USD
Falling towards pullback support?USO/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 67.64
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci projection.
Stop loss: 65.84
Why we like it:
There is a pullback support level that is slightly above the 127.2% Fibonacci extension.
Take profit: 69.05
Why we like it:
There is an overlap resistance 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.
Potential bullish reversal?XAG/USD is falling towards the support level which is an overlap support that is slightly above the 161.89% Fibonacci extension and could bounce from this level to our take profit.
Entry: 30.14
Why we like it:
There is an overlap support level that is slightly above the 161.8% Fibonacci extension.
Stop loss: 29.10
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 30.94
Why we like it:
There is a pullback resistance 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.
USDCAD: Massive Breakout is Coming?! 🇺🇸🇨🇦
USDCAD is testing a significant weekly horizontal resistance cluster
based on the highs of 2022/2023/2024.
With the current fundamental sentiment, probabilities
will be high that we will see a breakout attempt of that.
A weekly candle close above will confirm a violation.
It will open a potential for more growth.
Get ready.
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Could the Gold reverse from here?The price is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and is also slightly below the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,589.18
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement and also slightly below the 78.6% Fibonacci retracement.
Stop loss: 2,555.36
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 2,641.60
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.
Potential bullish bounce for the Aussie?AUD/USD is falling towards the support level which is a pullback support that is slightly below the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6544
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 0.6508
Why we like it:
There is a pullback support level.
Take profit: 0.6597
Why we like it:
There is a pullback resistance level that aligns with 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.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66100 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66100 support and resistance area.
Trade safe, Joe.
AUDUSD Channel Down aiming for a bearish break out.AUDUSD is trading inside a Channel Down since September 19th.
The price is currently under the MA50 (4h) and the bullish wave of the Channel Down is about to end.
So far this is similar to the first bullish wave (Megaphone) that made a bearish break out on October 3rd.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 0.64565 (Fibonacci 1.5 extension).
Tips:
1. The RSI (4h) double topped and is trading under its MA. Sell signal as well.
Please like, follow and comment!!
BTC/USD Golden Cross + Bitcoin Act: The Perfect Storm? Now that Donald Trump is set to become the next president of the United States, the U.S. could soon build a strategic Bitcoin reserve.
This initiative, proposed under the pending “Bitcoin Act,” aims to let the U.S. government acquire up to 200,000 Bitcoin per year over five years, totaling up to 1 million BTC, or nearly 5% of the currency’s maximum supply. At current prices, this could cost over $80 billion.
The U.S. already holds around 200,000 Bitcoin, largely confiscated from criminals. Trump has pledged that under his administration, seized Bitcoin wouldn’t be sold.
The price of bitcoin is trading at a new fresh record high above the $86,000 level. A golden cross pattern has formed with the 50-day and 200-day daily moving average crossing each other.
Euro can little grow more and then continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to trades inside the wedge, where it at once broke the 1.0790 level, which coincided with the seller zone but soon backed up to this area. Then the price continued to move up and later rose to 1.0840 points, but then EUR made a correction to support line of wedge. Then price turned around and started to grow to a resistance line of a wedge pattern and even made a gap, after which it exited from the wedge and turned around. Then prices made a downward impulse inside the triangle to the resistance area, breaking the 1.0790 level. After this movement, the EUR turned around and in a short time rose to the seller zone, after which turned around and dropped back. Also recently, the price broke the 1.0680 level and now it trades very close to the support line of the triangle pattern. In my opinion, the price can make move up to the resistance area and then continue to decline, even exiting from the triangle pattern. Therefore I set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.29400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.29400 support and resistance area.
Trade safe, Joe.
Is the Kiwi Ready to Bounce? Approaching Key Support!The Kiwi took a major hit in October, dropping sharply from the 0.638 resistance level, which has held strong for over two years.
Looking at the weekly chart, we can see that the market has formed a clear range between 0.638 and 0.588—the lower level we’re now approaching.
On the daily chart, the initial drop was intense, with strong selling momentum evident in large red candles. However, as the price dropped past the halfway point of the range, momentum began to ease. This slowdown is visible in the smaller, mixed red and green candles.
This price action indicates that selling momentum is slowing as we approach the 0.588 level. In fact, the market has now started moving sideways, signaling that buyers may be accumulating at the bottom of the range.
Given these signals, I’ll be looking for buy setups using my TRFX Indicator, focusing on the 4-hour to 8-hour timeframes. Ideally, I’d like to see another dip toward or even slightly below 0.59 before entering.
The target for this setup is the top of the range, with the setup invalidated by a clear weekly break below the 0.588 support.
Let me know what you think below! :)
EURUSD The sell-off isn't over yet.The EURUSD pair is extending the sharp sell-off after the most recent bearish signal upon the 1D MA100 (green trend-line) rejection. This is practically the same sideways Zones we talked about almost a month ago (October 14, see chart below):
The price broke below the 1-year Higher Lows trend-line that was the last 'hope' for a bullish reversal and should now extend the bearish trend even lower. The 1D MA100 rejection was also a rejection on the 0.5 Fibonacci retracement level and as you can see this is identical to the August 31 2023 rejection. That was half-way through a Channel Down (also starting from the Resistance Zone) that eventually targeted the 1.236 Fibonacci extension.
As a result, we remain bearish on this pair, targeting 1.05300 (Fib 1.236 extension), unless the 1D RSI hits 25.00 (oversold), in which case take profit regardless, as this RSI reading preceded the October 03 2023 bottom.
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Waiting for US data later on this week.Waiting for a clearance of one of the key areas discussed in the video. Take a look and let me know what you think.
EASYMARKETS:USDCAD
Disclaimer:
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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. easyMarkets 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.
EURUSD - An In-depth Analysis (ICT Concepts)In this video I provide a more in-depth analysis for EURUSD, and how I go about analyzing the chart and coming to a conclusion if any.
The concepts I used are based on ICT's Concepts along with some of my own discoveries along the way.
I hope you find it insightful.
Happy trading.
- R2F
Bearish drop off 50% Fibonacci resistance?The Gold (XAU/USD) has reacted off the pivot which acts as a pullback resistance that aligns with the 50% Fibonacci retracement and could drop to the 1st support which has been identified as a pullback support.
Pivot: 2,713.01
1st Support: 2,605.27
1st Resistance: 2,790.10
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?WTI oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 67.74
1st Support: 65.55
1st Resistance: 72.63
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.