GOLD Will Go Down From Resistance! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 3,373.02.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 3,354.03 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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Forex
EURJPY Is Going Up! Long!
Please, check our technical outlook for EURJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 166.677.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 167.654 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPUSD Is Very Bearish! Sell!
Take a look at our analysis for GBPUSD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.357.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.351 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURJPY - Over-Bought Big Time!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURJPY has been overall bullish trading within the rising channel marked in blue. However, it is currently retesting the upper bound of the channel.
Moreover, the green zone is a major weekly supply.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and weekly supply.
📚 As per my trading style:
As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 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.
NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
NZD/JPY SIGNAL
Trade Direction: short
Entry Level: 87.077
Target Level: 84.490
Stop Loss: 88.805
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the AUD/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 93.835.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BITCOIN SENDS CLEAR BULLISH SIGNALS|LONG
BITCOIN SIGNAL
Trade Direction: long
Entry Level: 104,672.03
Target Level: 107,484.65
Stop Loss: 102,785.72
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the GBP/USD with the target of 1.344 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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 0.636 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 105,952.89
Target Level: 102,605.64
Stop Loss: 108,184.39
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR/CHF SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the EUR/CHF with the target of 0.938 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/CHF 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 1.094 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Mechanical rangesMany traders will talk about things like "Smart Money Concepts" (SMC) and think they have found something new.
The truth is, everything in trading stems back to Liquidity.
There is no "Algo" nobody is out to get you specifically. The market is always right, where you position yourself is your own choice.
I have written several posts on mechanical trading, recorded a number of streams. The more mechanical you can make the process, the less the emotions have a chance to kick your ass.
Let me give you a very simple method of being able to identify the ranges. Ignore the timeframes as this will work on any of them, on most instruments. (I say most, as some behave differently due to how it attracts liquidity). Lets assume high end crypto such as Bitcoin (BTC) and of course Forex in the general sense, stocks, commodities etc.
This is simple - only 2 rules.
You start by zooming out and giving yourself a general feel for the trend.
Let's say this looks to be an uptrend - we now need to understand the rules.
An opposing candle can simply be defined by a different colour. If the trend is up (Green) and we see a red candle - then it's an opposing candle.
The inverse is true, if we are down and the trend is Red. Then a Green candle would be opposing.
This is only half of the story. The second rule is a pullback candle or even a sequence of candles. This simply means either the very same opposing candle that doesn't make a new high or low (depending on the trend up not making fresh highs or down not taking new lows).
In this image, you can see we have in one candle both an opposing and pullback in one candle. This means we can now mark the high of the range. Working backwards to identify the swing range low.
This easy method means I can draw a range exactly the same and mechanically every single time.
Giving me a mechanical range.
We could then get a lot more technical by looking for liquidity, 50% of the range or places such as supply or demand areas.
But these are all for other posts.
For now, getting a range on the higher timeframes means you can work down and down into a timeframe you are likely to want to trade on.
These ranges will give clues to draws and runs of liquidity.
This will also help identify changes in the character and fresh breaks of structure.
Here's another post I posted on the mechanical structures and techniques.
More in the next post.
Have a great week!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principal trader has over 25 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Bearish momentum to meet support on USDCAD: Looking for a bounceEvening, just wanted to share what I’m seeing on the USDCAD chart
Price on USDCAD has been in clear bearish momentum, but we’re now approaching a strong support zone, that’s held firm multiple times before, as I marked it on my chart. Price is approaching the zone again and I am taking it into account for a potential bounce.
I’ll be watching for bullish confirmation as usual requirement before entering. If that support holds, I’m targeting 1.38400 , totally achievable if momentum shifts.
BUT, if this zone breaks with momentum, I’ll reassess it and stay flexible.
💡 Reminder: Patience is power, no entry until price shows me something worth reacting to. This is not financial advice.
ETH BUY BIASEthereum (ETH/USD) – Weekly Chart Summary
• Current Price: ~$2,250
• Trend: Bearish structure with lower highs and lower lows
• Key Zones:
• Support (Demand): $1,800–$2,000 and $1,400–$1,700
• Resistance: $2,800–$3,600 (liquidity zone)
• 200-Week MA: Acting as dynamic support near current levels
• Outlook: Potential drop into demand zones, followed by a strong bullish reversal targeting the $3,200–$3,600 region
• Risk: Failure to hold $1,800 could trigger deeper losses
📈 Bias: Wait for price to reach key demand zones before entering long positions.
SDJPY BULLISH OR BEARISH DETAILED ANALYSISUSDJPY has successfully broken out of the symmetrical triangle structure that has been forming since early April, with today’s daily candle showing strong bullish momentum above the resistance zone around 147.500. The breakout is clean and backed by volume, which suggests that bulls are in full control. Price action is respecting the trendline structure and has now confirmed a fresh higher high, setting the stage for the next bullish leg. My immediate upside target for this move stands at 157.900.
Fundamentally, the divergence between the Federal Reserve and the Bank of Japan continues to widen. The Fed remains hawkish with inflation still sticky in the US and interest rate cuts being pushed further out. In contrast, the Bank of Japan remains ultra-dovish, with no major policy tightening in sight and continued yield curve control. This policy mismatch is keeping the Yen under consistent selling pressure. Additionally, Japan's core inflation slipped again this week, further reducing the probability of any BOJ rate hike this quarter.
The technical breakout aligns perfectly with the macro narrative. A strong bullish candle breaking structure on the daily suggests momentum will likely continue. With no strong resistance until the 157.900 area, this setup offers a high-conviction long opportunity. Traders should watch for minor pullbacks toward 147.000–146.800 as potential re-entry or add-on zones.
