Key Levels for EURUSDOn Friday, EURUSD bounced off 1,0400 following the news.
If the price rises again, the levels from the news event will act as important resistance.
A breakout above these levels would confirm further upside movement.
This week, the key news event is on Wednesday, when U.S. inflation data will be released.
There aren't any good trading opportunities at current price levels.
USD
Potential bearish drop?The Bitcoin (BTC/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 97,706.94
1st Support: 91,311.03
1st Resistance: 101,849.75
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.
Bullish continuation?USD/CHF has bounced off the pivot and could rise from this level to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.9037
1st Support: 0.8918
1st Resistance: 0.9248
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.
Bearish reversal?The Aussie (AUD/USD) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 0.6304
1st Support: 0.6098
1st Resistance: 0.6393
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.
Could the price drop from here?WTI Oil (XTI/USD) is rising towards the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 72.97
1st Support: 69.54
1st Resistance: 75.99
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.
Bearish reversal off 61.8% Fibonacci resistance?The Silver (XAG/USD) is reacting off the pivot which is a pullback resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 32.55
1st Support: 29.97
1st Resistance: 34.87
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.
China - U.S. Tariff Trade War!🩸China has slapped the U.S. with 10% tariffs on Energy products & automobiles as a retaliation🩸
China’s tariffs on U.S. energy & cars will hurt American exporters by reducing demand & pushing down prices, affecting profitability. Energy producers may struggle with oversupply, while automakers like Tesla and Ford face declining sales in China.
The move escalates U.S.-China trade tensions, discouraging investment and increasing market volatility. While lower energy prices could help inflation, job losses in key industries may offset any benefits.
U.S. policymakers might respond with countermeasures. If tensions rise further, a broader trade conflict could emerge, increasing risks for the global economy.
XAUUSD 9/2/25XAU is running bullish for the sixth consecutive week. We called for a new all-time high last week and the week before. If new highs form, we will shift our attention to them, but as it stands, we are anticipating another all-time high. Gold is being driven by fundamentals as well as a strong potential for gains based on past performance.
We now look to Orion for the daily bias, and as expected, it remains bullish. Based on this, we have key lows marked on our chart, with the third being a high-volume low. From our understanding, we expect a counter-trend move to start the week before continuing with more long positions. If price reaches our lower areas, we will look for the correct entry to follow through on these moves.
Trade your plan and manage your risk. Always follow Orion.
EURUSD 9/02/25Another week is her and we are back with our Sunday markups to start the week off with a clear idea of what we want to see and what we want to trade, as you can see our Orion system is telling us price is most likely running bullish, unless Orion changes we will follow the bias! now of course we know that the big money player are driving the price higher but we have a clear area that we want price to reach which will allow us to follow these big movers, these areas are below price which mean we have to have a counter bias move to be able to get into that long shift. so always keep in mind for us to follow long we must first have shorts in play, big money cant get entries without causing a counter move first. our main interest is for the high volume lows that are narked in gold dotted lines to be ran and then the highs marked above to be taken out, this would in turn give us our long move that is currently in our bias.
Trade safe, follow your risk profile and trade your rules.
Bearish reversal?USD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 71% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9138
Why we like it:
There is a pullback resistance that lines up with the 71% Fibonacci retracement.
Stop loss: 0.9200
Why we like it:
There is a pullback resistance level.
Take profit: 0.9062
Why we like it:
There is a pullback support level.
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Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement an could drop from this level to our tke profit.
Entry: 1.0354
Why we like it:
There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement.
Stop loss: 1.0420
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 1.0263
Why we like it:
There is a pullback support level that line sup with the 78.6% 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.
Gold NEW ATH to $2,912?! (1H UPDATE)4H chart has hit our resistance zone & rejected. But, on the smaller TF we're currently seeing a re-distribution schematic play out on Gold ahead of its sell off which means we MIGHT see 1 more new ATH. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high.
This sell off schematic normally builds up within a 'Flat Correction' channel, which traps in early sellers & late buyers into the market. This is why it's a hard pattern to recognise.
⭕️POI 1: $2,857 - $2,848
⭕️POI 2: $2,826 - $2,817
GBPUSD (2H) - Short-Term ConsolidationFX:GBPUSD
📶 Technical Analysis:
Weekly Chart:
🟡 The price has been in a bearish trend since September 2024, with current levels near a strong support zone around 1.2100.
Daily Chart:
🟢 The bearish trend is confirmed by moving averages (MAs) and the formation of lower lows and lower highs. After testing the weekly support at 1.2100, a correction has occurred.
🟢 The price has double-tested a strong resistance level around 1.2500.
4-Hour Chart:
🟡 After strong bearish momentum at the start of 2025, the market has shifted into a bullish trend, but it is now in a neutral consolidation range between 1.2500 resistance and 1.2380 support.
🟡 There was a fake break of support caused by Trump's tariff policy.
2-Hour Chart:
🟠 A clear neutral formation has emerged, with high volatility since the beginning of February.
🔤 Summary:
🔴 Break above 1.2500: Could signal the start of bullish momentum.
🟢 Break below 1.2380: Could signal a shift to bearish momentum.
🟡 Until then, the price is likely to remain in a neutral zone.
🟡 Fundamental analysis is mandatory to understand the driving factors behind this pair. Watch the market expectations and economic indicators closely.
🟡 I am watching for clear technical formations and signals in the near future, mainly oriented for a short position if a clear opportunity arises.
EURO - Price can bounce up from triangle to $1.0430 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price rose to the resistance area, after which it dropped to support area inside wedge.
Euro turned around and started to grow near support line of wedge and later it reached $1.0390 level and broke it.
Next, price rose to resistance line of wedge and then made a correction movement to $1.0390 level and exited from wedge.
After this, price broke $1.0390 level and made a strong gap, after which it started to grow inside a triangle.
In this pattern, Euro rose to resistance line, some time traded near, and then in a short time fell back to support line.
In my mind, Euro can bounce up from support line to $1.0430, exiting from a triangle and breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD 10-14 Feb 2025 W7 - Weekly Analysis - US CPI/PPI/PowellThis is my Weekly analysis on EURUSD for 10-14 Feb 2025 W7 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Weekly Chart Analysis
Daily Chart Analysis
4H Chart Analysis
Economic Events for the Week
Market Sentiment
Mixed Labor Market Signals
The February 7 NFP report showed 143K new jobs (below expectations of 170K), signaling potential cooling in the labor market. However, strong wage growth (0.5% MoM, 4.1% YoY) and a 4% unemployment rate (down from 4.1%) suggest lingering inflationary pressures.
Markets may interpret this as a "Goldilocks" scenario: cooling job growth could delay Fed rate hikes, but elevated wage inflation keeps stagflation risks alive.
Tariff Volatility and Trade Uncertainty
Trump’s tariffs (10% on China, delayed 25% on Canada/Mexico) dominate market psychology. While tariffs are a negotiation tool, their sudden implementation and reversal create uncertainty. For example:
Automotive and energy sectors face direct risks due to integrated North American supply chains.
Consumer goods (e.g., electronics, produce) may see price hikes, amplifying inflation fears.
Retaliatory measures from China add to global trade tensions.
Week major news events
Fed’s Powell testifies
ECB Lagarde Speech
US CPI, PPI and Retail Sales
EU GDP
Given the forecasts and the recent NFP report showing slower job growth, market sentiment could be cautious. If the CPI and PPI readings come in higher than expected, it could reinforce concerns about inflation and lead to USD Strength. Investors might seek safe-haven assets.
Conversely, if the CPI and PPI readings are in line with or lower than expectations, it could provide some relief to the markets and support a more positive sentiment which will lead to Weaker USD.
Weekly Chart Analysis
1️⃣
🔹Swing Bearish
🔹Internal Bearish
🔹In Swing Discount
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS)
3️⃣
🔹After the bearish iBOS we expect a pullback, price tapped into Monthly Demand and the liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase.
🔹Price made a bullish CHoCH which indicated that the liquidity was enough as per previous week analysis to initiate a pullback phase for the bearish iBOS.
🔹Price pulled back after the Bullish CHoCH to the Weekly Demand formed and showed reaction after a volatile week.
🔹Price still looking bearish to target the Weak INT low to target the Weekly unmitigated demand. Ultimately targeting the Swing Weak Low.
🔹Noticing that the Bearish INT Low didn’t pullback to at least the INT Structure EQ (50%) so there is a chance that price could hold the current Weekly Demand to fulfil the i-BOS pullback phase which will require MTF to confirm this scenario.
🔹Expectation is set to Bearish continuation targeting the Weak INT Low and the unmitigated Weekly Demand.
Daily Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹Following the Bearish Swing BOS, INT Structure continuing bearish tapping the weekly demand zone.
3️⃣
🔹After the failure to close below the Weak INT Low, price continued bullish sweeping the liquidity above Dec 30 and mitigating a Daily supply zone within the INT Structure Premium Zone.
🔹With the mitigation of the Daily supply, price created a Bearish CHoCH signaling the end of the Pullback Phase of the INT structure and the start of the Bearish move targeting the Weak INT Low.
🔹Price failed for the 2nd time to close below the Weak INT Low after mitigating the Daily Demand formed from the failure to close below the Weak INT Low which triggered aggressive Bullish reaction and mitigating the Daily Supply Zone formed from the recent Bearish CHoCH.
🔹After Supply mitigation, price continued Bearish following the Bearish INT Structure continuation phase.
🔹Expectations is price to continue Bearish to target the Weak INT Low and hopefully we get a confirmed close which is fulfilling the Weekly target of continuing Bearish.
🔹Notice that if the Daily formed a Bullish CHoCH (Currently above the recent mitigated Supply) this will shift my outlook to the Weekly Scenario of a deep pullback of the Weekly INT Structure to at least the Structure EQ (50%). MTF required to shift Bullish to confirm.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Reached Swing Extreme Demand
🔹Swing Continuation
2️⃣
🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH.
🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios:
Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal)
Scenario 2: Bullish Swing continuation to target the Weak Swing High. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal)
3️⃣
🔹Expectations is set to Bearish to target the Weak INT Low as long LTFs are staying Bearish.
Economic Events for the Week
EURUSD: Bearish Outlook Explained 🇪🇺🇺🇸
It feels like EURUSD may continue falling,
following a strong bearish reaction to the underlined
key daily/intraday resistance.
A breakout of a neckline of a double top pattern on a 4H
give a strong bearish confirmation.
Next support - 1.0295
❤️Please, support my work with like, thank you!❤️
USDCAD - Is History Repeating Itself?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish , trading within the rising wedge pattern marked in blue.
Today, USDCAD broke above its previous major high (marked in red).
🏹 As it retests this previous high, it will also intersect with the lower blue trendline, which acts as a dynamic support level.
📚 According to my trading style:
As #USDCAD approaches the red zone, I'll be watching for bullish reversal setups—such as a double bottom pattern, a trendline break, and more.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
LTC - Dino coin will make itHey,
I believe we're nearing the bottom for LTC in this cycle, setting up for the next major move higher.
It might take some time to play out, but I expect to see momentum picking up in Q2/Q3.
LTC is a dinosaur token—one that doesn’t get much love anymore—but I still see it reaching $300+ within the next 6 to 12 months.
USD JPY Monthly Prospective Analysis up to 2060 (updated)This is the idea combined with elliott wave theory(I forgot to mention in the previous upload, but, in my chart, the number 2 wave corresponds to the 3 in the elliott and the 3 to the 5. The number 1 wave is the same as the 1 in the elliott). Up to 2027 the trend is down, bounced at around 85 and then going up all the way to reach around 170 (maybe does not reach 200 yen this time, that would be accomplished more than about 50 years later). Hope to live long to see if its correct!
Gold ATH to $2,912?!We are currently seeing a re-distribution schematic play out on Gold ahead of its sell off. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high. This sell off schematic normally builds up within a 'Flat Correction' channel which traps in early sellers and lead buyers. This is why it is a hard pattern to recognise.