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Market Analysis: USD/CAD Consolidates GainsMarket Analysis: USD/CAD Consolidates Gains USD/CAD declined and now consolidates below the 1.3750 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.3775 resistance. - There is a key bullish trend line forming with support at 1.3715 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3775 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3774 and recently declined below the 1.3750 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.3735. The pair is now consolidating losses below the 50% Fib retracement level of the downward move from the 1.3774 swing high to the 1.3695 low. But the bulls are active near the 1.3700 level. If there is a fresh increase, the pair could face resistance near the 1.3735 level. The next key resistance on the USD/CAD chart is near the 1.3755 level or the 61.8% Fib retracement level. If there is an upside break above 1.3755, the pair could rise toward 1.3775. The next major resistance is near the 1.3800 zone, above which it could rise steadily toward 1.3880. Immediate support is near the 1.3715 level and a key bullish trend line. The first major support is near 1.3675. A close below the 1.3675 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3650. Any more losses may possibly open the doors for a drop toward the 1.3620 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: GBP/USD Dips FurtherMarket Analysis: GBP/USD Dips Further GBP/USD started a downside correction from the 1.3620 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound started a fresh decline and settled below the 1.3500 zone. - There is a connecting bullish trend line forming with support at 1.3415 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair struggled above the 1.3600 zone. The British Pound started a fresh decline below the 1.3550 pivot level against the US Dollar, as discussed in the previous analysis. The pair dipped below the 1.3500 and 1.3450 levels. A low was formed at 1.3364 and the pair is now consolidating losses. On the upside, it is facing resistance near the 1.3475 level. The next key resistance is near 1.3490 and the 50% Fib retracement level of the downward move from the 1.3619 swing high to the 1.3364 low. An upside break above the 1.3490 zone could send the pair toward 1.3520 and the 61.8% Fib retracement level. More gains might open the doors for a test of 1.3620. If there is another decline, the pair could find support near the 1.3415 level and a connecting bullish trend line. The first major support sits near the 1.3365 zone. The next major support is 1.3350. If there is a break below 1.3350, the pair could extend the decline. The next key support is near the 1.3320 level. Any more losses might call for a test of 1.3250. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GOLD SELLGold price remains confined in a multi-week-old range as bulls seem reluctant Gold price attracts some safe-haven flows amid persistent trade-related uncertainties. Mixed Fed rate cut cues keep the USD depressed and further benefit the XAU/USD pair. The range-bound price action warrants some caution before placing fresh bullish bets. In the Forex market, Gold functions as a currency. The particularity of Gold is that it is traded against the United States Dollar (USD), with the internationally accepted code for gold being XAU. Known as a safe-haven asset, Gold is expected to appreciate in periods of market volatility and economic uncertainty. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. The United States is the country that holds the biggest resources of Gold in the world. 1 SUPPORT 3,323 2 SUPPORT 3,323 3 SUPPORT 3,295 1 RESISTANCE 3,370 2 RESISTANCE 3,393
OANDA:XAUUSDShort
by Mark804
1
Gold breaks trendline and returns to uptrend. BUY NOW!✏️ OANDA:XAUUSD A deep sweep to 3310 and bounce back to the trading range. Gold is reacting at the Trendline around the price zone of 3344. This is an important price zone that if broken will return to the uptrend and head towards 3373 soon. 3332 plays an important role in the current bullish wave structure, which is a suitable SL placement point for BUY signals. 📉 Key Levels Support: 3332-3312 Resistance: 3344-3357-3373-3389 BUY trigger: Break and trading above Resistance 3344 (trendline, top uptrend wave 1) BUY DCA trigger: Break Resistance 3353 Target 3373 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDLong
by VHT_Trader
13
