Bearish reversal?The Aussie (AUD/USD) is rising towards the pivot which is an overlap resistance and could drop to the 1st support.
Pivot: 0.6758
1st Support: 0.6684
1st Resistance: 0.6813
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.
Forexsignals
Bullish bounce?USD/CHF is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.8495
1st Support: 0.8430
1st Resistance: 0.8584
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 61.8% Fibonacci resistance?The Fiber (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 an overlap support.
Pivot: 1.1104
1st Support: 1.1037
1st Resistance: 1.1153
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.
XAUUSD | Short from Resistance or NEW All Time High ? Everyone's favourite precious metal has been in a near month long range zone for the last few weeks following a surge to the all time high level of $2,532 and a range low of $2,471 in where gold has been stuck in consolidation even with Non Farm Payroll which failed to break this strong range zone.
Most recently we have seen a large bullish surge in momentum that has driven gold from $2,484 to the now resistance topside of the range at $2,536 where it is likely to see another fractal pivot bring price back into the range however that being said with todays upcoming USD releases for the CPI + Inflation Rate traders are anticipating if this could be the day we break the topside and push for another all time high which could be likely but as always is a 50/50 gamble on such red flag events.
Price action wise I will be aiming for the short range from $2,515 - $2,502 with a continuation of the range likely for the next 2 weeks, but as per any high impact news day I will be looking closely at the market structure and volume during these events whilst utilising correct risk management and preferable being out of my trades before and seeing where suitable entries lie following such events.
What are your thoughts ? Let me know in the comments below :)
Gold Analysis September 12Fundamental Analysis
Gold prices rose on an overnight rebound from the psychological $2,500 mark and gained some positive momentum on Thursday. Growing acceptance that the Federal Reserve (Fed) will begin its policy easing cycle and lower borrowing costs next week turned out to be a major factor acting as a boost for the non-yielding yellow metal. That said, bearish bets on a larger Fed rate cut at the end of the September 17-18 policy meeting have pushed the US Dollar (USD) closer to its monthly peak and should limit gains for the commodity.
In addition, a generally positive tone around the equity markets is likely to undermine traditional safe-haven assets and deter traders from placing aggressive bullish bets around Gold prices. Furthermore, the recent range-bound price action and repeated failures to find acceptance above the $2,530-2,532 zone or the all-time high reached in August, make it prudent to wait for strong follow-through buying before positioning for further gains. Traders are now looking forward to the US Producer Price Index (PPI) for fresh impetus.
Technical Analysis
Gold prices pushed up to 2521 in the late Asian session and as the European session began, prices are being pushed back down. The area of interest is the 2512 zone as prices failed to break through until mid-European session, then BUYing back up to 2528 before the US. Breaking 2528 holds until the 2555.xx peak. In the opposite direction when the 2512 zone is broken, wait for retest to sell to 2500 and 2595. In case gold does not push to 12 but flies away, sell again in the 2528-2530 zone.
SELL 2543 - 2545 Stoploss 2549
BUY 2503 - 2501. Stoploss 2498
BUY 2496 - 2494. Stoploss 249
Forecasts suggest that the Fed will decrease by 25 pointsTaking advantage of the opportunity is still there, says RJO Futures senior market strategist Bob Haberkorn. If the Fed decides to reduce it by 50 points, it would mean that the Central Bank of America is surrendering its ability to play.
The results of the Reuters visit showed that most participating economists think the Fed will lower interest rates by 25 basis points at each of the remaining main meetings in 2024. The poll showed that only 9 of the 101 economists expect a half-percent cut next week.
Independent metals trader Tai Wong said that the rise in core CPI has more or less reinforced the possibility that the Fed will proceed with a 25 basis point cut next week. Gold prices may have to wait a little longer to reach new record highs.
💎 TVC:GOLD Buy 2485 - 2487💎
✔️TP1: 2500
✔️TP2: 2510
✔️TP3: OPEN
🚫SL: 2480
💎 TVC:GOLD Sell 2525 - 2527💎
✔️TP1: 2510
✔️TP2: 2490
✔️TP3: OPEN
🚫SL: 2535
EURCAD Sell continuation signalThe EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550.
