Next move Bearish Disruption Perspective:
1. Failure to Break Above Supply
Price is struggling near 32.40–32.50, a visible resistance area from prior swing highs.
Repeated rejections here can signal seller strength or profit-taking.
2. Exhaustion Patterns
The price is forming sideways consolidation (highlighted in red).
A failure to break upward from this box and a false breakout wick would suggest buyer exhaustion.
3. Bearish Breakdown Scenario
If price breaks below the red box support (~32.30), this range could flip into resistance.
A clean drop below 32.30 would likely open the path toward 32.00 and potentially 31.80.
4. Volume Spike on Red Candle
Volume on red bars (10.64K) suggests aggressive selling pressure creeping in.
Watch for confirmation if next candles close red with high volume.
Forextrading
AUDCHF: More Growth Ahead 🇦🇺🇨🇭
AUDCHF strongly reacted to a rising trend line on a daily.
The price formed an ascending triangle pattern on a 4H time frame
and is now breaking its horizontal neckline.
I expect a bullish continuation to 0.540 / 0.543 levels.
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Gold next move The price is currently at a prior resistance level (~3,229) which may act as a supply zone. The market has already failed to break above this level multiple times in the past, indicating strong selling pressure.
2. Volume Divergence
If we analyze the volume at the most recent peaks, there's a possibility of lower buying volume despite higher prices—this could signal weakening bullish momentum.
3. False Breakout Risk
The chart suggests a possible pullback to the red demand zone before continuation. However, if the price fakes out into the zone and fails to hold above ~3,210, this could trigger a deeper selloff.
4. Double Top Formation Risk
There appears to be a potential double top pattern around 3,250–3,260, which may signal a bearish reversal if neckline support (~3,210) is broken.
5. Macroeconomic Influence
Unless supported by strong fundamentals (e.g., dovish Fed signals, rising inflation), any bullish breakout might lack fuel to sustain a rally beyond resistance.
Disruptive Bearish Scenario:
Price breaks below the red demand zone (~3,210).
Retests it as resistance.
Targets the next major support zone near 3,175–3,180.
EURUSD: Support & Resistance Analysis For This Week 🇪🇺🇺🇸
Here is my latest support and resistance analysis for EURUSD.
Resistance 1: 1.1250 - 1.1295 area
Resistance 2: 1.1368 - 1.1381 area
Resistance 3: 1.1420 - 1.1427 area
Resistance 4: 1.1510 - 1.1574 area
Support 1: 1.1051 - 1.1093 area
Support 2: 1.1085 - 1.1089 area
Support 3: 1.1073 - 1.1078 area
Consider these zones for pullback/breakout trading.
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MarketBreakdown | GOLD, USDCAD, GBPNZD, GBPJPY
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GOLD #XAUUSD 4H time frame 🥇
I see some clear signs of bullish accumulation on intraday time frames.
The price formed an ascending triangle pattern.
Its neckline represents a significant resistance.
Its violation and a 4H candle close above will provide
a strong bullish confirmation signal.
A growth to higher structures will be expected then.
2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦
Do not forget that today is the official banking holiday in Canada.
For that reason, CAD pairs might be slow.
USDCAD is currently consolidating within a narrow range on a daily.
I believe that for now, a consolidation is likely to continue.
3️⃣ #GBPNZD daily time frame 🇬🇧🇳🇿
The price successfully violated a falling trend line - a
strong vertical resistance last week.
We see a strong bullish reaction to that after its retest.
I believe that the pair will continue growing, it will likely
test a current high first and violate that, setting a new one then.
4️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵
The pair is trading in a strong bullish trend on a daily.
The price is texting a significant support cluster at the moment,
probabilities will be high that a growth will resume from that.
Do you agree with my market breakdown?
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GBP/JPY Short and CAD/JPY ShortGBP/JPY Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
CAD/JPY Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Bullish bounce off pullback support?USD/JPY is falling towards the pivot and could bounce to the 78.6% Fibonacci resistance.
Pivot: 143.80
1st Support: 140.52
1st Resistance: 148.62
Risk Warning:
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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.
