Trading
EUR-AUD Strong Resistance Ahead! Sell!
Hello,Traders!
EUR-AUD surged up sharply
And the pair is locally overbought
So after it hits a horizontal resistance
Of 1.7190 from where we will
Be expecting a local bearish
Correction and a move down
Sell!
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Check out other forecasts below too!
EUR_USD SHORT FROM RESISTANCE|
✅EUR_USD will be retesting a resistance level soon at 1.0824
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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CNBCAnyone remember 2 years ago when yield curve inversions were happening and they moved the goal post for recession? Naw, nothing to see here! Jim Cramer just like 6 months ago said that anyone that uses the yield curve as a tool is spreading FOMO and FUD, blah, blah, blah. I still cannot believe after the Wells Fargo garbage anyone would ever listen to Cramer but they still do. It just shows who in the market is delusional. Just focus on earnings he said. Now that Trump is in office the main stream media has done a complete 180 degrees. On CNBC yesterday: The federal Reserve's favorite recession indicator is now flashing warning signs. Nobody in mainstream media was saying anything about recession's on the Biden administration clock but now that Trump is in office the yield curve and inversions matter? This just did not happen overnight, not even remotely. You can look up numerous charts that show spending by President and Biden was the absolute worst, ever. If you listen to facts, you cannot fail as a trader but if you play follow the leader, you absolutely will get your rear end handed to you. Follow charts, not feelings, not the news, especially CNBC. Here is a news flash, recession: You wish, The Great Depression 2.0 with WW3 is next. You cannot print into oblivion and think nobody is going to pay for this. The US dollar isn't even worth 3 cents. People think inflation is the cost of products going up. It is not, inflation is the dollar worth less and that is why the dollar does not get stretched as far. Companies just take advantage of inflation to jack prices and line their pockets. It really is that simple. Back during the Great Depression, JP Morgan bailed the market out. Fun Facts:
-J.P. Morgan was a banker who helped the U.S. government during the Panic of 1893 and the Panic of 1907.
-During the Panic of 1893, Morgan helped the U.S. government by purchasing $62 million in gold to replenish the government's gold reserves.
-During the Panic of 1907, Morgan and his banker friends purchased $30 million in city bonds to prevent a financial collapse.
-Morgan also helped to finance the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric in 1891. A total of less than $100 million.
You are not bailing out a market that is over $30 Trillion in debt, so what happens? You want to know the truth? We don't do anything, default on the debt, the dollar crashes (which it already has) and we move to a new system. Which is CBDC, or Central Bank Digital Currency. Why do you think Trump is so big on crypto? Because he knows what is next, he is a business man. No matter what you think about presidents as people, they are all in on this and you're not invited. This is why I swing trade because until this hits bottom and I am talking S&P 500 to 1100 type of bottom, there's nothing long that looks great at all. We have to crash first. So many falsehoods out there being propagated by main stream media and wanna be traders, instead of just saying the truth. In the markets, it doesn't matter which side you're on, money doesn't care who you vote for. Stick to the charts and you cannot lose in short term trades. It isn't about the quantity of trades and your 40 accounts. It's about the quality, in and out. We have to stop lying in the financial world because of political sides. Politics does not belong on Wall Street. In the late 90's, I never even heard anyone talk about Democrats or Republicans on the trading floor. My point of all this? Do you see how following narratives can get you into trouble? 401ks, pensions, retirements are going to implode when the debt market finally gives way. Get ready folks!!
GBPJPY: Time For Pullback 🇬🇧🇯🇵
On the today's live stream, we discussed a selling opportunity on GBPJPY.
The market looks bearish after a test of a key horizontal resistance.
A formation of a bearish engulfing candle confirms the strength of the sellers.
I expect a retracement to 190.15
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RUNE Long OpportunityMarket Context:
RUNE has been trading within a range for the past few weeks, and price has now retraced to the lower support level of this range. This presents a solid opportunity for a long entry targeting the next resistance levels.
Trade Details:
Entry Zone: $1.18
Take Profit Targets:
$1.30 - $1.35
$1.45 - $1.60
Stop Loss: Just below $1.10
This setup offers a strong risk-to-reward ratio, with potential for range-bound trading before a breakout. 🚀
LINK Long OpportunityMarket Context:
LINK is currently testing the range's high support level at $15.30. A break and hold above this level could present a strong long opportunity for further upside.
Trade Details:
Entry Zone: $15.30
Take Profit Targets:
$16.50
$17.50
Stop Loss: Just below $14.60
This trade setup focuses on confirmation of strength at support, aiming for higher targets if the breakout sustains. 🔥
EURUSD Set To Fall! SELL!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0707 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0572
Recommended Stop Loss - 1.0774
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURJPY Technical Analysis! SELL!
My dear subscribers,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 159.58 pivot level.
Bias - Bearish
My Stop Loss - 160.34
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 158.15
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPCHF Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPCHF is below:
The price is coiling around a solid key level - 1.1403
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1366
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 31.462.
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EUR/CHF SHORT FROM RESISTANCE
Hello, Friends!
EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.942 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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 157.265 area.
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EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.528 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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US500 Will Move Lower! Sell!
Please, check our technical outlook for US500.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,819.9.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,578.2 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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ETHUSD Is Bullish! Long!
Here is our detailed technical review for ETHUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,237.6.
The above observations make me that the market will inevitably achieve 2,552.5 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.
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GBPUSD Is Very Bearish! Short!
Take a look at our analysis for GBPUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.283.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.276 level soon.
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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EURJPY Is Going Up! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 160.068.
Considering the today's price action, probabilities will be high to see a movement to 163.150.
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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Sail BullishAfter a long consolidation at the bottom Sail has formed a Bullish engulfing candle at the bottom and giving a breakout of the resistance level.
Entry- 111-112
Support- 107.5-107
Target- 120, 125
Disclaimer- This is just for educational purpose please take advice from your financial advisor before making any decision.
Jai Shree Ram
USD/CAD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are going long on the USD/CAD with the target of 1.437 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Gold futures for April are trending upWorld gold prices continued to rise amid a weakening US dollar. The US Dollar Index – a measure of the greenback’s strength against six major currencies – fell 0.49% to 106.145 points.
Risk aversion remains high in the market due to geopolitical tensions and new tax policies. The US has just imposed tariffs on goods imported from Mexico, Canada and China. In response, these countries have also applied retaliatory measures, affecting about $1,000 billion of global trade.
China is likely to let the yuan depreciate to reduce the impact of tariffs and boost exports. If the yuan continues to weaken, many investors in China may flock to gold as a safe haven.
Asian and European stock markets are trending lower, while US stocks are also forecast to open with slight losses.
SUPPORT : 2900 , 2892
RESIST : 2930 , 2950