Bullish momentum to extend?EUR/NZD is falling toward the pivot and oculd bounce to the 1st resistance which aligns with the 161.80% Fibonacci extension.
Pivot: 1.99421
1st Support: 1.97952
1st Resistance: 2.01776
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.
Forexsignals
Why Spot Forex is the First Choice for Retail Traders1. Understanding Spot Forex
Before exploring the reasons for its popularity, it’s important to understand what spot forex really is.
Definition: Spot forex is the purchase or sale of one currency for another, with settlement occurring “on the spot” (usually within two business days, but in practice, retail brokers provide immediate execution).
Currency pairs: Trades happen in pairs like EUR/USD, GBP/JPY, or USD/INR. The first currency (base) is being bought or sold against the second (quote).
Objective: Traders aim to profit from the fluctuations in exchange rates between currencies.
Unlike futures or options, where contracts are traded, spot forex involves the direct exchange at current prices. For retail traders, brokers provide contracts via platforms that simulate this process with tight spreads, leverage, and easy order execution.
2. Historical Growth of Retail Forex
Until the late 1990s, forex was largely the playground of banks, hedge funds, and large corporations managing cross-border exposures. Retail investors had little or no access because:
Minimum transaction sizes were too large.
Trading required specialized knowledge and infrastructure.
Pricing was not transparent to the public.
However, the rise of online trading platforms around the year 2000 changed everything. Brokers like OANDA, FXCM, and later a flood of global platforms, introduced small contract sizes, user-friendly software (like MetaTrader), and access to leverage. Suddenly, anyone with an internet connection could participate.
By the mid-2000s, millions of retail traders had entered the forex market, with Asia, Europe, and later Africa becoming hotspots for new traders. Today, forex is the largest segment of retail online trading, far surpassing traditional stock trading in many regions.
3. Core Advantages of Spot Forex for Retail Traders
3.1 Liquidity and Market Size
Forex is the world’s most liquid market, with trillions of dollars traded daily. This liquidity brings several benefits:
Tight spreads: Bid-ask spreads are minimal, especially on major pairs like EUR/USD.
Instant execution: Orders can be filled within milliseconds.
No market manipulation (at retail scale): Because the market is so vast, individual retail traders or even brokers cannot manipulate prices significantly.
For beginners, this means fair pricing, ease of entry and exit, and reduced slippage compared to thinly traded assets.
3.2 24-Hour Market
Unlike stock exchanges that operate within specific hours, forex trading runs 24 hours a day, five days a week. From the Sydney open on Monday morning to the New York close on Friday evening, trading never stops.
This round-the-clock access is particularly attractive for retail traders who often trade part-time:
A student can trade after classes.
A working professional can trade after office hours.
A freelancer can pick sessions that match their schedule.
Flexibility is a major reason why forex fits into people’s lives more easily than stock markets with rigid timings.
3.3 Leverage and Low Capital Requirement
One of the most powerful attractions of forex is leverage. Brokers allow traders to control positions much larger than their deposit. For example:
With leverage of 1:100, a trader can control $10,000 worth of currency with just $100 margin.
Some brokers even offer leverage as high as 1:500 or more.
This means retail traders don’t need large starting capital. Someone with $500 can participate meaningfully in the market, unlike in stocks where buying even a few shares of large companies can consume the entire amount.
Of course, leverage is a double-edged sword (covered later), but its availability makes forex highly accessible.
3.4 Low Transaction Costs
Forex brokers earn mainly from spreads (the difference between buy and sell prices), which are often as low as 0.1 to 1 pip for major pairs. Compared to stock brokers who charge commissions or commodity markets with exchange fees, forex is cost-efficient.
No clearing fees, exchange fees, or government stamp duties make the cost structure simpler and lighter for retail traders.
3.5 Variety of Currency Pairs
Forex offers a wide menu of tradable instruments:
Majors: EUR/USD, GBP/USD, USD/JPY, USD/CHF.
Minors: EUR/GBP, AUD/JPY, GBP/CHF.
Exotics: USD/TRY, USD/ZAR, USD/INR.
This variety allows traders to pick pairs that suit their trading style. Some prefer stable majors with tight spreads, while others thrive on the volatility of exotic currencies.
3.6 Advanced Technology & Platforms
The retail forex industry has benefited enormously from trading technology. Platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader provide:
One-click execution.
Real-time charts.
Custom indicators and automated trading (Expert Advisors).
Mobile apps for trading on the go.
Such sophisticated tools, often free, are a huge reason forex became the default choice for retail traders.
4. Practical Reasons Retail Traders Prefer Spot Forex
4.1 Easy Account Setup
Opening a forex trading account is often easier than opening a stock brokerage account. With online KYC, low minimum deposits (sometimes as low as $10), and demo accounts, the barrier to entry is minimal.
