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Bearish drop?USD/JPY is reacting off the pivot and could drop to the 61.8% Fibonacci support. Pivot: 153.14 1st Support: 150.90 1st Resistance: 1554.97 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
Falling towards overlap support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 0.8635 1st Support: 0.8606 1st Resistance: 0.8696 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. 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 drop?The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could srop to the 1st support which acts as a pullback support. Pivot: 1.2989 1st Support: 1.2915 1st Resistance: 1.3033 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
NZDUSD to continue in the downward move?NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.5975 will confirm the bearish momentum. The measured move target is 0.5925. We look to Sell at 0.6000 (stop at 0.6020) Our profit targets will be 0.5950 and 0.5925 Resistance: 0.6000 / 0.6025 / 0.6035 Support: 0.5950 / 0.5930 / 0.5925 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURUSD confirmed the bottom. Low risk buy now.The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible. That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend. As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib). ------------------------------------------------------------------------------- ** 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
1
DXY D1 - Short Signal DXY D1 Some large market gaps seen across US30 and US100, XAUUSD also gapping to the downside, trading as low as $2725/oz. DXY still remains below our area of resistance and supply, which trades at around 104.500 price. 105.000 would usually be a good technical psychological trading zone, that being said, there isn't much else on that price that would act as any real method of confluence for the moment. Lets see what happens around this 104.500 price level, we have had a couple of days trading into that zone and a red engulfing candle close on that daily timeframe back on Thursday last week. Could we expect some dumps on DXY this week?
TVC:DXYShort
by Trade_Simple_FX
US30 H4 - Long Signal US30 H4 Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support price. We saw a big selloff Friday, dumping as much as 600 points in a single 4 hour period, seeing that move correct and sustaining would be a requirement for what we are after. The market gaps were no doubt significant, being in excess of 100 points.
BLACKBULL:US30Long
by Trade_Simple_FX
Potential bullish reversal?AUD/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6586 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 0.6530 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Take profit: 0.6646 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
Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3000 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3071 Why we like it: There is a pullback resistance level. Take profit: 1.2872 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. 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 bounce for the Fiber?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.0774 Why we like it: There is an overlap support level. Stop loss: 1.0719 Why we like it: There is a pullback support level. Take profit: 1.0837 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
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support level which acts as a pullback support. Pivot: 2,511.77 1st Support: 2,399.50 1st Resistance: 2,568.32 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
XAUUSD 27/10/24Continuing from last week's analysis on gold, we are again anticipating higher prices as we enter this trading week. We don’t expect the trend to change unless there's a clear reason, such as breaking below key lows and staying bearish for an extended period, which could signal the start of potential sell-offs. However, for now, we're not considering this scenario. We have three key reference points: the primary target is another all-time high this week. Watch for price to dip below lows that hold liquidity, and then aim for the target at the all-time high. Follow the upward trend of large bank orders and look for a good entry if we see a pullback. Trade safely and stick to your risk management.
OANDA:XAUUSD
by rosshayes
EURUSD 27/10/24EUR/USD has shown a continuous downward movement this week, which aligns with the institutional trend we discussed last week. Although there was a brief push above the recent high, there is a chance for the price to move slightly higher before resuming its path. We’ve highlighted key areas of interest. One is a supply zone where we expect the price to react, potentially targeting liquidity to the left. Additionally, there is a potential reaction point at the previous high, along with a liquidity target below. Our short-term bias is bullish, but we maintain a long-term bearish outlook, as we have for the past month. Keep an eye on fundamentals, and avoid buying in this market since the overall trend is still downward. Remember to follow the "Keep It Simple" approach, and only take trades with a clear entry signal. Trade safe and always stick to your plan.
by rosshayes
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib. This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time. A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins. ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
CRYPTO:ADAUSD
by PizzaDriver
6