Forex market
AUDNZD TIME TO SELLAUDNZD pulling back, or will sellers gain momentum?
So far, the harmonic pattern is playing out as expected; the trade has already yielded a 200 TO 300-pip gain. Let's see if it can continue, given that today's high reached a key level on both the weekly and daily charts.
For now, I am holding short positions down to the blue zone, where we can wait for confirmation to see who holds control—whether it is the sellers or if the buyers continue to strengthen.
AUDNZD SELL IDEA AUDNZD pulling back, or will sellers gain momentum?
So far, the harmonic pattern is playing out as expected; the trade has already yielded a 165-pip gain. Let's see if it can continue, given that today's high reached a key level on both the weekly and daily charts.
For now, I am holding short positions down to the blue zone, where we can wait for confirmation to see who holds control—whether it is the sellers or if the buyers continue to strengthen.
AUDJPY CONTINUE SELLERSHello again, traders.
We are sticking with the short positions on AUDJPY; the selling pressure continues down to this H4 support level, where we see some rejection as buyers try to step in. Although the weekly trend remains bullish, for the moment we are seeing a very strong shift toward a bearish trend on the daily chart. This could be a minor pullback by buyers attempting a recovery, but sellers remain persistent; notably, the price has not broken the Upper ADR level and even showed rejection via a wick.
I am remaining short for now, waiting to see a break above the Upper ADR before looking for entry zones at higher levels.
We are also still tracking a harmonic pattern on the D1 chart, which I will share in the comments or an update.
Always prioritize risk management; I have over 15 years of market experience.
kvmev - EURCAD entryEntering a 1:1.5 RR long position on EURCAD as price has retested and rejected the key support zone around 1.60200 several times. Price has also broken above the descending trendline and closed above it for several days indicating bullish volume.
Entry - 1.60596
TP - 1.61759
SL - 1.59844
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Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
Potential bearish reversal?Dragon (GBP/JPY) is rising towards the pivot, which has been identified as a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse towards the pullback support.
Pivot: 210.70
1st Support: 207.46
1st Resistance: 212.35
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 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.
USDJPY : structure intactThe structure remains intact.
Yellow still points to the green line.
The Blue line was broken when the price went above the 'd'. This introduces a new White line. This is important. The White line now points to a 'D' below the green line.
Note that 'f' shows a price reaction, and it sits below the Blue horizontal line.
In summary, price can still follow the Yellow line and fall to the Green line. But now, there is a probability that price has the intention to go BELOW the green line if it follows the White line.
All this is VALID as long as price does not go above the BLUE line @ 156.77
This is THE Harmonic Pattern.
To DIVE deeper, you need to CLIMB higher to gain MOMENTUM.
Good luck.
Bullish bounce off?GBP/CHF has bounced off the pivot and could potentially rise towards the 1st resistance.
Pivot: 1.1004
1st Support: 1.0947
1st Resistance: 1.1077
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 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.
EURUSD Bearish Continuation | Trendline Breakdown (2H)
EURUSD has broken below the rising trendline after failing to sustain the recent higher-low structure. Price is now consolidating beneath the broken trendline, while the 1.1580–1.1590 area has turned into an important resistance region. The lower 1.1455 area remains the key support objective.
🟥 Resistance Objective: 1.1580–1.1590
🟦 Near-Term Support: 1.1520–1.1530
🟦 Key Support Objective: 1.1455
📉 Bias: Bearish below the broken trendline.
A rejection from the 1.1580–1.1590 resistance zone could keep downside pressure active toward 1.1520–1.1530, with the broader support objective near 1.1455. A sustained reclaim of the broken trendline and resistance area would weaken the bearish structure.
Bearish reversal at key resistance?EUR/GBP has rejected off the pivot, which acts as an overlap resistance, and could drop toward the pullback support.
Pivot: 0.8578
1st Support: 0.8550
1st Resistance: 0.8607
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 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.
Heading towards 50% Fib resistance?CAD/JPY is rising towards the pivot, which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse towards the 1st support.
Pivot: 112.82
1st Support: 111.16
1st Resistance: 1114.42
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 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.
USD/PY Consolidates; Bullish Momentum RemainsUSD/JPY OANDA:USDJPY snapped a three-day winning streak and pared some of Wednesday's gains, consolidating around the psychological 156.00 level throughout the Asian trading session on Thursday, September 17, 2026.
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✅ BoJ vs. Fed Monetary Policy: BoJ Rate Hike to 1.25% Tomorrow (31-Year High) vs. Fed's Hawkish Dot Plot
The foreign exchange market stands on the brink of a historic monetary policy decision from Tokyo:
- ⚡Certainty of BoJ Rate Hike Tomorrow (+25 bps to 1.25%): The Bank of Japan is widely expected to raise its benchmark interest rate by 25 basis points (bps) to 1.25% at tomorrow's policy meeting. Markets have also priced in the probability of a further hike in December due to persistent domestic energy inflation pressures.
- ⚡USD Strengthening Post-Fed Decision: The Fed's FOMC unanimously raised the benchmark rate by 25 bps on Wednesday night and signaled one additional hike this year via the Dot Plot chart. Fed Chair Kevin Warsh highlighted persistent inflation, propelling the US Dollar (DXY) to its highest level since late July.
- ⚡US Bond Sector: The yield on the 10-year US Treasury note is hovering near the 5.0% threshold (a high not seen since April 2007), preventing a sharp slide in USD/JPY ahead of the BoJ announcement.
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✅ Price Action Analysis (H4 Timeframe)
The H4 structure reveals a significant recovery in bullish momentum following the massive vertical drop from the Higher High (HH) peak around 160.294. The decline was precisely halted at the floor of the Major Demand Zone (the lowest gray box: 152.875 – 153.500), forming a bottoming pattern followed by a series of bullish candles with substantial bodies.
At the 156.024 price level, the most recent H4 candle shows consolidation near the latest local peak (156.279). A micro "Break of Structure" (BOS) is visible above the 155.248 green line; the area that previously acted as "Support Become Resistance" (SBR) has now transformed into a strong Support level.
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✅ Key Zones:
- ⚡Resistance / Supply Zone: The 156.300 – 156.600 range (middle gray box / nearest Supply Zone) and the 158.059 green line level (upper limit of the Major Supply Zone).
- ⚡Support / Demand Zone: The 155.248 green line level (lower-middle gray box / local SBR & Demand area) and the 152.875 green line level (lowest gray box / Major Demand Zone).
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✅ Elliott Wave Analysis
Mapping wave cycle movements on the H4 timeframe:
⚡Wave Structure:
The impulsive rally from the 152.875 floor to 156.279 is calculated as the impulsive expansion of Wave 1 (or a macro Wave A).
⚡Current Status:
The mild consolidation near 156.024 is currently identified as the initial formation of a minor Wave 2 (Corrective Wave) or a sub-wave consolidation prior to the launch of the main expansion.
⚡Projection:
Price action is projected to complete this minor consolidation above the 155.248 green line before launching an impulsive Wave 3 push—breaking through the 156.500 resistance and traversing the LVN zone—to target the 158.059 green line.
Fundamental Market Analysis for September 17, 2026 USDJPYUSD/JPY is holding around 156.100 after a hawkish Fed decision pushed the dollar to a seven-week high against a currency basket. The US regulator raised rates and signaled the possibility of another move by year-end, while two-year Treasury yields hit their highest level since mid-2024. This repricing supports interest rate differentials in favor of the dollar.
However, the scope for pair growth is limited by the Bank of Japan's meeting on Friday. The market expects a rate hike to its highest level in 31 years amid persistent inflationary pressures, including those related to expensive energy. More hawkish signals on further increases could quickly strengthen the yen, so the anticipation of the decision reduces the appeal of aggressive dollar buys.
Despite the Japanese risk, within the current session, the actual momentum from the Fed remains stronger than expectations for the Bank of Japan, which are already largely priced in. As long as US yields remain high, USD/JPY may continue its moderate rise. The scenario will lose strength if the market begins to price in a faster rate hiking cycle in Japan and demand for the yen noticeably recovers.
Trading idea: BUY 156.100, SL 155.700, TP 157.000
Bullish rebound in progress?AUD/JPY has bounced off the pivot, which acts as pullback support and could potentially rise towards the 1st resistance, which lines up with the 38.2% Fibonacci retracement.
Pivot: 109.74
1st Support: 109.06
1st Reistance: 111.90
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 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.
Upside momentum continues?AUD/NZD has bounced off the pivot, which is a pullback resistance, and could rise towards the 61.8% Fibonacci resistance.
Pivot: 1.23649
1st Support: 1.22782
1st Resistance: 1.25384
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 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.
Buyers sefend swing-Low support?NZD/CAD has bounced off the pivot whic is a swing low support, and could potentially rise towards the 1st resistance, which is a pullback resistance.
Pivot: 0.79936
1st Support: 0.79581
1st Reistance: 0.80850
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 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.
EURUSD Short set up???Coming into news GDP day tomorrow we also have Friday these are the last big news before the month is over, lets break this down.
1. yellow zone optimal entry we do have a resistance up here a liquidity level
2. Weekly bearish structure has not shifted yet, today taking out yesterday liquidity or is a trap??
3. Purple zone and red zone are magnets that can drag price down.
4. i know there is a daily FVG below this area is it going to be used as a spring or as bridge, if its used as a bridge price can go through this very quickly
5. this can be a big trade so be cautious.
My USDCHF play is up be sure to check it out if you have not it is still valid.
As Always use proper risk management trade your plan protect your capital
Hit follow for the next update and move!!
TRADE THE RANGE- MASTER THE GAME!!!!
USDCHF Bullish Idea Lets break this down, weekly liquidity, along with a daily CRT
1. Blue zone strong weekly liquidity event that occurred on june 17th currently being tested
2. CRT daily bullish set up bouncing from that area pretty high chance we can get a move up
3. purple zone will be final target if by any chance this zone breaks expect another strong push up.
4. Fundamentals favor the bulls on this pair be cautious on shorts here
As Always use proper risk management trade your plan protect your capital
Hit follow for the next update and move!!
TRADE THE RANGE- MASTER THE GAME!!!!






















