US30 to continue in the upward move?
US30USD - Intraday
Price action continues to be mixed and volatile for 4 days in succession resulting in spikes in both directions.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
There is no clear indication that the upward move is coming to an end.
Economic figures could adversley affect the short term technical picture.
The trend of higher highs is located at 36310.
The 261.8% Fibonacci extension is located at 36474 from 35964 to 36157.
Further upside is expected and we look to set longs in early trade.
We look to Buy at 36050 (stop at 35950)
Our profit targets will be 36300 and 36350
Resistance: 36157 / 36310 / 36475
Support: 36060 / 35963 / 35670
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.
Price action continues to be mixed and volatile for 4 days in succession resulting in spikes in both directions.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
There is no clear indication that the upward move is coming to an end.
Economic figures could adversley affect the short term technical picture.
The trend of higher highs is located at 36310.
The 261.8% Fibonacci extension is located at 36474 from 35964 to 36157.
Further upside is expected and we look to set longs in early trade.
We look to Buy at 36050 (stop at 35950)
Our profit targets will be 36300 and 36350
Resistance: 36157 / 36310 / 36475
Support: 36060 / 35963 / 35670
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.
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