Bullish bounce off major pullback support?EUR/CAD is falling towards the support level which is a pullback support that aligns with the 88% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.48952
Why we like it:
There is a pullback support level that aligns with the 88% Fibonacci retracement.
Stop loss: 1.48500
Why we like it:
There is a support level at the 88% Fibonacci retracement.
Take profit: 1.49680
Why we like it:
There is an overlap 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 reversal off 61.8% Fibonacci resistance?AUD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement an could reverse from this level to our take profit.
Entry: 0.92436
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.93007
Why we like it:
There is a pullback resistance level.
Take profit: 0.91787
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.
Falling towards overlap support?AUD/CHF is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.57788
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.57576
Why we like it:
There is a pullback support level which aligns with the 88% Fibonacci retracement.
Take profit: 0.58096
Why we like it:
There is an overlap 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.
Bearish drop?NZD/JPY is reacting off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could fall from this level to our take profit.
Entry: 90.71
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 91.02
Why we like it:
There is an overlap resistance that is slightly below the 78.6% Fibonacci retracement.
Take profit: 90.20
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.
XAUUSD 30 MINUTE TIME FRAME CHART XAUUSD, 30-minute timeframe chart
XAUUSD retested the resistance level of 2,683.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,683.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,683.30.
Set your stop loss at 2,688.30 below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,667.30 ($16.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1 .
OANDA:XAUUSD OANDA:XAUUSD
GBP/USD – Watching for Support Break and Long Entry OpportunityI'm watching GBP/USD closely. If we break below the current support, my idea is to target the green zone, which I've identified as a strong support level. I believe buyers will likely step in and push the price back up when we reach this zone, offering a good opportunity to enter long.
Strategy: I'll be looking for signs of support holding in the green zone for a potential long entry.
Bearish momentum to extend?GBP/CAD is rising towards the pivot and could drop to the 78.6% Fibonacci support.
Pivot: 1.7896
1st Support: 1.7829
1st Resistance: 1.7957
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.
Bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Entry: 1.0835
1st Support: 1.0783
1st Resistance: 1.0895
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 rise due to tensions in the middle eastIn the Middle East, tensions continue to escalate and could spread after the US announced it would send troops and advanced anti-missile systems to Israel to protect its ally. Earlier, Israel's air defense system was hit by a supersonic missile from Iran and a military base was attacked by drones from Hezbollah.
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election.
Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election.
Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
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.
DXY USDOLLAR Supply Demand Analysis-Price inside daily/weekly supply + trend = sideways.
-Buyers still in control wait for selling confirmation
of price breaking upward trend lines + removing opposing pivot demand
zones.
-We could see price break to the upside and then reverse
(liquidity search/stop run).
GBPJPY Potential Trend ContinuationThe market is currently testing a key psychological support level at 193.000 after a period of consolidation following recent bullish momentum. If GBPJPY closes above the 194.000 level, it could indicate continued upward movement, setting the stage for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely signal further bullish moves, potentially pushing the price toward higher levels within the resistance zone. The target is the resistance at 194.500
EURUSD Possible further Drop after a small up correctionThe market broke through the 1.1000 round number following the negative NFP data for EURUSD, pushing the price below the September low. There's a strong possibility it could retest the next round number at 1.0900. The weekly candle reflects growing bearish momentum, and zooming out reveals that this level has historically acted as a key support multiple times. If the price is rejected at this resistance zone again, it could signal further bearish movement. The overall outlook remains bearish as long as the price stays below 1.1000. The target is the support level at 1.09050
GBP/JPY : Technical Analysis and a signal!hello guys!
it is a risky position!!
Rising Channel:
The price has been trending upward within a well-defined ascending channel. However, it is currently testing the upper boundary of this channel.
Resistance Zone (Red Box):
Strong resistance is seen around the 196.117 level.
The price attempted to break through this resistance but faced rejection multiple times, suggesting a bearish reversal could be imminent.
Support Levels (Green Area):
There’s a key support level of around 187.953.
This support aligns with the lower boundary of the ascending channel, making it a potential target for any upcoming bearish move.
Bearish Momentum:
The price shows signs of weakness as it struggles below the red resistance zone.
A corrective move downwards is expected, with the first target around the 190.000 psychological level, followed by a potential drop to the 187.953 support zone.
Risk-Reward Setup:
The chart shows a clear risk/reward scenario, where a break below the 194.462 zone may trigger a sell-off towards lower levels.
Gold is moving higher because of a stong bullish momentumHello traders.
Today I'm going to try.I'm gonna try to give my analysis about the gold market. As you can see from the chart, the there is a high or big.Bullish momentum that that.Pushing the market to move higher after.There are many corrections that happened recently and from from a top down analysis point of view I can see.The bullish The high bullish momentum is getting involved in the market and the the buyers are taking over the.The gold market to push it higher to reach the 2700 something spot.And.From the weekly and the daily and the 4 hours.Chart you can see that there is a high probability to move higher and to reach all time high record.
XAUUSD, 30-minute timeframe chartXAUUSD, 30-minute timeframe chart
XAUUSD break the resistance level of 2,667.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,667.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,666.30.
Set your stop loss at 2,660.30 below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,682.30 ($17.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
USD/CAD Rebounds from Demand Zone: Bullish Continuation in SightThe USD has shown a strong and positive response to today's economic news, signaling potential for further gains. After a temporary pullback yesterday, the Dollar is now demonstrating resilience, looking ready to recover and continue its bullish movement. This performance aligns well with our previous market analysis, where we anticipated a potential surge in the USD/CAD pair. After the pair found solid support at a key demand area, it now seems primed for an upward continuation.
From a technical perspective, the rebound on the demand zone has set a solid foundation for further growth. This area has proven to be a reliable point of reversal in the past, and the pair's recent price action suggests a renewed bullish momentum could be unfolding. The USD/CAD pair’s ability to hold above this critical zone increases the probability of a sustained upward trend in the days to come.
Adding to the technical picture, the COT (Commitment of Traders) Report reflects a market sentiment that favors the USD. According to the report, large institutional players have been positioning themselves in favor of the Dollar, while retail traders appear to be on the opposite side of the trade. This divergence between the smart money and retail positions is often a key indicator of a potential continuation of the trend. As institutional traders continue to build bullish positions, the likelihood of further upward movement in USD/CAD increases.
Additionally, seasonal patterns for this currency pair are historically aligned with periods of strength for the USD during this time of year. Over the years, USD/CAD has shown a tendency to rise during similar market conditions, adding another layer of confidence to the bullish outlook. While seasonality alone is not a decisive factor, when combined with strong technical and sentiment indicators, it provides valuable insight into the market’s potential direction.
Overall, the combination of technical analysis, market sentiment, and seasonal trends suggests that the USD/CAD is in a favorable position for continued growth. Traders looking for long opportunities may find this to be an ideal setup, especially as the pair navigates through what appears to be the beginning of a bullish momentum. As always, keeping a close eye on upcoming economic data and market events will be crucial in confirming the strength of this potential trend.
✅ Please share your thoughts about USD/CAD 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.
Gold will knock 2700 confirm read the caption There hasn’t been any catalyst this week for the rally in gold although we had a key technical breakout which might have increased the bullish momentum.
The lack of bearish catalysts though is helping to keep the bid going as the market has finished to reprice the aggressive rate cuts expectations that weighed on gold in the past weeks as it contributed to lift real yields.
In fact, in the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle. The pullbacks will likely be triggered by a repricing in rate cuts but unless the Fed’s reaction function changes, the uptrend should remain intact