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USD/JPY Analysis Update 01.10.2024USD/JPY Analysis Update: The market has moved slightly higher than expected, and currently, a bearish divergence appears to be forming on the 1H chart, indicating a potential pullback soon. We expect a support/resistance flip in the highlighted area on the chart, which served as resistance and now should act as support. This zone will be the entry level, with yesterday’s low as the invalidation point. The target remains unchanged from the previous analysis. Additionally, the diagonal trendline supporting the uptrend from yesterday’s low has been broken, which further strengthens the case for a potential pullback from the current levels. If the price holds above this level, we could see continuation; otherwise, a deeper correction might follow. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
by RhinoAkaBear
Could Gold reverse from here?The price is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,645.64 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 2,660.75 Why we like it: There is an overlap resistance level that lines up with the 88% Fibonacci retracement. Take profit: 2,652.48 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.
VANTAGE:XAUUSDShort
by VantageMarkets
2
EURUSD H4 - Short setupEURUSD H4 Our sell zone here on EURUSD is playing out well 1.12 seems to be the handle which is holding as effective resistance. 3 attempts to break higher, 3 time resistance has held and see a dump of around 60-70 points, with just 10-15 points of movement around the 1.12 stoploss area. This 60-70 point range is certainly an area and range we can follow. Ultimately, out target is 1.10, but we may see price bounce from current price like we have on the last few occassions.
Short
by Trade_Simple_FX
Pullback resistance ahead for Gold?The price is rising towards the pivot and could reverse to the 1st support level which is a pullback support. Pivot: 2,545.34 1st Support: 2,624.97 1st Resistance: 2,660.47 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.
ICMARKETS:XAUUSDShort
by ICmarkets
1
Bearish reversal off pullbacvk resistance?The Loonnie (USDD/CAD)is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support level. Pivot: 1.3549 1st Support: 1.3491 1st Resistance: 1.3614 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.
Short
by ICmarkets
Bearish reversal?USD/CHF is rising towards the pivot which has been identified as a pullback resistance and could fall to the 1st support level which acts as a pullback support. Pivot: 0.8479 1st Support: 0.8405 1st Resistance: 0.8516 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.
Short
by ICmarkets
Could price reverse from here?USD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 144.49 1st Support: 142.17 1st Resistance: 146.45 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.
Short
by ICmarkets
USD/MXN: Sheinbaum Era Begins Mexico makes history today as Claudia Sheinbaum becomes the country’s first female president. With nearly 35.5 million votes—representing close to 60% of the electorate—Sheinbaum secured more votes than any president in Mexican history. Since the election, the Mexican peso has declined by around 13%. Recent price action has moved sideways as markets assess Sheinbaum's economic policies. However, traders anticipating a sharper selloff in USD/MXN may need to wait, as the pair potentially remains upwardly biased with the 20 Day and 50 Day EMA outlining possibly areas of support.
by BlackBull_Markets
AUDUSD: Top of Megaphone hit. Reversal expected.AUDUSD is almost overbought on its 1D technical outlook (RSI = 68.054, MACD = 0.006, ADX = 53.204) as the price reached the HH trendline at the top of the Megaphone pattern. The 1D MACD printed a sequence almost identical to the December 28th 2023 top, which soon after declined to the 0.5 Fibonacci level. Consequently, we take this as a strong sell signal, aiming at the 0.5 Fib (TP = 0.66500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
HelenP. I Gold will break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. Some time ago price declined to the trend line (2500 points) and then at once rebounded and rose to support 2, which is located inside the support zone. After this movement, the price tried to rise more, but later it turned around and made a correction to the trend line (2547 points) again, which coincided with support 2. After this, Gold turned around, bounced, and started to grow to support 1, which coincided with one more support zone. When it reached this level, XAU broke it and made a retest, after which continued to move up. Some time later, when the price reached 2685 points, it turned around and in a short time declined to the support zone. But recently it started to move up, so, for this case, I expect that XAUUSD will make a small movement up and then start to decline to the trend line, breaking the support level. That's why I set my goal at 2620 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
EURUSD Bullish continuation of the Channel Up.The EURUSD pair is defying the Double Top selling pressure of the 1.12100 Resistance and it appears that there are high probabilities of extending the Bullish Leg of the June's Channel Up. With the support of the 1D MA50 (blue trend-line) that contained the September 11 pull-back, the trend may be targeting the pattern's top for a new Higher High. It appears that so far there is high symmetry between the July - August 2024 Leg and October - November 2023 trend (both +4.99% rises), so the current uptrend may be of around +3.85%, similar to the one of December 2023. As a result, with the 1D MACD also on a Bullish Cross, we are targeting 1.13500 for a Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY - Short Trade Idea This is a short trade idea on the USDJPY pair. Recently, we traded into a 4M and 11M BISI, had a nice reaction to a Premium Array, now we had a breakdown again. Because of the Japanese Central Bank's decision to increase interest rates, I am expecting price to take a further nose dive. I have 2 targets based on my profit-taking criteria. 1st is the swing low as a Discount Array, and 2nd/final target is a 2D BISI below some relative equal lows. Depending on where price closes today, I would be anticipating price to trade back up into a 2D iFVG that was a previous R2F signature BISI on the 2D timeframe. Safest stoploss before invalidating the trade is at the swing high before the sudden dump at Japan election news. Let's see! - R2F
Short
by Road_2_Funded
Bearish reversal off overlap resistance?USOUSD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 70.48 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 72.55 Why we like it: There is an overlap resistance level. Take profit: 67.99 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.
VANTAGE:USOUSDShort
by VantageMarkets
Potential bullish bounce?USD/JPY is falling towards the support level which is a pullback support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 141.10 Why we like it: There is a pullback support that aligns with the 78.6% Fibonacci retracement. Stop loss: 139.63 Why we like it: There is a pullback support level. Take profit: 143.22 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.
Long
by VantageMarkets