GBPUSD forming a bottom?GBPUSD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
Preferred trade is to buy on dips.
Bespoke support is located at 1.2630.
We look to Buy at 1.2630 (stop at 1.2590)
Our profit targets will be 1.2730 and 1.2760
Resistance: 1.2700 / 1.2750 / 1.2800
Support: 1.2630 / 1.2600 / 1.2570
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USD (US Dollar)
EurUsd Nov 24' .. Elections Catalyst?Hey traders, welcome back to another analysis. It's been 2 years and Eurusdmay finnally break out of the range to the downside. I know you are just as excited as I am for a potential squeeze down to 1.03.. However, we must wait for confirmation and maybe a liquidity wick before anything else. Safe trading!
Please leave any feedback below or even a boost to help the channel. Ty, cheers.
-ShrewdCatFx
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 31.00
1st Support: 30.24
1st Resistance: 32.05
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 off 61.8% Fibonacci resistance?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level.
Pivot: 2,642.32
1st Support: 2,591.17
1st Resistance: 2,708.30
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 off pullback support?The Kiwi (NZD/USD) has reacted off the pivot and could potentially rise to the 1st resistance which is a pullback resistance.
Pivot: 0.5877
1st Support: 0.5837
1st Resistance: 0.5918
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.
Heading into 38.2% Fibonacci resistance?The Aussie (AUD/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the pullback support.
Pivot: 0.6543
1st Support: 0.6448
1st Resistance: 0.6596
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 bearish drop?The Loonie (USD/CAD) has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 1.4041
1st Support: 1.3959
1st Resistance: 1.4105
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 pullback support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.8799
1st Support: 0.8716
1st Resistance: 0.8917
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 bounce?The Fiber (EUR/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 1.0578
1st Support: 1.0532
1st Resistance: 1.0637
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.
Sell USD/JPY Bearish FlagThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 154.42, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 153.18
2nd Support – 152.55
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bearish reversal?AUD/USD is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.6540
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.6598
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.6453
Why we like it:
There is a pullback support.
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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.
Falling towards 50% Fibonacci support?USD/CHF is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8773
Why we like it:
There is a pullback support that aligns with the 50% Fibonacci retracement.
Stop loss: 0.8699
Why we like it:
There is an overlap support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.8902
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.
GBPUSD: Buy signal at the bottom of the Rising Wedge.GBPUSD is bearish on its 1D technical outlook (RSI = 34.906, MACD = -0.012, ADX = 45.336) as it almost reached the HL trendline of the Rising Wedge. The technical bottom should start forming now and with the RSI hitting the oversold limit (30.000) on Friday, we can claim that there is a significant upside behind this with limited risk. The similar bottom of October 3rd 2023 targeted initially the 0.618 Fibonacci level. That is our target this time also (TP = 1.03080).
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USDCHF to find bulls at market price?USDCHF - 24h expiry
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
Offers ample risk/reward to buy at the market.
20 4hour EMA is at 0.8864.
Our outlook is bullish.
We look to Buy at 0.8864 (stop at 0.8840)
Our profit targets will be 0.8924 and 0.8934
Resistance: 0.8885 / 0.8900 / 0.8917
Support: 0.8858 / 0.8840 / 0.8810
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURUSD Bottom made. Now rally until end of year.The EURUSD pair eventually fulfilled all of our bearish signals since the September top, with the most recent one (November 11, see chart below) successfully hitting our 1.05300 Target:
We are now shifting to a long-term bullish sentiment after a long time, as the price finally reached the 1.05185 - 1.04500 Support Zone, which is holding for almost 2 years (since early January 2023).
The 1W RSI is virtually identical to the July - September 2023 Bearish Leg, on which we based all of our sell signals, as it was identified from early on that the similarities between the two were strong (1D chart).
Now that the 1.236 Fibonacci extension got hit, we expect the bullish reversal to reach at least the 0.5 Fibonacci level, as it happened on November 20 2023. As a result, our Target is currently 1.09400.
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DXY - It is time for a correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After being bullish for a couple of weeks, DXY is now hovering around the upper bound of its range.
Meanwhile, EURUSD is rejecting the lower bound of the orange falling broadening wedge.
If DXY rejects the upper bound of the range, we will be expecting EURUSD to break above its last major high in orange.
In such a scenario, a bullish correction towards the upper bound of the wedge pattern would be expected on EURUSD.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin - When will Bitcoin go to price correction?!Bitcoin is above the EMA50 and EMA200 on the daily timeframe and is trading in its ascending channel. Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly).
Capital withdrawals from Bitcoin ETFs or risk OF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
US Spot Bitcoin ETFs
• Performance Last Week:
• During the first three trading days, US spot Bitcoin ETFs experienced substantial capital inflows, starting with a $1.11 billion inflow on the first day.
• However, in the last two trading days, the ETFs faced capital outflows of $400 million and $370 million, respectively.
• Weekly Summary:
Overall, the ETFs recorded a net capital inflow of $1.67 billion for the week, marking a positive performance.
Crypto Market Liquidations
• Coinglass Data:
• Over the past 24 hours, due to market volatility, more than 101,000 traders were liquidated, resulting in a total liquidation value of $231 million.
• This significant figure highlights the impact of recent market fluctuations on crypto traders.
Credit Agricole’s Analysis of the US Dollar
• Future of the Dollar:
• Unlike the 2018 rally driven by Trump-era policies, Credit Agricole argues that 2025 will not see a repeat of the same trend.
• Reasons:
• Current economic conditions differ significantly from 2018.
• Monetary policies and the dollar’s current strength indicate that the dynamics driving the dollar’s movements have shifted.
Robert F. Kennedy Jr. on Bitcoin
• Bitcoin as the “Currency of Freedom”:
• Robert F. Kennedy Jr., former Secretary of Health under Trump, described Bitcoin as a tool for protecting the middle class from inflation and a solution to counter the devaluation of the dollar.
• He also highlighted Bitcoin’s potential role in addressing America’s crippling national debt, emphasizing its importance in the country’s economic future.
Declining Correlation Between Bitcoin and Gold
• The correlation between Bitcoin and gold has dropped to its lowest point in 11 months.
• James Stanley, Chief Market Strategist at Forex.com:
• Gold has recently reached an overbought status, and its price correction is reasonable.
• Investor Focus on Bitcoin:
As Bitcoin approaches the $100,000 threshold, gold may regain investor appeal, especially near critical support levels.