EUR/USD Slips — Setup or Selloff?EUR/USD kicked off the week under pressure, hovering near 1.1540 during the Asian session. The drop comes as the U.S. dollar regains strength, driven by safe-haven demand amid rising geopolitical tensions in the Middle East.
In times like these, the greenback shines — and riskier currencies like the euro naturally take a hit. If the situation escalates further, the pair could extend its decline in the near term.
But let’s flip the perspective: while some see risk, others see opportunity. This dip might just be the pullback that buyers have been waiting for — especially if the fundamentals shift or tensions ease. Timing, as always, is everything.
Forex
EURCAD Set To Fall! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.5718
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.5674
My Stop Loss - 1.5743
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBPUSD: Expecting Bullish Movement! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the upward direction.
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GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the GBP/USD with the target of 1.344 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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An update on my NAS100 trade idea I shared over the weekend.I analyzed over the weekend and ended up breaking down a weak high, my mistake was not considering some of the information the chart was communicating at that time.
I ended up not getting any entry opportunity on the POI I was targeting. As I was waiting, I noticed I was looking for entry on the push of a weak high which was now acting as an inducement then reevaluated my analysis and noticed price was going to look for liquidity above that weak high.
AUDCHF: Pullback From Resistance 🇦🇺🇨🇭
There is a high chance that AUDCHF will retrace from a key daily resistance.
As a confirmation, I see a strong rejection on an hourly time frame.
Goal - 0.5267
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Could the Loonie reverse from here?The price is reacting off the support level which lines up with the 100% and the 78.6% Fibonacci projection and could rise from this levl to our take profit.
Entry: 1.3544
Why we like it:
There is a support level at the 100% and the 78.6% Fibonacci projection.
Stop loss: 1.3516
Why we like it:
There is a support level at the 100% Fibonacci projection.
Take profit: 1.3595
Why we like it:
There is an overlap resistance level that aligns with 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.
XAUUSD 16 June – Liquidity Trap or Smart Money Rotation? XAUUSD 16 June – Liquidity Trap or Smart Money Rotation?
Gold surprised many traders with a sharp spike during the Asian session, only to reverse aggressively hours later. While headlines screamed “war” and panic, the price behavior told a different story—one of strategic distribution and smart money rotation...
🌍 Macro & Fundamental Context
Geopolitical triggers: Rising tensions in the Middle East (Israel-Iran) and political assassinations triggered emotional buying across safe-haven assets like gold and oil.
Institutional rotation: Major funds appear to be offloading gold positions to rebalance into equities (in correction) and oil (strong upside potential).
Market narrative: News-induced FOMO drives retail into overbought zones, allowing larger players to exit at premium prices.
📈 Technical Overview (M30 Structure)
Price Action: Gold tapped into major resistance at 3456–3458, showing an aggressive rejection shortly after.
EMA Behavior: EMAs (13/34/89/200) are flattening across M15 and M30—early signs of a possible bearish crossover.
Volume Drop: Declining volume after the spike suggests buyer exhaustion, reinforcing the idea of a bull trap.
Fair Value Gap (FVG): A visible liquidity void remains below the 3390 area. Price often returns to fill these zones.
🎯 Trading Plan for Today
✅ Scenario A: Buy from Demand Zone (Liquidity Fill)
Entry: 3383 – 3385
Stop Loss: 3377
Targets: 3386 → 3390 → 3394 → 3398 → 3402 → 3406 → 3410+
📌 Best executed during London or NY session if price shows absorption or reversal confirmation.
❌ Scenario B: Sell from Resistance Only on Clear Rejection
Entry: 3456 – 3458
Stop Loss: 3462
Targets: 3452 → 3448 → 3444 → 3440 → 3435 → 3430
⚠️ Only enter shorts if clear bearish engulfing or pin-bar setup forms near resistance zone.
🧠 Market Psychology
Retail FOMO is being exploited by larger players to exit risk positions.
Liquidity engineering is likely in play—smart money drives price up on headlines, then exits into buyer momentum.
Equity & Oil rotation signals a shift in institutional preference short-term.
📌 Final Thoughts
This isn’t a time to chase breakouts. Gold is entering a volatile re-accumulation phase where news is being weaponized to induce emotional trading. The real edge lies in waiting for price to come to your level and only executing with confirmation.
🎯 Zone to Watch: 3383 – 3385
📉 Avoid chasing moves
📊 Respect your SL & manage risk like a pro
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🧭 Stay patient. The next big move will reward those with discipline and timing.
Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.3610
Why we like it:
There is a resistance level.
Stop loss: 1.3644
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension.
Take profit: 1.3560
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish breakout?AUD/USD is falling towards a support level, which acts as a pullback support. A breakout below this level could lead the price to drop further towards our take-profit target
Entry: 0.6533
Why we like it:
There is a pullback support level.
Stop loss: 0.6560
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 0.6492
Why we like it:
There is a pullback support level that aligns with the 71% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1546
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 1.1497
Why we like it:
There is an overlap support level.
Take profit: 1.1611
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 DXY reverse from here?The price is reacting off the pivot and could rise to the 1st resistance which is an overlap resistance.
Pivot: 97.71
1st Support: 94.66
1st Resistance: 101.87
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.
US100 - Trading within a bearish parallel channel!Introduction
The US100 is currently trading within a well-defined parallel channel to the downside, consistently finding support along the lower trendline and facing resistance near the upper boundary. This structure has led to a clear pattern of lower lows and lower highs on the 1H timeframe. Most recently, price action broke market structure, and we now anticipate a reaction near a high-confluence resistance area.
