Potential bullish bounce?GBP/JPY is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 190.67
1st Support: 189.08
1st Resistance: 192.28
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.
Forexsignals
Gold confirm analysis read the caption Spot Gold remains lifeless below the $2,650 level on a quiet Thursday as investors gear up for an extended weekend. The batch of United States (US) macroeconomic data released on Wednesday anticipated the ongoing quietness, as all American markets are closed amid the Thanksgiving Holiday.
On a positive note, the bright metal finds support in mounting expectations that the Federal Reserve (Fed) will deliver another 25 basis points (bps) interest rate cut when it meets in mid-December. At the time, according to the CME FedWatch Toll, the odds are roughly 70%
Could the Kiwi reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as an overlap support.
Pivot: 0.5937
1st Support: 0.5878
1st Resistance: 0.5974
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.
Falling towards overlap support?The Loonie (USD/CAD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 1.3951
1st Support: 1.3847
1st Resistance: 1.4036
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?The Swissie (USD/CHF) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 0.8765
1st Support: 0.8709
1st Resistance: 0.8828
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.
Overlap resistance ahead?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 1.0604
1st Support: 1.0452
1st Resistance: 1.0705
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/USD Analysis 1HThe price has broken above the resistance zone in gray and is now forming a triangle pattern.
✅ My idea:
If the price continues to rise, the first target is the red resistance zone, followed by the second resistance in the green zone.
Using the measurement from the bottom of the triangle to its top, the green zone aligns with the projected target.
🚨 Plan:
Wait for confirmation before entering to avoid false moves. Manage your risk with appropriate stop-loss levels.
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Xauusd buy confirm signal Gold (XAU/USD) reverses an intraday dip to the $2,620 area and trades near $2,650 on Thursday, albeit it lacks bullish conviction. Investors remain concerned that US President-elect Donald Trump's tariff plans will impact the global economic outlook.
Gold now buy 2646
Support 2660
Support 2668
Bullish bounce off overlap support?USD/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.3945
Why we like it:
There is an overlap support level.
Stop loss: 1.3852
Why we like it:
There is a pullback support level that lines up with the 127.2% Fibonacci extension.
Take profit: 1.40944
Why we like it:
There is a pullback 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 bullish bounce?EUR/USD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.0519
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 1.0453
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.0657
Why we like it:
There is a pullback resistance level that is slightly above 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.
EUR/USD: Strong U.S. Data Signals Possible Reversal AheadAs per my market review, I predict that the uptrend of the EUR/USD currency pair is about to be broken (a significant reversal) and so it is likely to decline, especially due to strong U.S. fundamentals. The weekly sweep shows that the price is in a consolidation phase; however, the market has not been able to overcome the resistance zone despite various attempts. Right now, the pair is approaching the low of the previous week, as well as closing a weekly candlestick at the bottom, which increases the risks of further downward movement. The levels of support stand at 1.0949 and 1.0900, with resistances located at 1.1000, 1.1010, and 1.1050. There now remains the question of whether or not the price will close below the 1.0949 support level and if that happens, a deeper move is expected to follow. One extreme scenario is that it is possible to expect a pullback to 1.100 before the bears resume the trend.
NZDUSD Potential Up correction from crossing of supportsNZDUSD recently showed a false breakout below its previous support and has reached a demand zone on the daily timeframe, suggesting a potential pullback. On the 4H chart, bullish divergence at the support level supports the likelihood of a retracement. The price may move higher to retest the resistance zone around 0.5880, which has been tested multiple times. This setup indicates a potential for a short-term recovery
GBPJPY potential drop from the resistance levels crossingThe CHF/JPY pair is retracing towards the 172.500 resistance level following a notable decline. If the price fails to surpass this resistance and the accompanying descending trendline, which serves as a swap zone, it may indicate a continuation of the bearish trend. The repeated testing of this level underscores its significance as a resistance area. A clear bearish signal, such as a prominent long-tailed bar, could suggest a liquidity grab above this zone, indicating increased selling pressure and a potential opportunity to enter short positions. The target for such a move would be the support zone near 170.300
Gold Price Analysis November 28Gold is trading near the resistance zone of 2650, this zone becomes the key zone for today's trading day. If before the US session, gold cannot break this zone, the gold trend will continue to fall to important support zones. Pay attention to the support zones of 2638, 2621-2613, 2605 to have the best trading strategies when the price falls to that zone. In the opposite direction, the 2650 zone is broken, gold will return to the uptrend. If gold closes the daily candle above 2658, it is determined that gold is ready to return to the uptrend and head to 2700 soon. Wish you successful trading.
