Harmonic Patterns
NASDAQ Futures – Institutional Levels UnfoldingNASDAQ Futures – Institutional Levels Unfolding
Price is currently consolidating just below a key supply zone at 21,960–22,330, where multiple inefficiencies and prior order flow imbalances converge. The weekly narrative suggests potential expansion if buyers can reclaim 22,330, which unlocks the path toward 22,660–22,860—a macro liquidity cluster resting above.
On the downside, liquidity voids remain exposed between 20,890–20,670 and 19,850–19,400, where algorithmic rebalancing may find efficiency if sell-side pressure reactivates.
Institutional eyes are on these high-timeframe levels as the auction seeks value. Follow for real-time insights and setups based on Smart Money and Order Flow concepts.
#NQ1 #Futures #DayTrading #SmartMoney #OrderBlocks #Liquidity #MarketStructure #ICT #Trader
Gold price is above 3320-3330, buy on dips.Gold price is above 3320-3330, buy on dips.
Fundamental analysis:
1: The US market is closed for Memorial Day, and the market is trading light.
2: Trump postponed the tariff threat to the EU, reducing the demand for safe havens, which weakened the gold price, but the escalation of the situation between Russia and Ukraine provided support for the gold price, and the weakening of the US dollar index was also good for gold.
3: Global central banks continue to buy gold, inflation expectations and the credit problems of the US dollar provide long-term support for gold.
4: The initial value of durable goods orders in the United States in April should also be paid attention to during the day.
Technical analysis:
The overall gold price fluctuates in a range. The daily chart shows that the bullish pattern has not changed, but it faces certain adjustment pressure in the short term.
The four-hour line and the hourly line are oscillating, and there is a trend of upward breakthrough.
Key points:
Pay attention to the resistance level of 3355-3365 US dollars/ounce above. If this area is broken, the price of gold may rise to 3380-3400 USD/oz;
Follow the support levels of 3320 USD/oz and 3300 USD/oz. If the short-term support level of 3310 USD/oz is lost, it may fall back to 3268-3250 USD/oz.
It is currently in a triangular consolidation and is nearing the end. Try to maintain the main long position!
Gold operation strategy:
Gold falls back to 3330-3333 to go long, falls back to 3320-3325 to go long, stop loss 3317, target 3356-3363. If it breaks through, look to 3378-3385;
XAUUSD UPDATE 2HA quick update.
The price has created support at 3337, refusing to pull below.
We can see that the market is clearly in an upward trend, if you keep selling you will blow your account for sure.
See targets in the chart.
Use support and resistence to go in and out, use a clean risk and management.
Have a nice day.
EURUSD Holds Structure Within Ascending Channel – Is 1.1400 NextOANDA:EURUSD is still trading within an ascending channel that has been well maintained since mid-May. After completing a corrective move toward the confluence area around 1.1258 – where the bottom of the ascending channel and a horizontal support zone intersect – price has bounced back with clear buying strength. The continued respect of the lower boundary suggests that the trend structure remains intact, and buyers are cautiously maintaining control of the market.
The recent low can be viewed as a potential demand zone, as price reacted quickly and formed a recovery candle pattern near the trendline. With the ascending channel still intact, the preferred scenario is a continued move toward the mid-line of the channel around the 1.1400 area – which is also the nearest technical target. Buyers appear to be regaining control, but a clear confirmation through price action remains a key factor before entering any position.
Traders should monitor for bullish confirmation signals, such as bullish engulfing, pin bar, or marubozu candles accompanied by strong volume, as these could serve as the initial confirmation for long entries. Conversely, if price breaks below this support zone and falls out of the ascending channel, the short-term outlook should be reassessed with caution.
This is a personal view based on price action and technical analysis. It is not financial advice. Always adhere to risk management in every trading decision.
Silver M15 I Bearish Drop Based on the H4 chart analysis, we can see that the price is reading near our sell entry at 33.38, a pullback resistance close to the 50% Fibonacci retracement.
Our take profit will be at 33.24, an overlap support.
