Bearish reversal off 61.8% Fibonacci resistance?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.9106
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.9195
Why we like it:
There is a pullback resistance level.
Take profit: 0.9106
Why we like it:
There is an overlap 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.
Forexsignals
Falling towards overlap suppoprt?NZD/USD is falling towards the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5600
Why we like it:
There is an overlap support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.5578
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 0.5641
Why we like it:
There is an overlap resistance 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 drop?GBP/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2.1897
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 2.2076
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 2.1671
Why we like it:
There is an overlap 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.
Bullish bounce?NZD/CHF is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 0.51093
Why we like it:
There is a pullback support level.
Stop loss: 0.50923
Why we like it:
There is a support level at the 127.2% Fibonacci extension.
Take profit: 0.51335
Why we like it:
There is a pullback resistance 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.
USDJPY - Short TradeMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
From Loss to Opportunity: The GBPJPY Comeback Trade U Can’t MissWe’re back with an update on GBPJPY, breaking down our lessons learned from a stopped-out trade and how we re-entered smarter and stronger.
See how we use precise risk management, volume analysis, and Fibonacci tools to set up a 3:1 reward-to-risk ratio trade.
This update covers everything from identifying key levels to avoiding common pitfalls. Watch now to see why capital preservation is the cornerstone of long-term trading success!
XAUUSD Analysis and Next Marke MovePair Name = XAUUSD
Market = Forex
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Pattern= Support resistance
Details:-
XAUUSD Is over all bullish. But here because of UK session ending and US session starting. We can see a small retesting. After this retesting it will be again on the way to 2770 to 2800 our main target level.
Bullish Target:-
2770
2800
EURGBP Potential correctionThe EURGBP market recently tested the November high, creating a false breakout on the 4-hour timeframe after sweeping liquidity above the 0.84500 level. Following five consecutive bullish days, a retracement may be on the horizon. Despite the price continuing to register higher highs, a bearish divergence has emerged, signaling a potential loss of upward momentum.
With the market now testing the monthly high alongside this bearish divergence, a downward move from the resistance level and channel border appears likely. The key focus is on the support zone around 0.83710
#USDCAD 1DAYUSDCAD (1D Timeframe) Analysis
Market Structure:
The price was supported by a trendline, but after forming a consolidation range near this Resistance, it has broken down, indicating potential bearish momentum. The breakdown suggests that the buyers were unable to hold the trendline, and selling pressure has increased.
Forecast:
A sell opportunity is anticipated as the breakdown below the trendline and range indicates a shift in market sentiment toward the downside.
Key Levels to Watch:
- Entry Zone: Consider entering a sell position after a retest of the broken trendline or consolidation range as resistance.
- Risk Management:
- Stop Loss: Placed above the retest level or recent swing high to manage risk.
- Take Profit: Target the next support levels or Fibonacci retracement areas for potential downside targets.
Market Sentiment:
The breakdown of the trendline support signals bearish sentiment, with further downside likely if the price remains below the retest level. Proper confirmation is recommended before entering the trade.
#GBPCHF 1DAYGBPCHF (1D Timeframe) Analysis
Market Structure:
The price is currently consolidating within a rectangle pattern, with the support level acting as a key area of interest. This zone represents a potential turning point for either a bounce or a breakdown, depending on price action.
Forecast:
- Buy Scenario: If the price bounces back from the rectangle support, it signals a continuation of the range, offering a potential buying opportunity.
- Sell Scenario: If the price breaks below the support line and retests it as resistance, it signals bearish momentum, creating a potential selling opportunity.
Key Levels to Watch:
- Entry Zone for Buying: Near the support level after confirmation of a bounce.
- Entry Zone for Selling: After a breakdown and successful retest of the support line as resistance.
Risk Management:
- Stop Loss for Buying: Placed below the support level to limit downside risk.
- Stop Loss for Selling: Placed above the retested support level.
- Take Profit:
- For Buy: Target the upper boundary of the rectangle or nearby resistance.
- For Sell: Target lower support levels or Fibonacci extension zones.
Market Sentiment:
The rectangle pattern reflects a neutral sentiment, with opportunities for both buying and selling depending on how the price reacts to the support zone. Proper confirmation is essential before executing any trades.
USDCAD Best sell opportunity in 5 years!The USDCAD is standing on unique grounds as it is just below the 9-year Resistance Zone and is consolidating. Last time it hit this Zone was on the week of March 16 2020 and as you can see it got brutally rejected.
Both the January 18 2016 and March 16 2020 tops have similar 1W RSI patterns and after their rejection, the price's first stop was on the 0.236 Fibonacci level. As a result, our Target is 1.26000 on this unique long-term sell opportunity.
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Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.5571
1st Support: 0.5542
1st Resistance: 0.5620
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.
Potential bullish rise?The Loonie (USD/CAD) has reacted off the pivot which acts as an overlap support and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.4342
1st Support: 1.4323
1st Resistance: 1.4382
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.
Potential bullish reversal?GBP/AUD is falling towards the pivot which has been identified as a pullback support and could bounce to the pullback resistance.
Pivot: 1.9649
1st Support: 1.9486
1st Resistance: 1.9816
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 overlap resistance?AUD/JPY is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support.
Pivot: 98.14
1st support: 96.93
1st Resistance: 99.02
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?NZD/JPY has reacted off the pivot which lines up with the 61.8% Fibonacci retracement and could drop to the 1st support.
Pivot: 88.69
1st Support: 87.69
1st Resistance: 89.69
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support that lines up with the 38.2% Fibonacci retracement.
Pivot: 1.0343
1st Support: 1.0254
1st Resistance: 1.0442
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.
Gold prices under pressure from profit takingAt the beginning of the trading session on January 13 (US time), the world gold price fell sharply due to the high demand for profit-taking in the market after the price increased continuously in recent sessions. In addition, the USD also increased sharply. The DXY index reached 109.9 points, the highest level in 2 years.
However, according to analysts, in the last sessions of last week, the gold price continuously approached the level of 2,700 USD/ounce, showing positive signals for the precious metal in the future, despite the great resistance of the recovering USD and the rising US Treasury bond yields.
It can be seen that in the context of many factors against gold, gold is supported by the hedging tool of inflation, financial market fluctuations, economic and geopolitical tensions.
The latest survey results from WisdomTree, an American asset management group, show that the main purpose of using gold in investors' portfolios is "diversification" to spread risks, helping to minimize potential risks in other investments.
Gold prices will fluctuate strongly when Trump takes officeGold prices fluctuated violently today when the USD Index reached 109.35 points, helping the value of the USD increase to its highest level in the past 2 years.
On the other hand, bond interest rates also increased to nearly 4.8%, which encouraged many people to invest in this investment channel. Since then, very little money has flowed into the gold market. Today's gold price has taken on additional disadvantages.
Under pressure from the USD and US bonds, speculators may think that holding gold is disadvantageous. Therefore, many people have sold gold to take profits. Today's gold price has naturally "evaporated" tens of USD/ounce.
Analysts say the international gold market is fluctuating unpredictably due to investors' concerns about financial stability, before Mr. Donald Trump returns to the White House on January 20.