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Harmonic Patterns

Bullish momentum to extend?GBP/CHF has bounced off the pivot, which is a pullback support and could bounce to the 1st resistance. Pivot: 1.1076 1st Support: 1.0987 1st Resistance: 1.1252 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.
Long
by ICmarkets
Bullish bounce?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance, which has been identified as an overlap resistance. Pivot: 0.8377 1st Support: 0.8326 1st Resistance: 0.8461 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.
Long
by ICmarkets
Bullish bounce off pullback support?EUR/AUD has bounced off the pivot, which is a pullback support, and could rise to the 1st resistance, which acts as a pullback resistance. Pivot: 1.75099 1st Support: 1.73653 1st Resistance: 1.77533 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.
Long
by ICmarkets
Bearish drop off overlap resistance?AUD/JPY is rising towards the pivot, which acts as an overlap resistance and could reverse to the 1st support which is also an overlap support. Pivot: 93.36 1st Support: 91.10 1st Resistance: 94.07 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Falling towards 61.8% Fibonacci support?AUD/NZD is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.0750 1st Support: 1.07095 1st Resistance: 1.08521 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.
Long
by ICmarkets
Gold strategy today, I hope it will be helpful to you Currently, there are multiple factors prompting gold prices to decline, presenting shorting opportunities. **First**, the rapid rise in gold prices earlier was mainly driven by market risk aversion. For example, the instability of U.S. trade policies made investors worry about market risks and flock to buy gold. However, such risk aversion is uncertain—once related risk events ease, safe-haven funds may quickly withdraw from the gold market. For instance, when Trump agreed to extend the EU tariff negotiation deadline to July 9, U.S. stock index futures surged immediately, market risk appetite rebounded, capital flowed from gold to equities, gold’s safe-haven demand weakened, and price upward momentum diminished. **Second**, although the U.S. dollar index has recently fallen, after failing to hold the 99.00 threshold, its room for further sharp decline is limited. If the dollar index subsequently undergoes a technical rebound, gold prices denominated in dollars will face pressure. This is because the dollar and gold typically exhibit an inverse relationship: a stronger dollar makes gold more expensive for holders of other currencies, reducing willingness to buy and making prices prone to decline. **Additionally**, from a market psychology perspective, after continuous gold price gains, many investors who bought at lower levels earlier have reaped substantial profits and have a strong willingness to take profits. Once signs of stagnant growth appear in prices, these profit-taking sell-offs will intensify downward pressure on gold. Gold strategy today, I hope it will be helpful to you XAUUSD SELL@3355~3360 SL:3365 TP:3330~3320
FOREXCOM:XAUUSDShort
by AndyHopkins
Bearish reversal?NZD/JPY is rising towards the pivot and could reverse to the 1st support. Pivot: 86.38 1st Support: 84.37 1st Resistance: 87.07 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Munters – Reversal Signal in the Main Channel📈 Current Status The stock is currently trading at 129.0 SEK. After pulling back to the lower boundary of the long-term upward channel, the price is showing signs of recovery. It has recently rejected resistance around 139–140 SEK and is seeking momentum to break through. 🔍 Technical Indicators and Structures 🟢 Upward Channel The long-term upward channel, marked by orange lines, remains intact. The price has bounced from the lower band, indicating a potential reversal. 🟠 EMA Levels The EMA 20/50/100/200 lines are currently above the price, which still suggests a downtrend. However, the price is testing these levels; a breakout could signal a trend reversal and present a favorable accumulation zone. 🟣 MACD The MACD indicator has formed a bullish crossover, and the histogram has turned green → This points to increasing upward momentum. 🧭 Key Levels Level Description 92.75 SEK Long-term channel support 113 – 124 SEK Strong support zone 139.8 SEK Main resistance level (recent average cost zone and area of price suppression) 152 SEK Medium-term resistance (upper boundary of the channel and expected EMA resistance zone) 175.9 SEK Target level (potential harmonic pattern completion and alignment of all EMAs) ✅ Commentary & Strategy The price has rebounded from the support area but is struggling around 139 SEK. It appears to be forming a base near 129 SEK for a potential upward move. On the daily chart, short-term EMAs are turning into support here for the first time. If the price breaks above this zone, 152 SEK and then 175 SEK are potential targets. If rejected, it could pull back to the 113–124 SEK support zone again.
OMXSTO:MTRSLong
by EmreSrn
Gold (XAU/USD) Technical Analysis – Short-Term OutlookCurrent Price Range: 3340 – 3350 USD Trend Bias: Strong Bullish Time Frame Focus: Intraday to Short-Term (H1/H4) --- Price Structure & Trend Gold is currently consolidating within a narrow range of 3340 to 3350, forming a bullish continuation pattern (likely a flag or a pennant). The current consolidation is occurring after a strong bullish impulse, which signals a potential for trend continuation to the upside. This behavior is consistent with accumulation before breakout, often seen in trending markets. The presence of higher highs and higher lows on the H1 and H4 charts supports the bullish bias. --- Key Levels Zone Level Significance Support 3335 Pullback zone / Potential entry area Minor Support 3320 Stop loss zone / Break of structure risk Resistance 1 3365 Initial profit target / minor resistance Resistance 2 3375 Midway resistance / partial exit level Major Resistance 3380–3400 Final target zone / Strong supply area --- Entry & Setup Entry Zone: 3335–3355 (ideal is a retest of 3335 with confirmation candle) Entry Type: Long (Buy) on support retest + bullish candle confirmation (pin bar, engulfing, etc.) Stop Loss: Below 3320 (tight risk, below structure support) Take Profits: TP1: 3365 TP2: 3375 TP3: 3400 (final target) Risk:Reward Ratio (Approximate): From entry at 3335: R:R = 1:2.5 to 1:3.5 depending on target From entry at 3350: R:R = 1:1.5 to 1:2.5 --- Technical Indicators RSI: Likely in the 55–65 zone on H1/H4, indicating strength but not yet overbought. MACD: Histogram positive, signal line above zero, supporting bullish momentum. Volume: Look for rising volume on bullish candles and low volume on pullbacks. --- Chart Patterns & Observations Bullish Flag / Pennant: Suggests a continuation of the prior bullish move. No bearish divergence observed (if indicators used). Trendline support: Can draw ascending trendline connecting recent swing lows. --- Conclusion & Strategy Gold remains in a bullish phase with clear consolidation before potential breakout. Best opportunity is a buy on dip, ideally on a clean retest of 3335–3340 support zone with proper confirmation. If gold breaks above 3355–3360 with momentum, aggressive traders may consider a breakout entry with reduced risk and tighter stops below 3340. Avoid entries below 3320 as this would invalidate the bullish structure and may indicate a shift in trend.
OANDA:XAUUSDLong
by FX_Mark0
NZDUSD 3MONTHS CHARTNZD/USD Interest Rate Differential, 10-Year Bond Yields, and Carry Trade Analysis (May 25–30, 2025) Current 10-Year Bond Yields New Zealand 10-Year Bond Yield: 4.70% (as of May 21, 2025) . US 10-Year Treasury Yield: 4.54% (as of May 22, 2025) . Interest Rate Differential (IRD) The yield spread between New Zealand and US 10-year bonds is:4.70%(NZD)−4.54%(USD)=+0.16% the 4.70% (NZD)−4.54% (USD)=+0.16% This modest differential slightly favors the New Zealand dollar, creating a limited carry trade opportunity. Carry Trade Advantage Investors can borrow USD at lower US rates and invest in higher-yielding NZD assets, earning the 0.16% yield spread. The strategy is supported by New Zealand’s elevated bond yields despite recent Reserve Bank of New Zealand (RBNZ) rate cuts. However, the narrow spread reduces potential returns compared to higher-yielding currency pairs. Key Events and Risks (May 25–30, 2025) RBNZ Monetary Policy Meeting (May 27–28): Markets expect a 25 basis point rate cut to 3.50% , which could pressure NZD yields lower and narrow the IRD. Further easing signals may weaken NZD, offsetting carry trade gains. US Economic Data and Fed Policy: US inflation data and Fed Chair Powell’s speeches could influence USD strength. Traders currently price in five Fed rate cuts by year-end , which may limit USD upside. China Trade Dynamics: New Zealand’s trade ties with China (its largest partner) make NZD sensitive to US-China trade tensions. Progress in tariff negotiations could support NZD . Summary Table Metric New Zealand (NZD) United States (USD) 10-Year Bond Yield 4.70% 4.54% Interest Rate Differential +0.16% (NZD over USD) — Carry Trade Appeal Modest, but narrowing — Conclusion The 0.16% yield advantage for NZD over USD provides a limited carry trade opportunity. However, the upcoming RBNZ rate cut (May 27–28) and potential Fed easing could narrow the spread further. NZD/USD remains vulnerable to: RBNZ policy: Further rate cuts may reduce NZD’s yield appeal. US-China trade developments: Escalating tensions could pressure NZD due to its reliance on Chinese trade. While the carry trade offers marginal gains, traders should prioritize risk management amid volatility from central bank decisions and geopolitical risks.
