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Harmonic Patterns

AUDCHFCurrent Monetary Policy Stance The Reserve Bank of Australia (RBA) lowered its cash rate by 25 basis points to 4.10% in February 2025, marking the first cut since 2020. The RBA paused further easing in April, maintaining the rate at 4.10% and adopting a cautious, data-dependent approach. The RBA’s policy remains restrictive, but with inflation easing and private demand sluggish, further gradual rate cuts are anticipated through 2025. Switzerland (SNB): The Swiss National Bank (SNB) cut its policy rate by 25 basis points to 0.25% in March 2025, responding to increased downside risks to inflation. Swiss inflation remains the lowest among G10 economies, forecast at 0.6% for 2025. The SNB is expected to keep rates at 0.25% until at least 2026, with a low risk of returning to negative rates. Interest Rate Differential As of April 2025, the interest rate differential between Australia and Switzerland stands at 3.85 percentage points (Australia 4.10% minus Switzerland 0.25%). This significant positive differential typically supports the Australian dollar, as higher yields attract capital inflows into AUD-denominated assets. Impact on AUD/CHF Exchange Rate Higher Australian rates relative to Switzerland generally favor AUD appreciation versus CHF, as investors seek higher returns. However, the Swiss franc’s status as a safe-haven currency can counteract this effect during periods of global uncertainty, attracting flows into CHF regardless of the rate gap. The RBA’s gradual easing bias and the SNB’s low, stable rates suggest the differential may narrow slightly if Australia continues to cut rates, but the gap is expected to remain wide through 2025. Summary Table Central Bank Policy Rate (Apr 2025) Policy Direction Inflation Outlook RBA 4.10% Gradual easing expected Easing, within target SNB 0.25% On hold, dovish Very low, stable Conclusion The monetary policy differential between Australia and Switzerland is currently wide, with Australia maintaining much higher rates than Switzerland. This supports the AUD/CHF exchange rate, but the effect is moderated by the Swiss franc’s safe-haven appeal and global risk sentiment. Future moves by the RBA to cut rates may narrow the differential, but the gap is likely to remain significant in 2025.
Short
by Shavyfxhub
Bullish continuation?UK100 has reacted off the pivot and could potentially rise to the 1st resistance. Pivot: 8,462.50 2st Support: 8,326.30 1st Resistance: 8,626.49 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:UK100Long
by ICmarkets
Bearish drop for the Kiwi?The price is reacting off the pivot and could drop to the 1st support which is a pullback support. Pivot: 0.5938 1st Support: 0.5828 1st Resistance: 0.6028 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
Bullish bounce?The Swissie (USD/CHF) is reacting off the pivot and could bounce to the 1st resistance. Pivot: 0.8211 1st Support: 0.8114 1st Resistance: 0.8372 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
Bearish drop?EUR/USD has reacted off the pivot and could drop to the 1st support. Pivot: 1.14245 1st Support: 1.1146 1st Resistance: 1.1569 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
1
CADJPY Technical & Order Flow Analysis (Swing Trading)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view, the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment!
Long
by dkb14246
2
Bitcoin struggles to clear key $95,000 levelAt the moment, a strong neutral sentiment has taken hold in Bitcoin’s price action, with an average fluctuation of just over 1% in the last four trading sessions. Indecision persists as BTC struggles to break through the $95,000 barrier, especially as the U.S. dollar has begun to regain strength—limiting the continuation of steady bullish momentum. Additionally, the CMC Crypto Fear and Greed Index remains in the neutral zone, suggesting that the market is showing uncertainty regarding confidence in cryptocurrencies. Uptrend in focus: Since April 10 of this year, a new short-term bullish trend has been forming in Bitcoin’s movements. Although recent selling corrections have not been strong enough to break the upward structure, it is important to note that a prolonged period of neutrality could put the current bullish formation at risk in upcoming sessions. RSI: The RSI line continues to oscillate near the overbought zone marked by the 70 level. As it approaches this threshold, it could signal a potential imbalance in buying pressure and may lead to short-term bearish corrections. ADX: The ADX line remains slightly above the 20 level, indicating that the average volatility of the last 14 periods is still low. This suggests that recent price movements lack strong directional momentum. Key Levels: $95,000: A short-term resistance level aligned with the 61.8% Fibonacci retracement. A breakout above this zone could reinforce a stronger bullish bias and open the door for a more significant buying trend. $100,000: A distant resistance level at a major psychological threshold. If price action pushes toward this level, it could signal the beginning of a long-term trend and a potential move toward all-time highs. $90,000: A key support level, corresponding to the most important neutral zone tested in recent weeks. A break below this level could invalidate the current bullish formation and shift momentum in favor of sellers. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:BTCUSD
by FOREXcom
1
Bearish reversal off 61.8% Fibonacci resistance?NZD/USD is rising towards the resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.5949 Why we like it: There is an overlap resistance that lines up with the 61.8% Fibonacci retracement. Stop loss: 0.5979 Why we like it: There is a pullback resistance level. Take profit: 0.5904 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Could the price bounce from here?USD/JPY is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 142.39 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement. Stop loss: 141.95 Why we like it: There is a pullback support level. Take profit: 143.13 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish bounce?GBP/USD has bounced off the support level which is a pullback support that lines up wit the 71% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.3321 Why we like it: There is a pullback support level that lines up with the 71% Fibonacci retracement. Stop loss: 1.3281 Why we like it: There is a pullback support level. Take profit: 1.3385 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.
Long
by VantageMarkets
Bullish bounce off pullback support?EUR/USD is falling towards the support level which is a pullback support that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.1274 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.1145 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement and the 100% Fibonacci projection. Take profit: 1.1415 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets