2 reasons the peso rally may not be over The USD/MXN has fallen over 2.5% in the past five trading sessions, dropping below 19.9 per USD for the first time since November 2024.
Two key factors could be driving this move:
1.
Investor distrust in the U.S. dollar – Market confidence is weakening due to Trump’s inconsistent tariff threats and other unpopular policies.
In contrast, the Sheinbaum government’s kid-glove handling of Trump is securing favourable trade concessions.
2.
Attractive interest rate differential – With Banxico’s benchmark rate at 9.5%, the peso remains appealing for carry trades.
The Federal Reserve’s decision this week could widen this gap further. Last week’s subdued U.S. inflation data is helping to fuel speculation of earlier Fed rate cuts, which may continue to support the peso despite trade uncertainties.
USD (US Dollar)
Bullish continuation?XAU/USD is falling towards the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,952.19
Why we like it:
There rise a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 2,925.66
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 3,000.05
Why we like it:
There is a pullback resistance level.
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Heading into pullback resistance?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.5850
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Stop loss: 0.5913
Why we like it:
There is an overlap resistance level that is slightly above the 161.8% Fibonacci extension.
Take profit: 0.5696
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.
Bearish reversal?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 149.44
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 150.97
Why we like it:}
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 147.54
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.
XAUUSD - Pullback Before Breaking $3,000 ResistanceGold spot prices have established a strong uptrend against the US dollar, currently trading near 2,986 after recently testing the psychological 3,000 level. The price action indicates a potential pullback to the blue support zone around 2,955-2,965 before resuming its bullish trajectory. Technical analysis suggests that the ascending trendline, which has supported price action since late February, remains intact and continues to provide a solid foundation for further upside. After the anticipated correction, gold appears poised to make another attempt at breaking above the 3,000 barrier, with potential targets extending toward 3,010 and beyond as indicated by the upward-pointing arrow. Traders should watch for buying opportunities during any retracement to the highlighted support zone, as the overall trend remains bullish with higher lows forming along the ascending trendline.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD: Support and Resistance Analysis for Next Week 🇪🇺🇺🇸
Here is my latest structure analysis and important
supports and resistances for EURUSD for next week.
Consider these structures for pullback/breakout trading.
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EUR/USD - Looking for a long entry Hey,
I am looking at a long entry on the EUR/USD. We have recently seen the price break the major 1.05 to the topside once again, thanks to the tariff war which has weakened the DXY.
I am looking at entering long on the two set ups as presented on the chart. The physiological 1.075 level and the intraday 1.0683 level as support.
The price is now showing overbought on the 1D timeframe RSI & MACD, and evidently we are seeing less buying pressure at these current levels.
I will be looking for a strong confirmation at either of these levels before entering long. Preferably a wick below either level with the daily close above.
I expect this to play out before end of March.
Dollar Index (DXY): Bullish Reversal is Coming?!
Dollar Index is stuck on a key daily horizontal support.
Analyzing the intraday time frames, I spotted an inverted head & shoulders
pattern on a 4H.
Its neckline breakout will be an important event that will signify a bullish reversal.
The index will continue recovering then.
Alternatively, a bearish breakout of the underlined blue support
will push the prices lower.
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EUR/USD Trade Ideas Short or Long??? News is going to be heavy!Looking for the right signals for a long, Everything is explained on the chart. If I do not get the confluences I want I will not take the trade. If price action takes out lows I'll look for liquidity, retrace, or reversal and reaccess my trade for shorts. Major news coming out for USD this week so stay frosty!
AUDUSD: 2 year Channel Down is making a rebound.AUDUSD is neutral on its 1D technical outlook (RSI = 53.859, MACD = 0.001, ADX = 20.007) as the price is consolidating on the 1D MA50. The first 3.5 months of 2025 have been a confirmed bottom for the 2 year Channel Down. All similar bullish waves on such bottoms reached at least the 0.618 Fibonacci retracement level. The trade is therefore long, TP = 0.66350.
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EURO - Price can rise a little and then fall to support areaHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago, the price started to grow inside a rising channel, where it firstly broke $1.0365 level and then reached resistance line.
After this, Euro declined to support line of channel, making a gap, after which, in a short time, it rose to $1.0365 level.
Price some time traded near this level and then continued to grow inside a rising channel, but later it corrected.
Then Euro made strong upward impulse, thereby exiting from rising channel and soon broke $1.0765 level.
Next, price made a retest and continued to move up, so, I think Euro can make a small movement up.
Also, then I expect that Euro may start to decline to $1.0730 support area, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDJPY Channel Down to make an important decision.The USDJPY pair has been trading within a Channel Down pattern since the January 10 High. During that time it technically got rejection upon every 4H MA100 (green trend-line) contact or close contact into a new Bearish Leg.
Three out of those four Bearish Legs have been -3.16% so even if a rejection does happen at the top (Lower Highs trend-line) of the Channel Down, you can still be expecting 145.350 as a Target.
If however the 4H RSI Bullish Divergence on Higher Lows prevails and causes the price to break above the Channel Down, we will accept the small loss on the short and go long instead, targeting the 2.0 Fibonacci extension at 156.000. A lower Target in that scenario can also be Resistance 2 (154.800).
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Bearish drop?The Gold (XAU/USD) is reacting off the pivot and could drop to the 1st support which is a pullback support.
Pivot: 2,990.27
1st Support: 2,955.64
1st Resistance: 3,004.91
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 Kiwi reverse from here?The price is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 0.5722
1st Support: 0.5677
1st Resistance: 0.5750
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 drop?The Aussie (AUD/USD) is rising towards the pivot which acts as a pullback resistance that line sup with the 61.8% Fibonacci and could drop to the 1st support.
Pivot: 0.6311
1st Support: 0.6272
1st Resistance: 0.6330
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 Loonie (USD/CAD is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.4398
1st Support: 1.4353
1st Resistance: 1.4472
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?USD/JPY has bounced off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 148.14
1st Support: 147.58
1st Resistance: 149.25
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.
Heading into 61.8% Fibonacci resistance?The Swissie (USD/CHF) is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.8915
1st Support: 0.8771
1st Resistance: 0.9004
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.
GBP/USD Channel Breakout (14.03.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.2890
2nd Support – 1.2862
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Bearish drop?The Fiber (EUR/USD) has rejected off the pivot and could drop to the 1st support.
Pivot: 1.0881
1st Support: 1.0805
1st Resistance: 1.0934
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.
XAUUSD - Daily, Gold’s Next Big Move: Be Ready!XAUUSD - Daily Update 📈
With most analysts focusing on Gold’s bullish momentum, let’s step back and analyze where we are in the bigger picture and where we should secure profits before a potential correction.
Gold has been in a strong uptrend since the $2,000 zone, forming three major bullish legs as highlighted in the chart:
🔹 First leg correction: ~$150 drop
🔹 Second leg correction: ~$250 drop
🔹 Third correction may be deeper, so caution is needed in the target zone.
Key Levels to Watch:
📌 Potential Target Zone: $3,050 - $3,150
✔️ Measured Move: Previous legs suggest an extension into this zone.
✔️ Liquidity Grab: Gold tends to hunt liquidity over round numbers—just as it did at $2,000 → $2,060, it may break $3,050 before reversing.
✔️ Ascending Channel: The price is approaching the top of the channel, where market makers may trigger a fake breakout before a significant pullback.
🚨 Trading Strategy:
Swing traders: Secure profits near $3,050 - $3,150.
Daily traders: Use pullbacks as short-term profit opportunities.
💸 If you missed this rally, stay ahead for reversal signs & upcoming moves! Follow for more insights! 🚀