Tradeidea
AU200 forming a top?ASX200 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Expect trading to remain mixed and volatile.
We look to Sell at 8500 (stop at 8554)
Our profit targets will be 8366 and 8170
Resistance: 8570 / 8820 / 9000
Support: 8440 / 8350 / 8170
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.
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.
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.
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.
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.
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.
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.
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.
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.
5 MINUTE GOLD SETUP.We have a break of structure (BOS). Now, I need to wait for a retracement to the breaker block or fair value gap (FVG), among other areas of interest. Then, I will switch to the 1-minute time frame to look for a bullish momentum candle. It is important that we see a clear rejection from these key areas before making an entry.
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.
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.
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.
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.
Tesla (TSLA) short term outlookTesla (TSLA) stock is forming an ascending triangle pattern on its daily chart, which signals a potential bullish continuation. This formation is characterized by a horizontal resistance level and a rising trendline of higher lows, reflecting increasing buyer strength and suggesting the possibility of an upside breakout.
The stock has repeatedly faced selling pressure at a horizontal resistance level, which represents a key inflection point. A breakout above this zone could attract further buying interest and signal a continuation of the upward trend. Meanwhile, the rising trendline, formed by higher lows, highlights consistent buying support even during pullbacks, reinforcing confidence in Tesla's bullish trajectory.
Volume is a crucial factor in validating this breakout. A surge in volume as TSLA moves above resistance would confirm the breakout, whereas low volume could indicate a false move, requiring caution. The stock is currently trading above its key moving averages, which are aligned in a bullish formation. Additionally, momentum indicators like RSI and MACD should be monitored closely to confirm the strength of the move.
For traders looking to capitalize on this setup, a potential strategy could involve entering a long position once the stock decisively breaks above the resistance level, ideally accompanied by increased volume. A stop loss can be placed just below the ascending trendline or the most recent higher low to manage downside risk. Profit targets can be estimated using the height of the triangle, projected upward from the breakout point. As the stock moves higher, trailing the stop loss could help lock in gains while still allowing for additional upside potential.
Tesla’s ascending triangle pattern suggests the stock is at a critical juncture. A breakout supported by strong volume and positive momentum could signal the next leg of its bullish trend. However, as with any technical setup, traders should remain cautious, monitor key levels, and use proper risk management to navigate potential volatility.