EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 1.834 area.
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2-sell
Current XRP sell, remember my POI?This isn’t the best photo to show you guys but it’s just an update to my XRP bias. I’m on a sell currently Targetting that $2-1.50 level. Will be watching how price reacts as it reaches those levels.
What do you guys think, will XRP drop down for us to buy the dip and accumulate ? Or will it just keep going lower!?
Share your thoughts down below 👇
NZDUSD: High CPI and Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.56400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.56400 support and resistance area.
Trade safe, Joe.
GBPJPY Will Move Lower! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 191.143.
The above observations make me that the market will inevitably achieve 190.342 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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USOIL BEARS ARE GAINING STRENGTH|SHORT
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We are targeting the 69.83 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
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The BB upper band is nearby so EUR-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.473.
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USD/CHF BEST PLACE TO SELL FROM|SHORT
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Previous week’s green candle means that for us the USD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.910.
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USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. 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 1.430 area.
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GBPUSD Possible IdeaDue to the pair consistently breaking lows and respecting highs on the daily timeframe, it was then evident that it is over all bearish. It recently broke the latest low on the daily timeframe, where it preceded to form a rising wedge to induce liquidity on both sides withing the daily range. Price has recently broke out of the wedge to the upside to mitigate a supply area just above it. This then could be the liquidity price could use to fuel its move to the downside to take out liquidity below the wedge as well as liquidity resting beneath our most recent low.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area.
Trade safe, Joe.
GBPCHF: Swing Trading & Technical Analysis
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCHF pair which is likely to be pushed down by the bears so we will sell!
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NZDCHF Will Fall! Sell!
Please, check our technical outlook for NZDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.515.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.507 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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EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03800 support and resistance area.
Trade safe, Joe.
SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 30.518 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair.
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AUD/USD SHORT FROM RESISTANCE
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AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.611 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 151.552 level area with our short trade on USD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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CAD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 105.821.
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xausd key areas to watch with detailed analysisHere's an analysis of XAU/USD at 2,861 as of February 10, 2025, incorporating technical and fundamental insights from the search results:
Current Context
Gold (XAU/USD) is trading near 2,861, a critical juncture given recent market dynamics. This level aligns with forecasts and technical patterns discussed in the search results, offering insights into potential bullish or bearish scenarios.
Key Technical Levels
Immediate Support:
2,861: Coincides with the lower bound of February 2025’s forecasted range (2,861.25–2,991.30). A hold here could signal bullish resilience.
2,746–2,695: Deeper support zones if a correction occurs, based on Fibonacci retracement levels and trendline analysis .
Resistance Levels:
2,868–2,900: The next psychological and technical hurdles, with 2,868.56 (R2) noted as a swing high target .
2,991–3,000: Upper bound of February’s projected range and a key breakout target .
Long-Term Trend:
Gold remains in an ascending channel (up ~27% since 2024), supported by geopolitical uncertainty and central bank demand .
The 100 SMA is above the 200 SMA on the 4-hour chart, indicating underlying bullish momentum .
Bullish Scenario
Triggers:
Fed Policy & Inflation: Continued dovish signals from the Fed (e.g., rate cuts) and persistent inflation could drive gold higher .
Geopolitical Risks: Escalating tensions (e.g., Middle East conflicts, U.S.-China trade policies) may boost safe-haven demand .
ETF Inflows: Positive gold ETF flows, as seen in late 2024, could reignite upward momentum 3.
Technical Outlook:
A bounce from 2,861 could target 2,900–2,991, aligning with February’s forecast .
A break above 2,991 opens the path to 3,000+, with institutions like JPMorgan forecasting $3,150 by year-end .
Bearish Risks
Triggers:
USD Strength: A stronger dollar (e.g., from robust U.S. data or hawkish Fed rhetoric) may pressure gold .
Profit-Taking: Overbought signals (RSI at 57) and resistance at 2,868 could trigger short-term pullbacks .
Reduced Safe-Haven Demand: Easing geopolitical tensions or risk-on sentiment might reduce gold’s appeal .
Technical Outlook:
A breakdown below 2,861 could test 2,746–2,695 (Fibonacci and trendline support) .
Sustained selling might invalidate the uptrend, risking a drop toward 2,625 (critical 100-day SMA).
Macro Drivers to Watch
U.S. Economic Data: Non-Farm Payrolls (NFP), CPI, and Fed rate decisions will influence USD and gold .
Geopolitical Events: Developments in Ukraine, Middle East, and U.S. trade policies under Trump .
Central Bank Activity: Continued gold purchases by central banks (e.g., China, India) may stabilize prices
Short-Term Forecast
Base Case: Consolidation near 2,861–2,900 as markets digest recent gains and await catalysts.
Upside Bias: Favored if gold holds above 2,861, targeting 2,991–3,000 .
Downside Risk: A close below 2,861 could trigger profit-taking toward 2,746
Conclusion
At 2,861, XAU/USD is at a pivotal level. While the broader trend remains bullish (supported by inflation, geopolitics, and central bank demand), short-term volatility from USD fluctuations and technical resistance could dominate. Traders should monitor 2,861 as a key support and watch for breaks above 2,900 or below 2,746 to confirm directional bias.
support and resistance for short term:
Resistance:
2872
2885
2894
2900
2911
2920
these resistance points can be used as bullish targets
Support:
2855
2851
2841
2833
2830
2819
2800
2782
these support points can act as bearish targets
LIKE BOOST AND SHARE US SUPPORT US
Selling Pressure Ahead as UPS Approaching Key ResistanceUPS, after breaking below the critical support, is currently trading within a descending channel, indicating the potential validity of a long-term downtrend. At present, the price has once again approached the resistance at the 38.2% Fibonacci level. This is expected to generate significant selling pressure, resulting in a downward push in price. Considering the 3-day chart, the drop could be relatively substantial. The final downside target is identified at the 78.6% Fibonacci level, which corresponds to the $120 mark.
However, a breakout above the channel would serve as a strong warning sign for sellers. If the price manages to produce a new higher high thereafter, it is likely that bulls will regain complete control. Nonetheless, at the moment, bears are clearly dominating the market. Therefore, we are currently initiating our short position.
DXY Will Go Down From Resistance! Short!
Here is our detailed technical review for DXY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 108.210.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 107.439 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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SILVER Will Go Lower! Sell!
Take a look at our analysis for SILVER.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 32.270.
The above observations make me that the market will inevitably achieve 30.893 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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AUDJPY Is Going Down! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 96.297.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 95.036 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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