USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.900 support and resistance area.
Trade safe, Joe.
SELL
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 93,774.
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EUR/USD Weakens but Uptrend Structure Remains IntactThe EUR/USD pair declined to around 1.0425 during late U.S. trading on Wednesday. Concerns over U.S. tariff policies under President Donald Trump and geopolitical tensions have strengthened the U.S. dollar, creating a barrier for the pair’s recovery.
Despite the decline, EUR/USD still holds its upward momentum within a gradually rising price channel. A reversal remains possible as long as buyers defend the trendline support effectively.
Will EUR/USD regain its strength, or will bearish pressure take over?
GOLD BEARISH BIAS RIGHT NOW| 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 2,807.382 level.
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Gold Prices Surge to a New RecordToday, global gold prices continue their strong rally, reaching a new all-time high of $2,955 per ounce, moving closer to the $3,000 mark.
This surge is driven by increased safe-haven demand, as investors react to fears of a global trade war following President Donald Trump’s new tariff threats. Additionally, continued gold purchases by central banks have further contributed to the price surge.
Forecast:
📌 Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce.
📌 If concerns over U.S. debt escalate, gold could reach $3,250 per ounce by December 2025.
🚀 With strong momentum, will gold break above $3,000 soon?
EUR/USD Extends Gains – Will the Uptrend Continue?EUR/USD continues its upward movement, in line with Friday’s trend, confirming our previous predictions and strategy. The pair is trading around 1.0500, with buyers still defending the price channel.
Later on Friday, the HCOB Manufacturing and Services PMI data for Germany and the Eurozone will be released. If the data is positive, EUR/USD could continue its bullish momentum, aiming for the upper boundary of the parallel price channel.
💬 What are your thoughts on EUR/USD? Will the bullish trend hold?
USOIL Will Go Down! Short!
Here is our detailed technical review for USOIL.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 7,215.2.
The above observations make me that the market will inevitably achieve 6,999.3 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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EURNZD Is Bearish! Sell!
Please, check our technical outlook for EURNZD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.819.
Considering the today's price action, probabilities will be high to see a movement to 1.806.
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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SPX500USD Will Go Lower! Sell!
Please, check our technical outlook for SPX500USD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 6,122.6.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 6,074.3 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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NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.515 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H 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 1.769 area.
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GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 1.974 level area with our short trade on GBP/AUD 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/USD Poised for a Breakout – Real Move or Fakeout?EUR/USD continues its sprint within an ascending channel, fluctuating between support at 1.0403 and resistance at 1.0596. While buyers are trying to maintain control, the 1.0532 resistance remains a tough barrier to break.
The upcoming Manufacturing PMI data will be the key catalyst for the next move. If the report exceeds expectations, the euro could surge toward 1.0600. On the other hand, a weak reading may trigger a pullback toward lower support levels.
Trading Strategy:
Buy Setup: Wait for a retest of 1.0403, enter long on confirmation, targeting 1.0532 – 1.0596, with a stop-loss at 1.0380.
Sell Setup: If price fails to break 1.0596, consider short positions targeting 1.0532 – 1.0403, with a stop-loss at 1.0620.
Breakout Play: A strong breakout above 1.0596 could open the door for a rally toward 1.0650 – 1.0700.
Note: The PMI data release could be the trigger for EUR/USD's next explosive move – stay alert!
USDCHF Bullish Flag: Breakout Targeting 0.94000USDCHF is currently trading at 0.90200, with a bullish flag pattern forming, signaling a potential breakout toward the 0.94000 target. The bullish flag is a continuation pattern that typically follows a strong upward move, followed by a period of consolidation before the next leg higher. If the price successfully breaks above the flag’s upper trendline, it could trigger a bullish wave, pushing USDCHF toward its next resistance levels.
From a technical perspective, the flag’s consolidation phase suggests temporary indecision in the market. However, as long as the price remains above key support levels and breaks out with strong volume, the bullish momentum is likely to continue. A confirmed breakout above the resistance could provide an entry opportunity for traders aiming for the 0.94000 target.
Fundamentally, the US dollar remains supported by the Federal Reserve’s cautious stance on interest rate cuts. Recent economic data from the US, including inflation figures and labor market strength, have kept the dollar strong against the Swiss franc. Meanwhile, the Swiss National Bank (SNB) maintains a relatively dovish stance, which could further weaken CHF and support the bullish case for USDCHF.
In summary, USDCHF is forming a bullish flag pattern, awaiting a breakout for further upside movement. A strong breakout above the resistance level could trigger a rally toward 0.94000, supported by both technical and fundamental factors. Traders should closely monitor price action and key economic events to confirm the bullish continuation.
XAU/USD: Calm Before the Storm or Just a Pause?Gold (XAU/USD) remains steady near $2,950, despite hawkish signals from the FOMC minutes. Meanwhile, rising trade tensions and concerns over new tariffs from the Trump administration continue to fuel demand for the safe-haven metal.
On the 4H chart, price is moving sideways, stuck between support at $2,875 and resistance at $2,945. The bullish momentum seems to be weakening as it approaches key resistance, but buyers are not backing down just yet.
Trading Strategy:
Buy Setup: Wait for a retest of $2,875 support, enter long upon confirmation of a reversal, targeting $2,945, with a stop-loss at $2,860.
Sell Setup: If price fails to break $2,945, consider short positions targeting $2,875, with a stop-loss at $2,955.
Breakout Play: A strong breakout above $2,945 could trigger an extended rally toward $2,970 - $3,000.
Note: Gold’s next major move will depend on global trade developments. If tensions escalate, expect another explosive bullish run!
SHORT ON NAS100Nas has been failing to break highs.
Highs continue to get Lower coming from a major resistance area.
Telsa, Amazon and others facing back lash for many political reasons. (negative)
I will be selling nas before unemployment news today that expect more people to be unemployed. (negative)
News could set this trade on Fire to the downside.
EURUSD Will Fall! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.043.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.041 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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DXY Is Very Bearish! Short!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 106.963.
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 106.002 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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GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/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 1.129.
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EUR/USD Ends Bullish Streak, Entering Short-Term DowntrendEUR/USD has ended its upward momentum and is now adjusting to a short-term bearish trend. The pair is currently trading within a descending channel, moving around 1.0460, with sellers holding an advantage as indicated by EMA 34 and 89 signals.
My strategy will be to focus on key channel boundaries to determine appropriate buy or sell opportunities. If the channel breaks, we will wait for a breakout retest before entering new trades.
💬 What are your thoughts on EUR/USD? Are you expecting further downside?
GBP/USD: On the Edge – Breakout or Breakdown?GBP/USD is locked in a tug-of-war around the 1.2637 zone, but history suggests that this level has rejected buyers at least twice before. The shadow of resistance looms large, and if history repeats itself, a strong correction could be on the horizon.
On the 4H chart, price is stuck between the EMA 34 and EMA 89, showing clear signs of weakening momentum. If GBP/USD fails to break through 1.2637, it risks sliding down to 1.2532 and even 1.2454 – where key support is patiently waiting.
Warning: The upcoming UK Retail Sales data will act as the key catalyst. If the numbers exceed expectations, GBP may hold its ground. However, if the data disappoints, the fall could happen faster than expected!