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Bearish reversal off 61.8% Fibonacci resistance?USD/CAD is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.4390 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.4467 Why we like it: There is a pullback resistance level. Take profit: 1.4467 Why we like it: There is a pullback 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
Bullish bounce off 50% Fibonacci support?EUR/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.0335 Why we like it: There is a pullback support that aligns with the 50% Fibonacci retracement. Stop loss: 1.0265 Why we like it: There is a pullback support level. Take profit: 1.0442 Why we like it: There is a pullback 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.
Long
by VantageMarkets
CRUDE OIL TO HIT $160?! (UPDATE):It's been a few months since I've done an update on my Crude Oil analysis, as Oil prices have been stagnant & consolidating. But in the past week & a half we've seen a huge push to the upside, with Oil now sitting at a 3 month high! Currently up 700 PIPS (10.40%) in profit from our support zone. Long term I still remain bullish from a technical standpoint. Also, we already know from a fundamental standpoint, the puppet Donald Trump will be used to worsen geopolitical situations globally, weather that's in the Middle East or with China & Russia.
TVC:USOILLong
by BA_Investments
EURUSD, swing of the year.FOREXCOM:EURUSD / 1D Hello Traders, welcome back to another market breakdown. EURUSD is showing strong bearish momentum after the dollar index DXY broke above the 2 years range. However, the price is oversold for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry. If the pullback holds and sell off confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Second resistance: Yearly lows. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Short
by BTM-LEO
12
Falling towards overlap support?WTI oil (XTI/USD) 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: 72.97 1st Support: 71.51 1st Resistance: 75.22 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:XTIUSDLong
by ICmarkets
1
Potential bullish rise?The Silver (XAG?USD) has reacted off the pivot and could potentially rise to the 1st resistance which has been identified as an overlap resistance. Pivot: 29.85 1st Support: 29.30 1st Resistance: 30.70 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:XAGUSDLong
by ICmarkets
1
Could the Bitcoin drop from here?The price is reacting off the pivot which acts as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the 1st support. Pivot: 3,718.97 1st Support: 3,524.81 1st Resistance: 3,834.79 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
Levels discussed on livestream 6th Jan 20256th January 2025 DXY: Consolidating along 108.90, could test 108.50 (61.8%) before trading higher again to 109 round number (below 108.50 could test bottom of channel) NZDUSD: Sell 0.5575 SL 30 TP 60 AUDUSD: Sell 0.6265 SL 30 TP 60 GBPUSD: Wait for reaction at 1.25 round number resistance level EURUSD: Look for rejection of 1.04, Sell 1.0315 SL 30 TP 90 USDJPY: Sell 157.65 SL 50 TP 150 EURJPY: Buy 163.55 SL 40 TP 120 GBPJPY: Sell 196.40 SL 50 TP 150 USDCHF: Look for reaction at bottom of channel 0.9060 or support level 0.9020 USDCAD: Ranging between 1.4335 and 1.4465 XAUUSD: Break 2624 to trade down to 2610 (bullish trendline)
TVC:DXY
by JinDao_Tai
2
LOE Something's cooking here...Alright guys, after I gave you VEXT the last time and a 12x within a blink of an eye, this time here another gem which is worth to be observed more. But this one is kinda tricky... We can find a hint where this coin could go in the future or probably very fast in this bullrun: On March 29th-30th 2024 the currency of the Play-And-Earn fantasy game "Legends of Elysium" (LOE) made an All-time high of $9.15 after the first private sale round to VCs and early investors before the token launched on various central exchanges (CEX) and decentral exchange (DEX) swaps. The data before April just popped up recently on Coinmarketcap, although it could've been just a candle wick for a brief moment of time. It wasn't visible before November / December 2024 when I checked. In Coingecko and in charts here on TradingView like e.g. of Gate.io, MEXC or Bitget it's also not visible. So it's probably nothing... Or is it? Well, the marketcap right now sits at around $220k and the FDV is $3.2M which is kinda promising. Reaching a $1 B marketcap could be in the cards (pun intended). The developer team is constantly updating the game and announces always news like the new Battlefield Mode which was implemented recently. Chartwise the RSI is making constant higher lows since almost a year which could indicate a massive bullish divergence on the daily and weekly. Furthermore LOE is forming a double bottom since October which also could be an indicator for incoming of new buyers and the stability of the coin. So who wants to bet this thing will pop off?
GATEIO:LOEUSDTLong
by PizzaDriver
NZDUSD to find sellers at current resistance?NZDUSD - 24h expiry Price action looks to be forming a top. An Evening Star formation has been posted at the high. This is negative for sentiment and the downtrend has potential to return. We look for a temporary move higher. Further downside is expected although we prefer to sell into rallies close to the 0.5657 level. We look to Sell at 0.5657 (stop at 0.5690) Our profit targets will be 0.5587 and 0.5520 Resistance: 0.5705 / 0.5775 / 0.5850 Support: 0.5590 / 0.5520 / 0.5320 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
All things looking bullish for XRP Trump+Alt Season+Gary ResignsPattern Recognition: The chart identifies a "Flag" pattern, which is a continuation pattern indicating a pause in the uptrend before resuming. The flagpole represents the initial strong upward move, followed by consolidation within the flag pattern, and then a breakout. Ichimoku Cloud: Kijun-sen (Blue Line): This line represents the baseline and is calculated as the average of the highest high and lowest low over the past 26 periods. Tenkan-sen (Red Line) : This line is the conversion line, calculated as the average of the highest high and lowest low over the past 9 periods. Senkou Span A (Green Line) : Part of the future cloud, calculated as the average of the Tenkan-sen and Kijun-sen, plotted 26 periods ahead. Senkou Span B (Orange Line) : The other part of the future cloud, calculated as the average of the highest high and lowest low over the past 52 periods, plotted 26 periods ahead. Chikou Span (Purple Line) : The lagging line, which is the current closing price plotted 26 periods back. Cloud Interpretation: The price breaking above the cloud (Kumo) is generally a bullish signal. The cloud represents support and resistance levels. If the price is above the cloud, it indicates a bullish trend. If it's within the cloud, it's a consolidation phase, and if below, it's bearish. Breakout: The price has broken out of the flag pattern upwards, which is confirmed by the breakout label. This breakout should be viewed in the context of the Ichimoku cloud. Volume Analysis: Volume spikes during the breakout phase can confirm the strength of the move. High volume on the breakout specifically on the Daily chart suggests strong buying interest. Tenkan-sen and Kijun-sen: When Tenkan-sen crosses above Kijun-sen, it's a bullish signal (golden cross). Conversely, a cross below is bearish (death cross). Technical Analysis Summary: Trend: The overall trend appears bullish, with the price breaking out of a flag pattern and moving above the Ichimoku cloud. This suggests strong momentum. Ichimoku Signals: Bullish Signals: The price above the cloud, Tenkan-sen above Kijun-sen, and Chikou Span above past price action suggest bullish momentum. Resistance and Support: The cloud now acts as a dynamic support level. If the price dips into the cloud, it might find support there. Potential Targets: Using the flag pattern's flagpole length for projection, the price could aim for higher levels. However, the Ichimoku system doesn't provide exact price targets but guides on trend direction and momentum. Risks: A failure to sustain above the cloud could lead to a pullback into the cloud or even below, indicating a potential trend reversal or correction. Strategy: Entry: For traders using Ichimoku, entering on a bullish breakout above the cloud with additional confirmation from other indicators (like volume) could be considered. Alternatively, waiting for a pullback to the cloud or Kijun-sen for a safer entry might be prudent. Stop Loss: Placing a stop loss below the cloud or significant support levels within the flag pattern can manage risk. Take Profit: This could be based on the projected move from the flagpole or where the price encounters next resistance, possibly where the future cloud might be. More or less it depends very much on ones own strategy. Conclusion: The chart with the Ichimoku indicator suggests a strong bullish outlook for XRP/USD, with the price currently above the cloud and a breakout from a flag pattern. However, traders should watch for potential pullbacks to key Ichimoku levels for optimal entry points and risk management. Always consider broader market conditions and any news or events that might impact cryptocurrency prices.
Long
by cryptotalk_et
1
GBPUSD, swing of the year. FOREXCOM:GBPUSD / 1D Hello Traders, welcome back to another market breakdown. FOREXCOM:GBPUSD is showing strong bearish momentum after the dollar index TVC:DXY broke above the 2 years range. However, the price is oversold for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry. If the pullback holds and sell off confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Second resistance: Yearly lows. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Short
by BTM-LEO
7
GOLD (XAUUSD) ANALYSISFrom the updated chart, here's a refined **analysis and target projection**: --- ### **Analysis**: 1. **Current Price**: - Gold is trading around **2645.59**, showing a bullish attempt to break above recent resistance levels. 2. **Demand Zone**: - A possible higher low (HL) formation is near the **2620–2630 zone**, indicating strong buyer interest. If this level holds, the price may continue its upward movement. 3. **Resistance Areas**: - The next immediate resistance zone lies between **2650–2660**, where a minor supply zone exists. - If this zone breaks, the price may target the next significant supply level around **2680–2700**, as suggested by the higher green zone. 4. **Bullish Continuation**: - The drawn purple arrow indicates a potential retracement into the support zone, likely around **2635–2640**, before continuing the bullish trend. - The market structure remains bullish, with higher highs (HH) and higher lows (HL). --- ### **Targets**: 1. **First Target (Short-Term)**: **2650–2660** - A logical level for partial profit-taking or initial resistance. 2. **Second Target (Mid-Term)**: **2680–2700** - A higher supply zone, with the potential to act as a significant resistance level. --- ### **Invalidation**: - A break below **2620** would invalidate the bullish setup and could lead to further downside toward **2600 or lower**.
CAPITALCOM:GOLDLong
by TRADE_CENTER_1
EURUSD Short-term buying activity spotted.The EURUSD pair has been under heavy selling pressure for the whole December but despite the red candle, it closed last week on a long wick and opened today on a green note. The weekly closing managed to make it inside the 2-year Megaphone pattern. At the same time, the 1W RSI is making a Double Bottom and that resembles the August 06 2018 candle, which was also a medium-term bottom after a multi-month decline. The rebound that followed peaked a little below the 1W MA50 (blue trend-line) and Resistance. As a result, we are bullish on this pair, at least on the medium-term, targeting 1.0600 (just below the Resistance level). ------------------------------------------------------------------------------- ** 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
Bullish rise off pullback support?USD/JPY has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which lines up with the 138.2% Fibonacci extension. Pivot: 156.12 1st Support: 153.39 1st Resistance: 160.24 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
4
Falling towards pullback support?WTI oil (XTI/USD) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 72.40 1st Support: 70.06 1st Resistance: 76.55 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:XTIUSDLong
by ICmarkets
1
Potential bullish rise?Ethereum (ETH/USD) has reacted off the pivot which has been identified as an overlap resistance and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 3,834.51 1st Support: 3,255.58 1st Resistance: 3,834.51 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:ETHUSDLong
by ICmarkets
Could the Bitcoin reverse from here?The price is rising towards the pivot which aligns with the 61.8% Fibonacci retracement and could reverse to the pullback support. Pivot: 101,945.49 1st Support: 91,763.50 1st Resistance: 108,400.14 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
XAUUSD 6/1/25Coming into this week, we maintain a bullish bias on gold. Last week, we experienced a short-term shift to bearish, which was expected as we mentioned before the new year. Currently, we are focusing on the cluster of lows at the base of our most recent range. This is the area we are targeting for potential long trades this week. Orion is indicating that we need to align with the long bias, so we will follow this direction and monitor targets and entries accordingly. Note that we currently have only two targets above. If the market creates another high before dropping into the mentioned lows, we may have more than two targets to work with, requiring us to trade within those areas. Be mindful of the current structure. As mentioned in the EU analysis, we may form short-term lows to play off, which could make the lower areas less likely for the week’s initial move. As always, we wait for a low to be reached, then analyse the entry timeframe to determine if there’s an opportunity to participate. Trade safely and stick to your plan.
FX:XAUUSD
by PipSurfingSociety