Bullish bounce?EUR/NOK is falling towards the pivot which has been acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 11.74385
1st Support: 11.65492
1st Resistance: 11.88554
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.
J-EUR
EURUSD 15/09/24Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged.
Based on the higher timeframe zone and current price action, I believe we could see a bullish shift after we drop into the demand area. Of course, we may not reach that point, but if we do, I'll be looking for a clear long opportunity or, if demand fails, to go short toward the major low.
Keep it simple: trade your plan and always stick to your risk management!
EURO - Price can little grow and then continue fall in channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line.
Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge.
Next, EUR corrected, after which continued to move up inside wedge and later price exited from this pattern.
After this, price entered to falling channel, where it at once rose higher than $1.1155 level, but soon broke it again.
Euro continued to decline inside falling channel until it reached support line, after which it recently bounced up.
Now, I think price can make a small movement up and then continue to decline to $1.0975 support line of channel.
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EURUSD 1h Reversion Zone Fill ExpectedReturn and fill into the reversion zone range is expected.
Reversion zone range: 1.10801 - 1.10625
Key Resistance level: 1.10921
Key Support level: 1.10167
⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
EUR/USD Rallies Amid Weakening Dollar, Approaching Key SupplyOn Thursday, the EUR/USD saw a rally as the US Dollar (Greenback) weakened, providing support to the euro's upward momentum. However, despite this rally, the pair now enters a critical phase of rejection as it approaches a key supply area, which has previously acted as resistance. This supply zone could trigger a potential pullback in the coming sessions, especially as market participants weigh technical factors against broader economic conditions.
The release of US Producer Price Index (PPI) inflation data failed to significantly impact market movement, offering little fuel for volatility. Despite the softer inflation data, the overall market remains focused on the Federal Reserve's future policy direction. Speculation over potential rate cuts continues to dominate market sentiment, with traders looking for clearer signals as the central bank navigates its next steps in light of ongoing economic conditions.
From a technical perspective, nothing has fundamentally shifted in terms of the broader outlook for EUR/USD. The euro continues to benefit from dollar weakness, but key resistance levels—such as the approaching supply area—remain intact. A pullback at this level could signal the market’s hesitation to push higher without more significant changes in either economic data or Fed policy.
As the pair nears this important technical zone, traders should remain cautious. The fundamentals underpinning the current market environment haven't changed dramatically, and until there is a clearer shift in the macroeconomic landscape or central bank policy, the euro's recent gains may face hurdles. Nevertheless, with ongoing dollar softness and a Fed-centric market focus, the EUR/USD remains a pair to watch for further developments.
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Bearish drop?EUR/CHF is reacting on the resistance level which is an overlap resistance that align with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.94293
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.94920
Why we like it:
There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension.
Take profit: 0.93437
Why we like it:
There is a pullback support level.
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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.
Heading into 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as an overlap support.
Pivot: 1.1104
1st Support: 1.1037
1st Resistance: 1.1153
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.
EURCAD Sell continuation signalThe EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550.
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Bearish drop?EUR/USD has reacted off the support level which is an overlap support and could drop from this level to our take profit.
Entry: 1.1025
Why we like it:
There is an overlap support level.
Stop loss: 1.1071
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 1.0956
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
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.
Potential bullish rise?EUR/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the overlap resistance.
Pivot: 155.90
1st Support: 153.30
1st Resistance: 159.41
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.
Overlap support ahead?EUR/AUD is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
Pivot: 1.64591
1st Support: 1.63587
1st Resistance: 1.66207
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.
EURPLN Short Trade SetupAfter conducting an analysis on EURPLN, we are excited to present our trade setup.
This opportunity boasts a favorable risk/reward ratio, although it does require patience due to a longer waiting period.
Nevertheless, swing traders may find this setup intriguing and worth considering.
EUR/PLN Bearish Momentum Building Below 200 EMA
⚫Back in April 2024, the EUR/PLN pair tested the 4.2500 support zone, where a triple bottom was established. Over the past five months, the price has consistently failed to break below this level. Simultaneously, we can identify a resistance area near 4.3750, where a double top was formed, indicating a clear trading range between 4.2500 support and 4.3750 resistance—a classic example of range trading.
⚫Looking at the broader picture, in January 2024, the 4.4100 area, previously a support level, flipped to become resistance, confirming the continuation of a long-term bearish trend. Additionally, EUR/PLN remains below the 200 Exponential Moving Average, further reinforcing the likelihood of continued downward movement.
⚫Recent price action, particularly from an Elliott Wave perspective, suggests the formation of an ABC corrective pattern, which was halted at the 4.3311 resistance level, precisely aligning with the Volume Profile. (For those unfamiliar, the Volume Profile highlights the price level where the most trading volume occurred.)
⚫Analyzing the potential Elliott Wave count, EUR/PLN appears to be progressing into the strongest downward wave—wave 3. Overall, the technical outlook remains exceptionally bearish for the long term. As a downside target and potential final support for the 5-wave decline, we can consider the double 227.2% Fibonacci support, located around the 4.1425 area.
⚫While the odds strongly favor the downtrend, it's crucial for traders to remain vigilant. In the event that the price breaks above the 4.3750 resistance, it could signal the beginning of a shift from a bearish to a bullish trend.
Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 1.50390
Why we like it:
There is an overlap resistance level.
Stop loss: 1.50851
Why we like it:
There is a pullback resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 1.49595
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.
EURUSD: Channel Down expected to bottom & give a buy opportunityEURUSD is bearish on its 4H technical outlook (RSI = 33.975, MACD = -0.002, ADX = 38.295) as the 2 week Channel Down is on a bearish wave under the 4H MA50 and just over the 4H MA200. Technically this is already LL region but the bottom might take a while to form, as August 29th - Sep 3rd did, grinding inside a Rectangle. Testing the 1D MA50 inside a new Rectangle potentially, could make an ideal technical bottom. We will target the 0.618 Fibonacci level following that (TP = 1.10850), same as the September 6th LH.
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EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10400 zone, EURUSD is trading in a down trend and currently is in a correction phase in which it is approaching the trend at 1.10400 support and resistance area.
Trade safe, Joe.
EURUSD | Long From Support ZoneFollowing a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel.
With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range or pushing above into the resistance zone and creating a higher high which would again validate the current market structure for the overall bull trend in ascending fashion.
What are your thoughts?
Buy EURNZD Bullish ChannelThe EUR/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.7975, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.8084
2nd Support – 1.8145
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bullish bounce?EUR/JPY is falling towards the pivot and could reverse to the overlap resistance.
Pivot: 155.90
1st Support: 153.30
1st Resistance: 159.41
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?EUR/NZD is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.80689
1st Support: 1.78283
1st Resistance: 1.82383
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.
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10600 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.10600 support and resistance zone.
Trade safe, Joe.
EUR/USD: BofA’s Expectations for This Week Bank of America (BofA) is in line with market expectations, predicting that the European Central Bank (ECB) will announce a 25-basis point rate cut in its decision this week.
BofA also foresees a modest downside risk for the EUR, driven by a potential dovish shift in the ECB's forward guidance.
In the EUR/USD, recent price action saw lower lows and lower highs on the four-hour chart, hinting at a possible bearish reversal and signaling the end of the bullish trend.
An important question: What might happen at the next test of the 1.1000 level? This level was a key battleground for the pair in 2023.