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DAX to breakdown at overbought extremes?GER40 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Current prices have reacted from a low of 16662, however, we expect further losses to follow. Price action resulted in a new all-time high at 17004. An Evening Doji Star formation has been posted at the high. A break of the recent low at 16662 should result in a further move lower. Daily signals for sentiment are at overbought extremes. We look to Sell a break of 16658 (stop at 16758) Our profit targets will be 16418 and 16348 Resistance: 16793 / 16850 / 16950 Support: 16720 / 16662 / 16600 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:DE30EURShort
by OANDA
SPX500 to retest all time high?US500 - Intraday Price action continues to trade around the all-time highs. There is no indication that the rally is coming to an end. A break of the recent high at 4744 should result in a further move higher. Short-term momentum is bullish. We look for gains to be extended today. We look to Buy a break of 4746 (stop at 4720) Our profit targets will be 4806 and 4826 Resistance: 4744 / 4770 / 4820 Support: 4720 / 4693 / 4650 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:SPX500USDLong
by OANDA
GBPJPY to turnaround?GBPJPY - Intraday Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we prefer to buy into dips close to the 180.22 level. We look to Buy at 180.22 (stop at 179.42) Our profit targets will be 182.22 and 182.62 Resistance: 182.10 / 183.35 / 184.60 Support: 180.30 / 178.00 / 175.15 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
Don't Miss Out on APEUSDT's Upcoming Gains!APEUSDT: Unveiling the Next Profit Potential 🔅APEUSDT is poised to become the next major winner, as per our meticulous analysis. While we can't divulge all the details just yet, it presents an ideal buying opportunity on the technical front. 🔅Firstly, an intriguing transformation unfolds as the supply zone seamlessly transitions into a demand area, resulting in the creation of a new higher high. The ongoing pullback journey now finds APE brushing against a crucial uptrend trendline, thus unfurling a compelling buying opportunity coupled with a favorable risk-to-reward ratio. 🔅Rest assured, we've already posted the entire trade setup in our dedicated channel and will provide timely updates as the market dictates. As it stands, our sentiment remains overwhelmingly bullish on APEUSDT.
Long
by CryptoPAMM
3
Charting UNFIUSDT Course for 80% Potential Gain!🔅 UNFI Overview: UNFIUSDT exhibits a robust bullish trend, supported by several compelling factors. 🔅Higher Highs and Higher Lows: A consistent pattern validating the long-term uptrend. 🔅 Critical Supply Zone Breakout: In September 2023, a decisive break above the vital supply zone at $7.5 occurred. 🔅Wedge Pattern Formation: Following the breakout, UNFI experienced an extended correction forming a wedge pattern. 🔅Wedge Breakout and Retest: Heavy buying pressure led to a breakout from the wedge, followed by a re-test of the $7.5 zone (now a demand zone). 🔅Clean Bounce Off 61.8% Fibonacci Support: The most recent price action shows a significant bounce off the 61.8% Fibonacci support, enhancing the likelihood of an uptrend continuation. 🔅 Trade Setup: Given these factors, we've shared a buy signal in our channel. Anticipating a potential 80% rally, the stage is set for an exciting opportunity. Are you prepared to seize it?
ULong
by CryptoPAMM
DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase. This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
Long
by CryptoPAMM
XVSUSDT 60% Surge Anticipation🔅XVSUSDT exhibits strong uptrend signals. In November, a breakout from the triangle pattern, coupled with a rebound from the demand area, marked the initial phases of an uptrend. Subsequently, a robust breakout above the ascending channel showcased sustained buying pressure. 🔅Despite a significant pullback, XVS found support at the 61.8% Fibonacci retracement level, potentially indicating the conclusion of the correctional phase. The continuation of an uptrend is likely if the current support holds, aiming for a new higher high. 🔅The key resistance at the $10 psychological level, confirmed by a double Fibonacci level, is the next target. A successful reach would translate to a 60% price surge for XVSUSDT. Investors should monitor the support level for trend confirmation and potential entry points.
Long
by CryptoPAMM
NZDJPY to continue in the upward move?NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 90.75 will confirm the bullish momentum. The measured move target is 91.50. We look to Buy at 90.50 (stop at 90.18) Our profit targets will be 91.30 and 91.50 Resistance: 91.00 / 91.40 / 91.50 Support: 90.50 / 90.25 / 90.00 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
SPX500 to find support at previous resistance?US500 - 24h expiry The rally was sold and the dip bought resulting in mild net gains yesterday. An overnight positive theme in Equities has led to a higher open this morning. Previous resistance located at 4610. Dips continue to attract buyers. Previous resistance at 4560 now becomes support. We look to Buy at 4560 (stop at 4540) Our profit targets will be 4610 and 4625 Resistance: 4600 / 4610 / 4650 Support: 4560 / 4537 / 4504 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:SPX500USDLong
by OANDA