Falling towards 61.8% Fibonacci support?GBP/USD is falling towards the support level, which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3352
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.3295
Why we like it:
There is a pullback support level.
Take profit: 1.3451
Why we like it:
There is a swing high resistance level.
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USD
Bearish reversal off pullback resistance?EUR/USD has rejected off the resistance level, which is a pullback resistance that aligns with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection, and could reverse from this level to our take profit.
Entry: 1.1755
Why we like it:
There is a pullback resistance level that aligns with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection.
Stop loss: 1.1815
Why we like it:
There is a pullback resistance that aligns with the 100% Fibonacci projection.
Take profit: 1.1676
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
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AUDUSD on its most important week of the past 5 years.The AUDUSD pair has been trading on a strong bearish trend under the heavy Resistance pressure of the 5-year Lower Highs trend-line, which just broke above it this week.
This is the most critical multi-year test for the pair as a weekly closing above the Lower Highs trend-line, thus the 1W MA200 (orange trend-line) also which has been intact since Jan 2023, will place the market on a new potentially long-term bullish trend.
If it closes below the Lowe Highs trend-line though, that would be the most optimal sell signal to target the 0.786 Fibonacci level at 0.60700.
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USD/JPY From Resistance to Support - What's NextUSD/JPY pushed a strong breakout from the falling wedge formation, eventually running up to the resistance looked at in my last post on the pair. That resistance came into play shortly after and since then, prices have been pulling back.
It's easy to jump on weak-USD themes at the moment given the reaction to the FOMC meeting, but while EUR/USD is breaking out and GBP/USD is pushing fresh highs, USD/JPY is still within the confines of bullish structure and the pair could be one of the more attractive ways to fade the move for those that are looking to take on some USD-strength setups.
At this point the key is whether buyers can sustain a higher-low above the 154.33 level that had held the lows last Friday. Ideally - the 155.00 level would hold as a higher-low, thereby allowing for bullish trend scenarios from the daily chart.
But, there's another way traders can work with this Yen-weakness and EUR/JPY is very near the ATH that was set yesterday and GBP/JPY has an attractive higher-low spot of support setting up.
- js
NZDUSD - Triple Confluence Zone in Play!NZDUSD has been in a steady bearish trend, but the pair is now reaching a major confluence area that could act as a strong turning point.
🔎The blue circle marks the intersection of two descending trendlines and a key demand zone, making it a massive area to look for long opportunities.
⚔️This triple intersection increases the probability of a bullish rebound, especially as the pair is also showing signs of being oversold. A potential rejection from this zone could trigger a short-term correction toward the upper orange trendline, aligning with the next resistance area.
🏹As long as this demand zone holds , the bulls have a chance to step in and shift short-term momentum upward.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
EURUSD: Price Holds Channel Support, Aiming for 1.1680Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD remains in a broader bullish structure, with recent price action developing inside a well-defined ascending channel. After a strong impulsive rally, the pair broke above the previous consolidation zone and confirmed the breakout with a successful retest of the 1.16100 support zone, which now acts as a key demand area. The market then continued higher, forming higher highs and higher lows along the channel structure.
Currently, price is consolidating below the 1.16800 resistance zone, which represents a major supply area and the upper boundary of the current bullish leg. Despite short-term consolidation, buyers continue to defend the support zone, keeping bullish pressure intact.
My Scenario & Strategy
My scenario remains bullish as long as EURUSD holds above the 1.16100–1.16200 support zone and respects the ascending channel structure. I expect the price to continue pressing toward the 1.16800 resistance, which is the next major target for buyers. A clean and sustained breakout above this resistance would open the way for further upside continuation and new highs.
However, if price fails to break the resistance and shows strong rejection, a short-term pullback toward the mid-channel or back into the support zone is possible. Still, the overall bullish structure remains valid as long as the lower channel boundary holds. For now, the market supports a long bias, with the main objective being a retest of the 1.16800 resistance zone.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
GBPUSD Poised to Rally as USD Weakens Into December CutIn today's trading session we are monitoring GBPUSD for a buying opportunity around the 1.32900 zone.
GBPUSD remains in a clear uptrend, and is currently in a correction phase, approaching the 1.32900 support and resistance area, where buyers may step back in.
On the fundamental side, the US Dollar continues to weaken as the market increasingly prices in a December rate cut from the Federal Reserve. Recent US data has been softening, adding pressure on the Fed and reinforcing expectations for looser monetary policy.
A dovish Fed outlook = bearish USD, which naturally supports GBPUSD upside.
Trade safe,
Joe.
Bullish bounce off?XAG/USD has bounced off the pivot and could potentially rise to the 1st resistance, which is a swing high resistance.