The stop loss will be placed at 33.53, which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Trump Eases Tariff Pressure, Gold Awaits Fed SignalsOn May 26, U.S. President Donald Trump decided to extend the deadline for the 50% tariff on goods from the European Union until July 9. This move temporarily eased trade tensions and slightly reduced the demand for gold as a safe haven.
Gold is currently trading near a long-term descending trendline that has previously rejected three bullish attempts. After a strong recent rebound, the price is now pausing and risks retracing toward the support zone around 3,241.4 – a confluence area with both the EMA 34 and EMA 89.
If this support holds, gold may bounce back and attempt a breakout above the trendline, targeting the 3,439.5 level. However, if selling pressure continues to dominate, a deeper correction remains a real possibility.
This week, investors will closely watch the FOMC meeting minutes and the U.S. Consumer Confidence Index for May. These data releases are expected to shed light on the Federal Reserve’s outlook on inflation and interest rate policy, which could significantly impact the strength of the USD and gold prices.
GBPJPY H1 | Bearish Reversal Based on the H1 chart, the price is rising toward our sell entry level at 193.49, a pullback resistance.
Our take profit is set at 192.83, a pullback support that aligns with the 61.6% Fibo retracement.
The stop loss is set at 194.19, a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDJPY H1 I Bullish Rise Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 142.31. a swing low support.
Our take profit is set at 142.71, a pullback resistance.
The stop loss is placed at 141.65, below the 161.8% Fibo extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.1397 (Bearish OB)
Our take profit will be at 1.1342, a pullback support.
The stop loss will be placed at 1.1457, above the 161.8% Fibo extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Technical Analysis for EUR/USD (4-Hour Chart)The EUR/USD pair is currently displaying a strong bullish structure, characterized by a sequence of Higher Highs (HH) and Higher Lows (HL). Price action has been respecting the ascending trendline, which reinforces the ongoing upward momentum.
A Buy Stop order is placed at 1.14234, just above a recent resistance level, anticipating a breakout continuation. The Stop Loss (SL) is set at 1.13651, safely below the most recent higher low, providing a cushion against false breakouts.
Two Take Profit (TP) levels are marked:
TP1: 1.1482, aligning with a key resistance zone from previous structure.
TP2: 1.1540, which extends into a zone of untested highs, serving as an optimistic target in case of strong bullish momentum.
The RSI (14) currently reads 64.07, approaching the overbought threshold of 70. This suggests bullish strength, although traders should monitor for potential divergence or exhaustion signs if price nears the TP levels.
With a lot size of 0.03 and an equity of $10,000, this trade maintains a conservative risk exposure, suitable for trend continuation setups.
EUR/USD remains bullish in the short-term. A break above 1.14234 could open the door to further gains toward 1.1482 and 1.1540, provided the trendline holds and RSI doesn't show significant bearish divergence. Maintain tight risk management and monitor price reaction at key levels.
Nikkei H4 | Falling toward a multi-swing-low supportNikkei (JPN225) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 36,688.39 which is a multi-swing-low support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 35,300.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement.
Take profit is at 38,831.79 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Aussie H4 | Potential bullish bounceThe Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6464 which is a pullback support.
Stop loss is at 0.6377 which is a level that lies underneath a multi-swing-low support and the 23.6% Fibonacci retracement.
Take profit is at 0.6556 which is a resistance that aligns with the 127.2% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Ethereum H4 | Approaching a swing-low supportEthereum (ETH/USD) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 2,364.35 which is a swing-low support.
Stop loss is at 2,250.00 which is a level that lies underneath an overlap support.
Take profit is at 2,693.55 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Nasdaq-100 H1 | Swing-low support at 61.8% Fibonacci retracementNasdaq-100 (NAS100) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 20,877.40 which is a swing-low support that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 20,640.00 which is a level that lies underneath a swing-low support.
Take profit is at 21,243.05 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Gold has a strong bullish momentum, could it rise further?The price is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 3,287.49
1st Support: 3,240.33
1st Resistance: 3,413.48
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/AUD has bounced off the pivot, which acts as an overlap support and could rise to the 1st resistance, which lines up with the 61.8% Fibonacci projection.
Pivot: 2.0789
1st Support: 2.0703
1st Resistance: 2.1072
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.