Heading into 61.8% Fibonacci resistance?GBP/CAD is rising towards the pivot which has been identified as an overlap resistance and cold reverse to the 1st support which acts as a pullback support.
Pivot: 1.7986
1st Support: 1.7829
1st Resistance: 1.8132
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.
Forexsignals
Bearish drop?EUR/JPY has broken out of the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 157.19
1st Support: 155.60
1st Resistance: 158.37
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?EUR/AUD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 1.6398
1st Support: 1.6328
1st Resistance: 1.6506
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?EUR/CAD has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.4800
1st Support: 1.4745
1st Resistance: 1.4895
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?USD/ZAR is reacting off the pivot and could bounce to the 1st resistance.
Pivot: 18.4638
1st Support: 18.3048
1st Resistance: 18.6315
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.
USDMXN at Key Support - Potential Buy SetupOANDA:USDMXN is currently trading at a major demand zone, where buyers may step in to support the price. This level has historically acted as a strong support area, leading to bullish reversals.
If the price confirms a rejection from this demand zone, we could see a move upward toward the 20.4440 target level. A bullish reaction from this zone would align with the expectation of a short-term correction within the broader market structure.
NZDCHF at Key Resistance: Potential Sell Setup OANDA:NZDCHF is currently trading at a key resistance zone, where sellers may regain control. This level has been a significant area of interest in the past, leading to reversals. The recent push into this zone suggests a potential for bearish continuation if price action confirms rejection.
If the market provides a clear rejection pattern, such as bearish engulfing candles or wicks signaling rejection, I anticipate a move downward toward the 0.51500 target level. This setup aligns with the expectation of a short-term correction within the broader market context.
If you have additional insights or an alternative perspective, feel free to share your thoughts!
Bullish bounce off pullback support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.2526
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.2463
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.2660
Why we like it:
There is a pullback resistance level.
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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.
Bullish rise?EUR/CAD has bounced off the support level which is an overlap support and could potentially rise from this level to our take profit.
Entry: 1.48004
Why we like it:
There is an overlap support level.
Stop loss: 1.4743
Why we like it:
There is a pullback support level.
Take profit: 1.4894
Why we like it:
There is a pullback 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 bullish rise?EUR/NZD has bounced off the support level which is an overlap support that line sup with the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.82330
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci projection.
Stop loss: 1.81528
Why we like it:
There is a pullback support level that is slightly above the 100% Fibonacci projection.
Take profit: 1.8348
Why we like it:
There is a pullback 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.
Could the price bounce from here?AUD/JPY is falling towards the support level which is a pullback support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 95.69
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 95.06
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.62
Why we like it:
There is a pullback 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.
NZDSGD at Key Resistance – Potential Sell SetupOANDA:NZDSGD has reached a clear resistance zone, an area where price has previously struggled to break through. This level has historically acted as a strong supply zone, making it a key area to watch for potential reversals.
If sellers step in and confirm a rejection from this resistance, we could see a move lower toward the 0.76570 level, which aligns with the current market structure. However, a strong breakout above this resistance could invalidate the bearish outlook and signal further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
GOLD BEARISH!!!hello friends
Let's go with gold analysis:
Well, as you can see, we had a long-term upward channel, which caused the price of gold to rise with the events that happened, and now that we are approaching 3000, you can see that the buyers are becoming fewer and fewer, and the world news is also giving us this signal that buyers are less willing to buy gold (a safe asset).
So we can see price correction to lower points...
*Trade safely with us*
GBPCHF Bullish Continuation - Targeting 1.13980OANDA:GBPCHF remains within a well-defined ascending channel, with price pulling back toward a key demand zone near 1.13600. This level aligns with the lower boundary of the channel, making it a critical area to watch. If buyers step in, we could see a bullish continuation toward 1.13980 and potentially higher.
However, if sellers break below this key zone, the structure could weaken, opening the door for further downside.
GBPUSD Bearish ContinuationGBPUSD price seems to exhibit signs of overall Bearish momentum as the price action may form a credible Lower High with multiple confluences through key Fibonacci and Resistance levels which presents us with a potential short opportunity.
Trade Plan :
Entry @ 1.2580
Stop Loss @ 1.2830
TP 0.9 - 1 @ 1.23550 - 1.2330
#GBPJPY 1DAYGBPJPY (4H Timeframe) Analysis
Market Structure:
The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern suggests that the market is in indecision, and a breakout in either direction could lead to a strong move.
Forecast:
A breakout on either side will determine the next direction. Traders should wait for confirmation before entering a position.
Key Levels to Watch:
- Entry Zone: A buy position can be considered if the price breaks above the upper trendline, while a sell position can be considered if the price breaks below the lower trendline.
- Risk Management:
- Stop Loss: Placed beyond the breakout level to manage risk.
- Take Profit: Target key support or resistance levels based on the breakout direction.
Market Sentiment:
The symmetrical triangle pattern suggests that momentum is building up, and a strong move is expected after a breakout. Waiting for a clear confirmation will help avoid false signals.
EURUSDEURUSD price has a chance to test the resistance zone 1.05053-1.05257. If the price cannot break through the 1.05257 level, it is expected that in the short term, there is a chance that the price will go down. Consider selling 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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#AUDUSD 1DAYAUDUSD (4H Timeframe) Analysis
Market Structure:
The price has been in a downtrend but has now broken above the downtrend resistance, signaling a potential shift in market direction. A breakout from this level suggests that buyers are gaining strength, possibly leading to further bullish movement.
Forecast:
A buy opportunity may arise as the breakout indicates a change in trend. Waiting for a retest of the breakout level for confirmation can provide a stronger entry point.
Key Levels to Watch:
- Entry Zone: A buy position can be considered after a successful breakout and retest of the previous resistance as support.
- Risk Management:
- Stop Loss: Placed below the breakout level to minimize risk.
- Take Profit: Target key resistance zones where price may face selling pressure.
Market Sentiment:
The breakout of the downtrend resistance suggests that bullish momentum is increasing. A confirmed retest with strong price action can provide better confirmation for an upward move.
AUDJPY Sell signal below the 4H MA50.The AUDJPY pair has been trading within a Bearish Megaphone and is currently going sideways within the 4H MA200 (orange trend-line) and 4H MA50 (blue trend-line). Every time the latter broke to the downside, the pattern started its new Bearish Leg.
Assuming it hits at least the 1.236 Fibonacci extension like the first Bearish Leg, we are looking at a short-term Target of 93.750, if the 4H MA50 breaks.
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