100
Support: 15830 / 15760 / 15700
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.
Palladium to breakdown?Palladium - 24h expiry -
The primary trend remains bearish.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
The bias is to break to the downside.
Our outlook is bearish.
We look to Sell a break of 1572.9 (stop at 1596.9)
Our profit targets will be 1512.9 and 1502.9
Resistance: 1590 / 1605 / 1625
Support: 1574 / 1555 / 1520
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.
$aapl : Important levels to watch as we go into the house voteIn this video, we will be taking a closer look at Apple Inc. ( NASDAQ:AAPL ) and the important levels to keep an eye on as we head into the upcoming house vote. With the current state of the market and the potential impact of this vote on Apple's stock price, it's essential to understand the key levels of support and resistance to watch for. Join us as we analyze the technicals and provide insights into what could be in store for NASDAQ:AAPL in the coming days.
NZDCAD ideaNZDCAD trend is bearish.
But for now, this pair is on a demand area. 0.826 to 0.830 range area, so if we want to prepare to buy this currency, we must wait for the change of this downward trend to an upward trend, in this case breaking descending channel and breaking 0.8369 level as a resistance and pullback to this level can be prepared to a buy opportunity.
But if we don't consider the demand area and give more credit to the descending channel and sellers' pressure, the price reaching the 0.833 area can be attractive for reselling. In this case, the next demand area at 0.815 rates can be your Take profit.
Wait for better levelsFundamental View
Buyers of gold in recession, or sellers of it for a stronger dollar?
Volatility in the bond market and uncertainty about interest rate cuts are pushing the dollar higher, dimming the appeal of gold (XAU).
Last week, the recovery of the US dollar affected the price of gold (XAU) and put pressure on gold. Because market participants assessed the possibility of the Federal Reserve raising interest rates in May. However, there are still many buyers and markets for gold, who see the fear of stagnation more strongly.
Now for this week. There are many things in the US economic calendar that will help traders know what to expect from the Fed. Investors are monitoring Economic growth data (GDP), jobless claims on Thursday, and PCE data on Friday. The GDP print is expected to grow at an annual rate of 2.0% during this period, which means that a recession is not imminent. And If the PCE index prints much higher than expected, it reduces the likelihood that the Fed will hold off on rate hikes in May, especially if economic data is generally positive.
With this data, Investors evaluate the interest rate increase in May. Although the market expects a 25 basis point hike on May 3, uncertainty surrounding the possibility of a rate cut this year has caused volatility in the US bond market. The volatility of the bond market causes the dollar to move.
The market is currently looking at a 25 percent hike, with the direction of travel determined by whether the Fed will hold off on interest rate changes after that. While this could support gold prices, the recent market rally and overly technical conditions mean there is still scope for a downside if the Fed's rate outlook is confirmed. According to the CME FedWatch tool, there is an 84.6% chance of a 25% rate hike in May, with interest rate cuts expected later in the year. Higher interest rates reduce the attractiveness of non-yielding bullion.
Technical View
Gold has taken a downward trend in the four-hour time frame. This precious metal has locked itself in the TSE:1960 to TADAWUL:2020 area. It shows that gold needs some drivers to rise or fall. Any sign of information that leads traders to fear further recession could push gold to the TADAWUL:2020 - TSE:2048 highs. But what we think is the better-than-expected print for the US economy makes more downward pressure on XAU.
Gold is currently trading at the price of TSE:1982 dollars and is on a dynamic resistance. There is a possibility of a slight rise for gold at the beginning of the week, but we don't have any rush to trade. If the economic data encourages us to sell gold, we will wait and do it in the HKEX:2000 to TADAWUL:2020 area, and if we going to buy gold, we will do it in TSE:1960 or in the important key area of 1920 dollars.
USDJPY: 4H-D Technical OverviewHello traders!
I hope you are all doing well. In this video, I am excited to share with you a detailed analysis of USDJPY on the Daily and 4H timeframes.
On the Daily timeframe , we are currently experiencing a strong uptrend (same as Weekly) and the price appears to be developing a complex pattern before resuming the bull run. We will need to exercise patience and wait for this consolidation to finish.
Meanwhile, on the 4H timeframe , we anticipate the price to make local higher highs, potentially reaching one of the two areas highlighted on the chart (FVG/4H bearish OB zone). Once this happens, we will be on the lookout for a reaction that could lead to a potential sell setup.
I will be keeping you updated on any new developments in the comment section below, so stay tuned!
As always, I urge you to trade safely and not over risk. Remember to exercise patience and wait for the pattern to fully develop before making any decisions.
Thank you and happy trading!