NRG Energy, Inc. (NRG) trade ideaNRG is nearing a critical resistance level, as the chart illustrates with a breakout from a long-term consolidation pattern. A move beyond the current zone could lead to an accelerated upward trend, particularly with rising volume. Keeping an eye on momentum and how the stock interacts with key moving averages will be vital for validating a potential breakout.
Tradeidea
The Southern Company (SO) trade ideaSO is approaching a key resistance level, as shown in the chart with a horizontal consolidation pattern near the upper Bollinger Band. A breakout above this range could signal a continuation of the current uptrend, especially with increasing volume. Monitoring the stock’s movement near the trendline and its behavior around the 50-day moving average will be essential for confirming any potential breakout.
SSR Mining Inc. (SSRM) trade ideaSSRM is nearing a key resistance point, highlighted by a horizontal breakout formation following a steady upward trend. A breakout above this level, with rising volume, could indicate further bullish momentum. Keeping an eye on momentum indicators and the stock’s positioning relative to the 50-day and 200-day moving averages will be critical for validating the breakout.
LLY: Entry Volume, Target, StopEntry: > 972.53
Volume: > 3.184M
Target: 1,117.98 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 972.53, 899.93 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
GBPAUD - BUY IDEA 4h structure is bullish.
Price is being corrective for a while and created some equal lows (liquidity) that were taken. Price just reacted inside an area of daily / 4h imbalance, showing good intention to the upside. Expecting a pullback on lower timeframes now to look for a buying opportunity.
AAPL Entry, Volume, Target, StopEntry: > 237.23
Volume: > 62.63M
Target: 269.15 area (this is an area, no guarantee it reaches this price, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 237.24, 221.14 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
EURNZD to find sellers at market price?EURNZD - 24h expiry
Short term bias has turned negative.
50 4hour EMA is at 1.7919.
We look for a temporary move higher.
Daily signals are mildly bearish.
Rallies should be capped by yesterday's high.
We look to Sell at 1.7915 (stop at 1.7960)
Our profit targets will be 1.7795 and 1.7775
Resistance: 1.7900 / 1.7941 / 1.7970
Support: 1.7850 / 1.7823 / 1.7800
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.
EURGBP - SELL IDEA Since the begginning of the month, EURGBP is corrective to the upside with lack on intention to go higher.
Price respected a stack area of daily + 4h imbalance, showing intention to the downside.
There is a 4h new area of imbalance wich was formed after those equal lows break to the downside with an impulsive move.
I'm expecting a pullback to the upside, sweeping liquidity and reacting from that new area.
My target will be the LL of the current 4h structure (red light).
EURGBP to find sellers at marabuzo resistance?EURGBP - 24h expiry
Broken out of the channel formation to the downside.
Yesterday's Marabuzo is located at 0.8431.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
We look for a temporary move higher.
We look to Sell at 0.8430 (stop at 0.8446)
Our profit targets will be 0.8390 and 0.8375
Resistance: 0.8420 / 0.8430 / 0.8445
Support: 0.8415 / 0.8404 / 0.8380
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 short term bias turned positive.EURNZD - 24h expiry
Short term bias has turned positive.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
We look to buy dips.
50 4hour EMA is at 1.7932.
Our outlook is bullish.
The sequence for trading is higher highs and lows.
We look to Buy at 1.7940 (stop at 1.7880)
Our profit targets will be 1.8090 and 1.8120
Resistance: 1.8000 / 1.8029 / 1.8070
Support: 1.7960 / 1.7900 / 1.7850
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 Bullish Bias: Price Action & Data AlignmentWhile U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend.
Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.
Blue ATR is monthly
Purple ATR IS weekly
EUR/USD 15M Short Trade IdeaI’m looking to short EUR/USD again on the 15M chart , with expectations of continued bearish momentum carrying into the next day of trade.
Price is showing consistent weakness, and the downtrend remains intact, making this an ideal setup to capture further downside. I’ll be watching for the market to maintain this structure and will adjust if any significant shifts occur. Let’s see if the bears remain in control!
EUR/USD 4H Chart: Top of the Market? (Part 2)I’m expecting EUR/USD to have a bearish day and possibly continue this trend throughout the week. The 4H chart is showing strong downside pressure, with price struggling to break above key resistance levels. I’m anticipating further declines as this bearish structure continues to unfold. Let’s see how the market plays out!
USD/JPY Long Trade: Building into Next Week's OpportunityGetting ready for next week's USD/JPY setup! 🚀 The market is aligning for a potential big move, and I'm positioning myself for the action. Watch closely as I plan my entries and manage the trade—timing is everything! ⏳
If you're into catching high-probability trades and want to see how I approach the markets, make sure to follow and stay tuned. Let’s ride this wave together! 📈 Don't miss out—like, comment, and share your thoughts below!
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY
The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers.
From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
Silver Analysis. H4 12.09.2024Silver Analysis. H4 12.09.2024
An interesting situation is fprming in silver. I haven't reviewed it for a while, but a cool pattern is forming now. The price is forming an exit to the upper boundary of the range and fixing near the margin. On the way we made accumulation and buyers' zone 28.50-28.85 in case of correction to which we can buy with targets to renew the highs. The main volumes remained at the bottom and will be a support for the price.
Thoughts on EURUSD before the ECB rate. H4 12.09.2024Thoughts on EURUSD before the ECB rate
I expect the euro to reach 1.0950-1.10 down to the area of option hedges and profile accumulation, and then continue to grow. Of course, there may be surprises, but this is my prior view. In detail we need to keep an eye on the new option fillings, they will tell us which areas will be hedged. The market is expecting a 0.25% rate cut, but the main movement will be given at the press conference on further ECB monetary policy plans. My subscribers and I closed our sales in the private channel yesterday.
Waiting for USDCHF to rise. H4 10.09.2024Waiting for USDCHF to rise
The franc got a beautiful culmination on Friday with a false takeout of the support level around 0.84. The price gave an upward reaction and overlapped the culmination candle. Usually in such cases make an internal pullback and upside as shown in the scheme. We bought in a private channel at 0.8410 and also wrote about it immediately, as I bought it myself. According to the options, we will continue to grow to the area of 0.8750 with intermediate fixation near 0.8600. On options, we are still in a strong oversold zone, so the upside potential on the near-term contracts is pretty good as well.
Working off the rise in the dollar index DXY. H4 09.09.2024Working off the rise in the dollar index DXY
Last week I expected the dollar index to rise to the area of 102 and higher. We made a pullback on it, but the depth of the correction was bigger than initially expected, but it did not affect the result. Now they are making a rebound to 102, but then might correction around 102.30. On Thursday we will know the US inflation for August and the unemployment rate on Friday. On this news the main movements on the dollar will be made.
EUR/USD 15M Short Trade IdeaI'm watching for a short opportunity on EUR/USD as the market shows signs of weakening around a key resistance zone. Momentum is shifting, and with volatility expected to increase during the New York session, I’m targeting a quick move to the downside. This setup aligns with my strategy for capturing short-term bearish momentum. Let’s see how it plays out!
Downside breakdown USDJPY H4. 06.09.2024Downside breakdown USDJPY
Yen broke a reversal pattern and decided to make a breakout to 140. This is a strong support level from which I expect a local rebound on upward correction. On options, this scenario is also confirmed, considering that today is the expiration of monthly options. The margin is also a bit higher, ideally make a false breakdown down and then look for a culmination on a corrective buyback.
USD/CAD 1H Chart Analysis: Preparing for a Long Setup Next WeekAs we head into the weekend, my focus is on USD/CAD for next week. The pair has been showing bullish momentum, and with better-than-expected U.S. economic data released this week, the case for a long position is strengthened. Taking some long USD profits off UJ and starting a small UCAD