Parallel Channel
A distinct parallel channel has been developing on the US100 over the past several days on the 1H timeframe. During last night's move, the price touched the lower boundary of the channel and has been trending upward since. After breaking above the midline at $21,640, momentum suggests a potential continuation toward the upper boundary of the channel around $21,830.
FVG
During the most recent downward move, the US100 created a significant 1H Fair Value Gap (FVG), stretching from $21,775 to $21,840. This zone represents a key imbalance that could generate a strong reaction to the downside if price revisits it.
Conclusion
Given the break in structure on the 1H timeframe, short-term upward moves are likely to face resistance. The confluence between the upper boundary of the parallel channel and the 1H FVG creates a high-probability area for price rejection, making it a critical level to watch for potential downside pressure.
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XAU/USD,4h chart pattern.Im looking to buy Gold at 3432 with a target of 3500. Here's a quick analysis and trade plan for this idea:
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🟡 Gold Trade Setup
Buy Entry: 3432
Target (Take Profit): 3500
Potential Gain: 68 points
Suggested Stop Loss: Around 3400 (for a 1:2 risk/reward ratio)
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📊 Things to Consider:
1. Trend: Ensure the current market trend supports a bullish move. Look for higher lows and higher highs.
2. Support at 3432: Is this a strong support level? If it’s holding multiple times, it can be a good entry.
3. Resistance at 3500: This could be a psychological or historical resistance. Be ready for partial profit booking near it.
4. News & Events: Watch for U.S. economic data or Fed comments that could impact gold volatility.
5. Risk Management: Don’t risk more than 1-2% of your capital on this trade.
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Would you like a technical chart setup or analysis based on current market conditions to support this trade idea?
EURJPY Will Go Higher From Support! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 164.890.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 166.192 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 67.337.
Taking into consideration the structure & trend analysis, I believe that the market will reach 69.433 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Toward $3,500? Gold Faces Key Policy DecisionsGold is currently trading around $3,438 and continues to show positive momentum. After a week focused on inflation data, the gold market is now shifting its attention to interest rate decisions and policy guidance from major central banks.
The week begins with the Empire State Manufacturing Index, a key indicator of economic activity in the New York region. Following that, the Bank of Japan (BoJ) will announce its monetary policy decision, and investors are closely watching to see whether the BoJ will continue normalizing its interest rates.
Next comes U.S. retail sales data for May — a crucial gauge of consumer spending, which remains the backbone of the U.S. economy. Any signs of weakness in consumer activity could increase expectations for Federal Reserve rate cuts.
However, the main focus remains the upcoming Fed meeting. While markets widely expect rates to be held steady, investors are awaiting clear signals from Chair Jerome Powell regarding the path and timing of potential rate cuts ahead.
According to Kitco’s weekly gold survey, professional analysts remain optimistic about gold’s outlook, while retail investors are showing more caution.
With central bank decisions approaching and geopolitical tensions lingering, investors need to stay alert. Risks such as rising social unrest in the U.S., escalating conflicts in the Middle East, and ongoing de-dollarization trends are all fueling demand for gold as a safe-haven asset.
Given expectations that the Fed will hold rates steady, gold maintains its defensive appeal. In my view, the precious metal may soon retest its highs near $3,500, as its role as a global safe haven becomes even more pronounced amid mounting uncertainty.
Gold Price Analysis June 16There is not much surprise when the price gap up appeared on Monday morning
there is no barrier that can stop the price of gold from increasing towards ATH.
Gold has a slight correction in Tokyo session after the price gap up touched the round resistance zone 3450.
The correction may extend to 3413 in European session. This is a BUY zone with the expectation that Gold will regain the ATH hook. If broken, there will be some Scalping buy zones but the risk is quite high so to be safe, wait for 3398.
3463 acts as temporary resistance for a reaction period before Gold returns to the all-time high. Maybe before 3490 there will be another price reaction before reaching the top.
USDCAD: Bearish Trend Continues 🇺🇸🇨🇦
Amid the geopolitical tensions and a bullish rally on Crude Oil,
USDCAD is going to drop more.
The closest support that I see is 1.3545.
It will be the next goal for the sellers.
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USD/JPY...1h chart pattern..Here's a quick summary of MY USD/JPY trade setup:
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Trade Idea: SELL USD/JPY @ 144.000
Entry Point: 144.000
Target 1 (TP1): 143.400 → +60 pips
Target 2 (TP2): 142.400 → +160 pips
Suggestions:
Stop Loss (SL): Consider setting a stop loss above recent resistance (e.g., 144.500 or 144.800) to manage risk.
Risk/Reward Ratio:
For TP1: 1:1 with SL @ 144.600
For TP2: ~2.6:1 with SL @ 144.600
Key Technical Zones:
Watch for support near 143.400 (TP1); possible bounce or consolidation.
142.400 is a deeper move — stronger confirmation needed (e.g., a break below 143.400 with volume).
Let me know if you’d like a chart analysis or updates on news that could impact this trade.
Hellena | EUR/USD (4H): LONG to the resistance area 1.17300.Colleagues, I believe that the upward five-wave impulse is not over yet. At the moment, I see the formation of wave “3” of the lower order and wave “3” of the middle order, which means that the upward movement will continue at least to the resistance area of 1.17300. This area is located between two levels (1.16529-1.18252) of Fibonacci extension.
A correction is possible — be careful.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Potential bullish reversal?USD/JPY is reacting off the pivot and could rise from this level to the 1st resistance.
Pivot: 143.79
1st Support: 139.64
1st Resistance: 148.91
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.