AUD/USD dip could be nearing its inflection pointAfter a 3-week rally which stalled around the 64c handle with a shooting star candle, a pullback was almost inevitable. but we have already seen AUD/USD fall for four consecutive days, and recent history shows its bearish streaks tend to max out at five down days. Given support is nearby and the AU-US 2-year yield is rising, I am now seeking a swing low around the 0.62750 - 0.6300 area for at least a minor bounce.
But if the recent swing low on the US dollar index gives way, perhaps something much bigger.
A break above 0.6420 opens up a run to 0.6500.
Matt Simpson, Market Analyst at City Index and Forex.com
USD
Bearish drop?The Aussie (AUD/USD) is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.6324
1st Support: 0.6259
1st Resistance: 0.6367
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?WTI Oil (XTI/USD) is falling towards the pivot which has ben identified as a pullback support and could bounce to the 1st resistance.
Pivot: 68.03
1st Support: 67.14
1st Resistance: 69.82
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 pullback resistance?The Silver (XAG/USD) is rising towards the pivot which is a pullback resistance that line sup with the 38.2% Fibonacci retracement and could drop to the 1st support which has been identified as an overlap support.
Pivot: 32.09
1st Support: 30.97
1st Resistance: 32.58
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 overlap resistance?GBP/USD has reacted of the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 1.2720
Why we like it:
There is an overlap resistance level.
Stop loss: 1.2795
Why we like it:
There is a pullback resistance level.
Take profit: 1.2585
Why we like it:
There is an overlap support level that is slightly above the 38.2% Fibonacci retracement.
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Potential bullish rise?USD/CHF has reacted of the support level which is a pullback support that is slightly above the 161.8% Fibonacci extension and could rise from this level to our take profit.
Entry: 0.8918
Why we like it:
There is a pullback support level that is slightly above the 161.8% Fibonacci extension.
Stop loss: 0.8881
Why we like it:
There is a pullback support level.
Take profit: 0.9006
Why we like it:
There is a pullback resistance level that lines up with the 61.8% 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.
Bearish reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 1.4406
Why we like it:
There is an overlap resistance level.
Stop loss: 1.4486
Why we like it:
There is a pullback resistance level.
Take profit: 1.4299
Why we like it:
There is a pullback support 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.
Bearish drop?EUR/USD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.0521
Why we like it:
There is a pullback resistance level.
Stop loss: 1.0558
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 1.0410
Why we like it:
There is a pullback support level that aligns with the 50% 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.
USDCAD: Massive selling until the end of the year.USDCAD is neutral on its 1D technical outlook (RSI = 54.383, MACD = -0.003, ADX = 20.940) as it found support on the 1D MA100 and rebounded. We do believe howere that this bounce will be short lived as the pair hit the 9year resistance early this month and got heavily rejected. The first targets are the 1W MA50 and 1W MA100. We do expect it to hit the 0.786 Fibonacci (TP = 1.2600) by the end of the year as both prior highs on R1 aggressively declined to hit at least the 0.786 Fib.
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USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.800 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area.
Trade safe, Joe.
Gold Bullish To ATH Of $2,964?!Bare in mind Gold is not out of its danger zone just yet. While internal structures might have turned bearish, on the bigger TF we are yet to see any huge structure to turn bearish.
Price still remains within a huge range & buyers are still holding above our precious ‘Wave X’ low. We could still see a schematic play out between Wave X & Wave Y. This means another ATH could still be incoming👀
Euro can bounce from support line of channel and continue growHello traders, I want share with you my opinion about Euro. A few days ago, the price entered a downward channel, breaking through the 1.0520 level, which aligned with the seller’s zone, and continued its decline. Shortly after, it dropped even lower but quickly rebounded, almost reaching the resistance line of the channel before falling back to the support line, breaking the 1.0285 level. Following this move, the price once again climbed to the resistance line but then swiftly dropped back before making a strong upward push, breaking the 1.0285 level and exiting the channel. After that, the Euro rallied toward the resistance level but soon pulled back into the buyer’s zone, forming a strong gap. From there, the price began moving inside an upward channel, rising to the resistance level, making a brief correction, and then climbing back to resistance. However, after this move, the Euro reversed and started to decline. Given this setup, I expect the price to reach the support line of the channel before continuing its upward movement within the channel, potentially breaking the resistance level. If this scenario plays out, I have set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
EURUSD 26 Feb 2025 W9 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 26 Feb 2025 W9 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Today economic news:
No Major economic news scheduled today.
The market still in the same sentiment detailed in my Weekly Analysis . Below a summary:
Short-Term Bias: Cautiously bullish for EUR/USD, driven by optimism over delayed tariffs, geopolitical progress, and hopes for softer inflation.
Key Risks:
A hot PCE report reviving Fed hawkishness.
Sudden tariff escalations or breakdowns in peace talks.
4H Chart Analysis
1️⃣
🔹Swing Bullish (Reached Swing Extreme Demand)
🔹INT Bearish (Reached Extreme Supply)
🔹INT-INT Bullish (Reached EQ (50%)
🔹Swing Continuation
2️⃣
🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH.
🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios (Previously I’d the following 2 scenarios where now I favors the 2nd scenario due to the impulsive nature of the move):
Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal)
Scenario 2: Bullish Swing continuation to target the Weak Swing High. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal)
🔹With this week open, price continued Bullish as expected and created another ii-BOS after which price started PB for the ii-BOS and reached the recent Demand which we could see the next Bullish move from.
3️⃣
🔹Still expectation is set to continue Bullish targeting the Weak Swing High as long LTFs holds Bullish structures. Also, In my mind I’m not neglecting the current Bearish 4H INT structure and we already reached that structure extreme.
15m Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Reached Swing EQ (50%)/Discount
🔹Swing Continuation Phase
2️⃣
🔹After the 15m Bullish BOS, price initiated the Swing PB Phase.
🔹Price reached the 15m Swing EQ (50%) and turned Bullish after the INT structure changed to Bullish iBOS indicating that the Swing PB maybe over and we are currently starting the Swing Bullish continuation Phase.
🔹As price continued Bullish yesterday with Bullish iBOS. Currently with the recent iBOS we started the pullback and reached the INT structure extreme Demand where price can start the INT structure Bullish continuation and target the Weak INT High and ultimately the Weak 15m Swing High.
🔹If price failed to hold the INT structure Bullish and Turned Bearish, there is a high probability that we will continue Bearish based on the DXY PB Phase on 4H (PB after Bearish iBOS) and price may target the Strong 15m Swing Low.
3️⃣
🔹Expectations is set to continue Bullish with the 15m / 4H INT & Swing are all Bullish while also cautious about the possibility of price to turn Bearish iBOS.
Dollar weakens amid growing economic uncertainty
Persistent tariff threats from the Trump administration and rising concerns over the U.S. economy are weighing on the dollar. Trump reaffirmed his commitment to implementing tariffs on Mexico and Canada according to schedule and reiterated the need for reciprocal tariffs. Meanwhile, weak consumer confidence data further rattled investor sentiment, as the February CB Consumer Confidence Index plunged to 98.3 from 105.3, marking its lowest level since June last year.
In Japan, accelerating inflation increases the likelihood of a BoJ rate hike. According to the Ministry of Internal Affairs, Japan’s January CPI rose 3.2%, the largest increase since June 2023. Bloomberg noted that with Japan's inflation among the highest in the G7, the BoJ may continue scaling back stimulus and shifting toward a more restrictive policy stance.
After breaking below the ascending trendline, USDJPY shows a persistent downtrend. After EMA21 death-crossed EMA78, it widens the gap and reinforces the bearish momentum. If USDJPY breaks below the support at 148.20, the price could extend its decline toward 145.00. Conversely, if USDJPY tests the resistance at 150.80, it may gain upward momentum toward 153.40.
