USOIL Is Bearish! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 69.178.
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 66.684 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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Forex
BITCOIN Will Fall! 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 approaching a key horizontal level 118,337.45.
Considering the today's price action, probabilities will be high to see a movement to 113,068.85.
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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CADJPY: Bearish Move From Resistance 🇨🇦🇯🇵
There is a high chance that CADJPY will drop
from a key daily resistance cluster.
As a confirmation, I see a triple top pattern
on an hourly time frame and a violation of its neckline.
Goal - 106.9
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EUR/USD | Holding Above 1.16 Could Unlock More Upside! (READ IT)By analyzing the EURUSD chart on the 4-hour timeframe, we can see that the price reacted beautifully to all the marked zones on the chart. Especially after reaching the 1.14 demand area, it experienced a strong bullish move, rallying over 200 pips to hit 1.16. Currently, EURUSD is trading around 1.16220, and if it holds above the 1.16 level, we can expect further upside. The next bullish targets are 1.16435, 1.16780, 1.17100, and 1.17500.
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ETHUSD Is Going Up! Buy!
Here is our detailed technical review for ETHUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 3,601.00.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3,751.96 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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USDJPY Will Fall! Sell!
Take a look at our analysis for USDJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 147.518.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 144.599 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.
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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USDCAD Will Go Down From Resistance! Short!
Please, check our technical outlook for USDCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.375.
The above observations make me that the market will inevitably achieve 1.362 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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NZDUSD Will Go Higher! Long!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.592.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.602 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.
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Gold Trading Strategy XAUUSD August 6, 2025Gold Trading Strategy XAUUSD August 6, 2025:
Spot gold edged lower in Asian trading yesterday (August 5), currently trading around $3,380/ounce. On Tuesday, the US ISM Services PMI came in at 50.1, below the forecast of 1.4 and below the previous month's reading of 0.7; the news sent gold prices soaring in the US session.
Fundamentals: Gold prices surged after weak jobs data increased the likelihood of a rate cut by the Federal Reserve. Data released last Friday showed that the number of new jobs in the US non-farm sector was much lower than expected, indicating a sharp deterioration in the labor market. The probability of the Fed cutting interest rates in September increased to 87%, up from 63% last week.
Technical analysis: Gold price is still in the uptrend channel in the H1 frame, the 3365 - 3370 area is supporting the gold price to continue following the price channel. If the gold price continues to fluctuate according to the price channel, the next prospective area could be 3400 - 3405 or even 3420 - 3425. However, the RSI and MA lines have shown signs that the buyers are weakening, so the gold price is very likely to have a strong correction from today until the end of the week.
Important price zones today: 3365 - 3370, 3400 - 3405 and 3420 - 3425.
Today's trading trend: SELL.
Recommended order:
Plan 1: SELL XAUUSD zone 3403 - 3405
SL 3408
TP 3400 - 3390 - 3380 - 3350 - OPEN.
Plan 2: SELL XAUUSD zone 3423 - 3425
SL 3428
TP 3420 - 3420 - 3400 - 3380 - OPEN.
Plan 3: BUY XAUUSD zone 3365 - 3367
SL 3362
TP 3370 - 3380 - 3390 - 3400.
Wish you a safe, successful and profitable trading day.🥰🥰🥰🥰🥰
USDCAD: Bulls Will Push
Looking at the chart of USDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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GBPCAD: Could we see price continue to the downside?Price on GBPCAD looks quite interesting at the moment, this latest moves continues the narrative of a downtrend.
As it is following a downtrend, each touch has served as a catalyst for a directional move. The most recent interaction is particularly interesting, because it's hovering here for some time now, and this could be a clue that we can use.
What may follow is subtle but telling: compression at trendline, low-volume candles suggesting exhaustion, all aligning for more potential release downward.
My target would be toward 1.8100 where we have a clear support zone. Momentum has respected structure and if this move plays out, I don't think it will be a breakout, but a continuation of a narrative that’s already been happening. This is what makes the setup so compelling. It’s not new, it’s the a "story being told".
Though a scenario for more upside is possible and can happen just as much. Still, I would take the side for more downside taken into account all above.
Gold Trading Strategy XAUUSD August 6, 2025Gold Trading Strategy XAUUSD August 6, 2025:
Spot gold edged lower in Asian trading yesterday (August 5), currently trading around $3,380/ounce. On Tuesday, the US ISM Services PMI came in at 50.1, below the forecast of 1.4 and below the previous month's reading of 0.7; the news sent gold prices soaring in the US session.
