Bullish bounce off overlap support?EUR/GBP is falling towards the support which has been identified as an overlap support and could bounce tot he 1st resistance which is a pullback resistance.
Pivot: 0.8387
1st Support: 0.8355
1st Resistance: 0.8452
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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.
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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.
EUR
EURUSD: Overbought but 1H Channel Up is still intact.EURUSD is massively overbought on its 1D technical outlook (RSI = 73.384, MACD = 0.012, ADX = 38.553) but on the short term we have a Channel Up pattern that's good until broken. The 1H MA50-MA100 Zone is in firm support of this structure and every time a bearish wave like the current one bottoms inside this pattern, the price rallies by +1.15%. So as long as the 1H MA100 holds, buy (TP = 1.09800). If the 1H MA100 fails and breaks, sell and aim for the 1H MA200 (TP = 1.07500>
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EUR/USD is shaping up for a solid short entry.EUR/USD is shaping up for a solid short entry. 🤔🤔🤔
The pair has tested the 61.8% Fibonacci retracement level and a key liquidity zone where stop losses tend to cluster.
At the same time, the dollar index is turning upward on a larger scale.
A short position with tight stops could make sense, with a target around $1.00 .
Considering the increasing geopolitical risks in Europe , holding funds in euros doesn’t seem wise anymore.
In times like these, staying in USD looks like the safest bet.
Dollar Index:
SP500/SPY:
GOLD/USD:
Bullish rise?EUR/JPY has reacted off the pivot which is a pullback resistance and could potentially rise to the 1st resistance which is also a pullback resistance.
Pivot: 161.27
1st Support: 159.43
1st Resistance: 163.74
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 continuation?EUR/GBP is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 0.8403
1st Support: 0.8367
1st Resistance: 0.8442
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/CAD has reacted off the pivot and could drop to the 1st support level which acts as an overlap support.
Pivot: 1.5866
1st Support: 1.5545
1st Resistance: 1.5995
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 overlap resistance?EUR/GBP is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.8441
Why we like it:
There is an overlap resistance level.
Stop loss: 0.8473
Why we like it:
There is a pullback resistance level.
Take profit: 0.8403
Why we like it:
There is an overlap support level that aligns with the 23.6% Fibonacci retracement.
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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.
EURUSD entering multiyear Sell Zone, but might go to 1.160 firstEURUSD hit this week its 1month MA50 for the first time since October 2024. This is the first long term Sell Zone for the pair.
The 1month MA50 - MA100 Zone has formed the last two major peaks of the market (September 2024 and July 2023), so it is highly likely to see a top getting formed here in March-April.
Since however the 10year pattern is a Channel Down and the major bullish wave in 2017 was +21.67%, there is a possibility to see an overextension of the trend a little higher than the 1month MA100.
A max +21.67% rise would take the price a little over 1.1600, which would approach the 1month MA200 (10year Resistance).
This scenario is also supported by the 1month RSI, which during this 10 year span has topped twice at 665.00 and as you see makes a very distinct (nearly) Double Top formation.
In both cases, long term traders/ investors may target below parity prices at around 0.9000.
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EURUSD PoVIn recent months, inflation data in both Europe and the United States has shown contrasting trends, creating an uncertain outlook for the EUR/USD pair. In Europe, inflation has remained relatively stable, but with signs of a slight increase, while in the United States, there has been a more pronounced rise in consumer prices. This scenario has prompted the European Central Bank and the Federal Reserve to carefully assess their respective monetary policies, with potential interest rate hikes in the future. At the same time, recent trade policies under U.S. President Donald Trump have added further volatility to the currency market. In February 2025, Trump imposed significant tariffs on imports from Mexico, Canada, and China, raising global concerns. The European Union criticized the Trump administration for not engaging in negotiations to avoid such tariffs, increasing trade tensions. Trump's actions, including the introduction of a universal 10% tariff on all imports and a 100% tariff on cars produced abroad, have raised questions about their effectiveness in strengthening the U.S. economy and reducing the trade deficit. If these policies do not produce the expected results, we could see the dollar weaken, with the EUR/USD pair potentially surpassing the 1.09300 level, a liquidity intersection point. On the other hand, if Trump's measures prove effective in improving the trade balance and supporting the economy, the dollar could strengthen, pushing the EUR/USD pair towards parity. In summary, the future direction of the EUR/USD pair appears uncertain, influenced by central bank policies and U.S. trade strategies, with potential significant movements depending on the effectiveness of these measures.
Bullish bounce off pullback support?EUR/NOK has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance that aligns with the 50% Fibonacci retracement.
Pivot: 11.63497
1st Support: 11.57264
1st Resistance: 11.73458
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.
EURAUD continues to flirt with the highest point of 2024We mentioned this pair last week and told you to keep an eye on the highest point of 2024. And there we are, MARKETSCOM:EURAUD is flirting with that area. If we continue to see the rate struggling to remain above that hurdle, there might be a chance for a slight retracement.
What do you think?
Let's dig in!
FX_IDC:EURAUD
Let us know what you think in the comments below.
Thank you.
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
EURUSD on its 1W MA200 after 5 months.The EURUSD pair hit on Friday its 1W MA200 (orange trend-line) for the first time in 5 months (since October 03 2024). This is a major Resistance level which initiated a strong -4.00% decline on December 28 2023.
In fact -4.00% declines have been quite common for EURUSD in the past 2 years. However, the pair's strongest Resistance level has been the 1M MA100 (red trend-line) which has formed both market tops on October 01 2024 and July 18 2023.
