GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
The price has successfully broken its downward trendline and, after a successful pullback, has also broken through a key resistance level to the upside.
Currently, the price is consolidating above the broken resistance, which indicates strong buyer momentum and a potential continuation of the uptrend.
Given the current market structure, the price is likely to experience a minor pullback and consolidation before continuing its upward movement.
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Forexsignals
Hellena | EUR/USD (4H): LONG resistance area 1.05281 (Wave 3).Colleagues, price has traveled a long distance and this could mean that price is moving in impulse. This means that the price is in wave “1” and now a correction is expected in wave ‘2’ (50% Fibonacci level 1.03264) and then I expect the upward movement to continue in wave “3” which will reach the resistance area 1.05281.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USDSGD at Key Support Zone: Bullish Rebound ExpectedOANDA:USDSGD has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.34820 level, which represents a logical target within the current market structure.
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!
#GBPUSD 1DAYGBPUSD (1D Timeframe) Analysis
Market Structure:
The price has broken above the downtrend resistance, indicating a potential shift from bearish to bullish momentum. This breakout suggests that buyers are gaining control, but further confirmation is needed before entering a position.
Forecast:
A buy opportunity may arise after a retest of the broken resistance level, which could now act as support.
Key Levels to Watch:
- Entry Zone: Wait for a retest of the breakout level and confirmation of support before considering a buy position.
- Risk Management:
- Stop Loss: Placed below the retest level or recent swing low to manage risk.
- Take Profit: Target higher resistance levels or key areas for potential upside movement.
Market Sentiment:
The breakout above the downtrend resistance is a sign of potential bullish movement, but patience is needed to ensure the price holds above the retested level before entering a trade.
USD/JPY Falls from 154.80 – Is 146 the Next Target?In my post last week about USD/JPY, I mentioned that the pair could resume its decline and draw attention to the 154+ sell zone.
Indeed, USD/JPY started falling after reaching 154.80 and is now trading at 151.72, which is very close to a key horizontal support level.
Looking ahead, I expect this support to break, pushing the pair below 150 and potentially down to the next horizontal support around 146.
In conclusion, my strategy remains unchanged: I will continue looking to sell rallies, with invalidation above last week’s high.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains in an uptrend, and there are no clear signs that the bullish wave has ended. We still expect the price to reach at least above $3,000 in the coming period.
However, on the daily timeframe, gold has entered the overbought zone, leading to the expected corrective phase.
At this point, we anticipate a further price correction to lower levels before a new bullish move begins.
Stay patient and look for suitable buying opportunities.
Monitor price reactions to support levels to identify an optimal entry point.
The overall trend remains bullish, and the current correction may provide a good re-entry opportunity.
What’s your outlook on gold? Do you think the $3,000 target is achievable?
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World gold continues to run out of timeGold prices today in the world February 17: Trade tensions pushed gold prices to record highs
Precious metals investors have endured a volatile week, as dismal US economic data and escalating tariff threats pushed gold prices to new record highs. However, at the end of the week, some optimistic news about the US economy and the US-Russia peace negotiations caused gold to take profit and fall sharply. The downward trend has not stopped today, gold is still trading below 2,900 USD/ounce.
Unfavorable economic data from the US has also pulled the USD down, possibly creating opportunities for commodities traded in USD. Specifically, retail sales in the US in January decreased by 0.9%, in contrast to the increase of 0.7% (adjusted from 0.4%) in December, according to an announcement from the US Census Bureau on Friday. This decrease is lower than market expectations, only -0.1%.
With this situation, although gold prices are currently trending down in the short term, unstable factors from Trump's tax policy or concerns about trade wars can still create momentum to help gold prices go up in the future, especially when the demand for safe assets increases.
XAUUSD BuyXAUUSD Buy now Target 2926
Or 2909
XAUUSD today strong buy.
As of February 17, 2025, gold (XAU/USD) continues its upward trajectory, recently surpassing the $2,900 per ounce mark. This surge is primarily driven by escalating global trade tensions and economic uncertainties, notably following President Trump's announcement of 25% tariffs on steel and aluminum imports. Such geopolitical developments have heightened gold's appeal as a safe-haven asset.
Analysts project that if current conditions persist, gold prices could approach or even exceed the $3,000 per ounce threshold in the near future. For instance, J.P. Morgan has forecasted an average gold price of $2,950 for 2025, with potential peaks reaching $3,000, citing gold's effectiveness as a hedge against macroeconomic uncertainties.
Bearish drop?The US Dollar Index (DXY) has reacted off the pivot and could drop to the pullback support that lines up with the 100% Fibonacci projection.
Pivot: 107.51
1st Support: 105.72
1st Resistance: 109.67
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?The Cable (GBP?USD) has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 1.2508
1st Support: 1.2358
1st Resistance: 1.2844
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.
Falling towards 61.8% Fibonacci support?The Swissie (USD/CHF ) is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.8916
1st Support: 0.8752
1st Resistance: 0.9206
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?USD/JPY is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 151.12
1st Support: 149.37
1st Resistance: 154.33
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.
Falling towards 50% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.4106
1st Support: 1.3949
1st Resistance: 1.4300
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.
Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 0.5692
1st Support: 0.5579
1st Resistance: 0.5798
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.
Potential bullish bounce?USD/JPY is falling towards the support level which is an overlap support that line sup with the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 151.90
Why we like it:
There is an overlap support that lines up with the 78.6% Fibonacci retracement.
Stop loss: 151.08
Why we like it:
There is an overlap support level that is slightly above the 78.6% Fibonacci projection.
Take profit: 153.71
Why we like it:
There is a pullback resistance level that aligns 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.
Bearish drop off overlap resistance?USD/CHF is rising toward the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.9009
Why we like it:
There is an overlap resistance level.
Stop loss: 0.9057
Why we like it:
There is a pullback resistance level.
Take profit: 0.8919
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.
Bullish bounce?USD/CAD is reacting off the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.4146
Why we like it:
There is an overlap support level.
Stop loss: 1.0472
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci projection.
Take profit: 1.4280
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.
Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 1.0520
Why we like it:
There is a pullback resistance level that line sup with the 138.2% Fibonacci extension.
Stop loss: 1.0576
Why we like it:
There is a pullback resistance level.
Take profit: 1.0458
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
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.
BTCUSD: Bearish Continuation is Highly Probable! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell BTCUSD.
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