DJ FXCM Index
Bullish bounce off overlap resistance?The US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 97.78
1st Support: 95.22
1st Resistance: 101.81
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.
EURUSD: Support & Resistance Analysis For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis
and important supports & resistances for EURUSD for next week.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Weekly FOREX Forecast: USD Weakness Continues. Buy The Majors!This is the FOREX futures outlook for the week of May 25 - 31st..
In this video, we will analyze the following FX markets:
USD Index EUR GBP AUD NZD CAD CHF JPY
USD Index has been bearish for weeks. Expect that to continue as Trump threatens EUR and Apple with tariffs.
Buying against the USD is the best bet. Notice the other major currencies charts are showing bullish price action in the form of Bullish Flags or prices nearing buy side liquidity.
Run with the bulls!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
USD/JPY - H1 - Channel Breakout (17.05.2025) The Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout 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 – 142.40
2nd Support – 140.17
🎁 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/AUD - Bullish Channel (22.05.2025)The GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel 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 – 2.0961
2nd Resistance – 2.1047
🎁 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BTC/USD IS A STRATEGIC CORRECTION OR A NEW RALLY AHEAD?BTC/USD 24 MAY – IS A STRATEGIC CORRECTION OR A NEW RALLY AHEAD?
🌐 MACRO & FUNDAMENTAL CONTEXT
Federal Reserve Outlook: Recent statements from Fed officials remain hawkish, signaling that interest rate cuts may not arrive soon. Inflation data remains sticky, adding pressure on risk-on assets like crypto in the short term.
Market Sentiment: Investors are cautious, with capital flowing back into safer assets amid global uncertainty. However, long-term sentiment on BTC remains strong, supported by fundamentals.
On-Chain Metrics: Wallet activity and hash rate growth continue to reflect strong underlying demand. This suggests accumulation despite short-term price pressure.
📉 TECHNICAL STRUCTURE (H1 CHART)
BTC/USD is currently correcting after reaching the 111,947 resistance area. Price bounced from the 106,831 support zone and is now approaching the mid-range levels again.
Chart Formation: A possible "bull trap" pattern is forming. Price may retest the 110,000 – 111,947 supply zone before deciding the next move.
EMA Signals: Short-term EMAs have crossed downward on the H1 timeframe, indicating a weakening bullish momentum.
🎯 TRADE SETUPS FOR TODAY
🔻 SCALP SELL ZONE:
Entry: 111,800 – 111,950
Stop Loss: 112,200
Targets: 110,000 → 108,500 → 106,800 → 102,567
🔺 BUY ZONE (PULLBACK SUPPORT):
Entry: 106,800 – 106,600
Stop Loss: 106,200
Targets: 107,800 → 109,000 → 110,000
🔍 TECHNICAL KEY LEVELS
Resistance Zone: 111,947 – 112,000
Support Zone: 106,831 → 106,600 → 102,567
FIBO Key Levels: 0.5 – 109,393 | 0.382 – 108,763
⚠️ STRATEGY OUTLOOK
If BTC breaks above 112,000 with strong volume, expect a bullish continuation toward 114,000+ levels.
However, if price fails to hold above 110,000 and drops below 106,800, a deeper correction to 102,500 may follow.
📌 CONCLUSION
"BTC is at a decision point, trading between macro hawkish pressure and technical liquidity zones. Stay flexible and wait for confirmation before committing heavily."
Watch the US Jobless Claims data tonight for volatility triggers.
Avoid emotional trades. Use strict risk management.
Follow this profile for more real-time plans and updates.
The future trend for Bitcoin is very likely to be bearish.Hello everyone
According to what I get from the chart and also from the RSI, we are going to have a downtrend
From the part where the red arrow is placed, we are going to have a temporary or maybe long-term downtrend to the desired support levels
USDJPY Channel Down rejection aiming for the 2024 Support.The USDJPY pair has been trading within a Channel Down pattern since the January 10 2025 High and right now is on its latest Bearish Leg, an outcome of the rejection near the 1D MA200 (orange trend-line).
This has also been confirmed by the 1D MACD Bearish Cross and the next technical Support is on 139.600. By the time it gets tested, the price may also make contact with the 1W MA200 (red trend-line). Our short-term Target is 139.600.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USD Bears Take Over After 102 ResistanceTiming moves can be difficult on both long and short-term basis. But when price goes oversold on the weekly chart, it can be really difficult to chase the move lower, such as we saw in DXY back in late-April.
The currency hit a major spot of confluent support on Easter Monday and at that point RSI on the weekly was in oversold territory for only the second time in the past seven years.
As I had highlighted in this post () it was the 102 level that I wanted to see DXY trade through to illustrate bullish control following that oversold reading.
It took a few weeks, but last Monday saw an open door for bulls to make the statement move - but they fell 2 pips shy of the big figure and since then, sellers have taken more and more control of the matter.
This is where the proverbial plot thickens as there's now no oversold reading on the weekly DXY chart, and sellers have an open door to push for a major low.
On that front, we will likely need to see a breach of the 140.00 level in USD/JPY to allow for a push to a fresh low, and given the momentum in both USD and USD/JPY from the past week, that's not something that I would want to discount.
But next week is the final week of May trade and it's a big week for both markets. USD/CAD remains of attraction for USD bears given the longer-term range that remains in play there. - js
USD / INR - 2025 & 2026 will decide the path3M candle (Q1 2025) printed a bearish signal with a top at $88.
Structure looks weak for now, a break below this candle could confirm a bearish shift.
DXY is cooling off due to a dovish Fed outlook, easing inflation, and broader macro rotation into risk assets. If the 100–102 zone breaks, expect extended downside which could support INR, gold, crypto, and other non-USD assets.