As a result, the most optimal sell entry would be when the 1W RSI hits its Resistance Zone, with the price probably close to the 1M MA100 within the Lower Highs Zone. On the long-term, the R/R has shifted dramatically in favor of selling right now. If the rejection does happen on the 1W MA200 eventually and won't close any 1W candle above it, we have a short-term Target at 1.04600 (-4.00% decline) and if the rejection takes place higher, we will be expecting a bottom near parity with a technical Target at 1.00500 (Lower Lows Zone).
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Euro can rebound up from support line to 1.1000 pointsHello traders, I want share with you my opinion about Euro. Looking at this chart, we can see that a few days ago, the price entered a range, where it immediately broke through the 1.0425 support level, which aligned with the buyer zone, and then moved to the upper part of the range. After trading near this area for some time, the price dropped back to the buyer zone, reaching the support line before starting to rise again. Soon, the Euro broke the 1.0425 level once more and later exited the range, continuing its upward movement. Not long after, the price climbed to the 1.0805 support level, which coincided with a support area. It traded around this level for a while before breaking through it as well. Following that, the Euro reached the resistance line, reversed, and corrected back to the support area, where it found support again. Recently, it rebounded and started moving upward. Given this, I expect a further rebound from the support line and a breakout above the resistance line. Based on this scenario, my TP is set at 1.1000 points Please share this idea with your friends and click Boost 🚀
EURO - Price can drop to $1.0700, breaking support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price started to trades inside a broadening wedge, where it at once bounced up from support level to resistance line.
Then Euro some time traded in a range, and then dropped to support line of wedge, breaking $1.0420 level.
After this, Euro turned around and made strong upward movement to resistance line of a broadening wedge.
Also, it broke $1.0420 level and soon exited from broadening wedge and broke $1.0770 level too.
Next, Euro continued to move up inside rising channel, where it rose from support level to resistance line.
Possibly, price can rise a little in a channel and then bounce down to $1.0700, breaking support level and exit from channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Euro may rise a little and then start to fallHi folks today I'm prepared for you Euro analytics. Looking at this chart, we can see how the price entered a wedge formation and immediately dropped to the trend line, breaking Support 2. The Euro also made a sharp gap down but soon reversed and started to climb from the trend line within the wedge. Shortly after, the price reached Support 2, which aligned with the support zone, and broke through it. Following this, it continued to rise, reaching the wedge’s resistance line before reversing and making a correction. Later, it returned to the trend line, broke below it, and exited the wedge, falling back to Support 2. For some time, the price traded near this level before making a strong upward impulse, breaking above the trend line, and eventually reaching 1.0770 (Support 1), which also coincided with the support zone. Soon after, the price broke through this level as well and started consolidating around it. Recently, the Euro has continued to push higher. However, in this scenario, I expect EURUSD to rise slightly before dropping below the support level, breaking it. With that in mind, my goal is set at 1.0700. If you like my analytics you may support me with your like/comment ❤️
Digesting the US & Canada job numbers The numbers are out and, so far, the market is reacting logically. Let's dig in!
NASDAQ:AMD
NASDAQ:AVGO
NASDAQ:NVDA
MARKETSCOM:GOLD
MARKETSCOM:EURUSD
MARKETSCOM:DOLLARINDEX
MARKETSCOM:USDCAD
Let us know what you think in the comments below.
Thank you.
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
After strong impulse up, Euro makes correction to 1.0600 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see that the price entered a wedge formation and immediately started to decline. The Euro broke through the 1.0410 level, creating a strong gap before reaching the wedge's support line and beginning to rise. In a short time, it climbed back to the support level and attempted to break it but failed, pulling back slightly. After that, the Euro returned to the 1.0410 support level and finally managed to break through. Following this move, it reached the resistance line of the wedge and made a correction down to the support level. Then, the Euro pushed back up to the resistance line, consolidating near it for a while before dropping to the buyer zone, where it later touched the wedge’s support line again. From there, it made a strong upward impulse, breaking the 1.0410 level once more, exiting the wedge, and surging to 1.0820. However, more recently, the price reversed and started to decline. I believe the Euro may enter a corrective phase after such a strong upward move. Based on this, my TP is set at 1.0600 points. Please share this idea with your friends and click Boost 🚀
EURJPY - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉EURJPY has been overall bearish trading within the falling wedge pattern marked in red.
Since it is retesting the upper bound of the wedge, I will be looking for trend-following sell setups on lower timeframes.
For now, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/JPY Technical AnalysisTrendline Breakout:
EUR/JPY has broken a long-standing descending trendline, which previously acted as dynamic resistance, pushing the price lower. The breakout indicates a potential trend reversal from bearish to bullish.
Retesting Support Zone:
After the breakout, the price has retraced back to a key support zone around 156.000, highlighted in purple. This area has previously acted as a strong demand zone, where buyers have stepped in multiple times. Retesting this zone is a natural price action movement before confirming further upside momentum.
Bullish Projection:
If the support at 156.000 holds, EUR/JPY is expected to resume its bullish movement towards key resistance levels at 158.000 and ultimately 160.000. These levels align with previous price reaction zones, making them crucial take-profit areas for buyers.
Could the Fiber reverse from here?The price is reacting off the pivot and could reverse to the 1st support.
Pivot: 1.0783
1st Support: 1.0598
1st Resistance: 1.1007
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 pullback resistance?EUR/USD is reacting off the resistance which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.0788
Why we like it:
There is a pullback resistance that aligns with the 138.2% Fibonacci extension.
Stop loss: 1.0954
Why we like it:
There is a pullback resistance that is slightly above the 71% Fibonacci retracement.
Take profit: 1.0616
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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.