Bearish reversal?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns wit the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 158.31
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 158.77
Why we like it:
There is a resistance level at the 100% Fibonacci projection.
Take profit: 157.66
Why we like it:
There is a pullback support level.
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Forexsignals
Gold confirm analysis till NFP read the caption For December, the NFP report is expected to show that the US economy created 160,000 new positions, another solid figure. At the same time, the Unemployment Rate is foreseen to remain steady at 4.2%. If that’s the case, financial markets will likely welcome the headlines that would allow the Federal Reserve’s (Fed) recently adopted tighter path when the meet on January 28-29
GBPJPY Sell/Short SignalWhat I have been marking up for GBPJPY it appears to have pumped a few pips prior to stopping at its main shoulder of resistance. I have been watching key levels for take profits potential here of the levels 192.020, 188.006, and 183.762 for day trades and swing trades. Rejection levels of 199.853 and 198.881 has proven that we are facing a lower high trend rejection for a continuous downtrend for the next few months it potentially has here. I suggest to use proper risk management when entering the trade and to have your stop losses set at 30-50 pips depending where you entered in. You may close when you feel is best to do so on your own. Please message me if you have any questions about this trade! Thanks!
XAUUSD H1 Move Read The Caption This is a 1-hour candlestick chart of XAU/USD (Gold Spot against the US Dollar), showing technical analysis:
1. Uptrend Channel: The yellow channel indicates an upward price trend. The price consistently bounced between the upper and lower boundaries of this channel.
2. Breakout and Support: The price has broken out of the channel, forming a new area of support near 2,675. This level is marked by a blue horizontal line.
3. Target Zone: A potential bearish scenario is highlighted, where the price could drop to the "Target Zone" near 2,650. This area is represented by a horizontal blue line at the bottom.
4. Predicted Price Movement: The white zigzag lines depict possible price movements:
A short-term rally testing the upper resistance near 2,680-2,690.
A subsequent downward movement back to the support or the target zone at 2,650.
5. Analysis Context:
Traders are monitoring the resistance level for rejection or a further breakout.
A break below the blue support line could lead to further selling pressure toward the 2,650 target zone.
This chart likely reflects a near-term bearish bias following the break from the ascending channel.
XAU/USD : And Another Bullish Move Ahead! (READ THE CAPTION)Gold prices have followed an interesting trajectory over the past 24 hours, aligning perfectly with our earlier expectations. After a strong rally, gold hit the critical target of $2656, reaching as high as $2664 before entering the marked supply zone. As anticipated, the supply zone acted as a resistance, triggering a sharp decline to $2642. This movement provided an excellent trading opportunity for those who closely monitored the levels outlined in our previous analysis.
Current Market Context
At the moment, gold is trading around $2650, navigating within a crucial range. The price action suggests that gold is testing the resilience of buyers and sellers. If it stabilizes above $2644, we could see further bullish momentum, with the potential to hit the following targets:
• $2655 – A minor resistance level, which could set the tone for stronger upward momentum.
• $2661 – The next key level, signaling continued bullish strength.
• $2666 – A level of psychological resistance, marking a significant test for buyers.
• $2673 – The ultimate target for this leg of the rally, contingent on sustained demand and favorable conditions.
Fundamental Factors Driving Gold Prices
Gold's current trajectory has been influenced by a mix of technical setups and fundamental drivers:
• U.S. Economic Data: Robust job market data released earlier this week highlights the resilience of the U.S. economy. Job openings rose to 8.09 million in November, reflecting strong economic activity. However, this has bolstered the U.S. dollar and treasury yields, creating headwinds for gold as a non-yielding asset.
• Federal Reserve Policy Outlook: Expectations for further rate cuts by the Federal Reserve have diminished, as recent comments from Fed officials suggest a cautious approach to monetary easing. Fed Governor Lisa Cook emphasized that the Fed may slow down rate cuts due to persistent inflation.
• Central Bank Gold Demand: On the bullish side, the People’s Bank of China (PBOC) increased its gold reserves for the second consecutive month, a move that reflects sustained demand for the metal from the world’s largest consumer. Central bank purchases, particularly in the context of geopolitical uncertainties, have continued to support gold prices globally.
