AUD/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the AUD/CAD 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 0.879 level.
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SELL
NASDAQ Potential DownsidesHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 19,400 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 19400 support and resistance area.
Trade safe, Joe.
AUDUSD Will Go Down! Short!
Here is our detailed technical review for AUDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.638.
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 0.622 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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EURJPY Will Move Lower! Sell!
Take a look at our analysis for EURJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 162.022.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 159.493 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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Gold shows a bearish gapThe daily chart of gold shows a clear gap after the price peaked around $3,495/ounce. This is a warning sign of a reversal when strong selling pressure causes the opening price to be significantly lower than the closing price of the previous session. This gap often reflects distribution pressure from big players, especially in the context of gold having just experienced a hot rally.
In addition, the long red candle appearing right after the gap shows decisive selling pressure, pushing the price down to the $3,310/ounce area. Currently, although gold has slightly recovered to around $3,340, the short-term trend is leaning towards a correction as fundamental news continues to put downward pressure on prices.
President Trump's conciliatory statement on US-China trade and expectations of tariff reduction have significantly improved risk sentiment in the market. Strong money flows into stocks, causing gold to lose its safe-haven role. At the same time, the wave of profit-taking after the peak is also the main reason why gold "evaporated" tens of USD in just 24 hours.
Technically, if gold does not soon fill the GAP around the $3,390–$3,420 area, the correction trend will likely continue to expand to the EMA34 support area around the $3,200–$3,250 mark. A more positive scenario will only be triggered if gold regains the GAP and closes above $3,430.
In the current context, investors need to be cautious, prioritizing the strategy of waiting to sell when recovering to the resistance area, especially the area around the unfilled GAP.
BITCOIN BEST PLACE TO SELL FROM|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 92,665.30
Target Level: 86,001.16
Stop Loss: 97,096.62
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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NZD/JPY SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so NZD-JPY 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 83.709.
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CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CAD/JPY 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 101.200.
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USD/JPY(20250424)Today's AnalysisMarket News:
The United States hit a 16-month low in April. The total number of new home sales in the United States in March was an annualized to a new high since September 2024.
Technical analysis:
Today's buying and selling boundaries:
142.82
Support and resistance levels:
144.93
144.14
143.63
142.01
141.50
140.71
Trading strategy:
If the price breaks through 143.63, consider buying, the first target price is 144.14
If the price breaks through 142.82, consider selling, the first target price is 142.01
GBPJPY Potential DownsidesHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 189.100 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 189.100 support and resistance area.
Trade safe, Joe.
Gold Drops Shock: Breaking Up the Upward ChannelThe 4-hour chart of gold shows a clear scenario of breaking the upward channel. After reaching a peak of nearly $3,495/ounce, the gold price has plummeted and is currently fluctuating around $3,325 – close to the EMA89 support and in the accumulation zone (green box) as per technical analysis. The EMA34 line has also been penetrated, confirming that the medium-term uptrend is losing strength.
This decline is not only due to technical factors but also due to the influence of political and economic information. President Trump's statement about not firing the FED Chairman and the expectation of future interest rate cuts have helped the risk sentiment recover. US stocks have rebounded strongly, causing investors to withdraw capital from gold – a safe-haven asset – and return to stocks.
Combining both technical and news factors, this deep decline is largely due to the reversal of market sentiment and strong profit-taking pressure after a prolonged increase. The chart pattern also suggests that the price may continue to fluctuate in the $3,280–$3,340 range to consolidate before a new round of volatility. If it breaks below the green box, gold could continue to correct deeper towards the $3,200 mark.
GBPJPY Will Fall! Short!
Please, check our technical outlook for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 189.024.
Considering the today's price action, probabilities will be high to see a movement to 187.906.
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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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
AUD/JPY SIGNAL
Trade Direction: short
Entry Level: 90.909
Target Level: 88.668
Stop Loss: 92.394
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 186.077 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 GBP/JPY pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.032 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bitcoin Potential DownsidesBINANCE:BTCUSDT Hey Traders, in today's trading session we are monitoring BTCUSD for a selling opportunity around 89,500 zone, Bitcoin is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 89,500 support and resistance area.
Trade safe, Joe.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 141.600 zone, USDJPY is trading in downtrend and currently is in a correction phase in which it is approaching the trend at 141.600 support and resistance area.
Trade safe, Joe.
GOOG Alphabet Options Ahead of EarningsIf you haven`t bought GOOG before the previous rally:
Now analyzing the options chain and the chart patterns of GOOG Alphabet prior to the earnings report this week,
I would consider purchasing the 170usd strike price Calls with
an expiration date of 2025-7-18,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AAL American Airlines Group Options Ahead of EarningsIf you haven`t bought the dip on AAL:
Now analyzing the options chain and the chart patterns of AAL American Airlinesprior to the earnings report this week,
I would consider purchasing the 9usd strike price Puts with
an expiration date of 2025-5-2,
for a premium of approximately $0.44.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CMCSA Comcast Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CMCSA Comcast Corporation prior to the earnings report this week,
I would consider purchasing the 37.5usd strike price Calls with
an expiration date of 2025-9-19,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MRK Merck Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MRK Merck prior to the earnings report this week,
I would consider purchasing the 80usd strike price Calls with
an expiration date of 2026-1-16,
for a premium of approximately $8.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TSLA Tesla Options Ahead of EarningsIf you haven`t bought TSLA before the recent rally:
Now analyzing the options chain and the chart patterns of LMT Lockheed Martin Corporation prior to the earnings report this week,
I would consider purchasing the 230usd strike price Puts with
an expiration date of 2025-4-25,
for a premium of approximately $10.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.