SELL
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59600 zone, NZUDSD is trading in a downtrend and currently is in a correction phae in which it is approaching the trend at 0.59600 support and resistance area.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area.
Trade safe, Joe.
NAS100USD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NAS100USD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 20,946.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 20,451.1 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.
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USOIL Will Go Lower! Short!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 68.67.
Considering the today's price action, probabilities will be high to see a movement to 66.63.
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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EURGBP Will Move Lower! Sell!
Please, check our technical outlook for EURGBP.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.833.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.828 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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AUDNZD Is Going Down! Sell!
Please, check our technical outlook for AUDNZD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.111.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.108 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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EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 zone, EURUSD 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 at 1.05100 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance area.
Trade safe, Joe.
SPX500USD Is Bearish! Short!
Here is our detailed technical review for SPX500USD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,994.0.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,864.5 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!
GOLD Is Very Bullish! Buy!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,625.735.
The above observations make me that the market will inevitably achieve 2,672.574 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPAUD Will Fall! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.934.
Considering the today's price action, probabilities will be high to see a movement to 1.928.
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!
GBP/CAD SENDS CLEAR BEARISH SIGNALS|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 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 1.759 area.
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GBP/USD: Downtrend Holds Firm, Key Support in SightThe GBP/USD pair is trading around 1.2557, maintaining its downward trajectory as it fails to reclaim the resistance level at 1.2592. The pair continues to face selling pressure, with the prevailing downtrend keeping momentum in favor of the bears.
Immediate focus now shifts to the critical support zone near 1.2500, where some temporary buying interest may emerge. However, a break below this level could pave the way for further declines toward 1.2450, with the broader target potentially at 1.2400.
Any short-term pullbacks into the resistance range of 1.2592–1.2650 are expected to attract renewed selling pressure. The 50-period moving average also reinforces this zone as a significant barrier to any bullish attempts.
With bearish momentum firmly in control, GBP/USD presents opportunities for sellers to capitalize on short positions while monitoring for key breakouts below the 1.2500 support level.
Gold price continues to recoverLast week, gold posted an impressive gain of over $150 per ounce, recovering strongly across all trading sessions. This remarkable performance highlights the unwavering confidence of investors in the precious metal, particularly during times of economic and geopolitical turmoil.
From a personal perspective, gold's upward momentum is expected to remain supported by safe-haven demand as geopolitical tensions continue to escalate. Additionally, the "buy-the-dip" activity during minor corrections has helped sustain gold prices at elevated levels.
In the short term, if gold holds above the critical $2,700/ounce mark, the likelihood of it advancing to $2,800/ounce increases significantly. Moreover, optimistic forecasts suggest that gold could reach $3,000/ounce by next year, despite the challenges posed by a strong US Dollar and rising US bond yields.
Gold continues to solidify its role as a "safe harbor" during uncertain times. With its current upward trajectory, the precious metal remains a highly attractive asset, drawing robust interest from investors across the globe.