Forexsignals
Falling towards 50% Fibonacci support?AUD/USD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6333
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.6298
Why we like it:
There is a pullback support level that lines up with he 78.6% Fibonacci retracement.
Take profit: 0.6401
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.
Bearish drop?USD/JPY is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 149.44
Why we like it:
There is a pullback resistance level that aligns with the 127.2% Fibonacci extension and the 61.8 Fibonacci retracement.
Stop loss: 150.97
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 147.54
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 reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4366
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.4447
Why we like it:}
There is a pullback resistance level.
Take profit: 1.4345
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.
Bullish bounce?USD/CHF is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8726
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 0.8618
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 0.8851
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
#EURCHF 4HEURCHF (4H Timeframe) Analysis
Market Structure:
The price is currently testing a well-established trendline resistance, which has previously acted as a barrier for upward movement. Sellers have shown strong presence at this level, leading to potential downside pressure.
Forecast:
A sell opportunity may emerge if the price faces rejection at the trendline resistance and forms bearish confirmation. If the resistance holds, the market may continue its downward movement.
Key Levels to Watch:
- Entry Zone: Selling near the trendline resistance after confirmation of rejection.
- Risk Management:
- Stop Loss: Placed above the trendline resistance to minimize risk.
- Take Profit: Target lower support zones or previous swing lows.
Market Sentiment:
If the price remains below the trendline resistance, the bearish outlook stays valid. However, a breakout above this level could shift sentiment toward further bullish movement.
#USDCAD 4HUSDCAD (4H Timeframe) Analysis
Market Structure:
The price is currently trading within a well-defined downtrend channel and has reached the upper boundary, which is acting as strong resistance. Previous price action suggests that sellers have been active at this level, leading to potential bearish pressure.
Forecast:
A sell opportunity may arise if the price fails to break above the channel resistance and shows signs of rejection. If the resistance holds, further downside movement is expected within the channel structure.
Key Levels to Watch:
- Entry Zone: Consider selling near the channel resistance upon confirmation of bearish rejection.
- Risk Management:
- Stop Loss: Placed above the channel resistance to manage risk.
- Take Profit: Target lower levels within the channel, aligning with previous support zones.
Market Sentiment:
As long as the price remains within the downtrend channel and respects the resistance, the bearish trend is likely to continue. However, a breakout above the resistance may shift the market sentiment toward bullish movement.
#XAUUSD #GOLD 4HXAUUSD (4H Timeframe) Analysis
Market Structure:
Gold is currently facing resistance at a descending trendline, which has been limiting upward movement. This trendline has acted as a strong barrier, preventing the price from breaking higher. Sellers are likely to step in at this level, increasing bearish pressure.
Forecast:
A sell opportunity may arise if the price respects the trendline resistance and shows bearish confirmation signals. If the price fails to break above this level, further downside movement can be expected.
Key Levels to Watch:
- Entry Zone: Consider selling near the trendline resistance if the price shows rejection.
- Risk Management:
- Stop Loss: Placed above the trendline resistance to minimize risk.
- Take Profit: Target lower support levels where buyers may step in.
Market Sentiment:
If the trendline resistance remains intact, sellers may dominate the market, leading to a potential downward move. However, a breakout above the resistance could shift sentiment toward a bullish scenario.
USOILHello friends
Due to the price falling in the identified support area, buyers were able to support the price, but given the weakness of the trend we are witnessing, it seems that sellers have more power...
Now, for the price to rise, the identified resistance must be broken, and for the price to fall, if the support is broken, the price will continue to fall.
*Trade safely with us*
AUD/CHF: Consolidation Within a Defined RangeThe AUD/CHF pair continues to oscillate within a range between 0.56550 and 0.55000, recently reaching the upper boundary. Following a rebound from the support level, the price has developed an ABC move, which often precedes a pullback.
Currently, the market has approached the upper boundary of the channel and trendline, a level where price has previously faced rejection twice. Given the ongoing consolidation, there is a possibility of another rejection at resistance, potentially leading to a downward move while the sideways trend persists. The next key target is the support zone around 0.55835
Oil bullish Trend soon read in captionThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, with a clear bullish trend. Here’s the detailed breakdown:
1. Bullish Momentum: The price is moving upwards within a channel, with the current price testing the upper boundary around 68.50. This level is identified as the next target, suggesting that the price may continue upward if it maintains the bullish momentum.
2. FVG (Fair Value Gap): Multiple FVG zones are marked on the chart, indicating areas where there is an imbalance in market orders. These gaps represent potential support and resistance levels:
- The first FVG zone is marked near 67.50, which can act as support if the price retraces.
- The second FVG zone near 68.04 could act as a potential gap to be filled if the price dips and closes a candle below this level.
3. Target 68.50: The next major target is set at 68.50, just below the upper resistance level. If the price breaks this resistance, it could continue moving upward. Traders should look for confirmation of bullish continuation once the price reaches this level.
WELCOME 3000 GOLD WILL GOLD MARK NEW ATH AGAIN!🔥 Attention Traders! 🔥
XAUUSD is heating up! Here's the latest analysis:
🔻 Bearish Setup: Watch for a potential decline if the price breaks below 2979-3003. Key targets: 2960 & 2945.
🔺 Bullish Setup: A breakout above 2911 could signal buying opportunities! Keep an eye on these targets: 3015 & 3030.
📉 Risk Management: Always protect your capital by setting stop-losses and adjusting position sizes based on your risk tolerance. Trading with discipline is key to success!
📊 Stay Engaged: Share your thoughts and strategies as we navigate through this volatile market. Let’s aim for new highs while managing risk effectively! 💵🚀
EURAUD: Pullback From Support 🇪🇺 🇦🇺
There is a high chance to see a pullback from the underlined support on EURAUD.
As a confirmation, I see a bullish breakout of a resistance line of a falling
wedge pattern on an hourly.
The price may touch at least 1.71575
❤️Please, support my work with like, thank you!❤️
Hellena | BITCOIN (4H): LONG to resistance level of 90,000.Colleagues, after drawing the waves I realized that bitcoin is in a major wave “IV” correction and I believe that this correction is either over or about to be over.
Either way I believe that long positions should be prioritized.
I expect that the price will either immediately start an upward movement and reach the psychological resistance level of 90,000, or will update the low in the area of 75,866 a little more and then start moving towards the target.
In the second case, I advise using pending limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EURCHF is starting to turn upLooks like a trend reversal at last.
1. Strong pinbars from the levels below 0.92 that rob the stops.
2. A broken trend line, higher lows, higher highs
3. it is currently at a very important level,we are watching how it will react and whether it will be overcome.
4. We are now long on a larger time frame.
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.4359
1st Support: 1.4165
1st Resistance: 1.4486
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.