Bullish bounce off 61.8% Fibonacci support?EUR/USD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0376
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.0327
Why we like it:
There is an overlap support level that is slightly below the 76.4% Fibonacci retracement.
Take profit: 1.0458
Why we like it:
There is an overlap resistance level.
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Forexsignals
BTCUSD UPCOMING TREND UPWARD READ IN CAPTION Bitcoin (BTC/USD)* currently at *83,918*, with key levels marked for potential trades. The *resistance* is at *92,026*, while the *support zone* is near *76,129*. The price is expected to test the *resistance* before potentially moving down to the support. Watch for a possible *bullish move* towards *92,026* or a *downward correction* to *76,129
EUR/USD Bullish Reversal Setup – Key Support at 1.0330-1.0367Overview:
The EUR/USD 8-hour chart presents a bullish reversal scenario, with price retracing after breaking an ascending channel. The market is approaching a critical Fibonacci retracement zone (1.0367 - 1.0330), which aligns with a strong support level. A bullish rebound from this area could push price towards the supply zone near 1.0700.
Key Technical Analysis:
Rising Wedge Breakdown: Price recently broke below the ascending wedge, signaling a short-term bearish move.
Fibonacci Retracement: The 0.5 (1.0367) and 0.618 (1.0330) levels act as potential reversal zones.
Support Zone: The market is approaching a demand area where buyers are likely to step in.
Reversal Expectation: A bullish bounce from the Fibonacci zone could lead to a strong move back toward the previous resistance area (1.0700 - 1.0750).
Trade Plan:
📌 Entry: Look for a long position near 1.0367 - 1.0330 after bullish confirmation.
🎯 Target 1: 1.0500 (Short-term resistance).
🎯 Target 2: 1.0650 (Intermediate target).
🎯 Target 3: 1.0700 - 1.0750 (Major resistance).
🛑 Stop Loss: Below 1.0300 to minimize risk.
Conclusion:
EUR/USD is testing a crucial Fibonacci support zone, and if buyers step in, a strong rally toward 1.0700 is likely. Traders should watch for bullish confirmations before entering long positions.
📈 Bullish Bias – Watch for a Reversal from Key Support! 🚀
XAUUSD strong down opportunity soon 1. Trendline Validity
The current trendline is drawn as a downward channel. However, are there enough touches to validate it as a strong trendline? Sometimes, trendlines can be subjective and might not hold.
2. Support & Resistance Strength
The chart marks a "strong selling zone" at resistance, but does it have historical significance? If this level hasn’t been tested multiple times, it might not be as strong.
The support area is expected to hold, but gold is volatile. Is there a fundamental reason supporting a bounce from there?
3. Alternative Scenarios
What if gold breaks out of the downtrend instead of continuing lower? A breakout above resistance could invalidate the bearish expectation.
Instead of a clean bounce at support, price could consolidate sideways or even break below.
4. Fundamental Factors
Are there any upcoming economic events (such as FOMC meetings, CPI reports, or geopolitical tensions) that could disrupt this technical setup?
EURUSD Correcting – Another Fall Ahead?Today I want to analyze EURUSD ( FX:EURUSD ) for a 15-minute time frame and whether EURUSD is ready to fall or not.
EURUSD is moving in a Heavy Resistance zone($1.0537-$1.04500) . It also moves in the descending channel in the 15-minute time frame.
According to the theory of Elliott waves , it seems that EURUSD has completed its 5 downward waves , and we should wait for corrective waves . I expect corrective waves to end either in a descending channel or eventually at a Resistance zone($1.0493-$1.0480) .
I expect EURUSD to attack the Support lines in the coming hours, and if the Support lines break , we should expect a decline to at least 100_SMA(4-hour) .
Note: If EURUSD breaks the Resistance line, we can expect more pumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 15-minute time frame.
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Do not forget to put Stop loss for your positions (For every position you want to open).
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AUDCAD at Key Resistance – Will Sellers Step In?OANDA:AUDCAD has reached a significant resistance zone, highlighted by previous price rejections and strong selling pressure. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in.
The current market structure suggests that if the price confirms a rejection from this resistance, we could see a move lower toward the 0.90200 level, a logical target based on past price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
XAUUSD BEFORE & AFTER READ IN CAPTION XAUUSD (Gold)* with key levels marked for potential trades. The price has recently touched the *support zone* around *2,867.378*, which could offer a buying opportunity. The *resistance* is at *2,920.364*, and the *retest area* is highlighted, suggesting a potential move up if the price bounces from the support. Watch for price action near the *support* for entry and target the *resistance* for potential gains
CHECK XAUUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
(XAUUSD) trading signals technical analysis satup👇🏼
I think now (XAUUSD) ready for( BUY )trade ( XAUUSD ) BUY zone
( TRADE SATUP) 👇🏼
ENTRY POINT (2983) to (2985) 📊
FIRST TP (2890)📊
2ND TARGET (2897)📊
LAST TARGET (2905) 📊
STOP LOOS (2876)❌
Tachincal analysis satup
Fallow risk management
CHFJPYCHFJPY price is in the consolidation phase. Currently, the price is near the support zone of 166.27-166.03. If the price cannot break through the 166.03 level, it is expected that in the short term, there is a chance that the price will rebound. Consider buying the red zone.
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GOLD UPCOMING TREND READ IN CAPTIONThis 4-hour chart of Gold (XAU/USD) shows a recent pullback from the resistance level at 2,920.364, with a key support zone around2,847.153, highlighted as a buy zone. Fibonacci retracement levels are also shown, with the price currently testing the 0.382 level at 2,871.969. The chart suggests a potential retest in the area between2,887.470 and $2,890.000 before a possible bounce toward higher resistance levels. The breakout above the recent high could lead to further gains, but a pullback toward support levels is expected first
EUR/USD UPWARD BIG BULLISHEUR/USD pair on a 1-hour timeframe. The price is currently moving within an ascending trend, with key support around 1.0450 and resistance near 1.0520. After a slight pullback, the chart suggests a potential upward move toward the target of 1.05031. Traders may look for a breakout and upward continuation if the support holds.
Silver big down soon Surely read in captionthe price movement of Silver (CFDs) on a 1-hour timeframe. The price is currently facing resistance around 31.80 and has formed an ascending channel. The key support level is around 31.54, and a potential downside move toward this level is expected. Traders may look for a target around 31.54, with the possibility of further price movement within the defined channel.
OfficialKieranTrewick | XAUUSD | Long from 25% ? The latest chart update shows that price has fully cycled from the 100% to the 25% quarter level within the bullish ascending channel. After failing to break the 2920 resistance due to a decrease in order flow, price continued its descent towards the lower boundary of the channel.
Upon reaching this key support zone, order flow for buying pressure significantly increased, leading to a suitable long entry that has already hit two take profit targets, securing 60 pips. The expectation is for price to slowly ascend back into the channel, aligning with previous value areas and increasing order flow.
However, with high-impact news on the horizon, market sentiment could shift, posing a potential risk to the current bullish market structure. Traders should remain cautious and prioritize risk management in case of unexpected volatility.
FX:XAUUSD
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Oil Upward Trend read captionOil (CFDs) on a 4-hour timeframe. The current price is around 69.05, and it is moving within a defined range, with key resistance near70.00. The price recently dropped to 68.59 but is showing potential for an upward movement toward the70.00 target. Traders are likely watching for confirmation of upward momentum if the price holds above the support and breaks through resistance at $70.00.
#USDJPY 4HUSDJPY (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a trendline support, indicating that buyers are maintaining control. Additionally, the presence of a buy engulfing area suggests strong bullish momentum, signaling a potential continuation of the uptrend.
Forecast:
A buy opportunity may arise if the price continues to hold above the trendline support, confirming bullish pressure.
Key Levels to Watch:
- Entry Zone: A buy position can be considered near the trendline support after confirmation of bullish price action.
- Risk Management:
- Stop Loss: Placed below the trendline support to manage risk.
- Take Profit: Target key resistance levels based on previous price action.
Market Sentiment:
The combination of trendline support and a buy engulfing area indicates strong buying interest. A confirmed bullish move from this level can provide better validation for a buy setup.
#USDCHF 4HUSDCHF (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a channel support, indicating that buyers are holding the price within the upward structure. This suggests that the market may continue its upward movement as long as the support remains intact.
Forecast:
A buy opportunity may arise if the price confirms a bounce from the channel support, signaling potential bullish continuation.
Key Levels to Watch:
- Entry Zone: A buy position can be considered near the channel support after confirmation of bullish price action.
- Risk Management:
- Stop Loss: Placed below the channel support to manage risk.
- Take Profit: Target key resistance levels based on previous price action.
Market Sentiment:
The channel support suggests that buyers are still active in the market. A strong rejection from this level can provide better confirmation for a buy setup.
#DXY 4HDXY (4H Timeframe) Analysis
Market Structure:
The price is forming a falling wedge pattern, which is generally considered a bullish reversal pattern. This suggests that the downtrend is losing momentum, and a potential upward move could follow if the price breaks above the wedge resistance.
Forecast:
A buy opportunity may arise if the price confirms a breakout from the falling wedge pattern, signaling increased bullish pressure.
Key Levels to Watch:
- Entry Zone: A buy position can be considered after a confirmed breakout above the wedge resistance.
- Risk Management:
- Stop Loss: Placed below the recent swing low to manage risk.
- Take Profit: Target key resistance levels based on previous price action.
Market Sentiment:
The falling wedge suggests potential bullish momentum. A confirmed breakout with strong price action can provide better validation for the buy setup.
EURNZD: Potential Sell Setup at Key Resistance LevelOANDA:EURNZD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers regain control.
The recent bullish momentum has brought price back into this zone, making it a crucial level to watch. If sellers step in and confirm resistance, we could see a decline toward the 1.82920 level. However, a break above this resistance zone would invalidate the bearish bias and could signal further upside continuation.
Traders should watch for confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions.
Precious metals declined due to tariff policiesPrecious metals declined due to US President Donald Trump's unpredictable tariff policies but remained anchored at high levels because of this.
On February 25, Mr. Trump directed a study of the possibility of imposing new tariffs on imported copper to rebuild US production of metals critical to electric vehicles, military hardware, power grids and many other consumer goods. He also announced he would soon expand his trade war to include a 25% tariff on goods from the European Union (EU)...
Investors are waiting for the US personal consumption expenditures index (PCE) report, a favorite inflation measure of the Federal Reserve (FED), scheduled to be announced on February 28. How inflation develops can affect the FED's interest rate policy this year and impact the precious metals trend.
Higher-than-expected inflation could strengthen the possibility that the US Central Bank will continue to delay further interest rate cuts. Meger added that as one of the key hedges against inflationary pressures, gold should appreciate more.
Bearish drop off 50% Fibonacci resistance?GBP/CHF has reacted off the pivot which acts as a pullback resistance and could drop to the 1st support.
Pivot: 1.1350
1st Support: 1.1284
1st Resistance: 1.1404
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?EUR/NOK has bounced off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 11.67078
1st Support: 11.62685
1st Resistance: 11.75333
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.