by Shavyfxhub
EUR/USD Approaches Major Supply Zone – Reversal Imminent?EUR/USD is testing a key supply zone near 1.1380 – 1.1443 – a historical level where price has previously reversed sharply. With price stalling at this resistance, traders should prepare for potential downside opportunities if rejection confirms. Key Levels: Resistance/Supply Zone: 1.1380 – 1.1443 First Target Zone: 1.0902 Major Demand/Buy Zone: 1.0290 (highlighted in orange with visible volume support) Bearish Confluence: Repeated rejection at this price range in the past Clean demand imbalances below (price may rebalance) Psychological resistance around 1.1400 Potential bearish divergence forming on RSI/H4 MACD (not shown) Trade Idea: Looking to short near the top of the supply zone with stops above 1.1450. Targeting 1.0902 first, and deeper drop to 1.0290 if momentum confirms. Invalidation: Strong breakout above 1.1450 with volume and bullish continuation. Questions for the Community: Do you see this as a double-top formation? Are you bullish or bearish on EUR/USD going into June? #EURUSD #ForexAnalysis #SmartMoney #SupplyAndDemand #PriceAction #LuxAlgo #SwingTrade #ReversalSetup #TradingView #FXStrategy
by FrankFx14
NAS100 at Critical Supply Zone – Is a Major Reversal Brewing?The NAS100 (US100) just tapped a key supply zone around 21,250, showing strong signs of overhead resistance. This is the same area that previously triggered sharp rejections – and we’re back there again. What I'm watching: Price Action is currently reacting to a visible supply zone (highlighted in blue). If the market fails to break above 21,250, I expect a potential rejection leading to: First support zone: 17,064 Second deeper target: 12,588 (strong demand zone highlighted in orange). Bearish Outlook Triggers: Daily close below 20,900 Increased sell volume at resistance Failure to form higher highs Bullish Invalidator: Clean breakout and retest above 21,250 with momentum My Plan: Watching for short signals near resistance with tight SL above 21,400. TP zones set around 17k and 12.5k if weakness confirms. Technical Confluence: Previous highs acting as resistance Supply & demand zones (LuxAlgo VR) Bearish divergence forming on RSI (not shown here but visible on lower TFs) What do you think? Will NAS100 break out or is a deep correction coming? #US100 #NASDAQ #Indices #PriceAction #SupplyAndDemand #LuxAlgo #TradingStrategy #ReversalSetup #SmartMoney #BearishBias
PEPPERSTONE:NAS100Short
by FrankFx14
1
GBPJPY BULLISH OR BEARISH DETAILED ANALYSISGBPJPY has successfully broken out of a long-term descending trendline on the 3D timeframe, which had capped price action for months. The breakout is now confirmed with multiple candle closes above the trendline and a retest holding firm around 190.500. This shift in structure signals a major bullish reversal, and I’m now targeting the 199.600 level as the next potential upside objective. From a fundamental perspective, the British pound is strengthening amid persistent inflationary pressures in the UK, which are keeping the Bank of England firmly in the hawkish camp. With CPI still elevated and wage growth remaining sticky, the BoE has little room to cut rates aggressively anytime soon. In contrast, the Bank of Japan continues to hold a dovish tone with ultra-accommodative monetary policy, offering a wide interest rate differential that favors GBP longs, especially in carry trade setups. Technically, this setup offers a clean risk-reward profile. The breakout above the descending structure combined with a strong support zone around 190.500 gives this move a solid foundation. We’re seeing momentum build with higher highs and higher lows forming across multiple timeframes. As long as GBPJPY holds above the 190.000 zone, the bullish bias remains valid and the path toward 199.600 looks open and sustainable. Traders should keep a close eye on short-term pullbacks as potential re-entry zones. With a macro tailwind behind GBP strength and continued JPY weakness, this pair is primed for further upside. I’m riding this bullish wave with a medium-term outlook and adjusting my position based on intraday market behavior.
Long
by AndrewsMarket-Mastery
1
XAUUSD - Key Supply Zone Rejection! Massive Sell-Off Incoming?Gold is back at a major supply zone between $3,340 – $3,400, where we’ve seen repeated rejection. The price is currently reacting to this area with visible weakness, forming a potential double top setup. Here’s what I’m watching: Strong supply zone (highlighted in blue) has acted as a ceiling since early May. Price is failing to break above $3,400 — a key psychological level. If price breaks below $3,200, we could see a swift move to $3,067, then possibly $2,717. Volume profile shows heavy resistance above and low volume voids below, indicating a vacuum for bearish momentum. Why This Setup Matters: Bearish confirmation below $3,200 opens the floodgates. Two clear downside targets marked with red arrows. FOMC, CPI, and other U.S. economic news ahead — perfect catalyst for volatility! My Plan: Watching for a 4H close below $3,200 for short confirmation. Tight risk management above $3,340 supply zone. TP1: $3,067 TP2: $2,717 Are you bearish or bullish on Gold right now? Drop your thoughts below and let’s talk strategy! #XAUUSD #Gold #Forex #SupplyAndDemand #PriceAction #TechnicalAnalysis #FrankFx #SmartMoney #LiquidityGrab #GoldForecast #BearishSetup
OANDA:XAUUSDShort
by FrankFx14
1
Microsoft - This might be the ultimate breakout!Microsoft - NASDAQ:MSFT - will break the all time high: (click chart above to see the in depth analysis👆🏻) If you wonder why Microsoft has been rallying +15% this month, market structure will give you an answer. In fact, the recent bullish break and retest was totally expected, and if we take into account the recent quite strong bullish behaviour, an all time high breakout will follow soon. Levels to watch: $450 Keep your long term vision! Philip (BasicTrading)
NASDAQ:MSFTLong
by basictradingtv
3
Xrp - New all time highs will come next!Xrp - CRYPTO:XRPUSD - is preparing for new all time highs: (click chart above to see the in depth analysis👆🏻) Xrp has clearly been trading sideways for the past 8 years. Meanwhile, market structure is respected perfectly and it seems to be just a matter of time until Xrp will create new all time highs. With the recent bullish break and retest, this scenario becomes even more likely. Levels to watch: $3.0 Keep your long term vision! Philip (BasicTrading)
CRYPTO:XRPUSDLong
by basictradingtv
7
Bullish continuation?S&P500 has bounced off the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 5,784.04 Why we like it: There is a pullback support level that lines up with the 23.6% Fibonacci retracement. Stop loss: 5,689.40 Why we lik eit: There is a pullback support level that is slightly above the 38.2% Fibonacci retracement. Take profit: 6,003.35 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SP500Long
by VantageMarkets
Bearish reversal?EUR/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 163.18 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 163.18 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 161.61 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets