Bullish momentum to extend?GBP?USD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.2466
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 1.2398
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.2581
Why we like it:
There is a pullback resistance level that is slightly below the 127.2% Fibonacci extension.
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.
USD (US Dollar)
Potential rebound from support?USD/JPY is falling towards the support level which is an overlap support that is slightly below the 71% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 151.88
Why we like it:
There is an overlap support level that is slightly below the 71% Fibonacci retracement.
Stop loss: 150.93
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
Take profit: 153.24
Why we like it:
There is a pullback resistance 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 is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0452
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 1.0523
Why we like it:
There is a pullback resistance level.
Take profit: 1.0345
Why we like it:
There is a pullback resistance 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.
The monthly chart of XAU/USD (Gold Spot) reveals a long-termThis is a monthly chart of XAU/USD (Gold Spot), displaying a long-term ascending channel.
Key Observations: 1. Price is at the channel's upper boundary, around $2,874.
2. Potential resistance at around $3,202, indicated by an upward arrow.
3. Previous price activity indicates respect for channel boundaries**, implying that a pullback from resistance is possible.
4. Support zones** range from $2,767 to $2,861, with a substantial lower trendline support between $2,099 to $1,911.
Possible scenarios: - If trend continues, gold may reach $3,200 before correction.
- A rejection from the upper channel might result in a retracement to $2,767-$2,861.
Breakout above $3,200 may indicate a strong bullish trend.
monthly chart of XAU/USD (Gold Spot) showing a long-term This is a monthly chart of XAU/USD (Gold Spot) showing a long-term ascending channel.
Key Observations:
1. Price is near the upper boundary of the channel, around $2,874
2. Potential resistance at approximately $3,202, marked with an upward arrow.
3. Previous price action shows respect for channel boundaries**, meaning a pullback from resistance is possible.
4. Support zones** lie around $2,767–$2,861, while a major lower trendline support is near $2,099–$1,911.
Possible Scenarios:
- If momentum continues, gold may test $3,200 before seeing a correction.
- A rejection from the upper channel could trigger a retracement towards $2,767–$2,861.
- Breakout above $3,200 could signal a strong bullish continuation.
USDCHF Be ready for these trades based on the 1D MA50.The USDCHF pair has been trading within a Channel Up pattern since the September 06 2024 bottom. This is inside a larger Rectangle in which the pair is consolidating for the past 1.5 year.
The bottom of the Channel Up is being tested again today for the 2nd time since January 27, which was a 1D MA50 (blue trend-line) test. This is the key of the pair's trend technically in our opinion.
The current level being so close to the 1D MA50, is the ideal short-term buy entry to target Resistance 1 at 0.92265 on the lowest risk. If the price breaks below the 1D MA50 however, we will quickly take the minimal loss and reverse to selling the bounce near 0.9100, as this bearish break-out took place on both previous Channel Up patterns on May 15 2024 and October 19 2023.
In that case the trade will be long-term, targeting just above Support 1 at 0.84000.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold’s Got Game!Gold’s Got Game: Why This Metal’s Making Fiat Look Like Monopoly Money 🤑
Introduction
Gold isn’t just shiny—it’s sassy. While fiat currencies are busy falling apart like a cheap IKEA table, gold’s over here flexing in style. The chart? Oh, it’s a thing of beauty—a perfectly behaved ascending channel, the kind that makes traders weak in the knees. But wait, there’s more! Let’s dig into why gold’s the MVP of this market. Spoiler: It doesn’t involve a billionaire tweeting 🚀.
Trendlines So Sexy, They Should Be Illegal
Look at that chart. Just LOOK at it. Perfect lines, clean swings, and a channel that’s so disciplined it could teach your trading account some manners. Gold’s not just going up—it’s strutting. This isn’t your everyday pump-and-dump nonsense; this is a long-term glow-up.
Gold’s Secret Sauce 🍯
Why is gold moonwalking its way to the top? Glad you asked:
Inflation’s Revenge 😡
Central banks printing money faster than you can say “quantitative easing”? Classic. Every dollar you hold is depreciating, but gold? It’s sipping tea, whispering, “Stay poor, fiat.”
