BITCOIN Will Move Higher! Long!
Take a look at our analysis for BITCOIN.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 118,043.14.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 119,900.74 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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Forex
USDCAD Is Bearish! Sell!
Please, check our technical outlook for USDCAD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.377.
The above observations make me that the market will inevitably achieve 1.369 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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GBPUSD Is Very Bullish! Buy!
Here is our detailed technical review for GBPUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.334.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.358 level soon.
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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AUDCAD Is Going Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.896.
Considering the today's price action, probabilities will be high to see a movement to 0.905.
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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GBPUSD H4 | Bearish continuationThe Cable (GBP/USD) is rising toward a pullback resistance level and may reverse from this point, potentially dropping lower.
Buy entry is at 1.3391, located at a pullback resistance.
Stop loss is at 1.3460, also a pullback resistance, positioned slightly above the 50% Fibonacci retracement.
Take profit is at 1.3318, which is a pullback support level.
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GBPJPY Is Very Bearish! Sell!
Please, check our technical outlook for GBPJPY.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 199.004.
The above observations make me that the market will inevitably achieve 198.074 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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USD/JPY BEARS ARE GAINING STRENGTH|SHORT
USD/JPY SIGNAL
Trade Direction: short
Entry Level: 147.871
Target Level: 145.815
Stop Loss: 149.230
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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EUR/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.179 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so CHF-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 183.703.
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GBPUSD Elliott Wave Insight Bounce Should Fail Into Support ZoneThe GBPUSD is trading in higher high sequence from 9.22.2022 low in weekly. The bounce is corrective Elliott Wave sequence & expect further upside. It favors pullback in proposed 7 swings from 7.01.2025 high & extend into 1.3162 – 1.2898 area, while below 7.23.2025 high. It should find buyers into extreme area for next leg higher in daily or at least 3 swings bounce. In 4-hour, it started correcting lower from 7.01.2025 high. It ended W at 1.3362 low of 7.16.2025 & X at 1.3589 high of 7.23.2025 each in 3 swings. Below X high, it favors downside in Y in 3 swings as it broke below 7.16.2025 low, expecting into extreme area. Within W, it ended ((a)) at 1.3523 low, ((b)) at 1.3620 high & ((c)) at 1.3362 low. Above there, it placed ((a)) at 1.3486 high, ((b)) at 1.3371 low & ((c)) as X connector at 1.3589 high. The double correction unfolds in 3-3-3 structure, which will complete, when current bounce fails below 7.23.2025 high to new low into extreme area. It ended ((a)) of Y into 0.618 – 0.764 Fibonacci extension area of W & expect 3 or 7 swings bounce in ((b)).
Below X high, it placed ((a)) of Y at 1.3305 low & favors bounce in ((b)) in 3 or 7 swings against 7.23.2025 high. Within ((a)), it ended (i) at 1.3528 low, (ii) at 1.3563 high, (iii) at 1.3413 low, (iv) at 1.3543 high & (v) at 1.3305 low. Above there, it favors bounce in (a) of ((b)) and expect small upside before it should pullback in (b). The next pullback in (b) should stay above 1.3305 low choppy price action before continue upside in (c). Ideally, ((b)) can bounce between 1.3413 – 1.3481 area as 0.382 – 0.618 Fibonacci retracement of ((a)) before continuing lower. Wave ((b)) bounce expect to fail below 1.3591 high before extending lower in ((c)) into 1.3162 – 1.2898 to finish double correction. Because of higher high in daily since September-2022 low, it should find buyers in extreme area to resume higher. It expects sideways to higher until FOMC event followed by selloff, while bounce fail below 7.23.2025 high. We like to buy the pullback into extreme area for next leg higher or at least 3 swings reaction.
Are you ready for the BUY BTCUSD signal?✏️ The pennant pattern is forming. After BTCUSD reached a new peak, the past 1 week, BTC price has been accumulating to form a bullish pennant pattern. This is a bullish continuation pattern that signals when breaking the upper boundary of the flag pattern.
📉 Key Levels
BUY Trigger: Break and trade above 199000
Target 128000
Leave your comments on the idea. I am happy to read your views.
AUDUSD Analysis – Bullish Structure Still IntactAUDUSD is trading within a clear ascending channel on the H4 chart. After dropping from the FVG zone around 0.65800, price has reacted well to the lower boundary support near 0.64650.
Currently, price action suggests the potential formation of a short-term bottom. If this level holds and the pair rebounds, the next target could be the red FVG zone near 0.65400.
Recent Supporting News:
U.S. consumer confidence slightly weakened, causing the dollar to cool off — offering technical rebound support for AUD.
Trading Strategy:
Prefer short-term Buys near 0.64650 if a confirmed bounce appears, with target around 0.65400. Be cautious if price breaks below the ascending channel.
Do you think AUD will continue to rise within this bullish channel?
XAUUSD – Is gold getting ready to bounce?Right now, gold is reacting around the 3,280 support zone after breaking down from its previous ascending channel. While the broader trend is still under bearish pressure, the recently released JOLTS data came in lower than expected, signaling that the U.S. labor market may be cooling — a mildly positive sign for gold.
From a technical view, price is showing signs of forming a short-term bottom near 3,229 and is starting to rebound. If gold can hold above this support and break through 3,339, a recovery toward the 3,360–3,400 zone could unfold.
That said, this bounce is likely just a technical correction. Without more bearish news for the dollar, gold still risks being rejected around the FVG area and heading lower again.
Trading idea: Consider short-term Buy opportunities if price stays above 3,280 and forms a clear reversal pattern. Stop-loss below 3,229. Short-term targets: 3,339–3,360.
What about you? Leaning towards buying the dip or staying with the downtrend?
USDJPY – Bearish Pressure Builds Near Channel TopUSDJPY is approaching strong resistance around 149.900, a level that has repeatedly triggered price rejections. The ABCD structure suggests the current bullish correction may be nearing completion. If price fails to break above this zone, selling pressure could emerge.
On the news front, Japan’s core inflation remains elevated, reinforcing expectations that the BOJ will maintain its current stance. Meanwhile, the U.S. dollar is losing momentum after a series of mixed economic data releases.
Strategy: Consider SELL opportunities if clear reversal signals appear near 149.900. A short-term target lies around the 148.200 support zone. A confirmed break below this level could signal the start of a deeper bearish move.
GBPJPY – Bearish pressure returns near ascending channel supportGBPJPY is trading close to the lower trendline of the ascending channel, with the 197.400 zone acting as a key support. A breakdown below this level could trigger stronger bearish momentum.
On the news front, Japan’s CPI remains solid, strengthening the yen. Meanwhile, the British pound is under pressure after recent consumer spending data showed signs of weakness, raising concerns over the UK’s economic outlook.
Strategy: If the price breaks below 197.400 and fails to bounce back, consider SELL setups in line with the bearish trend. If it rebounds, watch the reaction around the 199.100 zone for signs of recovery confirmation.
Surely the RBA Must Cut Rates Now?The RBA defied expectations of a cut in July, despite soft trimmed mean inflation figures in the monthly CPI report. The quarterly figures have now dropped, which I suspect leaves little wriggle room to hold at 2.85% in August. I 6ake a look at the quarterly and monthly inflation prints that matter, then wrap up on AUD/USD.
Matt Simpson, Market Analyst at City Index and Forex.com