Get started

Forexsignals

USDCAD IS DRROPPING. DETAILED TECHNICAL AND FUNDAMENTALSUSDCAD is currently trading around 1.4200 after a clean retest of a previously broken support zone, which has now turned into a strong resistance level. Price action is confirming the bearish structure as we see a gradual yet consistent drop from the highs of 1.4540. With the rejection seen from the supply zone and recent lower high formation, momentum is shifting further in favor of the sellers. I am now targeting 1.3800 for the next key level, aligning with both technical confluence and fundamental sentiment. Technically, the structure is clear: we had a failed breakout above 1.4450, followed by a decisive bearish engulfing move. The market then completed a textbook retest at the 1.4340–1.4450 supply zone before resuming the downside move. The current formation on the 12H chart shows a lower low and lower high sequence intact, signaling a trend continuation to the downside. The highlighted zones also provide ideal reward-to-risk setups for continuation traders. From a fundamental perspective, the Canadian dollar is gaining strength due to rising oil prices, with WTI crude now climbing back above the $85 mark. This directly supports the loonie given Canada’s oil-export-driven economy. Meanwhile, US economic uncertainty around upcoming CPI data and shifting Fed rate cut expectations continue to weigh on the dollar’s upside momentum. Additionally, recent risk-on sentiment in global markets is pushing flows into commodity-linked currencies like CAD. With technicals and fundamentals aligning, I remain firmly bearish on USDCAD. As long as price remains below the 1.4340 resistance, I’m looking for continuation toward the major demand zone near 1.3830–1.3800. This setup offers a clean 1:3+ risk-to-reward profile, and I will be scaling in further on bearish confirmations as the market progresses.
Long
by AndrewsMarket-Mastery
EURNZD - at major Resistance: Will it drop to 1.9000?OANDA:EURNZD reached a major resistance level that has previously acted as a strong barrier, triggering some strong bearish momentum. This zone can be a potential point of interest for those looking for short opportunities. Given its historical significance, how price reacts here could set the tone for the next move. If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.9000 level . However, a clear breakout above this resistance could challenge the bearish outlook and mean further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
Short
by TrendDiva
19
XAUUSD Analysis: Will It Soar or Dip? Esential Levels to Monitor🚨 Attention Traders! 🚨 XAUUSD is making waves and breaking through key levels! 🔥 The price is currently battling between 2977 and 2987 — will we see a breakout soon? Bearish Alert: A dip below this range could lead us to targets like 2960 and 2955. ⚠️ Bullish Opportunity: A move above 2987 could trigger buying opportunities, with targets around 3004 and 3030. 🚀 💬 Let’s Talk Strategy! What’s your take on this? Share your insights as we ride this golden wave together and unlock new opportunities! 💰
TVC:GOLD
by ANNA_EXPERT
Heading into 61.8% Fibonacci resistance?EUR/JPY is rising towards the pivot and could drop to the 1st support. Pivot: 161.18 1st Support: 159.92 1st Resistance: 162.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish momentum to extend?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance which is a swing high resistance. Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which lines up with the 38.2% Fibonacci retracement and could reverse to the 1st support which has been identified as a pullback support. Pivot: 1.2890 1st Support: 1.2693 1st Resistance: 1.3006 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Falling towards pullback support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 0.8391 1st Support: 0.8188 1st Resistance: 0.8628 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
XAUUSD Update: Bullish or Bearish? Key Levels to Watch! 🚨 Attention Traders! 🚨 XAUUSD is making waves and breaking through key levels! 🔥 The price is currently battling between 2980 and 2989 — will we see a breakout soon? Bearish Alert: A dip below this range could lead us to targets like 2860 and 2850. ⚠️ Bullish Opportunity: A move above 2989 could trigger buying opportunities, with targets around 3004 and 3027. 🚀 💬 Let’s Talk Strategy! What’s your take on this? Share your insights as we ride this golden wave together and unlock new opportunities! 💰
TVC:GOLD
by ANNA_EXPERT
