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bearish reversal off pullback resistance?The Ethereum (ETH/USD) has rejected off the pivot and could drop to the 1st support that aligns with the 61.8% Fibonacci retracement. Pivot: 2,483.49 1st Support: 2,289.88 1st Resistance: 2,587.09 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:ETHUSDShort
by ICmarkets
1
Bearish reversal?The Bitcoin (BTC/USD) is reacting off the pivot and could drop to the 1st support. Pivot: 108,836.36 1st Support: 103,622.00 1st Resistance: 112,088.89 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:BTCUSDShort
by ICmarkets
1
Bullish breakout for the Gold?The price is reacting off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and a breakout of this level could lead the price from this level to our take profit. Entry: 3,343.14 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 3,296.15 Why we like it: There is a pullback support level. Take profit: 3,390.77 Why we like it: There is a pullback resistance 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.
VANTAGE:XAUUSDLong
by VantageMarkets
Potential bullish rise?AUD/USD is reacting off the resistance level which is a pullback resistance and could rise from this level to our take profit. Entry: 0.6537 Why we like it: There is a pullback resistance level. Stop loss: 0.6490 Why we like it: There is an overlap support level. Take profit: 0.6624 Why we like it: There is a resistance level that aligns with the 138.2% Fibonacci extension and the 100% Fibonacci projection. 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
Bearish drop off pullback resistance?USD/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 144.61 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 146.11 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Take profit: 142.70 Why we like it: There is a pullback support level that aligns with the 100% Fibonacci projection. 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.
Short
by VantageMarkets
Bullish reversal?USD/CAD is falling towards a support level, which acts as a pullback support just above the 78.6% Fibonacci projection. A bounce from this level could indicate the formation of a double bottom pattern, potentially leading to a price rise toward our take profit target. Entry: 1.3555 Why we like it: There is a pullback support levle. Stop loss: 1.3465 Why we like it: There is a support level that lines up with the 127.2% Fibonacci extension and the 100% Fibonacci projection. Take profit: 1.3677 Why we like it: There is a pullback resistance. 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
DXY Short-term rebound quite likely.The U.S. Dollar index (DXY) has been trading within almost a 3-year Channel Down, which has assisted us in choosing the right levels to sell high and buy low. Despite being now on its 2nd major Bearish Leg, we see a short-term bounce possibly up to August quite likely based on the previous major Bearish Leg. As you see, the current setup resembles the April 13 023 Low after which the price rebounded short-term just above the 0.786 Fibonacci level, only to get rejected later and complete the bottom on the 1.1 Fib extension. Even the 1W RSI sequences between the two fractals are identical. Therefore, before diving below 96.000, we believe a 100.000 test is quite likely. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot
1
Potential bullish rise?The Gold (XAU/USD) is reacting off the pivot and could rise to the 1st resistance. Pivot: 3,334.86 1st Support: 3,315.22 1st Resistance: 3,356.66 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:XAUUSDLong
by ICmarkets
1
Falling towards major support?The Loonie (USD/CAD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 1.3690 1st Support: 1.3667 1st Resistance: 1.3747 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.
Long
by ICmarkets
Bearish continuation?The Swissie (USD/CHF) has rejected off the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 0.8070 1st Support: 0.7962 1st Resistance: 0.8104 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 the price reverse from here?The Cable (GBP?USD) is reacting off the pivot and could reverse to the 1st support which acts as a pullback support. Pivot: 1.3710 1st Support: 1.3620 1st Resistance: 1.3799 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
Bullish continuation for the Fiber?The price is falling towards the pivot point, which is a pullback support, and could bounce to the 1st resistance, which is also a pullback resistance. Pivot: 1.1630 1st Support: 1.1591 1st Resistance: 1.1692 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.
Long
by ICmarkets
USDCHF LONG FORECAST Q2 W26 D26 Y25USDCHF LONG FORECAST Q2 W26 D26 Y25 Professional Risk Managers👋 HTF BOS REQUIRED Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Daily order block ✅Weekly order block ✅Intraday breaks of structure Required ✅4H Order block 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
XAU/USD - Channel Breakout (26.06.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel 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 – 3385 2nd Resistance – 3410 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by KABHI_TA_TRADING
35
$DXY Repeating 2016 Post-Election I have highlighted the 2016 to 2020 Presidential Elections time period and then pasted that timeframe onto the 2024 election and found that the pattern is going along very similarly to Trump 1.0. If we assume that the future unfolds the same as last time, which is low probability, of course, then the future will unfold as shown in the yellow bars going into the future, as shown. Initially in 2016 post election there was a 7% rally in the U.S. Dollar Index and then a 15% retreat for the following year. So far in 2025 we have seen the same rally and a similar decline, but only faster this time. It would appear as thought the bulk majority of the declines in the TVC:DXY are over at this time with perhaps 4% further downside over the balance of the year. The Dollar Index has been useful for predicting changes in the earnings estimates for the S&P500 in the USA due to the high percentage of earnings coming back to the US for quarterly reporting. I have posted a few charts in the past which have been helpful at determining the risk in the stock market. The behavior of the global central banks has certainly had its impact on monetary aggregates and inflation. The policy response since the Covid Pandemic has been for maximum liquidity and maximum Government spending to keep the global economy afloat. The post-Covid response is now coming to a head along with new policy directives to cut wasteful Government spending and to reduce inflation (caused the Gov't spending). Global investors have flocked to the US for access to high technology stocks and have driven up the value of US assets to extreme levels compared to other markets. This adjustment phase where investors remove money from overvalued, or highly valued, US assets back to other markets has created a wave of selling in the US Dollar and US listed equities. What does the future hold? We never know but we sure can learn from what happened in the past by looking at charts just like this one to see what may happen. Looks like a bounce in the TVC:DXY from here, followed by a new low and then a rebound into the next few years. All the best, Tim April 22, 2025 1:16PM EST TVC:DXY 98.78 last
TVC:DXYShort
by timwest
5
USDCAD: Oil Price Weakness Weighs on CAD – Can USD Capitalize?USDCAD: Oil Price Weakness Weighs on CAD – Can USD Capitalize? Hello TradingView community! Today, let's analyze the USDCAD pair, which is showing interesting dynamics as the CAD faces pressure from falling oil prices. 🌍 Macro Drivers: CAD Struggles Amidst Lower Oil, USD Upside Limited The USDCAD pair is caught in a tug-of-war between the Canadian Dollar (CAD) and the US Dollar (USD): CAD pressured by oil: The Canadian Dollar has seen its gains trimmed, primarily weighed down by lower crude oil prices. Canada, being a major oil exporter, sees its currency directly impacted by these fluctuations. Oil prices lower: A recent truce between Israel and Iran is keeping crude oil prices significantly lower (16% below Monday's highs), directly affecting CAD's strength. USD's limited upside: Despite CAD's weakness, the US Dollar's upside attempts are being constrained by recent soft US economic data and persistent hopes for Federal Reserve (Fed) monetary policy easing. In summary, USDCAD is seeing a slight upward tick due to a weaker CAD from oil price drops, but the USD's rally is somewhat capped by Fed easing expectations. 📊 Technical Analysis & USDCAD Trading Plan Based on the USDCAD chart (H4/M30) provided: Overall Trend: USDCAD is trading within an ascending channel, but shows signs of weakness near the channel's upper boundary. Price appears to be forming a lower high after a previous upward move. Key Price Levels: Potential SELL Zone (Resistance): Clearly identified around 1.36989. This is a strong resistance level, coinciding with recent local highs. Selling pressure is likely to emerge here. Key Support (Potential BUY Zone): Around 1.36734 and further down at 1.36431. The 1.36431 level is particularly significant, aligning with a major Fibonacci level (1.382) and acting as a robust demand area from prior price action. Moving Averages (EMAs): Price is trading near the EMAs (black, orange, red), indicating a consolidation phase and potential for a significant move. Projected Price Action: The chart suggests that USDCAD could pull back from the current resistance zone (1.36989) towards the support levels below, particularly 1.36431, before potentially finding buying interest to resume an upward trend. 🎯 USDCAD Trading Plan: SELL ZONE: 1.36989 SL: 1.37050 TP: 1.36900 - 1.36850 - 1.36800 - 1.36750 - 1.36700 - 1.36600 - 1.36500 - 1.36431 BUY ZONE: 1.36431 SL: 1.36300 TP: 1.36500 - 1.36550 - 1.36600 - 1.36650 - 1.36700 - 1.36750 - 1.36800 - 1.36900 ⚠️ Key Factors to Monitor: Crude Oil Prices: Any significant movements in crude oil will directly impact the CAD. US Economic Data: Upcoming reports on inflation and employment from the US could heavily influence Fed policy expectations and USD strength. Bank of Canada (BoC) Policy: Statements or decisions from the BoC will also be a critical factor affecting the CAD. Trade smart and stay vigilant! Wishing everyone a successful USDCAD trading day!
