Bullish momentum to extend?GBP/AUD is falling towards the pivot that aligns with the 38.2% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 2.0639
1st Support: 2.0566
1st Resistance: 2.0741
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
Heading into pullback resistance?The Loonie (USD/CAD) has rejected off the pivot which acts as a pullback resistance and could reverse to the pullback support that aligns with the 50% Fibonacci retracement.
Pivot: 1.3782
1st Support: 1.3673
1st Resistance: 1.3858
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 pullback resistance?The Swissie (USD/CHF) has rejected off the pivot and could drop to the 1st support which is a pullback support that is slightly below the 61.8% Fibonacci retracement.
Pivot: 0.8070
1st Support: 0.7927
1st Resistance: 0.8157
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 for the Kiwi?The price has bounced off the pivot which acts as a pullback support and could rise to the 61.8% Fibonacci resistance.
Pivot: 0.5899
1st Support: 0.5863
1st Resistance: 0.6000
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 Aussie (AUD/USD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 0.6456
1st Support: 0.6407
1st Resistance: 0.6523
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?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 99.26
1st Support: 97.81
1st Resistance: 100.26
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 off for the Aussie?The price has bounced off the support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could potentially rise from this level to our take profit.
Entry: 0.6450
Why we like it:
There is a pullback support that aligns with the 127.2% Fibonacci extension.
Stop loss: 0.6407
Why we lik eit:
There is a pullback support that is slightly below the 161.8% Fibonacci extension.
Take profit: 0.6524
Why we like it:
There is an overlap resistance that lines up with 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.
Bearish drop off pullback resistance?USD/CAD is reacting off the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3753
Why we like it:
There is a pullback resistance.
Stop loss: 1.3796
Why we like it:
There is a swing high resistance that is slightly above the 145% Fibonacci extension.
Take profit: 1.3709
Why we lik eit:
There is an overlap support that lines up with the 71% 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.
Bullish reversal?GBP/USD is reacting off the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.3396
Why we like it:
There is an overlap support.
Stop loss: 1.3318
Why we like it:
There is a pullback support.
Take profit: 1.3503
Why we like it:
There is a pullback resistance that is slightly below the 38.2% 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.
Bearish breakout off major support?EUR/USD is reacting off the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and a breakout of this level could lead the price to drop from this level to our take profit.
Entry: 1.1587
Why we like it:
There is an overlap support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.1666
Why we like it:
There is an overlap resistance.
Take profit: 1.1451
Why we like it:
There is an overlap support level that lines up with the 61.8% 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.
EURGBP SHORT – DAILY FORECAST Q3 | D17/18 | W29 | Y25💼 EURGBP SHORT – DAILY FORECAST
Q3 | D17/18 | W29 | Y25
FUN COUPON FRIDAY INCOMING !
📊 MARKET STRUCTURE SNAPSHOT
EURGBP is currently reacting from a key higher time frame supply zone, with price action showing weakness at premium levels. Momentum has slowed, and early signs of distribution are appearing. With structure aligning bearishly across multiple timeframes, the pair presents a short bias opportunity.
🔍 Confluences to Watch 📝
✅ Daily Order Block (OB)
Price reacted from a high-probability bearish OB.
Rejection wicks and a shift in candle body control point to supply dominance.
Momentum is fading, confirming the presence of smart money sellers.
✅ 4H Order Block
Clear mitigation of 4H OB followed by an internal break of structure (iBoS).
Price is respecting the OB zone, printing lower highs beneath key supply.
Perfect mid-timeframe confirmation of trend transition.
✅ 1H Order Block
1H structure shifted bearish, validating LTF trend alignment.
Price building supply chain with continued lower highs and bearish engulfing patterns.
Ideal zone for entry on pullback or liquidity sweep.
📈 Risk Management Protocols
🔑 Core Principles:
💰 Max 1% risk per trade
📍 Only execute at pre-identified zones
⏰ Set alerts — avoid impulsive trades
📉 Respect RR — minimum 1:2 per position
🧠 You're not paid for frequency. You're paid for discipline and execution quality.
🧠 Weekly FRGNT Insight
“Trade what the market gives, not what your ego wants.”
Stay mechanical, stay focused, and allow the probabilities to play out. Your job is to control risk — not the outcome.
🏁 Final Thoughts from FRGNT
📌 The structure is clear.
📌 The confluences are stacked.
📌 The bias is confirmed.
Let your execution reflect your discipline, not your emotions.
❤️ Good luck this week, and as always – I’ll see you at the very top.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EURUSD has broken support level and its ascending trendline, indicating a possible shift in short-term market structure and growing bearish pressure.
In the short term, we expect a pullback toward the broken support/trendline zone.
If price fails to reclaim this level, a continued move lower toward the next identified support zone is likely.
As long as price remains below the broken structure, the short-term outlook stays bearish.
Don’t forget to like and share your thoughts in the comments! ❤️
NZDUSD Excellent buy opportunity on the Channel Up bottom.Last time we looked at the NDUSD pair (May 27, see chart below), we gave a buy signal that in a few days hit our 0.60900 Target:
This time the price is trading exactly at the bottom of a 3-month Channel Up, with the 1D RSI entering its Support Zone. The true Support might be a little lower on the 1D MA200 (orange trend-line) and as long as it holds, the trend will remain bullish, but this is the first strong buy signal of the chart.
Our Target is 0.61450, which will be a +4.10% rise, exactly the same as both previous Bullish Legs.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
EURUSD: Support & Resistance Analysis 🇪🇺🇺🇸
Here is my fresh support & resistance analysis for EURUSD.
Vertical Structures
Vertical Support 1: Rising trend line
Vertical Support 2: Falling trend line
Vertical Resistance 1: Falling trend line
Horizontal Structures
Support 1: 1.1577 - 1.1600 area
Support 2: 1.1445 - 1.1458 area
Support 3: 1.1356 - 1.1373 area
Support 4: 1.1190 - 1.1280 area
Resistance 1: 1.1682 - 1.1766 area
Resistance 2: 1.1807 - 1.1830 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDJPY SELLJapanese Yen adds to intraday losses; USD/JPY climbs to 148.80 amid broad-based USD strength
The Japanese Yen selling remains unabated through the early European session on Thursday, which along with a goodish pickup in the US Dollar demand, lifts the USD/JPY pair to the 148.80 region in the last hour. Data released earlier today showed that Japan clocked a smaller-than-expected trade surplus in June.
From a technical perspective, the USD/JPY pair showed some resilience below the 100-hour Simple Moving Average (SMA) on Wednesday, and the subsequent move up favors bullish traders. Moreover, oscillators are holding comfortably in positive territory and are still away from being in the overbought zone, suggesting that the path of least resistance for spot prices is to the upside. Hence, some follow-through strength back towards the 149.00 mark, en route to the overnight swing high near the 149.15-149.20 region, looks like a distinct possibility. The upward trajectory could extend further towards reclaiming the 150.00 psychological mark for the first time since late March.
On the flip side, the 148.00 round figure now seems to protect the immediate downside ahead of the Asian session low, around the 147.70 region. The latter nears the 100-hour SMA, below which the USD/JPY pair could retest sub-147.00 levels. Some follow-through selling might shift the bias in favor of bearish trades and drag spot prices to the 146.60 intermediate support en route to the 146.20 area, the 146.00 mark, and the 100-day SMA support, currently pegged near the 145.80 region\
TP 1 147.931
TP 2 147.342
TP 3 146716
RESISTANCE 149.233
EURUSD BUYThe EUR/USD pair edged lower in the past week, settling a handful of pips below the 1.1700 mark, further retreating from the multi-year peak posted early in July at 1.1830. Financial markets kept revolving around the United States (US) President Donald Trump's targets. With geopolitical woes cooling down, Trump’s focus returned to tariffs, and the Federal Reserve’s (Fed) wait-and-see stance on monetary policy.
Trump fixated on tariffs and Powell
Since the week started, speculative interest kept their eyes on the July 9 tariffs deadline. Trump announced massive retaliatory levies on over 180 trading partners in May, quickly establishing a 90-day grace period afterwards. His goal was to clinch better trade deals with all these nations. But as the date loomed, deals were scarce. The US made some trade arrangements with some minor economies, such as Vietnam, but there were none with major counterparts, nor, of course, with China
TP 1 1.162
TP 2 1.165
TP 3 1.168
RESISTANCE 1.154
AUDNZD Breakout: Long Opportunity in Ascending ChannelToday I want to share with you a Long position opportunity in AUDNZD ( OANDA:AUDNZD ).
Let's first take a brief look at the AUDNZD fundamentals .
RBNZ kept rates at 3.25% , signaling likely further cuts in August.
RBA paused at 3.60% , but dovish bias remains; markets expect more easing ahead.
As NZD is more pressured by immediate rate cuts than AUD, the fundamental setup favors a bullish AUDNZD.
Now let's find a long position for AUDNZD using technical analysis .
AUDNZD seems to have managed to break through the Heavy Resistance zone(1.0963 NZD-1.0870 NZD) and is moving near the Support zone(1.0964 NZD-1.0954 NZD) on the 1-hour time frame .
AUDNNZD is also moving in an Ascending Channel .
I expect AUDNZD to rise at least to the Resistance lines , the second target is the Resistance zone(1.103 NZD-1.0993 NZD).
Note: Stop Loss(SL): 1.0944 NZD
Please respect each other's ideas and express them politely if you agree or disagree.
Australian Dollar/New Zealand Dollar Analyze (AUDNZD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
MarketBreakdown | EURAUD, GBPJPY, WTI CRUDE OIL, SILVER
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURAUD daily time frame 🇪🇺🇦🇺
The market is trading in a bullish trend.
The price is steadily growing within a rising parallel channel.
A recent test of its support triggered a strong bullish reaction.
I think that a rise may continue at least to a current high - 1.8035
2️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵
The market is consolidating within a narrow horizontal
parallel channel.
Consider consolidation, trading within its boundaries.
The next bullish wave will be confirmed with a breakout and a
daily candle close above its resistance.
3️⃣ CRUDE OIL #WTI daily time frame 🛢️
The market remains weak and consolidation continues.
I see a wide horizontal range where the price is now stuck.
I think that we may see a pullback from its support.
4️⃣ #SILVER #XAGUSD daily time frame 🪙
The market is retracing after a formation of a new higher high.
I see a strong demand zone ahead: it is based on a rising trend line
and a recently broken horizontal resistance.
The next trend following movement will most likely initiate from there.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDCHFUSDCHF If the price can stay above 0.78590, it is expected that the price will rebound. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Heading into major resistance?GBP/AUD is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which is a pullback support.
Pivot: 2.0672
1st Support: 2.0462
1st Resistance: 2.0752
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?The Loonie (USD/CAD) has rejected off the pivot which acts as a pullback resistance, and could drop to the 1st support.
Pivot: 1.3742
1st Support: 1.3600
1st Resistance: 1.3792
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?The Loonie (USD/CAD) has rejected off the pivot which acts as a pullback resistance, and could drop to the 1st support.
Pivot: 1.3742
1st Support: 1.3600
1st Resistance: 1.3792
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 off pullback support?USD/JPY is falling towards the pivot which aligns with the 61.8% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 147.07
1st Support: 145.89
1st Resistance: 149.04
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.