GBPJPY Is Going Up! Long!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 192.359.
Taking into consideration the structure & trend analysis, I believe that the market will reach 195.116 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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Signals
EURUSD Will Go Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.137.
Considering the today's price action, probabilities will be high to see a movement to 1.129.
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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NZDJPY BULLISH OR BEARISH DETAILED ANALYSIS ??NZDJPY has successfully completed a bullish breakout from the descending channel structure that has been forming since mid-2024. The price action respected the trend boundaries flawlessly, and the breakout above the upper trendline confirms a reversal from the previous downtrend. Now trading around 86.200, this pair is showing strong momentum, supported by both technical breakout validation and fresh bullish sentiment in the market.
The pair is now targeting a measured move towards 93.000 in the coming weeks. The breakout is supported by increasing risk appetite across markets, as investors shift from safe-haven currencies like the Japanese Yen toward riskier assets such as the New Zealand Dollar. The sharp rejection from the lower trendline and the steady climb through April and early May marks the beginning of a potential bullish cycle. Traders should watch for retests and bullish continuation patterns to ride this wave.
Fundamentally, the New Zealand economy is seeing upward momentum with recent improvements in dairy exports and a surprise drop in unemployment to 3.8%, beating expectations. On the other hand, Japan’s stagnant inflation data and dovish Bank of Japan stance have weakened the Yen further. The widening interest rate differential between the Reserve Bank of New Zealand and the Bank of Japan continues to favor the Kiwi. This macro backdrop aligns with the technical breakout, offering additional conviction to bullish traders.
With technicals and fundamentals now in alignment, NZDJPY offers a high-probability long setup. Breakout traders and trend followers should consider riding this move toward the 93.000 target, with trailing stops to lock in profits as momentum continues. Keep an eye on global risk sentiment, commodity prices, and upcoming economic data from New Zealand for confirmation along the way.
GOLD WILL GO DOWN|SHORT|
✅GOLD is going down now
After a breakout a retest
A and a pullback from the
Key horizontal level
Of 3280$ so we are bearish
Biased and we will be expecting
A further bearish move down
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.33300 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.33300 support and resistance area.
Trade safe, Joe.
AUD_CAD RESISTANCE AHEAD|SHORT|
✅AUD_CAD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 0.8950
Price decline is to be expected
SHORT🔥
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EUR-CAD Will Keep Falling! Sell!
Hello,Traders!
EUR-CAD is going down
Now and the pair broke
The rising support line
Made a retest and is going
Down again now so we are
Bearish biased and we will
Be expecting a further
Bearish move down
Sell!
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Check out other forecasts below too!
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Gold recovers after deep fallWorld gold prices recovered to 3,238 USD/ounce on the morning of May 2 after hitting a bottom of 3,205 USD/ounce last night. The reason came from the sell-off when the Chinese market was on a long holiday, causing a lack of physical buying power.
However, investors quickly took advantage of this opportunity to buy, amid expectations that the FED would lower interest rates and central banks would continue to collect gold as a safe haven asset. The 4-hour chart shows that the price has bounced back from EMA89, heading towards the EMA34 resistance zone - a positive sign for a short-term recovery.
Easing market risks put pressure on GOLDOANDA:XAUUSD fell to a two-week low on Thursday (May 1), mainly due to signs of easing trade tensions and a long holiday in China, the world's largest gold consumer. Investors will be looking ahead to the US non-farm payrolls report due today (Friday), which is expected to cause major market movements.
Easing trade tensions between the US and other countries have kept investors optimistic throughout the week. In addition, easing US-China trade tensions have also added to the pressure on gold as there are no additional risks to stimulate safe-haven demand.
US President Donald Trump has decided to exempt some tariffs on the auto industry and made progress on deals with India, South Korea and Japan. On Wednesday local time, Trump said there was a great chance of reaching a trade deal with China and that there were "potential" trade deals with India, South Korea and Japan, and that he was working to reach agreements with the three countries.
The Trump administration hopes to reach preliminary trade agreements with several trading partners within weeks, U.S. Trade Representative Greer said Wednesday. U.S. Commerce Secretary Mattis Lutnick said at least one trade deal is close to being announced, several others are close to being finalized, and Trump may be waiting for an opportunity to announce them all at once.
Data released on Wednesday showed the US economy contracted in the first quarter and the personal consumption expenditures (PCE) price index was flat in March, turning investors' attention to the non-farm payrolls report due out today (Friday). The US non-farm payrolls report for April will be released on May 2 (8:30 a.m. ET). Expectations for the non-farm report are that traders and economists expect the report to show 133,000 new jobs in the US, average hourly earnings increased 0.3% month-on-month (up 3.9% year-on-year), and the U3 unemployment rate remained unchanged at 4.2%.
Fed policymakers said they would keep interest rates on hold until there are clear signs that inflation is falling toward the 2% target or there is a possibility that the job market is deteriorating.
Technical Outlook Analysis OANDA:XAUUSD
Technically, gold remains in the best position for bullish expectations with support from the EMA21 and the 0.50% Fibonacci retracement. Meanwhile, the Relative Strength Index (RSI) is also reacting to the 50 level, which is considered the closest support in terms of momentum.
In the short term, if gold returns to trade above $3,270, it will be considered the best condition for a bullish recovery to end the broad-based correction.
However, if gold is sold below $3,228 and maintains its price action below this level, it will likely continue to decline with a subsequent target of around $3,163 in the short term.
In the day, considering the current position, gold still has conditions for a bullish outlook technically and the notable price levels will be listed as follows.
Support: $3,228 – $3,163
Resistance: $3,267 – $3,270
SELL XAUUSD PRICE 3270 - 3268⚡️
↠↠ Stop Loss 3275
→Take Profit 1 3262
↨
→Take Profit 2 3256
BUY XAUUSD PRICE 3174 - 3176⚡️
↠↠ Stop Loss 3170
→Take Profit 1 3182
↨
→Take Profit 2 3188
DAX: Bears Are Winning! Short!
My dear friends,
Today we will analyse DAX together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 22,904.4 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the next key level of 22,755.9..Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
EURUSD: Next Move Is Down! Short!
My dear friends,
Today we will analyse EURUSD together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 1.13431 will confirm the new direction downwards with the target being the next key level of 1.13119.and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
EURUSD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for EURUSD .
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.132.
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 1.129 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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EURJPY Will Go Up From Support! Long!
Take a look at our analysis for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 163.939.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 168.000 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.
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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SILVER: Target Is Up! Long!
My dear friends,
Today we will analyse SILVER together☺️
The market is at an inflection zone and price has now reached an area around 32.356 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 32.538.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
NVIDIA Massive bullish break-out after 4 months of selling.NVIDIA Corporation (NVDA) made a critical bullish break-out yesterday (in the aftermath of Meta's and Microsoft AI capex numbers) as it didn't just break above the 1D MA50 (blue trend-line) that has been intact as a Resistance since February 27 but also above the top of the Channel Down that has been the dominant pattern throughout this correction since the January 07 All Time High (ATH).
The 1D RSI is on an Inverse Head and Shoulders (IH&S) pattern, which is always bullish and if NVDA closes a 1D candle above the 1D MA50 next, then our short-term Target will be 143.50, which is just below Resistance 1 and the 2.0 Fibonacci extension.
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GOLD: Move Up Expected! Long!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,260.03 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 3,281.72.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
NZDCHF Will Fall! Sell!
Please, check our technical outlook for NZDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.493.
Considering the today's price action, probabilities will be high to see a movement to 0.487.
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.
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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S&P500 1st 4H Golden Cross since Jan could be a TRAP!S&P500 (SPX) completed yearly today its first Golden Cross on the 4H time-frame since January 23. That formation issued an immediate pull-back but technically it's not very similar to the today's as that was formed after an All Time High (ATH) while now we are on the recovery phase after March's massive Trade War fueled correction.
The 4H Golden Cross however that looks more similar to the current is the one before January's, the August 21 2024. That was formed after a substantial market pull-back, though again not as strong as March's. Still, the 1D RSI patterns are also more similar and that again should keep us on high alert as 2 weeks later the index pulled back to the 0.5 Fibonacci retracement level from its previous High Resistance.
As a result, if we see the price now turning sideways for a week or so, we will give higher probabilities for a short-term pull-back, maybe not as low as the 0.5 Fib but at least to the 5450 region, before the market takes off to 6000.
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IMXUSDT Forming Inverse Head and Shoulder
IMXUSDT is currently showcasing one of the most reliable bullish reversal patterns on the charts – the inverse head and shoulders. This formation typically signals a shift from a bearish to a bullish trend, and with the neckline nearing a potential breakout point, this setup is becoming increasingly attractive. The current price action reflects a strong bounce from a key support level, aligning perfectly with the right shoulder of the pattern.
Volume has started to rise significantly during this bounce, which further validates the possibility of a confirmed breakout once the neckline is breached. Such volume activity typically precedes large price movements, especially when it coincides with technical patterns like this. Traders and investors are beginning to recognize this potential and are showing renewed interest in IMX.
With an expected gain of 150% to 160% from current levels, this setup could be one of the most explosive moves in the altcoin space. The pattern targets suggest a move toward previous highs, making IMXUSDT a strong candidate for mid-term bullish trades. The broader market sentiment also supports altcoin rallies, adding fuel to the bullish thesis for this coin.
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TURBOUSDT Showing Bullish Breakout
TURBOUSDT has successfully bounced from a strong support zone, marked by extended consolidation and accumulation in the highlighted pink range. This critical area acted as a base for bullish interest and now the price is showing a breakout pattern with a surge in both volume and momentum. This is typically a strong sign of renewed bullish sentiment among retail and institutional traders.
As seen in the chart, Turbo is currently trading around 0.0055 and could be setting up for a major move towards the projected price target of approximately 0.013. That’s a potential gain of over 130%, which makes this trade highly attractive for short to mid-term swing traders. The volume confirmation adds further strength to the breakout, suggesting that demand is increasing and sellers are drying up.
Technically, the market structure has shifted with higher highs and higher lows, signaling trend reversal from the downtrend seen earlier in the year. If price holds above the breakout zone, we could witness rapid movement to the upside. Investors are taking interest in this low-cap gem, especially with current sentiment favoring altcoin breakouts.
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SUIUSD is consolidating ahead of massive Leg. Can it hit $9.500?Sui (SUIUSD) has completed Stage 1 of its recovery process following the April 07 bottom. That was a Higher Low on the 2-year Fibonacci Channel Up and having already broken above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), the price is now consolidating.
This is fairly similar to what it did on September 20 2024, which was followed by a strong rise to the 1.0 Fib (previous High) where the price pulled-back to the 1D MA50. That was its final test before the peak forming rally just above the 1.5 Fibonacci extension.
As a result, we expect SUI to hit at least $9.500 on the long-term.
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