Bearish drop for the Aussie?The price is reacting off the resistace level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could potentially drop from this level to our take profit.
Entry: 0.6457
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement and the 132.6% Fibonacci extension.
Stop loss: 0.6469
Why we like it:
There is a pullback resistance level.
Take profit: 0.6418
Why we lik eit:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
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Forexsignals
Could the price bounce from here?USD/JPY is falling towards the support level which is a pullback support that lines up with the 71% Fibonacci retracement and also lslightly above the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 144.03
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Stop loss: 143.07
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Take profit: 145.86
Why we like it:
There is an overlap 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.
Potential bearish drop?EUR/USD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 1.1270
Why we like it:
There is an overlap resistance level.
Stop loss: 1.1374
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.1139
Why we like it:
There is a pullback support 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.
Next move Disruption Analysis: Bearish Risk Perspective
1. Sideways Consolidation (Red Box Zone):
The price is consolidating in a tight range between roughly 32.20 and 32.40, showing indecision and potential for either a breakout or breakdown.
Repeated rejections near the top of this box can signal exhaustion of buying pressure.
2. Volume Observation:
There’s no strong volume surge indicating accumulation; volume appears mixed and doesn't strongly support a bullish breakout.
A potential fakeout risk exists if the price spikes above the consolidation range only to fall back in (bull trap).
3. Potential Bearish Breakdown:
If the price breaks below the red box, especially under 32.20, it could trigger stop-losses and initiate a short-term bearish trend.
First downside target: 32.00 psychological level, followed by 31.80 support from previous lows.
4. Wick Rejection on Top:
The recent candles inside the box show long upper wicks — signs of selling pressure at higher levels.
Bullish bounce off 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3326
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3293
Why we like it:
There is an overlap support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.3395
Why we like it:
There is a pullback 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.
Next move Bearish Disruption Perspective:
1. Failure to Break Above Supply
Price is struggling near 32.40–32.50, a visible resistance area from prior swing highs.
Repeated rejections here can signal seller strength or profit-taking.
2. Exhaustion Patterns
The price is forming sideways consolidation (highlighted in red).
A failure to break upward from this box and a false breakout wick would suggest buyer exhaustion.
3. Bearish Breakdown Scenario
If price breaks below the red box support (~32.30), this range could flip into resistance.
A clean drop below 32.30 would likely open the path toward 32.00 and potentially 31.80.
4. Volume Spike on Red Candle
Volume on red bars (10.64K) suggests aggressive selling pressure creeping in.
Watch for confirmation if next candles close red with high volume.
Next target Bearish Disruption Points
1. False Breakout Risk
Price is hovering near the recent highs but hasn’t made a convincing higher high.
A fakeout above 32.42 followed by a sharp rejection could trap buyers and trigger a sell-off.
2. Exhaustion at Resistance
The current level (~32.33–32.42) was a previous distribution zone on May 13–14.
Low volume follow-through may indicate weak buying interest, increasing the odds of a reversal.
3. Bearish Divergence (Potential)
If RSI or MACD shows lower highs while price pushes up, that’s a bearish divergence—a common reversal signal.
(You’d need to check indicators for confirmation.)
4. Support Flip to Resistance
If the price breaks back below the red box (~32.25), the same zone could act as resistance, turning into a supply zone.
5. Volume Clue
Volume appears lower during the recent bullish attempts, hinting at buyer fatigue.
Higher volume on red candles would validate a bearish shift.
AUDCHF: More Growth Ahead 🇦🇺🇨🇭
AUDCHF strongly reacted to a rising trend line on a daily.
The price formed an ascending triangle pattern on a 4H time frame
and is now breaking its horizontal neckline.
I expect a bullish continuation to 0.540 / 0.543 levels.
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Silver next move Weak Demand Zone Bounce
The current price action shows only a minor bounce from the demand zone.
A lack of strong bullish candles or volume confirmation may indicate weak buying interest.
2. Lower High Structure
The chart appears to be forming lower highs, suggesting a possible downtrend continuation.
