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Bullish momentum to extend?The Loonie (USD/CAD) has reacted off the pivot and could rise to the 1st resistance. Pivot: 1.4303 1st Support: 1.4303 1st Resistance: 1.4469 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
BTCUSD Is Too Overbought?HI today you can see the BTCUSD chart, and the higher time frame charts have shown some potential overbought levels. Is it too risky to buy and hold now? There are some important old levels that have shown some support in recent years. Be careful of the market now with BTCUSD, thanks. Is it possible that the banks can short more now? For now I am following the EURUSD more closer, thank you. Please support us by following me thanks! #btcusd #eurusd #btc #usd #eur
BITSTAMP:BTCUSD
by ilyaskhan1994
EURUSD: Channel Down showing no signs of reversal yet.EURUSD is on a strong bearish 1D technical outlook (RSI = 37.852, MACD = -0.006, ADX = 18.889) as it is trading inside a Channel Down since September 30th 2024. As long as the 1D MA50 is unbroken, the bearish trend will continue to prevail. Right now the trend has slowed down, but the 1D RSI Rectangle clearly shows that a local top (LH) is in. We will remain bearish, aiming for the Channel'd middle (TP = 1.01700). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Bearish drop for the Cable?The price 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 top our take profit. Entry: 1.2371 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.2489 Why we like it: There is a pullback resistance that is slightly below the 78.6% Fibonacci retracement. Take profit: 1.2239 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
Could the price reverse from here?USD/CHF is currently reacting to the resistance level, which is a pullback resistance. A reversal from this level could indicate a double-top pattern, potentially leading to a price drop toward our take-profit target. Entry: 0.9136 Why we like it: There is a pullback resistance level. Stop loss: 0.9173 Why we like it: There is a resistance level at the 127.2% Fibonacci extension. Take profit: 0.9058 Why we like it: There is a pullback support level that lines up with the 61.8% 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
1
Bearish drop for the Fiber?The price is rising towards the resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.0346 Why we like it: There is a pullback resistance that is slightly below the 50% Fibonacci retracement. Stop loss: 1.0381 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 1.0263 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
Bearish reversal?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns wit the 78.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 158.31 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Stop loss: 158.77 Why we like it: There is a resistance level at the 100% Fibonacci projection. Take profit: 157.66 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
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.
COINBASE:HBARUSDLong
by Novi_Fibonacci
AUDUSD - stronger dollar, what consequences will it have for us?The AUDUSD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is moving in its downward channel. In case of a valid failure of the support range, we can see the bottom of the downward channel and buy in that range with a suitable risk reward. If the downward momentum decreases, we will look for buy positions on the support range. According to the official data released by the Australian Bureau of Statistics (ABS) on Thursday, Australia’s retail sales index increased by 0.8% in November compared to the previous month. In October, the index had grown by 0.5% after being revised down from an initial 0.6%. However, this growth fell short of market expectations, which had predicted a 1.0% rise. Additionally, newly released foreign trade data from the ABS on Thursday showed that Australia’s trade surplus reached AUD 7,079 million in November, surpassing the market forecast of AUD 5,750 million and the previous month’s revised figure of AUD 5,670 million (adjusted from AUD 5,953 million). Details of the report indicate that Australian exports rose by 4.8% month-over-month in November, compared to a revised 3.5% in October. Meanwhile, imports grew by 1.7% in November, compared to a flat 0% growth in October (adjusted from 0.1%)Meanwhile, JPMorgan reported that the US dollar has maintained its value contrary to expectations and may continue to do so. However, the bank’s analysts believe further appreciation of the dollar is limited. Key Factors Influencing the US Dollar • Global Growth Divergence and Central Bank Policies: Disparities in global economic growth have led to significant differences in monetary policies. Additionally, the yield gap between US 10-year bonds and those of key trading partners has reached its highest level since 1994. • Sustained Strength of the US Dollar: Despite two rate cuts by the Federal Reserve in 2024, the US dollar appreciated by 7%. The real effective exchange rate (REER) also remains near its historical peak. • Reasons Behind Dollar Strength: 1. Economic Growth Disparity: The US economy grew by 2.7% in 2024, compared to 1.7% growth in other developed markets. 2. Monetary Policy Differences: The limited rate cuts by the Federal Reserve (44 basis points projected for 2025) compared to larger cuts by the European Central Bank (110 basis points) and rate hikes by Japan (47 basis points) have sustained the yield gap. 3. Policy Shifts: New government policies, such as domestic production support, tariffs, and deregulation, could bolster economic growth and strengthen the dollar. • Long-term Constraints on Dollar Strength: 1. The US dollar is historically overvalued (two standard deviations above the 50-year average), indicating limited room for further appreciation. 2. Structural issues, such as the US trade deficit (4.2% of GDP as of September 2024), could eventually pressure the dollar downward. • Impacts of Dollar Strength: 1. Challenges for US-Based Investors: A strong dollar could reduce the performance of international companies and increase export costs. 2. Negative Effects on US Companies with Extensive International Operations: These businesses might suffer due to the dollar’s strength. Assessing risks related to the dollar’s strength is essential for investors. While the dollar may continue to rise in the short term, structural factors and historical trends suggest significant downward pressure in the long term.
Long
by Ali_PSND
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot which lines up with the 50% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 1.0362 1st Support: 1.0262 1st Resistance: 1.0424 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
Bullish bounce off pullback support?The Loonie (USD/CAD) has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 1.4364 1st Support: 1.4341 1st Resistance: 1.4427 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
Potential bullish reversal?WTI oil (XTI/USD) has reacted off the pivot which could indicate a double bottom pattern which might lead to a potential price to the the 1st resistance that aligns with the 50% Fibonacci retracement. Pivot: 72.98 1st Support: 71.99 1st Resistance: 74.22 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:XTIUSDLong
by ICmarkets
1
Heading into 127.2% Fibonacci resistance?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 2,676.20 1st Support: 2,644.09 1st Resistance: 2,700.39 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:XAUUSDShort
by ICmarkets
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 29.85 1st Support: 29.50 1st Resistance: 30.70 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
Heading into 38.2% Fibonacci resistance?NZD/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: 0.5630 Why we like it: There is a pullback resistance level that aligns with the 38.32% Fibonacci retracement. Stop loss: 0.5659 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 0.5587 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
USDJPY: Channel Up extending its 2nd bullish wave.USDJPY continues to trade on an highly bullish 1D technical outlook (RSI = 66.571, MACD = 1.090, ADX = 47.294) as today made a new high inside the 4 month Channel Up. It is on its 2nd bullish wave and it has started its 2nd stage, as it crossed above the 0.382 Fibonacci level, much like the previous bullish wave on October 21st. Aim for the 0 Fib near the top of the Channel (TP = 164.000) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope