Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Forexsignals
Bearish drop?GBP/AUD is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 1.95584
1st Support: 1.94410
1st Resistance: 1.96411
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.
NZDCAD Buy opportunity at the bottom of the 1-year Channel Up.The NZDCAD pair hit our 0.85650 Target as discussed on our last idea (August 22, see chart below) and then got immediately rejected:
The rejection initiated the Bearish Leg of the 1-year Channel Up and the price is approaching once more the bottom (Higher Lows trend-line) of the pattern. The previous 2 Higher Lows were priced on the 0.236 Fibonacci retracement level, which is slightly below, but the 1D MACD is forming a Bullish Cross today, which has been an absolute buy signal this past year.
As a result, we turn bullish on this pair, targeting Resistance 1 at 0.86450.
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Gold price analysis November 7Fundamental Analysis
Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election.
Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome.
The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November.
Technical Analysis
After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving UP.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
#AUDUSD 1DAYAUDCAD Daily Analysis
The AUDCAD pair has recently broken above a key trendline resistance on the daily chart, indicating a shift toward bullish momentum. Following this breakout, the price is now retesting the trendline, which has turned into support. This setup suggests a potential buy opportunity as the retest confirms the breakout.
Technical Outlook:
- Pattern: Trendline Breakout and Retest
- Forecast: Bullish (Buy Opportunity)
- Entry Strategy: Buy near the trendline support
Traders may consider entering a buy position around the retested trendline, targeting higher resistance levels above. Indicators like RSI showing upward momentum or MACD confirming a bullish crossover can add confidence to this setup, reinforcing the bullish outlook for AUDCAD.
#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair has broken below a key trendline on the daily chart, which has now turned into a resistance level. This trendline breakdown signals potential bearish momentum, as the price is likely to face selling pressure if it attempts to retest this new resistance area.
Technical Outlook:
- Pattern: Trendline Breakdown, now Resistance
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Sell near the trendline, now acting as resistance
Traders may consider selling on any retests of the trendline resistance, with targets set at lower support levels. For additional confirmation, indicators such as RSI reflecting bearish conditions or MACD showing downward momentum can strengthen the setup, supporting the bearish forecast for EURUSD.
Potential bearish drop?EUR/NZD has broken out of the support level which is an overlap support and could drop from this level to our take profit.
Entry: 1.80152
Why we like it:
There is a pullback support level.
Stop loss: 1.81029
Why we like it:
There is a pullback resistance level.
Take profit: 1.78561
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
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Bearish drop?NZD/CAD is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.83288
Why we like it:
There is a pullback resistance level.
Stop loss: 0.83746
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Take profit: 0.82617
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.
Could the price drop from here?The Swissie (USD/CHF) is reacting on the pivot which aligns with the 161.8% Fibonacci extension and could drop to the pullback support.
Pivot: 0.8773
1st Support: 0.8698
1st Resistance: 0.8809
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 Cable (GBP/USD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.2940
1st Support: 1.2842
1st Resistance: 1.3000
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.
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.0772
1st Support: 1.0684
1st Resistance: 1.0840
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.
Investors, Heads Up! XAUUSD Breakout Alert!Calling all traders! XAUUSD is blazing, smashing records with finesse! Here’s the latest:
XAUUSD Overview: Engaged in a gripping duel between 2682 and 2695. Is a breakout looming?
Bearish Outlook: Be alert for potential declines if it dips below the range! Targets: 2676 and 2667.
Bullish Outlook: Anticipate buying opportunities if it breaks above! Targets: 2700 and 2705.
Join the Discussion: Share your perspectives as we journey through this golden terrain! Let’s reach new heights together!
#AUDCAD 2HAUDCAD 2-Hour Analysis
The AUDCAD pair has recently broken below a trendline support on the 2-hour chart, signaling a potential bearish shift. This breakdown is accompanied by a bearish engulfing candle near the broken trendline, reinforcing the likelihood of further downside movement.
Technical Outlook:
-Pattern: Trendline Breakdown with Bearish Engulfing
-Forecast: Bearish (Sell Opportunity)
-Entry Strategy: Sell near the trendline resistance or after confirmation of the bearish engulfing pattern
Traders may consider entering a sell position around this area, targeting lower support levels. Additional confirmation from indicators like RSI showing downward momentum or MACD reflecting a bearish crossover could strengthen this setup, supporting the bearish outlook for AUDCAD.
#DXY 1DAYDXY Daily Analysis
The DXY (US Dollar Index) is currently testing a key trendline support on the daily chart and has recently formed a bullish engulfing pattern near this support level. This combination of trendline support and a bullish engulfing area suggests a potential upward reversal, creating a favorable buy setup.
Technical Outlook:
- Pattern: Trendline Support with Bullish Engulfing
- Forecast: Bullish (Buy Opportunity)
- Entry Strategy: Buy near the trendline support and bullish engulfing area
Traders may consider entering a buy position near this support area, targeting higher resistance levels. Additional confirmation from indicators like RSI indicating oversold conditions or MACD showing a bullish crossover can strengthen the signal and support the bullish outlook for the DXY.
Long on XAUUSDI am entering a long position on XAUUSD as we're hitting an interesting support zone on the 1h timeframe.
Bollinger band are not wide anymore, and the price action is showing that price is trying to go back.
If the support zone is broken, we'll immediately leave the idea with a small loss.
I also placed a buy limit order on the following price : 2655.31.
Gold price today, November 8: Reversing to go upGold prices jumped today as the US Federal Reserve (FED) cut interest rates by 0.25% as the market had predicted. Accordingly, the US base interest rate fell to 4.5-4.75%. This is the second time in 2024 that the FED has cut interest rates to reduce inflation to the 2% target and boost economic growth.
Lower interest rates have put pressure on the value of the USD and bond yields to fall, after rising sharply on November 7 - the time Donald Trump was elected US President. Since then, gold prices have become attractive to investors.
Bloomberg news agency reported that central banks around the world are concerned that Mr. Trump's policies could lead to slower global economic growth and higher inflation.
Analysts say that in the long term, the world gold price will continue to heat up because President Donald Trump intends to impose high import taxes. At that time, the price of goods in the US will increase, affecting inflation, causing the USD to depreciate, pushing the price of gold up.
🔥 XAUUSD BUY 2683 - 2681🔥
✅TP1: 2690
✅TP2: 2700
✅TP3: OPEN
🚫SL: 2675
ICT Long setup EURCHF session trade and swing trade👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
EURCHF for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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USOIL, OILUSOIL price is in the correction period. Now the price is near the support zone 70.01-69.10. If the price cannot break through 69.10, 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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XAU/USD : Liquidity Fills and Key Levels Amid Market VolatilityBy analyzing the #Gold chart in the 1-hour timeframe, we observe that yesterday, as anticipated, both targets of $2745 and $2748 were achieved, with the price even climbing to $2750. After collecting liquidity above these levels, gold experienced a sharp decline following the announcement of Donald Trump's presidency, dropping to $2701. The price quickly filled the liquidity gap and is now trading around $2724.
The key level to watch is $2740—if the price stabilizes below this, further declines toward $2717, $2700, and $2686 are likely. High market volatility persists; inexperienced traders should consider observing the market until it stabilizes. This analysis will be updated soon!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EURGBPEURGBP weekly chart shows that the price is approaching a strong support zone of 0.83088-0.82346. If the price fails to break through the 0.82226 level, a rebound is likely. Consider buying in the red zone.
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Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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XAUUSDXAUUSD price is in the correction phase. Now the price is near the support zone 2689-2675. If the price cannot break through the 2675 level, it is expected that the price will rebound. Consider buying the red zone. (Very Risky Trade)
🔥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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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.