EURJPY: Important Demand Zone Ahead 🇪🇺🇯🇵
EURJPY updated the high on a daily, breaking and closing
above a key horizontal resistance cluster.
A broken structure and a rising trend line compose a significant
contracting demand zone now.
I will expect a bullish trend continuation from that and a move to 174.9.
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Forex
GBPUSD Will Go Higher! Buy!
Take a look at our analysis for GBPUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.349.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.366 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Potential bearish drop?GBP/USD is rising towards the resistance level, which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3584
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3669
Why we like it:
There is a pullback resistance.
Take profit: 1.3457
Why we like it:
There is a pullback support that is slightly below the 61.8% Fibonacci retracement.
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GBPJPY Sellers In Panic! BUY!
My dear subscribers,
This is my opinion on the GBPJPY next move:
The instrument tests an important psychological level 199.30
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 199.99
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Short Setup on AUDUSD | Key Level at $0.667 TestedToday I want to share with you a Short position on the AUDUSD ( OANDA:AUDUSD ) pair. In the previous idea on AUDUSD, I managed to find the first part of this uptrend rally .
AUDUSD is currently trading in the Resistance zone($0.6714-$0.6622) and Potential Reversal Zone(PRZ) and near the Resistance lines .
Also, one of the reasons why I took this Short position on the AUDUSD pair is that the AUDUSD is approaching $0.667 , which is an important number in previous rallies (in terms of trading volume ) on the daily and weekly time frames.
I expect AUDUSD NOT to break the $0.667 level without a correction (at least), so a drop to $0.6614(First Target) is at least possible .
Second Target: $0.6580
Stop Loss(SL): $0.6723
Please respect each other's ideas and express them politely if you agree or disagree.
Australian Dollar/U.S.Dollar Analyze (AUDUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Potential bullish bounce?USD/JPY is falling towards the pivot, which aligns with he 38.2% Fibonacci retracement and oculd bounce to the 1st resistance.
Pivot: 147.07
1st Support: 145.87
1st Resistance: 149
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.
Gold price analysis September 19Gold has recovered in the Tokyo session and is moving towards yesterday's US session resistance around 3672. The buying pressure is not strong enough to break the resistance in the European session, so be cautious with the possibility of a deep decline in today's weekend session, towards lower support zones around 3600.
The 3645 area - corresponding to the 50% level of the H4 candle - is playing an important support role. This is also the area where buying pressure is starting to accumulate and needs to be closely observed today.
📉 Trading plan:
SELL when the price is rejected around 3671
🎯 Target: 3600
📌 Note: Watch the price reaction at the 3645 area, if there is a confirmation signal from the buyers, this could be a reversal point to look for a BUY opportunity.
GBPUSD H4 | Setup for bearish dropThe Cable (GBP/USD) has broken out of the sell entry, which is an overlap support and oculd drop from this level to the downside.
Sell entry is at 1.3545, which is an overlap support.
Stop loss is at 1.3665, which acts as a swing high resistance.
Take profit is at 1.3394, which is a pullback support.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCAD H4 | Bullish reversalUSD/CAD has bounced off the buy entry which is an overlap support and could rise from this leve to the upside.
Buy entry is at 1.3791, which is a pullback support.
Stop loss is at 1.3770, whichis a pullback support.
Take profit is at 1.3880, which acts as a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EUR/USD still heading to 1.20?The EUR/USD is now on its third down day after the US dollar found good support following the Fed’s dovish rate cut and Powell’s hawkish press conference on Wednesday. The dollar does feel a touch rich after the Fed, and I’d expect some pullback in the coming sessions given the Fed’s pivot. In the bigger picture, with the Fed now in easing mode, it would take a consistent run of stronger-than-expected economic data to materially shift the tide back in favour of the US dollar.
Not much on the euro side to report, except the political situation in France. Data wise, European PMIs will be watched next week. Surgery-based data such as the PMIs are considered to be forwarded looking and can sometimes carry more weight than hard data. Keep an eye on prices paid sub-indices for UK numbers, employment for US and overall headline figures for Eurozone given where the focus is for central banks in each economic regions. The EUR/USD could rebound if Germany’s PMIs show signs of improvement, while the dollar index could resume its own slide should the PMIs reveal further weakness in employment. Later on in the week, next Friday, we will have the Fed's favorite inflation measure, the core PCE price index.
The trend is bullish on the EUR/USD and with rates now testing support here, I wouldn't be surprised to see a recovery. I continue to expect the pair to head to 1.20 in the coming days/weeks.
By Fawad Razaqzada, market analyst with FOREX.com
GBPAUD Will Go Up! Long!
Please, check our technical outlook for GBPAUD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2.047.
The above observations make me that the market will inevitably achieve 2.062 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZDUSD - Follow The Bulls AGAIN!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NZDUSD has been overall bullish trading within the rising broadening wedge marked in blue.
This week, NZDUSD has been retesting the lower bound of the wedge.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower blue trendline and green structure.
📚 As per my trading style:
As #NZDUSD approaches the blue circle zone, I will be looking for trend-following bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ASX200 to find buyers at market price?ASX200 - 24h expiry
Posted a Double Bottom formation.
A Morning Doji Star formation has been posted at the low.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Previous support located at 8780.
Setbacks should be limited to yesterday's low.
50 1day EMA is at 8788.
We look to Buy at 8781 (stop at 8721)
Our profit targets will be 8961 and 8991
Resistance: 8815 / 8854 / 8890
Support: 8726 / 8700 / 8650
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Gold After Dip: Correction or Start of a New Uptrend?Hello everyone, yesterday gold saw a noticeable pullback, dropping from its peak of $3,703/ounce to around $3,685/ounce, a decrease of about 18 pips. This correction stands out, especially after a strong rally in recent days.
The reasons behind this move are clear:
Profit-taking: After the significant rise, many investors decided to lock in profits, creating selling pressure.
USD recovery: The US dollar showed a mild recovery, reducing gold’s appeal as a safe-haven asset.
Fed anticipation: With the upcoming Fed rate decision, market participants adopted a more cautious stance, leading to a slowdown in trading activity.
Looking ahead, where could gold be heading?
Scenario 1: If it holds above the support zone at $3,660–$3,650, gold could bounce back, potentially reaching $3,700 and beyond.
Scenario 2: A break below $3,650 could trigger further selling, possibly dragging gold down to the $3,600 level.
At this point, I lean towards the idea that gold will continue to consolidate around the support zone before a clearer trend emerges.
What do you think about the upcoming direction of gold? Feel free to share your thoughts in the comments!
EURJPY Massive Long! BUY!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 173.67
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 174.03
My Stop Loss - 173.52
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GOLD "lost steam" after the peak because the US Dollar increasedThe world OANDA:XAUUSD fell in the session on Thursday (September 18) after hitting a record high of 3,707.40 USD/ounce the day before. The main reason came from profit-taking activities of investors and the strengthening of the US dollar and treasury bond yields. As of the time of writing on Friday (September 19), spot gold was trading at 3,648 USD/oz, equivalent to an increase of 0.12% on the day.
New economic data from the US weighed on the market: initial jobless claims fell to 231,000, lower than expected, while the Philadelphia Federal Reserve manufacturing index unexpectedly jumped to 23.2, a sharp improvement from the previous month. This pushed the greenback higher and made gold more expensive. The 10-year Treasury yield rose to 4.102%, while the real yield was close to 1.722%, adding to the pressure on the precious metal. This was largely a technical correction after gold hit a series of new highs.
However, the long-term outlook for gold remains positive. The precious metal typically benefits when the Fed enters a policy easing cycle. In fact, the Fed just cut interest rates by 25 basis points, although there was no absolute consensus. Chairman Jerome Powell called it a “risk-control” measure for the labor market, but also affirmed that the Fed is in no hurry.
In addition, data shows that gold exports from Switzerland to China increased 254% in August, reflecting strong demand from Asia. The trend of diversifying foreign exchange reserves of the BRICS bloc continues to be a major support for gold prices.
Since the beginning of the year, gold has increased by nearly 39%, and investors still believe that the target of $ 4,000 / ounce can be challenged in the near future.
Technical Outlook Analysis OANDA:XAUUSD
Gold has had two sessions of technical corrections, but it still has all the bullish conditions in place, while the initial conditions for a deep correction have not yet appeared. Currently, gold is trying to recover and is still above the 0.236% Fibonacci retracement level, which can be said to be the closest support at the moment. On the other hand, gold is still in an uptrend channel and is receiving major support from the EMA21.
As long as gold remains above the $3,600 base point, the declines should be viewed as a short-term correction or a fresh buying opportunity.
The relative strength index (RSI) is also moving sideways after testing the 80 level, and a steep RSI break below 80 would be considered a signal for a possible deeper correction.
For the day, the overall technical outlook for gold is bullish, and the key points to watch are listed below.
Support: $3,614 – $3,600
Resistance: $3,673 – $3,700 – $3,707
SELL XAUUSD PRICE 3678 - 3676⚡️
↠↠ Stop Loss 3682
→Take Profit 1 3670
↨
→Take Profit 2 3664
BUY XAUUSD PRICE 3606 - 3608⚡️
↠↠ Stop Loss 3602
→Take Profit 1 3614
↨
→Take Profit 2 3620
GBPAUD: Bullish Continuation & Long Trade
GBPAUD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry - 2.0439
Sl - 2.0422
Tp - 2.0472
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bullish continuation above key support?EUR/CAD is falling towards the pivot, which serves as a pullback support that aligns with the 50% Fibonacci retracement and could bounce back to the 1st resistance, which acts as a pullback resistance.
Pivot: 1.61864
1st Support: 1.61261
1st Resistance: 1.63589
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.
GOLD BEARISH BIAS RIGHT NOW| SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,653.06
Target Level: 3,487.88
Stop Loss: 3,762.88
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Further rate cuts by the Fed could boost gold prices again.Gold prices fell on profit-taking after hitting a record high in the previous session as markets assessed the US Federal Reserve’s stance on further interest rate cuts.
The Fed on Wednesday made its first rate cut since December and left the door open for further easing, but warned of persistent inflation, raising doubts about the pace of future policy adjustments.
Gold, which typically performs well in low-interest-rate environments and periods of uncertainty, has gained nearly 39% so far this year.
In the short term, gold prices are under pressure to take profits after a series of consecutive increases in recent days and the market has reflected this in the price movements. However, in the long term, the Fed's further interest rate cuts - and the weakening USD - could push gold prices up again.
GOLD What Next? BUY!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 3648.2 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 3657.8
Recommended Stop Loss - 3642.9
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
USDJPY Under Pressure! SELL!
My dear friends,
My technical analysis for USDJPY is below:
The market is trading on 147.95 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable USDJPY continuation.
Target - 147.30
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK