NZDUSD to continue in the downward move?NZDUSD - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
Preferred trade is to sell into rallies.
We look to Sell at 0.5704 (stop at 0.5736)
Our profit targets will be 0.5623 and 0.5520
Resistance: 0.5705 / 0.5850 / 0.5960
Support: 0.5630 / 0.5520 / 0.5320
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USD (US Dollar)
Could the Silver rise from here?The price is reacting off the support level which is an overlap support that lines up with the 127.2% Fibonacci extension and could rise from this level to our take profit.
Entry: 28.78
Why we like it:
There is an overlap support level that lines up with the 127.2% Fibonacci extension.
Stop loss: 27.71
Why we like it:
There is a pullback support level.
Take profit: 29.83
Why we like it:
There is a pullback resistance.
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Bearish drop?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,647.58
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 2,649.06
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 2,562.07
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.
Mastering AUDUSD: Key Trading Zones Revealed for Optimal EntriesGreetings, traders! Welcome to this AUDUSDmarket analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
If you like the breakdown, boost the idea and follow to receive more ideas.
Trade safely
Trader Leo
GOLD FURTHER SELL OFF?! (UPDATE)Gold has officially broken below the 'Flat Correction' channel & Wave 3 sell's are in full effect! This sell volatility was induced by the Federal Reserve lowering the Interest Rate down to 4.5% last night.
As per usual fundamentals come into effect AFTER and push price towards our technical bias. I've said it before & I'll say it again. Politics & Economic data is one of the most manipulated facades out there😉
XRP, much more to goLooking back at the fractal I created a few months ago, it's playing out really well. Looking at the 5 waves that were put in within the first fractal, there could be an opportunity for the same 5 waves to play out within the second fractal. So, hold firm and keep XRP close and look forward to the eye watering upswide that we'll see within the next 6-7 months. Follow for more.
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support level.
Pivot: 1.0451
1st Support: 1.0333
1st Resistance: 1.0533
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 price reverse from here?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 2,627.26
1st Support: 2,585.13
1st Resistance: 2,664.57
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.
Heading into 50% Fibonacci resistance?The Bitcoin (BTC/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 102,858.96
1st Support: 94,387.12
1st Resistance: 108,432.84
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.
Gold 1h analysis, I'm personally looking for a sellAccording to the 1h analysis, I'm personally looking for a selling opportunity from the resistance area near 2653.00 & 2656.00
Targets:- 2625.00 / 2614.00 / 2605.00
Don't place any advance orders for now. Use good bearish confirmation for the entry.
Remember one thing if the price successfully closes above 2665.00, then stay away from selling. CAPITALCOM:GOLD
AUDUSD - Very bearish for the Aussie Dollar!Very bearish for the AUDUSD. The Aussie dollar is coming under pressure.
Breakout from the aqua colored symmetrical triangle to the downside. Note the AUDUSD was already on a secular long term down trend (under the red downtrend line).
Potential price target of red arrow at 55 cents, or worse still the 48 cent target of the early 2000s (green arrow).
Bullish Liquidity Grab on USD/SGD ExpectedTechnical Analysis
Monthly Chart:
On the monthly chart, USD/SGD has shown a recovery after testing significant support zones, indicating that buyers stepped in to defend these levels. However, the recent upward movement appears overextended, suggesting a potential slowdown or correction in the near term. This aligns with broader market dynamics and the technical exhaustion seen after extended bullish runs.
Daily Chart:
The daily chart offers more clarity on current price action:
Double High Formation: Two equal highs have formed on the chart, a classic indication of liquidity resting above these levels. From a price behavior perspective, this suggests that the market is likely to push upward to liquidate these equal highs before considering a significant move lower.
Consolidation Zone: The price is currently consolidating, which often precedes a breakout. This consolidation reinforces the likelihood of a push higher to clear liquidity, especially when aligned with the broader USD dynamics.
Fundamental Analysis
U.S. Dollar Factors Impacting USD/SGD:
The strength of the U.S. Dollar (DXY) plays a crucial role in USD/SGD movements. Here's how recent developments affect the pair:
Liquidity Grab in DXY: The DXY recently breached its key level of 107.348 and is now showing bearish tendencies. However, short-term bullish corrections could provide temporary support for USD/SGD, aligning with the potential liquidity grab above the equal highs on the daily chart.
Interest Rate Outlook:
The Federal Reserve has shown hesitancy toward further rate cuts due to inflation concerns.
Robust labor market conditions, especially during the holiday season, reduce the immediate likelihood of aggressive rate cuts.
However, rising unemployment or stable-to-declining inflation could shift this outlook, leading to USD weakness and potential corrections in USD/SGD.
Upcoming Economic Catalysts:
Nonfarm Payrolls (NFP) and unemployment data later this week are expected to influence USD sentiment significantly. If unemployment increases as expected, it could lead to a broader decline in the U.S. Dollar, impacting USD/SGD.
Summary and Outlook
Technical Expectations:
Short-Term: USD/SGD is likely to push higher to liquidate the equal highs on the daily chart, given the consolidation and market behavior around these liquidity zones.
Post-Liquidity Grab: After clearing the highs, a correction is probable, particularly if the broader U.S. Dollar weakens. This correction could take the pair back toward key support levels, depending on fundamental triggers.
Key Factors to Monitor:
DXY price action, particularly around its short-term support zones.
NFP and unemployment data for clues on the U.S. labor market and inflation trends.
Any changes in Federal Reserve policy outlook or macroeconomic developments in Singapore.
Price Outlook:
In the short term, USD/SGD may target the equal highs as a liquidity zone.
In the medium term, the pair could correct lower following the liquidity grab, aligning with overextended technical patterns and potential USD weakness driven by fundamental factors.
By aligning technical insights with the fundamental outlook for the U.S. Dollar, traders can anticipate near-term bullish moves in USD/SGD, followed by a potential correction.
Silver XAG/USD Bearish FlagThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 30.11
2nd Support – 29.86
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell EURUSD Bearish ChannelThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0437
2nd Support – 1.0410
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
SHORT EUR/USDEURUSD is bearish and in a downtrend on the weekly timeframe.
EURUSD confirmed its down movement after breaking 1.05 area and the double top forming at that neckline at that timeframe.
The next target is below parity to previous year low 0.9535 and at the lower of the down channel & next big demand support zone at area 0.84-0.85.
usdsgd best level to short/hold tp1/tp2 +150/+300 pips swing 🔸Hello traders, let's review the D1 chart for USDSGD today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in USDSGD.
🔸Heavy overhead mirror S/R zone at 3520/3540 expecting reversal
from overhead resistance. current bid is 3510 so final push required
before we can get a decent entry on sell side.
🔸Recommended strategy for USDSGD traders: focus on short selling any rips/rallies near MS/R 3520/3540 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears +150 TP2 bears +300 pips final exit 3220 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
EURUSD: Best opportunity to buy for the long term.EURUSD is bearish on its 1D technical outlook (RSI = 40.973, MACD = -0.005, ADX = 14.482) but almost still oversold on 1W (RSI = 35.674). This is because after the November 18th 1W candle bottom on the LL trendline of the 2 year Channel Down, it has completed 2 red weeks in a row. Still, having rebounded on oversold 1W RSI territory, those low levels present an excellent buy opportunity for those who missed the bottom. Every bounce on the Channel Down bottom has made at least a +5.42% rally, and that is what we're aiming for (TP = 1.0900). This may coincide with a 1W MA200 test.
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USDCAD: Consolidation Phase Towards The TrendHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.42800 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.42800 support and resistance area.
Trade safe, Joe.
USDJPY Is Nearing The 153.400 Support Along With The TrendHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.400 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.400 support and resistance area.
Trade safe, Joe.