Bearish drop?The Cable (GBPUSD) is rising towards the pivot, which is a pullback resistance and could reverse to the 1st support.
Pivot: 1.3592
1st Support: 1.3536
1st Resistance: 1.3629
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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.
Forex
Gold Price Analysis June 17The D1 candle shows profit-taking by the sellers, pushing the price back below 3400. In the current context, the pullback is only short-term and has not confirmed the reversal, but long-term Buy signals can still be noticed at important support zones.
Today, there are many price zones that can BUY Gold, so wait for confirmation before placing an order. Gold is heading towards the first support around 3375-3373. This is also the Breakout zone. If it breaks out, Gold will go to 3343-3341 to be able to BUY (pay attention to sell break). If there is a sweep to 3343 and then bounces and closes above the 3373 breakout zone, it confirms that the uptrend will continue strongly in the near future.
The next BUY support zone to pay attention to is 3322-3320 and the 3305-3303 zone.
The BUY order target is always pushed further back to 3415 or 3443.
Could BOJ's "HOLD" on Rates Turn AUDJPY "On Its Head"?Here I have a Multi-Timeframe analysis on OANDA:AUDJPY which is giving multiple signs of Higher Prices potentially to come!!
First on the Daily we can see that Price formed a Hammer Candle after testing the March 11th Support Zone and as the next Daily candle forms (Today), we are already seeing a Bullish Confirmation candle begin!
*Bullish Engulfing would be a textbook Confirmation Candle!
Now zooming into the 4Hr / 1 Hr Charts, this Hammer is formed by what looks to be a very Strong Reversal Pattern, the Inverted Head and Shoulders!
Now we are still waiting for the Confirmation of the Pattern where Price needs to rise to the "Neckline" or Resistance Level.
Once Confirmed, we will look for a Breakout of the Pattern and if Validated, could deliver great Long Opportunities as a Breakout and Retest of the Inverted Head and Shoulders Pattern!
If the Pattern is Successful, we could expect the Price Target to be at the next level of Resistance being the 95.3 - 95.6 Area!
Fundamentally, the BOJ begins the week with Policy Rate decision Monday evening where they forecast a HOLD on Interest Rates, staying at .5%. This could have drastic implications on the JPY, potentially weakening it.
Gold trading strategy June 17D1 candle shows profit taking by sellers pushing the price back below 3400. In the current context, the pullback is only short-term and has not confirmed the reversal, but long-term Buy signals can still be noticed at important support zones.
Today, there are many price zones that can BUY Gold, so wait for confirmation before placing an order. Gold is heading towards the first support around 3375-3373 (this zone has just reacted 100 pips). This is also the Breakout zone. If it breaks this zone, Gold will reach 3343-3341 before it can BUY.
Note that to sell break 3373 and the SELL resistance point must wait for 3415 and the daily resistance 3443-3445
If there is a sweep to 3343 and bounces and closes above the 3373 breakout zone, it confirms that the uptrend will continue strongly in the near future.
The next BUY support zone to pay attention to is 3322-3320 and the 3305-3303 zone. The BUY target is always pushed further back to 3415 or to the peak around 3443.
SUPPORT: 3373;3342;3322;3304
RESISTANCE: 3415;3443
Gold Price Analysis June 16There is not much surprise when the price gap up appeared on Monday morning
there is no barrier that can stop the price of gold from increasing towards ATH.
Gold has a slight correction in Tokyo session after the price gap up touched the round resistance zone 3450.
The correction may extend to 3413 in European session. This is a BUY zone with the expectation that Gold will regain the ATH hook. If broken, there will be some Scalping buy zones but the risk is quite high so to be safe, wait for 3398.
3463 acts as temporary resistance for a reaction period before Gold returns to the all-time high. Maybe before 3490 there will be another price reaction before reaching the top.
Gold Trading Strategy June 16There is not much surprise when the price gap up appeared on Monday morning there is no barrier that can stop the price of gold from increasing towards ATH. Gold has a slight adjustment in Tokyo session after the price gap up touched the round resistance zone 3450.
The adjustment may extend to 3413 in European session. This is a BUY zone with the expectation that Gold will regain the ATH hook. If broken, there will be some Scalping buy zones but the risk is quite high so to be safe, wait for 3398.
In the long term, 3463 acts as temporary resistance for a reaction phase before Gold returns to its all-time high. Maybe before that, 3490 will have another price reaction before reaching the peak.
Resistance: 3428 (Scalping) - 3444 - 3463 - 3490
Support: 3413- 3298
GOLD- XAU-USD Hello Traders! The GOLD MARKET is on fire! 🚨🔥
XAUUSD has officially broken above the key resistance zone — this is not just a move, this could be the start of something BIG! 💥📈
Is this the golden breakout we’ve been waiting for, or just a short-lived spike?
Are we heading toward the next major target, or is a pullback on the horizon? 🎯🔍
Your insights matter — comment below with your analysis and let’s decode this golden move together!
Stay sharp, stay golden! ⚔️💰
#XAUUSD #GoldBreakout #ForexTraders #MarketMomentum #GoldAnalysis #TradeSmart
EURUSD Long Setup – Bullish Rejection from Demand ZoneEURUSD remains supported by strong eurozone fundamentals and broad USD softness. The pair has retraced into a key demand zone around 1.1490 and is showing signs of bullish rejection. With the Fed likely to pause further rate hikes and the ECB maintaining a steady tone, the bias favors further upside toward recent highs.
⚠️ Geopolitical tensions in the Middle East (Israel-Iran conflict) have introduced mild safe haven demand, but so far the USD has underperformed versus the euro, suggesting EUR remains relatively insulated.
Watch for confirmation and entries within the blue demand box.
🔍 Technical Analysis:
Structure: Clear uptrend with higher highs and higher lows. Price retraced to a well-defined 1H demand zone between 1.1490–1.1500.
Setup: Anticipating a bounce from the demand zone targeting the recent high near 1.1620–1.1630.
Entry Zone: 1.1490–1.1500 (bullish reaction area)
Target: 1.1620–1.1630 (previous supply zone)
Stop Loss: Below 1.1439 (recent swing low)
Risk-Reward Ratio: Approximately 1:2.5
🧠 Fundamental Context (as of June 16):
EUR Bias: Bullish – ECB has paused cuts; euro is resilient despite geopolitical headwinds.
USD Bias: Bearish – Fed is on pause; soft inflation data and geopolitical risks weigh on dollar strength.
Key Drivers:
Fed dovish tone (FOMC pause, lower CPI)
Strong EU resilience despite global tensions
CHF and JPY attracting safe haven flows over USD
📅 Key Events to Watch:
US Core PCE (next major inflation readout)
FOMC commentary and Fed speakers
Eurozone CPI and sentiment data
AUD/JPY Bulls Eye 95+ After Bullish ReversalAUD/JPY bounced sharply on Thursday, snapping a 3-day losing streak with a solid bullish-range session. The rally kicked off from a bullish pinbar above 92, where the higher low reinforces support and the broader bullish case.
The 1-hour chart shows a clean breakout from an inverted head and shoulders pattern, pointing to a target around 95.50. With resistance at the April high (95.30), March high (95.75), and the 96 handle, there’s still room for bulls to run.
Dips toward 94 may offer opportunities to join the trend — but a break back below the neckline would shift the tone back to risk-off.
Matt Simpson, Market Analyst at City Index and Forex.com
NZDCAD - a few technical things togetherFib's retracement level of 50.00% will probably give the trend some strong upward impulse,
After that, this "Bull Flag" will come into play, and the price will go up a little bit higher,
The next step is to enter the price into the current "Most meaningful" channel...
Our take profit is: 0.82550. (Near +24 pips from current price).
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6085 will confirm the bullish momentum.
The measured move target is 0.6125.
We look to Buy at 0.6050 (stop at 0.6025)
Our profit targets will be 0.6100 and 0.6125
Resistance: 0.6085 / 0.6100 / 0.6125
Support: 0.6060 / 0.6050 / 0.6025
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EUR_AUD WILL GROW|LONG|
✅EUR_AUD went down to retest
A horizontal support of 1.7572
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above at 1.7800
LONG🚀
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EUR-CHF Resistance Ahead! Sell!
Hello,Traders!
EUR-CHF keeps growing
But a strong horizontal
Resistance of 0.9445
Is ahead so after the
Retest we will be expecting
A local bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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Bearish drop?The Fiber (EUR/USD) has rejected off the pivot and could drop to the 1st support.
Pivot: 1.1611
1st Support: 1.1495
1st Resistance: 1.1649
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?USD Dollar Index (DXY) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 97.81
1st Support: 97.19
1st Resistance: 98.69
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 breakout?AUD/USD is falling towards a support level, which acts as a pullback support. A breakout below this level could lead the price to drop further towards our take-profit target
Entry: 0.6533
Why we like it:
There is a pullback support level.
Stop loss: 0.6560
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 0.6492
Why we like it:
There is a pullback support level that aligns with the 71% Fibonacci retracement.
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Could the Loonie reverse from here?The price is reacting off the support level which lines up with the 100% and the 78.6% Fibonacci projection and could rise from this levl to our take profit.
Entry: 1.3544
Why we like it:
There is a support level at the 100% and the 78.6% Fibonacci projection.
Stop loss: 1.3516
Why we like it:
There is a support level at the 100% Fibonacci projection.
Take profit: 1.3595
Why we like it:
There is an overlap resistance level that aligns with the 50% 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.
Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.3610
Why we like it:
There is a resistance level.
Stop loss: 1.3644
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension.
Take profit: 1.3560
Why we like it:
There is a pullback support level that is slightly below the 61.8% 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.
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1546
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 1.1497
Why we like it:
There is an overlap support level.
Take profit: 1.1611
Why we like it:
There is a pullback resistance.
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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.
Gold Cooling After Spike – $3375 Key Level to WatchBy analyzing the gold chart on the 4-hour timeframe, we can see that after surging to $3450 amid the Iran–Israel conflict, gold faced a pullback following a liquidity sweep above that level.
Currently, gold is trading around $3392, and after a potential correction down to $3375, I expect to see further upside movement.
⚠️ Stay cautious — gold remains highly volatile and sudden moves are likely!