US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 97.96 1st Support: 97.55 1st Resistance: 98.74 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance... Read more

Longtime base build up. Close to golden cross on the weekly, trending up. If we get break of 90/92 first target is 106.5 second is 120/121.5.... Read more

1. Momentum D1 (Daily): Daily momentum is showing signs of a bearish reversal. However, we must wait for today’s D1 candle to close to confirm this signal. This is a critical confirmation, as it will determine whether the market has formed a medium-term top. H4: H4 momentum is currently in the oversold zone and is preparing for a bullish reversal. Once confirmed, we can expect a technical rebound lasting approximately 4–5 H4 candles. H1: H1 momentum remains bearish and is moving toward the oversold area. We will wait for price to reach oversold conditions and for momentum to confirm a bullish reversal, which would signal a short-term H1 corrective rally. --- 2. Elliott Wave Structure D1: With D1 momentum turning down, if today’s daily candle confirms the reversal, price is likely forming the top of the purple wave X. After wave X completes, the market may enter purple wave Y,... Read more

CALL CREDIT SPREAD, above price: +1 Buy $35 Call 1/16 -1 Sell $34 Call 1/16 SHORT PUT, below price: -1 Sell $19 Put 1/16 Credit to open: Approx $150 (TBD) END RESULT SCENARIO #1: Share price between $19 and $34 @ expiration = Credit to open is max profit (best case scenario). END RESULT SCENARIO #2: Share price above $35 @ expiration = Credit to open minus $100 (no risk to upside). 3) END RESULT SCENARIO #3: Share price at or below $19 = Assigned to purchase 100 shares for $17.50 per share. (Deal with it already).... Read more

AI revenue growth isn’t enough—AVGO now has to prove durable AI economics (margins + customer concentration + visibility). VMware remains a headline magnet: packaging/partner shifts (especially in EMEA) are becoming a reputational + churn risk, even while Broadcom tries to “wrap services around” the migration to VCF. The EU court challenge is a reminder that VMware integration isn’t a fully “closed book” politically, even post-close.... Read more

Ethereum price action has broken down bearishly from a rising wedge structure, confirming a continuation of downside momentum. The breakout attempt into the 0.618 Fibonacci level proved to be a false move, trapping late buyers before price was rejected back into the wedge — a classic technical fakeout. Following this failure, Ethereum has now lost the Point of Control on a daily closing basis. This shift signals a loss of market equilibrium and increases the probability of a deeper corrective move. As long as price remains below the Point of Control, downside continuation toward the $2,500 region remains the higher-probability scenario. Key Levels & Structure: -Pattern: Bearish rising wedge breakdown - Failed Breakout: 0.618 Fibonacci retracement - Key Support Target: $2,500 What to Expect: Ethereum is likely to remain under pressure unless it can reclaim the Point of Control. Failure to do so keeps the downside target toward $2,500 firmly... Read more

SOL price breaks below lower channel of symmetrical triangle. Bearish continuation confirmed? Price in favour of shorts now with next support around $85-97... Read more

Be very careful before any upward trade is taken in BTC. As it looks at a point where it can drag it down to 62k or hold for some time same level and then move up... Read more

Bitcoin price action is now trading within a clearly defined range between sub-$80,000 support and $94,000 resistance. Price recently rejected from the range high after failing to reclaim the Value Area High on a daily closing basis, reinforcing the range-bound structure. This rejection has triggered a bearish expansion back toward the range midpoint, which aligns with the 0.618 Fibonacci retracement and daily support. This region is now critical for short-term direction. As long as Bitcoin holds this midpoint support, price is likely to remain rotational within the range. However, a daily close below this level would open the probability of a deeper corrective move toward the sub-$80,000 range low. Key Levels & Structure: - Range High: $94,000 - Range Midpoint: 0.618 Fibonacci + Daily Support - Range Low: Sub-$80,000 What to Expect: Bitcoin is likely to remain rotational within this range until a decisive breakout or breakdown occurs. Directional confirmation... Read more

🔍 Gold – Trend Analysis & Trading Scenarios Gold prices are entering a technical correction phase to re-accumulate buying momentum before continuing the main trend. This correction is considered necessary to consolidate the current uptrend structure. In a positive scenario, when buying pressure returns strong enough, gold prices are expected to head towards the important resistance zone of 4400 – an area where profit-taking pressure from sellers may appear strongly. 📉 Key Support Zone 4265 is a key support zone in the pullback wave structure. If the price breaks through 4265, buyers will need more time to re-accumulate and bring the price back above 4300. Conversely, if the price holds and is accepted above 4265, the complete pullback structure will confirm a clearer uptrend. 📌 Trading Strategy BUY trigger: When a clear price rejection signal appears at support zones ➤ 4265 – 4217 – 4177 Target: 4400 ⚠️ Risk If... Read more

Gold will have a bearish move due to clear double top pattern and MACD crossover... Read more

Hello everyone, On the chart, the downtrend remains clearly intact, with a persistent sequence of lower highs and lower lows extending from October to the present. Price is trading entirely below EMA34 and EMA89, both of which are sharply sloping downward. This confirms that sellers continue to control the market, with no meaningful signs of exhaustion so far. Throughout November and December, all rebound attempts have been weak, short-lived, and repeatedly rejected around the EMA34 near the 0.45 USD area. This behavior suggests that buying pressure is purely technical in nature and insufficient to form a reversal structure. At the moment, ADA is hovering around the nearby support zone of 0.37–0.39 USD. However, the current D1 candle structure — small bodies, short lower wicks, and declining volume — indicates fading momentum, a pattern that often precedes a breakdown of support. From an EMA perspective, the widening gap between price and... Read more

Hello traders, if you’re looking for a trade that is trend-aligned, clean, and easy to execute, GBPUSD is currently presenting a very solid bullish picture , even though short-term news may still cause some minor volatility. From a macro perspective, weak UK data (soft GDP) can put pressure on GBP. However, on the other side, the USD is not particularly strong , as the market remains cautious ahead of key U.S. economic data . As a result, GBPUSD is more likely to move in a “slow but steady” bullish manner — pushing higher step by step, pausing, and then continuing. On the chart, the uptrend remains clearly intact : price is holding above the rising trendline and is well supported by Ichimoku, with the cloud below acting as a strong support base. The 1.3350 zone is a key level — a confluence of trendline support and horizontal demand. As long... Read more

EURUSD has been rallying within a rising channel structure, but momentum appears to be slowing at the highs. I am watching for a rejection here to trigger a bearish correction. Price is testing the upper limits of the trend. I am looking for a move back down toward the 1.1600 - 1.1620 zone The red box represents a key support/resistance flip. If price reaches this area, we will look for price action confirmation to see if support holds or if we break lower for a deeper sell-off.... Read more

Good morning, friends! 🌞 Market directions and levels for December 16th: > The Dow Jones shows bullish sentiment, while the Indian market indicates a moderately bullish outlook. > Today, the GIFT Nifty is expected to open with a neutral to slightly negative start. What to expect today? > Even though GIFT Nifty shows a negative start, structurally we can expect a bounce back around the immediate support level. This is the basic structure (current view). > However, if the gap down forms a solid candle structure and breaks the support, then it could reach the bottom of the current swing with some consolidation (alternate view).... Read more