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold has broken above its descending trendline and completed a successful pullback to the breakout level. Now, the price appears ready to resume its upward move, but it's still facing resistance near the $3375 level. We expect another attempt to break through the $3375 resistance zone. A confirmed breakout above this area would open the path toward higher targets and potentially trigger strong bullish momentum. As long as price holds above the broken trendline and key support zone, the overall bias remains bullish. Don’t forget to like and share your thoughts in the comments! ❤️
FOREXCOM:XAUUSDLong
by HAMED_AZ
32
AUDUSD SELLAUD/USD dives to three-week lows near 0.6560 after weak Australian employment data The Australian Dollar is one of the weakest performers of the G8 currencies on Thursday, hammered by a disappointing Australian Employment report and the overall risk-averse market, which is boosting demand for safe-haven assets, such as the US Dollar The battle between the Australian Dollar (AUD) and the US Dollar (USD) will be one worth watching in 2025, with central banks stealing the limelight. The Reserve Bank of Australia (RBA) has kept interest rates at record highs whilst most of its overseas counterparts started the loosening process. The US Federal Reserve (Fed), on the other hand, has trimmed the benchmark interest rate by 100 bps through 2024 and aims to slow the pace of cuts in 2025. The central banks’ imbalance aims for record lows in AUD/USD TP 1 0.650 TP 2 0.649 TP 3 0.648 RESISTANCE 0.653
Short
by Mark804
USDCAD SELLUSD/CAD retakes 1.3700, eyes multi-week top amid a broadly firmer USD The USD/CAD pair attracts some dip-buying during the Asian session on Thursday and climbs further beyond the 1.3700 mark amid a broadly firmer US Dollar. Spot prices have now reversed the previous day's retracement slide from a three-week high and seem poised to appreciate further The year will be politically marked by Trump’s return to the White House. A Republican government is seen as positive for financial markets, but Trump’s pledge to cut taxes and impose tariffs on foreign goods and services may introduce uncertainty to both the political and economic landscape. Canada’s political crisis peaked in late 2024 with a no-confidence vote against Prime Minister Justin Trudeau, leading to snap elections and a weakened Liberal minority government. Policy uncertainty and economic challenges dominate 2025’s outlook, raising concerns over market stability and investor confidence. The BoC is set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which could apply pressure on CAD’s already-rising rate differentia TP 1 1.37214 TP 2 1.37095 TP 3 1.36987 RESISTANCE 1.37413
Short
by Mark804
GBPUSD BUYGBP/USD rises to near 1.3450 due to improved market sentiment, UoM Consumer Sentiment eyed GBP/USD gains ground after registering small losses in the previous session, trading around 1.3440 during the Asian hours on Friday. The pair appreciates as the US Dollar edges lower due to dovish remarks from the Federal Reserve officials. The Relative Strength Index (RSI) indicator on the 4-hour chart stays below 40, reflecting bearish conditions for GBP/USD. The Fibonacci 61.8% retracement level of the latest uptrend seems to have formed a pivot level at 1.3400. In case GBP/USD fails to stabilize above 1.3400, technical sellers could remain interested. In this scenario, 1.3300 (Fibonacci 78.6% retracement) and 1.3275 (100-day Simple Moving Average) could be seen as next support levels. On the upside, resistance levels could be spotted at 1.3470 (Fibonacci 50% retracement), 1.3500 (static level, round level) and 1.3540 (Fibonacci 38.2% retracement). TP 1 1.34403 TP 2 1.34859 TP 3 1.35407 RESISTANCE 1.33627
Short
by Mark804
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! ❤️
Short
by HAMED_AZ
39
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.
Long
by VasilyTrader
6
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
Short
by Mark804
2
Gold Price Analysis July 17XAUUSD Analysis Today The price has cleared the liquidity to the 3377 zone, then returned to trading within the triangle. The market is currently waiting for new momentum to determine the next trend. ✅ BUY Scenario If the 3322-3323 zone continues to hold and there is a bearish rejection signal and confirmation of buying power, gold is expected to continue its uptrend towards the 3373 - 3400 zone. ❌ SELL Scenario If the price breaks the 3321 support with clear selling pressure, it can extend the decline to 3285. 🔑 Key Level Today Support: 3321 - 3323 Resistance: 3373 - 3400 💡 Strategy: Watch the price reaction at the important support zone to decide the next action.
