Could the Aussie reverse from here?The price is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support.
Pivot: 0.6244
1st Support: 0.6176
1st Resistance: 0.6292
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
Bullish rise?EUR/JPY has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 159.37
1st Support: 157.99
1st Resistance: 161.51
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?EUR/CAD is reacting off the pivot which has been identified as an overlap support and could drop to the pullback support.
Pivot: 1.49218
1st Support: 1.47989
1st Resistance: 1.50755
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.
Overlap resistance ahead?AUD/JPY is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 96.78
1st Support: 95.52
1st Resistance: 97.49
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.
Potential bullish rise?NZD/JPY has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 86.75
1st Support: 85.88
1st Resistance: 88.15
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?NZD/CAD is rising towards the pivot and could drop to the 1st support.
Pivot: 0.81376
1st Support: 0.80668
1st Resistance: 0.81947
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.
USDCHF short biasI'll be anticipating to short usdChf from 0.91643 taking the Old New York high 0.91611
I didn't see the sell opportunity that happens today to I'm anticipating a pull back to my point of interest then I ride it down.
A believe it's going to be a bearish week.
Please share if you find this insightful 🫴
GBPCAD Approaching Key Resistance — Will Sellers Step In?OANDA:GBPCAD is approaching a key resistance zone, a level previously met with strong selling pressure. The market has rejected this level before, indicating the presence of supply and reinforcing the potential for another move lower.
If bearish confirmation follows—such as rejection wicks or strong bearish candles—this could trigger a continuation to the downside, with 1.80080 as the next key target.
However, a breakout above this resistance would invalidate the bearish bias, shifting focus toward higher levels.
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
Bearish drop?USD/CHF is reacting off the support level which is a pullback support and could drop from this level to our take profit.
Entry: 0.9136
Why we like it:
There is a pullback support level.
Stop loss: 0.9182
Why we like it:
There is a pullback resistance level.
Take profit: 0.9060
Why we like it:
There is a pullback support level that is slightly above 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.
CADCHF Testing Key Support Level - Potential Buy SetupOANDA:CADCHF has reached significant demand zone. This zone has previously acted as a strong area of support, with multiple price reactions indicating buyer interest. The current market structure suggests a potential bullish correction at this level.
The anticipated scenario involves a bullish rejection from the demand zone, leading to a move upward toward the 0.62700 level. This aligns with a short-term correction or a potential shift in momentum if buyers regain control. A bullish confirmation, such as a strong engulfing candle or higher lows forming on the lower timeframes, could strengthen this setup.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Falling towards 50% Fibonacci support?EUR/CAD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.4922
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.4840
Why we like it:
There is a pullback support level that is slightly above the 71% Fibonacci retracement.
Take profit: 1.5067
Why we like it:
There is a pullback resistance.
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/CHF is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9428
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 0.94845
Why we like it:
There is a pullback resistance level.
Take profit: 0.93713
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.
USDCAD Bullish Continuation (Is the gap getting filled?)USDCAD price seems to exhibit signs of overall bullish momentum as the price action may form a credible Higher Low on key Fibonacci and Support levels.
Trade Plan :
Entry @ 1.44700
Stop Loss @ 1.42000
TP 1 @ 1.47632
TP 2 @ 1.50494
Move Stop Loss to Break Even if TP1 hits.
GOLD AnalysisTraders, hello!
How do you feel about gold?
Gold recently bounced off the lower boundary and resumed its upward trend, indicating that it is still in a long-term rising channel. It has already surpassed its peak, indicating more bullish momentum.
We expect gold to continue its upward trend and reach new highs following a possible downturn.
Remember to like and leave a comment with your opinions!
EURUSD Hits Support Zone—Is a Bullish Reversal Coming!!!As I expected , the EURUSD ( FX:EURUSD ) fell to the target I set yesterday.
EURUSD is moving near Support zone($1.039-$1.033) and 100_SMA(4-hour) .
According to the theory of Elliott waves , it seems that the EURUSD has succeeded in completing the corrective Zigzag(ABC/5-3-5) , and we should wait for the EURUSD to rise again. One of the signs of completion can be a Bullish Engulfing Candlestick Pattern with a suitable volume .
I expect EURUSD to rise to Resistance zone($1.0534-$1.0448) after breaking the Resistance lines .
Note: If EURUSD goes below $1.0333, we can expect more dumps .