MASSIVE Bull Run Pending for Gold!!!Been looking for this drop! Waiting for a great entry for a bullish swing. Price looks like it might have made lows right at a H4 Gap but there is a larger one lower that I want to wait and see if they go for. I'm just not interested in a Long until I see price sweep the recent lows first.
USD lower, yields whacked on renewed Fed-cut betsEven as recently as two weeks ago, the thought of fed cuts were in the distant past. Yet a slew of weak data from the US since Friday including two consumer sentiment reports and a surprise PMI miss has seen markets reconsider a 25bp Fed cut in June. Today I cover bond yields, the US dollar index and futures exposure to update my dollar outlook.
Matt Simpson, Market Analyst at City Index and Forex.com
GOLD (XAU/USD) – Breakout or Deeper Pullback?Hello, Traders! 👋
What are your thoughts on gold?
Gold remains in a robust uptrend, with each downturn providing a buying opportunity inside the trend.
The ideal strategy at this point is to wait patiently for a price pullback to support levels before starting a buy position.
Another method is to wait for a break above the most recent high before buying on a pullback to the broken level.
The bullish trend continues, but trades must be performed with correct risk management and confirmation indications.
What is your opinion on gold? Do you anticipate further growth?
🚀 GOLD (XAU/USD) – Breakout or Deeper Pullback? 🔥
💰 Gold Spot (XAU/USD) - 8H Chart Analysis
🔍 Market Insights:
🔹 Strong Uptrend: Gold continues to hold its bullish momentum, respecting the ascending trendline.
🔹 Key Resistance Zone: The $2,945 - $2,960 area has been acting as a supply zone (black box).
🔹 Fibonacci Support: Price recently tested the 0.236 Fib levels ($2,902 & $2,871), which align with a key demand zone (yellow box).
📈 Two Potential Scenarios:
📌 Bullish Breakout: If price holds above the trendline & reclaims resistance, we may see a breakout towards $2,980 - $3,000 🚀.
📌 Deeper Pullback: If support breaks, we could see a correction to $2,875 - $2,850 before a stronger reversal.
📊 Key Levels to Watch:
✅ Support: $2,902 - $2,871 (Fib Levels & Trendline)
✅ Resistance: $2,945 - $2,960 (Supply Zone)
💬 Do you think gold will break out or dip before the next leg up? Drop your thoughts below! 🔥👇
#gold #xauusd #forex #trading #priceaction #technicalanalysis
XAU/USD – Trendline Breakout Signals Sell!The XAU/USD Pair on the M30 period offers a potential selling opportunity due to the recent formation of a Trendline Breakout Pattern. This indicates a shift in momentum to the downside in the coming hours.
For a short trade, consider entering around the pattern's trendline.
Target levels: 2904 (first support) and 2880 (second support).
:
🚨 XAU/USD – Trendline Breakout Signals Sell! 📉
💰 Gold Spot (XAU/USD) - 30M Chart Breakdown
🔍 Key Observations:
🔹 Trendline Breakout: Price broke below the strong ascending trendline, confirming a bearish shift.
🔹 Resistance Zone: $2,942 - $2,954 acted as a rejection point, leading to a sharp sell-off.
🔹 Strong Bearish Momentum after breaking key support levels.
📉 Bearish Trade Setup:
📌 As long as price remains below $2,912, we expect further downside towards:
🎯 1st Support: $2,903
🎯 2nd Support: $2,880
📌 A break above $2,912 could lead to a short-term recovery, but overall bias remains bearish.
📊 Key Levels to Watch:
✅ Resistance: $2,942 - $2,954
✅ Support: $2,903 & $2,880
💬 Do you agree with this bearish outlook? Let us know in the comments!👇🔥
#gold #xauusd #forex #trading #priceaction #technicalanalysis