The US has begun to enter a cycle of lowering interest rates.Currently, the world is witnessing the monetary tightening cycle coming to an end. Many countries, including the US, have begun to enter a cycle of lowering interest rates.
Minutes of the US Federal Reserve (Fed) published on the night of November 26 (Vietnam time) mentioned that the US needs to gradually lower interest rates. However, it also recorded signs of Fed Chairman Jerome Powell losing control, with board members uncertain about what the long-term interest rate target will be.
Market signals show that there is a nearly 60% chance that the Fed will reduce interest rates for the third consecutive time at its meeting in December. In 2025, the Fed will also likely reduce a few more times.
The USD will be under downward pressure even though the US economy is expected to improve after Mr. Trump takes office. Gold prices will likely continue to be supported and maintain an uptrend lasting from the end of 2023 until now.
Most experts forecast that gold is still in an uptrend. However, this commodity is likely to continue to fluctuate strongly as the world becomes increasingly complex. Mr. Trump's policies and policy statements may continue to impact markets, causing commodity prices to fluctuate sharply.
CHFJPY expected to bottom soon. Unique long-term buy opportunityThe CHFJPY pair has been trading within a long-term Channel Up pattern for more than 2 years (since the September 22 2022 High). More recently on September 16 2024, the price bottomed on its Higher Lows trend-line and the subsequent rebound to the 0.786 Fibonacci retracement level, initiated a new pull-back that broke yesterday below its 1D MA200 (orange trend-line).
This is identical to the Channel's previous bottom formation in January 2023. The rebound that followed also got rejected near the 0.786 Fib and retraced all the way to the 0.236. Then it started a relentless Bullish Leg all the way to the 2.0 Fib extension. Even the 1W RSI sequences between the two fractals are identical and we are at the point where the RSI is about to break below its MA and give the buy signal.
As a result, we turn bullish on the CHFJPY pair, targeting 188.000 (near the top of the Channel Up).
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Potential bullish bounce for the Kiwi?The price is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.5862
1st Support: 0.5816
1st Resistance: 0.5937
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 bounce off pullback support?The Loonie (USD/CAD) is currently reacting off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 1.4012
1st Support: 1.3951
1st Resistance: 1.4093
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.
ould the price reverse from here?USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support that lines up with the 138.2% Fibonacci extension.
Pivot: 152.29
1st Support: 150.61
1st Resistance: 153.27
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.
Market Analysis for NAS100USD: Bullish Outlook
Technical Perspective
1. Trendline Support:
• The chart shows NAS100USD bouncing off a key ascending trendline support (marked in red). This signifies strong buying interest at this level, maintaining the uptrend structure.
• The bounce coincides with a horizontal support zone near 20,725, adding further strength to this level.
2. Stochastic Indicators:
• The Stochastic Divergence and other oscillators appear to be recovering from oversold levels, suggesting that selling pressure is waning and a bullish reversal could be forming.
• These indicators align with potential upward momentum if buyers step in at this critical juncture.
3. Chart Patterns:
• A higher low structure remains intact, supporting continued bullish sentiment.
• If the price moves above 20,800, it may break through to test the next resistance near 21,000-21,200, the previous high.