4.2 Demo Accounts for Practice
Unlike many stock or commodity brokers, forex brokers almost always provide free demo accounts with virtual money. This allows beginners to practice strategies without financial risk, making the learning curve smoother.
4.3 Global Access
Forex is a truly global market. Whether you live in India, Nigeria, Brazil, or Europe, you can access the same currency pairs and pricing as traders in New York or London. This universality is rare in other asset classes.
5. Psychological & Behavioral Appeal
5.1 The Thrill of Leverage
For many beginners, the ability to control large amounts with small deposits is exhilarating. The idea of turning $100 into $1,000 in a short span appeals strongly to retail traders, even though the risks are equally high.
5.2 Freedom and Independence
Forex gives traders the sense of being their own boss. No middle managers, no clients to report to—just you, your strategy, and the market. This independence attracts people seeking financial freedom.
5.3 Quick Feedback Loop
Unlike long-term stock investing, forex provides immediate feedback. A trader knows within minutes or hours whether a trade is working, which keeps engagement high.
6. Risks and Misconceptions
It would be incomplete to discuss forex’s appeal without addressing its risks.
6.1 Overuse of Leverage
Leverage magnifies profits and losses. Many retail traders blow up accounts by over-leveraging, thinking they can get rich overnight.
6.2 Emotional Trading
The fast pace and 24-hour availability often lead to overtrading, revenge trading, or lack of discipline. Psychology plays a huge role in whether traders succeed or fail.
6.3 Broker Risks
Not all brokers are regulated. Many retail traders in emerging markets fall prey to fraudulent brokers promising unrealistic leverage or bonuses.
Despite these challenges, the majority of traders still flock to forex because the potential rewards outweigh perceived risks in their minds.
Conclusion
Spot forex has become the first choice for retail traders because it combines accessibility, liquidity, low costs, global reach, and technological sophistication in a way that no other market does. For individuals with limited capital, flexible schedules, and a desire for independence, forex is the natural starting point.
Yes, the risks are real—particularly misuse of leverage and emotional trading—but the sheer scale of opportunities continues to draw millions of retail traders each year.
For beginners and seasoned traders alike, the spot forex market remains not only the largest financial arena but also the most democratic—open to anyone, anywhere, with the willingness to learn and the discipline to trade.
Bullish reversal at key support?EUR/NOK is falling towards the pivot which acts as a pullback support that aligns with th 38.2% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 11.62545
1st Support: 11.56246
1st Resistance: 11.73259
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 major resistance?CAD/CHF is rising towards the pivot which is an overlap resistance, and could reverse to the 1st support.
Pivot: 0.57794
1st Support: 0.57164
1st Resistance: 0.58228
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 we see a bullish reversal from here?USD/CHF is reacting off the resistance level, which is a pullback resistance and could potentially rise from this level to our take profit.
Entry: 0.7918
Why we like it:
There is a pullback resistance level.
Stop loss: 0.7855
Why we like it:
There is a pullback support.
Take profit: 0.7999
Why we like it:
There is an overlap resistance that is slightly above the 61.8% Fibonacci retracement.
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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?USD/CAD is rising towards the resistance level, which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3831
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.3879
Why we like it:
There is a pullback resistance.
Take profit: 1.3729
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.
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.
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.
Bullish bounce off 61.8% Fibonacci support?EUR/USD is falling towards the support level, which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1728
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.1613
Why we like it:
There is a pullback. support.
Take profit: 1.1866
Why we like it:
There is a pullback resistance.
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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.
AUDJPY Strong cyclical Sell SignalLast time we made a call on the AUDJPY pair was 6 months ago (March 28, see chart below), giving a sell signal that quickly hit our 91.000 Target:
This time we have the price trading near the Top (Higher Highs trend-line) of a 4-month Channel Up but in the past 2 days has seen a minor pull-back on its 4H MA50 (blue trend-line).
This can be explained cyclically as based on the previous two Higher Highs and using the Time Cycles, the pattern topped exactly 2 days ago (just under the 1.382 Fib extension) and is technically in need of a correction towards its 0.5 Fibonacci retracement level.
As a result, and since the 1D RSI also dipped below its MA (consistent with both previous tops), we turn bearish on this pair, targeting 96.500.
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This is a price zone that has been rejected many times, strong s1. Key Supply & Demand Zones
Supply zone (resistance): around 3,680 – 3,700 (blue box). This is a level where price was rejected multiple times, showing strong selling pressure.
Near-term demand (support): around 3,630 – 3,640 (thin red box just below the current price).
Deeper support: around 3,590 – 3,600 (lower red box), where price previously bounced strongly.
