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GBPAUD to find buyers at market price?GBPAUD - 24h expiry The primary trend remains bullish. A lower correction is expected. Price action has formed an expanding wedge formation. Preferred trade is to buy on dips. Bespoke support is located at 1.9475. We look to Buy at 1.9475 (stop at 1.9395) Our profit targets will be 1.9675 and 1.9715 Resistance: 1.9625 / 1.9690 / 1.9760 Support: 1.9475 / 1.9400 / 1.9335 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
$GBP - What shall we do now?$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open we hit lows of 1.03... Now, if we can hold the levels of these levels and perhaps go above 1.09 then no worries. However, if we carry on with these moves then things will get very interesting and keep an eye on the Gilt & FTSE! Now it all looks very dismal when it comes towards headlines but actually there are coming amazing investment opportunities the prices we are getting and of course if you're in USA, what a great time for you to visit! For Candle stick traders - dragon fly! Keep alert of what happens next, this week we have a lot speakers out of CB's and most importantly trade your plan! Best, TJ
by Trade_Journal
24
Texas Oil to continue in the downward move at market price?WTI - 24h expiry Our short term bias remains negative. Our bespoke support of 77.06 has been clearly broken. Previous support at 77.50 now becomes resistance. We look for a temporary move higher. We look for losses to be extended today. We look to Sell at 77.50 (stop at 78.30) Our profit targets will be 75.50 and 75.15 Resistance: 77.13 / 77.50 / 78.00 Support: 76.60 / 75.80 / 75.4 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:WTICOUSDShort
by OANDA
NZDJPY BUY | Idea Trading AnalysisNZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Long
by TheGrove
1
S&P 500 approaching trendline supportFollowing the technology-led drop, the S&P 500 is now nearing potential support around 5390. This is where a bullish trend line going back to October comes into play. It will need to hold this trend line on a daily closing basis to keep the bulls lurking for fresh opportunities. But if the selling continues, then the next possible support area to watch is the highs made in April and May between 5277 to 5350. Below that area, there’s not much support seen until long-term support and the 200-day moving average near the 5,000 zone. Therefore, the bulls better step up their game near these short-term support levels to prevent a larger drop. The bulls need confirmation that the market has at least made a temporary low, given extent of the decline this week and the fact that the market is not quite at the oversold levels of 20 on the RSI indicator yet. By Fawad Razaqzada, market analyst at FOREX.com
FOREXCOM:SPX500
by FOREXcom
GOLD to find sellers at market price?Gold - 24h expiry Posted a Double Top formation. Short term bias has turned negative. 5 negative daily performances in succession. 20 4hour EMA is at 2411.5. We look for a temporary move higher. We look to Sell at 2411.5 (stop at 2427.5) Our profit targets will be 2371.5 and 2361.5 Resistance: 2404.0 / 2412.2 / 2420.0 Support: 2383.9 / 2370.0 / 2350.0 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:XAUUSDShort
by OANDA
6
NZDUSD to continue in the downward move?NZDUSD - 24h expiry There is no indication that the selloff is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.5975 will confirm the bearish momentum. The measured move target is 0.5950. We look to Sell at 0.5990 (stop at 0.6014) Our profit targets will be 0.5930 and 0.5915 Resistance: 0.5990 / 0.6000 / 0.6010 Support: 0.5975 / 0.5960 / 0.5950 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 form a higher low?GBPUSD - 24h expiry The medium term bias remains bullish. The sequence for trading is higher highs and lows. A lower correction is expected. Preferred trade is to buy on dips. Bespoke support is located at 1.2950. We look to Buy at 1.2950 (stop at 1.2910) Our profit targets will be 1.3050 and 1.3070 Resistance: 1.3010 / 1.3040 / 1.3070 Support: 1.2950 / 1.2920 / 1.2890 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
FRA40 Short Setup: Key Levels Near 7732/49 on 4-Hour Chart Monthly TF: Last month's ICMARKETS:F40 price action showed a strong bearish continuation bar, suggesting downward potential despite the overall bullish monthly trend. We're currently in a phase 2 pullback, which means short positions can be considered until the downside move concludes. Weekly TF: The weekly chart presents a more complex picture, with over four weeks of bearish sideways ranging bars. There have been rejections from the bottom, hinting the monthly downward move might be nearing its end. However, the last two weeks' price action, despite being low tests, hasn't really achieved anything that might suggest or confirm the downward move has come to an end. Daily TF: On the daily chart, FRA40 has been ranging for the past few weeks. By combining the monthly (down/pullback) and weekly (bearish sideways) biases, it seems prudent to take a short position from the top of the range towards the bottom. For the 4-hour chart, we will enter a short position with a Sell Limit around 7732.64/7749.48 . We'll place our Stop Loss above 7760.00 to manage risk, and our Take Profit will be the range's low around 7498.00 .
ICMARKETS:F40Short
by iamfotx
USDCHF: 4-Hour Short Trade around 0.8996/0.90012 ZoneLast week's ICMARKETS:USDCHF price action formed a lower low and close, indicating potential for continued downward movement. The high test bar observed a week prior further supports this bearish sentiment. The daily chart shows erratic price action, particularly last Thursday, suggesting a bearish range. We plan to enter a 4-hourly short trade from the top of this range, specifically at the 0.89962/0.90012 zone, for a better risk-reward ratio compared to the 0.89644/0.8970 zone. We'll wait for the price to reach our level around 0.89962/0.90012 . If it doesn't, we'll remain patient and look for another opportunity rather than rushing the trade. Our stop loss will be placed above 0.90061 to manage risk effectively. The profit target is set at last week's low around 0.89258/0.89161 , aligning with the bearish trend.
