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GBPUSD to find support at market price?GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. Setbacks should be limited to yesterday's low. We look to Buy at 1.2640 (stop at 1.2604 Our profit targets will be 1.2730 and 1.2750 Resistance: 1.2700 / 1.2740 / 1.2780 Support: 1.2640 / 1.2600 / 1.2570 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCHF to find buyers at current support?USDCHF - 24h expiry Levels close to the 50% pullback level of 0.8789 found buyers. Prices have reacted from 0.8742. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We look to buy dips. Our outlook is bullish. We look to Buy at 0.8790 (stop at 0.8762) Our profit targets will be 0.8860 and 0.8875 Resistance: 0.8821 / 0.8838 / 0.8850 Support: 0.8790 / 0.8770 / 0.8742 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
Ascending Triangle Points to Bullish ContinuationIntro BINANCE:BTCUSDT gearing up for a significant move today, and I'm here to break down the potential price action. Over the weekend, BTC moved interestingly, closing the CME gap and aligning with the CME's close price as we stepped into Monday. With this setup, we're eyeing an imminent breakout. Weekend Wrap-up and the CME Gap: The weekend saw Bitcoin hovering below the CME gap, but as predicted, it pulled back to around the $52,160 mark by Monday. This retest sets us up for the next leg. Ascending Triangle Formation: On the charts, Bitcoin is carving out an ascending triangle, a classic continuation pattern hinting at a bullish outcome. Given the trend's bullish nature, I'm eyeing an upward move, with immediate targets set around $54,000. Should a bearish scenario unfold, which seems less likely now, support at $50,000 will be crucial. ETF Flows and Market Reaction: The Bitcoin ETF market dynamics play a pivotal role. Although ETF flow data is typically available the next day, I'll be the first to update on Twitter. These inflows can trigger the breakout, so stay tuned. Liquidation Heatmap Update: A staggering $1.2 billion in Bitcoin short positions has accumulated above the current price level. A break above $53,000 could trigger a massive squeeze, potentially propelling BTC towards and beyond $54,000. Funding Rates and Market Sentiment: High funding rates indicate a market leaning towards long positions, a sign of bullish sentiment. Though it also suggests caution as markets could be getting overextended. But in bull markets, this is common. Technical Milestones: Bitcoin's weekly close has confirmed above the critical 0.618 Fibonacci level, a bullish signal historically leading to robust bull markets. The next resistance to watch is between $57.5k to $58,000, my target for the next potential pullback. Ethereum's Outlook and the Upcoming ETF: COINBASE:ETHUSD is also worth your attention as its Spot ETF looms, set to debut in about 95 days. With a lower market cap than Bitcoin, inflows could have a more pronounced impact, making ETH a compelling trade in the coming months. Remember, whether you're trading on the spot or futures, stay updated, and don't overextend your positions. Bitcoin is showing all the signs of a bull run, but as always, the markets can surprise us.
COINBASE:BTCUSDLong
by CryptoSeaTV
Trading Idea - #OcugenMy trading idea for - #Ocugen - BUY Entry: 0.95 USD Target: 8.00 USD (+720% profit) Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. The firm's modifier gene therapy platform is engaged in addressing retinal diseases, including retinitis pigmentosa, leber congenital amaurosis, and dry age-related macular degeneration. The company was founded by Shankar Musunuri and Uday B. Kompella in 2013 and is headquartered in Malvern, PA. Institutional Trading of Ocugen A number of large investors have recently added their stakes in OCGN. JPMorgan Chase & Co. increased its holdings in Ocugen by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 4,015,742 shares of the company's stock worth $13,251,000 after buying an additional 693,786 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Ocugen during the first quarter worth about $47,000. Cetera Investment Advisers purchased a new stake in Ocugen during the first quarter worth about $50,000. Vanguard Group Inc. increased its holdings in Ocugen by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,906,557 shares of the company's stock worth $35,991,000 after buying an additional 301,063 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in Ocugen during the first quarter worth about $34,000. Hedge funds and other institutional investors own 21.50% of the company's stock. Ocugen Price Target Raised to $7.00/Share From $5.00 by HC Wainwright & Co.
NASDAQ:OCGNLong
by Traderherz-Analytics
2
NZDUSD remains volatile in a trading range.NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the daily chart. Pivot resistance is at 0.6140. We expect a reversal in this move. A move through 0.6100 will confirm the bearish momentum. The measured move target is 0.6050. We look to Sell at 0.6140 (stop at 0.6166) Our profit targets will be 0.6075 and 0.6060 Resistance: 0.6120 / 0.6140 / 0.6150 Support: 0.6075 / 0.6065 / 0.6050 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
NZDJPY to find buyers at current support?NZDJPY - 24h expiry Trading within a Bullish Channel formation. Dips continue to attract buyers. The hourly chart technicals suggests further downside before the uptrend returns. A lower correction is expected. Bespoke support is located at 91.30. We look to Buy at 91.30 (stop at 91.00) Our profit targets will be 92.05 and 92.25 Resistance: 91.90 / 92.20 / 92.40 Support: 91.30 / 91.00 / 90.70 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
XEMUSDT Potential 25% to 100% UpswiningXEMUSDT has showcased a commendable adherence to the support area, followed by a robust bounce off the average-price uptrend trendline. A buy signal shared in our channel about a week ago has already yielded profitable results, with an imminent upside potential. While our initial upside target is within reach, the price surge over the upcoming weeks could be substantial, ranging anywhere between 25% to 100%. It's advisable to closely monitor this opportunity as it unfolds.
Long
by CryptoPAMM
1