XPDUSD: Inverted Hammer after setting Higher LowXPDUSD formed an inverted hammer candle after setting an Higher Low which indicates the continuation of the uptrend. Going long with stop loss at last HL. by adeelahm19790
Palladium at oversold extremes in a bearish channel.Palladium - 24h expiry We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. The current move lower is expected to continue. Trading within a Bearish Channel formation. Trend line resistance is located at 1248. The sequence for trading is lower lows and highs. We look to Sell at 1249.4 (stop at 1273.4) Our profit targets will be 1189.4 and 1179.4 Resistance: 1250 / 1257 / 1270 Support: 1227 / 1215 / 1202 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.Shortby OANDA3
XPD remains in a sequence of lower highs and lows.Palladium - 24h expiry Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Previous support level of 1262 broken. We are trading at oversold extremes. We look for a temporary move higher. 50 4hour EMA is at 1290. We look to Sell at 1304.8 (stop at 1328.8) Our profit targets will be 1244.8 and 1234.8 Resistance: 1257.7 / 1275 / 1300 Support: 1245 / 1225 / 1202 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.Shortby OANDA2
PALLADIUM , LONG , COT Strat research , idea 2I am working at at the very begginings of a strat where I would like to use COT data and price action to take futures/forex trades , right now this is idea 2. The logic is we have non commercials , reportables and non reportables , both short , reportables being extremely short vs average deviation ( just looking at it visually at this point ) So , not a long yet but , this would probably be something to focus on after the chart ok's the entry , my goal here is to observe and assess , right now this looks like exactly the prerequisites that I want to have A contrarian perspective and for the price to confirm with a change of structure when most people are short , I imagine the ideal trades will be non-commercials net positioning opposite of what we are doing and notably in excess of average deviation norms. This is to start the very initial research of what could become a strategy, I want to find 8 more ideas like this , I have learned that strategy development takes lots of time , so I expect the initial research to take between 6 months and 1 year before anything live happens .. and then if it does work out I will start small . Perhaps using etf's vs futures contracts to do so with applicable stuff is one idea .... Longby NAK1987Updated 5
Palladium in inverted head and shoulders?Palladium - 24h expiry A bullish reverse Head and Shoulders has formed. Bespoke support is located at 1355. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended. Offers ample risk/reward to buy at the market. We look to Buy at 1350.1 (stop at 1326.1) Our profit targets will be 1410.1 and 1420.1 Resistance: 1370 / 1380 / 1400 Support: 1348 / 1335 / 1315 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.Longby OANDA4
Will Palladium Slide Down To $1000?Palladium, which hit an all-time high of $3433 in March 2022, has since experienced a major downturn, plunging below the $3000 support level and losing 34% of its peak value by the end of that month. The downward trend persisted throughout 2022, breaching the critical $2000 level in October. A significant bearish move in February 2023 further pushed the price below the $1543 support level from December 2021, turning it into a formidable resistance level. This has led to a further drop to a four-year low of $1305. Now, with a total decline of over 58% from its all-time high, palladium may continue to fall towards the $1000 mark unless buying sentiment changes. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.Shortby Sublime_Trading2323634
Palladium primary trend remains bearish.Palladium - Intraday The primary trend remains bearish. Preferred trade is to sell into rallies. 20 1day EMA is at 1397. Trading has been mixed and volatile. Daily signals for sentiment are at oversold extremes. We look to Sell at 1397.8 (stop at 1421.8) Our profit targets will be 1337.8 and 1327.8 Resistance: 1400 / 1415 / 1430 Support: 1380 / 1360 / 1340 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.Shortby OANDA5
Palladium Going UP BUYSo according to the last analysis, I can easily say that it will go up and the price will rapidly increase. Its an expert guarantee.PLongby Fred51024
