Bullish bounce?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.84007
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.83568
Why we like it:
There is a pullback support level which lines u with the 61.8% Fibonacci retracement.
Take profit: 0.84696
Why we like it:
There is a pullback resistance 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.
Forexsignals
Bearish drop?The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 61.8% Fibonacci support.
Pivot: 1.3235
1st Support: 1.3112
1st Resistance: 1.3302
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.
Falling towards 61.8% Fibonacci support?The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which is also an overlap resistance.
Pivot: 1.1073
1st Support: 1.1019
1st Resistance: 1.1150
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.
NASDAQ 100 (NAS100)If the Federal Reserve decides to implement a 50 basis point cut, it can often lead to a positive market reaction, particularly in technology-focused indices like the NASDAQ 100 (NAS100). However, predicting the exact magnitude of the movement is challenging as it can vary based on various factors, including:1. **Market Sentiment**: If the market perceives the rate cut as a strong signal of support for economic growth, NAS100 could see a notable rally.
2. **Investor Reactions**: Traders might react differently based on their expectations before the announcement. If the cut was anticipated, the immediate reaction might be muted, as much of the effect could have already been priced in.
3. **Additional Factors**: Other influences such as earnings reports from tech companies, inflation data, or global economic conditions can also affect how NAS100 responds post-announcement.
In general, historically, significant rate cuts have led to positive movements in indices like the NAS100, potentially allowing for gains in the range of 1-3% on the day of the announcement. However, actual outcomes will depend on the factors mentioned above and cannot be guaranteed. It’s always wise to consider volatility and other market conditions when investing.
USDCAD - UNDER DOWNWARD PRESSURE - 4HUSDCAD / 4H TIME FRAME
HELLO TRADERS
Currently, prices are trading below the resistance trend line and the turning level at 1.361.
This sets the stage by identifying that the price is under a key resistance line and turning level, specifically at the 1.361 level. The resistance line acts as a ceiling preventing further upward movement.
As long as trading remains below this level, a decline is expected, potentially reaching 1.354 and 1.350.
Here, you're forecasting a possible downward trend. If prices don't break through 1.361, the expectation is for them to move lower, first targeting 1.354, and possibly continuing to 1.350. These levels are likely key support level where the price could find temporary stability.
However, breaking this level would indicate a rise toward 1.370.
This section shifts the focus to an alternative outcome. If the price breaches the 1.361 resistance, it would signal the start of an upward movement, aiming for the next key level at 1.370.
To confirm an uptrend, it is necessary to break through this level, which would then target the next level at 1.374.
Finally, you're stating that for a true and sustained uptrend to be confirmed, the price must break through 1.370. Once this happens, the price is expected to head towards the next resistance level at 1.374.
UPWARD TARGET : 1.370 , 1.374.
DOWNWARD TARGET : 1.354 , 1.350.
NAS100USD / KEY LEVEL 19,954 - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices trading below 19,954 , it indicates under downward pressure
Prices are expected to remain under bearish pressure as long as they trade below the key levels of 19,954 and 19,535. Should the price stabilize and remain below these thresholds, a decline towards 19,187 is anticipated. A breach below this point could signal a further drop to 18,688.
On the other hand, if the resistance at 19,954 is broken, we could witness upward momentum, with prices potentially rising first to 20,194 and then extending to 20,714.
UPWARD TARGET : 20,194 , 20,714.
DOWNWARD TARGET : 19,187 , 18,688.
GBPUSD / UNDER BEARISH PRESSURE - 4H GBPUSD / 4H TIME FRAME
HELLO TRADERS
The price movement reflects both technical and fundamental factors. The 3.58% decline in July can be attributed to global economic uncertainties, such as inflation fears or weakening consumer demand. This decline likely hit key support levels, prompting traders to adopt a more cautious stance.
However, the 4.71% recovery in August suggests a reversal in market sentiment. This could be driven by improving macroeconomic indicators, such as better-than-expected GDP growth or reduced inflation, which restored confidence. Additionally, this rally may reflect a technical bounce off support levels, with short-term traders capitalizing on oversold conditions.
The critical resistance level of 1.326 now acts as a psychological barrier. A failure to breach this level could confirm a bearish outlook, suggesting a downtrend continuation to the next support zones at 1.309 and 1.304. Market sentiment, geopolitical risks, or adverse economic data may further pressure prices.
