USDCHF at Key Support Zone – Potential Rebound to 0.89000OANDA:USDCHF has reached a significant support zone, marked by prior price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in.
If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 0.89000, a logical target based on previous market structure and price behavior.
However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Forexsignals
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
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold, after breaking its upward trendline and declining to the 2833 level, has now pulled back to the broken level and is currently positioned below a resistance zone. It is expected that, after some consolidation, the price may continue its decline towards the identified lower levels.
However, the long-term trend remains bullish. Holding below this resistance may increase selling pressure and lead to further corrections, while a breakout above this level could signal a continuation of the uptrend.
What are your thoughts on gold’s next move? Share your insights below!
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EURCHF: Rise After the News 🇪🇺🇨🇭
Looks like EURCHF may continue growing after the release of US news today.
A breakout of the resistance of the range on an hourly time frame
provides a strong technical confirmation.
Goal - 0.959
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XAU/USD: Gold at a Critical Crossroad: Will $2930 Hold or Break?By analyzing the gold chart on the two-hour timeframe, we can see that the price followed the expected bearish movement yesterday, correcting from its recent high of $2928 down to $2900 before finding temporary support. Currently, gold is trading around $2916, showing signs of indecision as it consolidates within a key range.
🔍 Key Levels & Liquidity Considerations
A significant liquidity pool exists between $2928 and $2930, which could act as a magnet for price. If gold moves toward this range, we might witness liquidity collection before a potential strong rejection and deeper decline.
As long as gold remains below $2930, the bearish outlook remains intact, and further corrections toward $2900 and potentially lower levels could unfold. However, if buyers manage to push the price above $2930 and sustain a breakout with clear confirmation and bullish momentum, we could see gold targeting levels above $2950 in the coming sessions.
📌 Primary & Alternative Scenarios:
🔹 Primary Bearish Scenario: A move into the $2928-$2930 liquidity zone, followed by rejection and continuation of the correction.
🔹 Alternative Bullish Scenario: A clean breakout above $2930 with a strong close and confirmation, leading to further bullish expansion toward $2950+.
🎯 Final Outlook
At this stage, the bearish bias remains dominant, but traders should carefully monitor price action near key liquidity zones before executing positions. Watching how gold reacts around these critical levels will be crucial in determining the next major move.
Stay updated as we track the market closely! 🔥
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USDNOK at Key Resistance Zone – Potential Reversal Setup OANDA:USDNOK 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, leading to price reversals. The recent bullish momentum has pushed price into this supply zone, suggesting a potential for bearish continuation if price action confirms a rejection.
If the price confirms rejection from this zone, a move lower toward 11.2010 is likely. However, a strong breakout above could invalidate this setup, shifting momentum back to the bulls.
Do you agree with this analysis? Let me know your thoughts in the comments!
AUDJPY Approaching Key Support - Will Price Rebound to 93.940?OANDA:AUDJPY is approaching a key support level, an area where buyers have previously shown strong interest. The recent bearish movement suggests that price may soon be testing this level, potentially setting up for a rebound.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward 93.940, aligning with the next key resistance level.
However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Best of luck, TrendDiva.
NZDCAD — Sell Setup at Key Resistance ZoneOANDA:NZDCAD has reached a key resistance zone, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.
If the price confirms resistance within this zone through bearish price action—such as wick rejections or lower timeframe weakness—we could see a move toward 0.81780, which aligns with a logical target based on recent market structure.
However, if the price breaks and holds above this resistance area, the bearish outlook may be invalidated, potentially opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EURJPY: Bullish Move From Support 🇪🇺🇯🇵
EURJPY looks bullish after a completion
of a consolidation on a key daily/intraday support.
A formation of a bullish imbalance candle provides a strong bullish confirmation.
I think that the price will go up and hit at least 160.33 level.
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Hellena | EUR/USD (4H): LONG to the area of 1.08878 (Wave C).Well, colleagues, it happens, wave “3” continued its rapid development. Wave “3” is usually the longest and it happens that it becomes too long on the news background, which we saw.
At the moment, I assume that the correction in wave “4” will still take place in the area of 1.06966, to then complete wave “5” at least in the area of 1.08878.
But there is another option - wave “3” is still not over. This happens often in wave analysis, so use limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
NZDJPY: Bearish Continuation 🇳🇿🇯🇵
NZDJPY formed a huge head & shoulders pattern after a test
of a key daily resistance.
Its neckline violation is a strong bearish trend-following signal.
I think that the market will continue falling.
Next support - 84.0
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Gold Price Analysis March 6Gold price today will trade in the range of 2928-2900. There will not be enough catalyst for gold to break through this range, at least wait until Nonfarm. When breaking the range of 2929 and 2895, it will confirm a new trend of Gold. The 2915 area until the end of the Asian session cannot be broken, it can push the price up to 2922 - 2928 or if broken, pay attention to the 2912 area for a BUY signal and resistance. Today around 2900 when breaking 2912-2915 and retesting those resistance areas.
Potential bearish reversal?The Kiwi (NZD/USD) has reacted off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 0.5744
1st Support: 0.5693
1st Resistance: 0.5773
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.
Could the price bounce from here?The Loonie (USD/CAD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 1.4260
1st Support: 1.4154
1st Resistance: 1.4366
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 overlap support?The Swissie (USD/CHF) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 0.8808
1st Support: 0.8748
1st Resistance: 0.8919
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 continuation?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.2801
1st Support: 1.2688
1st Resistance: 1.2990
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.
Could the Fiber reverse from here?The price is reacting off the pivot and could reverse to the 1st support.
Pivot: 1.0783
1st Support: 1.0598
1st Resistance: 1.1007
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 off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that lines up with the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 1.2921
Why we like it:
There is a pullback resistance that lines up with the 100% Fibonacci projection.
Stop loss: 1.2992
Why we like it:
There is a pullback resistance level.
Take profit: 1.2812
Why we like it:
There is a pullback support that is slightly above the 38.2% 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.
Falling towards overlap support?USD/CHF is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci projection and the 161.8% Fibonacci extension and could bounce from this level to our take profit.
Entry: 0.8805
Why we like it:
There is an overlap support level that line sup with the 61.8% Fibonacci projection and the 161.8% Fibonacci extension.
Stop loss: 0.8751
Why we like it:
There is a pullback support level that is slightly above the 100% Fibonacci projection.
Take profit: 0.8912
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.