EURUSD What Next? SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1685
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 - 1.1647
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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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WISH YOU ALL LUCK
Short
SILVER: Bearish Continuation is Expected! Here is Why:
The recent price action on the SILVER pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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Bitcoin will break support level and continue to fall nextHello traders, I want share with you my opinion about Bitcoin. The macro bearish bias for Bitcoin was established after the price was strongly rejected from the 121000 Resistance Level, leading to a breakdown from its prior upward channel. This initiated a new bearish phase, first within a downward channel, but the selling pressure for BTC has since intensified, causing a breakdown below that channel's support as well. Currently, the asset is in an accelerated downward fall, guided by a steep local trend line, and is directly testing the critical buyer zone at the 109700 support level. The primary working hypothesis is a short scenario, now predicated on the failure of this major horizontal support. While a brief consolidation or a minor retest of the nearby trend line may occur, the overwhelming bearish momentum suggests a high probability of a breakdown. A decisive break and hold below the 109700 support level would confirm the continuation of the downtrend and open the path for further declines. Therefore, the TP for this breakdown scenario is logically placed at 104000 points, representing the next major area of potential support. Please share this idea with your friends and click Boost 🚀
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.00
Target Level: 62.79
Stop Loss: 64.80
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
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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CHF/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
It makes sense for us to go short on CHF/JPY right now from the resistance line above with the target of 182.348 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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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EURUSD Is Very Bearish! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.168.
The above observations make me that the market will inevitably achieve 1.157 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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The day after a new higher highHello fellow traders! 👋
It seems like so many times again, the market went in a different direction than you may have expected. 🤷♀️
After multiple positive words from members of the Fed, a rate cut is likely to happen and is getting priced in. 📉 On Friday, July 29, we got some good economic data from the U.S., but the market acted differently. 🤔 Why is this? The data wasn't worse than expected; it was as expected. The market is taking this as a sign—a sign for higher prices. But, and this is a fact, many retail traders aren't. 😥
It's not about confusion; it's about the market (and us as traders) not having priced in all the possibilities. 🤯
The truth is, they are lying to you. They (the government) are telling people and the news that things are about to get fixed and will be good, but they aren't. 🤥 If you think the data we got on Friday is true, think again. Look at the data; you'll see the forecast was as expected, but in reality, the numbers are better than before. Do you get it? The obvious conclusion isn't always the real one. 💡 In my opinion, the U.S. economic data everyone is talking about is much better than many people think because the news is written to make it seem bad. 😒 You can think whatever you want, of course!
Price went up, not down, and a rally was chased. Many stop-loss orders were hit and turned into a cascade of higher prices. 📈 Institutions are buying gold, yes, because the dollar is cheap (?), and a rate cut is coming with a very high probability. 💰 So they buy gold, which results in many people's (and that's a good thing) stop-loss orders being executed. 👏 (sorry)
I've seen it in the past, and you can see it too if you look at my data table. Whenever a very high gold price was reached, a correction followed. 📉
I expect a correction on Monday or Tuesday, and this correction will lead to at least $3418, which is the 0.382 Fibonacci level. In my view, $3403 is the 0.5 level and more realistic. If you look at the table I put in the image, you can see that the day after a high price like we had today, the correction was always at the 0.5 Fibonacci level or more! 📊
Don't think it won't happen; they will trap you in any way they can, such as with fakeouts... 😈
Believe in the market and its structure because, until now, there has never been a day without a correction after a rally like this! 💪
NATGAS: Bearish Forecast & Bearish Scenario
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NATGAS chart which, if analyzed properly, clearly points in the downward direction.
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SILVER Set To Fall! SELL!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 39.719 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 39.114
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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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WISH YOU ALL LUCK
EURUSD: Bearish Continuation
The analysis of the EURUSD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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Gold will start to decline and then exit from wedgeHello traders, I want share with you my opinion about Gold. The market dynamic for XAUUSD has seen a significant evolution, transitioning from a corrective falling wedge into a new bullish phase after a powerful breakout from the lows. This upward trend has since matured and taken the shape of a large upward wedge, a pattern that has been guiding the price higher through a series of rebounds and corrections. This formation, while bullish in the short term, often signals potential trend exhaustion as it approaches its apex. Currently, the price action for XAU is at a critical juncture, pushing up against the upper resistance line of this wedge. The primary working hypothesis is a short scenario, which is predicated on the common bearish resolution of a rising wedge pattern. It is anticipated that the asset will be rejected from this resistance line, signalling that buying momentum is waning. A confirmed failure at this peak would likely trigger a sharp reversal, with enough selling pressure to cause a breakdown below the wedge's ascending support line and the current support level of 3390. This structural failure would validate the bearish thesis and initiate a new downward leg. Therefore, the TP is logically set at 3370 points, representing a prudent first objective for the price to achieve following the anticipated breakdown of the wedge structure. Please share this idea with your friends and click Boost 🚀
NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on NZD/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 85.565.
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CAD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
CAD/JPY is trending down which is clear 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of 105.850.
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HYPE-USDT SHORT UPDATE #1Hello my friends 😍
I am back with a very interesting update from the last analysis I put on the HYPE-USDT cryptocurrency 😎
💁♂️ In the previous analysis I identified the supply area and considered two scenarios
1️⃣ The first scenario was that it enters the supply area and consumes liquidity and then we will see a price correction
2️⃣ The second scenario was that it crosses the supply area and consumes liquidity from the higher areas and then we move downwards
✅ The first scenario was activated and after hitting the supply area we have seen a price correction of more than 14% so far
What could be better than this? 🙂↕️
Did you use the analysis and find it useful? 🤔
Share your comments with me 😍
To support me, I would appreciate it if you boost the analysis and share it with your friends so that I can analyze it with more energy for you, my dears. Thank you all. 💖
GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,406.14
Target Level: 3,357.86
Stop Loss: 3,438.15
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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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AUD/JPY BEARS ARE STRONG HERE|SHORT
AUD/JPY SIGNAL
Trade Direction: short
Entry Level: 96.098
Target Level: 95.328
Stop Loss: 96.611
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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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BTC in Trouble if THIS Support Breaks !Hello BTC Watchers
The previous update on Bitcoin was on how we may expect the altcoin market to play out during the next few weeks. (Find it here):
Now, if we look at Bitcoin in the weekly timeframe, the price is trading right on top of a KEY support zone. Here, we can either see a dip - marking the start of the bearish cycle OR the price can maintain this level and perhaps even push towards a higher high. This will all depend on the SUPPORT ZONE, and if the weekly candle will close ABOVE or BELOW this zone.
This would be between these zones:
Interestingly enough, we've extended to a full 2.0 on the Fibonacci retracement level. This will be very helpful in determining major bounce zones during the bearish season:
The next week will be vital! Update to follow at the end on the week on the progress of Bitcoin.
EURGBP Will Move Lower! Sell!
Here is our detailed technical review for EURGBP.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.867.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.864 level soon.
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.
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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GBPJPY Is Bearish! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 197.986.
Considering the today's price action, probabilities will be high to see a movement to 196.726.
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.
Like and subscribe and comment my ideas if you enjoy them!
GBPCAD Will Go Down! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.859.
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 1.852 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.
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!
USDJPY Will Go Lower! Short!
Take a look at our analysis for USDJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 148.034.
Considering the today's price action, probabilities will be high to see a movement to 146.852.
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.
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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EURGBP Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8665
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8647
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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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WISH YOU ALL LUCK