On the flip side, a decisive break above 1.326 would likely attract bullish momentum, setting the stage for higher targets at 1.329 and 1.335. In this scenario, buyers would anticipate further gains, with potential drivers such as positive earnings reports or an easing of economic uncertainties bolstering confidence. A sustained move above these levels could even signal a broader market rally.
UPWARD TARGET : 1.329 , 1.335.
DOWNWARD TARGET : 1.309 , 1.304
XAU/USD (gold)The impact of the Federal Reserve's interest rate decision on XAU/USD (gold) can vary depending on the size of the cut and the market's perception of the Fed's intentions. Here’s how each scenario might influence gold prices:1. **50 Basis Point Cut**:
- **Likely Impact**: A larger cut typically leads to a weaker U.S. dollar as lower interest rates decrease the yield on dollar-denominated assets. This could make gold, which is priced in dollars, more attractive to international buyers, potentially driving up its price.
- **Market Sentiment**: If the market interprets the cut as a strong commitment to economic growth and easing inflation fears, gold might rally as investors seek safe-haven assets in response to economic uncertainty.
2. **25 Basis Point Cut**:
- **Likely Impact**: While a smaller cut might still lead to some weakening of the dollar, it may not have as pronounced an effect on gold prices compared to a larger cut. If the market views this as a cautious approach by the Fed, it could lead to mixed reactions for gold.
- **Market Sentiment**: A 25 basis point cut might be interpreted as the Fed being more measured in its approach, potentially leading to limited upward movement in gold prices. However, if the messaging from Powell is dovish, indicating more cuts could follow based on future economic data, that could still provide support for gold.
### Summary:
- **General Expectation**: If the Fed opts for a 50 basis point cut, XAU/USD would likely see upward pressure. A 25 basis point cut may result in less significant movement, but the accompanying tone and outlook on future policy will be key in determining gold's direction.
- **Investor Behavior**: Regardless of the rate cut magnitude, the overall market sentiment and investor behavior will play a crucial role. If concerns about inflation or economic stability increase, demand for gold could rise irrespective of the rate cut size.
In conclusion, both scenarios can lead to upward movement in XAU/USD, but the scale of that movement will depend heavily on the Fed's communication and the market's interpretation of the broader economic implications following the announcement.
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.
GJ buy setup;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
JPY Futures Drop as Fed Rate Cut Speculation GrowsJPY futures have fallen below the 0.007134 level, driven by rising speculation of significant interest rate cuts from the Federal Reserve. As market participants brace for potential monetary easing, the U.S. dollar has faced increased pressure, leading to weakness across several pairs, including JPY. Investors expect the Fed to reduce interest rates by up to 100 basis points by the end of the year, which has become a key factor influencing the broader currency market.
Key Market Dynamics: Fed and BoJ Rate Expectations
The growing belief that the Federal Reserve will pursue aggressive rate cuts has been weighing heavily on the U.S. dollar, with many anticipating a softer policy stance in response to slowing economic growth and inflation concerns. This dovish outlook has provided some support for the yen, even as Japan’s economic conditions remain stable.
Meanwhile, the Bank of Japan (BoJ) is expected to maintain its interest rates steady at 0.25% when it meets on Friday. While the BoJ has been cautious with rate adjustments, keeping its ultra-low rate policy in place, the potential disparity between the Fed’s and BoJ’s stances could further impact JPY futures in the coming days.
Technical Outlook: Rebound from Supply Area Signals Bearish Sentiment
From a technical perspective, JPY futures have rebounded off a key supply area, a zone that has previously acted as resistance. The latest Commitment of Traders (COT) report paints a divided picture, with retail traders showing extreme bullishness on the yen, suggesting expectations of further strength. However, institutional investors, often referred to as “smart money,” remain strongly bearish on the currency, signaling their belief that the recent uptick may be short-lived.
This divergence in sentiment provides a clear opportunity for a short position, as the bearish outlook from institutional players suggests that the yen could face downward pressure once the initial bullish momentum subsides.
Looking Ahead: Short Position Setup
Given the current technical setup and the wider macroeconomic backdrop, we are positioning for a short trade on JPY futures. With the price having already bounced off a significant supply area and smart money positioning heavily on the bearish side, a reversal looks increasingly likely. Furthermore, if the Fed’s anticipated rate cuts materialize, the U.S. dollar could stabilize or even rebound, adding further downside pressure to JPY futures.
In the meantime, all eyes will be on the Federal Reserve and the Bank of Japan's respective decisions, as they will be the critical drivers of yen movement in the short term.
✅ Please share your thoughts about JPY 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.
World gold price is moving sideways around 2,573 USD/ouncePressured by a rebound in the US dollar and a slight rise in US government bond yields, the yellow metal lost 0.5% after hitting an all-time high of $2,589 an ounce earlier in the week. Traders are now waiting to see whether the US Federal Reserve will pivot policy at this meeting as expected.
Following a series of optimistic data, financial markets are predicting the possibility of the Fed cutting interest rates more aggressively in its first interest rate cut since 2020. According to the CME FedWatch tool, the market is certain about the possibility of easing monetary policy with 63% predicting a cut of 50 basis points.
“It’s time to act” and be ready for more rate cutsThe Fed raised interest rates to curb inflation, which peaked at a historic 9.1% in June 2022. Maintaining very high interest rates over the past two years has caused many difficulties for Americans, and the economy has recently shown many negative signs, affecting the labor market. Many experts are worried that the US economy will fall into recession. Over the past month, Fed officials have sent many signals that the bank will cut interest rates.
The clearest signal was on August 23 when Fed Chairman Jerome Powell gave a speech saying that "it is time to adjust monetary policy", when inflation in the US has decreased significantly and the labor market has also cooled down to normal levels. Mr. Powell said that the Fed "will do everything" to support a strong labor market. This statement was immediately interpreted as the Fed will begin the process of cutting interest rates from the September meeting.
XAU rises high waiting for investors to take profitAccording to signals from the Fed and the market, in this meeting, the US Central Bank will cut the operating interest rate for the first time since March 2020. Previously, the Fed had raised interest rates 11 times, from March 2022 to September 2023, bringing interest rates from a record low of 0-0.25%/year to the current 5.25-5.5%.
The Fed raised interest rates to curb inflation, which peaked at a historical peak of 9.1% in June 2022. Maintaining interest rates at very high levels in the past 2 years has caused many difficulties for the American people and the economy has recently shown many negative signals, affecting the labor market. Many experts are worried that the US economy will fall into recession. Over the past month, Fed officials have sent many signals that the bank will cut interest rates.
“Nasdaq's Target is 19,500”Today, there is an expectation of a 25 basis point rate cut in the Fed meeting. By the end of the year, a total rate cut of 100 basis points is almost certain. This situation leads to a positive risk appetite being effective on the indices. On the U.S. side, retail sales increased by 0.1%. Meanwhile, industrial production in the U.S. pointed to a positivity exceeding expectations with a 0.8% rise.
Technically, if the resistance level at 19,500 is permanently surpassed, the rise could gain momentum towards the 19,700 and then 19,950 resistance levels. On the downside, if the index falls below the 19,100 level, a pullback towards the support levels at 18,800 and then 18,450 might be seen.
Brent oil trend moving down or up?Amid supply concerns in the markets, oil prices, which had dropped to the $69.30 level, saw a notable rebound. The American Petroleum Institute reported a 1.9 million barrel increase in weekly crude oil inventories, while a slight decrease is expected in the official crude oil inventories to be announced in the U.S. today. In the U.S., strong expectations remain that the Fed will cut interest rates by 25 basis points today. Therefore, despite the positive risk appetite, Brent oil prices have continued to trade with a bearish trend below the $73.00 level.
Technically, if the 72.35 support level is broken, further declines toward 71.50 and 69.30 are possible. On the upside, if the 73.0 resistance is surpassed, buying momentum could accelerate toward the 74.30 and 75.50 resistance levels.
AUDUSD Any post-Fed spike will be a great sell opportunity.The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows.
Ahead of today's Fed Rate Decision, we will welcome any short-term spike on high volatility to short (up to the top of the Resistance Zone) and target the Support Zone at 0.63750.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NZD/USD Rises Ahead of Fed Decision, Reversal Risk LoomsNZD/USD has appreciated in recent trading sessions, supported by improved global risk sentiment as markets anticipate a potential interest rate cut by the U.S. Federal Reserve on Wednesday. However, while the New Zealand dollar has gained momentum, the outlook for the pair remains uncertain, with critical U.S. economic data expected today that could significantly impact all currency pairs trading against the U.S. dollar.
