GBP/NZD Trendline Breakout (10.2.25)The GBP/NZD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2.2053
2nd Resistance – 2.2141
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**DXY 4H Analysis: Ascending Channel Support, Bullish Move AheadThis DXY 4H chart shows an ascending channel with multiple BOS (Break of Structure) and CHoCH (Change of Character) points. The price is currently near the lower trendline support, around 107.754, suggesting a potential bullish reaction.
A minor BOS has formed, and a possible retest of the 108.000 zone could act as confirmation for a bullish move. If the price holds above this support, the next upside target is around 110.062. However, a breakdown below the ascending trendline could indicate weakness, with support levels at 107.706–107.675 and a stronger demand zone lower around 106.400.
GBP/USD Supported by Peace Deal HopesThe GBP/USD traded at $1.246, holding steady with global market optimism. The pound found support from peace deal hopes between Ukraine and Russia but struggled against a stronger U.S. dollar, supported by rising Treasury yields and recent inflation data. The Federal Reserve’s cautious approach to rate cuts has kept the dollar firm, while UK economic concerns, including a potential GDP contraction, weigh on the pound. With upcoming U.S. PPI data, GBP/USD could face further pressure.
The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
Bearish reversal off overlap resistance?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance that aligns with the 127.2% Fibonacci extension and could reverse to the 1st support.
Pivot: 194.65
1st Support: 190.64
1st Resistance: 197.23
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 continuation?GBP/AUD has bounced off the pivot which is a pullback support and could rise to the 1st resistance.
Pivot: 1.9809
1st Support: 1.9723
1st Resistance: 1.9969
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?EUR/GBP is rising towards the pivot and could drop to the 1st support which is a pullback support.
Pivot: 0.83641
1st Support: 0.83171
1st Resistance: 0.84032
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.
GBPUSD, Pull-back time has arrivedGBPUSD/ 1D
Hello Traders, welcome back to another market breakdown.
GBPUSD is showing strong bullish momentum after the dollar index DXY
broke below resistance. However, the price is at the overbought zone for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry.
If the pullback holds and buy mode confirms, the next leg higher could target:
Weekly high shown in the chart
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
GBP/USD Breaks Downtrend – Bullish Reversal in Play? GBP/USD Daily Chart Analysis – February 11, 2025
Key Observations:
📌 Support Zone: The price recently bounced from a strong demand zone around 1.2050 - 1.2200, indicating a potential bullish reversal.
📌 Break of Downtrend Line: The market has broken above the descending trendline, suggesting a shift in momentum.
📌 200 EMA Resistance: The 200-day Exponential Moving Average (EMA) at 1.2691 is a crucial resistance level to watch. A break above it could confirm a stronger bullish trend.
📌 Bullish Price Action: The price has formed a higher low and is now pushing higher, showing early signs of an uptrend.
Potential Scenarios:
✅ Bullish Case: If GBP/USD holds above the breakout level and breaks past 1.2690, we could see a move toward 1.2800 - 1.3000.
❌ Bearish Case: If the price fails to hold above 1.2300, a retest of the demand zone near 1.2100 is possible.
Conclusion:
This setup favors bullish momentum 📈, but confirmation above the 200 EMA is necessary for further upside. Traders should monitor price action and key resistance levels before committing to long positions.
"Gold Price Analysis: Key Support Break Could Target 2865 and LoThe chart shows that gold (XAUUSD) is currently in a descending channel after a strong uptrend. The price is testing a major support zone around 2883, and a break below this level with bearish confirmation could lead to further downside. the bearish structure suggests more downside pressure. Keep an eye on confirmation signals before taking a position.
If gold breaks below 2883, the first short-term target would be 2865. If bearish momentum continues, the next target would be around 2845, followed by the key support at 28 72. Watch for confirmation before entering a position.
Bullish bounce for the Cable?GBP/USD is falling towards the pivot and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 1.2419
1st Support: 1.2389
1st Resistance: 1.2473
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?GBP/CAD is rising towards the pivot and could drop to the 1st support which is a pullback support.
Pivot: 1.7854
1st Support: 1.7661
1st Resistance: 1.7926
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.
Potential bullish rise?GBP/USD has reacted off the resistance level which is a pullback support and could rise from this level to our take profit.
