SILVER SHORT FROM RESISTANCE
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Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 29.300.
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SELL
AUD/USD BEARS WILL DOMINATE THE MARKET|SHORT
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AUD/USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.616 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 AUD/USD pair.
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NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
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NZD/USD 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 0.560 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/USD BEARS ARE GAINING STRENGTH|SHORT
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GBP/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H 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 1.212 area.
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USD/JPY - Short Entry based on Price action MACD and RSI DivThis is going to be my first published trade of 2025. I am going to start with $100 Dollar Account and see how I can grow it with Low Leverage on OANDA. I know this is something people talk a lot about and this can be a very cringe topic. However I am not looking to grow the $100 Dollars over night to $1,000,000.00. I am like the indicators I am using looking to do this over a longer horizon of time.
I am going to start by using Price action plus these 3 Indicators on a regular basis. I Will also be trying to Identify and use Key areas of Support and Resistance. I am still trying to better understand volume profiles so if anyone has any inputs or can help guide me in that direction I am open to discussions.
Thanks for reading.
USDJPY Is Very Bearish! Sell!
Please, check our technical outlook for USDJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 156.291.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 154.540 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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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,659.028 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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AUD/JPY BEST PLACE TO SELL FROM|SHORT
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It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 96.652 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Bearish trend on NZD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 87.200.
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USD/JPY: Consolidation Ahead of Big MoveLooking at the 4-hour chart of USD/JPY, I see the pair is currently trading around 155.79, with a notable reaction at the support area near 155.50. The 34 EMA and 89 EMA have started to widen their gap, indicating that the bearish pressure is still in place. However, the 155.50 price zone acts as an important psychological support, creating a temporary balance between buyers and sellers.
The 34 EMA acts as dynamic resistance near 156.20. If the price fails to break above this level, the downtrend is likely to continue.
A break below 155.50 could drag the price to test deeper support at 154.80 – a strong support level in previous sessions.
Conversely, if the price breaks above the 34 EMA, the pair could test the higher resistance at 156.80, near the 89 EMA.
GBP/USD: Consolidation at Key SupportLooking at the 4-hour chart of GBP/USD, I see that the pair is currently trading around 1.2202, with signs of consolidation at a strong support zone. The 34 EMA and 89 EMA are still sloping down, indicating that the bearish bias is still dominant. However, the gap between the price and the EMA is narrowing, which could be a sign that the bearish pressure is waning.
In addition, the pair has successfully tested the 1.2170 support zone in recent sessions, creating a solid foundation for a short-term recovery. To break this consolidation, the price needs to overcome the dynamic resistance at the 34 EMA, located around 1.2230. If this happens, the next target will be the 1.2300 zone – a strong psychological resistance.
EUR/USD: Will It Recover or Continue Downtrend?Looking at the daily chart of EUR/USD, I see that the pair is moving within a clear bearish channel. Currently, the price is hovering around 1.0297, near the center line of the channel. The EMA 34 and EMA 89 are still sloping down, confirming the long-term downtrend. However, a small divergence at the support level suggests a potential short-term recovery.
It is worth noting that the price is testing a dynamic resistance zone, near the EMA 34, around 1.0300. If the price fails to break above this level, selling pressure could increase, dragging the price down to the 1.0200 area, or even the bottom of the channel around 1.0100. Conversely, if the price breaks above the EMA 34 and breaks the channel, the next target could be the 1.0400 area.
Gold Gains Amid Low US Inflation – More Upside Ahead?
Looking at the gold price action on the 4-hour chart, I see some technical signals supporting the possibility of a price increase. Currently, the price is hovering around $2,699 and maintaining above the EMA 34 ($2,693) and EMA 89 ($2,672). This shows that the uptrend is still dominant. At the same time, the price bounced after touching near the EMA 34 in the recent session, reinforcing the important support role of this area.
The arrangement of the EMAs still supports the uptrend, with the EMA 34 above the EMA 89. This combined with the recovery momentum from technical support creates expectations that the price will test the important resistance zone at $2,728. A break of this level would open the possibility of a price increase to the $2,750 area and higher. However, it should be noted that the support zone at $2,693 (34 EMA) will be the first line of defense if the price corrects. If the price breaks this zone, selling pressure could push the price down to the $2,672 (89 EMA) zone.
Fundamentals: Lower-than-expected inflation data has reinforced expectations that the US Federal Reserve (FED) will continue to cut interest rates, which will weaken the USD and increase the appeal of gold as a safe-haven asset. At the same time, investors are still waiting for economic policy information after Donald Trump returns to the White House.
I see gold in a short-term consolidation but has the potential to bounce if it breaks the important resistance zone. Watch the $2,728 zone closely to assess the next market momentum.
NAS100USD Is Going Down! Short!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,454.6.
The above observations make me that the market will inevitably achieve 20,638.8 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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USOIL SHORT FROM RESISTANCE
Hello, Friends!
USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 72.06 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 USOIL pair.
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GBPJPY Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 190.800 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 190.800 support and resistance area.
Trade safe, Joe.
GBPCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.11500 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11500 support and resistance area.
Trade safe, Joe.
ETHUSD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for ETHUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 3,267.2.
Considering the today's price action, probabilities will be high to see a movement to 2,920.3.
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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EURNZD Will Go Lower! Short!
Please, check our technical outlook for EURNZD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.839.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.826 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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SPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
SPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H 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 586.47 area.
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