OANDA:XAUUSD
by TVS-Trader
3
The only key levels you need - DITCH THE INDICATORS- Previous day high/Low - Weekly high/low - Session high/low - Closing Price In this specific example on OANDA:AUDUSD we have a day 3 Tuesday breakout fail reversal setup on the backside of a previous weeks expansion. Fridays closing price was plotted going into Monday day 2 on the backside of a new week. Once the initial high low was set on day 2 below the previous weeks high and closing price we than look for short opportunities going into day 3 Tuesday. In this case day 2 Ny session high acted as the reversal point staying below Friday closing price below the high of the previous week. The Asia/London session printed a beautiful high/low range reversing at near the midpoint of the previous days range (50% retrace.) A great opportunity for a projected range expansion presented with confluence at a previous days low giving a solid set and forget trade with little to no stress or heat. This parabolic opportunity took place in the NY session below Fridays closing price to a previous weeks LOD level. - Mondays High (Stop) - NY session High, Fridays Close (Entry) - Wed Low, Range expansion (Target) KEY NOTES: It is very important to keep your trading simple. As a newer trader I filled my chart with as many indicators as possible trying to find a "signal" because I lacked the patience for the market to give me a setup over multiple days. Now as a more experienced trader I sit back on higher time frames (1H/15M) TO WAIT FOR THE DAILY LEVELS TO PRINT. Avoiding trading inside a range on a low time frame. Lower time frames are only to decrease risk and increase position accuracy already derived from higher time frames. It is key to understand when higher time frame traders are triggered into a market and to understand there are only two main plays from key levels. Keep it simple, find the scalable setups, AND PUT THE SIZE ON WITH CONFIDENCE.
Education
by GiancarloZacc
GOLD BUYGold defends 50-day SMA ahead of US PPI inflation data Gold price attempts a tepid bounce early Wednesday as focus shifts to trade updates and US PPI data. The US Dollar retreats alongside Treasury bond yields even as risk-off flows persist. Gold price needs to crack the 50-day SMA support at $3,323; daily RSI reclaims midline. As observed on the daily chart, Gold price is stuck between two key barriers, with the 21-day Simple Moving Average (SMA) support-turned-resistance at $3,335 checking the upside. On the other hand, the 50-day SMA at $3,323 cushions the downside. The 14-day Relative Strength Index (RSI) is sitting just above the midline, currently near 50.50, suggesting that buyers could retain control. Acceptance above the 21-day SMA is critical to sustaining the renewed upside, above which the 23.6% Fibonacci Retracement (Fibo) level of the April record rally at $3377 will be put to the test once again. Further north, the $3,400 round level will challenge bearish commitments. In contrast, rejection at the 21-day SMA could attack the 50-day SMA support. Sellers must find a strong foothold below the 50-day SMA on daily closing basis. The next healthy support levels are located at the 38.2% Fibo level of the same rally at $3,297 and the July low of $3,283. TP 1 3,349 TP 2 3,371 TP 3 3,390 RESISTANCE 3,317
OANDA:XAUUSDShort
by Mark804
Market Analysis: USD/JPY RisesMarket Analysis: USD/JPY Rises USD/JPY is rising and might gain pace above the 149.20 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 147.50 and 148.40 levels. - There is a key bullish trend line forming with support at 148.40 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from the 145.75 zone. The US Dollar gained bullish momentum above 146.55 against the Japanese Yen. It even cleared the 50-hour simple moving average and 148.00. The pair climbed above 149.00 and traded as high as 149.18. The pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 145.74 swing low to the 149.18 high. The current price action above the 148.50 level is positive. There is also a key bullish trend line forming with support at 148.40. Immediate resistance on the USD/JPY chart is near 149.20. The first major resistance is near 149.50. If there is a close above the 149.50 level and the RSI moves above 70, the pair could rise toward 150.50. The next major resistance is near 152.00, above which the pair could test 155.00 in the coming days. On the downside, the first major support is 148.40 and the trend line. The next major support is visible near the 147.90 level. If there is a close below 147.90, the pair could decline steadily. In the stated case, the pair might drop toward the 147.50 support zone and the 50% Fib retracement level of the upward move from the 145.74 swing low to the 149.18 high. The next stop for the bears may perhaps be near the 146.55 region. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Gold is coming to our target✏️ OANDA:XAUUSD As analyzed on Monday, the market touched the BUY zone at 3345 and continued the bullish wave structure, heading toward the 3400 level. If gold breaks above 3373, it will likely continue its strong upward momentum. Therefore, it is advised to avoid trading against the trend once the 3373 level is broken. On the other hand, if gold breaks below the key support level at 3343 (yesterday's U.S. session barrier), the current uptrend may temporarily pause. In that case, gold will need to find new momentum to establish a fresh market trend. 📉 Key Levels SUPPORT: 3343 - 3330 - 3313 RESISTANCE: 3373-3387-3400 Hold BUY order 3345 with target 3400 SELL trigger: Rejection of prices 3373, 3387 with confirmation from sellers SELL 3400 Strong resistance zone Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSD
by VHT_Trader
1
Remains Below 1.3700 Ahead of CPI Data from the US and CADUSD/CAD Remains Below 1.3700 Ahead of CPI Data from the US and Canada USD/CAD continues to decline ahead of inflation data from both the US and Canada. The US inflation rate is expected to rise to 2.7% year-over-year in June, up from 2.4% recorded in May. Meanwhile, Canada’s CPI is forecasted to increase by 1.9% year-over-year in June, up from 1.7% in May. USD/CAD is trading around 1.3690 during the European session on Tuesday, following two days of gains. The pair is declining as the US dollar (USD) continues to weaken ahead of the June CPI data from the US. The inflation figures will provide new insights into the Federal Reserve's (Fed) monetary outlook. 📉 Market Outlook for USD/CAD – Possible Drop on CPI Release The USDCAD is still in a downtrend, and a sharp drop could occur with today’s CPI data release. Currently, there are two Buy Side Liquidity zones above and Sell Side Liquidity below, with the price balanced around the VPOC zone, which will soon decide the direction after the CPI announcement today. Market liquidity still holds a FVG below, and with CPI data expected to favor USD, this could trigger a sharp drop towards this liquidity zone, possibly nearing CP OBS at 1.3600, followed by a potential rebound. If price breaks CP zone, it may head toward a strong OB zone near 1.35xxx. Therefore, caution is advised when monitoring these OB zones. 🎯 Trading Strategy for Today 🟢 BUY ZONE: 1.36000 SL: 1.35500 TP: 1.36500 → 1.37000 → 1.37500 → ???? 💬 What are your thoughts on USD/CAD ahead of the CPI data release? Do you expect a strong bounce or a continued decline? Share your views and join the conversation below! 👉 Follow for more updates and insights, and join the community to discuss real-time market moves!
Short
by MMFlowTrading
2
XAUUSD Gold price moves closer to three-week peak amid modest USD downtick Gold price regains positive traction amid a modest USD pullback from a multi-week high. Persistent trade-related uncertainties also lend support to the safe-haven precious metal. Reduced Fed rate cut bets might cap the commodity ahead of the critical US CPI repo Fundamental Overview Amid US President Donald Trump’s fresh tariff threats announced late Monday and his latest criticism of Federal Reserve Chairman Jerome Powell, Gold traders resorted to profit-taking after the bright metal hit a three-week high of $3,375 while bracing for the US inflation report for June. Trump threatened to impose 100% tariffs on Russia if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days, per Bloomberg. Meanwhile, the US President renewed his attacks on Powell, noting that “interest rates should be at 1% or lower, rather than the 4.25% to 4.50% range the Fed has kept the key rate at so far this year.” Markets now price in 50 basis points of Fed interest rate cuts by year-end, with the first reduction foreseen in September. However, it remains to be seen if these expectations hold ground following the US CPI data publication. Economists are expecting the US annual CPI and core CPI to accelerate 2.7% and 3% in June, reflecting the tariff impact feeding through prices. Meanwhile, the monthly CPI and core CPI inflation figures are set to rise to 0.3% in the same period. Hotter-than-expected US CPI monthly or annual readings could reinforce the Fed’s patient outlook, pushing back against expectations of two Fed rate cuts this year. This scenario could help the US Dollar (USD) extend its recovery at the expense of the non-yielding Gold price. Alternatively, if the data come in below forecasts, it could provide a fresh tailwind to the Gold price on renewed bets that the Fed will remain on track for two rate cuts. BAY TP TP 1 3,371 TP 2 3,391 TP 3 3,412 SELL PT TP 1 3,337 TP 2 3,311 TP 3 3,286
OANDA:XAUUSDShort
by Mark804
3