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Bearish drop?USD/JPY is reacting off the pivot and could drop to the 61.8% Fibonacci support. Pivot: 153.14 1st Support: 150.90 1st Resistance: 1554.97 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.
Short
by ICmarkets
Falling towards overlap support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 0.8635 1st Support: 0.8606 1st Resistance: 0.8696 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. 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.
Long
by ICmarkets
Bearish drop?The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could srop to the 1st support which acts as a pullback support. Pivot: 1.2989 1st Support: 1.2915 1st Resistance: 1.3033 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.
Short
by ICmarkets
Gold Price Analysis October 29Fundamental Analysis Gold prices gained some positive momentum and rose to the $2,757-$2,758 region during the Asian session on Tuesday, returning close to the record highs hit last week. Persistent safe-haven demand stemming from tensions in the Middle East and concerns over the US election turned out to be the main factors acting as a boost for the precious metal. Moreover, falling US Treasury yields kept US Dollar (USD) bulls on the defensive below the highest since July 30 touched on Monday, also supporting the commodity. That said, bets for a less aggressive Federal Reserve (Fed) easing policy, coupled with concerns over deficit spending after the US election, should limit the downside in US bond yields and the USD. In addition, the underlying bullish tone in the global equity markets is keeping a lid on Gold prices. Investors also seem reluctant ahead of the key US macro releases this week - including the Q3 Advance GDP print, Personal Consumption Expenditures (PCE) Price Index and Non-Farm Payrolls (NFP) report. Technical Analysis Gold has almost reached the ATH zone today. A break of 2757 will see a price of 2770 soon. With the possibility that when the European session starts, if the price fails to break the upper band, it can push further to lower zones. 2742 is the first buy zone in the sclalping zone but it will not have as much value as the session port zone around 2725. Pay attention to the price zones to have favorable trading strategies.
OANDA:XAUUSD
by TVS-Trader
1
Potential Upside for EURNZDTechnical overview: The EURNZD currency pair has recently formed a head and shoulders pattern, and the price is currently at the neckline of this pattern as well as a significant resistance zone (1.8065-1.8160). If the price successfully breaks through this area, it could reach the specified price targets. However, if the price reverses downward from this zone, the first valid support level will be 1.78360. Fundamental overview: Considering recent geopolitical tensions that have driven the market toward risk-off sentiment, along with recent statements from the RBNZ, the NZD has weakened over the past month. If tensions continue to escalate in the coming days and weeks, we can expect this currency pair to increase further. This analysis will certainly be updated after the price reacts to the resistance zone and neckline. Don’t miss the upcoming trading opportunities in this currency pair. What are your thoughts on EURNZD ? are you bullish or bearish?
Long
by habib75rajabi
5
EURUSD confirmed the bottom. Low risk buy now.The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible. That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend. As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURUSD Hits Demand Zone, Potential for an Up CorrectionEURUSD has reached a demand zone that previously spurred a rally in August. The recent fake breakout at the 1.07800 level suggests that the market may be primed for a pullback, especially as DXY is also testing a key resistance. On the 4H timeframe, a bullish divergence has formed, indicating a potential correction to the upside. If this demand zone holds and the divergence plays out, the market could retrace toward the next resistance zone around 1.09190 as it corrects from the recent overextension
Long
by RTED_Investing
Gold prices are influenced by inflation risks and political.World gold prices decreased slightly when the USD index increased. Recorded at 9:15 a.m. on October 28, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,357 points (up 0.22%). Nine analysts participated in Kitco News' gold survey. Last week's near-bullish consensus has narrowed. 5 experts expect gold prices to increase this week, while another 2 experts expect the price of this precious metal to decrease. The remaining two analysts remain neutral on gold's short-term prospects. Meanwhile, 213 votes were cast in Kitco's online poll. The majority of Main Street investors believe that gold has an upward trend. 126 traders expect gold prices to increase this week. There are 47 people who expect precious metals to decrease. The remaining 40 investors said that prices will tend to move sideways this week. 🔥 XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2740 - 2738 🔥 ✔️ TP1: 2725 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2748
OANDA:XAUUSDLong
by FalCol_TradingMaster
GBPUSD entry analysisGBPUSD Analysis After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency. The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week. Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day. Technical Analysis GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.
Long
by TVS-Trader
Potential bullish reversal?AUD/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6586 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 0.6530 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Take profit: 0.6646 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3000 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3071 Why we like it: There is a pullback resistance level. Take profit: 1.2872 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. 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.
Short
by VantageMarkets
Bullish bounce for the Fiber?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.0774 Why we like it: There is an overlap support level. Stop loss: 1.0719 Why we like it: There is a pullback support level. Take profit: 1.0837 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.
Long
by VantageMarkets
Heading into multi-swing high resistance?GBP/AUD is rising towards the pivot and could reverse to the overlap support level. Pivot: 1.9692 1st Support: 1.9559 1st Resistance: 1.9805 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.
Short
by ICmarkets
3