AUDJPY Technical Breakout - Targeting 97.400 Next?TRADENATION:AUDJPY has recently broken decisively above a key resistance zone that had previously capped price for several months. This breakout was preceded by a period of compression and range-bound price action, where bullish momentum steadily built up, indicated by higher lows pressing against the resistance level. This type of structure typically leads to an explosive breakout, which we are now seeing unfold.
After the breakout, price came back for a clean retest of the broken resistance zone, which has now flipped into support. The retest held firmly, suggesting strong buyer interest at this level and confirming the validity of the breakout.
With this structure in place, the bullish momentum is likely to extend further toward the next target zone around 97.400, provided price remains above the current support.
As long as the price holds above the retested zone, the bullish outlook remains intact. A breakdown back below this area, however, would be a warning sign and could open the door to a deeper pullback.
Remember, always wait for confirmation before entering trades, and maintain disciplined risk management.
Forexsignals
USDJPY: More Growth Ahead! 🇺🇸🇯🇵
USDJPY broke and closed above a minor daily resistance
with a confirmed BoS.
The next strong resistance is 148.0
It is going to be the next goal for bulls.
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GBPCHF - Continuation Setup towards 1.0770GBPCHF recently descended with strength, and I’ve been watching to see how price reacts here.
Price now hovers above and this is a great indication for us to use for possible continuation move, that could send price into the 1.0770 level.
But if price breaks above with momentum, then I’ll back off the bearish bias and reassess, and I’d consider the continuation idea invalidated, with potential for further upside.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
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Xauusd Up Gold stabilizes near $2,030, eyes on FOMC Minutes
Gold clings to marginal daily gains at around $2,030 on Wednesday after closing the first two days of the week in positive territory. The benchmark 10-year US Treasury bond yield edges lower ahead of FOMC Minutes, helping XAU/USD hold its ground.
From a technical perspective, sustained strength and acceptance above the 50-day SMA will set the stage for an extension of the recent recovery from the $1,984 region, or a two-month low touched last week. Given that oscillators on the daily chart have been gaining positive traction, the Gold price might then accelerate the positive move towards an intermediate hurdle near the $2,044-2,045 region en route to the $2,065 supply zone.
Gold now 2028
Target 2032
Target 2036
Target 2050
Target 2059
SL 2015
FOMC signal confirm
EURGBP Perfect Channel Up giving one more buy opportunity.Last time we looked at the EURGBP pair (May 30, see chart below) we gave the most timely buy signal right at the bottom (Higher Lows trend-line) of the Bullish Megaphone, and the price is only a few candles away from the 0.87400 Target:
If we look at the price action from a 4H perspective we can see that it is a Channel Up that has been driving the pair upwards since the May 28 bottom and today's rebound is taking place after a direct hit on the 4H MA50 (blue trend-line).
This is the start of the new Bullish Leg. Since the previous two have increased by +1.90%, this rally has the potential to even exceed our 0.87400 Target marginally. Still, this is a perfect bullish set-up.
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CADJPY; Heikin Ashi Trade IdeaIn this video, I’ll be sharing my analysis of CADJPY, using FXAN's proprietary algo indicators with 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! 🙏
XAUUSD- Bearish AB=CD pattern at resistance zone!Timeframe:2H|Pattern: AB=CD| Bias: Bearish Reversal!
Gold (XAUUSD) has completed a precise AB=CD pattern aligning perfectly with a strong resistance zone near 3340-3350 the symmetry of the harmonic pattern combined with historical rejection levels gives a strong signal for a potential downside move
Trade setup idea:
Sell entry: 3340-3350
target:1: 3300
target:2: 3260
risk reward: Favorable setup with harmonic confirmation.
USDCAD's Opportunity Bell Is Ringing — Don’t Miss Out!Hey there, my valued friends!
I’ve prepared a fresh USDCAD analysis just for you.
📌 If the 1.37245 level breaks, the next target will be 1.38000.
Every single like you send my way is the biggest motivation behind sharing these analyses.
🙌 Huge thanks to each and every one of you who supports me!
