EURNZD: Key Resistance Holds 🇪🇺🇳🇿
It looks like a key resistance that EURNZD reached keeps holding.
I even see some bearish clues on an hourly time frame,
such as a confirmed breakout of a support line of a triangle pattern.
I think that we may see a retracement lower.
Goal - 1.99
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Forexsignals
Potential bearish reversal?USD/JPY is rising towards the pivot and could reverse to the 1st support, which has been identified as a pullback support.
Pivot: 148.73
1st Support: 146.82
1st Resistance: 150.78
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?The Swissie (USD/CHF) is rising towards the pivot and could reverse to the multi swing low support.
Pivot: 0.81198
1st Support: 0.8033
1st Resistance: 0.8171
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.
Could the Aussie bounce from here?The price is reacting off the pivot which is a swing low support, and could bounce to the 1st resistance.
Pivot: 1.6420
1st Support: 0.6387
1st Resistance: 0.6482
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off major support?GBP/USD is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Pivot: 1.3390
1st Support: 1.3270
1st Resistance: 1.3520
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 reversal?The Fiber (EUR/USD) is reacting off the pivot, which acts as an overlap support and could bounce to the 1st reistance.
Pivot: 1.1591
1st Support: 1.1532
1st Resistance: 1.1677
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 momentum to extend?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 98.25
1st Support: 97.96
1st Resistance: 99.44
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.
Hellena | EUR/USD (4H): LONG to the resistance area 1.18098.We are observing the development of a five-wave impulse in the medium-term wave “2”.
The small wave “1” appears to be completing its movement, and I expect a correction in wave ‘2’ to the area of 1.15681, followed by a continuation of the upward movement in wave “3”. The minimum target for the movement is the resistance area of 1.18098.
I do not rule out the fact that wave “1” is not yet complete, so there is a possibility of the upward movement continuing without correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): SHORT to support area of 60 (Wave "3").Wave “C” continues to develop in a five-wave movement. Right now, I think wave “1” has just ended and we will see a small correction to the 66,280 area (wave ‘2’), after which I expect wave “3” to develop, which should go further than the 60 support level, but this is a fairly strong psychological level at which it would be good to take profits.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
AUDUSD Tests 0.64400 as DXY Strengthens on Fed BetsHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64400 zone, AUDUSD is correcting higher within its broader downtrend, with price approaching the 0.64400 resistance area. This zone aligns with prior supply and could be pivotal in determining whether bearish momentum resumes or a deeper retracement unfolds.
The U.S. Dollar Index (DXY) recently broke above the 98.700 key resistance, reinforcing its bullish bias. With U.S. inflation still elevated, markets are focused on potential hawkish commentary from the Federal Reserve at the Jackson Hole symposium — a factor that could further strengthen the dollar and weigh on AUDUSD.
Price action around 0.64400 will be critical in assessing whether sellers reassert control or the correction continues.
Gold Price Analysis August 22The gold market in recent sessions has shown a rather weak bullish force, so the possibility of a decline at the end of the week is worth noting. Currently, the price is still fluctuating in the important border zone of 3359 - 3330.
Notable points:
3330 is still a key support zone. However, it is advisable to wait for a clear confirmation signal from the candle before taking action to avoid falling into the False Break trap.
When 3330 is broken, the buying reaction may only appear around 3303.
Absolutely limit trading against the trend when there is a clear breakout signal.
🎯 Reference strategy:
SELL: Activate when the price breaks and maintains below 3330 → Target 3285.
BUY: When the candle closes above 3340 → Target towards 3380.
Bullish bounce off?AUD/USD is reacting off the support level, which is a swing low support and could bounce from this level to our take profit.
Entry: 0.6420
Why we like it:
There is a swing low support.
Stop loss: 0.6388
Why we like it:
There is a swing low support that is slightly above the 127.2% Fibonacci extension.
Take profit: 0.6481
Why we like it:
There is an overlap resistance that is slightly below the 50% 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.
Falling towards major support?GBP/USD is falling towards the support level, which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3386
Why we like it:
There is an overlap support that is slightly above the 50% Fibonacci retracement.
Stop loss: 1.3266
Why we like it:
There is a pullback support that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.3520
Why we like it:
There is a pullback resistance.
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.
Could the Fiber bounce from here?The price is falling towards the support level, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take-profit.
Entry: 1.1592
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.1528
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.1711
Why we like it:
There is a multi-swing high resistance.
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 reversal?USDX is rising towards the resistance level which is an overlap resistance that is slghtly below the 50% Fibonacci retracement and the 127.2% Fibonacci extension and could revrse from this level to our take profit.
Entry: 98.62
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 99.40
Why we like it:
There is a pullback resistance level.
Take profit: 97.49
Why we like it:
There is a swing low support.
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.
Descending Channel Exhaustion Bullish Reversal on the HorizonEURUSD Descending Channel Exhaustion Bullish Reversal on the Horizon
EURUSD continues to trade inside a clear descending channel, but price action is showing signs of exhaustion as it approaches a key liquidity zone. The structure suggests that buyers may soon take control, pushing price toward higher targets.
📊 MMFLOW Technical Outlook
Liquidity sweep near 1.16126 BUY ZONE signals strong potential for accumulation.
A breakout above the channel trendline will be the trigger for the bullish leg.
Key levels to the upside: 1.16694 – 1.16835 – 1.17064 – 1.17192.
💡 MMFLOW Trading Plan
Primary bias: Bullish – Buy dips near liquidity zones.
Entry ideas: Wait for confirmation at 1.16126 or a clean breakout + retest of 1.16694.
Short-term pullbacks can be scalped, but the main strategy favors swing longs.
📌 Key Levels to Watch:
Supports: 1.16126 – 1.1638
Resistances: 1.16694 – 1.16835 – 1.17064 – 1.17192
🚨 Risk Note:
Failure to hold above 1.16126 could extend the bearish channel lower. Always stick to TP/SL discipline.
✨ MMFLOW Reminder:
👉 Patience at KeyLevels = Profits
👉 Trade with the trend, not against it.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
The EUR/USD pair has been ranging between key support and resistance zones since last week. At present, price is sitting right on a critical support level, as the market appears to be waiting for Fed Chair Jerome Powell's speech at Jackson Hole tomorrow.
Our broader outlook remains bearish, but a clear break below support is needed to confirm downside continuation.
If support breaks, the pair could head toward lower targets in the coming sessions.
Avoid early short positions while price is still holding above support.
Wait for a confirmed breakdown of the support level to validate the bearish scenario.
Don’t forget to like and share your thoughts in the comments! ❤️
GBPUSD – Bearish Channel Breakout Ready for the Next Bullish LegGBPUSD is showing signs of completing its accumulation phase after a strong decline. The current structure highlights a descending channel losing momentum, with a potential breakout setting up a bullish reversal.
📊 MMFLOW Technical Outlook
Liquidity was swept at the 1.34169 BUY ZONE, followed by a strong rebound – signaling absorption from smart money.
The 1.34641 level is the Key Breakout Zone. A confirmed close above this zone will unlock the bullish path.
Upside targets: 1.34979 – 1.35407 – 1.35779.
💡 MMFLOW Trading Plan
Primary bias: Buy the dips near strong supports.
Wait for a confirmed breakout above 1.34641 to join the trend.
Short-term scalps possible, but main strategy remains trend-following longs.
📌 Key Levels to Watch:
Supports: 1.34169 – 1.34641
Resistances: 1.34979 – 1.35407 – 1.35779
🚨 Risk Note:
A deep drop below 1.34169 invalidates the bullish setup. Always manage SL carefully.
✨ MMFLOW Reminder:
👉 KeyLevels = Profits
👉 Buy only with confirmed direction.
USDCAD Top of the Channel issues short-term sell signal.The USDCAD pair has been trading within a Channel Up since the 1D RSI Bullish Divergence started on the June 16 bottom and right now the price is approaching its top (Higher Highs trend-line) yet again.
With the 1D MA50 (blue trend-line) acting as Support, we expect as short-term pull-back (at least) as long as the 1D candles close within the pattern. Our Target is 1.37715.
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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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GBPJPY – Bears Just Getting Started?1. Market’s Context
In my previous two analyses, I highlighted the high probability of a drop in GBPJPY and noted that as long as resistance holds, the preferred scenario is to look for selling opportunities.
Yesterday, the market finally broke below the 199.00 support, reaching a local low around 198.90.
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2. The Key Question
Was this just the first step of a deeper bearish move?
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3. Why the Bearish Case is Strong
• Resistance remains intact, limiting upside potential.
• Break of 199.00 support confirms bearish momentum.
• Current price action looks more like a corrective rebound than a reversal.
• Structure suggests the decline could just be starting.
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4. Trading Plan
• I remain bearish.
• Selling rallies is back in play.
• Target: the 195.00 zone remains my focus.
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5. Final Note 🚀
GBPJPY has confirmed the break—now it’s all about execution. Sell the rebounds, aim for 195.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.