Fundamentals: Gold prices surged after weak jobs data increased the likelihood of a rate cut by the Federal Reserve. Data released last Friday showed that the number of new jobs in the US non-farm sector was much lower than expected, indicating a sharp deterioration in the labor market. The probability of the Fed cutting interest rates in September increased to 87%, up from 63% last week.
Technical analysis: Gold price is still in the uptrend channel in the H1 frame, the 3365 - 3370 area is supporting the gold price to continue following the price channel. If the gold price continues to fluctuate according to the price channel, the next prospective area could be 3400 - 3405 or even 3420 - 3425. However, the RSI and MA lines have shown signs that the buyers are weakening, so the gold price is very likely to have a strong correction from today until the end of the week.
Important price zones today: 3365 - 3370, 3400 - 3405 and 3420 - 3425.
Today's trading trend: SELL.
Recommended order:
Plan 1: SELL XAUUSD zone 3403 - 3405
SL 3408
TP 3400 - 3390 - 3380 - 3350 - OPEN.
Plan 2: SELL XAUUSD zone 3423 - 3425
SL 3428
TP 3420 - 3420 - 3400 - 3380 - OPEN.
Plan 3: BUY XAUUSD zone 3365 - 3367
SL 3362
TP 3370 - 3380 - 3390 - 3400.
Wish you a safe, successful and profitable trading day.🥰🥰🥰🥰🥰
Support & Resistance – Quick Guide In 5 StepsSupport and resistance are key concepts in technical analysis that help traders identify where price is likely to react.
Support acts like a floor — a level where buying interest is strong enough to prevent further declines.
Resistance acts like a ceiling — a level where selling pressure can stop price from rising.
These zones often lead to bounces, reversals, or breakouts, and are used to plan entries, exits, and stop-losses.
How to Identify them:
1. Assess the chart.
2. Identify Swing Points: Look for repeated highs/lows and label them. (Flags)
3. Multiple touches: Highlight the zones with multiple touches. 2+ Touches are stronger.
4. Define: Clearly define the zones. Above is resistance, below is support.
5. Entry: When price makes it way down to support, wait for the reversal. Upon reversal enter on the low time confirmation. Ensure price has failed to break below the support.
Then set TP to the previous High/Resistance zone.
Tips:
Always treat S&R as zones, not exact lines.
Combine with trend, candlestick patterns, or volume for better confluences.
Avoid trading into strong S/R — wait for breaks or retests.
EURUSD: Bearish Continuation & Short Trade
EURUSD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry - 1.1603
Sl - 1.1617
Tp - 1.1575
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER BEARS WILL DOMINATE THE MARKET|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,781.0
Target Level: 3,556.1
Stop Loss: 3,930.5
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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NZD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
NZD/CAD SIGNAL
Trade Direction: short
Entry Level: 0.815
Target Level: 0.811
Stop Loss: 0.819
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
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AUD/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H 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 0.891 area.
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CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CHF/JPY with the target of 181.383 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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NZDUSD The Target Is DOWN! SELL!
My dear friends,
NZDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.5932 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 - 0.5903
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
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
GOLD What Next? BUY!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 3366.7
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 3375.9
Safe Stop Loss - 3361.7
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
BTCUSD: Is the Downtrend About to Accelerate?Hey everyone! What do you think about BTCUSD right now?
Yesterday, XAUUSD continued its downtrend and is currently trading around 114,089 USD.
The main reason for this is the US job data showing higher-than-expected unemployment, increasing the likelihood that the Federal Reserve will cut interest rates in September. This expectation has weakened the USD, making gold and other safe-haven assets more attractive, but at the same time, BTC/USD is facing negative pressure from the price channel.
In the short term, the price continues to maintain a bearish trend. Notably, we observe a bearish crossover between the EMA 34 and 89, along with a break of the previous uptrend line—both of which reinforce the current downtrend.
If there’s a pullback before the next drop, the Fibonacci retracement levels of 0.5–0.618 (which also align with resistance levels and the EMA) will be key zones to watch. This could be the ideal level for potential trade setups.
Looking ahead, the next support target is around 110,000 USD. If this level breaks, BTC could head towards the 10X,000 USD range.
What do you think? Share your thoughts in the comments!