USDJPY Buyers In Panic! SELL!
My dear friends,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 156.76 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 154.65
Recommended Stop Loss - 157.90
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Trading
EUR-AUD Will Keep Growing! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair made
A bullish breakout of the
Key level of 1.6596 then
Made a pullback and is
Now going up again
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
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Check out other forecasts below too!
AUDCHF My Opinion! BUY!
My dear followers,
This is my opinion on the AUDCHF next move:
The asset is approaching an important pivot point 0.5571
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.5594
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USD/JPY Trade Recap: Precision at Its Best!This trade on USD/JPY played out beautifully, showcasing the power of a well-structured approach and advanced tools like the WiseOwl Indicator. Let’s break it down:
Trade Context:
On the 1H timeframe, the market was respecting a clear bullish structure.
Using the WiseOwl Indicator, I spotted an ideal entry point at the breakout of the accumulation phase, which aligned perfectly with the higher timeframe trend.
What Happened:
The entry signal was spot on, and price moved precisely toward my medium-term target of 156.74 and even beyond.
Currently, price is hovering around 157.45, and I’m watching for a potential pullback into the 155.50–156.00 zone for the next move.
Key Takeaway:
The WiseOwl Indicator helps simplify decision-making by highlighting key setups in alignment with market structure. Paired with patience and a solid understanding of context, this creates high-probability opportunities.
💬 What are your thoughts on this trade? Are you using similar tools to refine your entries and exits? Let’s discuss below!
XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for.
XAUUSD is currently trading at around 2605 .
We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago).
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play.
Overall XAUUSD is still extremely bearish . We could see the following scenarios happen.
Scenario 1: SELL from 2620
We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells.
Scenario 2: SELL from 2633
A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level.
Scenario 3: SELL from 2590
Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD.
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD is overall bearish.
- XAUUSD sells are valid from key pullback areas 2620 and 2633.
- XAUUSD breaks below 2590 would also confirm further sells.
Happy trading!
FxPocket
GBPCAD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.8206
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.8179
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
CADJPY Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 109.05
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 108.00
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 163.20
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 161.54
Safe Stop Loss - 164.03
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Bitcoin technical analysis + trade planThe chart shows a clear falling wedge formation. This is a bullish reversal pattern that suggests a potential upward breakout.
Price is nearing the wedge's apex, indicating that a breakout might be imminent.
Key Support and Resistance Levels:
Support Levels:
$88,671.83 (near-term critical support)
$86,000.00 (strong psychological support)
Resistance Levels:
$95,497.11 (short-term resistance near breakout zone)
$108,329.96 (target resistance post-breakout)
Indicators:
VWMC Cipher B Divergences:
Bullish divergence appears on the indicator, aligning with the falling wedge's bullish potential.
RSI:
RSI is below 30, indicating oversold conditions, which often precede a rebound.
Money Flow Index (MFI):
MFI is oversold, suggesting incoming buying pressure.
Stochastic Oscillator:
Stochastic is in the oversold region (<20), showing high potential for a bullish reversal.
Market Sentiment:
Given the oversold indicators and bullish pattern, the market is primed for a potential upside movement. However, confirmation of the breakout is critical.
Trading Plan:
Entry Strategy:
Enter long near the wedge's lower boundary (~$90,000), with a tight stop loss below $88,000.
Conservative Entry:
Wait for a breakout above the wedge's resistance (~$96,000) and enter after confirmation with a retest of the breakout level.
Stop-Loss Placement:
Place stop-loss below the nearest support level:
Aggressive traders: $87,500
Conservative traders: $92,000 (post-breakout retest failure)
Profit Targets:
First Target: $108,329.96 (major resistance level post-breakout)
Second Target: $114,000 (psychological level, based on historical price action)
Risk Management:
Risk no more than 1-2% of your portfolio per trade.
Use position sizing to balance risk-to-reward ratios (minimum 1:3).
Monitoring
Volume: Ensure the breakout is accompanied by increased volume.
Candle Structure: A solid close above $96,000 validates the move.
Invalidation:
If the price falls below $88,000, the wedge pattern is invalidated, signaling further downside.
Alternative Scenario (Bearish):
If Bitcoin breaks below $86,000, expect a test of lower levels. Potential targets include $82,000 and $78,000.
Bitcoin is poised for a significant move. The falling wedge, oversold indicators, and strong support levels suggest an imminent bullish breakout. However, patience for confirmation is key to minimizing risk and maximizing gains. Adjust your strategy dynamically based on market conditions.
DXY Will Grow! Long!
Here is our detailed technical review for DXY.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 108.242.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 108.539 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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BITCOIN Will Go Lower From Resistance! Short!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 95,186.
The above observations make me that the market will inevitably achieve 90,936 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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GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
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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DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 106.945.
Taking into consideration the structure & trend analysis, I believe that the market will reach 108.251 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.
Like and subscribe and comment my ideas if you enjoy them!
USOIL LONG FROM SUPPORT
Hello, Friends!
We are going long on the USOIL with the target of 70.67 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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GBP/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/USD is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.262 level.
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EUR/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on EUR/USD right now from the support line below with the target of 1.059 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 107.832.
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After the US pivoted monetary policy : ??At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
According to analysts, the gold market has been volatile at times after the US pivoted its monetary policy. Specifically, the FED is expected to cut interest rates by a total of 0.5 percentage points only twice in 2025. This is a big change compared to the FED's announcement in September 2024 that there would be 4 interest rate cuts next year. This move has stimulated a very strong increase in the price of the USD and US bond interest rates.
Because gold is priced in USD, when the "health" of this currency is stronger, it will put pressure on the price of this precious metal. Higher US bond interest rates have attracted investors to put capital into bonds, reducing demand for gold.