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USD (US Dollar)

EURUSD - Will the dollar weakness stop?!The EURUSD currency pair is located above EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. Maintaining the drawn ascending channel will lead to a continuation of the upward trend towards the channel ceiling. A correction of this currency pair towards the demand zone will provide us with its next opportunity to buy it. Donald Trump’s remarks about imposing 25% tariffs on imports from Canada and Mexico have sparked concerns among European companies. A report by Bank of America (BofA) highlights dozens of European firms that are vulnerable to these tariffs due to their supply chain dependencies and revenue exposure. Among these companies, the Italian automaker Stellantis stands out. According to the report, Stellantis operates 16 supply chain links in Canada and derives 47% of its total revenue from North America. Similarly, the German auto giant BMW has 18 supply chain links in Canada and generates 26% of its revenue from the United States. In the energy sector, the UK-based utility company National Grid, with a market value of €58 billion, has a significant presence in the U.S., where 50% of its assets and 54% of its revenue originate. Although its tangible supply chain exposure in Mexico and Canada is relatively low, its extensive operations in the U.S. make it highly susceptible to the negative impacts of these tariffs. Eurozone Bank Lending Survey – January 2025: • Credit Standards: In Q4 2024, corporate credit standards tightened due to rising perceived risks and reduced risk tolerance. • Mortgage Loans: Credit standards for household mortgages remained unchanged, but lending conditions for consumer credit tightened further. • Loan Demand: Mortgage loan demand surged significantly, while corporate loan demand remained weak. According to analysts at Standard Chartered, financial markets are currently overly focused on Donald Trump’s economic policies, potentially overlooking the risks associated with this week’s Federal Reserve meeting. The Federal Reserve is set to announce its latest interest rate decision today following a two-day meeting. It is widely expected that the interest rate will remain within the current range of 4.25% to 4.5%. However, investors are keen to find clues regarding the timing of future rate cuts. Based on market pricing, expectations suggest a 40-basis-point rate cut by December. A key unknown factor influencing this outlook is Donald Trump’s policies. He has recently called on the Fed to lower interest rates. Additionally, his tariff policies, which include imposing high tariffs on both allies and competitors, could further drive inflationary pressures. As a result, the Fed may proceed cautiously with its rate-cut cycle. However, Trump’s administration has not yet implemented widespread tariffs, though he has threatened to do so. Meanwhile, some Fed officials have recently signaled a more hawkish stance. There is also speculation that the Fed may seek to assert its independence at the beginning of Trump’s new presidential term by resisting his demands. If the Fed takes such a position, Trump may respond aggressively, which could further heighten market uncertainty.
Long
by Ali_PSND
Bullish bounce?USD/ZAR is falling toward the pivot and could bounce to the 1st resistance. Pivot: 18.5602 1st Support: 18.3265 1st Resistance: 18.8685 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
1
EURUSD 29 Jan 2025 W5- Intraday - US Interest Rate / PowellThis is my Intraday analysis on EURUSD for 29 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Tariff Discussions Continue: Still the main factor currently that effects the market and supporting USD with Trump insistence to apply Tariffs Plan. Powell Press Conference: Today Rate decision is already priced in but the market is waiting for Powell press conference to give clues on what will be the Fed plan with Trump's recent announcements as on one hand, he has expressed a strong commitment to reducing inflation; on the other, his proposed 25% tariffs on imports from Canada and Mexico, set to take effect on February 1, 2025, are anticipated to exert upward pressure on prices. 4H Chart Analysis 1️⃣ 🔹Swing Bullish 🔹INT Bullish 🔹Swing Continuation after BOS 2️⃣ 🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start. 🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback. 🔹Price is currently mitigating the 4H Demand and we could see some bullish move to facilitate the LTF pullbacks only. 3️⃣ 🔹Expectation is set for price to continue Bearish to facilitate the Daily Bearish Continuation. 15m Chart Analysis 1️⃣ 🔹Swing Bearish 🔹INT Bearish 🔹Swing Pullback Phase 2️⃣ 🔹Swing structure turned bearish after mitigating the Daily Supply zone. 🔹With the bearish BOS, a pullback is expected, currently INT structure is bearish and mitigating the 4H Demand. 🔹Price currently at the extreme of the Bearish INT structure and there is a HP that the Strong INT High could be taken out in order to facilitate the 15m Bearish Swing Pullback Phase. 3️⃣ 🔹Expectations is set neutral due to the following: US Interest Rate decision and Powell Press Conference. We are currently within the 4H demand and it’s tough to follow the 15m Bearish INT Structure and Short. Not yet Bullish iBOS to indicate that the 15m Swing Pullback is starting.
by Amr-Sadek
Bearish drop off pullback resistance?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit, Entry: 1.0463 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.0520 Why we like it: There is a pullback resistance level. Take profit: 1.0353 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. 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
Bearish drop?USD/CHF is rising towards the resistance level which is an overlap resistance that is slightly above the 61.8% Fibonacci retracement and could drop from this level to our tke profit. Entry: 0.9091 Why we like it: There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 0.9137 Why we like it: There is a pullback resistance level that aligns with the 71% Fibonacci retracement. Take profit: 0.9007 Why we like it: There is an overlap 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
USDINR Best sell signal you can find.The USDINR pair has been rising parabolically since the late September 2024 bottom. This rise has however most likely come to an end as the 1W RSI hit the top of its 16-year Resistance Zone. This Zone has been holding since the October 2008 High and as you can see, it has offered 7 excellent sell signals. Most of those times, the rejection hit at least the 1W MA50 (blue trend-line), so if you are looking for a long-term short trade, you can consider this. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
DXY rebounding on the 1D MA50 and bottom of Channel Up.The U.S. Dollar Index (DXY) has been trading within a Channel Up since the November 05 2024 Low and the break-out above the 1D MA200 (orange trend-line). Yesterday it made a new Higher Low exactly at the bottom of the Channel and shortly after breaching the 1D MA50 (blue trend-line). This MA recovery confirms the start of the pattern's new Bullish Leg. The previous two delivered a rise of exactly +4.50%, and as such we will be looking for a similar Target at 111.650. Note that, even though the 1D RSI resembles the May 15 2024 Low, which despite an initial rebound, it was rejected on the Lower Highs trend-line at the time, now the long-term trend has shifted to bullish as that Lower Highs trend-line turned into Support on the December 06 2024 contact. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot
1
S-P-E-L-LSpell seems VERY VERY interesting. Looking at spell and comparing it to XCN which had absolutely insane gains this past month. Spell could quite possibly do the same. Nearly 2000% to the top. Just like XCN with is waterfall downward with similar pushes near the bottom. Also volume is picking up heavily. one more touch to the top line and we could see a quick 80%+ push (practically a meme coin) We have 3 taps to the resistance line around $0.0018350. We could see the first push to $0.0033701 Small retrace and push all the way to $0.006 This is a risky trade, wait for confirmation before entering. Keep in mind it’s quick percentage up but it’s the same for down. Good luck and have fun with it.
COINBASE:SPELLUSDLong
by Ncard137
4
Understanding a Currency PegUnderstanding a Currency Peg: Definition, Mechanisms, and Implications Fixed exchange rates, a cornerstone of international finance, play a pivotal role in shaping global commerce and investment landscapes. This article delves into their intricacies, exploring the historical evolution, practical understanding, and the balance of benefits and challenges they present. Historical Context of Fixed Exchange Rates The concept of fixed exchange rate systems has evolved over centuries, but its modern form gained prominence with the Bretton Woods Agreement in 1944. This system was designed to rebuild the global economy after World War II by creating a stable international monetary framework. Under the Bretton Woods system, countries pegged their currencies to the US dollar, which in turn was backed by gold at a fixed rate of $35 per ounce. This arrangement aimed to maintain relative exchange rate stability, promote international trade, and prevent competitive currency devaluations. To support this fixed exchange rate regime, the International Monetary Fund (IMF) was established, providing financial assistance to countries facing balance of payments problems. While Bretton Woods initially succeeded in fostering economic stability, it began to falter in the 1960s due to rising inflation and balance of payment deficits in the US. In 1971, the US suspended gold convertibility, leading to the system’s collapse and a shift toward floating exchange rates. Despite its end, the legacy of fixed exchange rates continues, as many countries still choose to peg their currencies to major currencies like the US dollar or the euro, seeking the economic predictability such systems offer. Understanding Fixed Exchange Rates A fixed exchange rate is a system where a country's currency value is tied to another major currency or a basket of currencies. Specifically, when a currency peg is established, the government commits to maintaining the currency within a specified narrow range around the targeted rate, often within a band of ±1% to ±2%. Role of Central Banks and Foreign Reserves Central banks play a pivotal role in maintaining a pegged currency. To defend the peg, a central bank must actively intervene in the foreign exchange (forex) market. When the currency’s value drifts from the fixed rate, the central bank buys or sells its currency to adjust supply and demand, keeping the value within the target range. These operations require substantial foreign reserves—typically in the currency to which the domestic currency is anchored. These reserves act as a buffer to absorb shocks and counteract any pressures that could destabilise the peg. Impact on Monetary Policy and Interest Rates Maintaining currency pegging has a significant impact on a country's monetary policy. The central bank's primary focus becomes defending the peg, often at the expense of other economic goals, such as controlling inflation or stimulating growth. Since the central bank must prioritise the peg, it has limited ability to set interest rates independently. Instead, interest rates often need to align closely with those of the anchor currency’s country to prevent capital flight and maintain the anchor’s credibility. This lack of flexibility can lead to challenges, particularly when the economic conditions in the pegging country differ from those in the anchor currency’s economy. Implications of a Currency Peg For the pegging country, a currency peg may offer economic stability and predictability, which are vital for fostering a favourable environment for trade and investment. Businesses can plan with greater certainty, knowing conversion rates will remain stable. However, all this comes with significant challenges. Countries with fixed exchange rates often lose autonomy over their monetary policy, as maintaining the anchor becomes the primary focus. This can limit the country's ability to respond to domestic economic issues. Additionally, a currency peg can impact the trade balance; if the anchored currency is overvalued, it may harm exports, while an undervalued peg could increase inflation. On a global scale, pegged exchange rates influence international trade and investment flows by reducing exchange rate volatility, making global transactions smoother. However, these systems also carry risks. If a pegged currency becomes misaligned with its true economic value, it can attract speculative attacks, where investors bet against the currency, leading to potential financial crises. Such scenarios can destabilise not only the pegging country but also ripple through global markets and negatively impact the world economy. List of Fixed Exchange Rate Currencies As of 2024, several currencies operate under a fixed exchange rate system. Notable fixed exchange rate examples include: - Hong Kong dollar (HKD) - One of the most well-known currencies anchored to the USD, the HKD is maintained at approximately 7.8 to the US dollar, providing relative stability to Hong Kong’s financial markets since 1983. - United Arab Emirates dirham (AED) - Pegged to the US dollar since 1997, the AED is maintained at around 3.67 to 1 USD, supporting the UAE's oil-driven economy. - West African CFA franc (XOF) and Central African CFA franc (XAF) - Both pegged to the euro at a fixed rate of 655.957 CFA francs to 1 euro, these currencies provide economic stability across 14 African countries. - Bahamian dollar (BSD) - Anchored to the US dollar at a 1:1 ratio, the BSD facilitates trade and tourism in the Bahamas, closely linked to the US economy. - Danish krone (DKK) - Pegged to the euro within a narrow band, typically around 7.46 DKK to 1 euro, the krone's peg supports Denmark’s economic ties with the Eurozone. - Saudi riyal (SAR) - Pegged to the US dollar since 1986, the SAR is maintained at approximately 3.75 to 1 USD, stabilising Saudi Arabia's oil-reliant economy. Fixed Exchange Rate Pros and Cons While many economies choose a floating system nowadays, there are pros and cons of a fixed exchange rate. Advantages of a Fixed Exchange Rate - Stability in Global Trade: Pegged currencies reduce the uncertainty and risk associated with floating currencies, making it easier for businesses to plan and engage in international commerce. - Reduced Risk in International Investments: Investors are more likely to invest in countries with currencies that have predetermined rates because it lowers the risk of losing money through price fluctuations. - Control of Inflation Rates: Countries can maintain low inflation levels by pegging their currency to a stable, low-inflation economy. - Prevent Competitive Devaluations: Such a regime prevents countries from engaging in competitive devaluations, which may lead to a 'race to the bottom' and global economic instability. - Increased Policy Discipline: Anchored rates can impose discipline on a country's fiscal and monetary policies, as maintaining the peg requires consistent, responsible economic management. - Simplified Transactions: A fixed currency simplifies the process of global transactions by providing predictability in exchange costs, reducing the need for complex hedging strategies. Disadvantages of a Fixed Exchange Rate - Overvaluation or Undervaluation: Maintaining a set rate might lead to misalignment, where a currency may become overvalued or undervalued relative to its economic fundamentals. - High Costs of Maintenance: To maintain the peg, countries often need to hold large reserves of foreign currency, which may be costly and economically inefficient. - Lack of Monetary Policy Flexibility: Countries lose the ability to set their own interest rates and conduct independent monetary policy, as they must focus on maintaining the peg. - Vulnerability to External Shocks: Tied conversion rates can make a country more susceptible to economic problems in the nation to which its currency is pegged. - Reduced Responsiveness to Domestic Conditions: An anchored currency regime limits a country’s ability to respond to domestic economic changes, such as inflation, unemployment, or economic downturns. - Risk of Speculative Attacks: If investors believe a currency is overvalued or undervalued, they may engage in speculative attacks, leading to severe financial crises. Fixed Exchange Rates in Modern Trading In modern trading, understanding the dynamics of fixed currencies offers traders specific advantages and insights: - Forex Pairs: Traders can anticipate less volatility in forex involving a fixed value, allowing for more solid long-term trading strategies. - Indicator of Economic Policies: The status and changes in a fixed rate potentially signal shifts in a country's monetary and fiscal policies, providing traders with crucial information for decision-making. - Trade and Investment Decisions: Understanding which countries have pegged rates can guide traders in making informed decisions about trade and investment opportunities. The Bottom Line Grasping the nuances of fixed exchange rates is crucial for anyone involved in international finance. Whether weighing their pros and cons for trading or observing their impact on financial markets, this knowledge is invaluable. For those looking to apply this understanding practically, opening an FXOpen account can be a strategic step, offering a platform to navigate and capitalise on the opportunities in the global financial markets. FAQ What Does Pegging Currency Mean? The pegging currency meaning refers to fixing its value to another major currency or a basket of currencies. This is done to provide stability in international trade and reduce forex rate volatility. What Currencies Are Pegged to the Dollar? There are several currencies pegged to USD, including the Hong Kong dollar (HKD), United Arab Emirates dirham (AED), Saudi riyal (SAR), and Bahamian dollar (BSD), among others. These currencies maintain a fixed exchange rate with the dollar to ensure economic stability. Why Would Another Country Want to Peg Its Currency to the US Dollar? Countries peg their currency to the US dollar to gain economic stability, attract foreign investment, and stabilise trade with the US. The dollar’s global dominance makes it a reliable anchor for maintaining economic predictability. What Is a Disadvantage for a Country Utilising a Currency Peg? A significant disadvantage of a currency peg is the loss of monetary policy autonomy. The anchoring country must prioritise maintaining the peg, limiting its ability to respond to domestic economic conditions like inflation or recession. 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.
Education
by FXOpen
1
Bullish bounce off pullback support?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce tot he 1st resistance. Pivot: 2,721.59 1st Support: 2,692.70 1st Resistance: 2,763.31 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:XAUUSDLong
by ICmarkets
1
Potential bearish drop?The Aussie (AUD/USD) has reacted off the pivot and could drop to the 1st support which has been identified as a pullback support that aligns with the 138.2% Fibonacci extension. Pivot: 0.6283 1st Support: 0.6217 1st Resistance: 0.6326 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
Could the price reverse from here?USD/JPY is rising towards the pivot which is an overlap resistance and could drop to the 1st support. Pivot: 156.60 1st Support: 154.22 1st Resistance: 158.16 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
Heading into overlap resistance?The Swissie is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as an overlap support. Pivot: 0.9092 1st Support: 0.9011 1st Resistance: 0.9152 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) has reacted off the pivot and could drop to the 1st support. Pivot: 1.2503 1st Support: 1.2372 1st Resistance: 1.2602 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
EURUSD 28 Jan 2025 W5- Intraday - US Durable Goods & ConfidenceThis is my Intraday analysis on EURUSD for 28 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Tariff Discussions Continue: President Trump and Treasury Secretary Scott Bessant focused on tariff policies in their recent statements. Bessant's Proposal: Bessant suggested a universal tariff starting at 2.5%, with a gradual monthly increase of 2.5%, potentially reaching up to 20%. Trump's Tariff Plans: President Trump announced plans to impose tariffs on computer chips, pharmaceutical producers, and industries like steel, aluminum, and copper. Trump's Push for Higher Tariffs: Trump expressed a desire for tariffs significantly higher than 2.5%, contradicting Bessant's proposal. This added further uncertainty to the market. 4H Chart Analysis 1️⃣ 🔹Swing Bullish 🔹INT Bullish 🔹Swing Continuation after BOS 2️⃣ 🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start. 🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback. 🔹Price is currently mitigating the 4H Demand and we could see some bullish move to facilitate the LTF pullbacks only. 3️⃣ 🔹Expectation is set for price to continue Bearish to facilitate the Daily Bearish Continuation. 15m Chart Analysis 1️⃣ 🔹Swing Bearish 🔹INT Bearish 🔹Swing Pullback Phase 2️⃣ 🔹Swing structure turned bearish after mitigating the Daily Supply zone. 🔹With the bearish BOS, a pullback is expected during the session today as we are mitigating the 4H Demand zone. 3️⃣ 🔹Expectation is set to continue bearish to facilitate the 4H Swing pullback and Daily Bearish continuation.
by Amr-Sadek
USD/JPY -H1- Bearish FlagThe USD/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 154.30 2nd Support – 153.52 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
15
Bullish bounce off pullback support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.0441 1st Support: 1.0372 1st Resistance: 1.0535 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
1