GBPJPY Seems to Almost Switch The Trend!Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 193.200 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 193.200 support and resistance area.
Trade safe, Joe.
Bearish Patterns
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62700 zone, AUDUSD is trading in a downtrend and currently is in correction phase in which it is approaching the trend at 0.62700 support and resistance area.
Trade safe, Joe.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.04700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.04700 support and resistance area.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25400 support and resistance area.
Trade safe, Joe.
CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 170.400 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 170.400 support and resistance area.
Trade safe, Joe.
GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,762.245 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 189.599 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 1.834 area.
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EURUSD (2H) - High Volatility and Bearish MomentumOANDA:EURUSD
📶 Technical Analysis:
Weekly Chart
🟢 The overall trend has been consistently bearish since October 2024, indicating a longer-term downtrend
🟢 A strong level of support has been broken and tested at 1.0500, indicating potential for further bearish movement.
🟠 In the past three weeks, volatility has significantly increased, due to a combination of fundamental factors.
Daily Chart
🟢 The overall trend has been bearish since October 2024, reinforcing a larger downside momentum.
4-Hour Chart
🟡 There was a bullish trend early in 2025, but it was broken, and bearish momentum took over by the end of January.
🔴 The February opening gap, influenced by Trump tariffs, caused a strong bullish volatility before a reversal took place.
2-Hour Chart
🟢 A reversal pattern in the form of a double top is visible, suggesting that the bullish momentum has ended. This pattern has been confirmed by two lower highs and two lower lows.
🟡 Watch for a retest of the 1.035 resistance level and confirmation of the double top pattern.
🟢 A break below the recent low at 1.030 would suggest continued bearish movement.
🟠 The next strong support level on the daily chart is around 1.022, where the price could potentially stall or reverse if it moves lower.
🆕 Fundamental Analysis:
🟢 The EUR/USD dropped to near 1.0360 after the release of US Nonfarm Payrolls (NFP) data for January.
🟡 US Labor Market: The economy added 143K jobs, fewer than expected (170K), but the Unemployment Rate dropped to 4% (better than the expected 4.1%).
🟡 The Fed is expected to cut interest rates in its June meeting, but this is uncertain due to mixed signals from the labor market. Chair Powell indicated that any rate adjustments will depend on real progress in inflation or weakness in the labor market.
🟢 President Trump warned of potential tariffs on European goods, which could hurt the Eurozone economy. The Eurozone is facing increased uncertainty, with concerns about higher US tariffs negatively affecting growth.
🟢 EUR/USD faces continued selling pressure, as the Eurozone's economic outlook remains weak, especially with the risk of US tariffs and a dovish ECB.
🔤 Summary:
🟡 Neutral Position Above Red Trend Line: If the price breaks above the red trend line, it could signal a shift to a neutral position, requiring fresh analysis for clearer direction.
🟢 Bearish Continuation Confirmation: As long as the price remains below resistance and the double top formation holds, a bearish continuation is likely.
🟡 Watch for Key Breaks: Pay attention to the break below 1.030 and how price reacts to the 1.022 support level for further confirmation of the bearish trend.
NZDUSD: High CPI and Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.56400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.56400 support and resistance area.
Trade safe, Joe.
BTC - Building Block - UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After breaking below the $100,000, BTC entered the Short-Term bearish phase.
For the momentum to be shifted again to bullish, a break above the $100,000 is needed.
📈 Long-Term Bullish:
If the $108,500 level is broken to the upside, BTC is expected to enter a long-term bullish block, initiating a new bullish phase toward the $125,000 mark.
📉 Long-Term Bearish:
If the $90,000 level is broken to the downside, a long-term bearish movement toward the lower bound of the long-term bearish block, around the $75,000 mark, is expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USOIL BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 69.83 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.473.
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USD/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CHF 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 0.910.
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USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. 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 1.430 area.
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GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area.
Trade safe, Joe.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03800 support and resistance area.
Trade safe, Joe.
SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 30.518 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 SILVER pair.
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AUD/USD SHORT FROM RESISTANCE
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.611 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 151.552 level area with our short trade on USD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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CAD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 105.821.
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NZDCHF - Trend-Following TA signals short!NZDCHF overall bearish, looking for trend-following shorts on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2,816.028 level.
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