XAUUSD M30 BEST BUY AND SELL SETUP FOR TODAYGold (XAUUSD) is trading near a 🔴 strong resistance zone (3,239–3,252). If price shows a bearish rejection from this area, it could be a sign of a 🧨 liquidity grab or fake breakout. This sets up a potential 📉 sell opportunity, targeting the support zones at 3,175 and possibly down to 3,120 where the 🧊 weak low and demand lie. A safe 🛑 stop-loss can be placed above 3,260 to manage risk. However, if the price gives a strong breakout and 📈 retest above 3,252, then a bullish continuation toward 3,325–3,350 is likely 🎯. Patience is key—wait for clear confirmation before entering the trade ⚖️📊.
4 Profitable Bullish Patterns EVERY TRADER Must Know Forex, GOLD
In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument.
1️⃣Bullish Flag Pattern
Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within.
Bullish breakout of the resistance line of the channel is a strong bullish signal that can be applied for buying the market.
Best entries should be placed immediately after a breakout or on a retest.
Safest stop loss is below the lows of the flag.
Target - the next key resistance.
Here is the example of a bullish flag pattern that was formed on Gold on a 1H time frame. As you can see, after the breakout of the resistance of the flag, a strong bullish rally initiated.
2️⃣Ascending Triangle
Such a pattern forms in a bullish trend on the top of the bullish impulse. The market starts consolidation, respecting the same highs and setting higher lows simultaneously.
The equal highs compose a horizontal resistance that is called the neckline.
Its breakout is an important sign of strength of the buyers.
Buy the market aggressively after a violation, or set a buy limit order on a retest.
Stop loss should lie at least below the last higher low within a triangle.
Target - the next strong resistance.
Take a look at that ascending triangle formation on EURUSD.
Bullish breakout of its neckline was a perfect bullish signal.
3️⃣Falling Wedge
That formation is very similar to a bullish flag pattern.
The only difference is that the price action within the wedge is contracting so that the trend line of the wedge are getting closer to each other with time.
Your signal to buy is a bullish breakout of the resistance of the wedge.
Stop loss is strictly below its lows.
Target - the next key resistance.
GBPUSD formed a falling wedge on a 4H time frame, trading in a strong bullish trend.
You can behold how nicely the price bounced after a breakout of its upper boundary.
4️⃣Horizontal Range
Similarly to the ascending triangle, the horizontal range forms at the top of a bullish impulse in a bullish trend.
The price starts consolidation , then, setting equal highs and equal lows that compose a horizontal channel.
Breakout of the resistance of the range is a strong trend-following signal.
Buy the market aggressively after a breakout or conservatively on a retest.
Stop loss will lie below the lows of the range.
Target - the next strong resistance.
Dollar Index formed a horizontal range, trading in a strong bullish trend.
Breakout of the resistance of the range triggered a bullish rally.
The best part about these patterns is that they can be applied on any time frame. Whether you are a scalper, day trader or swing trader, you can rely on these formations and make consistent profits.
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EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EUR/USD entered a corrective phase after its recent bullish rally and a test of the resistance zone.
Despite the short-term pullback, the mid-term trend remains bullish.
We expect the price to complete its correction near the identified support zone, and then resume its upward movement toward the specified target level.
This pullback may provide a buying opportunity in line with the broader trend.
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NZDUSD: Close to a 1D Golden. Best sell confirmation in 2 years.NZDUSD is neutral on its 1D technical outlook (RSI = 48.000, MACD = 0.002, ADX = 34.685) as it got rejected from last month's highs back to the 1D MA200. Ahead of a 1D Golden Cross, that high was most likely the lower high of the 2 year Channel Down. Every 1D Golden Cross ended with a 0.786 Fibonacci test at least. We're bearish on the medium term, TP = 0.56250.
See how our prior idea has worked out:
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Gold Price Analysis May 14Yesterday's D candle with an increase but not significant and unable to surpass 50% of the previous bearish candle shows that the sellers still hold the initiative today.
The 2322 zone plays a key role at the moment when breaking the Down confirmation to 3200. If it bounces from 3222, it will confirm the trend back in the Sideway range with the upper range of 3260.
In the direction of the 3260 break, Gold will return to the uptrend with the resistance zones of 3280 and 3320, pay attention to the small resistance zone around 3305 for the scalping strategy. On the opposite side, the break of 3222 confirms the downtrend, extending the next reaction zone around 3200 and can extend the decline to 3176 today.
USDCADHello Traders! 👋
What are your thoughts on USDCAD?
This pair found support at the bottom of the channel and a key support zone, triggering the beginning of a bullish move.
We now expect the price to consolidate briefly within this support area, and then continue moving upward toward the specified targets.
Will this support hold and drive the next leg higher? Share your thoughts below!
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Market Analysis: GBP/USD Edges HigherMarket Analysis: GBP/USD Edges Higher
GBP/USD is attempting a fresh increase above the 1.3270 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.3250.
- There was a break above a key bearish trend line with resistance at 1.3270 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3440 resistance. As mentioned in the previous analysis, the British Pound traded below the 1.3200 support against the US Dollar.
Finally, the pair tested the 1.3140 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.3215.
There was a break above a key bearish trend line with resistance at 1.3270. The pair surpassed the 50% Fib retracement level of the downward move from the 1.3402 swing high to the 1.3139 low. It is now showing positive signs above 1.3300.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3340 and the 76.4% Fib retracement level of the downward move from the 1.3402 swing high to the 1.3139 low.
The next major resistance is near 1.3400. A close above the 1.3400 resistance zone could open the doors for a move toward 1.3440. Any more gains might send GBP/USD toward 1.3500.
On the downside, immediate support is near 1.3270. If there is a downside break below 1.3270, the pair could accelerate lower. The first major support is near the 1.3215 level and the 50-hour simple moving average.
The next key support is seen near 1.3140, below which the pair could test 1.3080. Any more losses could lead the pair toward the 1.3000 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/JPY Long, EUR/CAD Short, GBP/USD Neutral and EUR/USD ShortUSD/JPY Long
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
EUR/CAD Short
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
GBP/USD Neutral
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
EUR/USD Short
Minimum entry requirements:
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
EURGBP: Shifting to long term bearish.EURGBP is heavily bearish on its 1D technical outlook (RSI = 36.165, MACD = 0.000, ADX = 36.508), and most likely will close the day under its 1D MA50. At the moment it is crossing below the 2025 Channel Up and if it closes under it, we will have a validated trend shift to bearish long term. It will be similar to the August 2024 decline that made a new Low after a 1D MA50 rejection. We first aim for the S1 level (TP1 = 0.83500) and as long as it remains under the 1D MA50, resell on the bounce to the S1 level (TP2 = 0.82500).
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USDJPY will it go higher?Hello everyone!
I want share my idea about USDJPY.
last few week we saw USD weaker than other Currencies, but now we see Trend Change after test 140.000 LVL. If we look at JPY index we will see price moving with strong seller but still uptrend, i think JPY will move lower and dollar will still dominant in the race.
If we look at technical with simple Support/Resistance strategy price going higher it broke some resistance levels and had pretty nice reactions from supports i think price will brake easy 140 LVL and will go to check 151 Resistance.
Soon we will have China and America meeting which will be about rates, i think it will affect at dollar index and it is starting place which is signal the meeting will go well.
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ALWAYS MAKE YOUR OWN RESEARCH!
BTCUSD NEXT MOVE Support Breakdown Scenario:
• If the price fails to hold the highlighted support area (~$103,200), it could invalidate the bullish projection.
• A break below $103,000 would likely trigger stop-losses and accelerate downside momentum.
Bearish Target:
• Next strong support may lie near $101,200–$100,800 (psychological and historical levels).
EURAUD: Pullback From Support 🇪🇺 🇦🇺
EURAUD will most likely pull back from a key daily support.
As a confirmation, I see a cup & handle pattern
that was formed after a completion of a strong bearish wave.
The price will likely reach 1.7496 level
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EURUSDEURUSD price has a chance to test the 1.14550 and 1.15419 levels. If the price cannot break through the 1.15419 resistance zone, it is expected that the price has a chance to go down. Consider selling the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
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