EURGBP to find bears at market price?EURGBP - 24h expiry
We are trading at oversold extremes.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 0.8320 and 0.8305
Intraday - We look to Sell at 0.8370 (stop at 0.8390)
Resistance: 0.8352 / 0.8375 / 0.8390
Support: 0.8340 / 0.8330 / 0.8317
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.
Tradeidea
Apple: Entry, Volume, Target, StopEntry: above 237.23
Volume: above 51.91M
Target: 250.84 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 237.24, 230.44 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.
CHINA50 to continue in the upward move?CHN50 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 12250 will confirm the bullish momentum.
The measured move target is 12350.
We look to Buy at 12100 (stop at 12000)
Our profit targets will be 12300 and 12350
Resistance: 12250 / 12300 / 12350
Support: 12150 / 12100 / 12000
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.
TSM: Entry, Volume, Target, StopEntry: above 175.45
Volume: above average
Target: 197.89 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 175.46, 167.96 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.
Bagging 40 on MNQ and leaving Working on my greed and patience, thankfully this was the right move to make, as I see in hindsight that at 10:59am the market completely reversed on this trade idea and melted lower.
Excited to see where the market is going to end up, I am just happy to end the day profitable, alive and well.
ACGL: Entry, Volume, Target, Stop (LONG & SHORT Ideas)LONG IDEA: (shown on chart)
Entry: greater than 114.65
Volume: greater than 1.125M
Target: 129.34 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 114.66, 109.77 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 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.
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SHORT IDEA: (not shown on chart)
Entry: lower than 108.77
Volume: greater than 1.308M
Target: 104.50 area
Stop: Depending on your risk tolerance; My stop would be no higher than 111.87 (the high on 9/11), but absolutely no higher than the previous high of 114.65.
This SHORT 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.
NVIDIA Corporation (NVDA) short term outlook is bullishNVDA is currently consolidating within a bullish flag pattern, as indicated on the chart. A breakout above the current consolidation zone is likely before the price can move towards the $127 resistance level. If the stock breaks out of the flag with strong volume, it would confirm a continuation of the recent bullish trend. Once the breakout occurs, the next target would be $127, where the descending triangle's resistance comes into play. However, a failure to break out of the flag pattern could lead to a pullback towards $105 support. The stock's proximity to its 50-day moving average adds significance to this area. Monitoring the breakout from the flag pattern is key for confirming the next upward move.
3M Company (MMM) trade ideaMMM is forming a rising wedge pattern nearing a crucial resistance level. A breakout from this level, combined with increased volume, could signal further upward momentum. Keeping an eye on how the stock interacts with its moving averages will be key in validating any possible breakout.
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.
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!