USDNOK - US Dollar / Norwegian Krone (Daily chart, OANDA)USDNOK - United States Dollar / Norwegian Krone (Daily chart, OANDA) - Short Position; Short-term research idea.
Risk assessment: Medium {support structure integrity risk}
Risk/Reward ratio ~ 2
Current Market Price (CMP) ~ 10.31500
Entry limit ~ 10.30000 on May 06, 2025
Target limit ~ 10.50000 (+1.94%)
Stop order limit ~ 10.18000 (-1.17%)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observations
= important updates
(parentheses) = information
~ tilde/approximation = variable value
-hyphen = fixed value
USD (US Dollar)
USDJPY TRADE PLAN – MAY 21 BIG BREAKOUT AHEAD?USDJPY TRADE PLAN – MAY 21 | FED HAWKISH BUT YEN STAYS WEAK – BIG BREAKOUT AHEAD?
USDJPY is entering a critical technical zone as the market weighs the Fed’s persistent hawkish stance against Japan’s passive approach to the Yen’s depreciation. After a strong rally, we are seeing a potential exhaustion with key levels in play.
🌍 MACRO CONTEXT:
FED remains hawkish: Officials continue to support higher-for-longer interest rates to tame inflation → USD remains firm.
Bank of Japan silence: No signs of FX intervention or rate policy shift, causing ongoing weakness in JPY.
Risk sentiment neutral: Risk-off flows are muted; USDJPY remains trapped in a wide range – awaiting macro catalysts.
📊 TECHNICAL OUTLOOK (H2 CHART):
Price is now correcting within a falling channel.
Price broke below the MA200 and rising trendline, now retesting a key support zone at 143.77.
The current range 141.99 – 144.71 is critical – a breakout from either end may dictate the next medium-term direction.
🎯 TRADE SETUPS FOR TODAY:
✅ SCENARIO A – SELL THE RALLY (PRIMARY BIAS):
If price rejects 144.71:
SELL ZONE: 144.70 – 144.71
SL: 145.10
TP: 143.77 → 143.30 → 142.50 → 141.99
→ Key resistance area – price may trigger strong seller interest.
✅ SCENARIO B – SELL ON BREAKDOWN:
If price breaks 143.77 and retests:
SELL ZONE: 143.60 – 143.70 (post-breakdown entry)
SL: 144.10
TP: 142.50 → 142.00 → 141.99
✅ SCENARIO C – SHORT-TERM BUY (LESS FAVORABLE):
If price reacts positively at 141.99 with bullish confirmation:
BUY ZONE: 141.90 – 141.99
SL: 141.50
TP: 142.50 → 143.00 → 143.77
→ Only take this setup if strong reversal signals appear.
🔑 KEY LEVELS TO WATCH:
Resistance: 144.71 – 145.00 – 148.44
Support: 143.77 – 143.30 – 141.99 – 141.20
📌 FINAL THOUGHTS:
USDJPY remains in a volatile consolidation zone, pressured by a hawkish Fed but lacking JPY strength. Watch for PMI data and Fed comments this week for directional cues. Until then, respect the current range and trade with discipline.
📣 Bias favors SELL from 144.71 unless buyers reclaim full control – trade the reaction, not the prediction!
NZD/USD TRADING PLAN – MAY 21 | RETEST OR CONTINUATION?NZD/USD TRADING PLAN – MAY 21 | RETEST OR CONTINUATION? 🔍
After several steady bullish sessions, NZD/USD is pulling back slightly from the 0.5961 resistance zone. The pair remains within a well-defined ascending channel on the H1 chart and is approaching a key support area around 0.5910 — a zone that could trigger a technical bounce and continuation of the current bullish trend.
🌍 MACRO CONTEXT:
The US Dollar Index (DXY) is showing signs of weakness following disappointing CPI and PPI data. This opens up room for commodity currencies like NZD to recover further.
Meanwhile, New Zealand's domestic consumption data has exceeded expectations, and the RBNZ continues to maintain a stable policy outlook — a medium-term bullish sign for NZD.
Market sentiment is leaning cautiously against the USD, especially as the Fed holds its “no cut but no hike” stance — boosting interest in alternative currencies.
📊 TECHNICAL OUTLOOK (H1):
NZD/USD is trading within an ascending price channel.
EMA 13 is above EMA 34 and EMA 200 — a positive short-term trend signal.
Two important zones to watch today are 0.5910 (key support) and 0.5961 (key resistance).
🎯 TRADE SETUPS FOR TODAY:
✅ SCENARIO A – BUY THE RETEST:
If price tests the 0.5910 zone and shows strong reaction:
BUY ZONE: 0.5910 – 0.5915
SL: 0.5890
TP: 0.5960 → 0.5980 → 0.6000 → 0.6006
→ This zone aligns with ascending channel support + prior FVG → strong rebound probability.
