EURAUD to see a capped rally?EURAUD - 24h expiry
The medium term bias remains bearish.
A higher correction is expected.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.6680.
The hourly chart technicals suggests further upside before the downtrend returns.
We look to Sell at 1.6680 (stop at 1.6730)
Our profit targets will be 1.6540 and 1.6510
Resistance: 1.6660 / 1.6700 / 1.6750
Support: 1.6600 / 1.6550 / 1.6500
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.
EUR
EURUSD: Channel Down showing no signs of reversal yet.EURUSD is on a strong bearish 1D technical outlook (RSI = 37.852, MACD = -0.006, ADX = 18.889) as it is trading inside a Channel Down since September 30th 2024. As long as the 1D MA50 is unbroken, the bearish trend will continue to prevail. Right now the trend has slowed down, but the 1D RSI Rectangle clearly shows that a local top (LH) is in. We will remain bearish, aiming for the Channel'd middle (TP = 1.01700).
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Bearish drop for the Fiber?The price is rising towards the resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0346
Why we like it:
There is a pullback resistance that is slightly below the 50% Fibonacci retracement.
Stop loss: 1.0381
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0263
Why we like it:
There is a pullback support level.
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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.
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot which lines up with the 50% Fibonacci retracement and could drop to the 1st support which acts as a pullback support.
Pivot: 1.0362
1st Support: 1.0262
1st Resistance: 1.0424
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 reversal off 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.48821
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.49410
Why we like it:
There is a pullback resistance level.
Take profit: 1.47454
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.
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 163.78
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 164.76
Why we like it:
There is a pullback resistance level.
Take profit: 162.12
Why we like it:
There is an overlap 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.
Strong support zone building bouncy momentumStrong support and resistance zones marked, trends are clear, volatility is seen. Down at support zone is also a trend line marked from the past with multiple reactions, now it acts as support combined with horizontal support. Price had much volatility down to support zone, and then price quickly slowed down and now signifying a reversal.
EURO - Price can fall to support line of channel and bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price declined inside wedge, where it broke $1.0770 level and declined to $1.0335 level.
Then price turned around and bounced up, making a gap and exited from wedge, after which continued to fall in channel.
Inside falling channel, Euro rose to resistance line first and then bounced and dropped to $1.0335 level.
After this movement, price some time traded near this level inside resistance area and even later fell to support line of channel.
Euro tried to back, but when it entered to resistance area, it at once turned around and fell back.
Now, I think that Euro can fall to support line of channel and then bounce up to $1.0450, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Euro can break support level and drop to 1.0240 points in wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few moments ago declined inside the downward channel, where it broke the 1.0485 level, which coincided with the seller zone. Then price exited from the channel and continued to fall in a broadening wedge, and later reached a support level, which coincided with the buyer zone. Euro some time traded near and then started to grow to a resistance line of wedge. When the price reached this line, it turned around and started to decline. So, in a short time, the EUR declined to the 1.0345 support level, broke it, and declined to support line of the broadening wedge. But a not long time ago it turned around and rose to support level back. Also recently, the Euro broke this level and now trades very close, so, in my mind, the price can rise a little more, after which starts to decline. Firstly price can decline to the support level, break it, and make a retest, or at once continue to decline without retesting inside the broadening wedge. For this case, I set my TP at 1.0240 points. Please share this idea with your friends and click Boost 🚀
EURGBP intraday rallies to continue attract sellers?EURGBP - 24h expiry
The primary trend remains bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the downward move is coming to an end.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
50 1day EMA is at 0.8310.
We look to Sell at 0.8309 (stop at 0.8329)
Our profit targets will be 0.8259 and 0.8249
Resistance: 0.8300 / 0.8315 / 0.8328
Support: 0.8285 / 0.8263 / 0.8250
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.
EUR/AUD looks ready to tap outFrom a purely technical perspective, EUR/AUD could look appealing to bears. Resistance was found at 1.68 before bearish range expansion and a potential bear flag followed. But I also feel like we have seen this movie before (even if it was upside down).
In late November we saw a false break of the June and October lows before a bull-flag breakout occurred. we then saw another leg higher, bullish breakout and retest of the 200-SMA before its final leg higher.
If the reverse is to play out, we could now be in for a bull-flag breakdown towards the 200-day SMA, bearish consolidation, then breakdown and retest of the 200-day SMA before its final leg lower.
From a fundamental perspective, I believe markets have priced RBA cuts in too aggressively and the USD could be in for a pullback. And if Trump's policies really are less inflationary as feared, it could trigger a risk-on rally which could benefit an arguably oversold AUD over the euro.
And that is why I am now hunting EUR/AUD shorts.
MS
Potential bullish rise?EUR/AUD has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 1.65908
1st Support: 1.64787
1st Resistance: 1.67157
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 reversal?EUR/NOK is rising towards the pivot and could reverse to the 1st support.
Pivot: 11.79172
1st Support: 11.67922
1st Resistance: 11.88396
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.
Potential bullish bounce?EUR/CAD is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.48219
1st Support: 1.47448
1st Resistance: 1.49226
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/NZD is falling towards the pivot which is an overlap support and could bouncer to the 1st resistance.
Pivot: 1.8271
1st Support: 1.81566
1st Resistance: 1.84096
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.
EURUSD Buy signal on (4h)EURUSD is trading inside a Channel Down and is pulling back on the (4h) time frame after a double top near the MA200 (4h).
The crossing under the MA50 (4h) is following a pattern similar to December 2nd, which turns it now into a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.04500 (MA200 4h and under the +2.88% move that December did).
Tips:
1. The RSI (4h) is approaching the 40.00 level of the December 2nd bounce. Additional buy signal.
Please like, follow and comment!!
Bullish bounce off 50% Fibonacci support?EUR/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0335
Why we like it:
There is a pullback support that aligns with the 50% Fibonacci retracement.
Stop loss: 1.0265
Why we like it:
There is a pullback support level.
Take profit: 1.0442
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.
EURUSD, swing of the year.FOREXCOM:EURUSD / 1D
Hello Traders, welcome back to another market breakdown.
EURUSD is showing strong bearish momentum after the dollar index DXY
broke above the 2 years range. However, the price is oversold for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry.
If the pullback holds and sell off confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Second resistance: Yearly lows.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
LONG Position on EUR/NOK: Analysis and RationaleHello readers, my name is Andrea Russo, and today I want to share with you my latest trading decision: opening a LONG position on EUR/NOK. After conducting a thorough market analysis, I decided to enter this trade based on clear signals from different timeframes. Here is a detailed overview of my observations and the rationale behind this choice:
1-Hour Chart (1H): On the 1-hour chart, I identified an oversold signal in the Wave Trend indicator. This tool is known for pinpointing potential trend reversals, and in this case, it suggests a likely bullish rebound in the short term.
4-Hour Chart (4H): On the 4-hour chart, the price broke above the Alligator indicator configuration. This breakout often signals the start of a stronger upward trend, which gave me further confidence in the bullish momentum.
Daily Chart (1D): On the daily chart, we are situated in a well-defined bullish zone. This confirms that the long-term trend is favorable for a LONG position.
These three combined signals reinforce my decision to go long on EUR/NOK. Analyzing multiple timeframes provides me with a clearer perspective and helps minimize risks, ensuring that I trade with a well-structured strategy.
Bearish reversal off overlap resistance?EUR/JPY is rising towards pivot which is an overlap resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 164.97
1st Support: 162.65
1st Resistance: 166.66
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.
Potential bearish drop?EUR/NZD has reacted off the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.84169
1st Support: 1.82679
1st Resistance: 1.85339
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.
Overlap resistance ahead?EUR/NOK is rising towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 11.79425
1st Support: 11.66326
1st Resistance: 11.88396
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.