Get started

Forex

Gold price analysis July 8In the previous US session, strong buying pressure pushed gold prices up and formed a bullish hammer candlestick pattern on the D1 chart - a potential sign for an uptrend recovery. 🔄 Today's scenario: The correction in the early session is considered a good opportunity to buy, expecting the price to continue the uptrend. 📍 Nearest resistance zone: The price is currently facing the resistance zone of 3344 in the European session. If gold breaks 3344, the next target will be 3365 - the gap zone that has not been filled. However, according to the wave structure, it would be more optimal if the price has a retest to the 3320 zone, accumulates more buying momentum and then breaks out strongly through 3344. 📉 Bearish scenario: If 3320 is broken, especially with a trendline and support zone breakout signal, a sell strategy can be activated with a lower target. 🔸 Support: 3320 – 3297 🔸 Resistance: 3345 – 3352 – 3365 🔸 Sell is triggered if: Price breaks 3320, confirms breaking trendline & support zone. 💬 Do you have any comments on this trading plan? Leave a comment!
OANDA:XAUUSD
by TVS-Trader
USDCAD LONG DAILY FORECAST Q3 D8 W28 Y25USDCAD LONG DAILY FORECAST Q3 D8 W28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
#008: GBP/NOK SHORT OPPORTUNITY Hi, I'm Forex Trader Andrea Russo and today I want to show you this GBP/NOK SHORT opportunity. After a strong upside extension, GBP/NOK is showing signs of exhaustion just below the key resistance zone of 13.83. I thank in advance my Official Broker Partner PEPPERSTONE for the support in writing this article. 📍 Technical Context The pair has recently formed a local double top with declining bullish momentum. Price action around the highs is becoming increasingly choppy, suggesting the presence of smart investors preparing a possible reversal. A clear rejection from the 13.82-13.83 zone triggered the short setup, with confirmation coming from broader market dynamics and a favorable risk/reward structure. 🔍 Macro Overview The British pound remains under pressure as uncertainty over the Bank of England's next rate decision weighs on the currency. The Norwegian krone finds support in stable oil prices and expectations of relatively tight monetary policy. This macro imbalance creates a favorable backdrop for a potential downside continuation. This setup aligns both technical exhaustion and cross-market forces, while sentiment data reveals a bearish bias among retail on GBP/NOK, often a good time to ease pressure. 🔄 Next Steps As always, I will be monitoring the price action on a candle-by-candle basis. If the downside momentum confirms, the pair could retest the 13.56 support in the coming sessions. 📌 Stay tuned for live updates and trade management.
Short
by Andrea_Russo_SwipeUP
Potential bearish drop?The Loonie (USD/CAD) has rejected off the pivot, which has been identified as an overlap resistance and could drop to the 61.8% Fibonacci support. Pivot: 1.3688 1st Support: 1.3599 1st Resistance: 1.3743 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
4
Bearish reversal?USD/JPY is reacting off the pivot and could drop to the 1st support which has been identified as a pullback support. Pivot: 146.18 1st Support: 145.01 1st Resistance: 147.62 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
Could the price bounce from here?The Swissie (USD/CHF) is falling towards the pivot, which is an overlap support and could bounce to the 50% Fibonacci resistance. Pivot: 0.7933 1st Support: 0.7879 1st Resistance: 0.8052 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.
Long
by ICmarkets
1
Bearish reversal for the Kiwi?The price has rejected off the pivot, which acts as an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop to the 1st support. Pivot: 0.6038 1st Support: 0.5938 1st Resistance: 0.6079 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
Heading into pullback resistance?The Aussie (AUD/USD) is rising towards the pivot and could reverse to the 1st support which is an overlap support. Pivot: 0.6587 1st Support: 0.6492 1st Resistance: 0.6634 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
Bullish bounce off pullback support?The Cable (GBP/USD) has bounced off the pivot, which has been identified as a pullback support, and could bounce to the 1st resistance, which is a pullback resistance. Pivot: 1.3584 1st Support: 1.3519 1st Resistance: 1.3771 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.
Long
by ICmarkets
1
Bulls Could "Wedge" Their Way Into Higher Prices On EGOANDA:EURGBP has made some impressive moves up since the Low from May 29th and Price just fell short of the Highs of April 11th before falling into a very familiar Bullish Pattern, the Falling Wedge! The Falling Wedge is typically a Bullish Pattern where we expect Price to give us a Bullish Break of the Falling Resistance and Successful Retest of the Break before Price heads Higher! Wedge Patterns can play both Reversal and Continuation Patterns dependent upon the location they form and surrounding Major Support/Resistance or Highs/Lows. In this case, we will be looking for a Continuation with Price being in an Uptrend before pausing slightly for a Consolidation Phase to form the "Triangle" of the Pattern. *It is important to note that both the Falling Resistance and Falling Support have only been tested twice where three tests of both Trendlines should point to a strong equilibrium from both Bears and Bulls, validating the legs of the Triangle and strengthening the Consolidation Bias. ( So we could see Price test the Falling Resistance one last time before falling down to the Falling Support for a 3rd test! ) Lastly, when it comes to a Wedge Pattern, we should suspect that once Price makes a 3rd Test of the Falling Support and Retraces to the 50% Fibonacci Level @ .85887, this will signal the End of the Consolidation Phase! - And this will be the time to enter! **Once the Pattern is Confirmed and Breakout is Validated, based on the "Flagpole" or Rally prior to Price falling into the Consolidation Phase we can anticipate Price to potentially rise to the most recent High on April 11th of .87374 and give the next Previous High on November 16th 2023 of .87657 a try! Fundamentally, news is light this week for both currencies in the pair with GDP m/m releasing for GBP on Friday, July 11th with a Forecast of .1%, a .4% increase from June's -.3% Also, CPI y/y for GBP will be released the following week on Wednesday, July 16th.
Long
by Novi_Fibonacci
EURUSD – Rounded Top Signals Bearish Reversal The EURUSD pair is showing clear signs of weakness after forming a rounded top pattern near the 1.18100 resistance zone. Price has broken out of a short-term sideways range and may retest the FVG area near 1.17500 before continuing its downward move. If the support at 1.17118 is breached, EURUSD could head toward the 1.16200 level – a key demand zone on the chart. The bearish momentum is being reinforced by recent news: Yesterday: U.S. employment data exceeded expectations, strengthening the USD. Today: The euro is under pressure due to EU recession concerns and political instability in France. Coming up: The FOMC minutes may continue to reflect a hawkish stance, which could further weigh on EURUSD.
Short
by Rocky_trade_
The Upper Edge Trap: Is Gold’s Breakdown Scripted?Gold is showing clear signs of weakness after being firmly rejected at the upper boundary of a symmetrical triangle around the $3,330–$3,340 zone. Sellers have regained control, pushing price toward the key support at $3,254 – a level that previously marked a short-term bottom. If this support breaks, the bearish structure could extend further toward the $3,120 region. The downward pressure is reinforced by stronger-than-expected U.S. employment data and hawkish FOMC minutes, which have strengthened the dollar and diminished gold's appeal.
OANDA:XAUUSDShort
by Rocky_trade_
NZD_CHF BEARISH BREAKOUT|SHORT| ✅NZD_CHF keeps falling in A strong downtrend and the pair Made a bearish breakout and a Retest of the key horizontal level Of 0.4810 which is now a resistance And the pair is already making a Bearish pullback so we are Bearish biased and we will be Expecting a further bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by ProSignalsFx
3
NZDUSD to find buyers at the current market price?NZDUSD - 24h expiry The correction lower is assessed as being complete. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6025 will confirm the bullish momentum. The measured move target is 0.6075. We look to Buy at 0.6000 (stop at 0.5975) Our profit targets will be 0.6050 and 0.6075 Resistance: 0.6025 / 0.6050 / 0.6075 Support: 0.6010 / 0.6000 / 0.5975 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDJPY 1H - market buy with a confirmed structureThe price has bounced from a key support zone and is showing early signs of recovery. A clear base has formed, and the MA50 is starting to turn upward, indicating a shift in short-term momentum. While the MA200 remains above the price, the overall structure suggests a potential continuation of the bullish move. Trade #1 — entry at market, target: 145.939, stop below recent local low. Trade #2 — entry after breakout and retest of 145.939, target: 148.000, stop below the retest zone. Volume has stabilized, and the reaction from support is clear. As long as price holds above the last swing low, buying remains the preferred strategy.
Long
by TotoshkaTrades
NZD/USD 2 moves away from wiping out June’s rallyThe RBNZ is widely expected to hold the Official Cash Rate at 3.25% this Wednesday. NZIER’s Shadow Board advises against a cut, noting the economy remains weak but inflation pressures are mixed. Markets see just a 10–15% chance of a cut this week but still price for further easing by October. NZD/USD has pulled back sharply from 0.6100, with price now possibly consolidating around 0.6000. This area coincides with a key support-turned-resistance level that capped price action in mid-June. If the pair breaks below 0.5980, the next support sits near 0.5935 – a level that triggered a strong bounce on June 21. A break below that could open the way toward 0.5900 and 0.5860. On the upside, if the 0.6000 handle holds, short-term resistance lies at 0.6030, with stronger pressure at 0.6065.
by BlackBull_Markets