XPDUSD - Palladium Surplus?Analysis: When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement levels which is why this isn't one of our favourite setups but still one that we are looking at. To add more clarity to this setup we need to look at the fundamentals. The USD is very strong at the moment and each week we see the USD getting stronger so this isn't something that we want to be going against. One of the main uses of palladium is for catalytic converters in car exhaust systems but with EV cars taking over the market we're starting to see less demand for palladium and it seems like there could be a surplus of palladium which would push price down further. With all of the confluences factors that we have we see price continuing its downwards trend that it is in. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.Shortby jpeacockfxUpdated 22229
Palladium BUYIt's obvious that Palladium has reached to strong demand zone. a buy will last for approximately 50 days from now. Thank me later.PLongby Fred5102114
XPDUSD-TREND REVERSALXPDUSD is reversing its trend as it has completed bullish ab=cd pattren with bullish divergence at point d and also forming a inverse H&S pattrenLongby uasghar2801
Palladium continuous Bear Market. This is entirely linked to the South African economy, having reached all-time lows against the dollar. South Africa the largest producer of Platinum has suffered significantly due to its inability to keep its lights on, this of course affects the production of platinum and the whole economy. As power cuts intensify platinum and palladium will continue to plummet.Shortby Samnzimande222
Palladium's primary trend remains bearish.Palladium - 24h expiry Our short term bias remains negative. The primary trend remains bearish. Preferred trade is to sell into rallies. Previous support at 1395 now becomes resistance. We look for a temporary move higher. We look to Sell at 1394.8 (stop at 1418.8) Our profit targets will be 1334.8 and 1324.8 Resistance: 1373 / 1395 / 1415 Support: 1350 / 1330 / 1300 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.Shortby OANDA5
PALLADIUM Buy opportunity on the 1D MA50.Last time we looked into Palladium (XPDUSD) is was almost a year ago: This time the price has formed a Channel Up pattern after breaking above the dashed Lower Highs trend-line form the October 04 2022 High. The price is exactly on the 1D MA50 (blue trend-line) now, near the bottom of the Channel Up, which makes it a technical buy. Our target is the top of the Channel Up at 1685. A break below the 1420 Support, will be a sell signal instead, targeting the 2.0 Fibonacci extension at 1200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot3310
XPDUSD-AB=CD pattrenXPDUSD AB=CD bullsih pattren as we short it till point d and if bullish divergence occurs on point d we,ll buy from there.Shortby uasghar2801
Is Palladium to extend its losses?Palladium - 24h expiry There is no indication that the selloff is coming to an end. We look for losses to be extended today. Short-term oscillators have turned negative. Expect trading to remain mixed and volatile. The primary trend remains bearish. We look to Sell a break of 1501.8 (stop at 1525.8) Our profit targets will be 1441.8 and 1431.8 Resistance: 1513.5 / 1525 / 1540 Support: 1502.5 / 1480 / 1460 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.Shortby OANDA2
XPDUSD-TREND REVERSALXPDUSD is reversing its trend as it has made falling wedge and BULLISH divergence.Longby uasghar2801
Palladium Will the precious metal rebound in 2023?Palladium prices have spiked following the invasion of Ukraine by Russia, the metal’s biggest exporter, yet stabilised further in 2022 as chip shortages and the push for electric vehicles (EVs) depressed automotive demand. On the supply side, with floods and weather conditions overcome, analysts suggest a palladium surplus in 2023 is possible. Where next for the precious metal and can it find new use cases amid the growing popularity of EV vehicles? Here we take a look at what factors are shaping the palladium price forecast. What is palladium? Palladium is a silvery-white precious metal discovered in Brazil in the 1700s, where it was dubbed “worthless gold”. It was not until 1803 that the metal was finally extracted by English chemist and physicist William Wolaston. Today palladium can be found in sulphide minerals, such as braggite, and is extracted as a by-product of nickel, copper and zinc. Along with platinum, ruthenium, rhodium, iridium and osmium, palladium is one of the six metals of the platinum group (PGMs). These metals are extremely rare and are valued for their superior catalytic features. The majority of palladium supply is used for catalytic converters – devices embedded in the exhaust system of fossil fuel-powered cars to neutralise harmful emissions. The rapidly growing popularity of