Would you like to add a visual or a catchy headline to boost engagement even more? I can help with that too.
GBPCAD LONG FORECAST Q3 D11 W28 Y25GBPCAD LONG FORECAST Q3 D11 W28 Y25
It’s Fun Coupon Friday! 💸🔥
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
EURGBP SHORT DAILY FORECAST Q3 D11 W28 Y25EURGBP SHORT DAILY FORECAST Q3 D11 W28 Y25
It’s Fun Coupon Friday! 💸🔥
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
The real action begins around 3349–3352!🚨 Market Watch – Reversal Zone Ahead! 🚨
The market is moving up with strong momentum, eyeing the 3346 liquidity level, where buy-side orders are likely to be swept.
But the real action begins around 3349–3352 a key selling zone where institutional sellers may step in. This area could act as a major resistance, setting the stage for a potential reversal or pullback.
📉 If price shows signs of rejection here, it could be a smart opportunity for short setups. However, always stay sharp and let the price action guide your move.
📌 DYOR (Do Your Own Research)
⚠️ This is not financial advice just market insight. Trade responsibly.
USDCAD LONG DAILY FORECAST Q3 D11 W28 Y25USDCAD LONG DAILY FORECAST Q3 D11 W28 Y25
It’s Fun Coupon Friday! 💸🔥
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
Bullish reevrsal?EUR/NZD has bounced off the pivot and could rise to the 61.8% Fibonacci resistance.
Pivot: 1.93667
1st Support: 1.93001
1st Resistance: 1.94871
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 off overlap support?EUR/GBP is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which acts as a pullback resistance.
Pivot: 0.8569
1st Support: 0.8538
1st Resistance: 0.8640
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.
Gold price surge, today will have a decline✏️ OANDA:XAUUSD The recovery of the D1 candle and the closing candle above 3313 means that the market's downtrend has almost been broken.
The reaction at the current trendline 3284 is still very strong. The price is strongly supported by the buyers, causing gold to return to trading in a wide range.
The 3328 zone will be important in the near future. If it does not break, there will be a decline to the Gap price zone this morning. Trading according to the top-bottom method is suitable for the current market.
Support: 3312-3295-3279
Resistance: 3328-3339-3349-3363
Sell trigger: rejection from 3328–3,340 resistance block
Target: 3295 Support zone, followed by 3279 lower zone
Leave your comments on the idea. I am happy to read your views.
EURAUD confirms the continuation of the bearish correction trendEURAUD has just broken the rising channel to start a downtrend. The confirmation is there with the h4 candle closing completely below the support zone of the Price Channel. This corrective downtrend can now extend to the support of 1.766. The support zone is a Break point at the moment 1.778 is a positive DCA point with a SELL Entry above.
Support: 1.778-1.766
Resistance: 1.790-1.797
Sell now: Resistance zone 1.79000
Target: 1.778 Support zone, followed by 1.766 lower zone
Sell Trigger: Break below 1.778
BUY Trigger: rejection 1.778 Support zone
Leave your comments on the idea. I am happy to read your views.
Potential bullish rise?The Kiwi (NZD/USD) is reacting off the pivot and could rise from this level to the 1st resistance.
Pivot: 0.6018
1st Support: 0.5990
1st Resistance: 0.6061
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 reversal?The Cable (GBP/USD) has bounced off the pivot and could rise to the 38.2% Fibonacci resistance.
Pivot: 1.3529
1st Support: 1.3457
1st Resistance: 1.3633
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 off major support?EUR/ISD is falling towards the pivot which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance,
Pivot: 1.1688
1st Support: 1.1548
1st Resistance: 1.1750
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.
Could the price reverse from here?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 98.09
1st Support: 97.38
1st Resistance: 98.49
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.
Bearish drop off pullback resistance?USD/JPY has rejected off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 146.50
Why we like it:
There is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 147.17
Why we like it:
There is a pullback resistance.
Take profit: 145.21
Why we like it:
There is a pullback support that aligns with the 50% Fibonacci retracement.
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