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Xauusdn weekly chart Gold price stands tall near fresh record highs after closing Thursday well beyond the symmetrical triangle target of $2,785 or the previous all-time high of $2,790.
The 14-day Relative Strength Index (RSI) is currently near 68, suggesting that there is more room to the upside before Gold price enters the overbought territory at 70.
The ongoing bounce in the US Dollar triggers a knee-jerek in Gold prices, slipping back to the $2,800 region per ounce troy following the confirmation of US tariffs on Canada, Mexico, and China.
CADJPY - Sell Opportunity After Support BreakOANDA:CADJPY has broken a key support zone, signaling a potential increase in bearish momentum. The price is currently retesting this broken support, which now serves as resistance.
If sellers confirm resistance at this level, the price is likely to move downward toward the 103.970 level, aligning with the prevailing bearish trend. Conversely, a failure to hold resistance could suggest a potential bullish shift.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
EURUSD Buying Trade Idea from 1.0230-1.02135EURUSD Buying Trade Idea from 1.0230-1.02135
EURUSD Buying Trade Idea from 1.0230-1.02135 at the price level and the idea more empower when the market strongly break the 1.02722 zone.
In the recent days at Friday after the Gold create new High (All time) the other major pairs fall and now traded at the based price.
Market will cover the opening gap this morning Monday Feb 3rd 2025.
The buying setup;
Buy range: 1.0230-1.02135
Stop Loss: 1.01639
Take Profit L1: 1.03456
Take Profit L2: 1.04320
Take Profit L3: 1.05046
Take Profit L4: 1.06155
Use 1% of your account balance at the risk on the setup.
EURUSD Trade War pushing it to parity. 0.9900 Target possible.The EURUSD pair opened with a significant gap downwards in the aftermath of the first Tariff announcements between the U.S. and their strongest trade partners. This is a natural news reaction fundamentally but even from a technical standpoint, it is backed up.
The reason is the massive 11-year Falling Wedge pattern that the pair has been trading in since May 2014. This pattern shows that after last September's Lower High and rejection below both the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line), we have started the new Bearish Leg.
With the 1W RSI making a somewhat Double Bottom on oversold territory (below 30.00), we see a similar pattern with the January 2022 and August 2018 fractals. Those sequences served as bearish continuation patterns following a consolidation phase.
The pair has consolidated through January and now this is the technical signal to resume the bearish trend potentially. The 2018 sequence declined to at least its 0.786 Fibonacci level before hitting the Internal Higher Lows trend-line.
This gives us a new bearish Target below parity at 0.99000, which is also contained above a potentially similar Higher Lows trend-line.
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GBPNZD Approaching Key Resistance – Potential Sell SetupOANDA:GBPNZD is approaching a critical resistance zone that has previously attracted strong selling interest, making it a key level to watch.
If rejection signals appear, such as bearish engulfing candles or increased selling volume, I anticipate a move toward 2.19900. However, if the resistance fails to hold, it may open the door for further upside.
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
GBP/USD Symmetrical Triangle Setup: Bullish Breakout?Here's an analysis based on the chart:
Key Observations :
1. **Bullish Triangle Pattern:**
- A symmetrical triangle or wedge is forming, suggesting potential consolidation before a breakout.
- The upward trendline indicates possible bullish momentum as price approaches a breakout point.
2. **Price Levels:**
- Resistance: 1.24860 (shown as the 1.13 Fibonacci extension level).
- Support: Around 1.24100, where price is currently hovering near the trendline.
3. **RSI (Relative Strength Index):**
- The RSI is above 50, which leans toward bullish momentum.
- Divergence may be forming as price action creates higher lows while RSI doesn't show the same strength.
4. **Candlestick Patterns:**
- Multiple rejections around support suggest buying pressure near the trendline.
Trading Implications:
1. **Bullish Breakout Setup:**
- If price breaks above 1.24860, it could signify a continuation to higher levels, potentially targeting a Fibonacci extension level beyond 1.25.
2. **Reversal or Bearish Setup:**
- If price fails to hold the ascending trendline, expect a move downward, potentially testing 1.23900 or lower.
Time to turn around? GBPUSD"That's GBP, the price go up if it's USD" = Central Cee, 21 Savage
Looks like these two rappers may be onto something here, reaching the 1.618 resistance, we may see the dollar rise against the pound again causing GBP to continue falling.
GBPUSD has currently pierced it's way out of the trend channel, let's see how this plays out.