Bullish bounce?USD/ZAR is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 18.71637
1st Support: 18.44436
1st Resistance: 19.26038
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.
USD (US Dollar)
How low Can the Dollar Go? And What It Could Mean for EUR/USDThe US dollar index has handed back all of its Q4 gains with traders betting that Trump's trade war will do more damage than good to the US economy. I update my levels on the US dollar index and EUR/USD charts then wrap up market exposure to USD index futures.
Bullish continuation?XAU/USD is falling towards the support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 3,156.20
Why we like it:
There is a pullback support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 3,083.60
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 3,242.52
Why we like it:
There is a pullback resistance 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.
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1141
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.0949
Why we like it:
There is a pullback support level.
Take profit: 1.1425
Why we like it:
There is a pullback resistance.
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.
USDJPY Is Nearing An Important Resistance Under a Strong JPYHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 144.100 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 144.100 resistance area.
Trade safe, Joe.
USD/JPY(20250414)Today's AnalysisMarket news:
Fed Collins: It is currently expected that the Fed will need to keep interest rates unchanged for a longer period of time. If necessary, the Fed is "absolutely" ready to help stabilize the market; Kashkari: No serious chaos has been seen yet, and the Fed should intervene cautiously only in truly urgent situations; Musallem: The Fed should be wary of continued inflation driven by tariffs.
Technical analysis:
Today's buying and selling boundaries:
143.41
Support and resistance levels:
146.00
145.03
144.40
142.41
141.79
140.82
Trading strategy:
If the price breaks through 144.40, consider buying, the first target price is 145.03
If the price breaks through 143.41, consider selling, the first target price is 142.41
NZDUSD - Bearish Control Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NZDUSD has been hovering within a big range between $0.55 support and $0.59 resistance.
Currently, NZDUSD is retesting the upper bound of the wedge marked in blue.
Moreover, the $0.59 is a strong daily resistance zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and green resistance.
📚 As per my trading style:
As #NZDUSD is hovering around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
How far could the USD fall?.. WATCH THE DOLLAR INDEXThe dollar is declining as US uncertainty continues and cash moves out of the US. I personally think the dollar will bounce, but how far could it fall in the meantime...
Price is testing the previous monthly horizontal resistance as support and the monthly 100 SMA. The dollar may find a bottom here. From 98 to 100 on TVC:DXY
Price may reach the monthly bullish channel support. There will likely be technical buyers in this area. From 95 to 96 on TICKMILL:DXY
Good luck!
EURUSD Good sell opportunity on this short-term rejectionThe EURUSD pair got an initial rejection near its 2-month Higher Highs trend-line with the 4H RSI an a Bearish Divergence (Lower Highs) since April 03.
The last pull-back was -2.31% and made double contact with the 4H MA50 (blue trend-line) before rebounding. In fact all Higher Highs rejections hit at least he 4H MA50 before rebounding.
As a result, we see a strong short-term sell opportunity now, which even though could technically reach 1.12150 (-2.30% drop), it is advised to take profit once contact with the 4H MA50 is made.
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UPDATE I was wrong with USD/ZAR - Now it's undecidedWith trading it's not about certainties but probabilities.
And in this case I was soo optimistic about the rand breaking its Inverse Cup and Handle and heading to R16.50.
But instead the USD/ZAR rallied to R19.74.
Apart from the negativity kicking in with the US, there is one thing I didn't really consider. And that is the US Dollar is going to hurt - no doubt.
But the rand and emerging economies will more likely hurt even worse. Because despite it all we still follow the big boys (DOw, SP500, UK100)
Hence when the US sneezes, the world catches a cold.
But then we have other reasons for the rand weakening
1. 🗳️ Political Uncertainty in SA
Coalition tensions and governance concerns are making investors nervous, pushing money out of SA.
2. 📉 Lower SARB Interest Rates
South Africa cut rates again, making the rand less attractive to yield-seeking investors.
3. 🌍 Global Risk-Off Mode
Traders are fleeing emerging markets amid global tensions—hurting the rand, boosting the dollar.
4. 💼 Weak SA Economic Outlook
Low growth, high unemployment, and power issues reduce confidence in South Africa’s economy.
5. 🇺🇸 Stronger Dollar Demand
U.S. dollar gaining strength globally due to safe-haven demand and higher relative rates
So, yes - We are seeing some rand strength now and we are back to R18.88.
We will need to wait for the next formation before we make any deductions on where it is likely to go.
It could break up with the Falling Flag and run up to R20.00.
Or it could stabilise and form an Inverse Cup and Handle again and drop to R17.50.
We need to wait and see. I can't always post my winners - or else I wouldn't be an actual trader.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade Analysis for Week 16 (14Apr25 onwards)Hello fellow traders , my regular and new friends!
Over here I will be sharing my analysis for this week.
Mainly On:
EURUSD
EURAUD
EURNZD
BTC
USDSGD
Moving forward I will separate both the Trade review and Coming week trade analysis for easy viewing!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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EURUSD Day Trade Idea Hi today I am looking at the EURUSD, and can see some potential day trade sell possibly happening soon or now. I have drawn the sell liquidity zone using the red box to show the sell pressure candles back from the current candle. Thank you please support me by following me.
#eurusd #eur #usd #sell #daytrade #day #trade #forex
@ilyaskhan.1994
Bearish reversal off overlap resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that lines up with the 71% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 32.71
Why we like it:
There is an overlap resistance level that lines up with the 71% Fibonacci retracement.
Stop loss: 33.59
Why we like it:
There is a pullback resistance level.
Take profit: 31.47
Why we like it:
There is a pullback support level that lines up with the 23.6% 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.
Heading into Fibonacci confluence?XAU/USD is rising towards the resistance level that lines up with the 61.8% and 100% Fibonacci projection and the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 3,298.73
Why we like it:
There is a resistance level that lines up with the 61.8% and 100% Fibonacci projection and the 161.8% Fibonacci extension.
Stop loss: 3,168.09
Why we like it:
There is a pullback support level.
Take profit: 3,60.00
Why we like it:
There is a 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.
Bullish momentum to extend?The Bitcoin (BTC/USD) has bounced off the pivot and could potentially rise to the 1st resistance which is an overlap resistance.
Pivot: 79,541.85
1st Support: 72,724.17
1st Resistance: 94,187.24
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?The Silver (XAG/USD) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 32.82
1st Support: 30.90
1st Resistance: 34.56
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the Loonie bounce from here?The price is currently at the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 1.3876
1st Support: 1.3602
1st Resistance: 1.4147
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 61.8% Fibonacci resistance?WTI Oil (XTI/USD) is rising towards the pivot which has been identified as a pullback resistance and could reveres to the 1st support which is a pullback support.
Pivot: 65.90
1st Support: 54.96
1st Resistance: 71.31
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?USD/JPY is reacting off the pivot and could drop to the 1st support.
Pivot: 143.93
1st Support: 139.48
1st Resistance: 147.12
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.
ECB decision shadowed by tariff risk Markets will be closely watching the European Central Bank’s (ECB) interest rate decision on April 17, with expectations for a seventh consecutive rate cut.
Despite this expectation, the euro surged to a three-year high against the US dollar last week, as traders continued to pull away from US assets.
The dollar index has dropped 4% since President Trump’s “Liberation Day” tariff announcements on April 2, falling below the key 100 level too.
At this stage, market participants will be looking for any signals on how the ECB might respond to the potential spillover effects of President Trump’s tariff measures. While some guidance may emerge around already-announced policies, the risk of further unpredictability remains high.
Trump being Trump, it is perhaps unlikely we have seen the last of his volatility-inducing tariff announcements. This can weigh further on the dollar, eroding confidence in the world’s reserve currency.
EURUSD: Detailed Support & Resistance Analysis 🇪🇺🇺🇸
Here is my latest support and resistance analysis for
EURUSD for the week ahead.
Resistance 1: 1.1456 - 1.1552 area
Resistance 2: 1.1640 - 1.1700 area
Resistance 3: 1.1860 - 1.1915 area
Support 1: 1.1150 - 1.1280 area
Support 2: 1.0730 - 1.0900 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.