Bullish momentum to extend?XAG/USD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 30.96
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 30.48
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 31.63
Why we like it:
There is a pullback resistance level.
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USD
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.2370
Why we like it:
There is an overlap support level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 1.2298
Why we like it:
There is a pullback support level that line sup with the 61.8% Fibonacci retracement.
Take profit: 1.2501
Why we like it:
There is a pullback resistance.
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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 an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0354
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.0305
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 1.0458
Why we like it:
There is an overlap 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.
USDCAD Is Nearing The TrendHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.44200 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.44200 support and resistance area.
Trade safe, Joe.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 154.300 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 154.300 support and resistance area.
Trade safe, Joe.
AUDUSD - 4H Why we need to Buy?!The FX:AUDUSD has shown strong bullish momentum after hunting liquidity below the 2022 low on the daily and weekly timeframes.
✅ Breakout & Retest: The pair successfully broke the descending channel's resistance and is now pulling back to the breakout zone, confirming its strength.
✅ Higher High Formation: A higher high structure supports the bullish bias, indicating potential continuation towards previous highs and beyond.
📌 I expect another bullish push from this key support zone.
🔔 Follow for real-time updates!
Setup #003 - EURUSD - LongWaiting for entry trigger. Must come between 10am-12pm ET today.
Confluences:
✅ Bullish overall bias
✅ Bulllish demand zone
✅ Bullish bat pattern
✅ Bullish divergence in price reversal zone
✅ Buillish break of structure
✅ Entering London close zone
✅ Break of structure confirmed
✅ Required risk:reward met
Euro could rise to 1.0560 points within the wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded near the seller zone, which coincided with the resistance level and when it moved up, it at once turned around and dropped to the 1.0350 level, breaking the resistance level. Then price started to grow inside the pennant, where it rose higher than the resistance level again, making a gap and later even reaching the resistance line of the pennant pattern. After this movement, the Euro started to decline and quickly fell to the support line of the pennant, breaking the 1.0510 level and soon it exited from the pennant pattern and then fell to the support level, which coincided with the buyer zone. Then the price rose a little and dropped to 1.0220 points, breaking the support level too. But soon, the Euro turned around and made impulse up, breaking the support level again and even later started to trades inside the wedge. In this pattern price first made a correction to the support line and then in a short time rose back to the support level, broke it, and continued to move up. Later price reached a resistance level, but a not long time ago it rebounded and fell to the support line, which recently bounced and started to grow. So, in my opinion, the Euro can continue to move up in wedge to resistance line, breaking resistance level. For this reason, I set my TP near the resistance line, at 1.0560 points. Please share this idea with your friends and click Boost 🚀
Gold Rises on Tariff Concerns & GDP Impact: Key Levels & TrendSafe-Haven Gold Rises Amid Trump Tariff Concerns
Gold prices climbed on Thursday as investors sought safety amid concerns over potential U.S. import tariffs under President Donald Trump. Additionally, market participants are closely watching a key inflation report to assess the Federal Reserve's future policy direction.
Gold Technical Analysis
Gold has followed our forecast precisely, reaching our target at 2,772, and is continuing its upward movement toward 2,788, as previously anticipated.
Market volatility is expected today due to the GDP release and ongoing tariff concerns. The bullish trend is likely to continue, aiming for a new all-time high (ATH). However, if the 4-hour candle closes below 2,788, bearish momentum may develop, targeting 2,772 and 2,759.
Conversely, a 1-hour or 4-hour candle close above 2,788 would confirm further upside potential, driving the price toward 2,805.
Key Levels
Pivot Point: 2772
Resistance Levels: 2788, 2805
Support Levels: 2759, 2748, 2739
Trend Outlook
Bullish: As long as the price remains above 2,772
Next Bullish Confirmation: A break above 2,788
Bearish: If the price falls below 2,772
Previous idea:
XAUUSD - Gold after the Fed meeting!Gold is above the EMA200 and EMA50 on the 1-hour timeframe and is in its ascending channel. If gold rises to the previous ATH, we can look for buying opportunities after a price correction. A correction of gold towards the demand zone will provide us with the next buying opportunity with a good risk-reward ratio.
During its meeting last night, the Federal Reserve decided to keep interest rates steady within the 4.25% to 4.5% range, signaling that it has no immediate plans to lower them. Jerome Powell, the Fed Chair, emphasized that the U.S. economy continues to experience strong growth, with a resilient labor market. According to him, current interest rates are no longer as restrictive to economic activity as they once were. He stated that the central bank prefers to see more concrete evidence of sustained inflation reduction before making any adjustments, while also assessing the economic impact of Donald Trump’s policies in areas such as tariffs, immigration, and taxation.
In its statement, the Federal Reserve acknowledged that inflation remains “somewhat high,” but it omitted previous references to progress toward the 2% target. Powell clarified that this change does not signal a shift in policy but rather reflects the need for greater confidence in the persistence of inflation’s downward trend.
The Fed Chair also stressed that the central bank cannot accurately predict the impact of Trump’s new policies before they are implemented. He noted that potential tariffs and immigration changes could have conflicting effects: they might contribute to inflation by raising costs, while also acting as a deflationary force by improving productivity.
