Potential bearish drop?The Kiwi (NZD/USD) has rejected off the pivot that lines up with the 127.2% Fibonacci extension and could drop to the pullback support.
Pivot: 0.5933
1st Support: 0.5893
1st Resistance: 0.5968
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.
Forex
Bullish bounce off 50% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot, which acts as pullback support and could bounce to the 1st resistance.
Pivot: 0.6426
1st Support: 0.6398
1st Resistance: 0.6468
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 for the Cable?The price is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.3323
1st Support: 1.3275
1st Resistance: 1.3402
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.
XAUUSD – Is the “Death Triangle” About to Break Down?Hey everyone, looking at the 8H chart, we can see that gold is tightening inside a narrow triangle – a sign of both consolidation and a potential major breakout coming soon. However, what's worth noting is that the price structure leans toward a bearish breakout, as gold continues to form lower highs and gets repeatedly rejected around the $3,250 resistance zone – which also aligns with the upper edge of the triangle.
Below, the long-term ascending support line is under significant pressure. If sellers maintain control and push the price below this trendline, the next potential target could be the $3,080 zone – aligning with the most recent swing low and acting as a possible support area.
Summary:
The $3,250 zone is the “checkpoint” to watch for selling pressure. If the price fails to break above this level, the downtrend is likely to continue.
The lower edge of the triangle is the “lifeline” for buyers. If it breaks, the likelihood of a deeper drop increases significantly.
What’s your take on this setup? Let’s share our views and spot the best trading opportunities together!
Is Gold About to Enter a Sharp Downtrend?Hey traders, looking at the chart, it’s quite clear that gold is currently undergoing a clean technical pullback – with the main objective being to fill the GAP around the $3,200 zone. This area is a strong confluence with the EMA34, and also marks a level where decisive selling pressure was previously observed.
Technically speaking, the overall structure remains bearish. Gold is still neatly confined within the descending channel, and recent rebounds appear to be nothing more than setups for sellers to "reload." The EMA34–EMA89 continue to serve effectively as dynamic resistance, and price action is already showing signs of fading bullish momentum as it approaches this key barrier.
The market is also responding to growing concerns over new U.S. tax policies, combined with a waning sense of defensive positioning. From my observations and feedback from various sources, the general sentiment leans toward gold continuing to weaken in the short term – not because of any sudden shock, but due to a lack of compelling bullish catalysts.
Market next move Bearish Disruption Analysis:
1. Range Weakness and Exhaustion Risk:
The price has been ranging within a tight zone, and repeated tests of the support line near 3,215–3,218 show weakening buyer pressure.
If bulls were strong, we might have already seen a breakout with momentum. Instead, there's sideways choppiness, suggesting indecision or exhaustion.
2. Lower Highs Forming:
Despite a flat support zone, price is forming lower highs, a bearish signal. Sellers are stepping in earlier on each bounce, tightening the range from the top.
3. Volume Depletion:
Volume is gradually dropping during this consolidation. If a breakout happens without a volume surge, it risks becoming a false breakout.
4. Liquidity Sweep Possibility:
Market makers might push price below the support zone (~3,215) to trigger stop-losses and accumulate orders before a potential real breakout. This would trap late buyers who enter early.
5. Bearish Scenario Path:
If price breaks below 3,215 and closes under that on decent volume, expect a move to the next demand zone near 3,200 or lower.
Downside target could be around 3,180–3,190, where the previous demand base formed on May 15.
Market next moveBearish Disruption Scenario:
1. False Breakout Trap:
If the price breaks above the rectangle but lacks strong volume or fails to sustain above resistance, it may turn into a bull trap.
This could lead to a sharp reversal and shake out long positions.
2. Volume Divergence:
Notice that volume is decreasing during the consolidation. Without a spike in volume on breakout, the move could lack conviction.
This weakens the bullish case.
3. Resistance Zone Overhead:
There's likely a resistance zone just above the rectangle (around 3,240–3,260), where selling pressure could resume.
Price may test the zone, reject it, and fall back inside or below the range.
4. Double Top Risk:
The price action on the 18th and current range-top could form a double-top pattern if rejected.
