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 swing high resistance.
Pivot: 0.8640
1st Support: 0.8598
1st Resistance: 0.8696
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 bounce?EUR/JPY is falling towards the pivot and could bounce to the 1st resistance, which acts as a swing high resistance.
Pivot: 171.05
1st Support: 169.69
1st Resistance: 173.27
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.
Correction in Play, Long-Term BUY Opportunity Ahead XAUUSD 24/07 – Correction in Play, Long-Term BUY Opportunity Ahead
🧭 Market Outlook
Gold has dropped sharply from the 343x region, exactly as outlined in yesterday’s plan. Price has broken below the ascending trendline on the H1 chart and is now tapping into lower liquidity zones (FVG + OBS), signaling continuation of the short-term bearish move.
Key context to watch:
Traders are awaiting final decisions on US global trade policy agreements.
Next week’s FOMC meeting may confirm expectations of an interest rate cut.
Later today, markets will react to US PMI data and Jobless Claims, which could trigger volatility.
📊 Technical View
While the higher timeframe trend (D1/H4) remains bullish, the short-term structure has broken, and the market is now exploring unfilled liquidity pools below. Once these are swept, we anticipate a strong long-term BUY opportunity.
🎯 Trading Plan for Today
📌 Short-Term Strategy:
Look for short-term SELL setups on retracements toward resistance zones. Wait for clear rejection signals before entering.
📌 Mid/Long-Term Strategy:
Prepare to BUY from major Key Levels once price taps into deep liquidity zones. Ensure confluence and good risk/reward before entering.
🔎 Key Levels to Watch
🔺 Upper Resistance Zones:
3393 – 3404 – 3414 – 3420 – 3428
🔻 Lower Support Zones:
3375 – 3366 – 3352 – 3345 – 3330
🔽 Trade Setups
✅ BUY ZONE: 3352 – 3350
SL: 3345
TP: 3356 → 3360 → 3364 → 3370 → 3375 → 3380 → 3390 → 3400
🔻 SELL ZONE: 3414 – 3416
SL: 3420
TP: 3410 → 3406 → 3400 → 3395 → 3390 → 3380
⚠️ Risk Reminder
No major economic news is scheduled for today, but unexpected political statements or geopolitical tensions could cause price spikes.
✔️ Always follow your SL/TP strictly.
✔️ Avoid entering without solid confirmation.
✔️ Watch how price reacts to the levels above.
📣 Follow MMF on TradingView
If this trading roadmap helps your strategy,
📌 Follow the MMF team on TradingView for daily actionable setups, real levels, and no-nonsense analysis based on real market conditions.
🎯 Real trades. Real zones. Real discipline.
Gold at Key Decision Zone – Bounce or Break?Price is currently hovering above a strong support zone, showing potential for a short-term bounce. 🔁
If this zone holds, we could see a bullish reaction toward the 4H trendline resistance above. 📈
However, a break below may lead price to drop and tap into the M30 Order Block (OB) for a deeper mitigation before any move up. ⚠️
If this happen we could look for potential sell till the OB test otherwise the buying opportunity should focused more
🎯 Watch these key zones carefully – market is at a decision point!
Both buy and sell setups possible depending on how price reacts at these levels.
Bearish reversal off pullback resistance?The Cable (GBP/USD) is reacting 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: 1.3589
Why we like it:
There is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3673
Why we like it:
There is a swing high resistance.
Take profit: 1.3469
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
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EURNZD Trendline & Hawkish ECB Bias Support Bullish ContinuationEURNZD is holding beautifully above the ascending trendline on the 4H, and I’m watching this level closely for a bounce continuation setup. Fundamentally, the euro remains supported by sticky inflation and hawkish ECB commentary, while the kiwi is showing softness after dovish signals from the RBNZ and mixed jobs data. If this trendline holds, I’ll be targeting a retest of the upper wedge resistance near 1.9640.
🔍 Technical Setup (4H):
Structure: Ascending triangle forming – price is pressing into dynamic support.
Support Zone: Around 1.9480 trendline area – price rejected this level several times in July.
Resistance Target: 1.9640 highs – double top and triangle resistance.
Bullish Confirmation: Rebound with bullish engulfing or strong 4H close above 1.9525 could trigger long setup.
Invalidation: Clean break below trendline and 1.9440 invalidates bullish scenario short-term.
💡 Fundamental Insight:
EUR Drivers:
ECB members remain cautious about declaring victory on inflation.
German and Eurozone CPI data remain above target, supporting higher-for-longer ECB stance.
Speculation that ECB won't cut aggressively compared to RBNZ.
NZD Weakness:
RBNZ minutes show concern over downside inflation risks.
Labor market cooling, and migration pressures remain high.
Commodity and China-linked sentiment weakening NZD.
⚠️ Key Risks:
If Eurozone inflation or PMI data surprises to the downside, EUR may weaken.
RBNZ hawkish pivot or surprise tightening would flip sentiment toward NZD.
Global risk-on could favor NZD as a high-beta currency.
🧭 Summary:
I’m bullish on EURNZD as long as price holds above the trendline near 1.9480. The technical structure shows a clean ascending pattern, and the fundamentals currently favor EUR strength over NZD. My eyes are on a potential move toward 1.9640, especially if upcoming ECB rhetoric stays hawkish. EURNZD tends to lead NZD-crosses like NZDJPY or NZDCHF in risk-off regimes and could signal euro strength if it breaks out. Watching closely for price action confirmation.
GBPNZD: Bullish Move in a Channel 🇬🇧🇳🇿
I see a horizontal parallel channel on GBPNZD on a daily.
The price is currently testing its support.
On an hourly time frame, a cup & handle pattern was formed on that.
Its neckline was violated with the today's high impact news.
I think that the price may bounce at least to 2.246 level.
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AUDUSD: Bearish Flag Retest Within Macro HeadwindsAUDUSD is developing a clean bearish technical setup just as macro fundamentals increasingly weigh on the Australian dollar. The pair recently completed a rising wedge breakout and is now retesting broken structure within a larger downtrend. With risk sentiment shaky due to U.S. tariff threats and dovish repricing of the RBA’s outlook, Aussie bulls may struggle to sustain momentum. A confirmed breakdown below 0.6458 could open the door toward June’s swing low near 0.6390.
🧠 Technical Breakdown:
✅ Bearish Flag Structure:
The chart shows a sequence of bearish flags and rising wedges, all of which have historically broken lower. The latest breakout to the downside was sharp, and the current rally appears corrective.
✅ Fib Levels & Confluence:
Price is hovering near the 38.2% retracement (0.6510) from the last leg down. The invalidation zone around 0.6565 aligns with a supply zone, making it an ideal SL area.
✅ Target Zones:
First support: 0.6458
Measured move: 0.6390 - 0.6370
These coincide with Fib 61.8% & 100%, adding technical confluence.
📉 Fundamental Drivers:
Dovish RBA Signals: Labour data missed expectations, and June inflation slowed (4.8% vs. 4.9% expected), softening the RBA’s hawkish stance.
Stronger USD Outlook: Powell’s reappointment risk and rate-cut delay pricing have supported the dollar. U.S. data (Retail Sales, CPI) still signal sticky inflation and strong labor.
Tariff Risk from Trump: With the U.S. floating global 10% tariffs, risk assets like AUD (a high-beta currency) face downside pressure.
⚠️ Risks to Bearish Bias:
Stronger-than-expected China stimulus could support AUD as a proxy.
A dovish Fed pivot or soft U.S. data might undercut USD strength.
Bearish reversal off 161.8% Fibonacci resistance?EUR/USD is rising towards the resistance level which is a pullback resitance that lines up with the 161.8% Fibonacci rretracement and could drop from this level to our take profit.
Entry: 1.1786
Why we like it:
There is a pullback resistance level that lines up with the 161.8% Fibonacci extension.
Stop loss: 1.1828
Why we like it:
There is a swing high resistance.
Take profit: 1.1691
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
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EURUSD Analysis - Can Buyers Push Price To $1.18000?Hello all dear traders!
EURUSD is trading within a clear bullish channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum shows that buyers are in control, suggesting further upside.
The price recently broke above a key resistance zone and is now coming back to retest it. If this level holds as support, it will consolidate the bullish structure and increase the likelihood of a move towards the 1.18000 target, which is in line with the upper boundary of the channel.
As long as the price remains above this support zone, the bullish outlook remains intact. However, a failure to hold this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback.
Remember, always validate your setups and use appropriate risk management.
GBPCAD Q3 | D24 | W30 | Y25📊GBPCAD Q3 | D24 | W30 | Y25
Daily Forecast🔍📅
Here’s a short diagnosis of the current chart setup 🧠📈
Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭.
It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias.
This keeps us disciplined and aligned with what price action is truly telling us.
📈 Risk Management Protocols
🔑 Core principles:
Max 1% risk per trade
Only execute at pre-identified levels
Use alerts, not emotion
Stick to your RR plan — minimum 1:2
🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk.
🧠 Weekly FRGNT Insight
"Trade what the market gives, not what your ego wants."
Stay mechanical. Stay focused. Let the probabilities work.
FRGNT
EURCAD: Bearish After the News 🇪🇺🇨🇦
EURCAD may drop from a solid daily resistance.
As a confirmation signal, I spotted a bearish engulfing candle
on a 4H time frame after its test.
The formation of this candle is accompanied by multiple negative
German fundamentals.
Goal - 1.5976
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DXY 1D – Tipping Point: News or Price Action?Hey Guys,
The DXY index is currently moving within a downtrend. This trend is unlikely to reverse unless it breaks above the 98.950 level.
Sure, key fundamental data could shift the trend, but without those news catalysts, a reversal at this point doesn’t seem realistic.
Don’t forget—98.950 is a critical threshold for the DXY.
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Bearish reversal off 50% Fibonacci resistance?GBP/USD is rising towards the resistance level which his a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3589
Why we like it:
There is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3673
Why we like it:
There is a pullback resstance.
Take profit: 1.3469
Why we like it:
There is an overlap support that aligns with the 38.2% 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.
Could the Fiber reverse from here?The price is rising towards the pivot which is a pullback resistance and could reverse to the 1st support.
Pivot: 1.1812
1st Support: 1.1608
1st Resistance: 1.1903
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?US Dollar Index (DXY) is falling towards the pivot which aligns with the 78.6% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 97.00
1st Support: 96.48
1st Resistance: 97.77
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.
XAUUSD M30 BEST BUYING ZONE 📈 Gold is in a strong buying trend!
As always, I follow the trend — and right now, the trend is bullish. Here's what to look for:
✅ Strong Buying Zone
Look to buy if you see a solid bullish candlestick confirmation in this area.
📍 Alternative Entry Point
If price sweeps below 3416, we’ll look for a potential buy opportunity there — but again, only with candlestick confirmation.
🔓 Open Your Layers
Be prepared for both setups. Follow the market reaction and adapt accordingly.
⚠️ Risk Management is Key
No matter how strong the trend looks, always stick to your risk management rules. Discipline protects profits! 💼
🚀 Let’s ride the trend and stay smart!
NZDUSDNZDUSD price is near the support zone 0.59197-0.58790. If the price cannot break through the 0.58790 level, it is expected that the price will rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Major resistance ahead?USD/JPY is rising towards the pivot and could reverse to the 1st support which aligns with the 50% Fibonacci retracement.
Pivot: 147.67
1st Support: 145.89
1st Resistance: 149.03
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 reversal off overlap resistance?USD/JPY is rising towards the resistance level which is an overlap resitance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 147.88
Why we like it:
There is an overlap resistance that is slight.y above the 50% Fibonacci retracement.
Stop loss: 149.18
Why we like it:
There is a swing high resistance.
Take profit: 145.85
Why we like it:
There is an overlap support that lines up with the 50% 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.
EUR/USD Elliott Wave Update –Classic Wave 5 Breakout OpportunityThis chart of the EUR/USD pair shows a well-structured Elliott Wave impulse pattern unfolding on the 4-hour timeframe. The price action is currently progressing in the final Wave (5) of the impulse cycle, which typically represents the last bullish leg before a larger correction begins.
Wave (1): The initial move up from the bottom (early May), showing a clean 5-wave internal structure.
Wave (2): A healthy retracement after Wave 1, forming a base for further upside.
Wave (3): The strongest and steepest rally, as expected in Elliott theory. It broke past previous highs and extended sharply.
Wave (4): A corrective phase that formed a falling wedge pattern — typically a bullish continuation pattern.
Wave (5): Currently in progress. The wedge has broken to the upside, confirming the potential start of Wave 5.
Target 1 (T1): 1.18306
Target 2 (T2): 1.19012
Stop Loss (SL): 1.16600
After a strong uptrend, the market went sideways in a wedge pattern (a typical wave 4 behavior). It has now broken out, signaling the start of the final wave 5 move. This is often a strong and sharp push. Since the breakout is clean and the Elliott wave count aligns well, this creates a favorable long opportunity
Bullish reversal?USD/CAD is faalling towards the support level which is a multi swing low support and could bounce from this level to our take profit.
Entry: 1.3553
Why we like it:
There is a multi swing low support.
Stop loss: 1.3500
Why we like it:
There is a support at the 127.2% Fibonacc extension.
Take profit: 1.3646
Why we like it:
There is a pullback resistance.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce to from this level to our take profit.
Entry: 1.1660
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss: 1.1593
Why we like it:
There is a multi swing low support that is slightly below the 78.6% Fibonacci retracement.
Take profit: 1.1813
Why we like it:
There is a swing high 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.