Could the price drop from here?EUR/CAD has reacted off the pivot and could drop to the 1st support level which acts as an overlap support.
Pivot: 1.5866
1st Support: 1.5545
1st Resistance: 1.5995
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
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 1st resistance which line sup with the 50% Fibonacci retracement.
Pivot: 102.38
1st Support: 101.36
1st Resistance: 104.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off 50% Fibonacci resistance?NZD/CHF is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.50612
1st Support: 0.50042
1st Resistance: 0.51128
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?USD/ZAR is rising towards the pivot and could drop to the 1st support.
Pivot: 18.32616
1st Support: 18.05807
1st Resistance: 18.46573
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.
GBPJPY Buy Analysis: GTEGBPJPY has successfully broken out of the descending trendline, confirming a bullish breakout. This signals a potential continuation to the upside, with price now targeting the next resistance zone around 192.50 - 193.00.
As long as price holds above the breakout level near 191.30, the bullish momentum remains intact. The breakout suggests further upside movement, with buyers stepping in to push price toward the previous highs. Watch for confirmation on lower timeframes to strengthen the move.
NAS100 Buy Analysis: GTENAS100 Buy Analysis:
NAS100 has successfully crossed through the Inverse Fair Value Gap (IFVG) on the 1-hour timeframe, confirming bullish momentum. Price is currently holding above the recent support zone around 19,400, and as long as this level holds, the index is likely to continue its climb.
The short-term target is the top trendline near 19,700 - 19,800, aligning with the broader bullish structure ahead of tomorrow’s CPI news release. Expect increased volatility, but the bullish bias remains intact unless price breaks below the lower trendline around 19,300.
US30 (Dow Jones) Buy Analysis: GTEUS30 has successfully pushed through an Inverse Fair Value Gap (IFVG) on the 1-hour timeframe, confirming bullish momentum. Price action suggests a continuation upward, with the next target being the top trendline around 41,950 - 42,000.
With CPI news scheduled for tomorrow morning, we can anticipate further volatility, but until then, US30 is likely to maintain its bullish structure. As long as price holds above the recent support zone around 41,500, the bias remains bullish towards the higher resistance levels.
Gold market analysis GTEBased on the trend lines in the image, gold (XAU/USD) appears to be forming a descending wedge pattern with lower highs, suggesting bearish momentum. The price recently tested resistance around $2,930 but failed to break above, indicating strong selling pressure.
With the lower trendline acting as support, a potential breakdown below $2,910 could accelerate the sell-off towards $2,900 and lower targets around $2,895-$2,880. Additionally, stochastic divergence at the bottom signals weakening bullish momentum.
Given this setup, we are selling gold with a downside bias, watching for further confirmation of bearish continuation.
EURUSD’s Pullback in Play: Next Stop $1.0934?The EURUSD ( FX:EURUSD ) has managed to break through the Resistance zone($1.0817-$1.0760) and has been on a good upward trend with good momentum in the past week.
The EURUSD appears to be completing a pullback to the Resistance zone (broken) .
According to the Elliott Wave theory , the EURUSD appears to have completed wave 4 , which is a Double Three Correction(WXY) .
I expect EURUSD to rise to the Resistance zone($1.0983-$1.0916) after completing the pullbac k.
Note: If EURUSD goes below $1.0755, 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 a 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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#NZDUSD 1DAYNZDUSD (1D Timeframe) Analysis
Market Structure:
The price is approaching a significant support level, which has previously acted as a key area for price reversals. This level is important for identifying potential buying opportunities.
Forecast:
It is recommended to wait for the price to reach the support level. If bullish confirmation is observed, such as bullish candlestick patterns or increased buying momentum, a buy position can be considered.
Key Levels to Watch:
- Entry Zone: Monitor the price behavior near the support level and consider buying if a clear bounce or bullish signal is confirmed.
- Risk Management:
- Stop Loss: Placed below the support zone to protect against a potential breakdown.
- Take Profit: Target the next resistance levels for potential gains.
Market Sentiment:
Confirmation of bullish sentiment will depend on how the price reacts at the support level. A strong bounce would indicate potential for upward movement, while a breakdown may signal further downside. Waiting for confirmation will provide better trade accuracy.
Bearish reversal off overlap resistance?EUR/GBP is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.8441
Why we like it:
There is an overlap resistance level.
Stop loss: 0.8473
Why we like it:
There is a pullback resistance level.
Take profit: 0.8403
Why we like it:
There is an overlap support level that aligns with the 23.6% 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.
Bearish drop?XAU/USD is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 2,925.63
Why we like it:
There is a pullback resistance level.
Stop loss: 2,953.39
Why we like it:
There is a pullback resistance level.
Take profit: 2,876.15
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.
Heading into overlap resistance?GBP/USD is rising towards the resistance level which is an overlap resistance that is an overlap resistance that is slightly above the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.3045
Why we like it:
There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension.
Stop loss: 1.3264
Why we like it:
There is a pullback resistance that lines up with the 161.8% Fibonacci extension.
Take profit: 1.2812
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.
Bearish drop?USD/CAD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.4430
Why we like it:
There is a pullback resistance.
Stop loss: 1.4539
Why we like it:
There is a pullback resistance level.
Take profit: 1.4382
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci projection.
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.
XAUUSD (GOLD) Trade UpdateThe current price of **XAU/USD (Gold)** is **$2,885**. This level is near a significant support zone, which could influence future price movements.
**Key Levels to Watch:**
- **Support:**
- **$2,878**: A deeper pullback could test this level.
- **Resistance:**
- **$2,8950**: If gold rebounds, this is the first level to break.
**Potential Scenarios:**
- **Bullish Case:** If gold holds **$2,885** and rebounds, a move back to the **$2,900–$2,912** range is possible.
- **Bearish Case:** A breakdown below **$2,885** could push gold toward **$2,878** or lower.
**Trading Tip:** Secure profits if selling from higher levels. If buying, wait for confirmation above **$2,885** with tight risk management.
EUR/USD 15-Minute Chart - Bearish Reversal Trade SetupEUR/USD 15-Minute Chart Analysis
Market Overview:
Current Price: 1.09154
Recent High: 1.09283 (Price rejected from this level)
Volume: 2.91K (Moderate trading activity)
Key Levels:
Resistance: 1.09283 (Strong rejection zone)
Support Levels:
1.09000 (Psychological level)
1.08877 (Major support & target area)
Trade Setup:
Bias: Bearish (Potential reversal after strong upward move)
Entry: Below 1.09100 after confirmation
Take Profit Levels:
TP1: 1.09000
TP2: 1.08900
TP3: 1.08877
Trade Confirmation:
A break and retest of 1.09100 as resistance will confirm bearish momentum.
If price fails to break below 1.09100, bulls might regain control.
Risk Management:
Stop Loss: Above 1.09283 (To protect against a breakout)
Risk-to-Reward: Favorable, as price is showing early signs of reversal.
Conclusion:
Bearish rejection at 1.09283 suggests a possible short trade opportunity.
Wait for price action confirmation below 1.09100 before entering.
Watch volume and momentum for further confirmation of direction.
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains below the key resistance zone, experiencing choppy and range-bound movements since last week. As long as the price stays below this resistance level, we expect a potential decline towards the identified support levels.
A break below $2895 could increase selling pressure and open the door for lower targets.
What’s your outlook on gold? Do you think resistance will break?
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Gold (XAU/USD) 2H Analysis – Bearish Breakout Towards SupportThis is a technical analysis chart for Gold CFDs (XAU/USD) on a 2-hour timeframe from TradingView.
Key Observations:
Price Action & Structure:
The price is currently trading at $2,908.660.
It has recently broken below a consolidation zone (marked by the red rectangle).
The market is forming a bearish structure, suggesting potential further downside.
Support & Resistance Levels:
Resistance: Around $2,920.264, marked by the red zone.
Support: Around $2,886.513 - $2,880.449, marked by the green zone.
Indicators & Volume:
The VStop (Volatility Stop) is around $2,886.513, which aligns with a key support zone.
Volume is at 66.02K, suggesting moderate trading activity.
Trade Setup & Prediction:
Bearish Bias: The price is expected to continue dropping toward the $2,886.513 - $2,880.449 support range.
Potential Entry: A short trade could be taken around the current price, targeting the $2,880 level.
Stop Loss: Above $2,920 to manage risk.
Conclusion:
The market shows bearish momentum with a potential short trade opportunity targeting the $2,880 zone.
If the price fails to break below $2,886, a reversal or consolidation may occur.
GBPCHF: Pullback From Support 🇬🇧🇨🇭
There is a high chance that GBPCHF will pullback from the
underlined blue intraday support.
As a confirmation, I see a cup and handle pattern on that
and a breakout of its neckline.
Goal - 1.1367
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Falling towards 61.8% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.6245
1st Support: 0.6184
1st Resistance: 0.6329
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.