Market next move Current Analysis Summary:
Bullish Outlook: The chart suggests a bullish trend after price moves above a marked support area.
Price Scenarios:
Red arrow: Pullback to support.
Blue arrow: Bounce back upward.
Yellow arrow: Continuation of the bullish trend.
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Disruption of the Analysis:
1. False Breakout Risk:
The move above the support zone might be a false breakout. Volume does not appear significantly increased during the breakout, which is typically needed to confirm real breakout momentum.
2. Volume Confirmation Lacking:
Although some volume is present, the breakout does not show a clear volume spike to validate strong buying interest, which challenges the bullish bias.
3. Resistance Overhead Ignored:
No mention of overhead resistance. The price may face selling pressure near 1.35000, a likely psychological and technical resistance area.
4. Over-reliance on Simple Support Zone:
The support zone is too narrowly defined. If the price dips below it slightly, it could still be a healthy retest, not a reversal, which the red arrow path implies prematurely.
Forex
Bearish drop off pullback resistance?GBP/JPY is rising towards the pivot and could drop to the 1st support, which is a pullback support.
Pivot: 193.76
1st Support: 191.56
1st Resistance: 194.80
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 momentum to extend?The Gold (XAU/USD) has bounced off the pivot which has been identiifed as a pullback support and xcould rise to the 1st resistance.
Pivot: 3,287.49
1st Support: 3,211.03
1st Resistance: 3,413.48
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 drop?USD/JPY is rising towards the pivot and could reverse to the pullback support.
Pivot: 145.18
1st Support: 142.56
1st Resistance: 146.70
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.
Bearish reversal for the Swissie?The price is rising towards the pivot, which acts as an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse to the 1st support, which is also an overlap support.
Pivot: 0.8334
1st Support: 0.8214
1st Resistance: 0.8410
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.
Heading into overlap resistance?The Kiwi (NZD/USD) is rising towards the pivot, which is overlap resistance, and could reverse to the 1st support.
Pivot: 0.5930
1st Support: 0.5893
1st Resistance: 0.5951
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 bounce off pullback support?The Cable (GBP/USD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.3395
1st Support: 1.3317
1st Resistance: 1.3565
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 bounce?The Fiber (EUR/USD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.1263
1st Support: 1.1166
1st Resistance: 1.1423
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.
GBPUSD at Major Resistance: Will it Drop To 1.33350?FX:GBPUSD is approaching a key resistance level that previously acted as a strong barrier, triggering some significant bearish momentum. This area could be a potential point of interest for those looking for short-selling opportunities. Given its historical importance, how price reacts here could set the tone for the next move.
If bearish signals appear, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.33350 level, which is a reasonable target in this setup. However, a clear breakout above this resistance could challenge the bearish outlook and suggest further upside. This is a key area where price action is likely to provide clearer clues about the next direction.
Just my perspective on support and resistance zones, not financial advice. Always confirm your setup and trade with proper risk management.
Market next move Original Analysis Summary:
Price has entered a support area and is expected to bounce.
Two possible bullish paths (blue & yellow arrows) suggest a continuation toward the marked target zone.
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Disruption Thesis: Bearish Reversal Setup
1. Overextended Rally Into Resistance
The move up into the “support area” is sharp and fast, suggesting it's a liquidity grab.
This zone might actually be a supply zone, where smart money is offloading.
Disruption Call: Price could stall or reverse sharply from this area due to lack of follow-through volume.
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2. Volume Profile Weakness
Volume peaked earlier in the rally and is now diminishing, which often signals buyer exhaustion.
Disruption Call: Fading bullish momentum implies a fakeout, not a breakout.
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3. False Breakout / Bull Trap
The green arrow assumes a bounce, but price may just be hovering to bait longs before dropping.
Previous swing highs near 1.1320 may act as a strong rejection point.
Disruption Call: A sudden drop below 1.1300, with a new bearish wave back to 1.1250 or lower.
Market next move Original Analysis Recap:
Support Zone marked just below the current price.
Bearish Move Expected (red arrow) from current resistance.
Bullish Bounce Expected after initial drop (blue and yellow arrows).
Target is placed lower than current price, implying expected downward movement.