Macro and Fundamental Factors
1. Earnings and Economic Data:
• As per the Forex Factory Calendar and other resources:
• Any positive economic data today (e.g., GDP revisions or labor market data) could boost tech-heavy indices like NAS100USD.
• Investors are likely positioning ahead of potential positive earnings surprises or data releases.
2. Sector Strength:
• Tech companies, heavily represented in NAS100, benefit from stabilizing Treasury yields or dovish Fed sentiment.
• If bond yields remain steady or decline, growth stocks within NAS100USD could see inflows.
3. Risk Sentiment:
• Broader market sentiment today is tilting toward risk-on behavior, as evidenced by positive global equities.
• A continued reduction in geopolitical tensions or other market risks could further favor upward movement.
Key Levels to Watch
• Immediate Resistance: 20,800-21,000. A break above this zone could see a quick move toward 21,200.
• Key Support: 20,700. If this level holds, it strengthens the case for a bullish continuation.
• Target Zone: 21,200+ if resistance is broken.
Conclusion:
With the trendline support intact, oversold indicators turning upward, and a potential risk-on macro environment, NAS100USD is poised for a rebound. As long as the 20,700-20,725 zone holds, we expect a move upward toward 21,000-21,200 in the near term. This bullish outlook is contingent on no major surprises from economic data releases or unexpected market shocks.
Market Analysis: Gold (XAU/USD)
1. Technical Analysis
• Trendline Vulnerability:
• The red trendline in the chart provided suggests higher lows, but a failure to sustain above the current levels near $2,635 could lead to a breakdown.
• If the trendline support is breached, it may accelerate selling pressure, pushing gold toward $2,610 or lower.
• Resistance at $2,710:
• Gold recently tested the $2,710 resistance and failed to break above it. This rejection indicates a strong barrier that could trigger further downside if buyers lose momentum.
• Indicators Turning Bearish:
• Oscillators like the Stochastic may be overextended or approaching resistance. If these indicators turn bearish, it suggests weakening buying pressure and a potential downward move.
2. Fundamental Analysis
• Strong U.S. Dollar:
• A stronger U.S. Dollar Index (DXY) could put downward pressure on gold. If upcoming economic data (e.g., GDP revisions, labor market data) show U.S. economic strength, it could lead to USD appreciation, reducing gold’s appeal.
• Rising Treasury Yields:
• If U.S. Treasury yields rise, the opportunity cost of holding non-yielding assets like gold increases, making it less attractive to investors.
• Recent hawkish commentary or expectations of tighter monetary policy from the Federal Reserve could further support yields.
• Diminished Safe-Haven Demand:
• If geopolitical tensions or global risk factors ease, gold could lose its safe-haven appeal. This would drive a rotation away from gold and into riskier assets like equities.
3. Macro and Sentiment Drivers
• Positive Economic Data:
• Strong U.S. economic data, such as higher consumer confidence, robust labor market performance, or strong GDP growth, could bolster confidence in the U.S. economy. This would weigh on gold prices.
• Inflation Expectations Moderating:
• If inflation expectations cool down, gold’s role as an inflation hedge diminishes, reducing demand for the metal.
• Hawkish Federal Reserve Stance:
• Continued hawkishness or hints of further rate hikes from the Federal Reserve would strengthen the USD and weigh on gold.
Key Levels to Watch
• Support Levels:
• Immediate support at $2,635. A breakdown below this level could lead to a drop toward $2,610 and potentially $2,565.
• Resistance Levels:
• If gold struggles to breach $2,710, it strengthens the bearish case.
Conclusion
Gold (XAU/USD) is likely to drop if:
1. The U.S. dollar strengthens further due to positive economic data.
2. Treasury yields rise or inflation expectations cool, reducing gold’s appeal.
3. The key trendline support around $2,635 is breached.
Traders should monitor U.S. data releases, the DXY, and Treasury yields closely to confirm this bearish outlook. If the trendline breaks, the next key support levels to watch are $2,610 and $2,565.