XAUUSD BUY TARGET SUCCESSFUL HITTING READ IN CAPTIONSHere's a descriptive analysis of the chart you provided, which is a technical analysis chart for Gold (CFDs on Gold, USD/OZ) as of April 9, 2025:
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Chart Description: Gold (XAU/USD) Price Action Analysis
Time Frame: Intraday (Likely 1-hour or 2-hour candles)
Volume: Displayed at the bottom in green/red bars, showing buying and selling pressure.
Key Highlights:
1. Downtrend Channel:
The price has been moving within a downward channel (marked by red and blue trendlines).
Several lower highs and lower lows were observed until a breakout occurred.
2. Support and Resistance Levels:
Support Level: Around 2,974.936 – This acted as a solid base before the bullish reversal.
Resistance Zone: Around 3,132.939 - 3,137.725 – This area is expected to be a stron…
Forexsignals
AUDCAD Excellent Channel Down bottom opportunity.The AUDCAD pair has been trading within a long-term Channel Down since the January 26 2023 High and the recent Trade War fueled sell-off took the price almost on its bottom (Lower Lows trend-line).
The 1D RSI got vastly oversold at 14.00 and a bottom is to be expected within the next 2 weeks. Still, this level is low enough to be considered a solid long-term buy opportunity already. The previous bottom rebound targeted initially the 0.5 Fibonacci retracement level, so our target is 0.88850 on the medium-term.
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USDCAD Downtrend Hinges on This SupportFenzoFx—USD/CAD is trading bearishly and failed to form a new higher high above the 1.4297 resistance. A new bearish wave could be triggered if selling pressure drives the price below the 1.4143 support level.
In this scenario, the next bearish target will likely be 1.4028. Please note that the bearish outlook should be invalidated if USD/CAD exceeds 1.4297.
>>> Trade USDCAT at FenzoFx Decentralized Forex Broker
Gold upcomming Trend read in captionsGold (XAU/USD) shows a strong upward movement, with the price currently facing a key resistance level near 3,170.29. The price has recently bounced from support zones (marked with shaded areas) and is attempting to push higher.
The chart indicates a bullish trend with a potential pullback before the price continues its ascent toward the target at 3,170.29. The target level is shown as the next area of resistance, where the price could face difficulty breaking through. The price is expected to consolidate in the highlighted range and then continue its upward movement towards the target.
The support levels are seen in the shaded gray areas, and these levels could act as key buying zones if the price retraces back down before pushing higher again. Traders are likely looking for opportunities to buy near the support zones and aim for the resistance level as the target.
Overall, the chart suggests that Gold could continue to move higher after some consolidation, with the target at $3,170.29 being the next major resistance point. The pullback or consolidation in the coming days will be crucial to determine if the price can break the resistance and push toward the target.
USDSGD – Technical Analysis (1D)USDSGD has broken out of a descending trendline on the daily timeframe – signaling a potential shift in short-term momentum. Price has held above 1.3510, confirming the breakout and opening the door to resistance zones at 1.3565–1.3638 (aligned with 0.382 and 0.236 Fibonacci levels).
If bulls stay in control, next targets lie at 1.3723 and 1.3750. However, a short pullback toward the 1.3450–1.3480 support zone (0.618 Fibo) is also possible.
🔹 Main scenario: continuation to 1.3565 → 1.3638 → 1.3723.
🔹 Alternative scenario: drop below 1.3450 toward 1.3376 or 1.3274.
USDCHF: Bearish Forecast & Outlook
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 USDCHF.
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EURCHF: One More Gap 🇪🇺🇨🇭
One more gap is going to be filled today.
EURCHF violated a resistance line of a narrow consolidation range
on an hourly time frame.
It looks like the price is heading towards a gap down opening level now.
Goal - 0.9429
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EURUSD reached a 20-month Resistance. Potential for heavy sell.The EURUSD pair has almost hit the Lower Highs trend-line that started on the July 18 2023 High and immediately got rejected. The Resistance Zone that connects the last 3 major Highs within a 20-month span, follows the same pattern, especially with the 1D RSI Lower Highs peak formation.
Right now we are on the Lower High rejection, which on the previous three peaks hit initially the Support 1 level and then at least the Higher Lows trend-line (if not lower). As a result, we expect heavy selling to start on EURUSD, targeting 1.0730 and 1.0500 in succession.
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BTCUSD ChatGPT: This chart shows Bitcoin (BTC/USD) on a 4-hour timeframe with key price levels, trends, and targets identified. Let's break down the analysis and potential scenarios for the future price movement:
Key Observations:
1. Price Action & Trend:
- The price of Bitcoin has been in a downward trend, forming a descending channel (shown with blue trendlines). The price has been making lower highs and lower lows, indicating bearish market conditions.
- Recently, Bitcoin tested the resistance zone around 84,067, and after multiple rejections at this level, the price has started to decline.
2. Resistance Zone:
- The resistance zone is marked at 84,067, a key price point where Bitcoin has faced multiple rejections. This level represents a supply zone, and traders …
ChatGPT: 4. Bearish Price Action:
- The chart shows a sharp bearish drop after hitting the resistance zone, suggesting that the market is currently in a correction phase. The price has fallen from higher levels toward the support zone and is likely to experience further downside pressure.
5. Target Level:
- The target for the ongoing bearish move is marked as 78,885, which lies just above the support level at 77,082. This target indicates a potential continuation of the decline towards this support level, and if this support holds, it could be a buying opportunity for a bounce.
Potential Scenarios:
1. Bearish Continuation:
- If the price continues its decline and breaks below 77,082, it would suggest a bearish breakout, with the next target around 78,885 or eve…
ChatGPT: - If the price approaches the 77,082 support level and shows signs of rejection (such as forming a bullish engulfing candle or double bottom pattern), there could be a reversal towards the resistance level at 84,067. In this case, traders may look for a long position, targeting the resistance zone for profit-taking.
3. Consolidation and Range-Bound Behavior:
- There is also a possibility that the price could start consolidating between the resistance and support levels, moving in a sideways pattern. If the price repeatedly tests these boundaries without breaking through, traders can look for range-bound trading strategies with buy orders at support and sell orders at resistance.
4. Breakout Above Resistance:
- If the price breaks above the resistance zone…
ChatGPT: The current chart suggests that Bitcoin is in a downtrend, facing resistance at 84,067 and heading towards the support zone at 77,082. Traders should monitor price action at this support level for potential bounces or breakdowns. If the price rebounds at 77,082, it could move back to test the resistance at 84,067. Conversely, if the price breaks below the support, further downside movement may occur with a target around 78,885 or lower. The descending channel provides a structured view of the market, and a breakout could lead to a bullish reversal or continuation of the bearish trend.
FXAN & Heikin Ashi Trade IdeaOANDA:EURUSD
In this video, I’ll be sharing my analysis of EURUSD, using FXAN's proprietary algo indicators with my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities.
I’m always happy to receive any feedback.
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GBPNZD – Technical Analysis (1M)Following a breakout from a multi-year narrowing channel, GBPNZD has established a bullish trend above a key resistance level. Price is now approaching a major supply zone around 2.52–2.55, where a consolidation or pullback may occur. A breakout above this zone could pave the way toward the 0.5 Fibonacci level at 2.79 – a major upside target.
Momentum indicators are in overbought territory, suggesting potential correction or sideways action before further continuation. Chart structure indicates a potential bullish flag or accumulation range forming.
Main scenario: price pulls back to 2.42–2.45 before continuing upward to 2.79.
Alternative scenario: rejection below 2.30, leading to a deeper retracement toward 2.15.
Heading into pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 61.8% Fibonacci retracement.
Pivot: 1.4389
1st Support: 1.3951
1st Resistance: 1.4505
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/JPY is falling towards the pivot and could bounce to the 61.9% Fibonacci retracement.
Pivot: 144.13
1st Support: 142.17
1st Resistance: 148.59
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 pullback support?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce tot he 1st resistance which acts as a pullback resistance.
Pivot: 1.2771
1st Support: 1.2551
1st Resistance: 1.3100
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?The Fiber (EUR/USD) is falling towards the pivot and could bounce tot he 1st resistance.
Pivot: 1.094
1st Support: 1.0752
1st Resistance: 1.1200
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 continuation?US Dollar Index (DXY) is rising towards the pivot an could drop to the 1st support.
Pivot: 103.26
1st Support: 101.79
1st Resistance: 104.68
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.
EURUSD at Major Resistance: Will it Drop To 1.09000?OANDA:EURUSD reached a major resistance level that has previously acted as a strong barrier, triggering bearish momentum in the past. This zone also aligns with prior supply areas where sellers have stepped in, making it a potential point of interest for those looking for short opportunities. Given its historical significance, how price reacts here could set the tone for the next move.
If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.09000 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction.
Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
Best of luck!
WEEK OF 4/6/25: EURUSD AnalysisLast week ended bullish for the pair, but there is a correction occuring at the moment so we will follow the MTF internal structure (bearish) until it reaches the daily and 4h POI to look for bullish price action.
Internal MTF structure is always king and we will need that to shift before looking for longs.
Major news: Inflation - Thursday
Thanks for stopping by and goodluck!
Bearish drop off pullback resistance?USD/CHF is reacting off the resistance level, which is a pullback resistance. A rejection from this level could indicate a double top pattern, potentially leading to a bearish drop.
Entry: 0.8617
Why we like it:
There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement.
Stop loss: 0.8663
Why we like it:
There is a resistance level at the 50% Fibonacci retracement.
Take profit: 0.8557
Why we like it:
There is an overlap support level that line sup with the 50% Fibonacci retracement.
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Potential bearish drop?USD/CAD is reacting off the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
Entry: 1.4250
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 1.4335
Why we like it:
There is a pullback resistance level that lines up with the 71% Fibonacci retracement.
Take profit: 1.4061
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.