USD/CAD: Sideways Movement Signals Possible DownsideAfter a bearish move, the USD/CAD pair staged a pullback, forming a long-tailed candle on the daily timeframe that points to a potential retest of the zone above the 1.4200 level. Currently, the market is trading sideways, positioned just above the previous day's low.
If the price breaks and closes below this low, it may attempt to retest the support zone beneath. However, with price action still contained within the weekly range, continued oscillation between the upper and lower boundaries remains possible. A move to the downside is anticipated if the pair holds below the upward trendline, with the next target being the support zone around 1.42615
Forexsignals
USDCAD Channel Down aiming for the 1D MA200.The USDCAD pair has been trading within a Channel Down and is currently around the 1D MA50 (blue trend-line) following its latest Lower High formation.
If the current Bearish Leg is as strong as the previous one, we can expect the price to hit at least the 1D MA200 (orange trend-line) at 1.4000.
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Gold Price Analysis: Potential Bullish Reversal**Chart Description:**
This chart represents the price action of Gold (XAU/USD) on the 15-minute timeframe. It highlights key support and resistance zones, trendlines, and a potential bullish setup.
- The price previously declined, reaching a support zone marked in purple.
- A trendline break led to further downside movement.
- The price has now formed a consolidation near the support area and is showing signs of a potential reversal.
- A blue arrow indicates a possible bullish move towards the upper resistance zone near **$3,044.83**.
- The green box represents a possible **risk-to-reward trade setup**, with an entry around **$3,037.89** and a target near **$3,044.83**.
EURCAD Trending Lower - Will It Drop To 1.54670?OANDA:EURCAD is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook.
With momentum favoring the downside, the next logical target is 1.54670, aligning with the lower boundary of the descending channel. As long as the price remains below the resistance zone, the bearish bias stays intact.
Let me know your thoughts or any additional insights you might have!
Hellena | EUR/USD (4H): SHORT to the support area at 1.07279.Dear colleagues, price is still in an uptrend, but wave “5” is often unpredictable, so I do not recommend buying.
I will look out for short positions. I believe that the price can renew the high and reach the area of 1.10000 or even a little higher, but I will place pending limit orders to sell.
Or the price will immediately start a downward movement.
The target is the support area at 1.07279.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
NZDCAD at Key Resistance Level: Will it Drop To 0.82350?OANDA:NZDCAD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers regain control.
The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 0.82350 level, which represents a logical target within the current market structure. However, a break above this resistance level would invalidate the bearish bias and could lead to further upside.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 🚀
GBPJPY at Key Resistance Level: Will it Drop To 192.000?OANDA:GBPJPY is currently trading at a key resistance zone, where sellers may regain control. This level has been a strong area of interest in the past, suggesting the potential for another bearish reaction if sellers step in.
If the price confirms rejection from this zone, a move lower toward 192.000 is likely. However, a strong breakout above could invalidate this setup, shifting momentum back to the bulls.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions.
Let me know your thoughts or any additional insights you might have!
Potential bearish drop?The Cable (GBP/USD) has reacted off the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.2963
1st Support: 1.3870
1st Resistance: 1.3007
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 rise?USD/JPY has reacted off the pivot and could rise to the 1st resistance.
Pivot: 148.96
1st Support: 148.34
1st Resistance: 149.97
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.
Bullish bounce off 50% Fibonacci support?EUR/CAD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 1.54200
1st Support: 1.53020
1st Resistance: 1.55988
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?EUR/NZD has rejected of the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 1.88951
1st Support: 1.86727
1st Resistance: 1.89710
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 Price Analysis March 20⭐️Fundamental analysis
Gold prices fell slightly after hitting a record high on Thursday, ending a three-day winning streak. Profit-taking pressure from buyers, along with positive risk sentiment in the market, weakened gold. At the same time, the modest increase in the USD also put downward pressure on gold prices in the European trading session.
However, expectations of an early Fed rate cut could limit the USD's rise, supporting gold prices. In addition, concerns about former President Donald Trump's trade policy and escalating tensions in the Middle East could continue to act as factors driving gold demand. This requires investors to be cautious before making trading decisions.
⭐️Technical analysis
The D1 candle has not yet shown any signs of a reversal in GOLD. Therefore, the trading strategy has not yet shown any signs of peak detection or peak catching. BUY is still easier to win.
Yesterday's US session buy zone 3038 in today's European trading session plays an important resistance zone. Currently, gold has confirmed a break of 3045 for a SELL signal and is heading towards 3038. Before 2 hours of the end of the European session, if gold does not break through this zone, it is still possible to BUY around 3038. 3031 and 3029 play the role of resistance zones for the day when breaking through 3038. Today, waiting for a retest to BUY is the safest
BTCUSD UPWARD TREND UPCOMING READ IN CAPTIONS BULLISHThe chart shows Bitcoin (BTC/USD) on a 1-hour timeframe, displaying a clear bearish channel with an expected reversal towards higher levels. Here’s the detailed analysis:
Key Observations:
1. Bearish Channel: The price is currently inside a bearish channel marked by blue trendlines, where the price has been making lower highs and lower lows. This indicates that the current trend is bearish, but there are signs of a possible reversal at certain levels.
2. FVG (Fair Value Gap): The FVG (Fair Value Gap) zone is marked just above the support, suggesting an area of imbalance in market orders. The price is expected to fill this gap before continuing its bullish move. If the price stays above this gap, it could act as a support level.
3. Order Block: An order block is indicated at the top of the chart, suggesting that the price could potentially face resistance in this area. If the price manages to break through the resistance at this level, the bullish momentum could intensify.
4. Target: The target is set at 86,134, which is just above the current price level. If the price manages to break through the upper boundary of the channel and fill the FVG, it could move toward this target.5. Price Action: The price is currently bouncing around the FVG area, indicating that buyers may step in here, creating a potential opportunity to go long. The next step is to watch for a breakout above the resistance zone to confirm the continuation of the bullish move toward the target.
Conclusion:
The chart suggests that Bitcoin is currently in a bearish channel but could soon reverse if the price holds above the FVG zone around 84,100. A bullish breakout above the order block would likely lead to an upward movement, with the target at 86,134 in sight. Traders should monitor price action around the FVG gap and the order block for potential entry points.
Xauusd Trap to Sellers but Strong upward bullish Trend soonThe chart displays Gold (XAU/USD) on a 1-hour timeframe, showing a bullish trend with a defined upward channel. Here’s the breakdown:
1. Bullish Momentum: The price is following an upward trend within an ascending channel, indicating that the bullish momentum is strong. The target is set at 3060, suggesting that the price is expected to reach this level if the upward movement continues.
2. Order Block: The order block is identified at the top of the channel, which represents an area of significant buying interest. If the price pulls back to this order block, it could serve as a key support level and a potential area to enter long positions.
3. FVG (Fair Value Gap): An FVG zone is marked around 3043. This zone indicates an imbalance in market orders and may act as a support level for a price pullback before continuing the bullish trend. The FVG gap needs to be filled, and a price move back into this region may offer opportunities for buying.
4. Price Action: The price is currently testing an important support zone within the channel and the FVG. If the price holds above this zone, the bullish trend is likely to resume toward the target of 3060.5. Target 3060: The 3060 level is the primary target for the current bullish trend. If the price successfully breaks above the current resistance levels, the market could continue upward toward this price point.
Conclusion:
The chart shows a bullish outlook for Gold, with a potential target of 3060. Watch for a possible pullback to the FVG gap around 3043, which could provide an opportunity to enter long positions. If the price holds above this level, the bullish momentum will likely continue, reaching the 3060 target.
CHFJPY: Trend Channel Collapse Signals Bearish ShiftTrend Channel Breakdown: The chart clearly shows a previously established upward trend channel that has been decisively broken to the downside. This indicates a potential shift in momentum from bullish to bearish.
Key Levels:
The 169.328 level has been breached, suggesting it may now act as resistance.
Potential support levels are identified at 167.656 and the low of 166.607.
Bearish Momentum: The sharp downward movement following the trendline break suggests strong bearish momentum.
Timeframe: The 1-hour timeframe focuses on short-term price action.
Bearish drop?NZD/CAD is rising towards the pivot and could drop to the 1st support.
Pivot: 0.82703
1st Support: 0.81897
1st Resistance: 0.83299
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?NZD/JPY has bounced off the pivot and could rise to the 1st resistance level.
Pivot: 85.10
1st Support: 84.01
1st Resistance: 86.85
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.
EURNZD BUYThis symbol has a good buying opportunity based on price action conditions, but we don’t have a precise confirmation from the MACD indicator. However, overall, we can expect the scenario shown in the image.
#Forex #Trading #PriceAction #NZDUSD #ForexTrading #ForexSignals #ForexAnalysis #TechnicalAnalysis #MACD #Trader #ForexMarket #TradingView #CurrencyTrading #FXTrader #ChartAnalysis
BTCUSD PUUL BACK Double Top Resistance Could Trigger a Reversal
The chart assumes a breakout, but a double top is typically a bearish pattern. If price gets rejected at this resistance, it could signal a strong downtrend instead of the projected bullish move.
Support Might Not Hold
The analysis assumes a bounce from support, but price recently dropped aggressively to that level. If buyers fail to hold, a break below support could push price lower toward $83,200 or even $81,200.
Bearish Volume Presence
The recent large red candles show strong selling pressure. This could indicate that sellers are in control, and any upward move might just be a bull trap before further downside.
Resistance Overhead is Strong
The resistance zone around $86,400-$87,200 is a major supply zone. Even if price moves up, sellers could aggressively step in at that level, limiting upside potential.
all tiem high gold target 3080Double Top Resistance May Hold – The chart assumes a breakout above the double top resistance, but double tops often indicate a reversal rather than a continuation. A strong rejection from this level could lead to a bearish move instead of the projected bullish scenario.
Volume Divergence – The recent price action does not seem to show strong bullish volume compared to the previous rally. If buyers are weaker at this level, a fake breakout could trap longs before reversing downward.
Support Might Break Instead of Holding – The analysis assumes that the support zones will hold, but if price retests the nearest support and breaks below it, the entire bullish scenario could be invalidated.
Bearish Scenario Missing – The chart focuses heavily on an upward move but lacks a strong bearish alternative. If sellers step in near resistance, a drop toward lower supports (like $3,020 or lower) becomes a valid possibility.
Potential bullish rebound?AUD/USD has bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.6276
Why we like it:
There is a pullback support level.
Stop loss: 0.6248
Why we like it:
There is a pullback support level.
Take profit: 0.6325
Why we like it:
There is an overlap resistance level that is slightly below the 50% 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.
Heading into overlap resistance?USD/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 149.13
Why we like it:
There is an overlap resistance level that line sup with the 50% Fibonacci retracement.
Stop loss: 149.83
Why we like it:
There is a pullback resistance level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 148.19
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.