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.
EUR
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.
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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.
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.
Bullish bounce off pullback support?EUR/NZD is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.83656
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retraecment.
Stop loss: 1.82385
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Take profit: 1.85286
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.
EURUSD Channel Up targeting the 4H MA200.The EURUSD pair broke above its 4H MA50 (blue trend-line) and following a Double Bottom bounce on the Support Zone on December 18, it started a Channel Up.
Having initiated that after a highly oversold 4H RSI, it shares many similarities with the November 22 Channel Up, which peaked just below the 4H MA200 (orange trend-line). This is where our current short-term Target is at 1.04900.
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Bearish drop off pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support which is a pullback support.
Pivot: 1.0466
1st Support: 1.0333
1st Resistance: 1.0609
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/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.04543
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.0534
Why we like it:
There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0352
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.
EURO - Price can bounce up from triangle to $1.0480Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price declined inside a falling channel, where price fell to resistance level and some time traded between.
Then EUR fell to support line of channel, but soon backed up to $1.0500 level and continued to trades between it.
Later, price rose to resistance line and then made downward impulse, thereby breaking $1.0500 level and exiting from channel.
Next, Euro continued to fall inside triangle, where it first fell to support line, breaking $1.0400 level.
But soon, price rose to $1.0400 level and some time traded near, after which broke it and rose to resistance line.
So, I think Euro can little correct and then bounce up to $1.0480, exiting from triangle pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD Is Switching Trend For Bearish Dollar SeasonHey Traders, in the coming week we are monitoring EURUSD for a buying opportunity around 1.04100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.04100 support and resistance area.
Trade safe, Joe.
EURUSD: 4H MA50 crossing signals new rally.EURUSD is remains bearish on its 1D technical outlook (RSI = 41.523, MACD = -0.006, ADX = 15.575) but today it crossed and closed a 4H candle over the 4H MA50 for the first time since December 10th. Along with that, it crossed above the LH trend-line, thus technically invalidating the short term bearish trend. Given the recent December 18th double bottom on the S1 Zone, the pattern that prevails is a Rectangle, thus today's breakout is technically targeting the patterns top. Consequently our target is near the R1 Zone (TP = 1.0600).
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HelenP. I Euro will break trend line and continue to growHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price rose to the rend line, making a first gap, and the started to decline to the resistance level, which coincided with the resistance zone. When the price fell to this level, it broke it, and then some time traded near the 1.0625 level, after which continued to fall next. Later Euro fell to the support level, which coincided with the support zone, and then rose to almost the resistance level, making a second gap. After this, it made a small correction and then continued to move up to the trend lin, and when it reached this line, the price turned around and continued to fall. Some time later, EUR fell until to support level and then at once rebounded and quickly rose to trend line. Now, it trade close to this line and I expect that EURUSD will make little correction and then rebound up, higher than the trend line, breaking it and continuing to move up. That's why I set my goal at 1.0550 points. If you like my analytics you may support me with your like/comment ❤️
EURJPY Is Rising Due To The Yen Weakness!!Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 163.700 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 163.700 support and resistance area.
Trade safe, Joe.
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
Euro can make small correction and then continue to growHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it at once rebounded from the resistance line and fell to the seller zone. Then price rebounded from this area and tried to grow, but failed and dropped to support line of the downward channel. Next, the price rebounded from this line and rose to the resistance line of the channel, breaking the resistance level. After this, the price some time traded in the seller zone and then broke the resistance level and dropped until to 1.0345 points, breaking the support level too, and exiting from the downward channel. Later Euro started to grow inside the upward channel, where it soon broke the 1.0385 level and then rose to the resistance line of the upward channel. After this movement, the price turned around and fell to the support level, where it some time traded near and then continued to grow near the support line of the upward channel. For this case, I think that the price can decline to the support level, after which turns around and continue to grow inside the upward channel. That's why I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
EURUSD - Euro in the new year!The EURUSD currency pair is below the EMA200 and EMA50 in the 4-hour time frame and is moving in its downward channel. Maintaining the drawn upward trend line will lead to the continuation of the upward trend towards the top of the channel.
In the Eurozone, inflation, which peaked at 10.6% in 2022, has been steadily declining and has approached the European Central Bank’s 2% target since early this year. Economists at Vanguard have projected: “Amid weak economic growth, we expect both headline and core inflation to fall below 2% by the end of 2025.”
The OECD forecasts that the Eurozone’s annual growth will reach 0.8% this year and rise to 1.3% and 1.5% in 2025 and 2026, respectively. However, 2025 could present significant challenges for the Eurozone’s economic activities, particularly with the anticipated U.S. tariff policies.
Mastercard reported that total U.S. retail sales during this holiday season grew by 3.8%.Online shopping remained the preferred choice for consumers, experiencing a 6.7% growth compared to last year. Additionally, retail sales, excluding automobiles, increased by 3.8% from November to December 24 compared to the same period last year.
Inflationary risks in the U.S. remain prominent, partly influenced by President Trump’s proposed policies, particularly on tariffs and immigration. Consequently, consumer spending, a key driver of U.S. economic growth since the pandemic, might face challenges as trade policies affect the prices of imported goods, including apparel, vehicles, and steel.
According to the latest U.S. jobs report, the economy added 227,000 new jobs in November, while October’s job gains were revised to 36,000. The average monthly job growth in 2024 was approximately 180,000. Unemployment rose to 4.2% in November, exceeding expectations.
Despite this increase, the U.S. long-term unemployment rate remains historically low. Wage growth in November was consistent with October’s figures, showing a 0.4% monthly and annual increase, slightly above market expectations. Overall, the U.S. labor market is showing clear signs of easing contractionary pressures.
Silvercrest Asset Management Group analysts expect job growth to persist due to the high number of open positions. According to the latest JOLTS report, there were 7.74 million job openings in the U.S. as of October. While this is significantly lower than the 12 million openings during the pandemic, it remains above the typical 6-7 million range seen in the late 2010s.
In the Eurozone, the October employment report revealed a historically low unemployment rate of 6.3%. This indicates that the anticipated economic slowdown and hiring reductions have not yet significantly impacted labor market stability. Meanwhile, wage growth in the Eurozone reached a record high of 5.5% this year, potentially adding inflationary pressures.
Economists at Vanguard anticipate that, with Germany’s economic growth slowing sharply, the Eurozone’s unemployment rate will rise to above 6% by the end of 2025. Analysts at Goldman Sachs share this outlook, stating: “Given our forecast for weaker economic growth, we expect unemployment to rise next year, reaching 6.7% by early 2026. Additionally, we anticipate wage growth to decline to 3.2% by the end of Q4 2025, as wage adjustment trends conclude and the labor market softens.”