Bearish drop?USD/JPY has rejected off the pivot which is an overlap resistance and could drop to the 1st support.
Pivot: 143.94
1st Support: 142.68
1st Resistance: 144.52
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.
USD
Falling towards major support?USD/CHF is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.8048
1st Support: 0.7994
1st Resistance: 0.8156
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?The Cable (GBP/ISD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.3580
1st Support: 1.3540
1st Resistance: 1.3662
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the Gold reverse from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 3,390.28
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Stop loss: 3,426.28
Why we like it:
There is a pullback resistance level that lines up with the 100% Fibonacci projection.
Take profit: 3,343.57
Why we like it:
There is an overlap support 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.
Potential bearish drop?USD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to ur take profit.
Entry: 144.11
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 145.07
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 142.00
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci projection.
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.
Falling towards pullback support?USD/CHF is falling toward the support level, which is a pullback support aligning with the 100% Fibonacci projection. A bounce from this level could indicate a double bottom pattern, potentially leading to a price rise toward our take profit target.
Entry: 0.8046
Why we like it:
There is a pullback support level that aligns with the 100% Fibonacci projection.
Stop loss: 0.7996
Why we like it:
There is a support level at the 78.6% Fibonacci projection.
Take profit: 0.8161
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.
USDJPY: Bottom formation successful. Strong buy.USDJPY is neutral on its 1D technical outlook (RSI = 46.191, MACD = -0.020, ADX = 12.744) as it is consolidating around the 1D MA50. This is the bottom formation process straight after rebounding on the S1 Zone. The wider pattern is a Descending Triangle and the bottom formation suggests that the new bullish wave is about to be initiated. Go long and target the 0.618 Fibonacci level (TP = 153.500).
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Dollar - WE HIT OUR FIRST TARGET TODAY!!!Amazing work on the dollar for about a month of analysis and finally hitting our target. Its taken its sweet time to drift lower but we have the bigger move today which clipped our target.
Follow for more updates on dollar and what im looking to trade.
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Go back and look at tall the 2 min clips for the last month. We have been in sync all this time
DXY H4 – Dollar Weakens Ahead of PPI Release DXY H4 – Dollar Weakens Ahead of PPI Release | Is the Market Pricing in a Fed Pivot?
🌐 Macro & Fundamental Context
As we head into the New York session on June 12, the market’s attention shifts to one critical data point: the US PPI (Producer Price Index). Following the softer-than-expected CPI reading of 2.4% YoY (vs. 2.5% forecast), the Dollar Index (DXY) dropped sharply—signaling fading inflation pressure and reigniting rate cut expectations.
✅ Bearish Fundamentals Building for the USD:
CPI miss fuels Fed rate cut bets (currently ~65% chance for September per FedWatch Tool).
US Treasury yields are easing, reflecting the market’s pricing of a less aggressive Fed.
Risk assets rallying as capital flows rotate away from USD into gold, equities, and long-duration bonds.
If today’s PPI also comes in below forecast, it could confirm a deeper correction in DXY. Conversely, a surprise PPI upside might trigger a short-term pullback.
📉 Technical Analysis – H4 Timeframe
🔹 Overall Trend:
DXY is locked within a clearly defined descending channel, with a consistent Lower High – Lower Low structure holding since late May.
🔹 Key Technical Zones:
Short-term resistance: 98.548 – likely to act as a ceiling unless PPI surprises to the upside.
Immediate support: 97.966 – a break below opens the door toward the key support zone at 97.191, which aligns with previous FVG imbalance and multi-timeframe demand.
🔹 EMA Structure:
Price remains below all major EMAs (13 – 34 – 89 – 200), confirming persistent bearish pressure.
EMA13 is currently acting as dynamic resistance on H4, pressing down on price.
🧠 Market Sentiment & Flow Insight
Investors are rotating out of USD as inflation fears fade and Fed easing expectations increase.
Risk-on sentiment is returning, benefiting gold and stocks while weighing on DXY.
However, a hot PPI print could spook the market briefly, leading to a corrective bounce in the Dollar before the trend resumes.