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Disruption / Contrarian Thesis:
1. Fakeout to the Downside (Bear Trap)
The analysis assumes a rejection at resistance and a drop, but:
After the large red candle previously, the market may have absorbed all selling pressure.
Current consolidation shows higher lows—suggesting hidden buying.
Disruption Call: A quick dip below support (triggering stops), followed by a strong bullish reversal breaking through the resistance zone.
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2. Volume Insight Ignored
Note that recent volume spiked on green candles during recovery.
Current retracement has lower volume, suggesting it may be a pause in uptrend (not a reversal).
Disruption Call: This is accumulation, not distribution. A breakout above 33.20 could happen, aiming for 33.40 or higher.
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3. Structural Misinterpretation
The “support” identified may not be valid—it’s part of the consolidation range.
True demand zone could be deeper, around 32.90–33.00.
Market rising up Original Analysis Overview:
Support Zone: Clearly marked.
"Flying" Point: Suggests a bullish breakout.
Target: Indicates price will rise significantly.
Arrows: Imply breakout is likely to follow bullish momentum.
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Disruption / Contrarian Viewpoint:
1. False Breakout Risk
The tight consolidation just above the support line might indicate a bull trap—a false breakout intended to lure in long positions before a sharp reversal. The “flying” point might instead be a liquidity hunt.
Disruption Call: Expect price to briefly break above resistance and then drop below support, invalidating the bullish thesis.
2. Volume Divergence
Volume is not significantly increasing at the breakout point. True breakouts typically come with a volume surge.
Disruption Call: Weak volume suggests lack of conviction. Price may revert back into the range or breakdown.
3. Macro Sentiment Shift
If macroeconomic news (e.g., Fed policy, USD strength) flips bearish for gold, technical setups may get invalidated.
USDJPY – The downtrend continues, channel still leads the wayLooking at the D1 chart, USDJPY remains firmly within the descending channel that has persisted since the end of 2024. Every time the price approaches the upper boundary of the channel, selling pressure reappears – and the recent touch around the 147.012 area is no exception.
After being rejected at this strong resistance zone, the price has turned lower and is now forming a pullback structure within the prevailing trend. EMA34 and EMA89 continue to slope downward, reinforcing the bearish momentum.
If the price gets rejected again around the 145–146 region, the correction pattern may complete, opening up room for a drop toward the support zone at 142.343, or even deeper toward the channel bottom near 137.168.
In summary, the primary trend remains bearish – and the preferred strategy now is "sell on rally" when the price nears the upper resistance of the channel. Patience and watching for price action will be key.
GOLD ends 3 consecutive days of increase, still positiveOANDA:XAUUSD fell on Thursday (May 22), ending a three-day winning streak and continued to decline slightly in early Asian trading today (May 23), mainly due to a recovery in the US dollar and profit-taking by investors after gold prices hit a two-week high.
However, the outlook for gold prices remains positive due to geopolitical conflicts. Sources revealed that Israel is preparing to attack Iran's nuclear facilities if negotiations between Iran and the United States fail. Readers can review these specific news in previous editions or regular short updates.
Data released by S&P Global on Thursday showed that the preliminary reading of the U.S. manufacturing Purchasing Managers' Index (PMI) rose to 52.3 in May from 50.2 in April, beating expectations of 50.1. The preliminary U.S. services PMI rose to 52.3 in May, compared to both the previous and expected readings of 50.8. Initial jobless claims in the United States were 227,000 in the week ending May 17, down from 229,000 in the previous week and below expectations of 230,000, suggesting the labor market remains solid.
The US House of Representatives passed President Trump's "big and beautiful" tax reform proposal on Thursday. According to the Congressional Budget Office (CBO), the proposal would increase US debt by $3.8 trillion over the next decade to $36.2 trillion.
Gold is often seen as a store of value during times of political and financial uncertainty.
Technical Outlook Analysis OANDA:XAUUSD
Although gold fell yesterday, its current position still has enough conditions to increase towards the target at $3,371, which is the price point of the 0.236% Fibonacci retracement.
The nearest support to watch is the confluence of the 0.382% Fibonacci retracement with the 21-day moving average (EMA21), and even if gold falls short-term below this confluence, it can still increase with the following supports at $3,250, followed by the 0.50% Fibonacci retracement.
The relative strength index (RSI) remains above 50, which is a positive signal for the bullish momentum.
For the day, the technical outlook for gold is tilted to the upside and the points to watch are listed as follows.
Support: $3,300 – $3,292
Resistance: $3,371
SELL XAUUSD PRICE 3367 - 3365⚡️
↠↠ Stop Loss 3371
→Take Profit 1 3359
↨
→Take Profit 2 3353
BUY XAUUSD PRICE 3274 - 3276⚡️
↠↠ Stop Loss 3270
→Take Profit 1 3282
↨
→Take Profit 2 3288
Gold Price Analysis May 22The recent consecutive bullish candles have brought gold close to ATH. With the current candlestick force, gold is still not strong enough to close above 3400 today and will still encounter some selling force creating a new half wave that can push it back above 3400
The immediate barrier zone is 3344 that the Asian session needs to pay attention to. If it does not break through at the end of the session, it is possible to SELL around this area, the target will not be long because the buying force is still strong according to the main trend. In case of breaking 3344, 3360 is the next price reaction zone for the European and American sessions. The resistance at 3395 will play a key role in preventing gold from a strong slide.
On the other hand, any retest is considered a good opportunity to buy. 3322 and 3290 are the targets of SELL orders and are also buying opportunities when there is confirmation of buying force around this area.
EURUSD – Consolidation below trendline hints at breakout aheadHello traders! EURUSD is currently forming a rather interesting consolidation pattern right below the descending trendline – a level that has rejected price twice in the past.
After a mild pullback from the 1.1382 zone, price has quickly recovered and is now hovering around the EMA34 and EMA89. This is an important confluence area and is acting as short-term support around 1.1263.
If EURUSD continues to hold above this support and forms sideways accumulation, the probability of a trendline breakout will increase. In that case, the next target will likely be the previous high at 1.1382.
U.S. bond yields are fluctuating sharply, and geopolitical tensions – such as trade uncertainty or regional instability – may serve as catalysts that support the euro.
Keep an eye on the breakout zone – if price breaks out decisively, it could be a strong confirmation of a new bullish trend!
After a sudden drop, is gold "loading up" for a breakout?Hey everyone! At the start of today’s Asian session, gold is moving sideways around the $3,300 level, following yesterday’s sharp swing. Looking back, the price had climbed for three consecutive sessions earlier this week, then suddenly spiked to a two-week high of $3,345 during the Asian session on Thursday—only to quickly drop and close near $3,294.
This sharp reversal reflects the ongoing tug-of-war between a strengthening US dollar, volatile US bond yields, and unstable geopolitical factors. However, on the 4H chart, the bullish structure still holds, with price currently retesting the support zone around the EMA34.
Key price scenarios to watch:
If the support area around $3,214 holds → gold could bounce back toward the $3,345 region.
On the other hand, if $3,214 breaks → the bullish scenario will be temporarily invalidated and gold might revisit a deeper accumulation zone.
Right now, watching the price reaction around yesterday’s low is crucial—this could be the key to catching the next wave.
USD/JPY Rebounds from Support — Bulls Back in Play?USD/JPY looks like it’s found its feet. After tagging support near the April VPOC (142.71) and 6 May low (142.36), Thursday’s session printed the first bullish candle in over a week — a spinning top just above key support.
The daily RSI (2) bounced from its most oversold reading in a month, and the 1-hour chart shows bullish divergence on the RSI (14), now comfortably above 50.
Price has lifted from the monthly S2 and is circling S1. If USD/JPY can push through yesterday’s high (144.40), I’m looking toward 145, 145.86 and potentially the 146 handle, which aligns with the monthly pivot at 146.38.
** Please note that Japan's CPI data drops in ~25 mins **
Matt Simpson, Market Analyst at City Index and Forex.com
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
The medium term bias remains bearish.
Short term RSI is moving higher.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 85.25.
We look to Sell at 85.25 (stop at 85.55)
Our profit targets will be 84.20 and 84.00
Resistance: 85.25 / 85.70 / 86.10
Support: 84.60 / 84.20 / 84.00
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.
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USOIL A Fall Expected! SELL!
My dear followers,
This is my opinion on the USOIL next move:
The asset is approaching an important pivot point 61.87
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 61.38
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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