A lower correction expected from AUDUSD.AUDUSD - 24h expiry
Previous resistance level of 0.6705 broken.
Short term bias has turned positive.
We are trading at overbought extremes.
A lower correction is expected.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
We look to Buy at 0.6625 (stop at 0.6590)
Our profit targets will be 0.6715 and 0.6730
Resistance: 0.6810 / 0.6890 / 0.7010
Support: 0.6620 / 0.6460 / 0.6380
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
EURAUD to breakdown?EURAUD - 24h expiry
Trading within a Corrective Channel formation.
We expect a reversal in this move.
Momentum is flat, highlighting the lack of clear direction.
A move through 1.6450 will confirm the bearish momentum.
The measured move target is 1.6300.
We look to Sell a break of 1.6445 (stop at 1.6495)
Our profit targets will be 1.6325 and 1.6295
Resistance: 1.6525 / 1.6550 / 1.6600
Support: 1.6450 / 1.6400 / 1.6300
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.
NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90)
Broken out of the channel formation to the downside.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 86.75 will confirm the bearish momentum.
Our profit targets will be 86.50 and 86.25
Resistance: 87.00 / 87.50 / 88.00
Support: 86.50 / 86.25 / 86.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Salesforce broke free from a triangle.Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11)
The primary trend remains bullish.
Broken out of the triangle formation to the upside.
Previous resistance at 216 now becomes support.
We look to buy dips.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
This stock has seen good sales growth.
Our profit targets will be 240.11 and 245.11
Resistance: 225.00 / 230.00 / 235.00
Support: 216.00 / 213.00 / 208.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Buying Ethereum at current support.Ethereum - 24h expiry - We look to Buy at 1845 (stop at 1805)
We look to trade the current range.
Price action continued to range between key support & resistance (1840 - 1920) and we expect this to continue.
Bespoke support is located at 1840.
We look to buy dips.
Expect trading to remain mixed and volatile.
Our profit targets will be 1945 and 1965
Resistance: 1863 / 1880 / 1900
Support: 1840 / 1825 / 1800
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AGIThough I already took this position last week, I forgot to share it with all of you here. But don't worry, the play is still active.
What we had as a signal on the Alamos Gold or AGI ticker, is a play I adore to follow up with. We have a bounce out of previous high, which is sitting at 38.2% Fib level and it is currently breaking above the 50MA on the daily time frame.
Something I love to trade, a lot.
My first take profit levels are around $13.8 to $14.13 levels. My second profit target is sitting well above, around $16.5-17 price level.
BIDU, Inversed Head and Shoulders patternMy eyes are glued to Baidu stock, ticker BIDU, as it is forming a perfect trade/invest opportunity for me. Pattern I love the most, Inverse Head and Shoulders on the Weekly time frame.
Things to consider:
1. My first entry point would be right above the 200MA on the Weekly time frame, though the pattern would not be finished on that price level sitting at $146-147, I would like to get some action once the stock breaks this level.
2. My stop loss for this entry would be a bit tight, I don't want to let the action plays around. I want a straight up move and clean progress to the higher price levels. So, the SL will be sitting at $137 level.
3. My second entry will be placed right at the break of the neckline of the Inverse Head and Shoulders pattern. Price level to watch and consider as potential adding to a position would be around $154 to $161 price range. I know, it is a bit large price gap but I am willing to add to positions on those levels.
4. My stop loss for the second entry will be sitting at $147, just above the 200MA level.
5. I will be targeting the $255 level, as that price level would be the same length as the length from Head to Neckline is.
Of course, as always, please do your due diligence. I am aware of the risks of trading and investing, also, I am investing my own cash. Please take care of your money!
GBPJPY to stem dip?GBPJPY - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for sentiment and the uptrend has potential to return.
Previous support located at 179.92.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
We look to Buy at 180.00 (stop at 179.20)
Our profit targets will be 182.00 and 182.40
Resistance: 182.50 / 184.00 / 186.00
Support: 179.10 / 176.70 / 172.10
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 AUDJPY find buyers at market?AUDJPY - 24h expiry
Trading within a Corrective Channel formation.
We look for price action to stay within the channel formation today.
Risk/Reward would be poor to call a buy from current levels.
A move through 95.50 will confirm the bullish momentum.
Short term RSI has turned positive.
We look to Buy at 94.70 (stop at 94.25)
Our profit targets will be 95.90 and 96.20
Resistance: 95.50 / 96.00 / 96.50
Support: 95.00 / 94.75 / 94.50
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.
DUOL Entry, Volume, Target, StopWhen price clears: 146.40
With daily volume greater than average.
Target: 176.00 area
Depending on your risk tolerance: 136.53 gets you 3/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea 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.
AUDUSD to turnaround from current support?AUDUSD - 24h expiry
We are trading at oversold extremes.
Posted a Bullish Hammer Bottom on the 1 hour chart.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
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 0.6650 level.
We look to Buy at 0.6650 (stop at 0.6620)
Our profit targets will be 0.6725 and 0.6750
Resistance: 0.6725 / 0.6810 / 0.6890
Support: 0.6620 / 0.6460 / 0.6380
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.
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.
Bitcoin to break higher?Bitcoin - 24h expiry - We look to Buy a break of 31404 (stop at 30604)
Price action has posted a Doji candle and is neutral for short-term sentiment.
Prices have reacted from 29456.
Price action continues within the short-term bullish trend channel.
31420 has been pivotal.
A break of the recent high at 31420 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 33454 and 33854
Resistance: 31000 / 31375 / 32000
Support: 30300 / 29500 / 29000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry
Prices stalled near resistance and reversed lower.
Trend line resistance is located at 1.0920.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Momentum is flat, highlighting the lack of clear direction.
We look to Sell at 1.0919 (stop at 1.0949)
Our profit targets will be 1.0844 and 1.0834
Resistance: 1.0920 / 1.0940 / 1.0950
Support: 1.0900 / 1.0850 / 1.0840
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.
Is Pinterest awaiting a higher correction?Pinterest - 30d expiry - We look to Sell at 28.88 (stop at 30.28)
In our opinion this stock is overvalued.
We are trading at overbought extremes.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A higher correction is expected.
29.27 has been pivotal.
29 continues to hold back the bears.
Preferred trade is to sell into rallies.
Our profit targets will be 25.58 and 25.08
Resistance: 27.70 / 28.35 / 29.27
Support: 26.97 / 26.00 / 25.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CN50 being a good long at neckline support?CHN50 - 24h expiry - We look to Buy at 12565 (stop at 12465)
Posted a Double Bottom formation.
Neckline support is 12565.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Further upside is expected although we prefer to set longs at our bespoke support levels at 12565, resulting in improved risk/reward.
Our profit targets will be 12815 and 12865
Resistance: 12790 / 13180 / 13660
Support: 12400 / 11845 / 11140
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.