Hellena | EUR/USD (4H): LONG to the resistance area 1.15691.Colleagues, I believe that wave “5” of higher order has actively started an upward movement.
At the moment I see movement in wave “1” of medium order and it means that a correction in wave “2” to the area of 50% Fibonacci level (1.12434) is expected. But I would still advise to consider only upward movement and use pending limit orders.
I see the maximum of wave “3” - resistance area 1.15691 as the target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Forex
AUDUSD Will Explode! BUY!
My dear followers,
I analysed this chart on AUDUSD and concluded the following:
The market is trading on 0.6420 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6455
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard XAUUSD PLAN – Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard
After a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.
🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUS
Trade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.
The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.
Dollar Index (DXY) remains range-bound, offering no clear direction.
Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.
📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACT
Gold is respecting a downward sloping channel on the H1 timeframe.
Price failed to hold above EMA 200, reinforcing bearish bias.
EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.
Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.
🔑 KEY PRICE LEVELS TO WATCH
🔴 SELL ZONE: 3322 – 3324
Stop-Loss: 3328
Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280
🟢 BUY ZONE: 3266 – 3264
Stop-Loss: 3260
Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300
⚡ BONUS SCALP SETUPS
Support Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)
Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.
📌 STRATEGY NOTES
Priority: Short-term sell bias unless price reclaims 3310 with momentum.
Avoid trading in the mid-range; wait for price to reach key reaction zones.
Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.
GOLD eases, fundamental support and technical momentumOANDA:XAUUSD fell in early Asian trading on May 30 after Thursday's gains, although it still had room to rise as weak US initial jobless claims data weighed on the US dollar and Trump's tariffs faced more uncertainty.
Gold recovered from a weekly low of $3,245 an ounce on Thursday to break above the $3,300 an ounce mark as weak US initial jobless claims data weighed on the US dollar.
As of press time, gold had fallen below the full price of $3,300, down $23 on the day and around 0.69% .
The number of Americans filing new claims for unemployment benefits rose more than expected last week, adding to pressure on the Federal Reserve to consider cutting interest rates.
Data released on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week, exceeding market expectations. The data showed initial jobless claims in the United States rose by 14,000 to 240,000 in the week ended May 24, compared with estimates of 230,000.
According to the minutes of the Federal Reserve's May 6-7 meeting, policymakers acknowledged that they could face "difficult trade-offs" in the coming months, as both inflation and unemployment rise, raising the risk of a recession. Since gold does not yield interest, it typically performs well in low-interest-rate environments.
Trump Tariff Ruling Overturned
A U.S. trade court ruled on Wednesday that the president lacked the authority to impose tariffs, blocking most of Trump's tariffs, but on Thursday a federal appeals court agreed to the Trump administration's request to suspend the court's ruling.
The U.S. government's request for an immediate administrative stay was granted, and the rulings and permanent injunctions issued by the U.S. Court of International Trade in these cases will be temporarily suspended until further notice while the court reviews the relevant motion documents, the Court of Appeals for the Federal Circuit said in its ruling.
Investors will focus on the US personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, on Friday. Gold is seen as a hedge against inflation during times of economic uncertainty, and higher-than-expected PCE data would benefit the US dollar and reduce the appeal of gold, leading to a possible decline in prices. The opposite effect would be seen if PCE data were lower than expected, which would increase the likelihood of an early rate cut by the Fed, leading to a depreciation of the dollar and gold benefiting from expectations of a low-interest rate environment.
Technical outlook for OANDA:XAUUSD
On the daily chart, gold is down but currently the downside momentum has been limited by the initial support area which is the confluence of EMA21 with Fibonacci retracement 0.382%, this support area has been noted by readers in the publications since the beginning of this trading week.
Temporarily, gold does not have enough technical conditions to be able to increase in price in the short term, because it is still under pressure from the price channel. However, in terms of the overall and long-term trend, gold still has a main trend of increasing price, a trend noted by the price channel.
In terms of momentum, the Relative Strength Index (RSI) is still holding above 50, with the current RSI position at 50 being considered as the nearest support in terms of momentum.
A sustained price action above the 3,300ISD price point would be considered a positive signal, while a break above the channel would qualify the bulls for a short-term target of 3,371USD.
For the day, the technical outlook for gold is bullish and the key points to watch are listed below.
Support: 3,292USD – 3,250USD
Resistance: 3,371USD
SELL XAUUSD PRICE 3342 - 3340⚡️
↠↠ Stop Loss 3346
→Take Profit 1 3334
↨
→Take Profit 2 3328
BUY XAUUSD PRICE 3203 - 3205⚡️
↠↠ Stop Loss 3199
→Take Profit 1 3211
↨
→Take Profit 2 3217
EURUSD – Bullish trend at risk amid PCE and technical pressureEURUSD has just reached the 1.13860 resistance zone – a confluence with the previous peak and former supply area. A weak rebound and a rounding top pattern are gradually forming, indicating weakening buying momentum. The 34 and 89 EMAs on the H4 chart add further pressure from a technical perspective.
If the price continues to be rejected at 1.13860, it may drop toward 1.12670 – which aligns with the ascending trendline support. A break below this level would confirm a clearer bearish trend.
The upcoming Core PCE data is forecasted to rise – indicating inflation remains elevated. This raises the likelihood that the Fed will maintain high interest rates for longer, supporting the USD and weighing on EURUSD.
Market next move Disruption of the Current Analysis:
1. False Breakout Risk:
The price is consolidating under a clearly marked resistance, but there’s no confirmation of a breakout yet.
The bullish arrows (prediction path) assume a breakout without waiting for a confirmed close above resistance, which is premature.
2. Low Momentum Candles:
The recent candles are small-bodied with wicks on both sides — signs of indecision.
No strong bullish momentum candle exists to support the projection.
3. Volume Mismatch:
Volume spiked recently, but the candle was red — this could indicate supply absorption or selling into strength, not accumulation.
A bullish scenario would require increasing volume on green candles breaking resistance.
4. Bearish Trend Context Ignored:
The chart shows a clear preceding downtrend, and what follows could simply be a bearish flag or dead cat bounce.
Marking this as the beginning of a bullish reversal overlooks the overall bearish context.
Gold Price Analysis May 30Candle D shows strong buying power on Thursday, most likely today Asia and Europe will decrease and the US session will return to the uptrend.
The bearish wave structure is heading towards 3280. This zone can be bought in Asia and Europe. In the US session, wait for the price reaction to break this zone, limit buying until the bottom of 3254.
Break 3254 confirms the downtrend and heads towards the two support zones 3238 and 3211
When the support zones bounce up, a nice bullish wave is formed and do not SELL Scalp until the 3320 zone. If you break, keep the BUY order up to 3343.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.554 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Falling towards 61.8% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot, which serves as pullback support and could bounce to the 1st resistance, which acts as pullback resistance.
Pivot: 1.3315
1st Support: 1.3159
1st Resistance: 1.3586
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 bounce from here?USD/JPY is falling towards the pivot and could bounce to the 1st resistance, which acts as a pullback resistance.
Pivot: 143.25
1st Support: 141.80
1st Resistance: 145.97
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.
GOLD Will Go Up! Long!
Take a look at our analysis for GOLD.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 3,295.78.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3,310.58 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USD_CHF WILL GROW|LONG|
✅USD_CHF is falling down
And will soon retest
A horizontal demand level of 0.8190
So I think that we will see a rebound
And a move up from the level
Towards the target above at 0.8253
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD Is Bearish! Short!
Here is our detailed technical review for GBPUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.347.
The above observations make me that the market will inevitably achieve 1.325 level.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR/CHF BULLISH BIAS RIGHT NOW| LONG
EUR/CHF SIGNAL
Trade Direction: long
Entry Level: 0.933
Target Level: 0.936
Stop Loss: 0.931
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EURGBP Megaphone bottom. Strong buy opportunity.The EURGBP pair is trading within a Bullish Megaphone since the start of the year. For the past 2 weeks it has been ranging within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line).
This is technically the bottom formation of the pattern on its new Higher Low, as the 1D RSI has been printing the same sequence as February's which priced the previous Higher Low.
We are expecting at least a Resistance 1 test at 0.87400.
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Falling towards pullback support?US Dollar index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 98.89
1st Support: 97.98
1st Resistance: 100.09
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.
EURUSD Will Move Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.133.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.124 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Bearish drop off overlap resistance?The Loonie (USD/CAD) is rising towards the pivot, which has been identified as an overlap resistance and could drop to the 50% Fibonacci support.
Pivot: 1.3861
1st Support: 1.3767
1st Resistance: 1.3912
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.
GBPAUD: Short Trading Opportunity
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 2.1007
Stop - 2.1088
Take - 2.0850
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURGBPEURGBP price is near the support zone 0.83605-0.83262. If the price cannot break through the 0.83262 level, it is expected that in the short term there is a chance that the price will rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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AUDJPY Will Go Lower! Short!
Please, check our technical outlook for AUDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 93.565.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 92.996 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURNZDHello Traders! 👋
What are your thoughts on EURNZD?
The EURNZD pair is currently trading below a key resistance zone, showing signs of hesitation near this level.
We expect the price to consolidate briefly within this area, and then decline toward the specified support level if the resistance holds.
As long as the pair remains below resistance, the bearish bias remains intact, and a move lower is likely.
Don’t forget to like and share your thoughts in the comments! ❤️
AUDCAD On The Rise! BUY!
My dear followers,
I analysed this chart on AUDCAD and concluded the following:
The market is trading on 0.8864 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8903
Safe Stop Loss - 0.8843
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK