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GBP/CAD Bullish Rebound Fibonacci Support Signals 1.8200 Target GBP/CAD is trading at approximately 1.7800. Our target price of 1.8200 suggests an anticipated upward movement of 400 pips. This projection aligns with a bullish outlook, particularly as the pair appears to be finding support between the 50% and 61.8% Fibonacci retracement levels. Technical analysis indicates that GBP/CAD is approaching a pullback support level near 1.7806, which aligns with the 50% Fibonacci retracement. This area may serve as a foundation for a potential bullish bounce toward the first resistance level at 1.7968. The confluence of the Fibonacci retracement and support levels strengthens the case for a rebound. Fundamentally, the British Pound has been influenced by the Bank of England's interest rate decisions, while the Canadian Dollar has faced pressure from declining oil prices. These factors contribute to the current bullish sentiment for GBP/CAD. In summary, GBP/CAD is exhibiting bullish potential, supported by key technical levels and fundamental factors. Traders should monitor the 1.7806 support level and the 1.7968 resistance level, as well as broader economic indicators, to make informed trading decisions.
Long
by AndrewsMarket-Mastery
2
Tariff policy can increase inflation in the USDespite turning down today, world gold prices still maintain an upward trend due to concerns about global trade conflicts provided by US President Donald Trump's new tax regimes. Gold price on February 12: Suddenly plummeted, buying price of gold pieces decreased by 1.3 million VND/tael photo 2 World gold price chart on December 2. (Photo: kitco.com) Currently, gold is still affected by tariffs and statements by US Federal Reserve Chairman (FED) Jerome Powell. US President Donald Trump's announcement of 25% tariffs on imported steel and aluminum, produced without exceptions or exemptions, has raised the stakes on conflicting trade stocks. The FED Chairman said that the FED is in no hurry to cut interest rates when the economy is still strong and inflation is still above the target level of 2%. 🔥 GOLD SELL 2890 2892 🔥 ✔️TP1: 2880 ✔️TP2: 2870 ✔️TP3: OPEN 🚫 SL: 2901
TVC:GOLDShort
by FalCol_TradingMaster
USD/JPY Trading Plan: Resistance in Focus Before the Next DropSince the beginning of the year, USD/JPY has been in a bearish trend, with the price dropping from 159 to 151. After reaching support around the 151 zone following Friday's NFP, the price started to reverse upward and is currently trading at 153.63. In my view, this is just a correction of the initial leg down, and once resistance is reached, the price is likely to resume its downward trend. The sell zone starts above 154 and extends to 155, where I will be looking for selling opportunities. In the medium term, the price could drop to 146, with the first major support at the recent low of 151. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Mihai_Iacob
FED Chairman's testimony before CongressGold prices fell from historic levels as investors evaluated Fed Chairman Jerome Powell's congressional testimony and new trade policy statements from US President Donald Trump. Market sentiment is mainly influenced by two important developments. First, President Donald Trump's announcement on Sunday of plans to impose 25% tariffs on imported steel and aluminum, with no exceptions or exemptions, has raised concerns about potential trade conflicts. Second, FED Chairman Jerome Powell's hearing also had a big impact on market developments. In his opening speech, Mr. Powell emphasized that the FED remains cautious in cutting interest rates, citing the solid economy and inflation continuously exceeding the FED's 2% target. Investors are closely watching Mr. Powell's two-day testimony for clues about upcoming monetary policy, especially in the context of consumer price index (CPI) data about to be released. If inflation is higher than expected, market expectations of two interest rate cuts this year could be challenged. The decline in gold prices from record highs also reflects profit-taking activities after a strong increase since mid-December, with an increase of about 370 USD, equivalent to 14.25%. This adjustment shows that investors are taking advantage of profit-taking opportunities, while reassessing the outlook for monetary policy and trade risks.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Bullish bounce for the Cable?GBP/USD is falling towards the pivot and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 1.2419 1st Support: 1.2389 1st Resistance: 1.2473 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.
Long
by ICmarkets
1
Bearish reversal?GBP/CAD is rising towards the pivot and could drop to the 1st support which is a pullback support. Pivot: 1.7854 1st Support: 1.7661 1st Resistance: 1.7926 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.
Short
by ICmarkets
Pullback resistance ahead?EUR/AUD is rising towards the pivot which has been identified as a pullback resistance and could drop to the overlap support. Pivot: 1.6520 1st Support: 1.6363 1st Resistance: 1.6591 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.
Short
by ICmarkets
3
Potential bullish rise?EUR/NZD is reacting off the pivot which acts as a pullback resistance and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 1.8293 1st Support: 1.8211 1st Resistance: 1.8437 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.
Long
by ICmarkets