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GBPUSD to find buyers at previous support?GBPUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Intraday signals are mixed. Preferred trade is to buy on dips. Bespoke support is located at 1.2610. We look to Buy at 1.2610 (stop at 1.2565) Our profit targets will be 1.2745 and 1.2800 Resistance: 1.2700 / 1.2750 / 1.2800 Support: 1.2600 / 1.2550 / 1.2500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
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.
Long
by ICmarkets
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.
Long
by ICmarkets
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.
Short
by ICmarkets
AUDUSD-The first interest rate cut is postponed until next year?The AUDUSD currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a valid failure of the channel ceiling, we can see the supply zones and sell within those zones with the appropriate risk reward. The loss of the drawn support range will pave the way down for this currency pair. The Australian government’s plan to reform the central bank by splitting its board into two divisions is close to becoming law.Prime Minister Anthony Albanese’s administration is pushing through dozens of bills in the Senate during the final parliamentary session of the year to implement these major reforms. In this process, the government and the minority Green Party reached a last-minute agreement to revive stalled legislation. Previous negotiations had failed because the Greens demanded an immediate interest rate cut by Treasurer Jim Chalmers, which critics argued could undermine the central bank’s independence. Now, with sufficient political support, these long-awaited reforms are set to be enacted soon, potentially reshaping Australia’s monetary and economic policies. Australia’s four major banks—ANZ, Commonwealth Bank, National Australia Bank, and Westpac—have adjusted their forecasts for when the Reserve Bank of Australia (RBA) will make its first interest rate cut. Westpac and NAB now expect this to occur in May 2025, while CBA and ANZ continue to anticipate a February 2025 cut, albeit with caution. The next RBA meeting is scheduled for December 9–10, 2024. S&P Global Ratings, in its outlook for the global economy in Q1 2025, stated, “Risks are increasing as the new U.S. administration’s policies are likely to heighten inflationary pressures and tighten financial conditions.” The agency predicts global GDP growth of about 3% in 2025, with U.S. economic growth dropping below 2% and China moving toward 4% growth. According to Bloomberg, economists anticipate that China’s exports will hit a record high this year as international customers place orders early to avoid potential tariffs threatened by Trump. Meanwhile, Australia, known as a safe haven for heavy-duty pickup trucks, is set to experience its most significant automotive shift in years, with new models arriving, including the first off-road hybrid vehicle from China’s BYD. Australia, famous for its love of SUVs and petrol-fueled pickups, remains one of the laggards in adopting electric vehicles. According to the Australian Automobile Association, EV sales in Q3 dropped by 25% compared to Q2, accounting for just 6.6% of the market—the lowest share since 2022. However, the arrival of new hybrid models like the BYD Shark 6 could transform Australia’s automotive market and boost demand for electric and hybrid vehicles. Meanwhile, a spokesperson for China’s Ministry of Commerce reiterated the country’s opposition to unilateral U.S. tariffs. He urged the U.S. to adhere to World Trade Organization (WTO) rules and emphasized that imposing tariffs would not solve America’s economic challenges. China’s stance against unilateral tariff increases, including those threatened by Trump, remains consistent. On the other hand, the U.S. economy grew at a robust pace in Q3, primarily driven by a significant surge in consumer spending as inflation continued to ease. GDP rose at an annual rate of 2.8% during this period. Consumer spending, the primary engine of economic growth, increased by 3.5%, marking the highest rate this year. According to the GDPNow model, the real GDP growth rate (seasonally adjusted annual rate) for Q4 2024 was revised to 2.7% on November 27, up from 2.6% on November 19. Following the release of the U.S. Bureau of Economic Analysis’ Personal Income and Outlays report, real personal consumption expenditures growth for Q4 was revised upward from 2.8% to 3.0%.
Short
by Ali_PSND
Bullish rise?The Swissie (USD/CHF) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which has been identified as an overlap resistance. Pivot: 0.8801 1st Support: 0.8765 1st Resistance: 0.8886 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
Potential bullish bounce?The Cable (GBP/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance. Pivot: 1.2611 1st Support: 1.2485 1st Resistance: 1.2798 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
1
Heading into 50% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as 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.
