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NZDUSD Will Go Lower From Resistance! Sell! Please, check our technical outlook for NZDUSD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.558. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.551 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AUDCAD Will Go Lower! Short! Here is our detailed technical review for AUDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.887. Considering the today's price action, probabilities will be high to see a movement to 0.882. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Major Breakdown or Reversal? EUR/USD 2-Week AnalysisEUR/USD analysis on the 2-week timeframe (14 days), the chart clearly shows that the price has faced multiple rejections from the upper resistance line, marked in red. Additionally, the price has broken below the strong 2-week support zone and is now trading just above the lower supportive trendline, indicated by the green line. The Stochastic RSI is signaling a potential reversal, suggesting that the current price action may retest the breakout levels before making a decisive move. This could either lead to a rebound from the support or further bearish continuation if the trendline breaks.
Short
by unichartz
GOLD Is Going Up! Long! Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2,621.75. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,686.96 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:GOLDLong
by SignalProvider
5
XAU/USD : Reasons for Falling! (READ THE CAPTION)In the 4-hour timeframe, we can see that after reaching $2697 and hitting all targets last Friday, gold eventually closed around the $2690 zone. Today, gold showed a bearish sentiment, dropping by over 300 pips and correcting to as low as $2664. Currently, gold is trading around $2670, and if it stabilizes below this level within the next 4 hours, further declines can be expected. Potential bearish targets are $2663, $2658.8, and $2652.5, respectively. This analysis will be updated soon, so stay tuned for a trading setup in the lower timeframes! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
25
Bouncing Back: EUR/USD Poised for a Bullish WaveEUR/USD is trading at 1.0257, showing signs of bullish momentum with a target price of 1.0800. The price action is based on the support and resistance pattern, with the pair currently bouncing off a strong support level. This bounce indicates a potential reversal and the start of an upward trend. The support level serves as a foundation for buyers to regain control, pushing the price higher. A steady climb toward the resistance level at 1.0800 is expected if the support holds firm. Traders should monitor this bounce closely for confirmation of bullish momentum. The setup presents a favorable opportunity for long positions, supported by technical analysis. However, risk management remains crucial to navigate market volatility. This move emphasizes the role of key levels in predicting price movements. Patience and strategy are essential to capitalize on this trade setup.
Long
by AndrewsMarket-Mastery
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
Long
by AndrewsMarket-Mastery
GBPJPY Buy signal on a 5-month bottom.The GBPJPY pair has been trading within a Channel Up since the August 05 2024 bottom and yesterday it made a Higher Low at the bottom of the pattern. This has been a buy opportunity 2/2 times and based on the similarities with the September 11 2024 Low, we can expect the new Bullish Leg to start and peak on the 1.5 Fibonacci extension. Our Target is 204.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
GOLD: Buy or Sell ?Dear friends, Ben here! Gold begins the new week with a slight decline, retreating from the one-month high reached on Friday. Hawkish expectations from the Fed, rising U.S. Treasury yields, and a stronger USD are weighing on the precious metal in the short term. On the other hand, risk-off sentiment might provide support for the safe-haven pair XAU/USD and help limit further losses. :) From a technical perspective, gold confirmed a bullish breakout from a month-long symmetrical triangle pattern on January 8, further reinforcing the ongoing bullish momentum. It is likely that the struggle will continue, and the price may retest the previously broken boundary or the liquidity zone at 2675–2665, which will determine the next phase of developments. Resistance level: 2698 Support levels: 2685, 2665 The situation remains volatile, as numerous factors are exerting pressure on the price. Accordingly: If, after the retest, buyers manage to hold the price above the 2680–2685 support zone, the upward momentum could continue in the medium term. However, if the bullish support structure breaks and sellers push the price below 2680, this could trigger a correction down to 2665 or 2650 before the uptrend resumes.
OANDA:XAUUSDLong
by Bentradegold
2
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
EURJPY → Consolidating before dropping to 157.00OANDA:EURJPY is under pressure. This currency pair has broken its local uptrend. In the context of weak fundamental and technical foundations, overall market pressure may be experienced. On the global timeframe, the pair lacks a clear trend and has been trading mainly within the range of 166 - 156. A closer look reveals that the recent growth attempt failed near the intermediate high. As the price approached a local resistance level, it reversed and stabilized below the EMA, moving toward the lower boundary of the flat range. Locally, a structural shift has confirmed the bearish nature of the market. However, before further declines, the price may form a corrective move. Using Fibonacci levels to measure this potential correction, the short-term levels to watch are 0.618 (161.75) and 0.5 (162.28). In the medium term, however, the decline may continue. Rate, share your opinion and questions, let's discuss what's going on with OANDA:EURJPY :) Regards R. Linda!
Short
by Bentradegold
Bearish drop off 50% Fibonacci resistance?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 50% Fibonacci support. Pivot: 0.5576 1st Support: 0.5557 1st Resistance: 0.5640 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.
Short
by ICmarkets
Bearish drop?USD/JPY has reacted off the pivot and cold drop to the 1st support which is a pullback support. Pivot: 0.6203 1st Support: 0.6162 1st Resistance: 0.6222 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.
Short
by ICmarkets
Bearish reversal off 61.8% Fibonacci resistance?The Cable (USD/CAD) is rising towards the pivot which liens up with the 61.8% Fibonacci retracement and could drop to the 1st support. Pivot: 1.4403 1st Support: 1.4340 1st Resistance: 1.4442 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.
Short
by ICmarkets