Short
by MMFlowTrading
10
Downtrend Slowing – Recovery Opportunity After Correction?USD/JPY: Downtrend Slowing – Recovery Opportunity After Correction? Hello TradingView community! Today, let's focus on analyzing the USD/JPY pair, which is showing interesting developments after its recent correction. 🌍 Macro Overview: USD/JPY Under Current Pressures The market is observing shifts in the dynamics of the USD/JPY pair: UOB Group's 24-Hour View: The USD experienced a sharp decline from 148.02 on Monday to 144.49, despite being "oversold". This indicates a slowing in the downtrend, though caution remains. Retest Expected: According to UOB Group, there's a likelihood of USD/JPY retesting the 144.50 level before a more sustained recovery can be expected. Downside Limited: A drop below 144.50 cannot be ruled out, but based on current momentum, any further weakness is unlikely to reach 144.00. Resistance Levels: On the upside, resistance levels are noted at 145.20 and 145.55. Overall, USD/JPY is in a phase of seeking equilibrium after a significant decline. 📊 Technical Analysis & USD/JPY Trading Plan Based on the USD/JPY chart (H4/M30) you provided: Overall Trend: The pair has undergone a relatively deep corrective decline after reaching a local peak, but appears to be seeking a strong support zone. Key Price Levels: Crucial Resistance (SELL Zone): Clearly at 144.894 - 145.178. This is an confluence area of Fibonacci levels and local highs where selling pressure could emerge strongly. Important Support (Potential BUY Zone): Around 143.800 - 143.500. This represents a potential bottoming area where demand might be strong enough to push the price higher. Projected Price Action: After the sharp decline, USD/JPY might retest the 144.50 area. If it holds above key support levels, an upward move towards resistance zones is plausible, as indicated by the arrows on the chart. 🎯 USD/JPY Trading Plan: BUY ZONE: 143.800 - 143.500 SL: 143.400 TP: 144.000 - 144.200 - 144.500 - 144.800 - 145.000 - 145.200 - 145.500 SELL ZONE: 144.894 - 145.178 SL: 145.300 TP: 144.700 - 144.500 - 144.200 - 144.000 - 143.800 - 143.500 ⚠️ Key Factors to Monitor: US and Japanese Economic Data: Upcoming reports on inflation and employment from both nations could significantly impact Fed and BoJ policy expectations. BoJ Policy Decisions: Any shifts in the Bank of Japan's stance will create strong volatility for the JPY. Global Risk Sentiment: Changes in overall market sentiment can also affect JPY crosses. Trade smart and stay informed! Wishing everyone a successful USD/JPY trading day!
Long
by MMFlowTrading
Can it Reach New Highs as USD Weakens?EUR/USD: Euro's Resilience Holds Strong – Can it Reach New Highs as USD Weakens? 🌍 Macro Landscape: EUR/USD Rides Risk-On Sentiment and Fed Cut Hopes The Euro (EUR) is showing significant strength, maintaining its position near a three-year high against the US Dollar (USD). This resilience is largely fueled by a moderately positive risk appetite in the market. Simultaneously, the US Dollar is facing considerable downward pressure. This weakness stems from recent weaker-than-expected economic data from the United States and increasing market expectations for the Federal Reserve (Fed) to implement interest rate cuts. If US economic indicators continue to soften, it could solidify the case for earlier Fed rate cuts, further undermining the USD and potentially boosting EUR/USD. 🏦 Central Bank Policy: Diverging Paths for ECB and Fed Federal Reserve (Fed): The market is increasingly pricing in the likelihood of Fed interest rate cuts. Weaker US data strengthens this narrative, as the Fed might be compelled to ease monetary policy to support economic growth. This dovish outlook for the Fed is a key driver of USD weakness. European Central Bank (ECB): While the provided information focuses on the EUR's strength due to broader market sentiment and USD weakness, the ECB's more measured approach to monetary policy compared to the Fed's potential easing can create a favorable interest rate differential for the Euro, attracting capital flows. This divergence in central bank policy expectations—with the Fed leaning towards cuts and the ECB maintaining a more cautious stance—creates a tailwind for the EUR/USD pair. 🌐 Capital Flows: Money Favors Euro Amidst USD Softness Global capital flow models suggest that funds are increasingly moving towards assets perceived as offering better relative value or stability. As US yields become less attractive due to anticipated Fed rate cuts, capital may flow out of USD-denominated assets. This outflow from the USD naturally benefits currencies like the Euro, especially given its current positive momentum driven by a moderate risk-on environment. The re-pricing of Fed policy risk directly influences these capital movements, contributing to the upward trajectory of EUR/USD. 📊 Technical Structure (H4 Chart Analysis): EUR/USD Eyes Key Resistance Levels Based on the provided EUR/USD H4 chart: Uptrend intact: The pair continues to exhibit a positive trend, characterized by higher lows and higher highs within an ascending channel. Key Resistance Levels: Initial Resistance: 1.16330. This level aligns with recent highs and the top of the minor channel. A break above this suggests further bullish momentum. Major Resistance Zone: 1.17031. This is indicated as a significant resistance area, potentially a long-term target or a reversal point. A break here would confirm strong bullish conviction. Key Support Levels: Immediate Support: 1.15470. This level has acted as a support point, aligning with the EMA 200 and a Fibonacci retracement level, indicating a potential bounce area. Strong Support Zone: 1.15249. This zone represents a robust demand area, aligning with previous price action and serving as a crucial level for bulls to defend. Moving Averages (EMA 13-34-89-200): The price is trading above the short-term and long-term EMAs, suggesting strong bullish momentum. The EMAs are fanning out and showing a bullish alignment, reinforcing the uptrend. Projected Price Action: The chart suggests that the price might retrace towards the 1.15470 or 1.15249 support zones before resuming its upward trajectory towards the 1.16330 and potentially 1.17031 resistance levels. 🎯 Trade Strategy Recommendations: Scenario 1 – BUY the Dip: Entry: Look for bullish confirmation around 1.15470 - 1.15249. Stop-Loss: Below 1.15100 (or a level below the 1.15249 support for risk management). Take-Profit: TP1: 1.15600 TP2: 1.15800 TP3: 1.16000 TP4: 1.16200 TP5: 1.16330 (Targeting the immediate resistance) TP6: 1.16500 TP7: 1.16800 TP8: 1.17031 (Targeting the major resistance) Scenario 2 – SELL the Rally (Counter-trend/Reversal): Entry: Look for bearish confirmation around 1.16330 - 1.16400 or higher near 1.17031. Stop-Loss: Above 1.16500 (or above 1.17100 if selling at higher resistance). Take-Profit: TP1: 1.16200 TP2: 1.16000 TP3: 1.15800 TP4: 1.15600 TP5: 1.15470 (Targeting the immediate support) TP6: 1.15249 (Targeting the strong support zone) ⚠️ Key Events to Watch: Upcoming US Economic Data: Any further weak data could solidify Fed rate cut expectations and weigh on the USD. ECB Official Statements: Comments from ECB members on inflation or monetary policy could impact EUR's strength. Global Risk Sentiment: A continued moderate risk-on environment will generally support the EUR against the USD. Trade smart and stay informed! Wishing everyone a successful trading day!
Long
by MMFlowTrading
1
Gold Slips as Ceasefire Eases SafeHaven Demand Bearish Below3339Gold Drops on Israel-Iran Ceasefire Gold prices declined as safe-haven demand eased following President Trump’s announcement of a ceasefire between Israel and Iran. Despite the pullback, gold remains up nearly 23% year-to-date, supported by ongoing geopolitical tensions, economic uncertainty driven by Trump’s tariffs, and robust central bank purchases. Market Focus: All eyes are now on U.S. Federal Reserve Chair Jerome Powell’s testimony, which may offer fresh insights into potential near-term interest rate cuts. Technical Outlook: Gold remains under bearish pressure as long as it trades below the 3329–3339 pivot zone. A confirmed 4H candle close below 3329, or especially 3309, would further validate downside momentum toward the support range. Support Levels: 3302, 3281, 3256 Resistance Levels: 3364, 3393 A clear break below 3302–3281 would open the path toward deeper bearish continuation.
OANDA:XAUUSDShort
by SroshMayi
2