EVs is expected to hurt palladium demand as they do not require catalysts. The silvery-white metal is also used in electronics, for example, in ceramic capacitors of laptops and phones; in dentistry, for fillings and crowns; and in jewellery as an alternative to platinum. South Africa, Russia, Canada, the US and Zimbabwe were the biggest palladium producers in 2021, according to data collected by Statista. Meanwhile, the biggest palladium-exporting countries were Russia, South Africa, the US, the UK and Italy. The biggest importers were the UK, the US, Canada, Hong Kong and Switzerland, WITS data showed. Due to its rarity, palladium is often seen as an investment asset. Traders can speculate on palladium prices through various instruments, including spot palladium trading, futures and options contracts, palladium mining stocks and exchange-traded funds (ETFs), and financial derivatives. Note that all trading contains the risk of making a loss. Palladium price analysis As with any commodity, palladium price is primarily shaped by the forces of supply and demand. The palladium spot price rallied in 2020 amid supply deficits caused by pandemic-induced restrictions in exporting countries. An outage at an Anglo American (AALI) plant in South Africa in 2020 further tightened supply. And in February 2021, flooding at a mine and an accident at a concentrator reduced production at Russia’s Nornickel (Norilsk Nickel) (MNODI), the world’s largest palladium producing company. Palladium futures on New York Mercantile Exchange (NYMEX) reached their 2021 peak of HKEX:2 ,976 per troy ounce (/oz) in May 2021. In the second half of 2021, however, the global semiconductor chip shortage caused automotive manufacturers worldwide to cut production. This had a knock-on effect on palladium demand, with the futures prices falling to $1604/oz in December 2021. Although the invasion of Ukraine by Russia pushed palladium prices to an all-time high of HKEX:3 ,146/oz in March 2022, prices quickly stabilised, offset by the US dollar’s strength and an ongoing decline in automotive demand. In the last months of 2022, palladium futures have been hovering around the HKEX:1 ,900/oz mark. Supply to “shift into surplus” in 2023 In August 2022, Russia-based palladium giant Nornickel said that supply chain disruptions caused by the Western sanctions have reduced its sales for the first half of 2022. In its second-half report, the company pointed out that supply was expected to grow in 2022, however, “the downside risk remains due to the infrastructure flooding at the Stillwater mine and a potential strike at the Sibanye-Stillwater assets in South Africa”. Johannesburg-based precious metal producer Sibanye-Stillwater’s mine operations in Montana were hurt by a significant flooding event in June 2022. It forced the firm to cut its output forecast to 445,000-460,000 ounces in 2022, according to the latest half-year report. In its precious market forecast for 2023, Heraeus Group argued that “primary palladium supply is projected to rebound as mines affected by weather-related incidents this year will be back to normal output and the stock built up by a delayed smelter rebuild in South Africa should be processed in 2023.” “Secondary supply is expected to be marginally higher, but if economic conditions deteriorate further, automotive recycling could disappoint,” they added. In a September 2022 note, Bank of America (BofA) expected palladium to “slowly shift into surplus”, with global consumption projected to rise 4.5% in 2023 and global consumption to fall by 5.8%, leaving the metal with a balance of 1.809m ounces. The surplus was expected to grow to 2,339 ounces in 2024. “Palladium will likely be oversupplied in the medium term,” the bank said. Automotive demand remains low In other palladium price news, Nornickel also said that “global automotive market recovery is deferred to 2023” amid a “lack of semiconductors and supply chain interruptions impact vehicle output”. The firm saw automotive production recover in 2023, growing 11% to 89m units alongside improving chip availability. In their December palladium price outlook, ANZ research analysts pointed out that “easing semiconductor supply tightness could revive auto-sector demand for PGMs”. They added: “That said, doubts around the economic outlook could cap the upside. Russia supplies over 35% of global palladium, and disruptions have been limited so far.” The growing popularity of EVs and the push for sustainable energy along with macroeconomic headwinds pose risks to palladium demand from the automotive sector, according to Heraeus Group analysts, who noted: “Automotive demand is estimated to be slightly lower at 7.7 million ounces in 2023. Light-vehicle production is expected to improve somewhat as supply chain issues that have dogged production are overcome. However, ongoing market share gains by battery electric vehicles and a recession in Europe and the US could limit the uplift in internal combustion engine light-vehicle production, and substitution of platinum into gasoline three-way catalysts at the expense of some palladium also constrains the demand upside.” Palladium price forecast for 2023 and beyond In their palladium price forecast for 2023, ANZ Research saw the metal trading at HKEX:2 ,048/oz in the year, falling back to HKEX:1 ,805/oz in 2024. “We see platinum outperforming palladium as demand for the precious metal is boosted from both jewellery and industrial sectors. Further, normalising of the supply chain should see growth in auto catalyst demand,” said ANZ research analysts in a December note. In September 2022, Bank of America set a 2023 target for the future value of palladium at $1740/oz, noting that “chip shortages cap the upside to prices, but a normalisation of dislocations should ultimately boost demand.” BofA’s palladium price forecast for 2025 saw the precious metal trading at HKEX:1 ,564 and falling to HKEX:1 ,497/oz in 2026. Heraeus Group predicted palladium's future price to trade between HKEX:2 ,259/oz and HKEX:1 ,300/oz in 2023, “as the market is moving into surplus which weighs on the price.” The analysts said: “With a slight reduction in demand and an increase in primary supply, the market is likely to be in surplus even if secondary supply underperforms expectations.” TD Securities spot palladium price predictions saw the metal trading at HKEX:1 ,879/oz in the first quarter of 2023, rising to HKEX:2 ,100/oz by early 2024. In 2025, the firm saw the precious metal falling back to HKEX:1 ,950/oz. TradingEconomics, meanwhile, as of 15 December, expected palladium to trade at HKEX:2 ,032.00/oz by the end of this quarter. “Looking forward, we estimate it to trade at HKEX:2 ,300.09 in 12 months time,” the website added. Analysts refrained from providing palladium price forecasts for 2030 due to a number of uncertainties at play. Final thoughts Remember, analysts and algorithm-based predictions can be wrong. Palladium price forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before trading, looking at the latest news, technical and fundamental analysis, and a wide range of commentary. Keep in mind that past performance does not guarantee future returns, and never trade money you cannot afford to lose. Shortby DaveBrascoFX4
XPDUSD - Falling Wedge formedFormation of falling wedge combined with divergence is signaling bullish breakout. Longby m-kashif7861
Palladium to breakdown?Palladium - 24h expiry - The primary trend remains bearish. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The bias is to break to the downside. Our outlook is bearish. We look to Sell a break of 1572.9 (stop at 1596.9) Our profit targets will be 1512.9 and 1502.9 Resistance: 1590 / 1605 / 1625 Support: 1574 / 1555 / 1520 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.Shortby OANDA113
W9.1-11 PALLADIUM BULLISH IDEA (BULLISH FLAG)POTENTIAL BULLISH ENTRY Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues) Formation of bullish flag coupled (continuation pattern) SL & TP Levels are defined.Longby khabeerkhalid0
Will Palladium break the down channel?Palladium has been consolidating over a strong support line for a couple weeks. Now it is trying to break the down channel. If it breaks we may see a quick 10% move which Palladium loves to do. Next strong resistance area is around 1600. If we manage to clear that region as well, Palladium may return those old strong days again. The main challenges in front of Palladium are the recession fear and the pressure on the price of the commodities which Russia exports. But if Palladium wears the precious metal hat, then it can benefit from the current Bank crisis where Yellen aunt said she will not secure all the deposits. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.Longby WhaleGambitUpdated 0
Palladium keeps finding support at the trend line.Palladium - 24h expiry - Offers ample risk/reward to buy at the market. We are trading at oversold extremes. Trend line support is located at 1420. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary move lower. We look to Buy at 1421.2 (stop at 1397.1) Our profit targets will be 1481.1 and 1491.1 Resistance: 1475 / 1490 / 1500 Support: 1450 / 1435 / 1420 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.Longby OANDA4