Bearish reversal off 61.8% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6867
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6909
Why we like it:
There is a pullback resistance level.
Take profit: 0.6795
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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Forexsignals
Overlap support ahead for the Cable?The price is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3266
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.3211
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.3424
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.
Bearish reversal off pullback resistance?USD/CAD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3493
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3547
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 1.3421
Why we like it:
There is a pullback support.
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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.
Bullish rise?EUR/NOK is falling towards the pivot and could bounce to the 61.8% Fibonacci resistance.
Pivot: 1.74550
1st Support: 11.66510
1st Resistance: 11.85168
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.
Potential bullish rise?CAD/CHF has reacted off the pivot which has been identified as a pullback resistance and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 0.62921
1st Support: 0.62404
1st Resistance: 0.63641
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 50% Fibonacci support?NZD/CAD is reacting off the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance.
Pivot: 0.8368
1st Support: 0.8368
1st Resistance: 0.8488
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.
BTC making buy zone BTC rise expected read the caption Bitcoin halving is here, an event expected to raise the curtain on the next market cycle. There has been a lot of turbulence in the market of late. Events such as flows from exchange-traded funds (ETFs) and tensions in the Middle East between Iran and Israel have sent traders into their shells. However, there could be some relief in the market after Iranian officials indicated there are no plans to retaliate
SAU continues to rise after setting a recordWeaker US macroeconomic data has put significant downward pressure on the USD, pushing it closer to its lowest level this year while pushing gold prices to a new record high. The Consumer Confidence Index fell to 98.7 in September, down from 105.6 in August, while Current Conditions fell to 124.3 from 134.6.
A Richmond Fed survey showed manufacturing activity remained weak, with the composite index falling to -21 in September from -19 in August. The CME Group’s FedWatch tool shows that markets are pricing in a more than 60% chance of the Fed cutting interest rates by another 50 bps at its November meeting.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
EURCAD ANALYSISHey traders, so i am glad all our analysis for last week played out well.
Here is another one for EURCAD, my analysis shows a sell from the current price point all the way down. You might want to wait for any other confirmations that resonates with your trading styles and let's eat this.
Gold prices are likely to surpass $2,700/ounce, at the earliest.The expert said that the price of gold is likely to exceed 2,700 USD/ounce, as early as this weekend, if there is more information about the US Federal Reserve (FED) continuing to cut interest rates and Middle East tensions continuing to escalate.
extended its record rally, trading at 2,658.6we are seeing a price setup from XAU and the price is getting higher every day, every day there is a price record
expect that if the trend of interest rate cuts and political tensions in the Middle East continue to escalate, there is a possibility that gold will rise to $3,000/ounce in the medium term
Speculation surrounding the possibility of some new moves by Iran has boosted safe-haven demand for the precious metal, said Bob Haberkorn, senior market strategist at RJO Futures.
NZDJPY Huge long-term bullish signal emerged.The NZDJPY pair gave us an excellent sell signal last time (July 10, see chart below) and not only hit our 95.580 Target but broke below and invalidated the medium-term Channel Up:
The long-term Channel Up however, is still intact and it is evident on the 1W time-frame where the July-August sell-off found support and stopped exactly on the 1W MA200 (orange trend-line).
This alone is the first long-term buy signal. The second is a double one and will be given if the price closes above the 1W MA50 (blue trend-line), which has already rejected the uptrend twice since August and the 1W MACD forms a Bullish Cross. As you can see on this chart, every time the 1W MACD Bullish Cross coincided with a price closing above the 1W MA50, it was the strongest buy confirmation since 2020.
So if that confirmation is achieved, we will turn bullish with our Target being 102.000 (+18.31%, the minimum Bullish Leg rise within the Channel Up).
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EURUSD capitalizing on bullish momentumEURUSD is currently consolidating below the psychological level of 1.12000. On the daily timeframe, the price is retesting last week’s high, which could potentially break to the upside. Tuesday’s close with a strong bullish candle indicates a possible pullback toward the support area, offering a chance to catch the move in anticipation of a trend continuation. The price may bounce off the support level and the downward trendline. The target is the resistance zone around 1.12230
USDJPY Excellent multi-month buy opportunity here.The USDJPY pair has formed the bottom we expected on our last idea (August 22, see chart below) and seems to be finally giving us the long-term buy opportunity we wanted:
The RSI has already formed a reversal pattern similar to the January 16 2023 bottom and the confirmation will come when the 1W MACD forms a Bullish Cross, a formation we only got twice in the past year and was a confirmed buy signal.
Our Target remains 161.800, the symmetrical Resistance 1 level, similar to where the November 13 2023 High was priced.
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GBPNZD: Bear Trap & Potential Bullish Movement 🇬🇧🇳🇿
GBPNZD is trading within a wide horizontal range on a 4H time frame.
Its support was tested yesterday.
Analysing the price action on an hourly time frame,
we can see a bearish trap, followed by a strong bullish imbalance
and confirmed change of character.
With a high probability the market will start recovering soon and reach
at least 2.124 level.
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Will Litecoin Break the Wedge Upwards?When the LTCUSDT 4-hour chart is examined; It is observed that the price movements continue within the upward sloping wedge. As long as the crypto's 62.56 level is not broken downwards, it is evaluated that the price movements above the 65.79 level can exceed the 69.41 level and target the 76.50 level.
Has Bitcoin Started the Expected Move?When the BTCUSDT daily chart is examined; It is observed that the price movements continue above the support zone. As long as the crypto's 59400 level is not broken down, it is evaluated that the price movements above the 61810 level can cross the 69000 resistance zone and target the 79000 level.
Potential bullish bounce off pullback support?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.12220
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.11085
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.14026
Why we like it:
There is a pullback resistance 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.