Forex
AUD/USD Retests Key Support: Will the Downtrend Continue?AUD/USD remains in a downtrend, facing multiple rejections from the falling trendline. The price is currently retesting the breakdown of a key support level.
If it fails to break above the marked green zone, we could see a potential downward move toward the previous swing low.
EURAUD Buyers In Panic! SELL!
My dear subscribers,
This is my opinion on the EURAUD next move:
The instrument tests an important psychological level 1.6597
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6575
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPJPY: The Big Drop No One ExpectsWhat’s up, traders! Back with another GBPJPY breakdown and update. If you’ve been following my previous videos, you know we’ve been tracking a massive opportunity for a potential drop. This week, the market is playing right into our analysis.
🚀 Quick Highlights:
• We caught 90+ pips on a clean long setup after breaking above 191.46, targeting liquidity zones at 192.70 and 192.90.
• Now, we’re flipping short after spotting key rejection areas and volume shifts.
• We’re targeting major levels at 190.00 and possibly beyond as we wait for the market to show its hand.
This setup shows why patience and precision are everything in trading. Watch how I break it down from higher time frames to entry zones, with stops and targets mapped out for both early entries and confirmation re-entries.
📉 The big question: Will GBPJPY break the neckline at 190.00 for a massive sell-off, or will buyers step in? Watch to find out how I’m playing this!
Comment below if you want more pair breakdowns or have specific setups you’d like me to analyze. Let’s crush the markets together! 💹
DXY Is Going Down! Sell!
Here is our detailed technical review for DXY.
Time Frame: 17h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 109.631.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 107.871 level.
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.
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SILVER Will Fall! Short!
Take a look at our analysis for SILVER.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 29.780.
The above observations make me that the market will inevitably achieve 28.792 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDUSD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDUSD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.558.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.551 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDCAD Will Go Lower! Short!
Here is our detailed technical review for AUDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.887.
Considering the today's price action, probabilities will be high to see a movement to 0.882.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Major Breakdown or Reversal? EUR/USD 2-Week AnalysisEUR/USD analysis on the 2-week timeframe (14 days), the chart clearly shows that the price has faced multiple rejections from the upper resistance line, marked in red. Additionally, the price has broken below the strong 2-week support zone and is now trading just above the lower supportive trendline, indicated by the green line.
The Stochastic RSI is signaling a potential reversal, suggesting that the current price action may retest the breakout levels before making a decisive move. This could either lead to a rebound from the support or further bearish continuation if the trendline breaks.
GOLD Is Going Up! Long!
Here is our detailed technical review for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,621.75.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,686.96 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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XAU/USD : Reasons for Falling! (READ THE CAPTION)In the 4-hour timeframe, we can see that after reaching $2697 and hitting all targets last Friday, gold eventually closed around the $2690 zone. Today, gold showed a bearish sentiment, dropping by over 300 pips and correcting to as low as $2664.
Currently, gold is trading around $2670, and if it stabilizes below this level within the next 4 hours, further declines can be expected. Potential bearish targets are $2663, $2658.8, and $2652.5, respectively.
This analysis will be updated soon, so stay tuned for a trading setup in the lower timeframes!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the NG1! with the target of 3.012 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
NZD/USD is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.552 level.
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EUR/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on EUR/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.022.
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CAD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 109.618 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Bouncing Back: EUR/USD Poised for a Bullish WaveEUR/USD is trading at 1.0257, showing signs of bullish momentum with a target price of 1.0800. The price action is based on the support and resistance pattern, with the pair currently bouncing off a strong support level. This bounce indicates a potential reversal and the start of an upward trend. The support level serves as a foundation for buyers to regain control, pushing the price higher. A steady climb toward the resistance level at 1.0800 is expected if the support holds firm. Traders should monitor this bounce closely for confirmation of bullish momentum. The setup presents a favorable opportunity for long positions, supported by technical analysis. However, risk management remains crucial to navigate market volatility. This move emphasizes the role of key levels in predicting price movements. Patience and strategy are essential to capitalize on this trade setup.
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
GBPJPY Buy signal on a 5-month bottom.The GBPJPY pair has been trading within a Channel Up since the August 05 2024 bottom and yesterday it made a Higher Low at the bottom of the pattern. This has been a buy opportunity 2/2 times and based on the similarities with the September 11 2024 Low, we can expect the new Bullish Leg to start and peak on the 1.5 Fibonacci extension. Our Target is 204.000.
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GOLD: Buy or Sell ?Dear friends, Ben here!
Gold begins the new week with a slight decline, retreating from the one-month high reached on Friday. Hawkish expectations from the Fed, rising U.S. Treasury yields, and a stronger USD are weighing on the precious metal in the short term. On the other hand, risk-off sentiment might provide support for the safe-haven pair XAU/USD and help limit further losses. :)
From a technical perspective, gold confirmed a bullish breakout from a month-long symmetrical triangle pattern on January 8, further reinforcing the ongoing bullish momentum. It is likely that the struggle will continue, and the price may retest the previously broken boundary or the liquidity zone at 2675–2665, which will determine the next phase of developments.
Resistance level: 2698
Support levels: 2685, 2665
The situation remains volatile, as numerous factors are exerting pressure on the price.
Accordingly: If, after the retest, buyers manage to hold the price above the 2680–2685 support zone, the upward momentum could continue in the medium term.
However, if the bullish support structure breaks and sellers push the price below 2680, this could trigger a correction down to 2665 or 2650 before the uptrend resumes.