USD
HelenP. I Gold will drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. Looking at the chart, we can see how the price has recently formed a narrowing wedge structure after a strong impulsive rally. The price reached a significant peak and then started consolidating, forming lower highs with fading bullish pressure. What we now see is a classic sign of price compression within a pennant pattern. Currently, the market is testing the key resistance zone between 3360 - 3380 points. This area aligns with the upper boundary of the wedge, and the price has already reacted to it multiple times. Buyers were unable to break through convincingly, indicating a potential exhaustion of momentum. Meanwhile, the lower boundary is represented by a dynamic trend line. Given this structure, I expect Gold can decline toward the support trend line and possibly reach 3300 points, my goal. The combination of horizontal resistance, trend weakening, and pattern tightening supports a short bias. Given the recent lower high, the rejection near resistance, and the wedge formation, I remain bearish and anticipate further decline. If you like my analytics you may support me with your like/comment ❤️
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold climbed higher, but very swiftly rejected our 0.365% zone, melting back down 740 PIPS. Should see a continuation to the downside.
But as I said yesterday, if we see a breach of $3,465 then we'll create an alternate analysis which'll show Gold leading towards a new ATH, creating a 'redistribution phase' at higher prices.
EURUSD update 7.05.2025Short-term growth to the resistance zone (~1.1400-1.1420),
Then, there was a reversal and impulsive fall—a break of support, further decline to levels below 1.1200, possibly to a Value Area Low.
Conclusion:
This is a bearish scenario, with a trap for longists at the resistance area and an emphasis on liquidity capture under support levels.
Best regards, EXCAVO
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Bullish breakout?WTI Oil (XTI/USD) is reacting off the pivot which is a pullback resistance and could potentially rise to the 1st resistance.
Pivot: 59.28
1st Support: 57.84
1st Resistance: 61.83
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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.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off 38.2% Fibonacci support?The Silver (XAG/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the pullback resistance.
Pivot: 32.74
1st Support: 32.25
1st Resistance: 33.38
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.
Falling towards pullback support?The Gold (XAU/USD) is falling towards the pivot and could bounce to he 1st resistance which has been identified as a pullback resistance.
Pivot: 3,361.29
1st Support: 3,310.00
1st Resistance: 3,490.34
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 141.80
1st Support: 140.13
1st Resistance: 145.44
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?The Swissie (USD/CHF) is reacting off the pivot which is an overlap support and could bounce to the 1st resistance which lines up with the 38.2% Fibonacci retracement.
Pivot: 0.8199
1st Support: 0.8116
1st Resistance: 0.8371
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.
Bearish reversal for the Aussie?The price is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.6536
1st Support: 0.6407
1st Resistance: 0.6619
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.
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1424
1st Support: 1.1268
1st Resistance: 1.1484
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that line sup with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 142.10
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 141.15
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
Take profit: 143.78
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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Bullish bounce off 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3336
Why we like it:
There is a pullback support that line sup with the 50% Fibonacci retracement.
Stop loss: 1.3296
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.3419
Why we like it:
There is a pullback resistance.
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.
Is this an Asian currency crisis in reverse? The Taiwan Dollar surged more than 5% against the U.S. dollar on Monday, briefly pushing USD/TWD below the 29.00 mark.
The two-day rally—totaling nearly 10%—is the sharpest in over three decades. But Taiwan isn’t alone. A broader wave of U.S. dollar selling has lifted several Asian currencies, including the Singapore Dollar, South Korean Won, Malaysian Ringgit, Chinese Yuan, and Hong Kong Dollar.
Goldman Sachs reported on Tuesday that investor positioning has shifted significantly, with clients moving from short yuan positions to long ones—suggesting a growing expectation of continued U.S. dollar weakness.
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold has climbed higher into our 0.365% zone, which I highlighted on yesterday's analysis. We will keep a close eye out to see if price action offers any rejection around this zone, for sellers to kick in. However, the closer it gets to the ATH, the higher chance of it creating a new ATH.
USD/CAD - Wedge Breakout (06.05.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.3893
2nd Resistance – 1.3928
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Bitcoin has a strong bullish momentum, could it rise further?The price is falling towards the pivot which is a pullback support and could bounce to the pullback resistance.
Pivot: 92,947.86
1st Support: 88,510.65
1st Resistance: 99,514.34
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.
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6000 will confirm the bullish momentum.
The measured move target is 0.6075.
We look to Buy at 0.5950 (stop at 0.5900)
Our profit targets will be 0.6050 and 0.6075
Resistance: 0.6000 / 0.6025 / 0.6050
Support: 0.5950 / 0.5925 / 0.5900
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GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold starting the week with some bullish momentum. We've seen a 'BOS' to the downside, which is now being followed by a retest of a supply zone. This zone can either be around $3,317 (0.618% Fib) or higher around $3,400 zone (0.365% Fib).
Don't forget we're in a 'Wave 4 Correction' of the Elliott Wave Theory strategy. Wave 4 always has choppy price action to trap in late buyers & early sellers.
Watching carefully USDCAD this weekWith the abundance of US & CAN data this week, we may see some interesting action in USDCAD pair.
Let's dig in.
Let us know what you think in the comments below.
Thank you.
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XAU/USD - Channel Breakout (05.05.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3321
2nd Resistance – 3357
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EURO - Price can rise to top part of flat from support areaHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago, price entered to wedge, where it bounced from support line and rose to $1.0860 level, breaking $1.0470 level.
Then price broke $1.0860 level too, but then it made correction to support line of wedge and then made upward impulse.
Euro exited from wedge and continued to grow to $1.1260 level, after which broke this level and started to trades in flat.
Inside flat, price rose to top part of flat and then made correction to support area, where it some time traded close.
At the moment, Euro trades inside support area, near support level, so, I think that price can correct to $1.1260 level.
After this movement, in my mind, EUR can start to grow to $1.1570 top part of the flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD Channel Up favors buying but keep an eye on this.The EURUSD pair has been trading within a Channel Up pattern since the February 28 Low and its current Bearish Leg almost reached the 0.382 Fibonacci retracement level. That is where the previous Bearish Leg made a Higher Low (March 27) and rebounded.
This keeps for now the bullish trend intact and it will remain so for as long as the price remains within the Channel Up. The short-term Target is the -0.236 Fib extension at 1.17500. If on the other hand it breaks below the Channel Up, be ready to take the small loss and sell towards the 1D MA200 (orange trend-line) at 1.08500, which is the level that supported the market on that previous March 27 Low.
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