GBPAUD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPAUD
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VST Entry, Volume, Target, StopEntry: with price above 36.50
Volume: with volume greater than average. Normally I would say greater than the volume from the previous high, in this case 6.032M, but given that volume is from earnings, that is unlikely. The more volume the better.
Target: 39.19 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages.
Stop: Depending on your risk tolerance; Based on an entry of 36.51, 35.62 gets you 3/1 Reward to Risk Ratio.
For a higher risk and higher reward trade, enter when price breaks above 35.31 (high from Nov 16) and set your stop below the entry day or day before entry day candle, or wherever your normal risk tolerance allows.
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 take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NVDA Entry, Volume, Target, StopEntry: with price above 505.48
Volume: with volume greater than 41.61M
Target: 590.09 area. this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. YoU might also considering holding some portion of the trade longer as price closes above significant moving averages.
Stop: Depending on your risk tolerance; Based on an entry of 505.49, 477.25 gets you 3/1 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 take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Nikkei to find buyers at market?NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A Doji style candle has been posted from the base.
Price action looks to be forming a bottom.
The primary trend remains bullish.
We look to buy dips.
We look to Buy at 35980 (stop at 35760)
Our profit targets will be 36530 and 36630
Resistance: 37020 / 37940 / 38415
Support: 35730 / 35045 / 34565
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 market?NZDUSD - 24h expiry
There is no clear indication that the downward move 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 0.6075 will confirm the bearish momentum.
The measured move target is 0.6025.
We look to Sell at 0.6100 (stop at 0.6130)
Our profit targets will be 0.6025 and 0.6000
Resistance: 0.6100 / 0.6115 / 0.6130
Support: 0.6075 / 0.6050 / 0.6025
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 market?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.
The preferred trade is to buy on dips.
We look to Buy at 1.2725 (stop at 1.2693)
Our profit targets will be 1.2805 and 1.2825
Resistance: 1.2785 / 1.2825 / 1.2870
Support: 1.2725 / 1.2700 / 1.2655
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.
Will NZDUSD continue in the downward move?NZDUSD - 24h expiry
Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6100 will confirm the bearish momentum.
The measured move target is 0.6050.
We look to Sell at 0.6125 (stop at 0.6149)
Our profit targets will be 0.6065 and 0.6050
Resistance: 0.6125 / 0.6135 / 0.6150
Support: 0.6100 / 0.6075 / 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.
Gold remains mixed and volatile.Gold - 24h expiry
A Doji style candle has been posted from the high.
Price action looks to be forming a top.
The 200 day moving average should provide resistance at 2034.94.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
We look to Sell at 2030.10 (stop at 2042.10)
Our profit targets will be 2000.10 and 1992.10
Resistance: 2032.10 / 2084.45 / 2121.70
Support: 2004.20 / 1984.70 / 1947.45
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.
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
NZDCAD - Hoping for CAD WeaknessSo I actually expect to see CAD strength following the Bank of Canada Interest Rate Decision on Wednesday, however it would be nice to see some weakness heading into the week.
For that reason, I'm not looking to go short just yet, but on my chart I have a small up arrow then down arrow. That's what I'm hoping will happen. If not and I miss the trade... oh well...
That's it - That's all
Trade Safe!
USDCAD Trade Idea with BOC This WednesdayI don't usually trade any central bank meeting but my technicals in this case are really suggesting some further downside pressure with this pair.
Technical Indications Include:
Evening Star Formation with the last 4 candles on daily
RSI Below 50
Fundamentals Include:
Inflation cooling off
Oil showing signs of a bottom
Equity market may spark additional risk-on sentiment which supports commodity currencies.
BTCUSD - Daily + Weekly ViewFirst thing I notice when looking at the daily chart, is the divergence with RSI and price action. Then I can also see we had a breakout below the ascending support.
Now when I take a look at the weekly chart, this is what I see.
The weekly timeframe definitely shows that the bullish momentum has stalled out. Indications of that include; RSI held below 70 along with a relatively strong bearish rejection candle.
This leaves me to now believe there is a chance of a correction perhaps down towards the 37k handle as pointed out on the chart.
For all of the above mentioned reasons, it doesn't make sense for me to hold my long positions and I'm looking for shorting opportunities.
That's it - That's all
Trade Safe
AUDUSD 5:1 R2R Trade IdeaWith everything going on, I'm looking to enter at 0.6585 with a stop loss just below the last 4hr candle's low. I do have a target set at 0.6678 giving this trade idea a 5:1 risk-2-reward.
Reasons why I like this trade include:
1. Economic Calendar forecasts this week are for negative US data
2. Technically on the 4hr, RSI closed above 50 following a hammer + bullish engulfing.
3. Last week equity market closed for the week at all time highs once again. I believe we may see some further bullish strength this week in equities which could add some strength to the risk-on currency pairs such as the AUD, CAD, & NZD .
USDCHF to see a higher correction from 38.2% pullback?USDCHF - 24h expiry
Levels close to the 38.2% pullback level of 0.8682 found sellers.
Rallies should be capped by yesterday's high.
Daily signals are mildly bearish.
Short term MACD is moving lower.
A higher correction is expected.
We look to Sell at 0.8685 (stop at 0.8715)
Our profit targets will be 0.8610 and 0.8580
Resistance: 0.8650 / 0.8685 / 0.8700
Support: 0.8633 / 0.8620 / 0.8600
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.
Will Gold continue to be dominated by selling pressure?Gold - 24h expiry
Selling pressure dominated price action yesterday and we expect this to continue today.
We are trading at oversold extremes.
A higher correction is expected.
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 2033.50 level.
We look to Sell at 2032.80 (stop at 2044.80)
Our profit targets will be 2002.80 and 1996.80
Resistance: 2084.45 / 2120.70 / 2140.20
Support: 2004.20 / 1984.70 / 1947.45
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.
Will US2000 find buyers at market?US2000 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Previous support located at 1924. Preferred trade is to buy on dips.
We look to Buy at 1925 (stop at 1905)
Our profit targets will be 1975 and 2010
Resistance: 2010 / 2080 / 2110
Support: 1865 / 1820 / 1775
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.
Don't Miss This US30 ShortClear topping action is beginning to develop with RSI confirming as bearish momentum is strengthening.
With that said, I'm expecting a stock market correction after such a solid year of performance. Unless US30 makes additional fresh highs, I'm shorting as I expect to see profit taking happening in the days ahead.
That's it - That's all
Trade Safe
NZDUSD to find sellers at previous support?NZDUSD - 24h expiry
Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower.
Further downside is expected.
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 0.6175 will confirm the bearish momentum.
We look to Sell at 0.6225 (stop at 0.6255)
Our profit targets will be 0.6150 and 0.6125
Resistance: 0.6200 / 0.6225 / 0.6250
Support: 0.6175 / 0.6150 / 0.6125
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.
AUDJPY to find buyers at market?AUDJPY - 24h expiry
Reverse trend line support comes in at 97.00.
Further upside is expected.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 97.25 will confirm the bullish momentum.
The measured move target is 98.00.
We look to Buy at 97.00 (stop at 96.60)
Our profit targets will be 98.00 and 98.50
Resistance: 97.50 / 98.00 / 98.50
Support: 97.00 / 96.75 / 96.00
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.
GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