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“The Eurozone manufacturing PMI is weak”Following the interest rate decisions by the ECB and the Fed, the EUR/USD pair has risen to the 1.12 level. Meanwhile, the dollar index is recovering its losses post-Fed, which is limiting further gains in the EUR/USD pair. Today, the manufacturing PMI figures released for the Eurozone and Germany came in below expectations. This increased the pressure on the euro currency. From a technical perspective, if the upward trend continues and the 1.1115 resistance is broken, the next resistance levels to watch are 1.12 and 1.1275. On the downside, if pricing drops below the 1.1045 level, 1.0970 and 1.09 could act as important support levels for further declines.
by primequotes
NZD/USD Hits Supply Level,Potential Double Top Formation SignalsAs forecasted in our recent analysis, the NZD/USD pair has reached the key supply level around 0.6230. At this level, a potential double top formation is emerging, which, in confluence with the supply area, suggests that a retracement may be on the horizon. Adding further weight to the potential for a pullback, the latest Commitment of Traders (COT) report shows that retail traders are heavily long on the NZD/USD, which often serves as a contrarian indicator when combined with technical signals like the double top pattern. Today's focus for investors will be on the preliminary US Purchasing Managers Index (PMI) data for September, which could provide more clues for the next movement in the NZD/USD pair. The Manufacturing PMI is expected to tick up slightly to 48.6 in September from 47.9 in August, signaling a continued contraction in the sector but at a slower pace. Meanwhile, the Services PMI is projected to slip marginally to 55.3 in September from 55.7 in August, indicating a still-expanding services sector, though at a slower rate. Given the current technical setup at the supply zone and the economic backdrop, we are looking for a short setup on NZD/USD, anticipating further downside pressure. The likelihood of a stronger USD could rise, particularly if today's PMI data supports the case for US economic resilience, contrasting with weakness in other major economies like Germany, where the Flash Manufacturing PMI has disappointed markets. As the EUR/USD continues to fall following poor German data, further strengthening of the USD could weigh on the NZD/USD pair, reinforcing the bearish outlook. The combination of retail traders' long positions, a possible double top formation at the supply zone, and positive momentum in the USD positions the pair for a potential retracement, offering a favorable opportunity for short-term bearish setups. Traders should watch today's PMI releases closely, as any stronger-than-expected results from the US could amplify USD strength and accelerate the anticipated pullback in the NZD/USD pair. ✅ Please share your thoughts about NZD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Gold: Will the Falling Wedge Breakout Ignite a +16% Rally?Hey Realistic Traders, let’s dive into the analysis of NASDAQ:GOOGL In the daily timeframe, Google has broken above the upper trendline of the falling wedge pattern. The price has consistently remained above this trendline for the past three trading days, with rising price movement accompanied by bullish divergence. Bullish divergence on the MACD indicates that while the price makes lower lows, the MACD line forms higher lows. This divergence suggests a weakening of bearish momentum and the potential for a price reversal to the upside. Given these technical factors, we forecast a potential upside movement toward the designated target of 181.36 . After reaching this level, a pullback to the green zone around $160 may occur before the price advances to the second target at 191.52. This technical outlook remains valid as long as the price stays above the support area at 148.77. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Google. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
NASDAQ:GOOGLLong
by financialfreedomgoals101
Hellena | BITCOIN (4H): Long to resistance area 64879.Dear colleagues, after analyzing bitcoin I came to the conclusion that the price is in an upward impulse, but the correction “2” is not yet completed or almost completed. I believe that after reaching the area of 56398 the price will again rush in an upward movement with the goal of reaching the area of 64879 in wave “3”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:BTCUSDLong
by Hellena_Trade
12
Could price reverse from here?GBP/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 193.28 Why we like it: There is a pullback resistance level. Stop loss: 196.02 Why we like it: There is a pullback resistance level. Take profit: 189.04 Why we like it: There is an overlap 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.
Short
by VantageMarkets
Heading towards overlap resistance?GBP/CHF is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.14044 Why we like it: There is an overlap resistance level. Stop loss: 1.15191 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Take profit: 1.12394 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.
Short
by VantageMarkets
Bearish reversal?EUR/CHF is rising towards the resistance level which is an overlap resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.95218 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Stop loss: 0.95997 Why we like it: There is a pullback resistance level. Take profit: 0.94314 Why we like it: There is an overlap 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.
Short
by VantageMarkets
Overlap resistance ahead?AUD/JPY is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 99.77 Why we like it: There is an overlap resistance level. Stop loss: 101.41 Why we like it: There is a pullback resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 96.87 Why we like it: There is an overlap 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.
Short
by VantageMarkets
Pullback resistance ahead?GBP/JPY is rising towards the pivot and could reverse to the 1st support level which is an overlap support. Pivot: 193.28 1st Support: 188.98 1st Resistance: 195.93 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.
Short
by ICmarkets
Gold hits all-time high every day?Gold touched a file excessive in advance of US facts that`s predicted to offer clues on whether or not the Federal Reserve`s 50-basis-factor fee discount ultimate week could be the primary in a chain of competitive cuts. Bullion rose as a lot as 0.2% to hit $2,625.89 an ounce, beating the preceding all-time excessive published Friday. Traders are weighing the outlook for charges in advance of a batch of essential financial facts — which include the United States private intake prices gauge and jobless claims — due later withinside the week. Fed Governor Christopher Waller stated on Friday he`d possibly returned quarter-factor cuts at every of the following critical financial institution coverage conferences in November and December, need to the financial system evolve as he expects. Still, he stated any other half-percentage-factor reduce may want to eventuate if the process marketplace weakens. Gold investors have been additionally tracking escalating tensions withinside the Middle East, on worries combating among Hezbollah and Israel may want to expand into a much wider nearby conflict. That could possibly bolster the metal`s haven status. 💎 OANDA:XAUUSD Buy 2559 - 2561💎 ✔️TP1: 2570 ✔️TP2: 2590 ✔️TP3: OPEN 🚫SL: 2550 ➖➖➖➖➖➖➖➖ 💎 OANDA:XAUUSD Sell 2630 - 2632💎 ✔️TP1: 2620 ✔️TP2: 2610 ✔️TP3: OPEN 🚫SL: 2640
OANDA:XAUUSD
by FalCol_TradingMaster
Could the Cable reverse from here?The price is rising towards the pivot which aligns with the 151.8% Fibonacci extension and the 61.8% Fibonacci projection and could reverse to the 1st support which is an overlap support. Pivot: 1.3387 1st Support: 1.3235 1st Resistance: 1.3475 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.
Short
by ICmarkets
Bearish reversal off pullback resistance?EUR/USD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 1.1192 1st Support: 1.1081 1st Resistance: 1.1252 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.
Short
by ICmarkets
XAUUSDHello Traders! What are your thoughts on GOLD ? Gold has maintained its upward momentum in recent weeks, and it is expected to continue this week after some fluctuations and price corrections from the identified levels. If you are looking for a safer entry with less risk, it's advisable to wait for the price to reach the second support level, which provides a more reliable buying opportunity. If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDLong
by HAMED_AZ
4
EURUSDHello Traders! What are your thoughts on EURUSD ? EURUSD has reached a strong resistance level, and it appears that it may not currently have the strength to break through. In this situation, two scenarios—bullish and bearish—are possible: 1. Bullish Scenario: If the resistance level is broken, a buy position can be taken on the pullback. 2. Bearish Scenario: If the resistance holds, a sell position can be entered with a stop above the resistance level. If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
by HAMED_AZ
3
GBPUSD week 39 analysisFundamental Analysis The Bank of England (BoE) announced on Thursday that it kept its policy interest rates unchanged following its September meeting, as expected. In a hawkish surprise, only one policymaker voted in favor of a 25 basis point rate cut. Speaking later in the day, BoE Governor Andrew Bailey said he was optimistic that UK interest rates would fall but added that they needed to see more evidence of remaining inflationary pressures waning. Although GBP/USD fell slightly following the BoE’s announcement, it closed in positive territory on Friday. Fresh selling pressure around the US Dollar (USD) and upbeat UK data helped GBP/USD edge higher early Friday. Investors may overlook overbought conditions and allow the pair to move higher if risk-on flows continue to dominate financial markets heading into the weekend. Technical Analysis GBPUSD is rising at a two-year high around 1.332. The bullish momentum is likely to continue next week towards the resistance level of 1.342. The support zone of 1.327 forms a narrow price range where the pair will trade next week. When these two bands break, the levels to watch are 1.349 and 1.322. In terms of scenario, there is a high probability of a slight pullback to the support zone and the continuation of the uptrend in line with the main market trend. Trading Signals SELL GBPUSD zone 1.341-1.343 Stoploss 1.345 BUY GBPUSD zone 1.324-1.322 Stoploss 1.320
by TVS-Trader