Powell made it clear that a rate cut in March 2025 is “unlikely,” and future decisions will depend entirely on economic data, particularly inflation and employment indicators. If Trump’s trade policies or labor shortages caused by the expulsion of migrants unexpectedly drive inflation higher, the Federal Reserve may not only delay rate cuts but could even consider raising rates instead.
In response to these remarks, Trump criticized Powell, accusing him of failing to control inflation. The U.S. President stated on Truth Social that his administration would curb inflation by ramping up domestic energy production, reducing regulations, balancing international trade, and revitalizing American manufacturing. Meanwhile, Powell told reporters that he has not been in contact with Trump recently and would not respond to criticisms from the White House. Trump also accused the Federal Reserve of focusing on issues like climate change, diversity, equity, and gender ideology instead of prioritizing economic matters.
David Solomon, CEO of Goldman Sachs, believes that the Federal Reserve will maintain interest rates within a narrow range throughout 2025 unless there is a significant shift in inflation. He highlighted that rising costs in the services and food sectors remain key economic challenges, which will likely limit any major policy changes in the near term.
GBP/USD Wedge Breakout (30.1.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.2519
2nd Resistance – 1.2571
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EURUSD 30 Jan 2025 W5- Intraday Analysis - ECB Rate / LagardeThis is my Intraday analysis on EURUSD for 30 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Federal Reserve's Decision: The Fed maintained the federal funds rate at 4.25% to 4.50%, citing stable economic growth and a low unemployment rate.
Fed's Outlook: Chair Powell emphasized a cautious approach, indicating no immediate plans to adjust rates and highlighting the need to assess the economic impacts of forthcoming policies from the Trump administration.
Presidential Response: President Donald Trump criticized the Fed's decision, attributing ongoing inflation issues to the central bank's policies and pledging to address inflation through measures such as enhancing energy production, deregulation, and trade adjustments.
Heavy Economic Reports today: Starting with EUR Unemployment, GDP, ECB Interest Rate / Lagarde Press Conference to US GDP and Core PCE.
Overall, the market sentiment reflects a blend of caution and anticipation as investors monitor the interplay between the Federal Reserve's monetary policy and the administration's fiscal initiatives.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback.
🔹Price is currently mitigating the large 4H Demand zone but failing till now to do something significant (At least a Bullish CHoCH).
3️⃣
🔹Expectation is set for price to continue Bearish to target the Strong INT Low to facilitate the 4H Bullish Swing Pullback and the Daily Bearish Continuation.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹Swing Continuation
2️⃣
🔹Swing is continuing bearish with a new bearish BOS.
🔹After a BOS we expected a pullback which already reached the Swing Premium and mitigated the 15m / 4H supply zones.
🔹No clear INT structure within the Swing but the Fractal is currently bearish indicating the bearish swing pullback could be over and we are currently forming the Swing continuation phase to target the weak Swing Low.
3️⃣
🔹Expectation is for price to continue bearish (4H INT low to be broken) but to be cautious that we still within the 4H demand that is not fully mitigated.
Could the price bounce from here?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 72.88
1st Support: 71.49
1st Resistance: 75.29
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?The Bitcoin (BTC/USD) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 103.100.42
1st Support: 100,108.50
1st Resistance: 107,850.01
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/CAD levels heading into US GDPThe strong rally from the October low has entered a sideways range, and prices have seen failed attempts to break above a prior double-top high ~1.4468. A bearish pinbar also formed yesterday beneath the double top and the daily RSI (2) is also near the overbought zone.
The 4-hour chart shows a 2-bar bearish reversal at the range highs, and until we see a breakout accompanied with a worthy headline, the bias is to fade into moves below 1.4470 with for some mean reversion back towards the 2020 weekly-close high at 1.4332
Matt Simpson, Market Analyst at City Index and Forex.com
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.23600 zone, GBPUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.23600 support and resistance area.
Trade safe, Joe.
Potential bearish drop?USD/ZAR is rising towards the pivot and could reverse to the 1st support level.
Pivot: 18.64432
1st Support: 18.3265
1st Resistance: 18.85609
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 remain mixed?NZDUSD - 24h expiry
Pivot support is at 0.5640.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 0.5675 will confirm the bullish momentum.
The measured move target is 0.5750.
We look to Buy at 0.5640 (stop at 0.5610)
Our profit targets will be 0.5725 and 0.5750
Resistance: 0.5675 / 0.5700 / 0.5750
Support: 0.5640 / 0.5625 / 0.5600
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 Death Cross (1h) giving a sell signal.EURUSD is trading inside a Channel Down pattern and is about to form a Death Cross on the (1h) time frame.
All recent Death Cross formations resulted in a Lower Low.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 1.03500 (bottom of Channel Down).
Tips:
1. The RSI (1h) has formed the very same Lower Lows pattern as during all those previous Death Crosses.
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Bearish drop off pullback resistance?NZD/USD is reacting off the resistance level which is a pullback resistance that aligns with the 38.2% and the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5657
Why we like it:
There is a pullback resistance that lines up with the 38.2% and the 61.8% Fibonacci retracement.
Stop loss: 0.5672
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.5637
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.
Bearish drop?AUD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.6262
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.6324
Why we like it:
There is a pullback resistance.
Take profit: 0.6176
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.