Forexsignals
CHF/AUD – Breaking Out of Triangle with Target in Pink ZoneThe CHF/AUD is breaking out of a triangle, and my target is the pink zone, which I've identified as a key resistance level. This could also be a good area to take profits.
Strategy: I’ll be watching the breakout and aiming for the pink zone as a profit-taking area.
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.
USDDKK Confirmed bullish break-out.The USDDKK pair broke yesterday above its 1D MA200 for the first time since August 02 and gave a strong bullish break-out signal. The 1D RSI got overbought (above 70.00), so a pull-back of a few days is possible, but on the medium-term we expect a continuation of the uptrend, similar to the two previous times the price broke above the Lower Highs trend-line.
Our Target is Resistance 1 at 6.99000.
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GBPJPY confirm 5000 pips tradej read the caption Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support will turn bias back to the downside for 189.54 support. Further break there will target 183.70 support
Bullish bounce off major pullback support?EUR/CAD is falling towards the support level which is a pullback support that aligns with the 88% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.48952
Why we like it:
There is a pullback support level that aligns with the 88% Fibonacci retracement.
Stop loss: 1.48500
Why we like it:
There is a support level at the 88% Fibonacci retracement.
Take profit: 1.49680
Why we like it:
There is an overlap 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 61.8% Fibonacci resistance?AUD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement an could reverse from this level to our take profit.
Entry: 0.92436
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.93007
Why we like it:
There is a pullback resistance level.
Take profit: 0.91787
Why we like it:
There is an overlap 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.
Falling towards overlap support?AUD/CHF is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.57788
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.57576
Why we like it:
There is a pullback support level which aligns with the 88% Fibonacci retracement.
Take profit: 0.58096
Why we like it:
There is an overlap 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.
Bearish drop?NZD/JPY is reacting off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could fall from this level to our take profit.
Entry: 90.71
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 91.02
Why we like it:
There is an overlap resistance that is slightly below the 78.6% Fibonacci retracement.
Take profit: 90.20
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.
XAUUSD 30 MINUTE TIME FRAME CHART XAUUSD, 30-minute timeframe chart
XAUUSD retested the resistance level of 2,683.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,683.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,683.30.
Set your stop loss at 2,688.30 below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,667.30 ($16.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1 .
OANDA:XAUUSD OANDA:XAUUSD
GBP/USD – Watching for Support Break and Long Entry OpportunityI'm watching GBP/USD closely. If we break below the current support, my idea is to target the green zone, which I've identified as a strong support level. I believe buyers will likely step in and push the price back up when we reach this zone, offering a good opportunity to enter long.
Strategy: I'll be looking for signs of support holding in the green zone for a potential long entry.
Bearish momentum to extend?GBP/CAD is rising towards the pivot and could drop to the 78.6% Fibonacci support.
Pivot: 1.7896
1st Support: 1.7829
1st Resistance: 1.7957
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?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Entry: 1.0835
1st Support: 1.0783
1st Resistance: 1.0895
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.
XAU continues to rise due to tensions in the middle eastIn the Middle East, tensions continue to escalate and could spread after the US announced it would send troops and advanced anti-missile systems to Israel to protect its ally. Earlier, Israel's air defense system was hit by a supersonic missile from Iran and a military base was attacked by drones from Hezbollah.
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election.
Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election.
Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
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.
DXY USDOLLAR Supply Demand Analysis-Price inside daily/weekly supply + trend = sideways.
-Buyers still in control wait for selling confirmation
of price breaking upward trend lines + removing opposing pivot demand
zones.
-We could see price break to the upside and then reverse
(liquidity search/stop run).