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USD (US Dollar)

Potential bullish bounce?USD/JPY is falling towards the pivot, which acts as a pullback support and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 151.62 1st Support: 149.23 1st Resistance: 157.75 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
Heading into the 78.6% Fibonacci resistance?The Swissie (USD/CHF) is rising towards the pivot which is an overlap resistance and could reverse to the 1st support which is an overlap support. Pivot: 0.8989 1st Support: 0.8802 1st Resistance: 0.9159 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
Bearish drop?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 1.2615 1st Support: 1.2324 1st Resistance: 1.2825 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
Overlap resistance ahead?NZD/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.5879 Why we like it: There is an overlap resistance that lines up with the 61.8% Fibonacci retracement. Stop loss: 0.5914 Why we like it: There is an overlap resistance level. Take profit: 0.5816 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.
Short
by VantageMarkets
Potential bearish drop?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% and the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2619 Why we like it: There is a pullback resistance level that aligns with he 61.8% and the 23.5% Fibonacci retracement. Stop loss: 1.2725 Why we like it: There is am overlap resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 1.2473 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.
Short
by VantageMarkets
Falling towards the 61.8% Fibonacci support?USD/CHF is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.8859 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 0.8800 Why we like it: There is a pullback support level. Take profit: 0.8959 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.
Long
by VantageMarkets
Bearish drop off pullback resistance?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% and the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0519 Why we like it: There is a pullback resistance level that lines up with the 38.2% and the 61.8% Fibonacci retracememnt. Stop loss: 1.0959 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Take profit: 1.0337 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.
Short
by VantageMarkets
I'M BACK | EUR/USD Good evening and/or good morning to everyone! 🌅🌙 It all depends on when you read this article. I know what you're already thinking... "What happened to the articles?" Well, that's not for me to answer! 😅 What I predicted has indeed come true, but as I mentioned earlier, it’s out of my hands. That said, let’s cut to the chase. First of all, I need your support! 🙌 Leave a boost, hit follow , and drop a comment to help me continue publishing. Now, let’s dive into our analysis. 🧐 EUR/USD: What’s happening? 💱 Well, my friend, Trump’s election has made its mark, and I think the results are clear to everyone. But be careful! 🤔 Do you really think it’s us who are losing? No, my friend! The recession will happen, but it won’t be for the euro—it will hit the dollar. 💸 Give things time to unfold, and remember this article... and your loyal friend, PipGuard. 😉 Don’t let yourself be fooled by the price! Doing this job requires an analytical mind, but it’s even more crucial to stop asking "why" for every market move. Trust me, that’s my golden rule! 😊 Technical Analysis: What can we expect? 📉 The EUR/USD price is in a sharp downtrend. However, we can expect: 1️⃣ A correction in the short term. 2️⃣ A potential reversal in the medium/long term. The study you see here was conducted on a weekly and 24-hour chart to give you a clear price direction and highlight key levels of interest. 🗺️ Current situation: - The price is trading below the bullish resistance at 1.05300. 🚧 As long as the price remains below this level, the trend stays bearish. 👉 Important note: If the price doesn’t fully close (with the entire candle body) above this resistance, it will act as a support for bearish traders. I’ve clarified this to help you avoid confusion! 😉 - We also observe that the price reacted to the bearish resistance , now acting as a bullish support , located at 1.03880. At this level, the price generated a spike but didn’t close fully, which confirms the strength of this area. 💪 Order Block and next moves: - The price has touched but hasn’t yet mitigated our bullish order block (OB), which ranges from 1.03200 to 1.02500. Within this range, we can look for a bullish impulse. 🚀 This move could happen: - At the liquidity grab around 1.02900. - Or upon touching the support/bearish level at 1.02515. If, instead, the price continues to drop after a correction, don’t worry! 💡 Your friend PipGuard has you covered for this scenario too. We have a weekly Fibonacci retracement ranging from 1.02100 to 0.99730, with significant liquidity between 1.01610 and 1.00890. 📊 I hope this analysis has been helpful to you! 😊 Once again, I ask you to support me with a boost, a comment , and a follow so you don’t miss future updates. Wishing you good luck and a fantastic day/evening! ☀️🌙 Best regards, PipGuard. 💼
Long
by PipGuard
4
EUR/USD: Euro Weakens as the US Dollar Gains StrengthEUR/USD: Euro Weakens as the US Dollar Gains Strength The EUR/USD pair continued to decline last week, losing 2.8%. This marks another week of euro weakness, driven by poor economic data from the eurozone and strong US indicators that underscore the resilience of the American economy and reduce expectations for Federal Reserve rate cuts. Strong US Data Bolsters the Dollar Key economic data from the US reinforced the dollar’s strength, reflecting the underlying robustness of its economy: - Initial Jobless Claims (Nov. 16): Reported at 213K, outperforming the 220K forecast, indicating a stable US labor market. - S&P Global Services PMI Flash (Nov.): Came in at 57.0, significantly above the 55.2 expectation, highlighting strong activity in the US services sector. These figures diminish the likelihood of imminent rate cuts by the Federal Reserve, maintaining the dollar’s attractiveness to investors. Weak Eurozone Data Pressures the Euro On the other hand, disappointing data from the eurozone added considerable pressure on the euro: - HCOB Composite PMI Flash (Nov.): Dropped to 48.1 (below the 50 threshold indicating contraction), missing the forecast of 50. - HCOB Manufacturing PMI Flash (Nov.): Fell to 45.2, underperforming the expected 46. - HCOB Services PMI Flash (Nov.): Declined to 49.2, well below the 51.6 forecast. The eurozone’s sluggish growth, coupled with inflation stabilizing around 2%, makes a strong case for the European Central Bank (ECB) to accelerate rate cuts. With eurozone rates at 3.4% compared to 4.75% in the US, the dollar’s yield advantage makes it more appealing to investors. Policy Divergence and Trade Risks The divergence in monetary policy between the US and the eurozone is a significant driver of EUR/USD’s weakness. While the ECB seems poised to continue cutting rates, the Federal Reserve may slow its actions or even pause. Further boosting the dollar is the potential for future President Donald Trump’s proposed tariffs on imported goods, which could strengthen the US economy and delay rate cuts. Seasonality: A Possible Lifeline for EUR/USD Despite the euro’s bearish outlook, seasonality could offer some support to EUR/USD. Historically, December has often been a favorable month for the pair, which might provide temporary relief for the euro in the coming weeks. Conclusion EUR/USD remains under significant pressure due to weak eurozone data, monetary policy divergence, and the dollar’s relative strength. Unless there’s a major shift in economic dynamics or central bank decisions, the euro is likely to stay on the defensive. Will seasonal trends be enough to support the euro, or will the downward trajectory continue? Share your thoughts in the comments!
Short
by InvestMate
1
EURUSD: Detailed Support & Resistance Analysis 🇪🇺🇺🇸 Here is my latest structure analysis and important support & resistance levels/zones on EURUSD for next week. Support 1: 1.030 - 1.033 area Support 2: 1.016 - 1.024 area Support 3: 1.008 - 1.009 area Support 4: 0.994 - 0.997 area Support 5: 0.962 - 0.975 area Support 6: 0.953 - 0.960 area Resistance 1: 1.045 - 1.053 area Resistance 2: 1.060 - 1.062 area Resistance 3: 1.066 - 1.069 area Resistance 4: 1.094 - 1.094 area Resistance 5: 1.099 - 1.101 area Resistance 6: 1.120 - 1.128 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Gold can turn around in seller zone and start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to upward channel, where it some time rose near the support line and later rebounded up to the 2570 support level, which coincided with the buyer zone. Then price made a retest and later continued to grow to a resistance line of the upward channel. When Gold reached this line, it turned around and made a correction movement to the support line, after which bounced and rose to the resistance level. Soon, the price broke this level, which coincided with the seller zone, and rose to 2790 points, after which turned around and started to decline. In a short time, XAU fell to the support line of the channel, and exited from it, breaking the 2705 resistance level as well. Then the price dropped to the buyer zone, where it some time traded and then turned around and made a strong impulse up. Price reached resistance level again and now it trying to break it one more time. In my opinion, Gold can enter to seller zone, turn around, and start to decline. For this case, I set my TP at 2630 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
13
AUDUSD: Time to turn bullish again.AUDUSD is bearish on its 1D technical outlook (RSI = 41.008, MACD = -0.006, ADX = 21.063) as it has been declining since the September 30th High. Technically though it is time to turn bullish again as not only has the 1D MACD formed a Bullish Cross, but the double bottom on the 1D RSI is identical to the February 13th 2024 Low. The resulting rebound reached the 0.5 Fibonacci level before a rejection. Consequently, we are turning bullish here, aiming for the current 0.5 Fib (TP = 0.66900). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
GBPUSD Short and Longs (News) Scenario 1: Both PMIs Better than Forecast Actual Manufacturing PMI: 49.5 (Better than 48.8 forecast) Actual Services PMI: 56.0 (Better than 55.2 forecast) EUR/USD: Down - If both sectors perform better than expected, this might signal a stronger US economy, potentially leading to a stronger Dollar. GBP/USD: Down - Similar to EUR/USD, a stronger US economic outlook could weaken GBP against USD. USD/JPY: Up - Improved US PMI data might strengthen USD against JPY, especially if this leads to expectations of a tighter Fed policy. Scenario 2: Both PMIs Worse than Forecast Actual Manufacturing PMI: 48.0 (Worse than 48.8 forecast) Actual Services PMI: 54.0 (Worse than 55.2 forecast) EUR/USD: Up - If both sectors disappoint, this could indicate economic weakness in the US, leading to a weaker USD. GBP/USD: Up - Weaker US data might make GBP relatively stronger, especially if UK economic indicators are not as disappointing. USD/JPY: Down - A disappointing PMI might lead investors to question the US economic recovery, potentially weakening USD against JPY. The Fib is just an example if we was to see a sell off it may come into play. If we not seeing a sell off the Fib will be non existent.
by PipsandTicks1
2
USDBRL_1W_Buyhello Analysis of the Brazilian real in the medium and long term Elliott wave analysis style The market is in an upward trend and in the medium term we are in wave 3, which wave 3 includes 5 waves. The target of wave 3 is 6.5500 and again we can have a correction as wave 4 to 5.8800 and continue to climb for the big wave 5 towards 7.4400 Sincerely, I am a dear Brazilian and the country is extremely beautiful and the entire continent of America ends in the great country of Brazil. I traveled around the continent of America in 2024 and I have not seen a country like Brazil, especially Sao Paulo. I wish all the best for Brazil
Long
by Elliottwaveofficial
4
Bullish rise off pullback support?The Silver (XAG/USD) has reacted off the pullback support that aligns with the 50% Fibonacci retracement and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 30.67 1st Support: 29.71 1st Resistance: 32.02 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.
ICMARKETS:XAGUSDLong
by ICmarkets