A drop below the lower bound of the rectangle (~3,210) would confirm the pattern, suggesting bearish continuation.
5. Macro or Fundamental Risks:
Any unexpected strong U.S. dollar movement or interest rate expectations could push gold lower, invalidating bullish technical setups.
GBP-AUD Double Top Pattern! Sell!
Hello,Traders!
GBP-AUD made a retest
Of the horizontal resistance
Level of 2.0820, then
Established a double-top
Pattern and is now going
Down so we are locally
Bearish biased which
Means that we will be
Expecting a further
Bearish move down
Sell!
Comment and subscribe to help us grow!
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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.
Bearish drop?The Fiber (EUR/USD) is rejecting off the pivot and could drop to the 1st support.
Pivot: 1.1273
1st Support: 1.1084
1st Resistance: 1.1371
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?US Dollar Index (DXY) is reacting off the pivot and could bounce to the 1st resistance.
Pivot: 100.21
1st Support: 99.45
1st Resistance: 101.88
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.
USD-CHF Will Grow! Buy!
Hello,Traders!
USD-CHF made a retest of
The horizontal support level
Of 0.8318 from where we
Are already seeing a bullish
Rebound so we are locally
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDJPY to find sellers at previous resistance?NZDJPY - 24h expiry
Price action looks to be forming a top.
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 86.35.
We look to Sell at 86.35 (stop at 86.65)
Our profit targets will be 85.30 and 85.00
Resistance: 86.30 / 86.80 / 87.20
Support: 85.30 / 85.00 / 84.50
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.
EUR_USD WILL GO DOWN|SHORT|
✅EUR_USD has retested a
Resistance level of 1.1290
And we are seeing a bearish reaction
With the price going down so we are
Bearish biased now and we will be
Expecting the pair to go further down
SHORT🔥
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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.
Gold - Follow The Macro Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GOLD has been overall bullish from a macro perspective trading within the rising wedge pattern in orange.
After rejecting the $3,500 round number and upper bound of the wedge, XAUUSD signaled the start of the correction phase as marked by the red falling channel.
Moreover, the $3,100 - $3,150 zone is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower orange trendline acting non-horizontal support.
📚 As per my trading style:
As #XAUUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bearish reversal?NZD/USD has rejected off the resistance level which is an overlap resistance that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5933
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 0.5960
Why we like it:
There is a pullback resistance level.
Take profit: 0.5893
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
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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.
Market next move
1. Bearish Rejection from Resistance
Disruption: The price has struggled to break above the 3,240–3,250 area multiple times. This could indicate strong resistance.
Implication: If the price fails again, we may see a rejection and a move down towards the 3,180–3,160 support range instead of a bullish breakout.
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2. Volume Analysis Caution
Disruption: The volume during recent upward moves is not significantly higher than the downswings.
Implication: Weak buying volume might not support a strong breakout, suggesting a fakeout could occur.
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3. False Breakout Possibility
Disruption: A possible fake breakout above the red box might lure in buyers before a reversal.
Implication: Watch for a "bull trap" where the price briefly breaks up and then reverses sharply downward.
---
4. Macro Events Ahead
Disruption: The timing (around May 20) could align with macroeconomic news (e.g., Fed minutes, CPI, etc.).
Implication: News can trigger volatility and negate technical expectations.
---
5. RSI or Momentum Indicators?
Disruption: Without checking RSI or other momentum indicators, the analysis might lack confirmation.
Implication: Overbought/oversold conditions could shift the bias unexpectedly.
Bearish drop for the Aussie?The price is reacting off the resistace level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could potentially drop from this level to our take profit.
Entry: 0.6457
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement and the 132.6% Fibonacci extension.
Stop loss: 0.6469
Why we like it:
There is a pullback resistance level.
Take profit: 0.6418
Why we lik eit:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
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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.
Could the price bounce from here?USD/JPY is falling towards the support level which is a pullback support that lines up with the 71% Fibonacci retracement and also lslightly above the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 144.03
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Stop loss: 143.07
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Take profit: 145.86
Why we like it:
There is an overlap resistance 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.
Potential bearish drop?EUR/USD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 1.1270
Why we like it:
There is an overlap resistance level.
Stop loss: 1.1374
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.1139
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.