EURUSD time for correctionMonthly
On the monthly timeframe, we came to the Premium zone and captured Monthly Fractal High, where previously there was predominance from the sell side.
Weekly
Price has formed a Weekly FVG, indicating strong dominance from the buy side. However, it is important to understand WHERE this has led us ? The current quotes are interesting for sellers. Hence, we should assume that the price may receive a counter offer from the sell side. It is logical to assume potential points A and B in this context.
Daily
Price has formed primary signs of change in the price delivery state:
- Bullish PD Array disrespecting
- BISI forming
- CISD forming
All this indicates a shift of initiative to the selling side, so it is logical to expect a continuation of the downward movement after interaction with the marked PD Array.
Also, I would like to draw your attention to the fact that the price is within the Inside Bar for the 3rd day already. This means that recently the price has been held within the same values, which indicates a balance of power between buyers and sellers at the current quotes. In such a situation, all we have to do is to find the optimal area to continue the downward price formation.
Forex
NZD-JPY Short From Falling Resistance! Sell!
Hello,Traders!
NZD-JPY is going up
And will soon hit a falling
Resistance line from where
We will be expecting a
Local bearish pullback
And a move down
Sell!
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GBP_NZD SWING LONG|
✅GBP_NZD dropped to
Retest a horizontal support
Level around 2.2200 and we
Are already seeing a bullish
Rebound so as we are bullish
Biased further growth
Is to be expected
LONG🚀
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TESLA: Short Trade Explained
TESLA
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short TESLA
Entry - 284.90
Sl - 298.09
Tp - 256.85
Our Risk - 1%
Start protection of your profits from lower levels
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CADCHF: Still Bullish 🇨🇦🇨🇭
Last week, I shared a very bullish outlook for CADCHF
based on a breakout and a retest of a key daily structure.
I keep holding a long trade on the pair and still expect growth.
Goal - 0.602
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Gold Price Analysis April 28The D1 candle cluster forms a disputed area with a 100 price range from 3367 and 3267
The 3300 price range is having a price reaction. If the price breaks 3300 at the beginning of the European session, pay attention to the 3314 area to consider the price reaction of the European session for the SELL strategy around this price range. There is another area to pay attention to for the SELL strategy around 3343, breaking this area will reach 3367, the daily resistance zone.
The BUY strategy pays attention to around 3275 when this area is broken, only 2235 can be considered BUY. Absolutely do not block the ship when the price breaks 3275.
Could the price reverse from here?USD/JPY is rising towards the pivot which is a pullback resitance that aligns with the 50% Fibonacci retracement and could reverse to the 1st support.
Pivot: 145.61
1st Support: 140.60
1st Resistance: 147.84
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.
Bulllish continuation for the Cable?GBP/USD is fallling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.3110
1st Support: 1.3005
1st Resistance: 1.3415
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.
Falling towards pullback support?The Fiber (EUR/USD) is fallling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.1192
1st Support: 1.1051
1st Resistance: 1.1512
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.
GBP_USD SWING SHORT|
✅GBP_USD has retested a key resistance level around 1.3400
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.3228 is likely
SHORT🔥
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NATGAS: Expecting Bearish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NATGAS chart which, if analyzed properly, clearly points in the downward direction.
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EUR/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on EUR/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.103.
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GBPUSD BULLISH OR BEARISH DETAILED ANALYSIS ??GBPUSD is looking extremely bullish on the daily timeframe, showing strong signs of continuation after a healthy pullback. Currently trading around 1.33000, the pair has respected key Fibonacci levels and is now building momentum to target 1.37000. The structure remains intact with higher highs and higher lows, indicating strong buyer control and potential for further upside movement.
From a fundamental perspective, the British pound continues to outperform as the Bank of England maintains a relatively hawkish tone amid sticky inflation pressures, while the US dollar shows signs of weakening with softer economic data and growing expectations of Fed rate cuts later this year. This divergence between the monetary policies is creating a favorable environment for GBPUSD buyers to dominate.
