USDCHF Will Fall! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.897.
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 0.879 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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SELL
CADCHF Will Go Down From Resistance! Short!
Take a look at our analysis for CADCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.631.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.625 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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USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
USOIL is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 69.95 level.
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CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-CHF 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 0.621.
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AUD/CHF SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the AUD/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 0.569.
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XAUUSD : Trading Plan Today ⭐️ Market Summary:
✅ Spot gold (XAU/USD) hit a new ATH at $2,954 before plunging sharply to the $2,920s zone.
✅ Trade war fears between the U.S. and major economies continue to drive volatility.
✅ The U.S. Treasury Secretary provided positive signals regarding U.S.-Russia relations and the gold reserve strategy.
✅ Geopolitical tensions in Russia-Ukraine and the Middle East remain high.
⭐️ Trading Plan:
On the H1 chart, gold has started to decline and is currently reacting to the EMA 34-89.
If the price breaks below $2,920, a short-term downtrend may be confirmed.
It's Friday, so consider reducing trading volume to manage risk.
⭐️ Key Levels to Watch:
📌 BUY ZONES: $2,915 - $2,920, $2,875 - $2,880
📌 SELL ZONE: $2,980 - $2,985
🚀 Wishing everyone a successful trading session!
USDCHF Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.90200 zone, USDCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area.
Trade safe, Joe.
USD/JPY Weakens Further Despite USD RecoveryUSD/JPY continues to decline, facing strong bearish pressure despite the USD’s recovery.
Currently, the pair is trading around 150.250, with the downtrend confirmed after breaking below key support levels. Bearish structures keep repeating, with no clear signs of reversal yet.
EUR/CHF SHORT FROM RESISTANCE
Hello, Friends!
EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.935 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 EUR/CHF pair.
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GBPUSD GBP/USD holds steady after recording two consecutive days of losses, trading around 1.2590 during the Asian session on Thursday.
However, the pair remains under pressure, as concerns over U.S. tariffs proposed by President Donald Trump continue to support the U.S. dollar, limiting GBP/USD’s recovery.
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.
USD/JPY: Facing the Abyss – Escape or Free Fall?USD/JPY is locked in a fierce battle between bulls and bears, but the "bears" are clearly in control. The price is sinking below the EMA 34 & EMA 89 on the 4H chart, sliding down a descending channel like a runaway car with no brakes. With Japan's Manufacturing PMI set for release, the market is bracing for the final blow to this currency pair.
The bulls are holding their ground, but can they withstand the 152.29 resistance, a level that has stood firm in the past? If they fail, a slide toward 148.66 will only be a matter of time!
Warning: Japan's PMI will be the ultimate trigger. If the data comes in weaker than expected, JPY could lose momentum. However, if it beats forecasts, USD/JPY might go into free fall with no safety net!
USD/JPY Continues to DeclineUSD/JPY continues its decline in Wednesday’s trading session, remaining capped below the 152.14 resistance level. The pair has formed two short-term peaks, and technical indicators are signaling bearish dominance, particularly with a reversal from the EMA 34 and 89.
📉 My target is to sell, aiming for the support level at 151.299.
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USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY fora selling opportunity around 151.800 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 151.800 support and resistance area.
Trade safe, Joe.
GBP/USD Maintains Short-Term Uptrend – Can It Break Higher?GBP/USD continues its short-term uptrend, trading steadily around 1.2600 during Friday’s session. The bullish momentum is mainly driven by positive UK economic data and a slightly weaker USD, allowing the British pound to maintain its recovery.
From a fundamental perspective, the UK labor market remains stable. The unemployment rate holds at 4.4%, while employment increased by 107,000 in the last three months of 2024. These strong figures reinforce expectations that the Bank of England (BoE) may continue its cautious monetary policy, rather than rushing to cut interest rates like the Federal Reserve (Fed).
From a technical analysis standpoint, the bullish trend remains intact as GBP/USD trades within an ascending price channel and above the EMA 34 and 89, indicating that buying pressure remains dominant. Currently, GBP/USD is testing a key resistance level at 1.2600. If it breaks above this zone, the next targets will be 1.2650 - 1.2700.
SPX500USD Will Go Down From Resistance! Short!
Take a look at our analysis for SPX500USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 6,134.7.
The above observations make me that the market will inevitably achieve 6,040.9 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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ETHUSD Will Go Lower! Sell!
Please, check our technical outlook for ETHUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,711.4.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,156.7 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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GBPJPY Will Go Down! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 191.536.
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 188.947 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.
Like and subscribe and comment my ideas if you enjoy them!
AUDCHF Will Move Lower! Sell!
Take a look at our analysis for AUDCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.575.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.571 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.
Like and subscribe and comment my ideas if you enjoy them!
EUR/USD Bullish Momentum – Buy Opportunity?Hello everyone! Let’s analyze EUR/USD together today!
Currently, EUR/USD is targeting higher levels, supported by repeated BOS (Break of Structure) patterns. The bullish momentum remains strong, reinforced by the price trading above EMA 34 and 89, along with the ascending trendline.
My strategy: I plan to buy near the trendline support for an optimal entry.
What about you? Do you think buying EUR/USD is the right move?