Bearish reversal for the Fiber?The price is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1532
1st Support: 1.1198
1st Resistance: 1.1710
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 drop?US Dollar Index (DXY) has reacted off the pivot and could drop to the 1st support.
Pivot: 100.22
1st Support: 97.47
1st Resistance: 101.83
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 major support level?USD/JPY is falling towards the support level which is a pullback support that lines up with the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 140.82
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Stop loss: 137.37
Why we like it:
There is a pullback support level that is slightly above the 100% Fibonacci projection.
Take profit: 144.77
Why we like it:
There is an overlap resistance level.
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Could the Loonie reverse from here?USD/CAD is reacting off the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.3833
Why we like it:
There is an overlap support level.
Stop loss: 1.3616
Why we like it:
There is an overlap support level that lines up with the 88% Fibonacci retracement.
Take profit: 1.4098
Why we like it:
There is an overlap resistance.
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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 reversal off overlap resistance?GBP?USD is rising towards the resistance level which is an overlap resistance that lines up with the 61.6% Fibonacci projection and the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.3376
Why we like it:
There is an overlap resistance level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection.
Stop loss: 1.3646
Why we like it:
There is a pullback resistance level that is slightly above the 78.6% Fibonacci projection.
Tale profit: 1.3105
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 reversal?EUR/USD is rising towards the resistance level which is an overlap resistance that lines up with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.1524
Why we like it:
There is an overlap resistance level that aligns with the 127.2% Fibonacci extension.
Stop loss: 1.1667
Why we like it:
There is a pullback resistance level that lines up with the 145% Fibonacci extension.
Take profit: 1.1201
Why we like it:
There is a pullback support level that aligns with 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.
Market Analysis: USD/CHF – 4H ChartThe USD/CHF pair is exhibiting a **clear bearish trend** on the 4-hour chart, with price currently consolidating around the **0.81500** level after a sharp decline. This consolidation is forming a **range-bound structure**, with support near the recent H4 low and resistance around the **0.82500** zone.
Key Observations:
Bearish momentum remains dominant, evidenced by lower highs and lower lows.
Price is currently trading just above a well-tested H4 support level.
There are two probable outcomes from this consolidation zone:
Potential Scenarios:
1. Bullish Breakout:
A rejection from the H4 support could see price push back towards the **0.82500** level.
A breakout beyond this resistance could lead to further recovery towards **0.83500** or higher.
2. **Bearish Continuation**:
A break below the H4 support zone would confirm further downside momentum.
This could lead price towards the next key support around **0.80000**, with potential extension to the **0.78500** region.
Conclusion:
USD/CHF is currently at a decision point within a broader bearish structure. Traders should watch for a breakout from the current range to confirm the next directional move, with **0.82500** and **0.80000** acting as critical inflection zones.
Week of 4/20/25: EURUSD AnalysisEU had a crazy week of consolidation last week and it was best to stay out until structure was clearer and had a direction.
My direction this week is bullish since all structure is bullish and we are starting to see that demand is in control. If it isn't, expect the lower level 4H POI to be mitigated and then continue the bull run.
Major News:
PMI - Wednesday
Unemployment - Thursday
Thanks for coming, hope you guys have a great week!
Week of 4/20/25: AUDUSD AnalysisWeekly and daily candles are consecutively bullish with a V-shape recovery to the upside. Looking for longs and especially keeping an eye out for the 1H POI flip-zone that I refined in the 4H POI.
Unless 1H internal structure shifts bearish, I am long ALL THE WAY!
Major News:
PMI - Wednesday
Unemployment - Thursday
Thanks for tuning in, have a great week.
BTCUSD: Expecting Bearish Movement! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current BTCUSD chart which, if analyzed properly, clearly points in the downward direction.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDCAD: Bullish Outlook & Pullback From Support 🇺🇸🇨🇦
There is a high chance that USDCAD will turn bullish after the market opening.
I spotted a strong bullish confirmation after a test of a key intraday/daily support.
A triple bottom formation and a breakout of its neckline provide a reliable
bullish signal.
Probability will be high that the price will bounce at least to 1.3676 level.
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Master Forex Trading with ICT Kill Zones (2024 Guide)The forex market runs 24/5, but not all hours are equally profitable. ICT Kill Zones highlight the 4 most volatile trading windows where institutional activity creates prime opportunities.