Geopolitical Chaos 🎭
From trade wars to actual wars, the world’s on fire 🔥, and gold is the fireproof safe. Every time a headline screams “uncertainty,” gold gains another point.
Chart Patterns: Gold's Glow-Up Timeline 🌟
The Breakout Bounce (Feb–May): A breakout so clean it probably eats kale salads. Gold smashed through resistance and said, “Later, losers.”
The Mid-Year Flex (June–August): A pullback? Sure. But even then, it respected the channel like a disciplined trader.
The Current Power Move (Feb 2025): Now we’re seeing that next-level push, eyeing $2,900 like it’s a Black Friday sale.
And let’s not ignore the elephant in the room: that arrow aiming straight for the top. Whoever drew it, we get it. Moon or bust 🚀.
The Real Question: Are You Late to the Party? 🥳
Short answer: Nope. Long answer: If this channel holds (and it’s been rock-solid so far), gold’s got room to run. But don’t just take my word for it—check the fundamentals. Oh wait, they’re screaming “BUY” too. 😏
Gold isn’t just moving—it’s making a statement. In a world full of financial chaos, it’s the one asset that doesn’t flinch. While fiat currencies play hot potato, gold’s over here saying, “Come at me, bro.” So, are you going to keep watching from the sidelines, or are you ready to get in the game? Your move.
Gold’s making moves, and the chart isn’t lying. So, are you ready to listen—or are you still clinging to that “cash is king” nonsense? 🤔
EURUSD 5 Feb 2025 W6 - Intraday Analysis - EU PPI - US ADP/PMIThis is my Intraday analysis on EURUSD for 5 Feb 2025 W6 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Investors remain cautious but are gradually finding footing after recent bouts of volatility linked to aggressive trade measures and policy uncertainty. The sentiment can best be described as a mix of risk aversion amid global trade tensions and a tentative willingness to engage as economic data remains broadly resilient.
The U.S. dollar has experienced modest strength but remains under pressure due to the broader uncertainty in trade dynamics and the potential for escalating tariffs, particularly from ongoing actions against major trade partners even with pause of tariffs on Canada and Mexico. The target is Europe.
Federal Reserve Outlook:
While the recent policy stance has been one of a pause, the Fed is expected to continue monitoring inflationary trends closely. Any future adjustments to monetary policy are likely to be data-dependent, with the current sentiment suggesting that policymakers will remain cautious amid trade-induced uncertainties.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Reached Swing Extreme Demand
🔹Swing Continuation
2️⃣
🔹With the Bearish iBOS, price confirmed the Swing pullback phase.
🔹We reached the Swing extreme demand which triggered a V-shape reaction indicating the bullish continuation.
🔹Price is currently targeting the liquidity (CHoCH) at 1.04342 (15m Swing High).
3️⃣
🔹Expectations is set to continue Bullish for the Bullish 4H Swing Continuation after reaching the Swing Extreme Demand.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bullish
🔹Swing Pullback
2️⃣
🔹Swing turned bearish signaling the 4H/Daily bearish continuation.
🔹After a BOS we expect a Pullback, price pulled back with series of Bullish INT structures reaching the 4H Supply and the 15m Swing extreme.
🔹While the 4H Swing Structure is Bullish, 15m Swing still Bearish.
3️⃣
🔹Expectations is set to continue bullish to sweep the 4H liquidity (Forming a Bullish
Bullish momentum to extend?The Silver (XAG/USD) is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 31.73
1st Support: 31.19
1st Resistance: 32.33
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.
Potential bullish rise?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 0.5630
1st Support: 0.5590
1st Resistance: 0.5716
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 Aussie reverse from here?The price is rising towards the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 0.6285
1st Support: 0.6225
1st Resistance: 0.6330
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 pullback support?USD/CHF is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 0.9033
1st Support: 0.8971
1st Resistance: 0.9086
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.
USDJPY Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.900 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.900 support and resistance area.
Trade safe, Joe.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.56600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.56600 support and resistance area.
Trade safe, Joe.
EURUSD: 4H Bullish Cross not so bullish historically.EURUSD is neutral on its 1D technical outlook (RSI = 49.247, MACD = -0.001, ADX = 21.205) and just formed a 4H Bullish Cross between the 1D MA100 and 1D MA200. This hasn't had a bullish effect in the past 12 months as the two times we saw it in 2024, it immediatelly market the top of the short term trend and caused pull backs to at least the 0.618 Fibonacci level. Consequently we will use it as an instant sell signal (TP = 1.02625).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
HBAR Seeking Golden Ratio After False Break of Consolidation?There's some big tells in what COINBASE:HBARUSD could potentially be getting ready to do so lets break it down on the Daily Chart!
Since the High on Dec. 3rd @ .392, Price has steadily been forming what looks to be a Descending Triangle while finding Support in the ( .25 - .23 ) cent range. Bearish volume building and RSI going from Overbought to currently going Below 50 suggests further Bearish Price Action could occur!
After the Positive USD Economic News Results for ISM Services and JOLTS Jobs Openings coming in well above Forecast, this seen the Dollar gain strength and other markets like Stocks and Crypto take a dive, in COINBASE:HBARUSD instance, it generated a False Break of the Descending Triangle to now where we see Price plummeting down to test the Support of this Consolidation Pattern.
If Support breaks, we could see Price make a Retracement to the April 2024 Highs @ ( .18 - .15 )
This area looks especially favorable because:
-From the Low before the Rally @ .04172 to the High of the Rally @ .392, lands the Fibonacci Golden Ratio levels priced @ ( .19619 - .17553 ) with the April 2024 High @ .1842 right in the Middle of this Zone!
-The 200 EMA is curving up into the suspected Support of the April 2024 Highs if Price were to fall, it would test this as well!
*If Price continues to fill the Pattern more, keep an eye out for more False Breaks, this will be evident with Price breaking either Area of Value ( Falling Resistance or Support Zone) followed with minimal Volume.
Gold Approaches Channel Resistance with Potential PullbackGold is currently trading within an ascending channel on the one-hour chart, approaching the upper boundary near 2840. The price has shown strong bullish momentum, but the marked resistance zone suggests a potential pullback. A rejection from the upper boundary could lead to a retest of the highlighted support area around 2820. If this support holds, the bullish trend may continue, but a break below could indicate further downside movement.
USDCHF to find buyers at market price?USDCHF - 24h expiry
Our short term bias remains positive.
The primary trend remains bullish.
We look to buy dips. 50
4hour EMA is at 0.9094.
Setbacks should be limited to yesterday's low.
We look to Buy at 0.9095 (stop at 0.9068)
Our profit targets will be 0.9174 and 0.9184
Resistance: 0.9131 / 0.9160 / 0.9197
Support: 0.9093 / 0.9080 / 0.9060
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USD/CNH Chart Sees Spike in Volatility Due to TariffsUSD/CNH Chart Sees Spike in Volatility Due to Tariffs
In response to the Trump administration's 10% tariff on Chinese goods, Beijing vowed to challenge the decision at the World Trade Organization.
Moreover, Chinese authorities have:
→ imposed retaliatory tariffs of 15% on US coal and liquefied gas, and 10% tariffs on oil and agricultural machinery;
→ launched an investigation into Google for potential anti-competitive practices.
These recent developments have triggered a spike in volatility for the Chinese yuan against the US dollar. As the USD/CNH chart shows today, the ATR indicator is at its highest level since early November, when Trump celebrated his election victory.
On 9 January, in our analysis of the USD/CNH exchange rate, we noted:
→ the importance of the 7.35 level, which had acted as resistance for several months;
→ according to Wang Tao, chief economist at UBS China, the yuan may weaken to 7.6 per dollar by the end of 2025 if the Trump administration imposes higher tariffs.
Today's technical analysis of the USD/CNH chart shows:
→ the rate is supported by the lower boundary of an expanded ascending channel (shown in blue);
→ the 7.35 level continues to act as resistance (as indicated by the red arrow).
Thus, at the beginning of February 2025, we may witness the formation of a narrowing triangle (shown by the black lines), and a breakout could lead to a significant trend movement. How realistic this assumption is largely depends on how the ongoing tariff conflict between the US and China develops.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
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.