With rising US bond yields, weak Japanese fundamentals, and breakout confirmation on the chart, USDJPY is now well-positioned for a continuation rally. This is a trend-following setup with solid fundamentals and momentum confirmation—ideal conditions for a profitable move in the current forex environment.
U
Market Analysis: USD/CAD Breaks HigherMarket Analysis: USD/CAD Breaks Higher
USD/CAD is rising and might aim for more gains above the 1.3765 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.3720 support zone.
- There is a key bullish trend line forming with support at 1.3740 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.3540 level. The US Dollar started a fresh increase above the 1.3600 resistance against the Canadian Dollar.
The bulls pushed the pair above the 1.3640 and 1.3700 levels. The pair cleared the 50-hour simple moving average and climbed above 1.3750. A high was formed at 1.3766 and the pair is now consolidating.
Initial support is near the 1.3740 level. There is also a key bullish trend line forming with support at 1.3740. The next major support is near the 1.3710 level or the 23.6% Fib retracement level of the upward move from the 1.3539 swing low to the 1.3766 high.
The main support sits near the 1.3650 zone on the USD/CAD chart. It is near the 50% Fib retracement level.
A downside break below the 1.3650 level could push the pair further lower. The next major support is near the 1.3595 support zone, below which the pair might visit 1.3540.
If there is another increase, the pair might face resistance near the 1.3765 level. A clear upside break above 1.3765 could start another steady increase. The next major resistance is the 1.3800 level. A close above the 1.3800 level might send the pair toward the 1.3880 level. Any more gains could open the doors for a test of the 1.4000 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Market Analysis: GBP/USD Dips Below SupportMarket Analysis: GBP/USD Dips Below Support
GBP/USD started a fresh decline below the 1.3620 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started another decline from the 1.3620 resistance zone.
- There was a break below a connecting bullish trend line with support at 1.3460 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3620 resistance zone. The British Pound started a fresh decline and traded below the 1.3550 support zone against the US Dollar, as discussed in the previous analysis.
The pair even traded below 1.3500 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3380 level. There was a recovery wave above the 1.3450 level and the 23.6% Fib retracement level of the downward move from the 1.3622 swing high to the 1.3382 low.
However, the bears were active near the 1.3500 zone and the 50% Fib retracement level. As a result, there was a fresh bearish reaction below a connecting bullish trend line with support at 1.3460.
Initial support on the GBP/USD chart sits at 1.3380. The next major support is at 1.3350, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.3200.
Immediate resistance on the upside is near 1.3440. The first major resistance is near the 1.3500 zone. The main hurdle sits at 1.3530. A close above the 1.3530 resistance might spark a steady upward move. The next major resistance is near the 1.3565 zone. Any more gains could lead the pair toward the 1.3620 resistance in the near term.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Cup of the Morning for DXYThe TVC:DXY seems to be forming a Cup and Handle Pattern on the 1Hr Chart!
Cup and Handle pattern is considered a strong Reversal Pattern where we should expect Bullishness for the USD.
After the 2nd or Equal High to the 1st was formed, Price made a Retracement to the 38.2% Fibonacci level and found Support to the begin forming the "Handle" or Consolidation Phase of the Pattern.
Price must Break and Close above the "Brim" or Equal Highs of the Cup @ 99.113 to Confirm the pattern!
Once confirmed, we can then look for price on DXY to rise up to the next level of Resistance in the 99.6 area!
EUR/AUD ShortEUR/AUD Short
Minimum entry requirements:
- 1H impulse down below area of interest.
- If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
- If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
- If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
- If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
CHFJPYCHFJPY price has a chance to adjust to 180.517-181.169 level. If the price cannot break through 181.169 level, it is expected that the price will drop. Consider selling in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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XAUUSD – Are the Bulls Back? Key Reversal Zone in PlayXAUUSD – Are the Bulls Back? Key Reversal Zone in Play
Gold has been consolidating in a tight range for several sessions, but both macro and technical indicators are pointing to a potential breakout. With volatility expected to rise, traders should keep a close eye on these high-probability zones.
🌍 Macro Overview – Is the Tide Turning for Gold?
📉 The Fed remains hawkish, but market sentiment has shifted, with over 65% probability priced in for a rate cut in September. This adds pressure on the dollar and offers upside potential for gold.
💸 10-year US Treasury yields are stabilizing, reducing the opportunity cost of holding gold and reigniting interest from risk-averse investors.
⚠️ Ongoing geopolitical risks in the Middle East and Eastern Europe continue to fuel demand for safe-haven assets.
🏦 Central banks, especially in China and India, are steadily increasing their gold reserves — a bullish long-term signal for the market.
📊 Technical Outlook – Watch the Fair Value Gap (FVG)
The 3325–3327 support zone aligns with an unfilled FVG on H1-H4 charts, providing a key area for bullish momentum to resume.
Sustained price action above this level may open a path toward 3360 and beyond.
Conversely, if price reaches the 3398–3400 resistance area and shows signs of exhaustion, it could trigger a short-term pullback.
✅ Trade Setup
🟢 BUY ZONE: 3327 – 3325
SL: 3320
TP Targets: 3330 → 3335 → 3340 → 3345 → 3350 → 3355 → 3360 →
🔴 SELL ZONE: 3398 – 3400
SL: 3405
TP Targets: 3395 → 3390 → 3386 → 3380 → 3375 → 3370 → 3360
⚠️ Final Thoughts
The gold market is approaching a decision point... With the PCE and US GDP data due this week, traders should expect a potential volatility spike.
Risk management remains key — wait for confirmation at key levels, stick to your plan, and don’t let emotions override discipline. This week could offer strong directional moves for gold, but only for those prepared.