If price fails to break the recent swing high near 32.70, bears might gain control.
3. Volume Concern
Recent bullish candles have decreasing volume, while the latest red candle has higher volume—this could signal a bearish divergence.
4. Bearish Trap Possibility
The current consolidation above support might turn into a distribution zone, leading to a fake breakout downward.
Gold next move The price is currently at a prior resistance level (~3,229) which may act as a supply zone. The market has already failed to break above this level multiple times in the past, indicating strong selling pressure.
2. Volume Divergence
If we analyze the volume at the most recent peaks, there's a possibility of lower buying volume despite higher prices—this could signal weakening bullish momentum.
3. False Breakout Risk
The chart suggests a possible pullback to the red demand zone before continuation. However, if the price fakes out into the zone and fails to hold above ~3,210, this could trigger a deeper selloff.
4. Double Top Formation Risk
There appears to be a potential double top pattern around 3,250–3,260, which may signal a bearish reversal if neckline support (~3,210) is broken.
5. Macroeconomic Influence
Unless supported by strong fundamentals (e.g., dovish Fed signals, rising inflation), any bullish breakout might lack fuel to sustain a rally beyond resistance.
Disruptive Bearish Scenario:
Price breaks below the red demand zone (~3,210).
Retests it as resistance.
Targets the next major support zone near 3,175–3,180.
EURUSD: Support & Resistance Analysis For This Week 🇪🇺🇺🇸
Here is my latest support and resistance analysis for EURUSD.
Resistance 1: 1.1250 - 1.1295 area
Resistance 2: 1.1368 - 1.1381 area
Resistance 3: 1.1420 - 1.1427 area
Resistance 4: 1.1510 - 1.1574 area
Support 1: 1.1051 - 1.1093 area
Support 2: 1.1085 - 1.1089 area
Support 3: 1.1073 - 1.1078 area
Consider these zones for pullback/breakout trading.
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“Can You Snatch Profits from USD/CHF’s Wild Swings?”🔥 Swissy Snatch Strategy: USD/CHF Stealth Trade Plan 🔥
👋 Greetings, Profit Pirates & Chart Ninjas! 🕵️♂️💸
Welcome to the Swissy Snatch Strategy—a cunning, calculated raid on the USD/CHF market. This plan fuses razor-sharp technicals with real-time fundamentals to snatch profits from Swissy’s wild swings.
Let’s move like shadows, strike fast, and vanish with the gains! 🌑📈
📜 The Swissy Snatch Blueprint
Entry Triggers 🔑:
🔼 Bullish Ambush: Enter long on a breakout above ~0.86500 (key resistance/EMA level), signaling a potential rally.
🔼 Pullback Ambush: Buy at ~0.85800 (Institutional Trap zone for a dip-buy).
💡 Pro Tip: Set price alerts at these levels to trade without staring at charts! 🔔
Stop Loss (SL) 🛡️:
🟢 Bullish Trade: Place SL below the recent 4H swing low (~0.85300 for breakout trades) to cushion against wicks.
📉 Stay Flexible: Adjust SL based on risk tolerance, lot size, and volatility (ATR ~60 pips daily). This is your safety net!
Take Profit (TP) 💰:
🚀 Bullish Raiders: Target ~0.86900 (Fibonacci 61.8% retracement from 0.9000–0.8200) or exit on fading volume.
🚪 Escape Tactic: Watch RSI for overbought (>70) signals to dodge reversals. Consider partial profits at ~0.86000 (1:1 risk-reward).
🌐 Why Trade USD/CHF Now?
USD/CHF is a volatility goldmine, driven by:
💵 USD Strength: Hawkish Fed signals (e.g., Powell’s May 2025 comments on sustained 4% rates) and robust Q1 2025 GDP (2.8% annualized) fuel USD bullishness, pushing USD/CHF higher.
🇨🇭 CHF Weakness: Swiss National Bank (SNB) holds rates steady at 1.25% (Q4 2024 decision), with low safe-haven demand for CHF due to easing geopolitical tensions (e.g., US-China trade talk progress).
📈 Yield Differentials: US 10-year Treasury yields at 4.2% (May 19, 2025) attract capital to USD, supporting USD/CHF uptrends.
📊 Technical Edge: RSI (14-day) at 52 signals neutral momentum with room for a bullish push. Fibonacci retracement levels highlight resistance at 0.86900 and support at 0.85500.
🎢 Volatility: USD/CHF’s daily ranges of 0.8–1.2% (80–120 pips) offer quick profit potential for agile traders.
Current price (May 19, 2025): ~0.8620, testing resistance at 0.86500.
📊 Real-Time Sentiment Snapshot (May 19, 2025)
Retail Traders:
📈 Bullish: 40% 🌟 (Betting on USD strength).
📉 Bearish: 45% ⚡ (Cautious on CHF safe-haven spikes).
⚖️ Neutral: 15% 🧭 (Awaiting US data clarity).
Institutional Traders:
🏦 Bullish: 60% 🏦 (Favoring USD on yield spreads).
📉 Bearish: 30% 📉 (Hedging for CHF strength).
⚖️ Neutral: 10% ⚖️ (Monitoring Fed/SNB cues).
⚠️ Key Risks:
US CPI: A hotter-than-expected print could spike USD/CHF to 0.8700. A miss may test 0.85500.
SNB: Dovish SNB comments could weaken CHF further, boosting your bullish setup.
Geopolitics: Sudden US-China trade escalations may strengthen CHF, invalidating longs.
Technical Validation (May 19, 2025)
Price Action: USD/CHF at ~0.8620, eyeing resistance at 0.86500–0.8700, with support at 0.85500–0.85800 (4H chart).
EMA: 50-EMA (~0.8600) acts as dynamic support. A breakout above 0.86500 confirms bullish momentum.
Fibonacci: From March 2025 high (0.9000) to April low (0.8200), 61.8% retracement (~0.8680) matches your TP of 0.86900.
RSI (14-day): At 52, room for upside if US data supports USD.
Volume: Rising on recent upticks, supporting breakout potential.
ATR (14-day): 60 pips, guiding SL (50–60 pips) and TP (~100–120 pips).
Strategy Enhancements
To make the Swissy Snatch even deadlier:
Refined Entries: Confirm 0.86500 breakout with volume spike or 0.85800 pullback with RSI >40.
Timeframe Clarity: Use 1H or 4H for entries, 4H for swing lows (SL).
Bearish Contingency: Short below 0.85500 (support break) if CPI disappoints, targeting 0.85000.
ATR Scaling: Adjust SL/TP to ATR (e.g., SL at 1x ATR, TP at 2x ATR) for volatility-adapted trades.
Chart Visuals: For TradingView, annotate EMA, Fib levels, and RSI to boost engagement.
Join the Swissy Snatch Squad!
👉 Smash that Boost button to make this strategy a TradingView legend! 🚀
Every like and share fuels more high-octane trade plans.
Let’s conquer USD/CHF together! 🤜🤛
Keep charts locked, alerts primed, and trading spirit electric.
See you in the profit zone, ninjas! 🏴☠️📈
EURUSD Near Top Of Channel — Correction Imminent!!!EURUSD ( FX:EURUSD ) is trading in the Resistance zone($1.1310-$1.1162) , near the upper line of the descending channel and the Monthly Pivot Point .
In terms of Elliott wave theory , it seems that EURUSD has completed five main impulse waves , and with the break of the Uptrend lines , we should expect corrective waves . Most likely, EURUSD is completing microwave 4 , and we should expect the next decline and the formation of microwave 5 .
I expect EURUSD to fall to at least $1.1073 , and the next targets are marked on the chart.
Note: If EURUSD touches $1.1330 , we should expect further gains.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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U.S. Dollar Index Set for Bearish Continuation The U.S. Dollar Index (DXY) has completed a five-wave impulse decline (labeled (1) through (5)) from the top of the descending channel. This downward move suggests a completed impulsive bearish leg. Following that, we’ve seen a complex corrective structure – a WXY double zigzag correction – now complete.
