EURUSD Forming the new long-term Top.The EURUSD pair continues to trade within a Bullish Megaphone pattern and is about to complete today the 4th straight red 1D candle.
This is technically a top formation as the 1D RSI went from overbought (above 70.00) to below 60.00. Technically a downtrend gets confirmed when the price breaks below the 1D MA50 (blue trend-line) so until it does, the probability for another short-term bounce there isn't small. This is what took place in September 2024.
Once the 1D MA50 breaks though, we expect a test of Support 1 at 1.03650, as it happened on October 23 2024.
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Signals
EURUSD Maintains Bearish Momentum - Is 1.07500 the Next Target?OANDA:EURUSD is trading within a well-defined descending channel, with price action consistently respecting both the upper and lower boundaries. Recently, the price rejected a key resistance zone, reinforcing bearish momentum and signaling a potential continuation toward lower levels.
The current price action suggests that if price continues to respect this resistance, we could see further downside toward 1.07500, aligning with the lower boundary of the channel. However, if price breaks above the channel and sustains above it, the bearish outlook may be invalidated, potentially signaling a shift in momentum. Monitoring price action and volume at this level will be essential for confirmation.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EURUSD: Selling strategy continues to be the priority!In recent trading sessions, EURUSD has faced continuous downward pressure from multiple directions - both fundamental news and technical signals indicate a rather negative outlook for the Euro.
Fundamentally, Eurozone's manufacturing and services PMI data continue to disappoint, remaining below the 50 mark, signaling signs of economic recession. Additionally, recovery expectations remain weak, while the US continues to report more robust economic indicators.
This has put EURUSD in a "tight squeeze": Euro weakens due to internal data, while the USD receives support, creating a clear downward pressure dynamic.
On the H4 chart, EURUSD is not just falling, but also following a very “textbook” logic: Price breaks support → returns to the resistance zone (Fibo 0.5–0.618) → creates a bearish divergence pattern → continues to break the bottom → extends the trend.
EURUSD - 2 ScenariosHello Traders !
On Tuesday 11 March, Th EURUSD reached the resistance level (1.09374 - 1.09058).
So, We have 2 Scenarios:
BULLISH SCENARIO:
If the market breaks above the resistance level and closes above that,
We will see a bullish move📈
TARGET: 1.11580🎯
BEARISH SCENARIO:
If the price breaks and closes below the neckline,
We will see a huge bearish move📉
TARGET: 1.06350🎯
GBPCHF Will Grow! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.142.
The above observations make me that the market will inevitably achieve 1.150 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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Latest Gold Update Today!Dear friends, let's explore the gold price after major fluctuations!
On developments and results:
Gold is typically considered a safe-haven instrument during economic and political turbulence and tends to rise in value when interest rates are low. This year, the price has set new highs 16 times, reaching a record of $3,057 during the March 20 session.
Conclusions about gold and trends:
"The market is cooling down. Profit-taking activities are occurring and the dollar is also stronger." Nevertheless, safe-haven demand, both for political and commercial risks, will continue to be the main driving force for gold prices.
The strategy of buying gold during price corrections remains reasonable, as long as the important support level at $2,980 holds firm. For prices to extend further gains, they need to break above the resistance level of $3,060 as mentioned on the 1-hour hart.
What are your thoughts on gold's movement? Please leave your comments to let me know! Good luck!
EURUSD: Bears continue to enjoy the advantageHello everyone.
Yesterday, EURUSD experienced a significant price liquidation, dropping to 1.0800 and closing at the lowest level of the week.
This correction occurred as the US Dollar (USD) regained momentum, with the US Dollar Index (DXY) pushing further above the 104.00 mark as investors continued to monitor the latest developments surrounding tariffs.
With the current price structure, I still prioritize a selling strategy, especially as long as it remains below both the EMA 34 and EMA 89 lines, the main trend remains downward. Pay attention to the support level at 1.0870, from which there is potential for a breakdown and further price decline.
Wishing you successful and profitable trading!
EURUSD Is Going Down! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.078.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.067 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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USDJPY: Buyers continue to dominate the marketDear friends!
As Brian mentioned in his previous analysis, USDJPY's breakout from the bearish channel has led to a significant price increase. At the time of writing, the price is trading below the 151.00 resistance level. The upward trend is particularly strong as it consolidates at high levels with stable trading activity on the 1-hour timeframe.
Additionally, the market's optimistic sentiment - driven by hopes for less disruptive US trade tariffs, Russia-Ukraine peace negotiations, and China's stimulus measures - is considered a headwind for the safe-haven JPY. This has contributed to making the market hotter than ever before. The price increase is expected to reach 151.85, which corresponds to the 1.618 Fibonacci level. What are your thoughts on this matter? Do you agree with me?
Gold Trend for Today : 25th March '25On Tuesday, March 25, 2025, I don’t have real-time market data to confirm the exact trend for gold (XAUUSD) today, but I can analyze the levels you’ve provided—upper resistance at 3035–3060 and a downward trend toward 3000 and 2960—based on available context, recent forecasts, and sentiment.
Current Drivers:
Bearish Pressure: A stronger USD (possibly tied to Trump’s tariff rhetoric, per News18) and reduced safe-haven flows if geopolitical tensions ease could push gold lower today. X sentiment notes a “fluctuating upward trend” turning into a high adjustment, hinting at consolidation or a dip.
Bullish Counter: Industrial demand and central bank buying (World Gold Council: 1,000+ tons in 2024, accelerating in Q4) might limit the downside, keeping 3000 as a floor unless a major catalyst shifts sentiment.
Conclusion
Gold’s trend today, per your levels, suggests a bearish tilt: testing resistance at 3035–3060 and moving toward 3000, potentially 2960 if support fails.
NZD_USD SUPPORT AHEAD|LONG|
✅NZD_USD is set to retest a
Strong support level below at 0.5690
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 0.5750
LONG🚀
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US500 Is Bearish! Sell!
Here is our detailed technical review for US500.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 5,754.53.
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 5,665.70 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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CAD_JPY POTENTIAL LONG|
✅CAD_JPY made a bullish
Breakout of the key horizontal
Level of 104.800 and the breakout
Is confirmed which reinforces our
Bullish bias and makes us expect
A further move up after the
Retest of the new support
LONG🚀
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GBPAUD Will Go Down! Short!
Take a look at our analysis for GBPAUD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.056.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.044 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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XAUUSD The 4H MA50 makes all the difference.Gold (XAUUSD) is so far maintaining its long-term bullish trend and will continues to do so even on the short-term, as long as it holds the 4H MA50 (blue trend-line). There are three different Channel Up patterns involved and as long as the 4H MA50 holds, the (dotted) short-term Channel targets 3080 at least.
If the price breaks below the 4H MA50 and the dotted Channel Up, it would be best to close any buys and short instead, targeting the 4H MA200 (orange trend-line) at 2960. It has to be said that every time the 4H RSI traded downwards as it has since Wednesday, a stronger pull-back to the bottom of the long-term Channel Up took place, so that has to favor 2960.
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GOLD MARKET ANALYSIS AND COMMENTARY - [March 24 - March 28]Last week, although the OANDA:XAUUSD had a sharp decrease in the last 2 sessions of the week, overall, the gold price this week continued to increase for the 3rd consecutive week. After opening at 2,985 USD/oz, the gold price increased to 3,057 USD/oz, but then dropped sharply to 2,999 USD/oz in the last session of the week, then recovered and closed the week at 3,023 USD/oz.
The reason why the gold price decreased sharply in the last session of last week was because the USD increased again after the FED meeting, when some US economic indicators, such as initial unemployment benefits, production index... were all at a positive level, showing that the US economy has not shown any signs of recession. In addition, some FED officials said that the FED is not in a hurry to continue cutting interest rates, although the FED's dot chart previously showed that the FED will still aim to cut interest rates twice this year.
This week, the US will release a number of important indicators, such as PMI, consumer confidence, revised Q4/2024 GDP, and personal consumption expenditures (PCE). Of these, PCE will receive special attention from the market, because this index is the inflation measure that the FED is most interested in. If PCE increases sharply, the FED will continue to cut interest rates. On the contrary, the FED will continue to keep interest rates unchanged in the upcoming meetings.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Several key economic data releases this week, including the S&P Global Manufacturing and Services PMIs on Monday and the U.S. Consumer Confidence Index on Tuesday, will give the market a clearer picture of where the U.S. economy is headed.
However, the most important data for investors will be the Federal Reserve's preferred inflation gauge, the core personal consumption expenditures (PCE) index, due Friday morning.
Other notable data releases include new home sales on Tuesday, durable goods orders on Wednesday, and pending home sales, weekly unemployment figures, and U.S. fourth-quarter GDP on Thursday.
📌Technically, the key support level for gold this week is around $2,954/oz, while the resistance level is at $3,057/oz. If gold continues to break above $3,057/oz next week, it could open the door for a further rally towards the $3,100/oz resistance zone. On the contrary, gold could face profit-taking pressure, causing the price to fall to around $2,950/oz.
Notable technical levels are listed below.
Support: 3,021 – 3,000USD
Resistance: 3,051 – 3,057 – 3,065USD
SELL XAUUSD PRICE 3101 - 3099⚡️
↠↠ Stoploss 3105
BUY XAUUSD PRICE 2949 - 2951⚡️
↠↠ Stoploss 2945
GOLD Risky Short! Sell!
Hello,Traders!
GOLD made a rebound
From the support and went
Up but will now retest a
Local horizontal level
Of 3030$ from where
We will be expecting
A local bearish reaction
Sell!
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USDJPY: Upward momentum likely to continue in Bulls' favor!Brian, hello everyone!
USD/JPY has surged sharply to 149.50 following the release of Japan's core CPI data, amid the USD maintaining its solid recovery momentum. However, the policy divergence between the BoJ and Fed, along with cautious market sentiment regarding trade risks, may help the Yen maintain its safe-haven role, somewhat restraining the strong upward momentum of this currency pair.
In the short-term picture, USDJPY continues to find strong support from the 34,89 EMA, which shows signs of convergence aimed at reinforcing the upward trend. Notably, the bullish channel remains unbroken, indicating that buyers still hold the advantage. Any corrective pullback could present an opportunity to enter BUY orders, targeting the upper boundary of the trend channel as illustrated in the chart.
AUD-CAD Bearish Breakout! Sell!
Hello,Traders!
AUD-CAD made a bearish
Breakout of the key horizontal
Level of 0.9022 which is now
A resistance and the breakout
Is confirmed so we are bearish
Biased and we will be expecting
A further move down
Sell!
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GBPJPY Will Go Higher! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 193.677.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 194.756 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!