GBPNZD Is Very Bullish! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.147.
The above observations make me that the market will inevitably achieve 2.153 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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Buy
GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are going long on the GBP/JPY with the target of 198.957 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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EUR/CHF BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are now examining the EUR/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.942 level.
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NZD-CAD Locally Oversold! Buy!
Hello,Traders!
NZD-CAD keeps falling down
And the pair is locally oversold
So after the pair hits the horizontal
Support level of 0.8120 we will
Be expecting a local bullish
Correction and a move up
Buy!
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Check out other forecasts below too!
GBPUSD Short and Longs (News) Scenario 1: Both PMIs Better than Forecast
Actual Manufacturing PMI: 49.5 (Better than 48.8 forecast)
Actual Services PMI: 56.0 (Better than 55.2 forecast)
EUR/USD: Down - If both sectors perform better than expected, this might signal a stronger US economy, potentially leading to a stronger Dollar.
GBP/USD: Down - Similar to EUR/USD, a stronger US economic outlook could weaken GBP against USD.
USD/JPY: Up - Improved US PMI data might strengthen USD against JPY, especially if this leads to expectations of a tighter Fed policy.
Scenario 2: Both PMIs Worse than Forecast
Actual Manufacturing PMI: 48.0 (Worse than 48.8 forecast)
Actual Services PMI: 54.0 (Worse than 55.2 forecast)
EUR/USD: Up - If both sectors disappoint, this could indicate economic weakness in the US, leading to a weaker USD.
GBP/USD: Up - Weaker US data might make GBP relatively stronger, especially if UK economic indicators are not as disappointing.
USD/JPY: Down - A disappointing PMI might lead investors to question the US economic recovery, potentially weakening USD against JPY.
The Fib is just an example if we was to see a sell off it may come into play. If we not seeing a sell off the Fib will be non existent.
NZDJPY Will Go Up From Support! Buy!
Take a look at our analysis for NZDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 90.196.
The above observations make me that the market will inevitably achieve 90.681 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.
Like and subscribe and comment my ideas if you enjoy them!
EUR/NZD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.803.
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EUR/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 162.784 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Gold will complete it's C corrective move 2728!TVC:GOLD is in correction and will complete it's C corrective move UpTo 2728, in that level we will look for sell entry after getting 7-8 confirmation including technical and fundamental analysis. Traders don't rush for buy entry at these level just hold for good opportunity for entry, I will update in ideas section when gold breach 2728
**UPDATE** WENT OVER 10K PIPS !!. 2$ is comingWent over 10K Pips from the breakout entry and made almost $1000 in the same day. Hope yall made money too.
Next up the support held inside $1.37 area
The bulls made an amazing work played out the bands; but the breakout isnt over yet since the small corrections about to be finished.
Breakout is coming in the large from the 1.40 area ahould break above 1.42 zone; it will push up to 1.70 & 1.80 zone before get to 2$.
Do not miss another breakout opportunity
JPY Struggles Amid Rising US Dollar StrengthThe Japanese Yen is struggling to capitalize on the boost from rising domestic inflation. Uncertainty surrounding the Bank of Japan's (BoJ) interest rate hikes, combined with an optimistic market sentiment and soaring US Treasury yields, has kept JPY under pressure.
Meanwhile, the US Dollar continues its dominance, hitting a new yearly high and providing further support to the USD/JPY pair. The relentless strength of the USD has bolstered buyers, leaving the Yen with little room to recover in the near term.
GBP/USD: Bearish Trend Targets Lower LevelsGBP/USD is currently trading around 1.2564, extending its bearish trend after breaking below a long-term ascending channel. The price is consolidating below the resistance zone at 1.2685, which previously served as a support level, now turned resistance. This area is critical as it aligns with the recent breakdown structure.
If GBP/USD retests the 1.2685 level and fails to break above, the bearish trend is likely to continue. The next major support lies around 1.2360, where buyers may attempt to regain control. However, a sustained bearish move could push the pair even lower.
On the upside, a break above 1.2685 could lead to a short-term recovery toward the resistance zone near 1.2880, but this remains less likely given the prevailing downtrend. Traders should focus on selling opportunities near resistance levels, with targets around 1.2360 and stops placed above 1.2700 to manage risk effectively.