Technical Insights
From a technical standpoint:
• Support Levels: If gold fails to hold above $2644, we could see a deeper retracement toward $2633 and possibly $2625. These levels represent the nearest support zones where buyers may re-enter the market.
• Resistance Levels: On the upside, the supply zone between $2664 and $2673 will be a critical area to watch. A break and sustained close above $2673 could signal the start of a new bullish trend.
• Market Sentiment: Despite recent volatility, sentiment remains cautiously optimistic, with traders closely watching global economic data and U.S. Federal Reserve updates for further direction.
Looking Ahead
Key events later this week, including U.S. jobs data and the ADP employment report, will likely have a significant impact on gold's short-term direction. Traders should also keep an eye on movements in the U.S. dollar index (DXY) and treasury yields, as these remain inversely correlated with gold prices.
Action Plan: For now, the focus remains on how gold reacts around $2644. If the metal stabilizes above this level, traders can look for opportunities to target $2655, $2661, and beyond. Conversely, a breakdown below $2644 could lead to short-term selling pressure, offering opportunities for a potential retracement trade.
Stay tuned for further updates and detailed analysis! Let’s capitalize on these market moves!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
NZD/USD Poised for a Breakout ?The NZD/USD pair shows signs of potential bullish momentum following a bounce from a key support level near 0.55900. Price is currently challenging the 0.56028 resistance, with further upside likely if this level is broken and sustained. The downward sloping moving average indicates a prevailing bearish trend, so this move could be a short-term retracement or a possible trend reversal depending on market strength.
Key Insights
Entry Area: Around 0.55940 – 0.56028
Stop-Loss: 0.55103 to manage downside risk
First Target: 0.56156
Second Target: 0.56370
Final Target: 0.56781
Watch for a confirmed breakout above 0.56028 for a continuation toward higher levels. A failure to hold above 0.55900 could trigger further downside movement. Market volatility and U.S. dollar news should be closely monitored for momentum shifts. This setup offers a solid risk-to-reward ratio, balancing caution and opportunity in the current market structure.
#AUDNZD 1DAYAUDNZD (1D Timeframe) Analysis
Market Structure:
A bearish engulfing candlestick pattern has formed, indicating strong selling pressure at the current price level. This pattern suggests that the bulls have lost control, and the bears are likely to dominate in the near term.
Forecast:
A sell opportunity is expected as the price shows signs of reversal following the bearish engulfing pattern, signaling potential downside movement.
Key Levels to Watch:
Entry Zone: After confirmation of the bearish engulfing pattern.
Risk Management:
Stop Loss: Placed above the high of the engulfing candle to limit risk.
Take Profit: Target the next support levels for potential downside targets.
Market Sentiment:
The bearish engulfing pattern signals a shift in market sentiment, with selling pressure expected to continue as long as the price stays below the recent high.
#USDJPY 2HUSDJPY (2H Timeframe) Analysis
Market Structure:
The price is currently testing a key resistance level, which has previously acted as a barrier to upward movement. Signs of rejection at this level indicate potential selling pressure.
Forecast:
A sell opportunity is anticipated if the price continues to face rejection from the resistance zone, signaling a possible move downward.
Key Levels to Watch:
Entry Zone: Near the resistance level after confirmation of rejection.
Risk Management:
Stop Loss: Placed above the resistance zone or recent swing high to minimize risk.
Take Profit: Target the nearest support levels for potential downside movement.
Market Sentiment:
Selling pressure is expected to dominate as long as the price remains below the resistance level, maintaining a bearish outlook.
#XAGUSD 2HXAGUSD (2H Timeframe) Analysis
Market Structure:
The price has broken above a key resistance level, which is now acting as support. This change in role indicates potential bullish momentum, with buyers likely to dominate if the level holds.
Forecast:
A buy opportunity is expected as the price respects the new support level, confirming the breakout and signaling further upward movement.
Key Levels to Watch:
Entry Zone: Near the support level after confirmation that the price is holding above it.
Risk Management:
Stop Loss: Placed below the support level to limit downside risk.
Take Profit: Target the next resistance levels or Fibonacci extensions for potential upside movement.
Market Sentiment:
The transition of resistance into support reflects strengthening buying interest, favoring upward continuation as long as the support holds.
