Get started

Forex market

Bullish bounce off?EUR/JPY has bounced off the pivot which has been identified as an overlap support and could rise to the 1st resistance. Pivot: 169.75 1st Support: 168.06 1st Resistance: 171.62 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURUSD DAILY TIMEFRAME ANALYSIS 📊 Key Observations: 1. Uptrend and Trendline Support: The pair was following a strong ascending trendline. Price respected this trendline until it broke downwards, indicating a break of bullish market structure. 2. Break of Structure (BoS): The chart marks a clear Break of Structure (BoS) below the trendline, signifying that buyers lost control and sellers stepped in. This often suggests a potential trend reversal or at least a deeper correction. 3. Fair Value Gap (FVG): A Fair Value Gap (imbalance) is highlighted between ~1.1680–1.1830. This area represents a liquidity void where price moved too quickly in one direction and may return to "fill the gap". Price is likely to retrace into this FVG, possibly touching the underside of the broken trendline (now resistance). 4. Bearish Retest Zone: The FVG and trendline intersection make this a strong bearish retest zone. If price reaches this level, it could act as a supply zone or area of resistance for further downside continuation. --- 🔁 What Could Happen Next: ✔️ Bullish Scenario (less likely without fundamentals): Price breaks above the FVG and reclaims the trendline. If that happens, bullish momentum could resume with 1.20+ as the target. ❌ Bearish Scenario (currently more probable): Price retraces into the FVG zone and rejects. This retest confirms the trendline as resistance. Bearish continuation toward 1.1400, 1.1300, or even 1.1100 is likely. --- 🔑 Key Technical Levels: Level Type Price Level (Approx) FVG Upper Bound 1.1830 FVG Lower Bound 1.1680 Support 1 1.1400 Support 2 1.1300 Support 3 1.1065 --- 🧠 Conclusion: This chart shows a classic Smart Money Concept (SMC) setup: Break of structure ➝ Retrace to FVG ➝ Potential bearish continuation. Watch how price reacts around 1.1680–1.1830. That zone will reveal if sellers are still in control.
Short
by enwemadufranklyn1989
Trade Plan: GBP/JPY — 4H AnalysisTrade Plan: GBP/JPY — 4H Analysis Market Context Pair: GBP/JPY Timeframe: 4H Date: 6th August 2025 Key Observation: Price attacked weekly sell-side liquidity (PML). CISD (Closed Inside Swing Demand) formed, showing bullish reaction. Higher timeframe weekly buyside liquidity (PMH) is intact and a potential long-term target. Bias: Bullish Key Levels PML (Weekly Sell-Side Liquidity): Price tapped into it and reversed. PMH (Weekly Buyside Liquidity): Near 200.000, long-term target. Fair Value Gaps (FVGs): Two bearish FVGs (red boxes) are marked as potential reaction zones. Entry Criteria Entry Zone: After confirmation of bullish dealing range above CISD. Trigger: Price breaking above minor resistance (current consolidation zone near 196.143). Confirmation: Lower timeframe bullish FVG inside context area. Target Short-Term Target: 1st FVG (near 197.300–197.700). Mid-Term Target: 2nd FVG (near 198.200–198.700). Long-Term Target: PMH near 200.000. Stop Loss Below recent swing low formed during liquidity sweep (below 195.000). Notes Patience Required: As title suggests, wait for bullish confirmation candle to close before entry. Risk Management: Target minimum 2R reward before scaling out. Invalidation: Price closing below CISD and not showing bullish FVG in lower timeframe.
Long
by Asif_Brain_Waves
EURUSD SHORTThe current EUR/USD exchange rate is 1.1604, with a 0.24% increase (0.0028) from the previous closing rate. Here's a breakdown of the rate's movement¹: - *Current Rate*: 1 EUR = 1.16 USD - *Daily Change*: +0.0028 (0.24%) - *Daily High*: 1.15886 - *Daily Low*: 1.15640 Some analysts predict a potential decline in EUR/USD due to various factors, including² ³: - *Federal Reserve Interest Rate Decisions*: Expectations of a rate cut may impact the USD. - *US Tariff Policies*: Renewed concerns over tariffs could influence the EUR/USD rate. - *Economic Indicators*: Weak US job data and Eurozone sentiment may affect the rate. Keep in mind that forex markets can be highly volatile, and rates may fluctuate rapidly. For the most up-to-date information, consider checking financial news websites like FXStreet etc
Short
by judewonders
NZDUSD Will Go Higher! Long! Here is our detailed technical review for NZDUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.592. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.602 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Could the price bounce from here?EUR/CAD has bounced off the pivot which is a pullback support, and could rise to the 1st resistanc,e which is a multi-swing high. Pivot: 1.58922 1st Support: 1.57671 1st Resistance: 1.61066 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
2