USDCHF: Expecting Bullish Continuation! Here is Why:
Looking at the chart of USDCHF right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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Forex
GOLD: Short Signal Explained
GOLD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 2996.0
Stop Loss - 3001.2
Take Profit - 2986.7
Our Risk - 1%
Start protection of your profits from lower levels
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AUDJPY Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The instrument tests an important psychological level 94.592
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 - 93.776
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURUSD Massive Short! SELL!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0918
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0894
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
USOIL Will Go Higher From Support! Long!
Please, check our technical outlook for USOIL.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 67.592.
Considering the today's price action, probabilities will be high to see a movement to 71.123.
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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EURUSD Will Go Up From Support! Buy!
Here is our detailed technical review for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.091.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.094 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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EURCAD Will Go Lower! Short!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.562.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.534 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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AUDJPY Will Go Down! Sell!
Please, check our technical outlook for AUDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 94.552.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 94.086 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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GOLD BEARISH BIAS RIGHT NOW| SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 2,989.37
Target Level: 2,923.90
Stop Loss: 3,032.89
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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AUD/NZD BULLS ARE STRONG HERE|LONG
Hello, Friends!
AUD/NZD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 3H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.100 area.
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CAD/CHF SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the CAD/CHF with the target of 0.605 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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USD-CAD Bearish Breakout! Sell!
Hello,Traders!
USD-CAD kept bouncing
Off of the horizontal support
Of 1.4355 but then it was
Finally broken and the breakout
Is Confirmed so we are locally
Bearish biased and we will be
Expecting the pair to go
Further down
Sell!
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Silver Climbs on Weak Inflation DataSilver surged toward $33.90 an ounce, its highest since late October with ongoing trade tensions and rising Fed rate cut expectations after weak U.S. inflation data.
Trump threatened 200% tariffs on European wines in response to the EU’s 50% tariff on U.S. whiskey, further heightening market uncertainty. U.S. producer prices remained flat in February in the meantime, consumer inflation rose just 0.2%, and jobless claims declined, signaling a resilient labor market.
If silver breaks above $34.00, the next resistance levels are $34.85 and $35.00. On the downside, support is at $33.80, with further levels at $33.15 and $32.75 if selling pressure increases.
Gold's Record Week: $2,980 MilestoneGold surged above $2,980 per ounce, hitting a record and heading for a 2% weekly gain as risk aversion and Fed rate cut expectations grew. Trump escalated trade tensions, threatening a 200% tariff on European wines after the EU's 50% tax on U.S. whiskey.
February's PPI and CPI data showed easing inflation, increasing Fed flexibility for rate cuts, and raising gold's appeal. Strong ETF inflows and continued central bank purchases, with China extending its buying for a fourth month, further supported prices.
Key resistance stands at 3000, with further levels at 3045 and 3100. Support is at 2980, followed by 2916 and 2885.
XAU/USD: Another ATH (All Time High) Ahead? (READ THE CAPTION)By analyzing the gold chart in the 2-hour timeframe, we can see that the price has finally made its big move, just as we predicted! After a correction to $2905, demand increased, pushing the price up by over 400 pips to $2949.
Currently, gold is trading around $2940, and there are two key scenarios:
1️⃣ Holding support at $2940, leading to a rise above $2950 as the first target.
2️⃣ Breaking below $2940 and stabilizing under it, which could trigger a further correction to $2923.
This analysis will be more complete with your support, and more details will be added soon!
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Best Regards , Arman Shaban
Pound Drops to $1.29 After Unexpected ContractionThe British pound fell to $1.29 after UK GDP unexpectedly shrank by 0.1% in January, missing forecasts of 0.1% growth, mainly due to weakness in the production sector.
The Bank of England recently cut its Q1 growth forecast to 0.1% from 0.4%, with rates expected to stay at 4.5% in next week’s policy decision. Markets also await Chancellor Rachel Reeves' fiscal plans and the OBR’s economic outlook on March 26. Meanwhile, US economic concerns and trade tensions have limited the pound’s losses.
If GBP/USD breaks above 1.2980, the next resistance levels are 1.3050 and 1.3100. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
Euro Climbs on German Deal, Awaits Fitch RatingThe euro climbed toward $1.09, nearing its highest since early November, as Germany agreed on debt reform and increased spending. Chancellor-elect Friedrich Merz secured a deal with the Green and Social Democrat parties ahead of next week’s parliamentary vote.
Markets await Fitch’s rating decision on France, which is due after Friday’s close. Meanwhile, trade tensions rose as Trump threatened a 200% tariff on European wines in response to the EU’s tax on American whiskey. On geopolitics, Trump called his talks with Putin on Ukraine “very good,” expressing optimism for a resolution.
Key resistance is at 1.0950, followed by 1.1000 and 1.1050. Support stands at 1.0800, with further levels at 1.0730 and 1.0650.
Yen Gains on Rate Hike ExpectationsThe Japanese yen traded around 148.6 per dollar on Monday, near a five-month high, as expectations for BOJ rate hikes remained strong. However, the central bank is expected to keep its policy unchanged in this week’s meeting.
Major Japanese firms approved wage hikes for the third year, boosting consumer spending and inflation, and potentially allowing future rate increases. The yen also gained from dollar weakness as US economic concerns and trade policies pushed investors toward safe-haven currencies like the yen and Swiss franc.
Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
EURUSD Head and Shoulders triggering a sell.The EURUSD pair is about to complete a Head and Shoulders (H&S) pattern on the 4H time-frame and so far it is keeping the 4H MA50 (blue trend-line) intact. The last H&S formation we saw was completed on January 30 and it resulted in a -3.06% drop.
Given that the longer term pattern is a Bullish Megaphone with the H&S being on its top and the 4H RSI displaying the same Bearish Divergence it did in late January, we expect a similar pull-back to occur. Our Target is 1.06150, representing both a potential -3.06% drop and a contact with the 4H MA200 (orange trend-line).
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GBPUSD: UP After the News 🇬🇧🇺🇸
GBPUSD looks bullish after the release of the US news.
I see a bullish breakout of a resistance line of a falling wedge pattern.
The price is going to retest the current high first - 1.2987,
and continue growing to 1.3 level then.
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EURJPY forming a top?EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 162.36.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 162.30 (stop at 163.22)
Our profit targets will be 159.68 and 157.60
Resistance: 164.15 / 166.70 / 169.90
Support: 160.75 / 159.35 / 157.60
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