Heading into 61.8% Fibonacci resistance?The Swissie (USD/CHF) is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.8915
1st Support: 0.8771
1st Resistance: 0.9004
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.
Forexsignals
Gold Price Analysis March 13⭐️Fundamental Analysis
Gold prices maintained a positive trend in early European trading on Thursday and remained near the all-time high reached on February 24. The chaotic implementation of US President Donald Trump's trade tariffs and their impact on the global economy continued to drive safe-haven flows into bullion for the third consecutive day.
Meanwhile, fears of a US recession, coupled with signs of a cooling labour market and falling inflation, will allow the Federal Reserve (Fed) to resume its rate-cutting cycle sooner than expected. This, in turn, kept the US dollar (USD) near its lowest level since October 16 touched on Friday and turned out to be another factor supporting non-yielding gold prices.
⭐️Technical Analysis
Gold is correcting to the immediate support zone of 2930 if the support zone is broken 2922 is the next support point before gold price moves to 2910. The resistance zone of 2950 is considered as a barrier before reaching ATH and the daily sell plan is noticed around 2970
USD/JPY Price Rejection at Resistance with Potential Bearish.hello traders.
what are your thoughs on USD/JPY.
my idea is
. Trade Setup:
Entry: Around 148.153, aligning with the pullback area.
Stop Loss: Above 148.624, placed strategically to avoid minor fluctuations.
Take Profit Levels:
First Target: 147.596 – a potential support level where price may find temporary stability.
Final Target: 147.167 – deeper support level indicating further bearish continuation.
EUR/JPY Rejection at Trendline – Bearish Move Ahead?EUR/JPY 4-hour chart is respecting a long-term descending trendline, acting as dynamic resistance. Price recently tested this trendline near 162.018 - 164.073 and is now rejecting it, indicating a potential bearish move.
Bearish Confirmation & Entry:
Price failed to break above the 162.018 - 164.073 resistance zone, confirming a potential sell opportunity.
A downward movement is expected, targeting key support levels as marked.
Target Levels:
First Take Profit (TP1): 158.753 (Minor support zone)
Second Take Profit (TP2): 157.319 (Stronger support)
Third Take Profit (TP3): 156.202 (Significant demand area)
Final Take Profit (TP4): 154.786 (Major support and previous low)
Risk Management:
Stop-loss: Above 162.018 to protect against a potential breakout.
The trade setup offers a high risk-to-reward ratio, making it a strong candidate for a short position.
USD/JPY Bearish Outlook: Key Support Levels to WatchUSD/JPY 4-hour chart is showing a clear downtrend, with price forming lower highs and lower lows. A recent retracement has tested a previous support-turned-resistance zone (148.240 - 148.262), and rejection from this level indicates the potential for further downside movement.
Bearish Confirmation & Entry:
The price is currently testing the 148.240 - 148.262 resistance zone.
A strong rejection from this level would confirm a sell setup.
The trade setup suggests a move towards the next key support zones if momentum continues downward.
Target Levels:
First Take Profit (TP1): 146.543 (Recent low & strong support level)
Second Take Profit (TP2): 145.807 (Key demand zone)
Final Take Profit (TP3): 142.960 (Major psychological support)
Risk Management:
Stop-loss placement: Above the 148.262 resistance zone, ensuring protection against unexpected bullish reversals.
The risk-to-reward ratio is favorable, with a structured trade setup providing a high-probability short opportunity.
XAUUSD BUY AGAIN ALL TIEM HIGHFakeout Possibility:
The price has sharply surged, but it may be a liquidity grab before a reversal.
If buyers fail to hold above the first support zone, a deeper drop could occur.
Resistance Strength:
The resistance zones above are historically strong, making a breakout difficult.
If momentum weakens before reaching the first target, a rejection is likely.
Potential Double Top Formation:
If price retests resistance without breaking, a double top pattern could form.
This could trigger a reversal towards the lower support levels.
Volume Confirmation:
If there is decreasing bullish volume as price climbs, it may indicate a false rally.
Strong bearish volume appearing at resistance would support a reversal
Bearish drop?The Fiber (EUR/USD) has rejected off the pivot and could drop to the 1st support.
Pivot: 1.0881
1st Support: 1.0805
1st Resistance: 1.0934
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 Trade Analysis**GBP/USD Trade Analysis**
📊 **Current Price:** 1.29300
📈 **Bullish Scenario:**
- **Buy above:** 1.29400
- **Target 1:** 1.29600
- **Target 2:** 1.29800
- **Stop Loss:** 1.29150
📉 **Bearish Scenario:**
- **Sell below:** 1.29150
- **Target 1:** 1.29000
- **Target 2:** 1.28800
- **Stop Loss:** 1.29400
📌 **Key Levels:**
- **Resistance:** 1.29450 - 1.29800
- **Support:** 1.29000 - 1.28600
📢 **Risk Management:** Keep SL in place and watch for volume confirmation. 🚀
Bearish drop?GBP/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 191.34
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 192.02
Why we like it:
There is an overlap resistance level.
Take profit: 190.21
Why we like it:
There is an overlap support level that line sup with the 100% Fibonacci projection.
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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?USD/JPY is falling towards the support level which is an overlap support that aligns with the 127.2% Fibonacci extension and the 71% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 147.31
Why we like it:
There is an overlap support level that aligns with the 127.2% Fibonacci extension and the 71% Fibonacci retracement.
Stop loss: 146.54
Why we like it:
There is a pullback support level.
Take profit: 148.14
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.
Bearish reversal?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0887
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.0947
Why we like it:
There is a pullback resistance level.
Take profit: 1.0809
Why we like it:
There is a pullback support 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.
XAUUSDGold price has retested the resistance zone 2946-2954 again. If the price cannot break through the 2954 level, it is expected that the price will drop. Consider selling in the red zone.
(Very Risky Trade)
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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#AUDNZD 1DAYAUDNZD (1D Timeframe) Analysis
Market Structure:
The price has recently broken down from a triangle pattern, indicating a potential shift in market sentiment towards the downside. The breakdown suggests that selling pressure has overtaken buying interest, leading to a bearish bias.
Forecast:
A sell opportunity is anticipated following the triangle breakdown. If the price retests the broken support level as resistance and confirms rejection, further downside movement is likely.
Key Levels to Watch:
- Entry Zone: Consider entering a sell position after a retest and rejection of the broken triangle support.
- Risk Management:
- Stop Loss: Placed above the retest level or recent swing high.
- Take Profit: Target nearby support levels for potential profit.
Market Sentiment:
The breakdown of the triangle pattern highlights bearish sentiment, with potential for continued downward movement. Waiting for confirmation on a retest can improve trade reliability.
#GBPUSD 4HGBPUSD (4H Timeframe) Analysis
Market Structure:
The price is currently trading near a key resistance area, where previous selling pressure has been observed. This level has historically acted as a barrier, rejecting upward movements and leading to price declines.
Forecast:
A sell opportunity is anticipated from the resistance area if the price shows signs of rejection, such as bearish candlestick patterns or a decrease in buying momentum.
Key Levels to Watch:
- Entry Zone: Consider entering a sell position if the price fails to break above the resistance and confirms rejection.
- Risk Management:
- Stop Loss: Placed above the resistance area or recent swing high to manage risk.
- Take Profit: Target nearby support levels for potential downside movement.
Market Sentiment:
The resistance area is a critical zone to monitor for potential price reversal. Confirmation through bearish signals is recommended before executing a trade.
EURCHF 1D Golden Cross for one final push.The EURCHF pair has been trading within a 2.5-year Channel Down pattern and is currently on the latest Bullish Leg that is about to complete a 1D Golden Cross. The last Golden Cross was also during the previous Bullish Leg and caused an initial pull-back that was followed by the pricing of the Channel's Top on the 0.786 Fibonacci level.
As a result, be ready to buy on the next 1D MA50 (blue trend-line) contact and target 0.97500 (just below the 0.786 Fib).
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#CHFJPY 4HCHFJPY (4H Timeframe) Analysis
Market Structure:
The price has successfully broken out of the downtrend resistance line, indicating a potential shift in market sentiment from bearish to bullish. This breakout suggests that buyers are gaining strength and may push the price higher.
Forecast:
A buy opportunity is anticipated following the breakout. It is advisable to watch for a potential retest of the broken resistance line, which could now act as support, for additional confirmation.
Key Levels to Watch:
- Entry Zone: Consider buying after a confirmed breakout and potential retest of the previous resistance turned support.
- Risk Management:
- Stop Loss: Placed below the retest level or recent swing low to manage risk.
- Take Profit: Target the next key resistance levels for potential upside gains.
Market Sentiment:
The breakout from the downtrend resistance signals bullish sentiment. Confirmation through price action or candlestick patterns will strengthen the probability of an upward move.
CADCHF; Heikin Ashi Trade IdeaOANDA:CADCHF
In this video, I’ll be sharing my analysis of CADCHF, using my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities.
I’m always happy to receive any feedback.
Like, share and comment! ❤️
Thank you for watching my videos! 🙏
GBPNZD Bullish Continuation - Will Buyers Push Toward 2.28000?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish impulse suggests that buyers are maintaining control, indicating a potential continuation toward the upper boundary.
The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward 2.28000, which aligns with the channel’s upper boundary.
As long as the price remains above this support zone, the bullish outlook remains valid. However, a failure to hold the support zone would invalidate the bullish scenario and open the possibility for a deeper pullback toward the channel’s lower boundary.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
Bullish bounce?GBP/JPY is reacting off the pivot which acts as an overlap support and could rise to the 1st resistance.
Pivot: 191.22
1st Support: 190.49
1st Resistance: 192.46
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.
Hellena | GOLD (4H): LONG to resistance area at 2955 (Wave 3).As in the last forecast - I insist that the five-wave movement is not over yet. Therefore, I believe that the price will reach at least the resistance area at 2955.837.
The correction wave “2” is either already completed or will be completed soon.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!