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Bearish reversal off 61.8% Fibonacci resistance?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support level which has been identified as a pullback support. Pivot: 1.4387 1st Support: 1.4298 1st Resistance: 1.4460 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 bounce?USD/JPY is reacting off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 155.70 1st Support: 154.70 1st resistance: 157.04 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
Dollar strength stopped as December CPI cools The dollar retreated further as the deceleration in core CPI for Dec increased the likelihood of a Fed rate cut. According to the CME FedWatch, the probability of a rate cut in June FOMC rose to 67% from 57%. Richmond Fed President Thomas Barkin stressed that inflation is approaching the 2% target again and price pressures were continuing to slow. Failed to hold EMA21, DXY consolidates near the 109.00 threshold. The index briefly broke below EMA78 and the trendline, indicating the possibility of a bearish transition. If DXY fails to hold EMA78 and the trendline, the index may fall further to the support at 108.30. Conversely, if DXY breaches above EMA21, the index could regain upward momentum toward the 110.15 high.
TVC:DXY
by inkicho_exness
Bullish bounce?The Fiber (EUR/USD) has reacted off the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.0260 1st Support: 1.0194 1st Resistance: 1.0341 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 reversal off 61.8% Fibonacci resistance?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.9106 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.9195 Why we like it: There is a pullback resistance level. Take profit: 0.9106 Why we like it: There is an overlap 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.
Short
by VantageMarkets
Falling towards overlap suppoprt?NZD/USD is falling towards the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.5600 Why we like it: There is an overlap support level that is slightly above the 50% Fibonacci retracement. Stop loss: 0.5578 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 0.5641 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURUSD: short term buy on the 1H MA50 in order.EURUSD is neutral on its 1H technical outlook (RSI = 48.015, MACD = 0.001, ADX = 25.709) as it pulled back to its 1H MA50 today but managed to find enough support to bounce even though it crossed it. The pattern is a Channel Down, so the overall trend is bearish but this is its bullish wave and as long as the 1H MA50 holds, we can technically make one last High. Every rebound since the Channel Down bottomed on January 13th, has been of +1.00%. We are expecting another one, so place your targets accordingly (TP = 1.03500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
5
EURO - Price can continue move up to $1.0420, exiting of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline inside falling channel, where it bounced from support line and rose to resistance line first. Then Euro turned around and dropped to $1.0380 level, some time traded near and later broke it. Next, Euro exied from channel and fell to support level, after which bounced from this level to $1.0380 level. Price broke this level, but soon it turned around, broke this level again, and started to decline inside pennant. In pennant, EUR fell to support line, after which rose to resistance line of this pattern, breaking $1.0245 level. Now, I think that Euro exit from pennant, reach resistance level, and break it, after which continue to grow to $1.0420 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
USDCAD Best sell opportunity in 5 years!The USDCAD is standing on unique grounds as it is just below the 9-year Resistance Zone and is consolidating. Last time it hit this Zone was on the week of March 16 2020 and as you can see it got brutally rejected. Both the January 18 2016 and March 16 2020 tops have similar 1W RSI patterns and after their rejection, the price's first stop was on the 0.236 Fibonacci level. As a result, our Target is 1.26000 on this unique long-term sell opportunity. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USDJPY - Will the weakness of the yen stop?!The USDJPY pairing in the 4 -hour timeframe is between EMA200 and EMA50 and is moving in its mid -term uptrend. If corrected by publishing economic data this week, we can see the downward trend and then the restricted demand zone, and in that area with the right risk. The valid defeat of the specified resistance range will pave the way for the pair up to 160. Tatsu Yamasaki, a former Japanese official, stated in an interview with Nikkei that collaboration between Trump and Tokyo could help normalize the dollar-yen exchange rate. He suggested that Trump should work with Tokyo to weaken the overly strong dollar. Such cooperation could strengthen economic relations between the two nations and bring greater stability to financial markets. Meanwhile, robust U.S. labor market data for December has led many analysts to conclude that the Federal Reserve is unlikely to cut interest rates further at this time. Some even predict that the report could pave the way for the Fed to raise interest rates in 2025. An economist at Bank of America wrote in a note, “Our baseline forecast is that the Federal Reserve will keep rates steady for an extended period. However, the risk of a rate hike is growing.” According to the economist, factors such as core inflation growth or rising inflation expectations could trigger a rate hike.Concerns also revolve around Trump’s policies, including tax cuts and tariffs, which may contribute to higher inflation. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), remarked that the Federal Reserve might delay rate cuts due to stable labor markets and inflation nearing target levels. She also predicted that global economic growth will remain steady as inflation gradually declines in 2025. Georgieva highlighted uncertainties surrounding trade policies under the new U.S. administration, emphasizing their potential impact on the global economy. Additionally, she expects global interest rates to remain relatively high for an extended period. Kazuo Ueda, the Governor of the Bank of Japan, stated that interest rates will be raised if economic improvements and price growth continue. He noted that the final decision on this matter will be made next week. Ueda’s remarks contributed to strengthening the yen in financial markets. Himino, Deputy Governor of the Bank of Japan, indicated that if economic projections materialize, monetary easing policies will be adjusted and interest rates increased. He stressed the need for continuous monitoring of U.S. economic policies under the new administration. Domestically, one of the critical issues remains the outlook for wage growth in the fiscal year 2025. Himino acknowledged various risks, both domestic and international, while noting that the U.S. economy is expected to remain strong. Masato Kanda, a former currency official for Japan, continues to comment on the yen. Speaking in Tokyo, he emphasized that currency markets should move based on fundamental principles, and any sudden deviations from these fundamentals require correction. Separately, Nippon Steel announced that it is the sole partner capable of fully preserving U.S. Steel, keeping its blast furnaces operational, and maintaining jobs in the industry. The company stated that its commitments have been shared in multiple meetings with various stakeholders, including employees. Meanwhile, Lourenco Goncalves, CEO of Cleveland-Cliffs, has been accused of unfair biases, as he cannot match the scope and scale of Nippon Steel’s proposal. Nippon Steel emphasized its determination to take whatever measures are necessary to finalize the deal.
Short
by Ali_PSND
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.5571 1st Support: 0.5542 1st Resistance: 0.5620 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
Could the Gold reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support that acts as an overlap support. Pivot: 2,693.13 1st Support: 2,657.78 1st Resistance: 2,718.80 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
Potential bullish rise?The Loonie (USD/CAD) has reacted off the pivot which acts as an overlap support and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 1.4342 1st Support: 1.4323 1st Resistance: 1.4382 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 reversal off 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support that lines up with the 38.2% Fibonacci retracement. Pivot: 1.0343 1st Support: 1.0254 1st Resistance: 1.0442 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.
by ICmarkets