Bullish bounce off overlap support?GBP/CAD has bounced off the pivot and could rise tot he 1st resistance. Pivot: 1.8119 1st Support: 1.7991 1st Resistance: 1.8368 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bullish bounce?CAD/JPY is falling towards the pivot and could bounce to the 1st resistance. Pivot: 101.88 1st Support: 101.45 1st Resistance: 102.91 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Explosive Breakout Setting Up on GBP/USD – Here's the Roadmap🔥 GBP/USD Technical Analysis – 4H Timeframe | Market Poised for Breakout or Breakdown? Key Support: 1.26888 Key Resistance: 1.28829 Market Structure: Consolidation with bullish undertones Bias: Neutral-to-bullish (pending confirmation) 🧠 Market Overview: The GBP/USD pair is currently consolidating within a well-defined horizontal channel on the 4-hour chart, oscillating between 1.26888 (major support) and 1.28829 (key resistance). This prolonged range-bound behavior reflects a market in balance, where buyers and sellers are cautiously awaiting a catalyst to drive the next impulsive move. The price action suggests that this consolidation phase may be coming to an end soon. A breakout or breakdown from this tight range is likely to set the tone for the next major trend. Market participants should be alert to early breakout signals and volume surges as confirmation triggers. 📊 Price Structure and Key Observations: The market has printed a series of higher lows within the consolidation range, indicating a subtle bullish pressure beneath the surface. Price is hovering near the mid-range zone, consolidating after multiple failed breakout attempts at 1.28829. A squeeze in volatility is evident from narrowing candlesticks and declining ATR, often preceding explosive directional moves. 🔍 Technical Indicators Breakdown: ✅ RSI (14): Currently trading around the neutral zone at 50, showing no clear directional bias. However, higher lows on RSI suggest potential bullish divergence forming, which could be an early signal of upward momentum building up. ✅ MACD: A recent bullish crossover below the zero line indicates potential for a shift in momentum. Histogram bars are starting to turn positive, supporting a near-term bullish scenario if price confirms with a breakout. ✅ Moving Averages: Price is trading above the 50-period SMA, which has acted as dynamic support on several occasions. The 200-period SMA remains below current price levels, indicating a medium-term bullish structure remains intact unless support is broken decisively. 🔮 Potential Scenarios: ✅ Bullish Breakout Scenario: If price breaks and closes above 1.28829 on strong bullish volume, it would represent a major breakout from the current range. This could open the door for a new impulsive leg to the upside. Upside Targets: 🎯 1.29650 – Short-term resistance level from previous highs 🎯 1.30300 – Psychological round number and previous supply zone 🎯 1.31000 – Extended target aligned with Fibonacci 1.618 projection Confirmation Factors: Break + retest of 1.28829 as new support RSI holding above 60 MACD expanding positively ❌ Bearish Rejection / Breakdown Scenario: Should the pair fail to break above 1.28829 and print a strong bearish rejection candle (e.g., Shooting Star, Bearish Engulfing), the pair could retest the lower support of 1.26888. A clean break below 1.26888 with a decisive bearish close could signal a trend reversal, shifting sentiment toward the downside. Downside Targets: 📉 1.26000 – Near-term psychological support 📉 1.25200 – Previous demand area and key fib level (61.8%) 📉 1.24400 – Long-term trendline support (if applicable) ⚙️ Trade Strategy & Risk Management: Breakout Traders: Wait for a confirmed candle close outside the range (either above 1.28829 or below 1.26888) before entering. Avoid false breakouts by validating with volume and momentum indicators. Range Traders: Continue fading the range boundaries (buy near 1.26888, sell near 1.28829) while the channel remains intact. Use tight stop-losses just beyond the range to mitigate whipsaw risks. Swing Traders: A successful breakout presents excellent risk-reward setups for multi-day trades, especially if accompanied by high volatility and news catalysts (e.g., NFP, BoE/Fed announcements). 🧭 Conclusion: The GBP/USD pair is coiling tightly within a critical decision zone between 1.26888 and 1.28829. The tightening price structure, supportive indicators, and market indecision suggest that a major breakout is imminent. Whether bulls take control or bears force a breakdown will largely depend on macroeconomic catalysts and institutional order flow. Traders are advised to stay patient, let the market reveal its hand, and execute only on high-probability setups with clear confirmations. This is not the time to chase the market—this is the time to prepare for the move. 💬 Let me know in the comments how you're positioning yourself on GBP/USD this week! 🔔 Follow for more real-time setups, macro breakdowns, and professional market insights. 📈 Stay sharp, stay technical. Would you like me to generate a matching TradingView chart snapshot with drawn zones and notes to go with this analysis for posting?
Short
by Saeed966
5
USOIL ChatGPT: Chart Analysis for WTI Crude Oil (1-Hour Timeframe) – April 08, 2025 Key Observations: 1. Trend and Price Action: - WTI Crude Oil has been trading in a range-bound pattern, as shown by the blue trendlines. The price has been bouncing between the resistance and support levels. Currently, the price is at the lower end of this range near the support level around 58.88. - The resistance level is at 59.05, and this has been tested multiple times without a sustained breakout, indicating that sellers have been in control around this level. - The price just tested the support level and bounced slightly higher, which suggests the market may be consolidating before deciding the next move. 2. Order Block and FVG (Fair Value Gap): - The order block is located… ChatGPT: - Fair Value Gap (FVG) has been formed around the order block. This means there’s an imbalance in the market that could eventually be filled. Traders should watch for price action near this gap for further insight into whether the gap will be filled or left untested. 3. Volume: - Volume is relatively low, which suggests a lack of strong momentum in the market. This is typical in range-bound markets, where buying and selling activity are often balanced. - However, the volume has spiked during the downward move, which could indicate a potential bearish continuation if the price breaks below 58.88. 4. Bearish Setup and Target: - The chart is showing a bearish setup with the price trading below the resistance zone, and it is testing the support level near
TVC:USOILLong
by EXPERT117Ai
Gold ChatGPT: Chart Analysis for Gold (XAU/USD) – April 08, 2025 – 1-Hour Timeframe Key Observations: 1. Trend and Price Action: - The price of Gold is currently in a downtrend, as indicated by the red trendline showing lower highs and lower lows. The price has recently broken below the previous support level, signaling a continuation of the bearish movement. - The resistance zone near 3,141.64 remains a significant barrier for any upward movement, while the support level at 2,960.00 is holding the price from falling further. 2. Order Block and FVG (Fair Value Gap): - The order block located at 3,138.95 to 3,141.64 has been a key area where price rejection occurred. The price approached this area but failed to break above, indicating strong selling pressure. This … ChatGPT: - The target for the current bearish setup is 3,021, which aligns with the support level near 2,987.47. If the price continues to decline, this target could be reached soon, with further downside movement expected. - If the price holds at the support level and forms a bullish reversal pattern, it may head back towards the resistance zone. However, until the support level holds, the price is likely to continue the downward trajectory. 4. Volume and Market Sentiment: - The volume shows a consistent decline, confirming the selling pressure. The recent spikes in volume near the support level suggest that the market is reacting to the critical support area. - Market sentiment remains bearish, with the price currently below its recent highs and the resistan… ChatGPT: - Bullish Reversal Scenario: If Gold finds support at 2,960 and forms a bullish pattern (such as a reversal candle or engulfing candle), the price might move towards 3,141.64 again. Conclusion: The price of Gold is currently in a downtrend, facing resistance around 3,141.64 and support near 2,960. Traders should watch for price action near these levels to assess the next move. The target of 3,021 is the key level to focus on, and a breakout below this could lead to further downside. If the support level holds, there could be a potential for a bullish rebound towards resistance.
TVC:GOLDLong
by EXPERT117Ai
GOLD (XAUUSD) 2h Update Forecast, technical analysis and Trading1. Current Price: Gold is trading at approximately $2,984.615. 2. Support and Resistance Levels: A resistance zone is marked near the $3,200–$3,150 area, where price action has previously reversed. Two support zones are highlighted: First at around $2,950–$2,975, which the price recently touched and bounced from. Second near $3,050, where a retest might occur before potentially continuing upward. 3. Market Structure: The price had a strong upward rally before sharply pulling back from the resistance zone. A bullish reversal is suggested with the price expected to bounce from the lower support, retest the upper support, and head higher toward the $3,100+ region. 4. Trade Idea (illustrated with a blue arrow): The chart suggests a long (buy) setup if the price respects the lower support. A projected path indicates a possible bullish continuation after confirmation of support holding.
OANDA:XAUUSD
by MR_KING_GOLD
2
Heading into pullback resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.2876 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.2967 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 1.2714 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.
Short
by VantageMarkets
Bearish continuation?NZD/USD is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 0.5587 Why we like it: There is a pullback resistance level. Stop loss: 0.5623 Why we like it: There is a pullback resistance level. Take profit: 0.5510 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.
Short
by VantageMarkets
Bullish bounce?GBP/CAD is reacting off the support level which is an overlap that is slightly above the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 1.8139 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.8000 Why we like it: There is a pullback support level that lines up with the 71% Fibonacci retracement. Take profit: 1.8385 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. 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.
Long
by VantageMarkets
EURCAD Buy signal on 2023 fractal.It's been too long since we last looked on the EURCAD pair (November 29 2024, see chart below) but it delivered nonetheless our 1.500 Target: Thit time the price is consolidating after a strong February rally and posts a similar pattern to October 2022 - January 2023. The 1D RSI sequences between those fractals are identical and it is not technically unreasonable to expect again the bullish trend to be resumed and target the 1.382 Fibonacci extension at 1.62500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Bulls Take Control – Can EURUSD Reach 1.1150 Again?1. What happened (recap): Last week, EURUSD reached the 1.1150 zone, a level that hasn't been touched since August-September last year. After that, the pair started a correction. Although the week started with a gap down yesterday, bulls took control and pushed the pair higher. 2. Key Question: Has EURUSD completed its correction, or is another drop coming? 3. Why I expect further upside: • 🔑 A retest of the formed support at 1.09 occurred during yesterday’s New York session, followed by a fresh rebound. • 📊 The drop from 1.1150 appears corrective in nature, suggesting the possibility of a new leg up. • 🎯 As long as 1.09 holds, my strategy is to buy dips with the primary target being a retest of the 1.1150 resistance zone. 4. Trading Plan: 📌 I’m looking for buying opportunities on dips, aiming to retest the 1.1150 resistance area. This scenario is invalidated only by a daily close below 1.09. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
5
Potential bearish drop?GBP/CAD is reacting off the pivot which is an overlap resistance and could drop to the 1st support. Pivot: 1.8157 1st Support: 1.7918 1st Resistance: 1.8332 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Bearish drop off 61.8% Fibonacci resistance?The Loonie (USD/CAD) has rejected off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.4275 1st Support" 1.4061 1st Resistance: 1.4402 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets