Bullilsh bounce off 38.2% Fibonacci support?NZD/USD is falling towards the pivot which aligns with the 38.2% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 0.5729
1st Support: 0.5687
1st Resistance: 0.5796
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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
USD
Falling towards pullback support?Aussie (AUD/USD) is falling towards the pivot, which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 0.6573
1st Support: 0.6516
1st Resistance: 0.6647
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 for the Cable?The price has rejected off the pivot, which is a pullback resistance, and could drop to the 1st support, which acts as a pullback support.
Pivot: 1.3408
1st Support: 1.3271
1st Resistance: 1.3497
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 reversal from here?Fiber (EUR/USD) is reacting off the pivot and could reverse to the 1st support, which is a pullback support.
Pivot: 1.1767
1st Support: 1.1670
1st Resistance: 1.1815
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 find buyers at previous support?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5800 will confirm the bullish momentum.
The measured move target is 0.5850.
We look to Buy at 0.5760 (stop at 0.5725)
Our profit targets will be 0.5835 and 0.5850
Resistance: 0.5800 / 0.5825 / 0.5850
Support: 0.5775 / 0.5760 / 0.5725
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR/USD Re-Tests Fibonacci Resistance into Heavy USD RiskEUR/USD bulls have an open door to run but perhaps the more entertaining scenario is what happens if they don't.
Last week saw the pair break out to fresh monthly highs after the FOMC rate decision and much of the drive seemed to show after Powell had a phrase in the press conference pertaining to labor market conditions, when he said he thought the US was losing 20k jobs per month. While the Fed's dot plot matrix wasn't as dovish as what rates markets were looking for, that phrase shows a Federal Reserve that's concerned about employment, and that can push on the other side of the dual mandate provided that inflation doesn't shoot higher. We'll get data on both fronts later this week, and this highlights the setup in EUR/USD as the pair tests a major area of resistance.
I highlighted this resistance as we came into the second-half of the year, and it spans from a Fibonacci retracement that's had a number of important inflections over the past two years and change. Produced by the 2021-2022 major move, the 61.8% caught the high in 2023 and the 38.2 and 50% marks defined a range for the bulk of last year. Earlier in 2025, the 23.6% retracement is what ultimately caught the yearly low and as we came into Q3, it was the 76.4 and 78.6% retracements that were holding resistance.
Almost six months later, bulls haven't been able to do much above that very key spot on the chart, although shorter-term we can see buyers trying to make their mark. This puts a lot of emphasis on the upcoming data out of the US as that will push into year-end themes.
In Q4, it was the 1.1500 handle that ultimately stymied sellers and if we do see failure from bulls to break through, that remains a major spot for EUR/USD bears in early 2026 trade. As I wrote in these posts previously, that's a tough nut to crack for EUR/USD and can often take weeks or months for trends to ultimately chew through. So, bulls have an open door here and if they fail to walk through it, that's the next scenario to entertain. - js
USDCHF - Same Structure, Different Plays!!🏹USDCHF has been respecting its rising wedge structure beautifully.
📈We initially bought near the lower bound of the wedge, where buyers stepped in with clear support. 📉Later on, we sold near the upper bound, capitalizing on exhaustion at resistance. Classic structure-based trading.
⚔️Now price is rotating back toward the lower bound of the rising wedge, which aligns perfectly with a well-defined support zone. This intersection is where we’ll be looking for fresh trend-following long setups, as long as price shows acceptance and bullish reaction from this area.
🏹As long as the lower wedge support holds, the bias remains for another rotation higher within the structure. A clean break below would invalidate this bullish scenario and shift the narrative.
Same chart. Same structure. Different opportunities. 🤔
Are buyers ready to defend it again?
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
USDCAD reached a key daily demand zone (61.8% Fib)Expanded analysis (for the idea details)
Context & setup
Price has dropped sharply into a well-defined daily demand/congestion zone (≈ 1.3765–1.3714) and is currently testing the lower boundary. This area lines up with a key 61.8% retracement cluster and a multi-timeframe support region — a clear confluence of supply/demand and Fibonacci support.
Why this matters
The move into the zone is a strong liquidation leg; the first reaction here will tell us whether buyers are stepping in.
If price shows a clean bullish rejection (wicks, close back above the zone, or a bullish engulf), the probability of a corrective swing higher increases.
The 200/100-type moving averages and higher-timeframe structure act as resistance above, making this a high-reward countertrend/swing setup if buyers defend the zone.
Trade idea (example, for discussion — not trading advice)
Entry: buy area 1.376 – 1.379 after a confirmed bullish price action signal.
Stop loss: below 1.366 (monthly lower invalidation level).
Take profits: partial at 1.4026 (short-term swing target / area of interest), final at 1.4128 (monthly 61.8 / higher resistance).
Invalidation: clear daily close below 1.366 would invalidate the long idea and favors continuation lower.
Risk management & notes
Use position sizing so that the stop equals an acceptable percentage of your account. Aim for positive R:R (this plan targets ~2–4R depending on exact entry).
Watch for news and liquidity events — large catalysts can blow through technical zones.
Wait for a clean price-action confirmation before committing full size.
Summary
This is a classic demand-zone vs. fib confluence trade: if buyers defend 1.3765–1.3714, expect a corrective rally toward 1.402–1.413. If the zone breaks decisively, look for continuation toward 1.366 and below.
Not financial advice. Trade your plan and respect risk.
OANDA:USDCAD FX:USDCAD FOREXCOM:USDCAD BMFBOVESPA:CAD1! TFEX:USD1!
XAGUSD POSSIBLE SELL SETUP📌 Trade Plan (XAGUSD – Short Setup)
🔻 Entry Reason
Price made a Change of Character (CHoCH) at the highs → bullish momentum failed.
Strong impulsive bearish move followed, confirming sellers’ control.
Current price is retracing into prior structure resistance / imbalance near 62.70–62.80.
Expecting continuation toward lower liquidity + demand.
🔻 Entry
Sell on rejection in the 62.70–62.85 zone
Prefer bearish confirmation (engulfing / rejection candle)
🛑 Stop Loss (SL)
Above the recent high / supply zone:
64.40–64.60
🎯 Take Profit (TP)
Target downside liquidity & demand zone:
60.30–60.00
(Aligned with the highlighted green demand zone and blue arrow)
📉 Why This Trade Makes Sense
CHoCH signals trend shift
Pullback into discount / resistance
Clean range expansion → retracement → continuation model
Favourable risk-to-reward
Bullish reversal off overlap support?Loonie (USD/CAD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance that aligns with the 38.2% FIbonacci retracement.
Pivot: 1.3753
1st Suport: 1.3651
1st Resistance: 1.3909
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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?USD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 154.19
1st Support: 152.83
1st Resistance: 156.87
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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?Swissie (USD/CHF) is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 0.7895
1st Support: 0.7816
1st Resistance: 0.7994
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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
Heading into 61.8% Fibonacci resistance?Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.5845
1st Support: 0.5714
1st Resistance: 0.5903
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 continuation?Aussie (AUD/USD) is falling towards the pivot which acts as a pullback suport and could bounce to the 1st resistance.
Pivot: 0.6584
1st Support: 0.6484
1st Resistance: 0.6707
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 key resistance?Cable (GBP/USD) is rising towards the pivot, which aligns with the 61.8% Fibonacci retracement and could reverse to the 1st suport.
Pivot: 1.3462
1st Support: 1.3303
1st Resistance: 1.3541
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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?Fiber (EUR/USD) is rising towards the pivot, which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 1.1773
1st Support: 1.1636
1st Resistance: 1.1916
Disclaimer:
The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 key resistance?USD/CHF is rising towards the resistance level, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.7991
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.8023
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.7932
Why we like it:
There is a pullback support level.
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Potential bullish reversal?USD/CAD is falling towards the support level which is amulti swing low support and oculd bounce from this levle to our take profit.
Entry: 1.3724
Why we like it:
There is a multi-swing low support
Stop loss: 1.3678
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci projections.
Take profit: 1.3848
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish reversal off 50% Fibonacci resistance?GBP/USD is rising towards the resistance level, which is a pullback resistance that aligns with the 50% FIbonacci retracement and could reverse from this level to our take profit.
Entry: 1.3389
Why we like it:
There is a pullback resistance that aligns with the 50% Fibonacci retracement.
Stop loss: 1.3435
Why we like it:
There is a swing high resistance level.
Take profit: 1.3317
Why we like it:
There is a pullback support that aligns with the 78.6% 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 continuation?EUR/USD is falling towards the support level, which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1707
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacc retracement.
Stop loss: 1.1651
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement.
Take profit: 1.1817
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
BTCUSD - Down, DownBitcoin completed a corrective wave A and has resumed its downward move.
The decline is most likely heading toward the 80k area.
The move lower is expected to be choppy, so targets remain approximate.
Primary target: 80,500
Intermediate target: 86,100
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BTC Update: Higher Lows Holding, Slow Grind Up – Boring Is GoodBTC continues to look solid here. Over the past several days we’ve seen a steady sequence of higher lows forming, even though price action has been slow, choppy, and not particularly exciting. But that’s exactly what you want in this phase of the market. Boring, controlled chop is how Bitcoin builds structure and absorbs supply before making any larger moves.
The key takeaway: buyers continue stepping in earlier each time, defending levels and maintaining the upward tilt. That’s a constructive sign.
I still think there’s a real possibility we eventually get a deeper liquidity flush down toward that major support level below – markets love to test those zones before committing to bigger trend legs. But the important part is that BTC has held up very well throughout the past week. No breakdown, no loss of structure, and the chop is leaning upward rather than downward.
Surviving the chop is the goal. And right now, Bitcoin is doing just that. Quiet strength.
NZDUSD: Dollar Weakness Meets Trend Support!!Hey Traders,
In today’s trading session, we are monitoring NZDUSD for a potential buying opportunity around the 0.57800 zone.
Technical structure:
NZDUSD remains in a well-defined uptrend and is currently undergoing a healthy corrective phase, pulling back toward the 0.57800 area — a key zone of confluence where trend support and prior demand overlap. This level represents a high-interest area for trend continuation if buyers step back in.
Macro backdrop:
On the fundamental side, the US Dollar continues to face headwinds. Recent data points to a cooling US labor market, increasing sensitivity around upcoming releases. With the Fed already having delivered a rate cut, any further signs of economic softening increase the probability of additional policy easing, keeping the USD vulnerable on rallies.
This broader bearish USD environment strengthens the bullish case for NZDUSD, particularly when aligned with a supportive technical structure.
What to watch:
Price reaction around 0.57800 will be key — sustained demand here could open the door for a continuation toward recent highs.
Trade safe,
Joe






















