EURGBP Potential Upsides Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a buying opportunity around 0.82800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82800 support and resistance area.
Trade safe, Joe.
EUR (Euro)
Fiat Hunger Games: May the Worst Currency Win! Picture this: Fiat currencies are in a brutal marathon... but instead of crossing the finish line, they're tumbling headfirst into a pit of gold. 💸💥
Gold vs. USD, CAD, AUD, NZD, ZAR, INR —and the results are in: everyone’s losing. Some faster than others. Spoiler alert: AUD and NZD are nose-diving like they’re auditioning for the next Fast & Furious movie. Meanwhile, the USD is barely holding its head above water. 🟢
But here’s the kicker: while your dollars, rupees, and loonies are playing "How Low Can You Go," guess who’s quietly laughing all the way to the vault? Russia and China. 🤫
With 1,684 and 1,811 tons of gold stockpiled, they’re not just buying bars—they’re buying insurance against a crumbling fiat system. 🏦✨
And let’s be real—if the world’s biggest players are hoarding gold like it’s a Black Friday deal... what does that say about your hard-earned cash?
Time to ask yourself: Are you in the right race? Or are you sprinting alongside fiat currencies into the abyss?
Gold doesn’t race to the bottom. It’s the finish line. 🏁 #GoldStandard #FiatCollapse
EURUSD: Still bearish long term. Don't buy a falling knife.EURUSD remains heavily bearish on its 1D technical outlook (RSI = 34.500, MACD = -0.006, ADX = 21.396) as the 1 month Channel Down remains intact. The current 4H rebound is the bullish wave of the Channel and technically once the 4H MA50 is hit, it will turn into a bearish opportunity again. We are waiting for that signal to sell towards the bottom of the Channel (TP = 1.0200).
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EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03400 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend 1.03400 support and resistance area.
Trade safe, Joe.
EURO - Price can bounce up from support zone to $1.0430 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few days ago price traded inside flat, where it made a gap and then fell to $1.0470 level, after which started to grow.
Then Euro exited from flat and started to decline inside pennant, where it bounced from resistance line to $1.0470 level.
Price some time traded near this level and then broke it, after which fell to $1.0350 level and then started to grow.
In a short time, price rose to resistance line of pennant, after which bounced from it and fell to $1.0350 level.
Now, Euro traded near this level and I think that it can fall to support zone and some time trades inside.
After this, price can turn around and start to grow to $1.0430 resistance line of pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EUR/USD Year-End Review: A Bearish Outlook for 2025As the curtain fell on 2024, the EUR/USD currency pair concluded the year under a veil of bearish pressure, aligning closely with the predictions outlined in previous analyses. On the final trading day of the year, the pair reached a significant low, hitting our predetermined take profit level at 1.03500. This movement signifies the prevailing market sentiment as we transition into 2025, with indicators suggesting that the bearish trajectory remains firmly in place.
The backdrop of this price action is rooted in a risk-averse atmosphere that has characterized global markets. Investors seeking safety gravitated towards the US Dollar (USD), further dampening the EUR/USD pairing as we approached the New Year break. Such aversion to risk has historically led to a strengthening USD, which paints a challenging picture for the Euro amid ongoing economic transformations across Europe.
As we move into the first week of 2025, all eyes are on the forthcoming US economic indicators, particularly the weekly Initial Jobless Claims data. Analysts predict that the number of first-time applications for unemployment benefits will climb to 222,000, a modest uptick from the previous week's 219,000. Should the actual figures exceed expectations, this could lead to a weakening of the USD in the latter part of the day, introducing an element of volatility into the market.
On the other side of the Atlantic, European Central Bank (ECB) President Christine Lagarde provided insights into the ECB's progress in combating inflation throughout 2024. In her recent statements, she expressed optimism about hitting the inflation targets set for 2025, stating, "Hopefully, 2025 is the year when we are on target as expected and as planned in our strategy." Despite these assertions, the market reaction to her comments was tepid at best, illustrating a possible disconnect between the ECB's hopes and the stark realities facing the Eurozone.
Lagarde’s emphasis on the progress achieved in 2024 indicates a deliberate and strategic approach to monetary policy; however, the actual impact on the Euro remains to be seen. The broader economic conditions in Europe, including persistent inflationary pressures and slower economic growth compared to the United States, add layers of complexity to the Euro's valuation against its American counterpart.
Previous Idea with Take profit reached:
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Euro can exit from pennant and continue to fall nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow and soon broke resistance level, which coincided with the seller zone and continued to grow in range. Later EUR reached the top part of the range and then made a correction movement to the resistance level, after which rebounded and quickly rose back. Then price started to decline and in a short time fell to the 1.0475 level and even made a fake breakout of this level, after which backed up to the range. But soon, the price turned around and dropped to the current resistance level, thereby exiting from the range and breaking the 1.0475 level. Next, the price made an impulse up inside the downward pennant, but later it made a small correction. After this, EUR rose to the resistance line of the pennant and then turned around and dropped to the support line, breaking the 1.0350 level, which coincided with the resistance zone. A not long time ago price bounced from the support line, therefore I think that the Euro can reach the resistance zone and then continue to decline, even exiting from the pennant pattern. That's why I set my TP at 1.0240 points. Please share this idea with your friends and click Boost 🚀
EURCHF 1HR This EUR/CHF 1-hour chart shows a recent shift from bullish to bearish momentum:
Trendline Break: The uptrend has been broken, indicating a potential bearish shift.
Key Levels:
Resistance: Strong resistance around 0.94200.
Support: Key support at 0.93862 has been breached.
Bearish Engulfing: A bearish engulfing pattern below the trendline signals strong selling pressure.
Price Projection: The bearish momentum suggests a move towards the next support level at 0.92852.
Overall, the analysis suggests that EUR/CHF is likely to continue its downward trend in the near term, with the next target being around the 0.92852 level. Traders should look for selling opportunities on retracements, keeping an eye on any potential reversal signals that could alter the bearish outlook.
EURGBP - Europe will pass this winter safely!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is moving in its descending channel. If the resistance range is broken, we can witness the upward movement of this currency pair. A valid break of the drawn upward trend line will provide us with the downward path of this currency pair to the level of 0.82400.
Bloomberg has reported that the cessation of Russian natural gas flow to Europe via Ukraine is likely to heighten competition with Asia and drive up the cost of alternatives. Ukrainian President Volodymyr Zelensky stated on Wednesday that Ukraine hopes increased gas supplies from the U.S. and other producers to Europe will make prices more acceptable.
The flow of gas from Russia to Europe through Ukraine stopped on Wednesday, marking the end of over five decades of this route being the primary channel for gas to the Eurozone. While this move was anticipated after months of political tension, Europe still needs to replace about 5% of its gas supply and may increasingly rely on storage levels that have now dropped below average.
The European Commission noted that the suspension of gas flow via Ukraine on January 1st was a foreseen scenario, and the EU is prepared for it.
Christine Lagarde, President of the European Central Bank (ECB), expressed optimism that the ECB could achieve a 2% inflation rate by 2025. She stated, “We have made significant progress in reducing inflation in 2024 and hope that 2025 will be the year we reach our target as expected and planned in our strategy. However, we will continue our efforts to ensure inflation stabilizes at the 2% medium-term target.”
Meanwhile, UBS has noted that the value of the U.S. dollar has increased, suggesting that investors can sell dollars more robustly and convert them to currencies such as the British pound or the Australian dollar. Despite the recent rise in the dollar’s value, driven by shifts in expectations around Federal Reserve policies and U.S. government actions, the bank believes the dollar remains overvalued.
While UBS does not anticipate a sharp decline in the dollar’s value in the short term, it sees opportunities for investors to pivot toward more attractive currencies. The British pound (GBP) and Australian dollar (AUD) are among its top picks due to their potential to perform well amidst evolving global monetary conditions.
Additionally, according to data from Nationwide, house prices in the UK reached near-record levels at the end of last year. This indicates that the real estate market continues to gain momentum. Nationwide reported that house prices rose by 0.7% on a monthly basis, reaching an average of £269,426 (equivalent to $337,500). This figure is only slightly below the record high of £273,751 recorded in the summer of 2022.
Bearish drop off pullback resitance?EUR/NZD has reacted off the pivot and could drop to the 1st support level.
Pivot: 1.85344
1st Support: 1.83694
1st Resistance: 1.86172
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce? EUR/CHF has reacted off the resistance which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.93535
Why we like it:
There is a pullback resistance level.
Stop loss: 0.93205
Why we like it:
There is a pullback support level that is slightly below the 127.2% Fibonacci retracement.
Take profit: 0.94113
Why we like it:
There is a pullback resistance level.
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Bullish bounce off 50% Fibonacci support?EUR/JPY is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 162.04
Why we like it:
There is an overlap support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 160.32
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Take profit: 164.46
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
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.
Heading into pullback resistance?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0387
Why we like it:
There is a pullback resistance that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.04128
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.0345
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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.
Bullish bounce off overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 162.11
1st Support: 160.33
1st Resistance: 164.78
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?EUR/GBP is reacting off the pivot and could drop to the 1st support.
Pivot: 0.82747
1st Support: 0.82239
1st Resistance: 0.83031
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?EUR/AUD is falling towards the pivot and could rise to the 1st resistance.
Pivot: 1.66281
1st Support: 1.6560
1st Resistance: 1.67917
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into 38.2% Fibonacci resistance?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0385
Why we like it:
There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement.
Stop loss: 1.0445
Why we like it:
There is a pullback resistance level.
Take profit: 1.0343
Why we like it:
There is a pullback support.
Enjoying your TradingView experience? Review us!
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.
EURNZD, H1 - 12?31?24.Drawing fibonacci from last fvg created to previous high.
Price will retrace to next bid level, - fib 382 retracement, for bearish continuation.
Confirmations -
Level to retest - fib 382 retracement.
Level not to break - fib 382 retracement.
Trade Invalidity -
Change in market direction will be confirmed when price breaks 'price-point', 1.85252, and retests. Price must maintain level to continue bull-trend.
- FX_Dispenser,
You're Welcome.
Falling towards overlap support?EUR/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.48484
1st Support: 1.47518
1st Resistance: 1.49932
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price drop from here?EUR/NZD is reacting off the pivot and could drop to the 1st support which aligns with the 38.2% Fibonacci retracement.
Pivot: 1.84535
1st Support: 1.82654
1st Resistance: 1.85426
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.