Get started

Forex

SILVER Is Going Down! Short! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 32.267. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 30.865 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1
EURJPY Will Go Higher From Support! Buy! Take a look at our analysis for EURJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 156.763. Taking into consideration the structure & trend analysis, I believe that the market will reach 158.582 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Analyzing the Australian Dollar: A Bearish Outlook for AUD/USDRecent developments in the Australian economy, particularly the Reserve Bank of Australia’s (RBA) decision to trim its policy rate by 25 basis points to 4.10%, have sparked discussions among traders and analysts regarding the future trajectory of the Australian Dollar (AUD), especially in relation to the US Dollar (USD). This move, while anticipated, has implications that could shape market sentiment in the coming weeks. RBA Rate Decision: Implications for AUD The RBA's decision to cut the interest rate signals a cautious stance towards Australia's economic conditions. Although the RBA specified that this rate reduction should not be interpreted as the onset of a broader easing cycle, the act of lowering rates typically suggests underlying concerns about economic growth and inflation. Lower interest rates can diminish the attractiveness of a currency, as they often lead to lower yields on assets denominated in that currency. In the current environment, where other central banks may be maintaining or raising rates to combat inflation, the RBA’s rate cut could position the AUD unfavorably against its peers. Traders may interpret this move as a reflection of economic weakness, prompting a more bearish sentiment toward the AUD in the forex market. Technical Analysis: AUD/USD Supply Area and COT Report Recent technical analysis indicates that the AUD/USD pair has triggered a supply area, aligning with insights from the Commitments of Traders (COT) report. The COT report illustrates that retail traders are predominantly holding long positions on the AUD, suggesting a potential mismatch between retail sentiment and market dynamics. When retail traders are heavily long, it can sometimes signal exhaustion in upward momentum, setting the stage for a bearish reversal. Furthermore, forecasting models indicate the possibility of an emerging bearish trend for the AUD/USD pair. Given these elements confluence—the RBA’s rate cut, the transition into a supply area on the charts, and the current positioning of traders—the market may be primed for a bearish impulse. In conclusion, the AUD appears to be facing headwinds in the near term. The recent rate cut by the RBA, coupled with retail traders’ long positions and our forecasting indicators suggesting potential bearish momentum, paints a challenging picture for the Australian Dollar. Traders should remain vigilant and prepared to act on signals that suggest a continuation of this bearish trend. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
7
Bullish bounce?The Aussie (AUD/USD) is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 0.6323 1st Support: 0.6260 1st Resistance: 0.6402 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
3
Could the Kiwi bounce from here?The price is falling towards the pivot which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 0.5693 1st Support: 0.5663 1st Resistance: 0.5744 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 50% Fibonacci resistance?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 190.68 1st Support: 187.74 1st Resistance: 193.06 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
Potential bullish rebound?EUR/JPY is reacting off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement. Pivot: `155.94 1st Support: 153.99 1st Resistance: 158.57 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 drop?EUR/GBP is rising towards the pivot and could drop to the 1st support. Pivot: 0.83138 1st Support: 0.82638 1st Resistance: 0.83575 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
Gold buy target This chart represents a trade setup for Gold Spot (XAU/USD) on a 2-hour timeframe using technical analysis. The analysis includes key trading levels: Entry Point (Yellow - 2,938.690): The planned entry price for a buy (long) position. Stop Loss (Red - 2,927.485): The price level to limit losses if the trade goes against the trader’s expectation. If the price drops to this level, the position will be automatically closed to prevent further losses. Target (Blue - 2,962.046): The price level where the trader aims to take profit. If the price reaches this level, the position will be closed to secure gains. Analysis & Strategy: The setup anticipates a bullish move, expecting the price to rise from the entry level to the target. The stop loss is placed below a support zone to minimize downside risk. If the price respects support and bounces, the trade aims to capture a significant upward move toward the target price. The risk-to-reward ratio appears favorable, meaning potential profits outweigh the risk taken. This setup follows a technical breakout or reversal strategy, aiming to capitalize on a potential price increase in gold.
OANDA:XAUUSDShort
by MARK_STEVAN
1
Gold will touch $3000In a comment to Kitco News, Chris Mancini - Portfolio Manager of Gabelli Gold Fund (GOLDX) - said that Western investors are pouring into gold ETFs to hedge against economic or inflation risks due to the impact of tariffs. He also emphasized that investment demand still has room to continue to increase. "Gold is acting as a hedge against the devaluation of the USD and other currencies," he said. “Tariff measures could accelerate this process as global commodity prices rise. In addition, if global central banks (including the US Federal Reserve - FED) reduce interest rates or pump money to combat economic weakness, prices will tend to increase, making gold more attractive to investors. "The buyers still show no signs of slowing down and this week continues to be a strong candle on the weekly chart. I think there is a high possibility that gold will reach the 3,000 USD/ounce mark in the near future, but there can also be big fluctuations around that level."
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold price analysis February 24⭐️Fundamental Analysis The uncertainty surrounding former US President Donald Trump's tariff policy and global economic risks continue to strengthen gold's role as a safe-haven asset. In addition, geopolitical tensions and pessimistic sentiment towards the US Dollar (USD) also contributed to supporting gold prices. However, expectations that the US Federal Reserve (Fed) will maintain high interest rates to control inflation have limited the upside of this precious metal. Investors are now focused on the US Personal Consumption Expenditures Price Index (PCE) report on Friday, important data that could influence the Fed's interest rate policy, impact the USD and the next trend of gold prices. ⭐️Technical Analysis Gold is currently relatively difficult to trade and pay attention to the Gold range around 2953 and 2906. A relatively wide range. The further range of 2978 and 2873 will be noticed this week. In the end of the H4 candlestick session, it closed above 2941. Gold will soon have a price of 2953. On the contrary, when gold closes below 2933, we can wait for a retest around 2938-2940 to SELL. TP Gold is still around 2923. If we break this area, pay attention to 2906. Wish you a successful trading day.
OANDA:XAUUSD
by TVS-Trader
2
AUD/JPY: Counter-trend bull flag in focusI have outlined my bearish case for AUD/JPY for the year in prior articles and videos, but today I want to look at a potential countertrend setup. A bull flag is forming on the daily chart. Usually I'd prefer to see such patterns during a strong uptrend as a continuation pattern. But given we saw a false break of an elongated bullish pinbar and sharp reversal higher, I suspect there is at least one more leg higher brewing for AUD/JPY. And because this is counter trend to my core bearish bias, I am not seeking the usual flag projection target, and instead will be happy with a more conservative reward if successful. Prices are holding above the 10-day ERMA and weekly pivot point, but bulls could also seek dips towards the high-volume node (HVN) at 95.11 or around the 98 handle. Bulls could target the 97 handle, with a break above 97.20 brining the weekly R1 into focus just below 98. Matt Simpson, Market Analyst at City Index and Forex.com
Long
by CityIndex
NZDUSD in a sequence of higher lows and highs.NZDUSD - 24h expiry Trend line support is located at 0.5725. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.5775 will confirm the bullish momentum. We look to Buy at 0.5725 (stop at 0.5695) Our profit targets will be 0.5800 and 0.5825 Resistance: 0.5775 / 0.5800 / 0.5825 Support: 0.5725 / 0.5700 / 0.5675 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.
Long
by OANDA
GBPJPY: Channel Down on its new bullish wave.GBPJPY is bearish on its 1D technical outlook (RSI = 41.292, MACD = -0.960, ADX = 36.514) as since the February 13th LH and rejection near the 1D MA50, it was been on its new bearish wave. The 1D RSI doesn't give a buy signal until it hits its S1 Zone, so we remain bearish on this pair with a typical TP = 185.500, unless the RSI hits S1 first, in which case you'll be encouraged to take profit earlier. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope