Forex market
Bullish bounce?The Loonie (USD/CAD) is falling towards the pivot that aligns with the 161.8% Fibonacci extension and could bounce to the 1st resistance, which has been identified as an overlap resistance.
Pivot: 1.3604
1st Support: 1.3441
1st Resistance: 1.3953
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 off pullback support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 0.8079
1st Support: 0.7803
1st Resistance: 0.8462
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?USD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 140.70
1st Support: 137.16
1st Resistance: 145.54
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.
Heading into Fibonacci confluence?The Cable (GBP/USD) is rising towards the pivot and could reverse to the 1st support, which acts as a pullback support.
Pivot: 1.3640
1st Support: 1.3459
1st Resistance: 1.3747
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.
Could the Fiber reverse from here?The price is rising towards the pivot, which lines up with the 127.2% Fibonacci extension and could reverse to the 1st support.
Pivot: 1.1690
1st Support: 1.1058
1st Resistance: 1.1910
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’s Wedge Break: Fakeout, Retest, or Takeoff?EURUSD has snapped its trendline and may now aim for the far side of a large monthly wedge. But the big question: does it pull back for a retest or push higher straight away? Two trade ideas here—one if it comes back, one if it launches. Here’s how we’re preparing for both outcomes and the key levels to manage risk.
EUR_CAD RISKY LONG|
✅EUR_CAD is going down to retest
A horizontal support of 1.5570
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 1.5630
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUD-CAD Will Go UP! Buy!
Hello,Traders!
AUD-CAD made a retest
Of the horizontal support
Level of 0.8880 and we
Are already seeing a
Bullish rebound so we are
Locally bullish biased and
We will be expecting a
Further bullish move up
Buy!
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EUR_NZD LOCAL LONG|
✅EUR_NZD is going down now
But a strong support level is ahead at 1.8940
Thus I am expecting a rebound
And a move up towards the target of 1.9022
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSDLooking for a gap-up this week.
It will be interesting really, a de-based USD competing China, and a secure EUR.
This is logical to me, if you reduce the value of your currency you can compete China for sure but if there is recession, reduced trades, then valuable EUR would also be logical. What a week to watch, shall we see a 20 year trend break on EUR this week or not?
USDJPY: A bigger decline is expected in a broader pictureUSDJPY: A bigger decline is expected in a broader picture
On the USDJPY chart I have outlined some strong technical elements:
Key target levels are found near 141,200 and 138,000
Downward momentum is expected to increase, driven by macroeconomic factors related to Trump’s tariffs and the BOJ, which is also facing potential problems and may increase its bond-buying program.
Another topic is related to the BOJ’s interest rates. With the increase in CPI data reported last week, the chances of the BOJ raising rates again are increasing.
The price is currently around 142.55, and a break below the first support area found on the left side of the chart could signal further declines.
You may find more details in the chart!
Thank you and Good Luck!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD-CHF Free Signal! Buy!
Hello,Traders!
USD-CHF is once again
Retesting a horizontal support
Level around 0.8189 and the
Pair seems to have formed
A H&S pattern, so we are bearish
Biased, however, a local bullish
Rebound from the support
Is possible so while risky
A long trade still makes sense
With the Take Profit of 0.8238
And the Stop Loss of 0.8184
Buy!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
AUDCAD Short UpdateAfter seeing some more development the 4h has now turned bearish, lining up with my bearish bias on the Daily and Weekly timeframes. The blue zones are my daily areas of interest (support & resistance) which i would like to see price come back into to look for further opportunities short. Let me know what you think! 💭