Where is EURUSD heading to ?EURUSD has significantly moved up since 1st August and is rejected at the trend line started from 01st Jul. It is decisively situated in a range as per the trend lines. Based on the current indicators, there are two diferent negative divergences indicated by both RSI and MACD. Strength of the current move is weak as per ADX indicator. But due to Trump and Putin meet planned on Friday and it can move in any direction based on outcome. So be prepared for the volatality accordingly and trade cautiously.
J-USD
BITCOIN H4 | Potential bearish reversalBased on thee H4 chart analysis,we could see the price rise to the sell entry at 115,666.35, which is a pullbck eistance that is slightly above the 23.6% Fibonacci retracement and could reverse from this level to the take profit.
Stop los is at 118,717.95, which is a pullback resistanc that lines up with the 50% Fibonacci retracement.
Take profit is at 110,541.22, which is a pullback support.
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.
Bullish bounce?The Gold (XAU/USD) is falling towards the pivot and could bounce to the 1st resistance, which acts as a pullback resistance.
Pivot: 3,307.62
1st Support: 3,267.80
1st Resistance: 3,350.96
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is reacting off the pivot, which acts as a pullback resistance that aligns with the 61.8% Fibonacci projection and is also slightly below the 127.2% Fibonacci extension, and could drop to the 50% Fibonacci support.
Pivot: 1.3913
1st Support: 1.3813
1st Resistance: 1.3988
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.
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.
NZDUSD to see a temporary move higher<NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5800 will confirm the bearish momentum.
The measured move target is 0.5860.
We look to Sell at 0.5850 (stop at 0.5880)
Our profit targets will be 0.5775 and 0.5760
Resistance: 0.5850 / 0.5860 / 0.5875
Support: 0.5800 / 0.5775 / 0.5760
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.
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US Dollar: Is The Bearish Correction Ending?Welcome back to the Weekly Forex Forecast for the week of Aug 18 - 22nd.
In this video, we will analyze the following FX market: USD Dollar
The USD has been weak since the start of August. But this is after a Bullish July! Is the retracement going to find support and all buyers to take over? Price is currently at the levels that could see buyers step in, just above a protected fractal low. If the low holds, we will see prices move higher. If the low fails, we resume the down trend that we've been in since January.
React and do not predict.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
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.
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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.
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.
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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.
Gold Price Analysis – Dollar Strength vs Safe-Haven DemandGOLD (XAUUSD) – Technical Outlook
A stronger U.S. dollar is weighing on gold, as it makes dollar-denominated commodities more expensive for international buyers and competes with gold’s safe-haven appeal.
Gold is currently trading around 3341, holding just above the pivot zone (3343 / 3332). The market remains in consolidation, awaiting a decisive breakout.
Bullish Scenario:
As long as price trades above 3332, gold may attempt to continue its bullish move. A confirmed 1H close above 3343 would target 3365, with further extensions toward 3383 – 3401.
Bearish Scenario:
A move below 3332 would open the way to 3320, and a confirmed 4H close below 3320 could extend the decline toward 3285.
📍 Key Levels
Pivot: 3343
Support: 3332 – 3320 – 3312
Resistance: 3365 – 3383 – 3401
EURUSD Update | Descending Channel Keeps Pressure on EuroEURUSD – Technical Outlook
The pair continues to trade within a descending channel, showing persistent bearish pressure. Price is currently around 1.1638, sitting below the short pivot line at 1.1684.
Bearish Scenario
As long as price trades below 1.1684, momentum favors the downside.
A confirmed break below 1.1627 would strengthen bearish pressure, with the next target at the support zone near 1.1556.
A deeper decline could extend toward 1.1450 if the support zone gives way.
Bullish Scenario
A sustained move above 1.1684 would challenge the pivot zone at 1.1751 – 1.1780.
A breakout of the descending channel would then be needed to confirm a shift toward bullish momentum.
📍 Key Levels
Resistance: 1.1684 – 1.1751 – 1.1780
Support: 1.1627 – 1.1556 – 1.1450 – 1.1372
⚠️ Bias remains bearish while below 1.1684. Watch for volatility around Fed and ECB signals as fundamental drivers.
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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BTC Explodes: Heading Towards New Targets!The BTC/USDT chart shows a strong upward trend, with the price currently trading within a stable ascending channel. Bitcoin has rebounded from the support level at 3,314.700 USD and is now heading towards the next target at 3,372 USD. This price structure, with higher highs and higher lows, indicates that the bullish trend is strengthening. If BTC remains above the support level at 3,334 USD, the probability of continuing the upward movement towards 3,372 USD is very high.
News Supporting the Uptrend:
FOMC Minutes: The dovish tone from the FOMC has weakened the USD, which supports BTC's upward trend.
Jobless Claims: Higher-than-expected jobless claims data signals a weaker economy, pushing BTC higher.
PMI Index: Weak PMI figures reinforce the decline of the USD and create favorable conditions for BTC's price increase.
Trading Strategy:
Buy when BTC stays above the current support level, targeting the next level at 3,372 USD. Protect capital with a reasonable stop loss.
Quick Forex update. Waiting for the Powell speech.Let's have a quick technical look at the top FX pairs before the Jackson Hole Symposium. Let's dig in.
TVC:DXY
FX_IDC:AUDUSD
FX_IDC:NZDUSD
FX_IDC:USDJPY
FX_IDC:USDCAD
Let us know what you think in the comments below.
Thank you.
75.2% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
#XRP How Long To Reach 3.31 ?#XRP
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, supporting the upside.
There is a major support area (in green) at 2.80, which represents a strong basis for the upside.
For inquiries, please leave a comment.
We are in a consolidation trend above the 100 Moving Average.
Entry price: 2.90
First target: 3.30
Second target: 3.14
Third target: 3.31
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
XAUUSD H4 | Bearish drop offThe Gold (XAU/USD) is reacting off the sell entry, which is a pullback resistance and could drop from this level to the downside.
Sell entry is at 3,342.80, which is a pullback resistance.
Stop loss is at 3,367.03, which is a pullback resistance that lines up with the 61.8% Fibonacci retracement.
Take profit is at 3,306.77, which is a pullback support that is slightly above the 78.6% Fibonacci projection.
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.