2. Possible Scenarios
Bullish scenario (solid blue arrow):
If price holds the 3,630 – 3,640 support → it may rebound and retest the resistance at 3,670 – 3,690. A strong breakout above 3,700 would confirm continuation to the upside.
Bearish scenario (dotted blue arrow):
If price breaks below 3,630 → it could fall toward 3,590 – 3,600. This is a stronger demand zone where new buying pressure may appear.
3. Trading Notes
On H1, the main trend is still sideways – ranging between 3,590 and 3,700.
Short-term setups could be:
Buy around 3,630 – 3,640 (SL below 3,625, TP 3,670 – 3,690).
Sell around 3,680 – 3,690 (SL above 3,705, TP back to 3,640).
For clear breakouts (high volume, strong candles):
Above 3,700 → bullish bias.
Below 3,590 → bearish bias.
GBPUSD Rejection at 1.3727 – Sell Rallies, Eye 1.32In my previous analysis on FX:GBPUSD , I highlighted the 1.3600 zone as a key resistance area that could trigger a reversal and open the way towards 1.3200.
I initially took a short position, but as the buying pressure persisted, I closed the trade with a 40-pip loss and stepped aside, keeping my medium-term bearish view unchanged.
That decision proved correct: yesterday the pair spiked to a local high at 1.3727, only to reverse sharply and leave behind a long-tailed bearish Pin Bar — a strong technical signal of rejection at the highs.
My bias remains the same: I expect the market to eventually move lower and test the 1.3200 area.
📉 Trading Plan: I will look to sell rallies, with confirmation of downside acceleration coming on a break back below 1.3550.
GBP/USD – Retest Breakdown Trendline Before BoE Decision📊 Market Context
GBP/USD has rebounded above 1.3600 during the European session on Thursday, finding fresh demand as the USD softened following recent Fed positioning. Traders are now focused on the Bank of England’s (BoE) rate decision later today, with expectations for no change in interest rates—but the market remains sensitive to any shift in tone.
🔢 Technical Outlook (H1)
FOMC Bearish Candle Confirmation: Price broke the ascending channel and confirmed bearish momentum.
Retest Breakdown Trendline – SELL ZONE: Around 1.36660, a potential area to rejoin the downtrend if rejection occurs.
Targets:
🎯 Target 1: 1.35401
🎯 Target 2: 1.35020 – Major support and Fibonacci confluence zone.
A clean break below 1.3580 will strengthen the bearish view, while reclaiming 1.3666 could invalidate the short-term bearish setup.
⚠ Trading Notes
Watch for volatility around the BoE announcement—tight stops and smaller sizing are recommended.
Wait for candlestick confirmation at the SELL ZONE before entering positions.
Maintain flexibility—unexpected BoE guidance could flip sentiment rapidly.
💬 Discussion
📈 Will GBP/USD respect the retest zone and slide toward 1.35020, or will the BoE decision spark a bullish breakout? Share your outlook and charts below to compare strategies!
Gold price analysis September 18✏️ #XAUUSD – Gold Price Analysis Today
After the interest rate data was released, gold returned to test the important support zone and quickly saw buying pressure again. As long as the 3657 zone remains stable, the uptrend is likely to continue. The 3675 resistance zone will be the first challenge – if broken, the price could surge and move towards the target of 3720, even extending the rally to higher levels.
Conversely, if 3657 is broken, gold could retreat to a deeper consolidation zone with the next support around 3620.
📉 Notable Trading Zones
🔸 BUY when price reacts at 3657
🔸 BUY around deep support zone 3620
⭐ Target: 3720
🔺 Support: 3657 – 3620 – 3600
🔻 Resistance: 3675 – 3699 – 3720
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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GBP/USD - Channel Breakout @ H1 (BoE Interest Rate Today)CMCMARKETS:GBPUSD GBP/USD - Channel Breakout with strong volume and today BoE Interest Rate, it gives high movement.
"The Fed is still signalling more rate cuts, but at the same time still sees okay growth, which is a positive combination for share markets"
The Fed reduced rates by a quarter point on Wednesday, as expected, and indicated it will steadily lower borrowing costs for the rest of this year, initially sending the dollar plunging.
Support by Likes and Comments.
Thank you.
EUR/USD Long | Demand Zone + QML + Fibonacci Extension🚀 EUR/USD Long Setup – Demand zone + QML + Fib confluence! Targeting 1.1938 with a clean 1:4 RR. Waiting for H1 close above 1.1830 for confirmation. 📈
📊 Pair: EUR/USD (H1 timeframe)
📈 Bias: Bullish continuation
After a strong bullish impulse from 1.1780, price has retraced back into the Demand Zone (DB) and retested the QML (Quasimodo Level). Liquidity sweep and rejection candles suggest buyers are stepping back in.
