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Bullish bounce off pullback support?AUD/CHF is falling towards the pivot, which is a pullback support and could bounce to the 1st resistance. Pivot: 0.52113 1st Support: 0.51691 1st Resistance: 0.53019 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.
Long
by ICmarkets
EURUSD: Buy or Sell?Dear friends! On our 1D chart, after careful observation, we can see that a wedge pattern is forming. After EURUSD breaks out of the previous trend and completes the correction phase, a new downtrend is likely to be established. Adam's target is to break above the 1.16000 support level and head towards the lower support level of 1.140000, which is where the pine attracts a large amount of buyers. And you, do you think the price will go up or down? What is the target for your thinking?
Short
by Adam_Scalping
5
EUR/USD Latest Update TodayHello everyone, what do you think about FX:EURUSD ? EUR/USD previously broke the downward price channel, but failed to maintain the momentum, leading to a strong correction phase. Currently, the price is trading around 1.156 and testing key Fibonacci levels, with the 0.5 - 0.618 levels marked as potential reversal zones, as highlighted in the analysis. With the current market sentiment, the strong recovery of the USD has been the main factor driving the EUR/USD movement in recent days. Positive economic data from the US has strengthened the US dollar, decreasing the appeal of gold and safe-haven assets like the EUR. Furthermore, expectations surrounding Fed policy decisions continue to add pressure on EUR/USD, with investors bracing for the possibility of the Fed maintaining high interest rates for a longer period. For traders, it's clear that the bearish trend is in favor, as indicated by the EMA reversal. The Fibonacci levels 0.5 (1.164) and 0.618 (1.161) will be crucial zones, where reaction signals could open opportunities for SELL positions. The next target will be at Fib 1 and Fib 1.618. That's my perspective and share, but what do you think about the current trend of EUR/USD? Leave your comments below this post!
Short
by Kevinn_Nguyen
EURUSD market structure analysis on M15, H1 timeframesH1 Timeframe – Main Trend: BULLISH 🟢 Current Situation: The H1 structure is showing a clear sequence of Higher Highs (HH) and Higher Lows (HL) ⇒ indicating an uptrend. The market is currently in a retracement phase following the last bullish impulse. Price is approaching a demand zone from a previous structure, where buy orders may be stacked. 📉 M15 Timeframe – Main Trend: BEARISH (within H1 pullback) 🔍 Current Observations: While H1 is in a retracement, M15 shows a clear bearish market structure (Lower Lows – Lower Highs). However: Price has tapped into the H1 demand zone. A liquidity grab (sweep of highs/lows) just occurred on M15. This was followed by a Break of Structure (BOS) to the upside ⇒ signaling potential absorption of sell-side liquidity and a reversal in alignment with the higher timeframe (H1).
by quangcttn
Bullish reversal?NZD/CAD is falling towards the pivot an could bounce to the 1st resistance. Pivot: 0.81263 1st Support: 0.80909 1st Resistance: 0.82164 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.
Long
by ICmarkets
Bullish bounce?NZD/CHF is reacting off the pivot, which is a pullback support and could rise to the 1st resistance. Pivot: 0.47867 1st Support: 0.47391 1st Resistance: 0.48695 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.
Long
by ICmarkets