ICT Kill Zones Timetable (GMT/EST)
Asian: 8PM - 10PM EST / 12AM - 2AM GMT
London: 2AM - 5AM EST / 6AM - 9AM GMT
New York: 7AM - 9AM EST / 11AM - 1PM GMT
London Close: 10AM - 12PM EST / 2PM - 4PM GMT
Key Characteristics:
Asian Session
Best for AUD, NZD, JPY pairs
Low volatility; ideal for 15-20 pip scalps
London Session
Highest liquidity (trade EUR/GBP)
Often sets daily highs/lows
New York Session
Overlap with London creates high volatility
Focus on USD pairs (e.g., USD/CAD)
London Close
Price retracements to daily range
Quick 15-20 pip reversal plays
Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave “Y”. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think that 55.204 is the 1st minimum target.
There are two possible ways to enter the position:
1) Market entry
2) Pending Limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Could the price bounce from here?GBP/AUD is falling towards the pivot which is an overlap support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 2.0624
1st Support: 2.0413
1st Resistance: 2.1029
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 at a Critical Juncture: Uncovering the Key Levels for ApHere is the technical analysis of the gold/US dollar (XAU/USD) pair on the daily timeframe for today, April 18, 2025, identifying key support and resistance levels based on the latest available data:
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🔹 Current Price:
The price of gold reached an all-time high of $3,357.40 per ounce, driven by growing concerns about tariffs, which Federal Reserve Chairman Jerome Powell described as "much larger" than expected, leading to slower economic growth and higher inflation.
⸻
📊 Technical Analysis (Daily Timeframe):
• Overall trend: Upward, with higher highs and lows, indicating continued positive momentum.
• Moving Averages: The price is trading above all major moving averages, including the 20-day simple moving average at $3,114.60, supporting the uptrend.
• Relative Strength Index (RSI): The RSI remains in the overbought zone, which could indicate a potential short-term price correction.
⸻
🔻 Key Support Levels:
1. $3,317.20 – Immediate support reflecting a previous high.
2. $3,305.65 – Medium-term support.
3. $3,292.80 – Additional support reflecting a previous consolidation zone.
⸻
🔺 Key Resistance Levels:
1. $3,335.00 – Current resistance that was recently tested.
2. $3,350.00 – Important psychological resistance level.
3. $3,375.00 – Potential resistance if the upward momentum continues.
⸻
⚠️ Additional Notes:
• Technical indicators are showing overbought signals, which could lead to a short-term price correction.
• In the event of a correction, the above-mentioned support levels may be potential entry points for investors.
• Upward momentum remains intact, but it is advisable to closely monitor technical indicators to identify appropriate entry and exit points.
#XAUUSD UP TREND Thanks for sharing the updated chart.
Here’s a breakdown of what’s going on now:
### **Current Context (Gold Spot/USD - 1H)**:
- **Price**: $3,327.38 (down 0.47%).
- **Trend Channel**: Still in play, though the price briefly broke below the lower boundary and quickly re-entered — a potential **fakeout**.
- **Corrective Structure**: The “(W)-(X)” label suggests an **Elliott Wave corrective pattern** (likely a W-X-Y correction). The price may still be in the “X” leg moving upward before completing “Y.”
- **Key Levels**:
- **Support**: Around $3,302 (same as the previous chart’s stop-loss).
- **Resistance/Target**: $3,380 — matching the top of the previous breakout attempt.
### **Trade Setup**:
- A long position is being considered with a bounce off the lower trendline.
- Entry around $3,327–$3,331 with target near $3,380.
- Stop-loss again around $3,303 — maintaining tight risk management.
### **Interpretation**:
- The market may have completed a short-term correction and is possibly forming a higher low (if “W” holds).
- A break above point “X” would confirm bullish continuation to $3,380 or higher.
- If price breaks below “W” ($3,302), the bullish structure might fail, and deeper retracement becomes likely.
Do you want to explore a possible short scenario if the lower boundary breaks again, or are you planning to ride the bullish continuation? NASDAQ:NVDA OANDA:XAUUSD OANDA:XAUUSD
CADJPY is perhaps the best sell signal long-term.The CADJPY pair has broken marginally below its 1W MA200 (orange trend-line) in recent weeks and turned sideways. This took place on the latest 1W MA50 (blue trend-line) rejection on January 13 2025. As long as the market remains below it, the long-term trend-line will be bearish.
The current 1W MA200 consolidation is in fact similar to what followed after the last major long-term rejection in December 2014. As you can see on the chart, we are on similar trading patterns as August - September 2015. Even the 1W RSI sequences among the two fractals are identical, starting off strong Bearish Divergencies that basically were an early signal for the 2015 - 2016 sell-off and possibly now the 2025 - 2026 sell-off.
As a result, we are bearish on this pair, expecting a 85.000 Target on high probabilities and a 2nd at 75.000 on lower, which is the 14-year Support Zone.
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GBPUSD at Key Resistance - Time to Sell?OANDA:GBPUSD has reached a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again.
The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside.
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!