Price action shows a rejection from the upper trendline resistance near wave (2), confirming the bearish structure remains intact. The bounce into the corrective high (wave (2)) failed to break above key resistance, and we are now potentially entering a new impulsive move down labeled as wave (3) of the next larger degree impulse.
Primary Impulse Decline: Wave (1) to (5): Classic 5-wave move down ending late April.
Corrective Phase: Complex WXY correction (with subwaves A-B-C in both W and Y).
Current Wave in Play: Wave (3) of a larger impulsive sequence is initiating.
T1: 99.172
T2: 98.013
SL: 101.259
If price closes above 101.265 the current bearish impulse scenario would be invalidated.
EURUSD 1st 4H Death Cross after 7 months. Is it enough to short?The EURUSD pair just formed its first Death Cross on the 4H time-frame since October 04 2024. The last such formation signaled the bearish extension of the trend by breaking below its Higher Lows trend-line.
That was a similar Higher Lows trend-line the price rebounded on on May 12, exactly on the 1D MA50 (red trend-line). With the 1D RSI on levels similar with that previous Death Cross, we will wait for confirmation before shorting again and the price to break is the Higher Low/ 1D MA50 Cluster.
If broken, our Target will be just above the 0.618 Fibonacci from the bottom at 1.07350.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USD/JPY Breakdown: Sell the Rallies, Ride the TrendUSD/JPY has decisively shifted bearish across all key timeframes. On the daily chart, the pair broke below the 50-, 100-, and 200-day EMAs with consistent lower highs and lows. The hourly chart confirms this trend, with bearish EMA stacking and failed attempts to reclaim the 200-hour EMA. RSI remains under 50 across timeframes, signaling persistent bearish momentum without exhaustion.
The 15-minute chart highlights ideal short-entry setups on pullbacks to the 20- or 50-EMA, especially when RSI fails to breach 50. The 200-EMA on this timeframe acts as dynamic resistance near 145.30. Short entries are favorable on rallies to the 145.10–145.35 zone, with downside targets at 144.80, 144.50, and potentially 144.20.
For the week ahead, the strategy is clear: fade rallies into EMA resistance and use RSI confirmation for timing. Avoid chasing lows—wait for price to come to you. Tight stops just above the EMAs minimize risk, and partial profit-taking at swing lows allows for trend-riding flexibility.
As long as USD/JPY remains below the 200-hour EMA, bearish momentum dominates. Trade with the trend, manage risk with precision, and stay alert for breakdowns below key support levels.
GBPJPY Signal : 1H / 4H Beautiful buy !!!Hello Traders! 👋
What are your thoughts on GBPJPY ?
Symbol : GBPJPY H1
Market price : 193.20
BUY limit : 192.40 - 192.00
Tp1 :193.40
Tp2 : 194.60
Tp3 : 196.40
Tp4 : 199.60
Sl : 190.80
Don’t forget to like and share your thoughts in the comments! ❤️
Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which aligns with the 38.2% Fibonacci retracement and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.4085
1st Support: 1.3766
1st Resistance: 1.4262
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 pullback support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is also a pullback resistance.
Pivot: 0.8304
1st Support: 0.8084
1st Resistance: 0.8501
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 Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.3434
1st Support: 1.3100
1st Resistance: 1.3767
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 drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.1281
1st Support: 1.1051
1st Resistance: 1.1424
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?US Dollar Index (DXY) is falling towards the pivot and could bouce to the 1st resistance.
Pivot: 100.17
1st Support: 97.91
1st Resistance: 101.93
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 for the Aussie?The price has bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.6386
Why we like it:
There is a pullback support level.
Stop loss: 0.6356
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci extension.
Take profit: 0.6436
Why we like it:
There is a pullback resistance level that is slightly above the 38.2% Fibonacci retracement.
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