Key Market Drivers: Fed and U.S. Economic News
The Federal Funds Rate decision and the accompanying FOMC statement later this week are at the center of market attention. The potential rate cut by the Federal Reserve has already fueled a wave of optimism, boosting the New Zealand dollar. However, traders remain cautious as today’s U.S. economic news, including inflation and employment data, may provide critical insights into the strength of the U.S. economy ahead of the rate decision.
Any significant surprises in today's economic reports could shift sentiment across all USD pairs, including NZD/USD, potentially creating increased volatility leading up to Wednesday's announcement.
Technical Outlook: Overbought Conditions Raise Reversal Risk
From a technical perspective, NZD/USD is currently in overbought territory, raising concerns that a reversal may be on the horizon. The latest Commitment of Traders (COT) report reveals a striking divergence between retail traders and institutional players. Retailers remain highly bullish on the pair, indicating optimism for continued gains. On the other hand, "smart money," represented by institutional traders, has adopted a more bearish stance, signaling caution.
Given the pair’s overbought conditions and the growing divergence in trader sentiment, we have placed a pending order in anticipation of a potential reversal. This setup aligns with the COT data, where institutional positioning suggests that a pullback could be imminent.
What to Watch: Fed’s Statement and Market Reaction
As the week unfolds, the Federal Reserve's policy decision and statement will play a decisive role in the future trajectory of NZD/USD. A rate cut could further fuel the pair’s appreciation, but the market will closely scrutinize the Fed's tone regarding future rate cuts or tightening measures. Should the Fed take a more dovish stance, the U.S. dollar may weaken further, providing additional support for NZD/USD. Conversely, a more cautious or hawkish outlook could spark a shift in sentiment, favoring the U.S. dollar and triggering the expected reversal.
Conclusion: Caution Ahead of Volatility
While NZD/USD has benefited from recent risk-on sentiment, caution is warranted as the pair enters overbought territory. The ongoing divergence between retail traders and institutional investors, combined with the upcoming U.S. economic news and Fed decision, creates a complex landscape for traders. The potential for heightened volatility is high, making it essential to monitor these developments closely as the week progresses.
For now, our technical indicators and market analysis suggest that a reversal may be imminent, and we are positioned accordingly with a pending order in place. However, as always, the Federal Reserve’s policy outcome will likely be the deciding factor in the pair’s near-term direction.
✅ 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.
EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate ...EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate Decision
As the first London session kicks off this morning, EUR/USD is maintaining its position above the 1.1120 level, with market participants eagerly awaiting today's Federal Funds Rate decision by the U.S. Federal Reserve. The decision is set to dominate market sentiment, with investors and traders closely watching for any signs of policy shifts or forward guidance.
Current Market Sentiment
From a technical standpoint, not much has changed since our previous analysis. The Commitment of Traders (COT) report continues to highlight a significant divergence between retail traders and institutional investors. Retail traders remain overwhelmingly long on the pair, suggesting their optimism for further upside. However, "smart money," often represented by institutional traders, continues to take a bearish stance, positioning themselves for potential downside.
This disparity in positioning further adds to the uncertainty surrounding EUR/USD’s near-term trajectory. As the pair trades within a daily supply zone, the potential for a bearish reversal remains on the table. The supply zone, which has acted as a resistance level, continues to cap any significant bullish advances, keeping the risk of a sharp pullback intact.
Fed Decision: The Key Catalyst
All eyes remain on the Federal Reserve’s policy verdict, which could serve as the key driver for the next move in EUR/USD. The Fed's decision on interest rates, along with its forward guidance, will likely dictate the pair's direction in the coming days. A more hawkish stance from the Fed could fuel U.S. dollar strength, potentially pushing EUR/USD lower. Conversely, any dovish signals might provide the pair with a fresh catalyst for breaking through the current resistance levels.
For now, EUR/USD continues to hover above 1.1120, but the looming Fed decision may be the tipping point that decides whether the pair resumes its bullish momentum or succumbs to the bearish sentiment from institutional traders.
✅ Please share your thoughts about EUR/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.
XRPUSDT Technical AnalysisWhen the XRPUSDT daily chart is examined; It is observed that the price movements continue on the trend line. As long as the crypto's 0.5410 level is not broken down, it is evaluated that the price movements above the 0.5560 level can cross the 0.6310 level and target the 0.7580 level.