Short
by iamfotx
1
EURNZD to continue in the upward move?EURNZD - 24h expiry Our short term bias remains positive. Setbacks should be limited to yesterday's low. We look to buy dips. 20 4hour EMA is at 1.7921. There is no clear indication that the upward move is coming to an end. We look to Buy at 1.7928 (stop at 1.7878) Our profit targets will be 1.8048 and 1.8068 Resistance: 1.7978 / 1.8061 / 1.8100 Support: 1.7925 / 1.7900 / 1.7870 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
NZDCHF Long Setup: Buy Entry Near 0.5446/42 on 4-Hour ChartOn the monthly timeframe, last month's price action formed an inside bar, indicating consolidation without a clear bias, although the preceding month closed strongly bullish. The weekly chart also shows an inside bar with a slight rejection from the bottom, but overall, there's no strong directional bias. Daily price action reveals two consecutive ranging bars, suggesting opportunities to consider long positions from support levels or short positions from resistance. On the 4-hour chart, I'm more inclined to go long from the identified support level. Buy Entry : I plan to enter a long position around 0.5446/42 . Stop Loss : I will set the stop loss below 0.5436 to manage risk effectively. Take Profit : The target profit will be around 0.54813 .
Long
by iamfotx
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Offers ample risk/reward to buy at the market. 20 4hour EMA is at 0.9740. We look to buy dips. We look to Buy at 0.9740 (stop at 0.9718) Our profit targets will be 0.9795 and 0.9815 Resistance: 0.9768 / 0.9780 / 0.9800 Support: 0.9740 / 0.9720 / 0.9700 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
GOLD to continue in the upward move?Gold - 24h expiry Yesterday's Marabuzo is located at 2393.5. Price action continues to trade around the all-time highs. The primary trend remains bullish. Dips continue to attract buyers. 20 4hour EMA is at 2388.4. We look to Buy at 2390.5 (stop at 2374.5) Our profit targets will be 2430.5 and 2438.5 Resistance: 2415.0 / 2424.6 / 2431.4 Support: 2405.5 / 2400.0 / 2380.0 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:XAUUSDLong
by OANDA
1
USDCAD to make a reversal on daily support?USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3600. Price action looks to be forming a bottom. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 1.3625 will confirm the bullish momentum. We look to Buy at 1.3600 (stop at 1.3572) Our profit targets will be 1.3670 and 1.3685 Resistance: 1.3625 / 1.3640 / 1.3650 Support: 1.3610 / 1.3600 / 1.3585 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
75: Key Levels Amidst Biofuel Plant Construction HaltShell (SHEL) is navigating significant financial and operational challenges. The company recently announced a delay in the construction of its biofuel plant in Rotterdam, which was initially expected to be operational this year but has now been postponed to 2030. This delay has resulted in a financial setback of at least €554 million, potentially escalating to nearly €1 billion, due to technical challenges and unfavorable market conditions. Given this backdrop, Shell's stock is currently rejecting the key level at 34.315. Here’s what traders should watch: Bearish Scenario: If Shell loses the current low, we could see a trend change. The new area of interest will be around 32.65, where we anticipate potential support. This level becomes crucial as the market absorbs the financial impact of the delayed biofuel plant and Shell’s strategic adjustments. Bullish Scenario: If Shell regains the high at 34.315, we should monitor for new highs above 34.745. In this case, we are targeting a high around 36.75, which could sweep liquidity from a monthly high. This bullish momentum could be driven by positive market reactions to any new strategic initiatives Shell undertakes to mitigate the impact of the delay and to capitalize on future regulatory changes in the aviation fuel sector. The recent halt in the biofuel plant construction adds a layer of complexity to Shell's stock movement. Investors should closely watch these critical levels for potential trading opportunities, considering the broader implications of Shell's operational challenges and market dynamics.
EURONEXT:SHELL
by SeventyFive-Invest
UK100 to find support at market price?UK100 - 24h expiry Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Dip buying offers good risk/reward. We look for a temporary move lower. Further upside is expected although we prefer to buy into dips close to the 8175 level. We look to Buy at 8175 (stop at 8135) Our profit targets will be 8275 and 8295 Resistance: 8480 / 8570 / 8720 Support: 8010 / 7870 / 7725 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:UK100GBPLong
by OANDA
GBPAUD to remain mixed and volatile?GBPAUD - 24h expiry The primary trend remains bearish. Intraday signals are mixed. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9070. We look to Sell at 1.9070 (stop at 1.9102) Our profit targets will be 1.8925 and 1.8905 Resistance: 1.9070 / 1.9100 / 1.9150 Support: 1.9010 / 1.8960 / 1.8910 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
GOLD to find buyers at 50% fibonacci pullback?Gold - Intraday Previous support located at 2355. Levels close to the 50% pullback level of 2354.5 found buyers. Dip buying offers good risk/reward. Our outlook is bullish. Price action continues to trade around significant highs. We look to Buy at 2355.5 (stop at 2343.5) Our profit targets will be 2385.5 and 2393.5 Resistance: 2368.8 / 2387.8 / 2400.0 Support: 2354.3 / 2340.0 / 2320.0 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:XAUUSDLong
by OANDA
FR40 to find sellers at current resistance?FRA40 - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot resistance is at 7700. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7625 will confirm the bearish momentum. We look to Sell at 7700 (stop at 7772) Our profit targets will be 7520 and 7485 Resistance: 7700 / 7750 / 7775 Support: 7600 / 7550 / 7525 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:FR40EURShort
by OANDA
1
EURGBP intraday rallies continue to attract sellers.EURGBP - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a top. Intraday signals are bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8485. We look to Sell at 0.8485 (stop at 0.8500) Our profit targets will be 0.8445 and 0.8425 Resistance: 0.8485 / 0.8500 / 0.8515 Support: 0.8455 / 0.8440 / 0.8425 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