Short
by ICmarkets
2
Gap is clearly going to be filled! 1 USD is soon 160 RUBWe saw this momentarily at the beginning of this atrocious and uncalled for invasion into Ukraine by russians in 2022 February. Right then russian central bank started to "fix" the situation, but You cannot keep putting makeup on a pig and call it priced cow! russian economy is collapsing due the soon 30% interest rate and in 2% unemployed workforce in a situation where You need couple of million qualified workers still. Not to mention all the GDP rise is coming from military companies and oil selling. That soon will end as the oil gets cheaper still when Trump comes to power in 2025! I think in mid 2025, we can see the russian economy crash in spetacular way. I think USD/RUB aorund $250 is not a work of fiction anymore.
Long
by viilutaja
1
Dollar Down and Crypto PumpsHoping for DXY to drop down to the lower range and allow liquidity to keep flowing into crypto so we can keep pumping. Also watching BTC.D closely, if this breaks down and makes a new lower low then we can say with a lot more probability that Altcoin Season or Alt season is truely upon us. Lets watch and wait! I am in a few positions, XRP/DOGE/VIRTUALS ready for the action. Not financial advice, lots of volatility and risk out there, watch out for the bulls too.
TVC:DXYLong
by NFVeej
XAUUSD - Gold will reach $2,700!?Gold is located between EMA200 and EMA50 in the 4H timeframe. In case of failure of the drawn trend line, we can witness the continuation of downward trend to demand zone, and in that zone, we can buy with appropriate risk reward. The continuation of the upward movement of gold and its reaching the supply zone will provide us with its next selling position. Gold price volatility remains high as the precious metal reacts to changes in geopolitical instability caused by the incoming administration of US President-elect Donald Trump. However, Nitesh Shah, head of commodity research and macroeconomics at WisdomTree, still predicts that gold's upward trend will continue in 2025. In a recent interview with Kitco News, Shah stated that he expects the US dollar to depreciate in 2025, which will benefit gold prices. He added that although Trump's policies can help strengthen the dollar at the beginning of the year, it will be difficult to maintain this trend; Because the government budget deficit will continue. "Most likely, debt will increase and that should put downward pressure on the dollar," he said. Meanwhile, Shah believes the Federal Reserve's interest rate-cutting policies could help lower bond yields, another factor driving gold prices higher. He said in his recent research note: "Now that we are back in the cycle of interest rate cuts, bond yields have fallen and investors are ready to buy gold again." Although Shah is optimistic about gold, in his opinion, the price of this precious metal will have limits to growth in the coming year. He predicts that gold prices will reach around $2,850 per ounce by the fourth quarter of 2024. "The current situation is still relatively positive for gold," Shah said. "Originally, I was projecting $3,000, but according to my updated modeling, to reach that goal, bond yields would need to fall significantly from current levels." On the other hand, the Bank of America (BofA) in its recent report has pointed out four key aspects of the future US government policies that can reduce the demand for gold in the short term. These factors include the increase in interest rates and the strengthening of the US dollar. However, these negative factors do not in any way affect Bank of America's positive long-term outlook for gold, with gold prices expected to reach $3,000 per ounce by the end of 2025. Deregulation: Deregulation policies in the energy and financial services sectors could increase interest rates, which would make gold less attractive. Fiscal policy: Broader and longer tax cuts could boost short-term economic growth and push interest rates higher, posing challenges for gold. Tariffs: The increase in tariffs on China and other major countries can lead to pressure on the currencies of emerging markets, and this may reduce gold purchases by central banks. Fed policy: If economic growth and tariffs push up inflation, the Fed may stop the rate-cutting cycle, which would reduce the appeal of gold as a safe haven. Impact on gold demand: In the short term, there is a possibility of reducing the desire of investors to buy gold due to the mentioned policies. Central banks in emerging countries may reduce gold purchases due to currency pressures from tariff risks. The long-term outlook remains positive: Structural demand from central banks and strategic investors underpins a positive long-term outlook for gold. The attractiveness of gold as a hedge against geopolitical risks, economic instabilities and possible inflationary pressures remains. Conclusion: Although near-term policies under the incoming US administration, including stronger economic growth, higher inflation and a stronger dollar, pose significant headwinds for gold, Bank of America maintains its forecast of $3,000 an ounce by the end of 2025. . This long-term optimism stems from structural and cyclical factors that support gold demand in a challenging policy environment.
FOREXCOM:XAUUSDLong
by Ali_PSND
AUDUSD - Short Trade IdeaThis is a short idea on AUDUSD. I'm anticipating lower prices towards a higher timeframe ascending trendline, after price took out buyside liquidity from a descending trendline and then displacing lower. The trendline in the image is one isolated to around these timeframes, and not the HTF narrative. Besides that, I'm basing it off a Daily iFVG and Daily -OB. First target is the most recent low that price made. Stoploss at immediate swing high, but completely possible for price to come up during a high impact news event to take out the buyside liquidity above. Either a sweep, or this idea is completely wrong. Good luck and safe trading. - R2F
Short
by Road_2_Funded
2
USD/JPY - H4 - Channel Breakout The USD/JPY pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel Breakout pattern. This suggests a shift in momentum towards the downside in the coming Days. USDJPY Key Points: Sell Entry: Consider entering a short position around the current price of 154.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 151.30 2nd Support – 149.82 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
28
USDCHF - The new Treasury Secretary will weaken the dollar?!The USDCHF currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. If the upward movement continues, we can see the midline of the channel and the supply zone, and sell in the form of scalps with the appropriate risk reward. A downward correction towards the demand zones will provide us with the next buying positions for this currency pair. Chris Turner, an analyst at ING, noted in a recent report that the dollar is likely to remain stable through the end of the year, even if the Federal Reserve cuts interest rates in December. While markets remain divided on the likelihood of a rate cut next month, ING anticipates a 25-basis-point reduction. Turner suggested that such a move, coupled with potential seasonal weakness, could weigh negatively on the dollar. However, amid geopolitical uncertainties and the stronger performance of the U.S. economy compared to the Eurozone, the dollar is expected to remain supported by demand for safe-haven assets. According to the U.S. Conference Board’s Consumer Confidence Index, “the probability of a U.S. recession within the next 12 months reached its lowest point in November.” The minutes from the Federal Reserve’s November meeting, released last night, revealed that some policymakers believe the pace of rate cuts could accelerate if economic activity declines or the labor market weakens. Conversely, some officials warned that persistent inflation might necessitate halting the easing cycle and maintaining rates at restrictive levels. Many policymakers highlighted uncertainty about the neutral rate, emphasizing the need for a gradual reduction in monetary restrictions. Scott Bennett, the newly appointed U.S. Treasury Secretary, believes that a weak dollar policy could become a cornerstone of Trump’s second administration. In a letter published earlier this year by Bennett’s hedge fund, he argued that Trump is more likely to pursue a dollar-weakening strategy than rely on tariffs. Bennett stated that tariffs tend to drive inflation and strengthen the dollar, which conflicts with efforts to revive U.S. manufacturing. Bennett predicted that a weaker dollar early in Trump’s second term could enhance the competitiveness of U.S. industrial production. He argued that a weaker dollar, coupled with cheap and abundant energy, could fuel economic growth. This perspective diverges from Wall Street’s current consensus, which leans toward a stronger dollar. Bennett remarked that dollar strengthening might only occur later in Trump’s term if efforts to onshore production prove successful. He also pointed to the constraints imposed by tariffs, corporate tax cuts, and budget deficits, which he believes hinder Trump’s economic objectives. Bennett suggested that focusing on deliberate currency devaluation could simultaneously achieve GDP growth, fiscal improvement, and stock market gains—at least in nominal terms. Bennett stressed that targeting a weaker dollar against the Chinese yuan and Japanese yen could yield more impactful results. He even suggested that such a strategy could allow China to claim it had avoided U.S. tariffs, presenting it as a “win.” Bennett’s statements carry significant weight given his new role as Treasury Secretary. He also briefly referenced the concept of Bretton Woods 3, noting that while it is not currently a primary scenario, conditions for its realization are in place. Meanwhile, Swiss National Bank Chairman Schlegel stated that Switzerland benefits from a flexible inflation framework that enables it to respond more effectively to economic shocks. He noted that while the Swiss franc is recognized as a safe-haven currency, this very characteristic can lead to appreciation during global recessions, which may harm Switzerland’s economy. The SNB remains committed to price stability, which Schlegel identified as a key factor in the country’s economic success. He also did not rule out the possibility of a return to negative interest rates.
Long
by Ali_PSND
Could the Bitcoin drop from here?The price is rising towards the pivot which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the 1st support which is a pullback support. Pivot: 95,881.12 1st Support: 91.430.48 1st Resistance: 99.592.22 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.
ICMARKETS:BTCUSDShort
by ICmarkets