First Support - $63.64
USD/CAD - Triangle Breakout (23.05.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout 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 – 1.3792
2nd Support – 1.3760
🎁 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
gold on sell#XAUUSD is trying to correct back above week high 3345 but unfortunately it's need a breakout above the today high to continue.
Below the 3322 breakout shows a strong fall on which target till 3286, stop loss 3331.
Above the 3335 shows a bullish range which will reach 3344, around 3344 will either decline and head sell or reach the 3367 limit. Below 3312 shows another bearish continuation but multiple breakout will decide.
GBP/USD - Triangle Breakout (23.05.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle 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 – 1.3502
2nd Resistance – 1.3534
🎁 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD: MACD Cross confirms more upsideGBPUSD is bullish on its 1D technical outlook (RSI = 59.696, MACD = 0.006, ADX = 36.278) as it's been inside a Channel Up since the start of the year (January 13th 2025 low). At the moment the 1D MA50 is holding and provides the short term support. The 1D MACD just formed a Bullish Cross, validating the new bullish wave. We are bullish, aiming for another +3.63% HH rise (TP = 1.3600).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
gold on sideways#XAUUSD have retest below 3283 which reverse back above 3314, now we expect bullish to take place from 3317.44.
Above the zone 3317.44 shows a bullish breakout which will target 3346 back. Stop loss 3307
Below 3307 have bearish formation which will continue selling till 3284 next bearish zone-3260.
BREAKOUT OR REJECTION? WATCH 0.64137 KEY ZONE CLOSELY! AUDUSD 22/05 – BREAKOUT OR REJECTION? WATCH 0.64137 KEY ZONE CLOSELY!
🌐 MACRO OVERVIEW
DXY is starting to lose momentum after a sharp rally fueled by the Fed’s hawkish stance. However, there’s still no clear signal of an imminent rate cut.
Meanwhile, the RBA (Reserve Bank of Australia) maintains a steady policy, offering short-term support for AUD. While rates remain unchanged, the central bank’s cautious tone adds a defensive layer for the Aussie.
On the trade front, Australia has seen marginal recovery in commodity prices, though ongoing concerns about Chinese economic slowdown continue to weigh on sentiment.
📊 TECHNICAL ANALYSIS (Timeframes: H1 – H4)
AUDUSD is forming a tight symmetrical triangle, with lower highs and higher lows — a typical precursor to a breakout.
The current price at 0.6418 is sitting right along the lower trendline. Price action here is critical to determine today’s direction.
🔍 Scenario A – Upside Breakout (30% probability):
If price breaks and closes above 0.64700–0.64910, we could see bullish continuation toward the 0.65134 resistance zone.
🔍 Scenario B – Breakdown (70% probability):
A strong break below 0.64137 could trigger a move toward 0.63964 and potentially deeper into the 0.63640 liquidity zone.
🎯 TODAY'S TRADE PLAN
🔵 BUY SCALP (only if price reacts strongly at trendline support)
Entry: 0.6414 – 0.6416
SL: 0.6408
TP Targets: 0.6445 → 0.6470 → 0.6490
🔴 SELL SETUP (if triangle is broken to the downside)
Entry: 0.6405 – 0.6396
SL: 0.6420
TP Targets: 0.6364 → 0.6340
⚠️ IMPORTANT NOTES
Expect high volatility during the U.S. session as PMI and Unemployment Claims data are released.
Stick to your TP/SL levels with discipline — the market may sweep liquidity on both sides before choosing a direction.
📌 SUMMARY:
AUDUSD is consolidating in a clean technical pattern while macro uncertainty looms. Whether we break up or down, the key is to trade what the market gives — not what we think. React to confirmation, not prediction.
Crucial levels for DXY (USD Basket), Risk Trigger On/OffCrucial levels for DXY. If it breaks lower than the lower trendline it tells me that assets like BTC, Gold, Silver, Copper, Palladium and Platinum can shoot to new ATH´s. If the level holds then I think we could hit a correction in the risk assets among assets already mentioned.
TVC:DXY COMEX:HG1! OANDA:XCUUSD OANDA:XAUUSD FX_IDC:XAUUSD ICEUS:DXY FX_IDC:XAGUSD TVC:PLATINUM TVC:PALLADIUM
The break-up (a must-watch chart)One of the most important—and unusual—developments in the market right now is the combination of rising US bond yields and a falling US dollar.
Normally, when bond yields go up, the dollar strengthens. It's similar to a high-interest bank account: if you can earn more by holding US assets, global investors tend to pile in, increasing demand for the dollar.
But that’s not what we’re seeing today.
Instead, yields are rising while the dollar weakens—something that’s more often associated with emerging markets facing debt concerns. It signals a deeper issue: despite higher returns on offer, investors are becoming wary of the underlying fundamentals.
In short, **America’s massive debt load and relentless money printing may be starting to catch up—**even with the world’s reserve currency. And the market is beginning to take notice.
This is important to all asset classes moving forward. Keep your eyes peeled on it.
gold on buy#XAUUSD have regain the pivot support which shows bullish continuation can follow. Multiple entry's shows buy, 3294.7,3304 and 3314.6
Below 3294.7 will kick start bullish target 3346, stop loss 3282.
Below the 3273 have a strong bearish breakout which will drop the price. But depending on H4 if prices closes above 3307 then possible sell can follow from there unless price is above 3314.6
Bearish drop?US Dollar Index (DXY) is reacting off the pivot and could potentially drop to the 1st support.
Pivot: 100.21
1st Support: 98.92
1st Resistance: 101.09
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.