Potential bullish bounce?EUR/GBP is falling towards the pivot which acts as a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 0.8303
1st Support: 0.8268
1st Resistance: 0.8341
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 reversal off overlap resistance?EUR/JPY is rising towards the pivot and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 164.95
1st Support: 163.45
1st Resistance: 165.95
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?GBP/AUD is reacting off the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.9634
1st Support: 1.9498
1st Resistance: 1.9734
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.
XAU/USD : CPI is coming, Bull or Bear ?Analyzing the #Gold chart on the 4-hour timeframe, we can see that after entering the highlighted demand zone, gold has delivered a return of over 270 pips so far and is currently trading around $2611.
It’s important to note that today we have the CPI data release, which could significantly impact gold prices. If the CPI figures come in higher than expected, we’re likely to see further declines in gold, and vice versa if the data comes in lower.
Key demand zones remain at $2586-$2593 and $2555-$2562, while important supply zones are $2610, $2619-$2626, and $2643. Additionally, the recent sharp declines in gold have created several liquidity gaps, marked in purple on the chart, which are expected to be filled in the medium term as the price recovers.
Stay cautious and keep an eye on these levels, as well as the CPI announcement, for potential trading opportunities!
The Last Analysis :
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Bearish drop?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 198.26
1st Support: 196.76
1st Resistance: 196.61
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.
Heading into overlap resistance level?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.7859
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.7926
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.7740
Why we like it:
There is a pullback support 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.
Gold next move and highly accurate read the caption At the time of writing, however, market participants are battling to establish a trend. The USD retains its strength, but the momentum eased, while US indexes pared the bleeding, with only the Nasdaq Composite trading in the red. The macroeconomic excitement will likely recede as the US other relevant figure to release for the rest of the week
Gold confirm buy target here is opportunity read the caption Gold (XAU/USD) came under heavy selling pressure and slumped below $2,700 on Wednesday as US Treasury bond yields rallied on Donald Trump’s victory in the US presidential election. Inflation data from the US and Fedspeak next week could offer fresh insights into whether Gold will be able to shake off the bearish pressured
EUR/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the #EURUSD chart on the daily timeframe, we can see that the price is currently trading around the 1.06 level. Since the previous analysis, it has dropped over 500 pips. I anticipate that the price will soon react positively to the 1.052 to 1.058 zone, potentially leading to a recovery of 40 to 300 pips.Keep an eye on these marked levels!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Supply zone breakout Alert!Now market is running near zone of strong supply 2611 to 2614 so I see strong water fall from here and also you see gold retest the lower low then continue to push up.
Liquidity is near at 2602 to 2600 so Gold first grab this liquidity after that we can see Gold on the Moon.
GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Gold Analysis November 13fundamental analysis
Gold prices pared some of their modest intraday gains, although they held above $2,600 heading into the European session on Wednesday. Uncertainty over the extent of trade tariffs promised by U.S. President-elect Donald Trump and their impact on the global economy dampened investor appetite for riskier assets, spurring some flows into the precious metal. In addition, some repositioning ahead of U.S. consumer inflation data turned out to be another supportive factor for the commodity.
Meanwhile, the U.S. dollar (USD) held steady at its highest level since early May amid hopes that Trump’s expansionary policies could boost inflation and limit the scope for Federal Reserve (Fed) rate cuts. The outlook still favors rising US Treasury yields, which, in turn, restrains any further upside for non-yielding Gold.
Technical Analysis
Yesterday, Gold fell back to the 618 Fibo extension level and this morning broke down from 2598 and flew up to 2613. We are currently waiting for a Break to find a Buy point, or at least a correction to the Retracement point at 2603 to detect a Buy signal, because at 2608 like this is a bit half-hearted. Choosing an uptrend for today, but it is only a correction, so before tonight's news, I will choose to buy with a short TP to the 2625 area (in case of breakout at 2615)
The SELL levels of 2625 - 2627, 2644 - 2646, 2658 - 2660 will be updated immediately at the time of real-time signal, the admins will notify.
The best Buy signal below is to wait for a break of 2593, the price will return to the levels of 2586, 2576 - 2574, a false break through 2565 to catch the entry of 2562 is also good, for other areas, scalp and don't expect too long, at least from the 2574 area onwards to think about holding.
AUDUSD Sell the dead cat bounce.The AUDUSD pair gave us an excellent sell opportunity last time on our bearish signal (September 18, see chart below) as it got rejected marginally above the 1.5 year Resistance Zone and broke below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line):
This is so far consistent with all three previous sell sequences that reached the 1D RSI oversold (30.00) barrier. If the symmetry continues to hold, then we should be expecting at least a +2.62% counter-trend rebound and then another rejection towards the 1.382 Fibonacci extension.
As a result, we remain bearish on AUDUSD but need to move our Target a bit higher at 0.64500 (despite the gravity of the 2-year Higher Lows trend-line and the Support Zone) in order to match the 1.382 Fib.
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Potential bearish drop off pullback resistance?EUR/GBP has reacted off the resistance level which has been identified as a pullback resistance and could drop to the 1st support that acts as an overlap support.
Pivot: 0.8336
1st Support: 0.8301
1st Resistance: 0.8354
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 reversal?USD/CHF is reacting off the pivot and could drop to the 50% Fibonacci support.
Pivot: 0.8828
1st Support: 0.8772
1st Resistance: 0.8871
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 Cable reverse from here?The price is reacting off the pivot which has been identified as an overlap support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 1.2734
1st Support: 1.2672
1st Resistance: 1.2816
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?EUR/GBP has reacted off the resistance level that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.8336
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.8369
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 0.8320
Why we like it:
There is a pullback support level that is slightly above 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.
DXY is facing resistance zoneAs you know, I’ve been bullish on the DXY and have anticipated a reversal since the now-confirmed bottom just above 100.
With the price now above 106, however, I believe USD bulls should start exercising caution. There’s a very strong resistance zone ahead, ranging from 106.20 to 106.50, with another important level just above 107.
In my view, a correction is likely soon, and I’ll be watching for buying opportunities in EUR/USD and GBP/USD.
Heading into 61.8% Fibonacci resistance?AUD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 101.56
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 102.37
Why we like it:
There is a pullback resistance level.
Take profit: 100.34
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.
Bearish drop?NZD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.82961
Why we like it:
There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 0.83326
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.82394
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.