Trade Setup:
Entry: 1.1812 (confirmation entry)
Stop Loss: 1.1789 (below DB)
Take Profit: 1.1938 (Fibonacci 1.618 extension)
Risk–Reward Ratio: ~1:4
Confluences:
✔ Demand zone (DB) holding strong
✔ QML retest providing bullish reaction
✔ Higher-highs / Higher-lows market structure intact
✔ Fibonacci extension levels aligning with liquidity targets (1.1918 – 1.1938)
⚠️ Note: Best confirmation will come from H1 candle close above 1.1830. Avoid Scheduled News Hours.
GBPUSD: Watching for Long Setup After Sweep + BOSMarket Context
Price swept liquidity below previous lows and has shown a strong impulsive move back up, breaking short-term structure to the upside. This signals a possible shift in momentum back to bullish.
Key Technicals
Liquidity sweep below recent lows
Bullish BOS on the 1H timeframe
Price retracing back into a demand zone
Demand zone aligns with 38.2–50% Fibonacci retracement
Looking for price reaction inside this confluence area
Trade Plan
Wait for price to return into the 1H demand zone (green box)
Look for rejection/confirmation candle near the 50 EMA
Buy only if price stays above the EMA and confirms from the zone
Target: Liquidity above recent highs around 1.37260
Invalidation: Clean close below the sweep low
Psychology Note
Patience here is key. Don’t chase the market—let price come to your zone. A professional trader treats setups like a sniper: calm, focused, and waiting. Remember, no trade is better than a forced trade. The edge comes from discipline, not constant action.
USD/CAD: Range-Bound with Recovery Attempt from Key SupportUSD/CAD continues to trade within a defined sideways channel, following a strong rejection near the 1.3925 resistance zone. The recent formation of a lower high has pushed price into the 1.3764–1.3693 support area, where buyers are attempting to hold the line.
A bounce from this demand zone could lead to a short-term recovery toward 1.3850, but the overall structure remains corrective. A clear break above the descending trendline would be needed to shift the momentum back in favor of the bulls and confirm a broader reversal.
GBPUSD H1 – Fibonacci Play: Ready for the Next Big Leg?GBPUSD is consolidating after its recent rally, and Fibonacci retracements highlight two critical buy zones for potential entries:
BUY ZONE 1: 1.36100 – SL 1.35600
SL: R/R - 1/2 - 1/3
BUY ZONE 2: 1.35500 – SL 1.35200
SL: R/R - 1/2 - 1/3
A potential dip into these zones could offer strong upside opportunities, with an extended Fibonacci reference pointing to 1.37200 as the next bullish target.
If price respects these supports, a rally toward 1.36699 → 1.37200 is on the table. A break below these zones, however, could delay the bullish scenario—so manage your risk carefully.
⚠ Key Levels to Watch
Immediate Resistance: 1.36699
Short-Term Supports: 1.36100 / 1.35500
Long-Term Target: 1.37200 (Extended Fibo)
💬 Your Turn
📈 Which Fibo zone are you watching for your entry—1.36100 or 1.35500? Share your view in the comments and let’s compare setups!
CHFJPY: Strong Bullish Pattern 🇨🇭🇯🇵
CHFJPY is currently updating the All-Time High, breaking
a neckline of a cup & handle pattern.
Looks like an uptrend is going to continue.
Next resistance - 186.85
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Bearish Outlook: AUDUSD on Track Toward 0.66210Good day everyone, Ken here!
I’ve been following AUDUSD rather closely, and it’s enjoyed a strong bullish move recently. Yet in my experience, such rallies rarely continue unchecked, and I sense this one may be nearing its peak.
There are subtle signs of sellers beginning to position themselves. My attention is firmly on the 0.66210 area – a level I consider crucial. Should price provide a clear confirmation here, not merely through candle formations but also through volume behaviour, I would view it as a potential entry point.
Naturally, the bullish scenario hasn’t vanished entirely. But for it to hold, buyers will need to demonstrate far greater conviction than they’ve shown so far.
That’s my perspective for now. How do you see it – do you share this view, or does the chart tell you a different story?
NZDUSD H4 | Could the Kiwi bounce from hereBased on the H4 chart analysis, we could see the price fell to the buy entry which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to the take profit.
Buy entry is at 0.5883, which is an overlap support that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 0.5823, which is a pullback support.
Take profit is at 0.5944, which is a pullback 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.
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Bullish bounce off support?The Aussie (AUD/USD) is falling towards the pivot and oculd bounce to the 1st resistance.
Pivot: 0.6619
1st Support: 0.6568
1st Resistance: 0.6689
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