Good Morning, Gold broke down of its high at 3160$. It tried with good momentum to get back into trend but was rejected. Overall Gold is still in a bullish long term trend however for the purpose of swing trading we are always looking to take advantage of those highs and lows. I am still holding a short against Gold since its drop and have not looked to exit yet. Currently we are showing another attempt to retest and break out of its short term bearish trend. Enjoy!
The price perfectly fulfilled my last idea . It hit TP. FX:EURGBP market shot up and reached the resistance zone as well as channel border. The price is now near the July High of 2024. The market has completed an ABC move where the C point is near the psychological level at 0.86000. On the 1H timeframe, the price has formed a double top with bearish divergence, suggesting a potential pullback. If the market remains below this resistance zone, I expect the price may retest the lower levels after the impulse leg. My goal is support level 0.84600 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Looking to short GJ to POC based on Elliot wave and H4 momentum shift. Trade safe and good luck
Elliott wave trade set up subminuette wave v unfolding micro wave ((1)) ended micro wave ((2)) unfolding in a zigzag wxy FIB target 1.780/1.0820 Volume profile - price should break below 1.0870 target 1.0790/740 ICHIMOKU support area 1.0820 invalidation : 1.0870 hold -> price break out 1.1048
Hang Seng Index Plunges by Around 13% Hong Kong’s Hang Seng Index (Hong Kong 50 on FXOpen) tumbled by over 13% as trading resumed after the weekend with a sharp bearish gap. According to media reports, this marked the biggest single-day drop since the 1997 Asian financial crisis. Hang Seng Index Chart In our analysis of the upward trend on the Hang Seng (Hong Kong 50 on FXOpen) chart a month ago, we noted that: → investor enthusiasm around artificial intelligence was still fuelling the rally; → however, the price appeared vulnerable to a correction. We also highlighted that the outlook would largely depend on the fundamental backdrop, particularly the tariff standoff between China and the United States. https://www.tradingview.com/x/XcTtIbw7/ Since then, the Hang Seng Index (Hong Kong 50 on FXOpen) has fallen by around 17%, following the announcement of harsher-than-expected tariffs by President Trump, with China responding in kind. Despite the drop, Hang Seng is outperforming peers Despite Monday’s dramatic decline, the Hang Seng is still outperforming several other markets. As shown in the chart above, it remains in positive territory for 2025, unlike: → the ASX 200 (Australia 200 on FXOpen); → the S&P 500 (US SPX 500 mini on FXOpen); → and other global indices, including those in Europe and Japan. What lies ahead? Market sentiment remains highly sensitive to tariff-related news. For instance, Bloomberg reported that a post on social media platform X claimed President Trump was considering a 90-day pause on tariffs (excluding China), sparking hopes of a rebound. Should Trump choose to soften the recently announced tariffs, this could act as a catalyst for a strong recovery across global equity markets. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 146.62 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 145.71 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 148.09 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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