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XAUUSDGold price is near the main resistance zone 2521-2531. If the price cannot break through the 2531 level, it is expected that the price will drop. Consider selling in the red zone.
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Hellena | GOLD (4H): Short to support area of 2471.720.In the last forecast I assumed a price decline to the area of 2443, but a difficult correction took place and now we see a flat.
I believe that the decline will still take place, but I will set the target a little closer than before. I will set the target in the support area of 2471.720. This is the boundary of the flat.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
CHFJPY: Pullback From Key Support 🇨🇭🇯🇵
There is a high chance that CHFJPY will pullback
from a horizontal daily key level.
I see a nice confirmation after its test - an inverted cup and handle pattern
and breakout of its neckline.
I expect a bullish move at least to 167.75
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Hellena | DJI (4H): Short to 38.2%-50% Fibo lvl`s 40137.Dear colleagues, after I realized that the price is in the upward impulse of wave “1” I realized that we should look for the beginning of the correction of wave “2”.
At the moment I expect the price to rise a little more to the resistance area of 41379 and then start a corrective movement to the area of 38.2%-50% Fibonacci levels (40137).
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EUR/USD Faces Reversal After NFP: A Sell-on-Rallies StrategyAfter dropping near the 1.1 support level, EUR/USD began recovering its losses and successfully reclaimed the 1.11 resistance level. However, after testing the 1.1150 resistance (which previously acted as support during the top formation), the release of the Non-Farm Payrolls (NFP) data triggered a strong reversal, pushing the pair back below the 1.11 support level.
As of now, the price stands at 1.1080, and there is a high likelihood of further downside movement. In my view, selling on rallies presents the best strategy for this pair.
The first target is the support at 1.1, but as said, the pair could even drop to 1.0920 zone
USDJPY Technical AnalysisWhen the USDJPY 4-hour chart is examined; It is observed that the price movements continue below the triangle formation. As long as the USDJPY level of 146.826 cannot be passed upwards, it is evaluated that in price movements below the level of 144.071, it can break down to the level of 140.726 and retreat to the level of 134.941.
EURUSD Technical AnalysisWhen the EURUSD 4-hour chart is examined; It is observed that the price movements continue in a downward trend. While it is evaluated that EURUSD may retreat to the level of 1.09197 in price movements below the 1.09688 support level, it is evaluated that it may exceed the level of 1.10706 and target the level of 1.11340 in price movements above 1.10272.
Forecasts are reinforcing the view that the Fed is about to cut Despite short-term volatility, the precious metal remains an attractive investment in the long term as global government debt rises and interest rates fall. The direction of gold in the coming period will largely depend on the Fed's interest rate policy. If the next US economic data remains gloomy, the Fed will cut more. This will help gold prices conquer new highs.
XAU continues to increase slightlyExperts predict that the possibility of the Fed cutting interest rates by 25 basis points is increasing, which could make gold prices vulnerable in the coming time. The August jobs report is forecast to be insufficient for the Fed to cut by 50 basis points on September 18. This is unlikely to help gold reach new peaks.
Overlap resistance ahead?GBP/JPY is rising towards the resistance level which an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 187.87
Why we like it:
There is an overlap resistance that lines up with the 38.3% Fibonacci retracement.
Stop loss: 189.83
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 184.86
Why we like it:
There is a pullback support level.
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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 revrsal?NZD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6171
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.6234
Why we like it:
There is a pullback resistance level.
Take profit: 0.6091
Why we like it:
There is a pullback support level that is slightly above the 50% 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 50% Fibonacci resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3054
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.3084
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 1.2997
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?EUR/USD has reacted off the support level which is an overlap support and could drop from this level to our take profit.
Entry: 1.1025
Why we like it:
There is an overlap support level.
Stop loss: 1.1071
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 1.0956
Why we like it:
There is a pullback support level that aligns with the 78.6% 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.
Potential bullish rise?EUR/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the overlap resistance.
Pivot: 155.90
1st Support: 153.30
1st Resistance: 159.41
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.