GBPAUD Sell signal short-term.The GBPAUD pair is trading within a Channel Up since the start of the year, currently expanding its 2nd Bearish Leg of the pattern. The 1st pulled back marginally below the 0.618, before starting the new Bullish Leg.
We are expecting the same level to be targeted at 1.92600.
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Forexsignals
USDCAD Prepare for red October - November.The USDCAD pair hit both of our Targets on the July 25 (see chart below) sell signal:
The initial rebound stopped on the 1D MA50 (blue trend-line) where the price was rejected with the 1D RSI forming a pattern similar to May 2023. As a result, it is possible to see another short-term rebound but on the medium-term, we expect October and November to be another sell sequence.
The March - July 2023 fractal had two similar Bearish Legs of -4.10% each. So since the current first Leg was -3.64%, we expect the one that will follow now to be of around the same strength.
As a result we can target 1.32000 on low risk, just above the Support 1 level.
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Gold trend is buy with target 2700 read the caption Despite the recent dovish comments from US Federal Reserve (Fed) policymakers and mixed US economic data, market expectations for a 50 basis points (bps) interest rate cut in November ease, with the odds of such a move now standing at 50%, down from about 62% seen a day ago, the CME Group’s FedWatch Tool shows.
Gold Price Analysis September 27Fundamental Analysis
Gold (XAU/USD) attracted some sellers over the weekend and fell further from its all-time high, around the $2,685-$2,686 region hit on Thursday. The decline was financed by some buying of the US Dollar (USD), which tends to weaken demand for the commodity. In addition, the bullish market mood, fueled by China’s new stimulus measures, turned out to be another factor driving outflows from the safe-haven precious metal.
That said, expectations of a more aggressive easing policy from the Federal Reserve (Fed) kept the USD confined to a familiar range that has been maintained for about two weeks and within striking distance of the YTD low set last week. This, coupled with the risk of further escalation of geopolitical tensions in the Middle East, should limit losses for Gold. Traders may also prefer to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index.
Technical Analysis
Currently, the trading range of gold is very wide. and Gold can make an ATH at any time during this period. The lower border area is focused on ports 2650 and 2640. The upper area of ATH is focused on the round ports 2690 and 2700. If gold holds above the 2662 hook until the middle of the US session, we can still set up buy orders in this area to the upper resistance areas, and if it breaks 2662, wait for retest and sell to 2650-2640
BUY XAUUSD 2651-2649 Stoploss 2646
BUY XAUUSD 2641-2639 Stoploss 2636
SELL XAUUSD 2688-2690 Stoploss 2693
SELL XAUUSD 2699-2701 Stoploss 2704
Will SUGAR Cup Reach Its Target?When the SUGAR 8-hour chart is examined; It is observed that the price movements continue within the Cup formation formation. It is evaluated that the SUGAR price may retreat to the level of 2077 in price movements below the level of 2278, but it is evaluated that in price movements above the level of 2278, it may exceed the level of 2412 and target the level of 2964.
Hellena | SPX500 (4H): Long to area 5791 (Wave 3).Dear colleagues, it seems that the price continues the upward movement in the wave “3” of the higher and lower order. This means that two scenarios are possible:
1) I expect a small correction to the area of 50% Fibonacci level 5550, then continuation of the upward movement.
2) Price will continue the upward movement in wave “1”, possibly immediately to the area of 5791.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Potential bullish bounce?GBP/JPY is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 193.28
Why we like it:
There is a pullback support level.
Stop loss: 190.41
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
Take profit: 199.15
Why we like it:
There is a pullback resistance level that aligns with the 161.80% Fibonacci extension.
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Could price reverse from here?GBP/CHF is rising towards the resistance level which is an overlap resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.14127
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 1.15233
Why we like it:
There is an overlap resistance level.
Take profit: 1.12379
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading into 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.50935
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.51551
Why we like it:
There is a pullback resistance level.
Take profit: 1.50226
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?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support level which is an overlap support.
Pivot: 0.6354
1st Support: 0.6255
1st Resistance: 0.6411
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 38.2% Fibonacci resistance?USD/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 1.3502
1st Support: 1.3423
1st Resistance: 1.3549
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 reeversal?USD/JPY is rising towards the pivot which is an overlap resistance and could reverse to the 1st support level which acts as an overlap support.
Pivot: 145.97
1st Support: 144.28
1st Resistance: 147.63
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.
Multi-swing high resistance ahead?The Fiber (EUR/USD) is falling towards the pivot which has been identified as a multi-swing high resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 1.1197
1st Support: 1093
1st Resistance: 1.1243
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.
XAU continues to set new recordsThe upcoming US presidential election could boost gold prices due to market uncertainty, making it a safe-haven option for investors. Despite some selling pressure to lock in profits, gold prices remained steady after hitting a new record on Wednesday. Investors believe that upcoming comments from Fed Chairman Jerome Powell and US inflation data will support further rate cuts.
NAS100 Breakout: Aiming for New Highs as US30 Empire Gains The NAS100 has recently broken through key resistance levels and trend lines, signaling bullish momentum. With the US30 (Dow Jones) continuing to show strength, the NAS100 is expected to follow suit, aiming for new highs. The breakout suggests further upside potential as market confidence grows, supported by strong performance in tech and growth stocks. We anticipate continued upward movement, provided key support levels hold and the macroeconomic environment remains favorable. This could be an ideal entry for traders looking to capitalize on the ongoing rally.
Gold price analysis US session September 26Fundamental Analysis
Gold prices struggled to find a solid intraday direction on Thursday, hovering below the all-time highs reached the previous day. Bets on another aggressive rate cut by the US Federal Reserve (Fed) failed to help the US Dollar (USD) capitalize on the previous day’s solid recovery from its YTD lows and support the non-yielding yellow metal. In addition, rising tensions in the Middle East and concerns over China’s economic recovery, despite the latest stimulus plans, acted as a catalyst for the safe-haven precious metal.
However, bullish traders appeared reluctant to press ahead, preferring to wait for further signals on the Fed’s rate cut path before placing fresh bets on Gold prices. Therefore, the focus will remain on the speeches of influential FOMC members, including Fed Chairman Jerome Powell, which will play an important role in influencing the USD price dynamics in the short term. In addition, US macro data - the final Q2 GDP report, Weekly Initial Jobless Claims and Ordinary Durable Goods Orders - will contribute to creating short-term trading opportunities around XAU/USD.
Technical Analysis
The 2689-2691 zone becomes an important resistance zone today to prevent gold from sliding further. we are waiting for SELL signal in that area and retracement of gold price will be expected at 2660 and support level 2640
SELL GOLD 2689-2691 Stoploss 2694
BUY GOLD 2640-2638 Stoploss 2635
BUY GOLD 2660-2658 Stoploss 2655
USDCAD / TRADING INTO DESCENDING CHANNEL & STRAIGHT CHANNEL - 4HUSDCAD / 4H TIME FRAME
HELLO TRADERS
Trend Analysis:
1. August Price Trend:
- The price decline of 4.04% indicates a downward trend throughout the month. This could be due to various factors like market conditions, seasonal variations, or external economic influences.
2. September Price Behavior:
- The initial 1.52% rise in September suggests a possible recovery or correction after the August decline. This could indicate a shift in market sentiment or a reaction to events that occurred at the start of the month.
- The predicted 1.93% decline by the end of September suggests that the recovery was temporary and that the overall trend may continue downward. This could imply continued bearish sentiment or anticipation of adverse conditions.
Technical Analysis:
1. Current Market Condition:
The asset is under bearish pressure , As long as the price remains above 1.361, the bearish momentum is expected to continue.
2. Upward Condition:
- Target 1: If the price breaking 1.361 by closing 4h candle above it , it's expected to rise to 1.370.
- Target 2: If the price stabilizes above 1.370 , the next target is 1.374.
3. Downward Condition:
- If the price trade below 1.361 , it suggests a potential decline:
- Target 1: A decline to 1.350.
- Target 2: If it breaks below 1.350, further decline is expected to 1.344.
USDJPY / EXPECTED RISING % 5.01 - 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
1. Trend Analysis:
- July: The prices showed a clear downtrend, declining by 14.25%.
- August: The trend was unstable, indicating high volatility. There were alternating movements:
- A rise of 5.01%, followed by
- A decline of 6.60%.
- September (Mid-Month): An expected uptrend is indicated, with a projected rise of 5.01%.
2. Volatility:
- The description of price movements in August suggests significant volatility. The lack of a clear trend could indicate market uncertainty or fluctuations due to external factors.
Technical Analysis:
1. Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 142.231, the bullish momentum is expected to continue.
2. Upward Condition:
- Target 1: If the price trades above 142.231, it's expected to rise to 147.179.
- Target 2: If the price stabilizes above 147.179, the next target is 149.345.
3. Downward Condition:
- If the price falls below 147.179 , it suggests a potential decline:
- Target 1: A decline to 139.713.
- Target 2: If it breaks below 139.713, further decline is expected to 137.306.
USDCAD: Bearish Move From Key Level 🇺🇸🇨🇦
USDCAD looks very bearish after a test of a key intraday/daily structure resistance.
The price formed a double top pattern after its test on an hourly time frame.
With a high probability, the pair will reach 1.345 level soon.
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AUDNZD Waiting patiently for that sellThe AUDNZD pair gave us the ultimate sell signal last time (July 11, see chart below) on the 0.786 Fibonacci Channel level and easily hit our long-term 1.08000 Target:
The recent 3-week rebound on its 1W MA200 (orange trend-line) is giving us another chance to open another low risk sell on the 0.618 Fibonacci level, similar to all previous Arc tops. Our Target will be the 0.236 Fib at 1.07900, which has been the most usual Support since 2023.
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