GBPJPY Signal : 1H / 4H Beautiful buy !!!GBPJPY ( 1H / 4H )
Market price : 194.00
Buy now : 194.00
Tp1 : 194.70
Tp2 : 195.40
Tp3: 197.00
Tp4 : 198.10
Sl : 193.30 ( 70 pip )
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️
Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
In the GBPUSD chart, it is observed that after breaking the support zone, the price is currently in a correction phase and pulling back towards the broken zone.
Considering the price structure and the descending trendline, it is expected that after reaching the identified resistance area, the price will resume its downward movement and target lower levels.
Don’t forget to like and share your thoughts in the comments! ❤️
Hellena | GOLD (4H): SHORT to the support area (2540).Colleagues, the previous forecast has gone stale and I decided to take a fresh look.
Waves are redrawn, but the target remains the same - the support area 2540.100. This is the minimum of wave “W” of the senior order.
In addition, before starting the upward movement the bulls need to gain strength. This means that the combined correction is still in progress.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
This currency pair has broken its long-term ascending trendline and is currently trading below a key resistance zone.
It is expected that after a pullback to the broken level, the price will drop at least to the identified target level.
Don’t forget to like and share your thoughts in the comments! ❤️
World gold prices may go up even more.Gold held steady after a strong rally in the previous session amid President-elect Donald Trump’s insistence that US interest rates need to be cut further and China’s second consecutive month of gold purchases.
Gold’s rally eased slightly after the Institute for Supply Management (ISM) released a report showing rising prices in the service sector. Accordingly, the ISM service sector price index rose sharply from 58.2 points last month to 64.4 points in December.
Inflation in the US has recently been forecast to increase again, making the US Federal Reserve (Fed) more cautious with the ongoing interest rate cut cycle.
The stronger USD has put pressure on gold. The DXY index jumped from 108.15 points at the same time of the previous session to 109.24 points.
The Fed's final policyWorld gold prices increased in the context of the USD falling. Recorded at 10:00 on January 9, the US Dollar Index measuring the fluctuations of the greenback with 6 major currencies was at 108.830 points.
World gold prices increased sharply, reaching the highest level in nearly 4 weeks when the US labor market slowed down. This happened after the report of lower-than-expected private sector growth in December, according to payroll processing company ADP.
ADP reported on Wednesday that only 122,000 jobs were created last month, lower than expected when the previous consensus forecast expected an increase of 139,000 jobs.
“The labor economy slowed to a more modest pace of growth in the final month of 2024, with both hiring and wage growth slowing. The health care sector stood out in the second half of the year, adding more jobs than any other sector,” said Nela Richardson, chief economist at ADP.
GBPAUD: Classic Breakout Trading 🇬🇧🇦🇺
GBPAUD looks bearish after a retest of a recently broken daily/intraday horizontal support.
As a confirmation, I see a bearish breakout of a local horizontal range that was formed on a broken structure.
I will expect a down movement at least to 1.981
❤️Please, support my work with like, thank you!❤️
XAUUSD H1 Analysis Is Ready (Read The Caption)This chart represents the price action of XAU/USD (Gold vs. USD) on the 1-hour timeframe. Key components of the analysis include:
1. Supply Zone: The chart highlights a supply zone near the 2,698-2,681 level, where selling pressure is expected to dominate, potentially reversing the price downwards.
2. Resistance Zone: A resistance area is marked around 2,681, indicating a level where the price has previously struggled to break above. It's expected to act as a barrier for upward momentum.
3. Support Zone: A support zone is noted near 2,653, which has historically provided a base for price rebounds, preventing further declines.
4. Price Action Expectation:
The blue arrows suggest potential movements: an upward attempt towards the supply zone and resistance.
If rejected, the price may decline toward the identified support level at 2,653.
This analysis relies on supply and demand zones, as well as key horizontal levels, to predict price movement. It reflects a possible short-term scenario for XAU/USD traders, with careful attention to breakout or reversal signals.
Falling towards pullback support?GBP/AUD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.9816
1st Support: 1.9728
1st Resistance: 1.9984
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 Fiber (EUR/USD) is rising towards the pivot which lines up with the 50% Fibonacci retracement and could drop to the 1st support which acts as a pullback support.
Pivot: 1.0362
1st Support: 1.0262
1st Resistance: 1.0424
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.