NG1! SHORT FROM RESISTANCE
Hello, Friends!
NG1! uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.420 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the NG1! pair.
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SELL
GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.910 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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XAU/USD: Tension Mounts Ahead of Key ResistanceXAU/USD paints a dramatic picture as gold prices hover tensely around $2,653.840. After breaking free from a downward trend, the market is far from safe as it faces a solid resistance at $2,667.943—an impenetrable “wall” that, if not broken, could cause a swift reversal.
Buyers are battling fiercely to push the price higher, but one small slip could give sellers the chance to drive prices down to the critical support at $2,631.422. This support acts as the “last fortress” protecting the upward trend, and if breached, a sharp decline may follow.
Upcoming hot economic news from the U.S. could deliver a decisive “shock,” overturning every strategy in the gold market. Prepare for unpredictable swings ahead!
APT - The signal is crystal clear.#APT/USDT #Analysis
Description
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+ APT has clearly bounced from the support zone, and we are now seeing a defined trend.
+ The price is moving towards the next resistance around $18.
+ This presents a clear opportunity to capitalize on the trend and maximize profits.
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VectorAlgo Trade Details
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Entry Price: 9.13
Stop Loss: 6.43
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Target 1: 10.84
Target 2: 12.96
Target 3: 15.23
Target 4: 18.57
Target 5: 26.78
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Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
GOLD Is Going Down! Short!
Please, check our technical outlook for GOLD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,647.10.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,631.84 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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AUDCHF Will Go Lower From Resistance! Sell!
Take a look at our analysis for AUDCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.583.
The above observations make me that the market will inevitably achieve 0.572 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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USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 71.68 area.
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GBP/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the GBP/NZD with the target of 2.114 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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Potential EURAUD Sell Setup: Watch for Bearish TDI Cross. TP LevEURAUD's monthly structure on the daily timeframe shows an OHLC setup indicative of a potential sell opportunity. We’re currently awaiting a bearish TDI cross to confirm the presence of sellers in the market.
My target levels for take profit are as follows:
First at 1.65411,
Second at 1.64378
Third at 1.63374 (monthly open on the daily timeframe) .
Please trade with caution. If you find this analysis helpful, please support it with a comment, like, and share.
SELL USDJPYIn todays session we are monitoring USDJPY for selling opportunity. Our first entry is at current price 144.727 and will add more sells when prices goes for the highs of 145.725. Our tight stop loss is at 146.219 and our targets are as low as 142.586. Use proper risk management and best luck to you all.
DXY Will Go Lower! Short!
Please, check our technical outlook for DXY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 101.874.
Taking into consideration the structure & trend analysis, I believe that the market will reach 101.496 level soon.
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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GBPJPY Will Move Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 17h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 192.985.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 188.232 level.
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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GBPAUD Is Bearish! Short!
Please, check our technical outlook for GBPAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.923.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.919 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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CADJPY Will Go Down From Resistance! Short!
Here is our detailed technical review for CADJPY.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 108.351.
Considering the today's price action, probabilities will be high to see a movement to 108.001.
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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BITCOIN BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
It makes sense for us to go short on BITCOIN right now from the resistance line above with the target of 60,642 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBP/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 182.891.
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EUR/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.936 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CHF pair.
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EUR/NZD SHORT FROM RESISTANCE
Hello, Friends!
EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.768 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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SOLUSDT TODAY Based on the SOL/USDT chart you provided, here’s a concise trading strategy:
Super Support Zone: The highlighted zone around $115 - $125 acts as a strong support level. This is where buyers might look for entry points.
Buy Opportunity: If the price dips into the super support zone and shows a bullish reversal signal, consider opening a buy position. This zone has historically acted as strong support, making it a potential area for long trades.
Sell Scenario: The descending trendline marks significant resistance. If the price retraces upwards and touches the trendline (around $145 - $150) without breaking above it, this could be a sell opportunity, especially if bearish signals appear.
Key Levels:
Buy in the $115 - $125 zone (upon confirmation of a reversal).
Sell around the $145 - $150 resistance level (if the price is rejected at the trendline).
This strategy allows you to capitalize on both potential buy and sell opportunities based on market conditions.
SOLUSDT: Forming a bearish pattern?The SOLUSDT chart may be forming an Inverse Cup pattern, which signals a potential trend reversal from bullish to bearish.
In this pattern:
The inverted cup is created when the price rises, then reverses downward, forming a rounded top resembling an upside-down cup.
As the price drops and approaches the support level, traders watch to see if the support will be broken. If it does break, a strong bearish trend is likely to follow.
In the case of SOLUSDT, the price is showing signs of declining from the top of the inverted cup pattern, and it could continue to fall if it breaks below the support levels of 145 USDT and then 134 USDT.
Trading strategy based on the inverse cup pattern: Traders can wait for a break below the support level to confirm the bearish trend and then enter a sell position targeting lower levels, such as around 134 USDT.
XAU/USD Before the Break: Awaiting a Breakout or Correction?The XAU/USD chart is weaving a dramatic story as gold prices hover around $2,661.865. This is a sensitive moment with buyers holding control but facing a major challenge – breaking the key resistance at $2,684.675 and continuing their journey toward the peak at $2,710.715.
The EMA 34 ($2,653.217) and EMA 89 ($2,635.299) serve as “solid shields,” supporting the current uptrend and providing a strong base for buyers.
The strong support at $2,637.457 also acts as the “final fortress,” preventing a deeper correction.
If the price breaks this resistance, an "explosive surge" could occur, opening up golden opportunities for investors.
Today is a critical trading day, with the US Non-Farm Employment Change data about to be released. This is one of the indicators that significantly impacts the market, especially the currency pairs related to USD.
XAUUSD: New Day Trading Strategy!Currently, XAUUSD is hovering around the 2662 USD mark, and it seems that the price has remained relatively stable over the past few days. On the other hand, the resistance level at 2670 is acting as a significant barrier to upward momentum. Interestingly, XAUUSD is forming a green candlestick right above the parallel wedge.
If this candle closes above the wedge, we could fully expect a strong breakout, aiming for new profit targets. Additionally, the positive signals from the EMA 34 and 89 are reinforcing this view, indicating a clear upward trend.
Investors might consider opening BUY positions on shorter timeframes, once the price confirms a breakout from the current range, provided that the support level around 2654 USD holds firm.