🔍 Scenarios to Watch:
PPI comes in lower than expected:
DXY may retest 98.548 resistance and reject lower.
Next targets: 97.966 → 97.191
PPI surprises to the upside:
Technical bounce toward 98.5–98.8 possible.
But trend remains bearish unless price reclaims 99.2+ zone.
✅ Conclusion
DXY remains under pressure from both macro and technical angles. The PPI report will be the next catalyst that determines whether this is a short-term dip or the continuation of a broader USD downtrend.
🎯 Tactical view: Favour short positions on DXY if price bounces into resistance and PPI supports the disinflation narrative. Target: 97.1 and below.
XAG/USD - Channel Breakout (11.06.2025) The XAG/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a CHannel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 3587
2nd Support – 3555
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EURUSD - Getting Over-Bought?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURUSD has been overall bullish trading within the rising channels marked in red and blue. However, it is currently retesting the upper bound of the channels.
Moreover, the orange zone is a major daily high.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue/red trendlines and daily high.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
DX - USD Index Longterm Outlook Indicates Further DeclineThis long-term chart shows how the USD Index is trading within the boundaries of the Median Line set.
We see the lower extreme, solid support around the Center Line, and the upper extreme acting as resistance.
What’s next?
Well—if it’s not heading higher, it’s likely heading lower—and the rejection at the Upper Median Line (U-MLH) supports that view.
If we revisit the Center Line, my experience tells me it won’t hold—we’ll break through and head even lower.
Buckle up. It’s going to be a rough ride.
EURUSD SHORT FORECAST Q2 W24 D12 Y25EURUSD SHORT FORECAST Q2 W24 D12 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block
✅15' order block
✅4 hour order block
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EUR/USD tests three-year ceiling Aside from a brief spike in April, EUR/USD has remained below 1.1500 for over three years.
Sellers again have had to defend the zone following the weaker-than-expected US CPI release. The main resistance zone potentially spans all the way up to 1.1573 (the April high).
Some indicators suggest potential room for further upside. The Relative Strength Index (RSI) has not yet reached overbought territory, and the Daily Moving Average is positively sloped. A break below the 4-hour Moving Average could trigger more selling pressure and a potential correction.
Bullish bounce for the Gold?The price is reacting off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 3,320.80
Why we like it:
There is a pullback support level.
Stop loss: 3,320.80
Why we like it:
There is a pullback support leve.
Take profit: 3,364.06
Why we like it:
There is an overlap resistance level that aligns with 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 drop?USD/JPY has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 144.74
Why we like it:
There is a pullback resistance level.
Stop loss: 145.46
Why we like it:
There is a pullback resistance level.
Take profit: 143.94
Why we like it:
There is an overlap support level that lines up with the 50% 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.
Bearish drop?USD/CAD has bounced off the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could potentially rise from this level to our take profit.
Entry: 1.645
Why we like it:
There is a pullback support level that lines up with the 138.2% Fibonacci extension.
Stop loss: 1.3624
Why we like it:
There is a support level at the 100% Fibonacci projection.
Take profit: 1.3689
Why we like it:
There is a pullback resistance level that aligns with the 50% 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 off overlap support?GBP/USD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3543
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci re4tracement.
Stop loss: 1.3493
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 1.3601
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.
Bullish momentum to extend?EUR/USD has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 1.1451
Why we like it:
There is a pullback support level.
Stop loss: 1.1386
Why we like it:
There is a pullback support level.
Take profit: 1.1558
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.
EURUSD: Perfect spot to short.EURUSD is bullish on its 1D technical outlook (RSI = 62.082, MACD = 0.004, ADX = 31.112) as it is trading inside a Channel Up since the May 12th low. The 4H RSI sequence suggests that based on the Channel's first bullish wave, the market is now on the 4th count, which was previously the top (as close to the 1.786 Fibonacci extension as possible). We turn bearish here, targeting the 0.786 Fib level at the bottom of the Channel Up (TP = 1.13550).
See how our prior idea has worked out:
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USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37100 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37100 support and resistance area.
Trade safe, Joe.