Could the price bounce from here?WTI Oil (WTI/USD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 62.36
1st Support: 61.81
1st Resistance: 63.24
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.
USD
Potential bearish drop for the Loonie?The price is rising towards the pivot, which is an overlap resistance, and could drop to the 1st support.
Pivot: 1.3683
1st Support: 1.3590
1st Resistance: 1.3707
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 rise off pullback support?USD/JPY has bounced off the pivot and could rise to the 1st resistance that aligns with the 61.8% Fibonacci projection.
Pivot: 143.45
1st Support: 143.08
1st Resistance: 144.42
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.
Falling towards pullback support?The Aussie (AUD/USD) is falling towards the pivot, which acts as a pullback support and could bounce to the 1st resistance, which has been identified as a pullback resistance.
Pivot: 0.6487
1st Support: 0.6472
1st Resistance: 0.6528
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 continuation?The Cable (GBP/USD) is falling towards the pivot, which is an overlap support and could rise to the 1st resistance.
Pivot: 1.3507
1st Support: 1.3420
1st Resistance: 1.3644
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 Fiber (EUR/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 1.1471
1st Support: 1.1376
1st Resistance: 1.1573
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.
A Contrarian View On the US DollarI don't recall the last bullish headline I saw for the US dollar, bearish sentiment may be stretched, and I'm seeing plenty of clues across the US dollar index and all FX majors that we could at least be looking at a minor bounce. Whether it can turn into a larger short-covering rally is likely down to Trump's trade deals. Either way, I'm, on guard for an inflection point for the dollar.
Matt Simpson, Market Analyst at City Index and Forex.com
USDCAD Potential DownsidesHey traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37500 support and resistance area.
Trade safe, Joe.
USDJPY is Nearing an Important ResistanceHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 143.700 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 143.700 support and resistance area.
Trade safe, Joe.
Bearish drop for Kiwi?The price is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.6051
Why we like it:
There is a pullback resistance level.
Stop loss: 0.6078
Why we like it:
There is a pullback resistance level.
Take profit: 0.6007
Why we lik eit:
There is an overlap support level that aligns with the 78.6% 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.
Falling towards pullback support?AUD/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: 0.6499
Why we like it:
There is a pullback support level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 0.6485
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.6536
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 reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3691
Why we like it:
There is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement.
Stop loss: 1.3738
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 1.3635
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 off pullback resistance?GBP/USD is reacting off the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 1.3590
Why we like it:
There is a pullback resistance that aligns with the 138.2% Fibonacci extension.
Stop loss: 1.3629
Why we like it:
There is a resistance level at the 100% Fibonacci projection.
Take profit: 1.3535
Why we like it:
There is an overlap support level that aligns with the 61.8% 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.
Bearish drop for the Fiber?The price is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.1452
Why we like it:
There is a pullback resistance level.
Stop loss: 1.1495
Why we like it:
There is a pullback resistance level.
Take profit: 1.1375
Why we like it:
There is an overlap support level that is slightly below the 38.2% 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.
USD/CAD - Bearish Flag (04.06.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag 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 – 1.3645
2nd Support – 1.3605
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GBPUSD 4H MAJOR REVERSAL SETUP – WATCH FOR THE BREAK!Hey There;
The Head & Shoulders (H&S) pattern in GBPUSD is becoming more defined, approaching a critical neckline level. If a breakout occurs, it could trigger a strong downward move, pushing the price toward new support levels.
Right now, sellers are gaining strength while buyers attempt to defend key support zones. A confirmed close below the neckline could accelerate the sell-off.
📌 If the breakout happens, I’ll share target levels with you—stay tuned for updates
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EURUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.13700 zone, EURUSD 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 1.13700 support and resistance area.
Trade safe, Joe.
AUDUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.64900 zone, AUDUSD 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 0.64900 support and resistance zone.
Trade safe, Joe.
EURUSD: Twin Channel Up structure aims for 1.14950.EURUSD is bullish on its 1D technical outlook (RSI = 59.016, MACD = 0.005, ADX = 22.852) as it maintains a bullish structure consisting of successive Channel Up patterns. We are currently on the 2nd, with the price supported by both the 30m MA50 and MA200. The 1st Channel Up peaked after a +1.29% rise. We remain bullish, aiming for a similar rise, TP = 1.14950.
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