Entry: 1.2413
Why we like it:
There is a pullback support level.
Stop loss: 1.2354
Why we like it:
There is an overlap support level.
Take profit: 1.2524
There is a pullback resistance level.
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GBPUSD Possible IdeaDue to the pair consistently breaking lows and respecting highs on the daily timeframe, it was then evident that it is over all bearish. It recently broke the latest low on the daily timeframe, where it preceded to form a rising wedge to induce liquidity on both sides withing the daily range. Price has recently broke out of the wedge to the upside to mitigate a supply area just above it. This then could be the liquidity price could use to fuel its move to the downside to take out liquidity below the wedge as well as liquidity resting beneath our most recent low.
GBPJPY Falling Wedge giving a bottom buy signalGBPJPY is on a rebound that is approaching the 4hour MA50.
Based on the 1 month Falling Wedge pattern, a rejection is expected, same as January 14th to the 1.1 Fibonacci extension.
This should technically be the bottom buy opportunity to target the 0.5 Fibonacci extension at 190.100.
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"Gold Price Rebounds from Major Support, Eyeing Key Resistance LThis chart represents a 1-hour time frame analysis of gold (XAUUSD). The price recently tested a major support zone and showed signs of rejection, indicating potential bullish momentum.
A possible target for the upside move is around the 2,926 resistance zone, with the first target at 2,904. The price structure suggests that if the support holds, buyers may push the price toward these levels. However, a failure to hold above the support zone could signal further downside.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area.
Trade safe, Joe.
Gold (XAUUSD) Holding Key Support – short term buy This gold (XAUUSD) chart on the 15-minute timeframe shows an uptrend within a rising channel. The price is currently testing a key support zone around 2,906. If this support holds and the price doesn’t break below, a potential buying opportunity could emerge, targeting the 2,914–2,926 resistance zone. However, if the support fails, a deeper pullback toward lower levels may occur. Watch for price action signals at the support zone for confirmation.
Falling towards pullback support?GBP/AUD is falling towards the pivot which has been identifed as a pullback support and could bounce to the 1st resistance.
Pivot: 1.9612
1st Support: 1.9492
1st Resistance: 1.9760
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 78.6% Fibonacci support?GBP/CAD is falling towards the pivot and could bounce to the pullback resistance/
Pivot: 1.7632
1st Support: 1.7516
1st Resistance: 1.7787
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.
Could the price reverse from here?EUR/GBP is rising towards the pivot and could reverse to the 1st support level which is a pullback support.
Pivot: 0.8356
1st Support: 0.8288
1st Resistance: 0.8389
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 off pullback resistance?GBP/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support.
Pivot: 189.58
1st Support: 183.14
1st Resistance: 194.56
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 off 50% Fibonacci resistance?EUR/GBP is rising towards the pivot and could drop to the 1st support that lines up with the 61.8% Fibonacci projection.
Pivot: 0.8374
1st Support: 0.8222
1st Resistance: 0.8464
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.
GBPUSD (2H) - Short-Term ConsolidationFX:GBPUSD
📶 Technical Analysis:
Weekly Chart:
🟡 The price has been in a bearish trend since September 2024, with current levels near a strong support zone around 1.2100.
Daily Chart:
🟢 The bearish trend is confirmed by moving averages (MAs) and the formation of lower lows and lower highs. After testing the weekly support at 1.2100, a correction has occurred.
🟢 The price has double-tested a strong resistance level around 1.2500.
4-Hour Chart:
🟡 After strong bearish momentum at the start of 2025, the market has shifted into a bullish trend, but it is now in a neutral consolidation range between 1.2500 resistance and 1.2380 support.
🟡 There was a fake break of support caused by Trump's tariff policy.
2-Hour Chart:
🟠 A clear neutral formation has emerged, with high volatility since the beginning of February.
🔤 Summary:
🔴 Break above 1.2500: Could signal the start of bullish momentum.
🟢 Break below 1.2380: Could signal a shift to bearish momentum.
🟡 Until then, the price is likely to remain in a neutral zone.
🟡 Fundamental analysis is mandatory to understand the driving factors behind this pair. Watch the market expectations and economic indicators closely.
🟡 I am watching for clear technical formations and signals in the near future, mainly oriented for a short position if a clear opportunity arises.