✅ SCENARIO B – BREAKOUT & CONTINUATION:
If price breaks and holds above 0.5961:
BUY SCALP: 0.5965 – 0.5970
SL: 0.5950
TP: 0.5980 → 0.6000 → 0.6006
❌ SCENARIO C – BEARISH BREAKDOWN:
If price fails to hold above 0.5910 and closes H1 candle below it:
SELL SCALP: 0.5900 – 0.5895
SL: 0.5915
TP: 0.5870 → 0.5850 → 0.5820
📌 FINAL THOUGHTS:
NZD/USD is at a critical decision point — this could be a retest before continuation to 0.6000 or the beginning of a deeper drop.
Watch the 0.5910 level closely to determine market direction.
⚠️ Risk management is key — high volatility expected as U.S. PMI data is set for release during today’s NY session.
🧠 Be patient. Let price come to your zone. React, don’t predict.
Bearish drop?The Swissie (USD/CHF) has broken out of the support level which has been identified as a pullback support and could drop to the 61.8% Fibonacci support.
Pivot: 0.8311
1st Support: 0.8199
1st Resistance: 0.8391
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 pullback resistance?The Aussie (AUD/USD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 0.6433
1st Support: 0.6391
1st Resistance: 0.6458
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?The Fiber (EUR/USD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.1236
1st Support: 1.1147
1st Resistance: 1.1422
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.
NZDUSD to find sellers at market price?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot resistance is at 0.5925.
A move through 0.5875 will confirm the bearish momentum.
The measured move target is 0.5750.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 0.5925 (stop at 0.5975)
Our profit targets will be 0.5805 and 0.5750
Resistance: 0.5925 / 0.5950 / 0.5975
Support: 0.5850 / 0.5800 / 0.5750
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: 4H Death Cross to push Channel Down much lower.EURUSD has turned neutral on its 1D technical outlook (RSI = 54.499, MACD = 0.002, ADX = 31.600) as the price approaches the top of the 1 month Channel Down. A rejection and LH is expected soon that will initiate the new bearish wave. The last one was -4.45%, so that gives a TP = 1.0900, which falls right on the S1 level and the HL trendline from the February 3rd low. Keep in mind also that the market formed the first 4H Death Cross since February 10th.
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Bullish momentum to extend?XAU/USD has broken out of the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 3,271.60
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 3,244.65
Why we like it:
There is a pullback support level.
Take profit: 3,350.94
Why we like it:
There is an overlap resistance level that aligns with the 71% Fibonacci retracement.
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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?USD/CHF is falling towards the support level which is an overlap support that aligns with the 71% Fibonacci retracement and the 100% Fibonacci projection and could bounce from this level to our take profit.
Entry: 0.8275
Why we like it:
There is an iverlap support level that lines up with the 71% Fibonacci retracement and the 100% Fibonacci projection.
Stop loss: 0.8233
Why we like it:
There is a pullback support level.
Take profit: 0.8362
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.
USDJPY - Long Done, Soon Short!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈As per our last USDJPY analysis, it rejected the orange support zone and has been trading higher.
What's next? As USDJPY approaches the upper blue trendline, we will be looking for shorts.
🏹 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 supply zone.
📚 As per my trading style:
As #USDJPY retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Meanwhile, USDJPY would remain bullish medium-term and a bullish continuation towards the red circle is expected.
📚 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.
USD/MXN Eyes Breakdown Toward Key Support LevelsThe USD/MXN daily chart is displaying signs of continued weakness:
Downtrend Intact: The pair trades firmly below its 50-day and 200-day moving averages, reinforcing bearish control.
MACD Bearish: Momentum remains to the downside with the MACD line below zero and the signal line.
Key Support Zones: Price is approaching horizontal support at 19.07; a break could expose 18.58 as the next downside target.
Resistance to Watch: Former support near 19.49 now acts as initial resistance.
RSI Holding Lower: The RSI is drifting below 40, showing bearish momentum without reaching oversold territory.
If the pair closes below 19.07, it may accelerate the bearish trend toward the 18.58 handle.
-MW
GBPUSD needs a catalyst. Could UK inflation be that?For now, FX_IDC:GBPUSD is struggling to overcome a key resistance barrier, at around 1.3440. Could the UK inflation numbers help move the pair?
Let's dig in...
MARKETSCOM:GBPUSD
Let us know what you think in the comments below.
Thank you.
77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
USDCHF Will the Downtrend Break or Bounce? Full Trade Plan TodayUSDCHF – Will the Downtrend Break or Bounce? | Full Trade Plan Today 🔥
🌍 Macro Overview
USDCHF remains in a short-term bearish correction, reflecting current macroeconomic uncertainties surrounding US interest rate expectations and safe-haven demand for CHF.
USD is under pressure after softer-than-expected CPI and PPI data last week, increasing speculation that the Fed may cut rates in Q3.
CHF continues to benefit from its safe-haven status amid ongoing geopolitical uncertainty and fragile European growth.
However, the key support around 0.8318 has acted as a major demand zone. If bulls react strongly here, we could see a technical rebound in the short term.
📉 Technical Analysis (H1–H2)
USDCHF is trading within a descending channel, showing lower highs and lower lows.
Price is now testing the lower boundary of the channel around 0.8318, which also aligns with a key liquidity area.
EMAs (13 and 34) still slope downward, but momentum is slowing — a possible signal that sellers are losing strength.
🔑 Key Levels to Watch
🔺 Resistance Zones:
0.8395 → Recent swing high & supply zone
0.8459 → Medium-term structural resistance
🔻 Support Zones:
0.8318 → Major confluence zone (channel bottom + demand block)
0.8230 → Final support level before deeper drop
🎯 Trade Setups
✅ Scenario A – Bullish Reversal from Support (Preferred):
Entry (Buy): 0.8318 – 0.8322 (after bullish rejection confirmation)
Stop Loss: 0.8288
Take Profits: 0.8395 → 0.8430 → 0.8459
✅ Scenario B – Bearish Breakdown Below Support:
Entry (Sell): 0.8300 – 0.8310 (only if price closes below 0.8310 on H2)
Stop Loss: 0.8340
Take Profits: 0.8260 → 0.8230 → 0.8200
⚠️ What to Watch Today:
Market may see higher volatility during the US session, especially with housing data (Existing Home Sales) and Fed speakers lined up.
Watch for clean price action around 0.8318 — no need to rush entries until confirmation appears.
This is a reactive market, not a predictive one. Let price speak first.
📌 Follow for real-time market updates and actionable strategies during US trading hours.
GBP/USD Retracement or Reversal? Stay Sharp as Momentum FadesGBP/USD Trading Plan – May 20th | Retracement or Reversal? Stay Sharp as Momentum Fades
🌐 Macro Overview
GBP/USD is currently influenced by several macroeconomic forces:
USD strength is returning, supported by stable US data (Retail Sales, Jobless Claims), leading the market to delay expectations of a Fed rate cut.
The British Pound is under pressure as the Bank of England (BoE) is not expected to raise rates further amid slowing domestic growth and easing inflation.
Simultaneously, US-China trade tensions and US debt concerns are keeping market sentiment cautious. The pair is forming a bullish flag structure, but signs of exhaustion are emerging.
📉 Technical Analysis (2H Chart)
GBP/USD is moving within a rising channel. However:
1.3433 remains a strong resistance, aligning with a local top — breakout potential is limited in the short term.
A rising wedge pattern is forming — watch for a potential trap followed by a sharp sell-off.
EMA13 and EMA34 are diverging, signaling distribution and potential reversal ahead.
🔑 Key Levels to Watch
Major Resistance:
🔺 1.3433 – recent swing high and potential double top
🔺 1.3355 – mid-range resistance and EMA34 convergence (H2)
Key Support:
🔻 1.3303 – key FIBO + trendline intersection
🔻 1.3251 – medium-term bullish structure support
🔻 1.3174 – previous swing low and strategic BUY ZONE
🎯 Trading Scenarios
📍 Scenario A – False Break and Rejection from Resistance
Entry (SELL): 1.3430 – 1.3433 (after bearish confirmation)
Stop Loss: 1.3460
Take Profits: 1.3355 → 1.3303 → 1.3250
📍 Scenario B – Breakdown and Failed Retest
Entry (SELL): 1.3303 – 1.3310 (after support break and retest)
Stop Loss: 1.3340
Take Profits: 1.3251 → 1.3174
📍 Scenario C – Deep Buy from Strong Support
Entry (BUY): 1.3170 – 1.3174
Stop Loss: 1.3140
Take Profits: 1.3251 → 1.3300
⚠️ Key Reminders:
Stay cautious ahead of key US releases this week (PMI, FOMC Minutes), which may trigger high volatility.
Avoid FOMO and respect SL/TP discipline — especially near potential trap zones.
📌 Follow for intraday updates and real-time trade setups as the structure evolves. Flexibility is key in this market.
We are watching USDCAD today and on ThursdayCanadian CPIs and PPIs are coming out on Tuesday and Thursday respectively.
Let's dig into the numbers.
FX_IDC:USDCAD
MARKETSCOM:USDCAD
Let us know what you think in the comments below.
Thank you.
77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
Bullish momentum to extend?WTI Oil (XTI/USD) has bounced off the pivot and could rise to the 1st resistance, which lines up with the 61.8% Fibonacci projection.
Pivot: 60.08
1st Support: 57.68
1st Resistance: 64.63
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 for the Gold?The price is rising towards the pivot, which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 3,263.27
1st Support: 3,124.31
1st Resistance: 3,346.25
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 price bounce from here?The Swissie (USD/CHF) has bounced off the pivot and could rise to the 1st, pullback resistance.
Pivot: 0.8324
1st Support: 0.8280
1st Resistance: 0.8397
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 Kiwi (NZD/USD) has rejected off the pivot that lines up with the 127.2% Fibonacci extension and could drop to the pullback support.
Pivot: 0.5933
1st Support: 0.5893
1st Resistance: 0.5968
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 50% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot, which acts as pullback support and could bounce to the 1st resistance.
Pivot: 0.6426
1st Support: 0.6398
1st Resistance: 0.6468
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.
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Bullish bounce for the Cable?The price is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.3323
1st Support: 1.3275
1st Resistance: 1.3402
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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.