Technical analysis also supports the bullish bias as price action remains well above the 0.786 Fibonacci retracement level, holding strong support near 1.31650. If price maintains above this zone and breaks past minor resistance near 1.33500, it could ignite a fresh bullish rally toward the psychological level of 1.37000, offering excellent risk-reward opportunities for trend-following traders.
Overall, GBPUSD is positioned perfectly for a strong bullish wave. Traders should stay focused on potential breakout confirmations and capitalize on the momentum, as current market conditions and fundamentals are aligned with a profitable bullish move. This setup remains one of the most attractive trending opportunities on the board right now.
Bitcoin Analysis Anticipated Bullish Rebound Toward $95,000! This 15-minute Bitcoin (BTC/USD) recent price action around key support and resistance zones. After a sharp dip to the lower green support area (~$92,500), the price is showing signs of a bullish reversal. The forecasted trajectory (highlighted in yellow) anticipates a corrective move before resuming an upward climb toward the $95,000 resistance target. Previous consolidation phases and a breakdown from a rising wedge pattern are also noted, suggesting a technical recovery is underway. Traders are watching for confirmation of this bullish setup.
BTCUSD Bitcoin (BTC/USD) highlights price movement between a key resistance zone and a strong support level. Price has currently pushed back into the Fair Value Gap (FVG) zone near 94,600, setting up a potential short-term reversal.
The expectation shown on the chart is for price to react from the FVG/resistance area and move lower toward the support level, targeting around 92,947.
Key Technical Points:
- Resistance Zone: 95,500 -95,750
- FVG Area: Current price is testing imbalance at 94,600.
- Support Level: Strong demand zone near92,750.
- Target Projection: $92,947
Outlook: Price is likely to face selling pressure around the FVG and resistance zone, leading to a possible drop towards the support zone. Traders should monitor bearish confirmations for potential short opportunities.
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EURCHF: Pullback From Support 🇪🇺🇨🇭
There is a high chance that EURCHF will bounce
from a recently broken horizontal resistance.
After a breakout, it turned into support with a high probability.
As a confirmation signal, I see a tiny cup & handle pattern
on an hourly time frame and intraday bullish imbalance.
Goal - 0.9422
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QQQ: Bearish Continuation is Expected! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell QQQ.
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GBP/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
The BB upper band is nearby so GBP-USD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.301.
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USOILOil shows price moving between a clear support level and a strong order block resistance above. Currently, price is trading inside a resistance zone around 63.25.
The chart indicates a potential bullish move, targeting the 64.22 level, where the order block resides.
Key Technical Points:
- Support Level: Strong demand area near 62.00.
- FVG (Fair Value Gap): Gap filled below current price.
- Resistance Zone: Price facing resistance around 63.00-63.50.
- Order Block: Major target area near 64.22.
Target Projection: $64.22
Outlook:
If buyers sustain momentum above the resistance zone, we could see a rally toward the 64.22 target at the order block. Confirmation of a breakout and retest would strengthen the bullish bias.
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GOLD Gold (XAU/USD) shows price action ranging between a strong support level and a visible order block above. Price recently tested the support zone near 3,260.000, showing potential signs of a bullish reaction.
The chart highlights a possible upward move toward the Fair Value Gap (FVG) zone, targeting around 3325.626.
Key Technical Points:
- Support Level: Price bounced from the 3,260.000 zone.
- FVG Area: Gap available for price to fill up toward 3325.626.
- Order Block: Major resistance near the 3,440.000 region.
- Structure: A potential bullish short-term recovery setup.
Target Projection: $3325.626
If buyers maintain control around the current support, we could see a move into the FVG before facing major resistance at the order block above. Watch closely for bullish confirmations or possible rejections around the FVG area.
Bearish reversal off pullback resistance?The Swissie (USD/CHF) is rising towards the pivot and could reverse to the pullback support.
Pivot: 0.8400
1st Support: 0.8089
1st Resistance: 0.8604
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 pullback resistance?US Dollar Index (DXY) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 100.27
1st Support: 98.32
1st Resistance: 101.77
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.