EUR/USD: Bearish Continuation in FocusEUR/USD is trading around 1.0469, r1.0510-1.0540, which
If the price retests the resistance zone but fails to break above, a bearish continuation could follow. Initial targets lie at *1.0440, wi1.0400 a
Traders should monitor price action closely at the resistance zone. Short positions could be considered near 1.0510-1.0540, with stop-loss levels set above 1.0550 to manage risk while targeting the next bearish leg.
Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand.
Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties.
Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains.
What about you? Do you think gold will conquer this critical milestone?
USDCHF Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88400 support and resistance zone.
Trade safe, Joe.
PAH3 - Opportunity to Buy a cheap Porsche? Stock - not a car :(GETTEX:PAH3
Quick Description of this stock:
PAH3 is the ticker symbol for Porsche Automobil Holding SE (Porsche SE). Holding company that primarily owns a significant portion of Volkswagen Group's shares and exercises 53,3% of voting rights in Volkswagen.
When you invest in PAH3 you are more exposed to Volkswagen's than Porsche AG's direct operations. These shares provide exposure to the broader automotive industry via VW's portfolio including Audi, Bentley, Lamborghini and others.
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Same as Porsche AG (P911) stock, we can see significant drop in price.. The highest point that price reached in 2024 was around 52.28 per share, with today's drop in price this marks 35.79% drop in 2024!
As we can see on the chart ( I am using Monthly chart as this is a longterm investment and analysis) price is currently in the historic Demand Zone from where it bounced back up. Depending on how this monthly candle closes we may witness history repeat itself or we are going lower to the All-in Zone even better zone to invest.
I called it All-in Zone as I think this stock is a great investment opportunity for those who wish to enter this market. You now have a chance to buy at price that we havent seen in 4 years! If we reach to the All-in Zone you will have a chance to buy this stock at a price that we havent seen since 2010 or even 2003 if we reach bottom of the zone.
Nobody really knows what will happen with VW group and I am not here to make predictions or wild guesses. I just look at the chart and price history and look at where we might go next, I love technical analysis.
So I started buying these stocks same as P911 each month... There is no guarantee for anything and this may be a really good opportunity. As there is big profit potential ! And if we go lower? You will just get a better average buy-in price.
For those who are willing to take the risk and have some connection to the car industry - like me.. This may be a good investment in the long run.
Also do not forget that owning this stocks Porsche will be paying you dividends once a year!
Patience is the key! Play it smart!
EUR/USD Pressured: Bears Eye Further DeclinesThe EUR/USD pair remains under selling pressure as it hovers near the 1.0550 level, unable to break free from its bearish trajectory. The chart reveals a clear head-and-shoulders pattern, indicating potential downward movement. The pair recently tested the support zone around 1.0530, and while minor recoveries have occurred, they have been capped by the resistance at 1.0567, aligning with the 50-period EMA.
With a failure to sustain above the resistance levels, sellers could push the price further downward. A break below 1.0530 might pave the way for a retest of the 1.0500 psychological mark, and potentially lower, as momentum indicators signal growing bearish sentiment.
For buyers to regain control, a decisive breakout above 1.0567 would be required, invalidating the current bearish structure. However, the dominant trend remains firmly in favor of the bears, suggesting further downside risks ahead.
Gold price continues to increaseGold prices continued their upward adjustment today, marking a three-day streak of gains as heightened risk aversion fueled demand for safe-haven assets. This impressive rally comes despite the strengthening U.S. dollar, showcasing the precious metal's resilience in uncertain market conditions.
So far this week, gold has surged over 3.40%, with bullish momentum driving prices closer to the key $2,700 mark. As investors seek refuge from mounting geopolitical tensions and economic risks, gold remains firmly in the spotlight, reinforcing its role as a reliable hedge against market volatility.
US500 Will Go Higher! Long!
Please, check our technical outlook for US500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,902.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 6,123.9 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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USDCAD Will Move Higher! Buy!
Take a look at our analysis for USDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.396.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.403 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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