USDCHF POSSIBLE TRADE SETUPPotential Trade Setup on USDCHF
The price broke out of a strong intraday resistance zone, although the Trend remains bullish and the set Trendline keeps the price on the higher part of the market.
The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade.
A BUY opportunity is at the top above the weekly Low at 0.88818.
You may find more details in the chart!
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USD
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Why is the NZD attracting buyers?The NZD/USD pair has shown significant resilience, climbing to 0.5631 this week, marking a solid recovery from its previous low of 0.5542. This upward momentum is largely driven by China's proactive economic stimulus measures, which have positively impacted New Zealand due to their strong trade relationship. The People's Bank of China’s commitment to maintaining liquidity and stabilizing the Yuan has provided additional support to the kiwi, enhancing its trade outlook. However, traders remain vigilant, focusing on forthcoming decisions by the Reserve Bank of New Zealand and monitoring global market conditions closely. Despite the recent gains, the US dollar's overall strength, supported by a robust economic outlook for 2025, continues to exert pressure, creating a dynamic trading environment for the NZD/USD pair. As these factors converge, the pair's trajectory will depend on the interplay between domestic policies in New Zealand and broader international economic developments.
USDJPY consolidating before the next leg up.USDJPY is trading inside a Channel Up since September 16th and in the past 4 weeks has been ranging.
This consolidation was also seen on the previous Channel Up pattern of 2024, halfway through the pattern.
The 1day RSI patterns among the two are identical, which means that this is a strong buy opportunity.
Buy and aim for Resistance A at 162.000 as a short term, low risk target.
Previous chart:
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EURUSD Falling Wedge on a bullish divergence.EURUSD is trading inside a long term Falling Wedge and today is posting a strong bullish 1day candle.
The 1day RSI is on a Bullish Divergence (higher lows) for almost 3 months, indicating that a long term trend change to bullish is about to take place.
We expect the first bullish wave upon the Wedge's break out to be contained under the 1day MA200.
Buy and target 1.06900.
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Bullish bounce for the Kiwi?The price is falling towards the support level which is an overlap support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5572
Why we like it:
There is an overlap support level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 0.5542
Why we like it:
There is a pullback support level.
Take profit: 0.5611
Why we like it:
There is a pullback resistance level.
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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.
Potential bullish rise?EUR/USD has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 1.0263
Why we like it:
There is a pullback resistance level.
Stop loss: 1.0192
Why we like it:
There is a pullback support level.
Take profit: 1.0348
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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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.
GBPUSD /Sterling Hits 8-Month Low Amid Bearish MomentumGBP/USD Analysis
Sterling Weakens to an 8-Month Low
The British pound has dropped to $1.240, marking its lowest level in eight months. This decline is driven by concerns over the UK’s economic resilience and a stronger US dollar.
The UK economy remains stagnant, with revised Q3 figures showing no growth, adding to the challenges faced by Prime Minister Keir Starmer's new government. Furthermore, the Bank of England's dovish stance in its final 2024 rate decision has placed additional pressure on the pound.
Trade tensions also weigh on the pound, particularly with former US President Trump's proposed tariffs, which could disrupt UK trade.
Technical Outlook
The GBP/USD pair maintains a bearish momentum, though a correction to 1.2485 is possible, especially if the price stabilizes above 1.2409.
If the price breaks 1.2485 and closes a 4-hour candle above it, this could signal the start of a bullish continuation towards 1.2610.
Conversely, if the price reverses and stabilizes below 1.2409, it could drop further to test 1.2315.
A sustained move below 1.2409 would strengthen the bearish outlook, with potential targets at 1.2315 and 1.2215.
Key levels
Pivot Line: 1.2409
Resistance lines: 1.2485, 1.2532, 1.2611
Support Lines: 1.2315, 1.2215, 1.2150
Trend Outlook
Consolidation: Between 1.2409 and 1.2485
Bearish: Below 1.2400
Bullish: Above 1.2486
USD Index (DXY) Soars to 2-Year High!🚀💵 USD Index ( TVC:DXY ) Soars to 2-Year High! 📈
The U.S. Dollar Index just hit above 110, a peak not seen since November 2022! Thanks to strong U.S. economic data, but is this the top or just the beginning? 🧐
Check out the trends on #TradingView for deeper insights! 🔍📊
#USD #DXY #ForexTrading #EconomicTrends
Potential bullish rise?The Gold (XAU/USD) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 2,658.19
1st Support: 2,637.52
1st Resistance: 2,689.56
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 off 50% Fibonacci resistance?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 50% Fibonacci support.
Pivot: 0.5576
1st Support: 0.5557
1st Resistance: 0.5640
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?USD/JPY has reacted off the pivot and cold drop to the 1st support which is a pullback support.
Pivot: 0.6203
1st Support: 0.6162
1st Resistance: 0.6222
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 off 61.8% Fibonacci resistance?The Cable (USD/CAD) is rising towards the pivot which liens up with the 61.8% Fibonacci retracement and could drop to the 1st support.
Pivot: 1.4403
1st Support: 1.4340
1st Resistance: 1.4442
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.
XAUUSD - 4hr | Rising WedgeSimple Trading: Rising Wedge Pattern
GOLD has been trailing up for the past week. The Price of gold has currently broken below the rising wedge pattern, which means a huge sell-off may occur. At the moment, we are waiting for the retest of previous support to confirm new resistance. Once the New resistance is confirmed, we will see price reject the 2680-90 area and push toward the new bearish target of 2615. Pay close attention to the smelling time frames. Look for FVG's to take sell positions
NZDUSD to find sellers at market price?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5540 will confirm the bearish momentum.
The measured move target is 0.5475.
We look to Sell at 0.5585 (stop at 0.5625)
Our profit targets will be 0.5485 and 0.5470
Resistance: 0.5550 / 0.5580 / 0.5600
Support: 0.5525 / 0.5500 / 0.5475
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.0251
1st Support: 1.0194
1st Resistance: 1.0289
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.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.22000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.22000 support and resistance area.
Trade safe, Joe.
Bearish drop?XAU/USD has reacted off the support level which is a pullback support and could drop from this level to our take profit.
Entry: 2,665.13
Why we like it:
There is a pullback support level.
Stop loss: 2,680.68
Why we like it:
There is a pullback resistance level.
Take profit: 2,636.56
Why we like it:
There is an overlap support level that lines up with the 78.6% 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.