EURGBP Bullish Continuation (Potential Trend Retracement)EURGBP price seems to exhibit signs of overall bullish momentum (after a credible reversal on the 1D timeframe) as the price action may form a credible Higher Low with multiple confluences of key Fibonacci and credible Support levels.
Trade Plan :
Entry @ 0.83328
Stop Loss @ 0.82000
TP 0.8 - 1 @ 0.84390 - 0.84656
Forexsignals
NZDUSD Approaching Key Resistance – Potential Sell SetupOANDA:NZDUSD is approaching a key resistance zone. Previously, this level has acted as strong supply area, leading to a bearish reaction. The ongoing bullish momentum suggests that buyers might test this level soon. A bearish confirmation, such as a strong rejection pattern, bearish engulfing candles, or long upper wicks, would increase the probability of a pullback. If sellers step in, the price could move toward the 0.56570 level.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
Falling towards 38.2% Fibonacci support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.0357
1st Support: 1.0291
1st Resistance: 1.0462
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 continuation?The Cable (GBP/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that lines up with the 127.2% Fibonacci extension.
Pivot: 1.2475
1st Support: 1.2393
1st Resistance: 1.2611
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/JPY is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 151.91
1st Support: 151.04
1st Resistance: 153.74
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 bullish bounce?The Loonie (USD/CAD) has bounced off the pivot which has been identified as pullback support and could rise to the 1st resistance.
Pivot: 1.4295
1st Support: 1.4176
1st Resistance: .4405
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?The Aussie (AUD/USD) is reacting off the pivot which acts as a pullback resistance and could drop to the 1st support level.
Pivot: 0.6285
1st Support: 0.6237
1st Resistance: 0.6330
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?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 1st resistance that lines up with the 38.2% Fibonacci retracement.
Pivot: 0.5630
1st Support: 0.5590
1st Resistance: 0.5716
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?GBP?AUD is reacting off the support level which is an overlap support and could drop from this level to our take profit.
Entry: 1.9897
Why we like it:
There is an overlap support level.
Stop loss: 2.0013
Why we like it:
There is a pullback resistance level,
Take profit: 1.9762
Why we like it:
There is a pullback support level that is slightly above the 161.8% Fibonacci extension.
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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 momentum to extend?GBP?USD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.2466
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 1.2398
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.2581
Why we like it:
There is a pullback resistance level that is slightly below the 127.2% Fibonacci extension.
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.
Potential rebound from support?USD/JPY is falling towards the support level which is an overlap support that is slightly below the 71% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 151.88
Why we like it:
There is an overlap support level that is slightly below the 71% Fibonacci retracement.
Stop loss: 150.93
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
Take profit: 153.24
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 is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0452
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 1.0523
Why we like it:
There is a pullback resistance level.
Take profit: 1.0345
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.
USDJPY - SHORT - 02/02/25On the daily timeframe, USDJPY is still on a retracement. This idea is based off of looking to continue with this trend and reach the daily tf FVG marked.
On the 30min, price has been reaching higher towards a 30min Order Block. This order block meets the criteria: 1.Swept Liquidity 2. Break of Structure 3. Prescence of Structural Liquidity.
The target being the previous structural low, with hopes of price continuing further down.
GBPCAD DAILYThe GBP/CAD pair is trading in a downtrend. The pair has broken below the 50-day moving average and is now trading below the 200-day moving average. The MACD indicator is also in a bearish trend.
The short-term outlook for the GBP/CAD pair is bearish. The pair could fall to the support level However, if the pair breaks above the resistance level at, the outlook could turn bullish.
GBPJPY at Key Support: Potential Rebound AheadOANDA:GBPJPY is approaching a key demand zone, marked by prior price reactions and significant buying pressure. This zone has historically acted as strong support, suggesting the potential for a bullish reaction if buyers step in.
If the price confirms a rejection from this demand zone, I anticipate an upward move toward the 191.450 level, which aligns with a logical retracement level.
Traders should look for bullish confirmation signals, such as bullish engulfing candles or a series of higher lows, to validate potential long positions.
USDJPYHello Traders! 👋
What are your thoughts on USDJPY?
The USDJPY pair has broken its upward trendline and is now trading below a key resistance zone. A pullback to the broken level is expected before the price continues its downward move towards the identified target zone.
Don’t forget to like and share your thoughts in the comments! ❤️
USDCHF Be ready for these trades based on the 1D MA50.The USDCHF pair has been trading within a Channel Up pattern since the September 06 2024 bottom. This is inside a larger Rectangle in which the pair is consolidating for the past 1.5 year.
The bottom of the Channel Up is being tested again today for the 2nd time since January 27, which was a 1D MA50 (blue trend-line) test. This is the key of the pair's trend technically in our opinion.
The current level being so close to the 1D MA50, is the ideal short-term buy entry to target Resistance 1 at 0.92265 on the lowest risk. If the price breaks below the 1D MA50 however, we will quickly take the minimal loss and reverse to selling the bounce near 0.9100, as this bearish break-out took place on both previous Channel Up patterns on May 15 2024 and October 19 2023.
In that case the trade will be long-term, targeting just above Support 1 at 0.84000.
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USDJPY - Support Becomes ResistanceHello Traders !
On Friday 10 January, The USDJPY reached the resistance level (158.874 - 160.209).
Currently, The support level (155.948 - 156.364) is broken🔥
This key level becomes a new resistance level !
So, I expect a bearish move📉
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TARGET: 153.550🎯
EURNZD Testing Key Demand Zone - Bullish Bounce ExpectedOANDA:EURNZD is approaching a significant demand zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key support zone, indicating the potential for a bullish bounce if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this demand zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.83800 level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
USDCAD Testing Key Demand Zone - Bullish Bounce ExpectedOANDA:USDCAD is trading at a significant demand zone, highlighted by prior strong price reactions. This area serves as a critical support level, where buyers have historically stepped in to push prices higher. The current market structure suggests a potential bullish reaction if momentum emerges.
I anticipate that if the price confirms a rejection from this demand zone, marked by bullish candlestick patterns or clear rejection wicks, the pair could move upward toward the 1.43960 level.
Let me know if you agree with this analysis or have additional insights! Feel free to share your thoughts in the comments.
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold is in a strong uptrend, and the current wave is expected to reach at least $3,000. However, it seems that the price needs a temporary pullback to gather momentum for the next move.
After the correction, gold is likely to resume its upward movement toward higher targets.
Don’t forget to like and share your thoughts in the comments! ❤️
GbpUsd- Strongly bullish on medium termAs you know from my previous TVC:DXY analyses, I anticipate a correction in the index, which should lead to a rise in major USD pairs.
Among all the USD pairs I've recently covered, FX:GBPUSD appears to be the most bullish.
Looking at the posted chart, after forming a bullish Pin Bar at its recent low in mid-January, GBP/USD began to reverse and climbed to 1.25, which was the initial target at that time.
A correction followed this first leg up. What stands out in this case is the strong bullish reversal candle that formed after Monday’s Asian open gap. Not only did it fill the gap (like in EUR/USD's case), but the pair also returned to the 1.25 resistance level.
This structure signals strong bullish momentum, and I expect GBP/USD to continue its ascent toward the next key resistance zone at 1.28.
In conclusion, my strategy remains to buy the dips.
Depending on the entry point, this setup offers a potential risk-to-reward ratio of over 1:3.
Hellena | GOLD (4H): LONG to 100% Fibo lvl (2857.750).Colleagues, the situation in the markets is quite complicated. But gold is aiming for new highs, given that in all difficult times gold has been a reliable instrument for storing assets.
At the moment, I expect the completion of lower wave “3” in the area of 2857.750 (100% Fibonacci extension level).
Manage your capital correctly and competently! Only enter trades based on reliable patterns!