Pivot: 61.52
1st Support: 60.72
1st Resistance: 62.86
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 bounce from here?Gold (XAU/USD) is falling towards the pivot and could bounce to he 1st resistance which acts as a multi swing high resistance.
Pivot: 4,200.44
1st Support: 4,167.93
1st Resistance: 4241.96
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?USD/JPY is reacting off the pivot which is a pullback resistance and could reverse to the overlap support.
Pivot: 156.06
1st Support: 154.92
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
Bearish momentum to continue?Swissie (USD/CHF) is rising towards the pivot and could reverse to the 1st support, which aligns with the 127.2% Fibonacci extension.
Pivot: 0.8011
1st Suport: 0.7961
1st Resistance: 0.8036
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 and could bounce to the 1st resistance.
Pivot: 0.6611
1st Support: 0.6580
1st Resistance: 0.6648
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 bounce off 61.8% FIbonacci support?Fiber (EUR/USD) is falling towards the pivot and could bounce to the swing high resistance.
Pivot: 1.1654
1st Support: 1.1623
1st Resistance: 1.1711
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?GBP/USD is falling towards the pivot, which is slightly above the 23.6% Fibonacci retracement and oculd bounce to the 1st resistance.
Pivot: 1.3354
1st Support: 1.3297
1st Resistance: 1.3453
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
XAGUSD BUY SETP📌 Trade Plan (Short & Professional)
🟢 Entry
Buy after bullish confirmation inside:
61.40–61.20 mitigation zone, or
60.70–60.50 main demand zone (preferred after liquidity sweep)
🛑 Stop Loss
Below the demand zone: 59.95–60.00
🎯 Take Profit
Target the next liquidity zone / recent highs:
62.80–63.40
📈 Reason for Entry
Market shows a bullish BOS
Price is retracing to fill imbalance + mitigate demand
Expecting a liquidity sweep, then bullish continuation
Gold (XAU) — Short-Term Bearish Pressure Before Bullish ContinuaGold is showing signs of short-term downside pressure. I expect an initial decline into the 4100–4130 zone. However, if the Federal Reserve does not deliver the expected rate cuts and maintains higher levels for longer, there is a real possibility of an extended drop toward the 3940–4000 area before the market stabilizes.
Despite these short-term risks, the medium- and long-term outlook remains bullish. The current structure still reflects a healthy corrective move within a larger upward trend. Once liquidity is cleared below, I expect strong bullish continuation toward the 4600–4700 zone.
Higher-timeframe momentum still favors buyers, and the overall price behavior aligns more with institutional accumulation than with true trend exhaustion.
Drop your asset in the comments + hit the like button and I’ll prepare a custom analysis for you.
Stay patient and trade with precision.
Bullish bounce off overlap suport?Ethereum (ETH/USD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which acts a a swing high resistance.
Pivot: 3,238.27
1st Support: 3,047.27
1st Resistance: 3,620.30
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/CAD Holds Support Into FOMC, BOCWith the BoC and FOMC meetings approaching, USD/CAD is likely to be caught in the crossfire. One-day implied volatility has surged, and the 1-week tenor now sits above the 1-month. While this sets the stage for two-way swings in the near term, a short-term bounce still looks possible before the broader decline resumes.
The pair has already seen a solid selloff ahead of the BoC on expectations of a hawkish hold. Strong US data could also give the Fed scope to deliver a hawkish, well-flagged 25bp cut.
USD/CAD is holding above the monthly S2 pivot and the September VPOC, leaving room for a retracement towards the 1.3880 low and monthly S1 pivot.
However, with yield differentials still pointing lower, bears may be inclined to fade any such bounce in anticipation of a move towards the August and September lows.
Matt Simpson, Market Analyst at City Index.
NZDUSD to find buyers at market price?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 0.5875.
We look to Buy at 0.5775 (stop at 0.5740)
Our profit targets will be 0.5850 and 0.5875
Resistance: 0.5800 / 0.5825 / 0.5850
Support: 0.5775 / 0.5750 / 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.
Bearish reversal off key resistance?USD/ZAR has rejected off the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 17.09341
1st Support: 16.91053
1st Resistance: 17.2333
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/CHF has bounced off the pullback support, which could potentially drive it higher to our take profit.
Entry: 0.8047
Why we like it:
There is a pullback support level.
Stop loss: 0.8008
Why we like it:
There is a pullback support level.
Take profit: 0.8110
Why we like it:
There is a swing high 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.
Bullish bounce off?USD/CAD has bounced off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 1.3816
Why we like it:
There is a pullback support level.
Stop loss: 1.3769
Why we like it:
There is a pullback support level.
Take profit: 1.3910
Why we like it:
There is a pullback resistance level that is slightly below the 38.2% 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.






















