Bearisdh drop off pullback resistance?AUD/JPY is reacting off the pivot which is a pullback resisstance and could drop to the 1st support level which acts as a pullback support.
Pivot: 98.24
1st Support: 96.57
1st Resistance: 99.38
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.
Aud
Bearish reversal?AUD/NZD is rising towards the pivot which is a pullback resistance and could dropto the 1st support.
Pivot: 1.10894
1st Support: 1.10338
1st Resistance: 1.11515
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.
Mastering AUDUSD: Key Trading Zones Revealed for Optimal EntriesGreetings, traders! Welcome to this AUDUSDmarket analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
If you like the breakdown, boost the idea and follow to receive more ideas.
Trade safely
Trader Leo
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90500 support and resistance area.
Trade safe, Joe.
AUDUSD - Very bearish for the Aussie Dollar!Very bearish for the AUDUSD. The Aussie dollar is coming under pressure.
Breakout from the aqua colored symmetrical triangle to the downside. Note the AUDUSD was already on a secular long term down trend (under the red downtrend line).
Potential price target of red arrow at 55 cents, or worse still the 48 cent target of the early 2000s (green arrow).
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 97.63
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 98.68
Why we like it:
There is a pullback resistance level that line sup with the 50% Fibonacci retracement.
Take profit: 95.63
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.
AUDUSD - Top-down Analysis ReviewThis is an AUDUSD top-down analysis using ICT concepts along with some of my own considerations. I demonstrate how I work my way down all the way from the 12-month timeframe to the daily timeframes. Everything is relevant, especially the bodies of the candles.
Read the chart this way and have insights you would otherwise never have.
- R2F
Heading into overlap resistance?AUD/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 98.85
1st Support: 97.02
1st Resistance: 99.88
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?AUD/CHF is reacting off the pivot and could potentially drop to the 61.8% Fibonacci support.
Pivot: 0.57044
1st Support: 0.56415
1st Resistance: 0.57542
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?AUD/NZD has reacted off the pivot which is an overlap support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 1.09963
1st Support: 1.09630
1st Resistance: 1.10894
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 breakout?AUD/JPY has broken out of the resistance level which is an overlap resistance and could potentially rise from this level to our take profit.
Entry: 98.06
Why we like it:
There is an overlap resistance level.
Stop loss: 97.03
Why we like it:
There is an overlap support level.
Take profit: 99.45
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% 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.
Could the price reverse from here?AUD/NZD is rising towards the pivot and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.10909
1st Support: 1.09905
1st Resistance: 1.11517
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.
GBPAUD - Employment in Australia is at good levels!The GBPAUD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of failure of this channel, we can see the demand zone and buy within that zone with appropriate risk reward. Continuing to move in the channel will pave the way for this currency pair to rise to the supply zone. Within the supply zone can look for GBPAUD sell positions.
1. Renewable Energy in the UK:
British ministers are preparing for the largest renewable energy subsidy auction in the country’s history to achieve the challenging goal of generating clean electricity by 2030. Ed Miliband, the Energy Secretary, is set to launch the “2030 Clean Electricity Action Plan” today, aiming to decarbonize the power system by the end of the decade. A recent auction secured funding for 131 clean energy projects, guaranteeing 9.6 gigawatts of energy capacity, enough to power 11 million homes. Government officials plan to hold the largest auction to date by 2025 to meet the 2030 target of at least 95% low-carbon electricity.
2. Trump’s Proposed Tariffs:
According to a Reuters survey, most economists believe that Trump’s proposed tariffs would have minimal impact on the UK economy. The survey revealed that the Bank of England is likely to cut interest rates by 100 basis points by 2025, with reductions probably occurring quarterly at 25 basis points each. Additionally, all 71 economists surveyed predicted that the central bank would hold the interest rate steady at 4.75% during its December 19 meeting.
3. Challenges in AI Oversight:
The UK is facing challenges in its efforts to expand global oversight of artificial intelligence. The country aims to strengthen its “Artificial Intelligence Safety Institute” (AISI) and solidify its position as a leading institution in researching AI risks. However, plans to open a new office in San Francisco have been delayed due to elections in the US and the UK, as well as hiring challenges.
4. London’s IPO Market Decline:
The London Stock Exchange, once a leading and prestigious center for initial public offerings (IPOs), has now fallen to 20th place among global markets, recording none of the top 100 IPOs in 2024. Markets like Oman, Malaysia, and Luxembourg have outperformed London in attracting IPO capital. The outflow of companies from the London Stock Exchange has also risen, exacerbated by 41 consecutive months of capital outflow from UK equity funds, increasing pressure on market brokers to merge or sell.
5. Australia’s Unemployment Rate:
Australia’s unemployment rate in November dropped to its lowest level in eight months, while employment continued its strong growth trend. This surprising strength led markets to reassess the likelihood of a rate cut in February, following the Reserve Bank of Australia’s unexpected dovish shift that hinted at potential monetary easing. Data from the Australian Bureau of Statistics showed that the unemployment rate fell from 4.1% in October to 3.9% in November, the lowest since March. Analysts had expected unemployment to rise to 4.2%. The participation rate declined from 67.1% to 67.0%. Net employment in November increased by 35,600 compared to a revised figure of 12,200 in October, exceeding market expectations of a 25,000-job gain, driven largely by full-time employment growth.
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91000 support and resistance area.
Trade safe, Joe.
Bearish drop?AUD/CAD has reacted off the pivot which is an overlap resistance and could drop to the 1st support that is a pullback support.
Pivot: 0.90737
1st Support: 0.90129
1st Resistance: 0.91297
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?AUD/CHF is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 0.57044
1st Support: 0.56426
1st Resistance: 0.57549
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.
Why we don't trust this bounce on AUD/JPYMy short AUD/JPY bias sprang into action quicker than I expected two weeks ago. While support has since been found, it looks like it wants to retrace against that initial drop. Yet I have my eyes on the bigger (and more bearish) prize, and when comparing this cross to other yen pairs, I suspect another leg lower could be due when the current bounce fizzles out as anticipated.
MS
Bearish drop?GBP/AUD has reacted off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 1.9948
1st Support: 1.9767
1st Resistance: 2.0104
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?AUD/JPY has reacted off the pivot and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 96.89
1st Support: 95.68
1st Resistance: 98.01
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.