USDCHF Will Fall! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.897.
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 0.879 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.
Like and subscribe and comment my ideas if you enjoy them!
SELL
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H 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 1.769 area.
✅LIKE AND COMMENT MY IDEAS✅
GOLD Is Going Down! Short!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,936.271.
Considering the today's price action, probabilities will be high to see a movement to 2,899.545.
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.
Like and subscribe and comment my ideas if you enjoy them!
CADCHF Will Go Down From Resistance! Short!
Take a look at our analysis for CADCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.631.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.625 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!
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN is trending down which is evident 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 93,774.
✅LIKE AND COMMENT MY IDEAS✅
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 1.974 level area with our short trade on GBP/AUD 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.
✅LIKE AND COMMENT MY IDEAS✅
SPX500USD Will Go Lower! Sell!
Please, check our technical outlook for SPX500USD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 6,122.6.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 6,074.3 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.
Like and subscribe and comment my ideas if you enjoy them!
USOIL Will Go Down! Short!
Here is our detailed technical review for USOIL.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 7,215.2.
The above observations make me that the market will inevitably achieve 6,999.3 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.
Like and subscribe and comment my ideas if you enjoy them!
NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.515 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EURNZD Is Bearish! Sell!
Please, check our technical outlook for EURNZD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.819.
Considering the today's price action, probabilities will be high to see a movement to 1.806.
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!
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.900 support and resistance area.
Trade safe, Joe.
EUR/USD Poised for a Breakout – Real Move or Fakeout?EUR/USD continues its sprint within an ascending channel, fluctuating between support at 1.0403 and resistance at 1.0596. While buyers are trying to maintain control, the 1.0532 resistance remains a tough barrier to break.
The upcoming Manufacturing PMI data will be the key catalyst for the next move. If the report exceeds expectations, the euro could surge toward 1.0600. On the other hand, a weak reading may trigger a pullback toward lower support levels.
Trading Strategy:
Buy Setup: Wait for a retest of 1.0403, enter long on confirmation, targeting 1.0532 – 1.0596, with a stop-loss at 1.0380.
Sell Setup: If price fails to break 1.0596, consider short positions targeting 1.0532 – 1.0403, with a stop-loss at 1.0620.
Breakout Play: A strong breakout above 1.0596 could open the door for a rally toward 1.0650 – 1.0700.
Note: The PMI data release could be the trigger for EUR/USD's next explosive move – stay alert!
XAU/USD: Calm Before the Storm or Just a Pause?Gold (XAU/USD) remains steady near $2,950, despite hawkish signals from the FOMC minutes. Meanwhile, rising trade tensions and concerns over new tariffs from the Trump administration continue to fuel demand for the safe-haven metal.
On the 4H chart, price is moving sideways, stuck between support at $2,875 and resistance at $2,945. The bullish momentum seems to be weakening as it approaches key resistance, but buyers are not backing down just yet.
Trading Strategy:
Buy Setup: Wait for a retest of $2,875 support, enter long upon confirmation of a reversal, targeting $2,945, with a stop-loss at $2,860.
Sell Setup: If price fails to break $2,945, consider short positions targeting $2,875, with a stop-loss at $2,955.
Breakout Play: A strong breakout above $2,945 could trigger an extended rally toward $2,970 - $3,000.
Note: Gold’s next major move will depend on global trade developments. If tensions escalate, expect another explosive bullish run!
doge sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
USOIL is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 69.95 level.
✅LIKE AND COMMENT MY IDEAS✅
CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-CHF 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 0.621.
✅LIKE AND COMMENT MY IDEAS✅
AUD/CHF SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the AUD/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 0.569.
✅LIKE AND COMMENT MY IDEAS✅
USDCHF Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.90200 zone, USDCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area.
Trade safe, Joe.
SHORT ON NAS100Nas has been failing to break highs.
Highs continue to get Lower coming from a major resistance area.
Telsa, Amazon and others facing back lash for many political reasons. (negative)
I will be selling nas before unemployment news today that expect more people to be unemployed. (negative)
News could set this trade on Fire to the downside.
GBP/USD: On the Edge – Breakout or Breakdown?GBP/USD is locked in a tug-of-war around the 1.2637 zone, but history suggests that this level has rejected buyers at least twice before. The shadow of resistance looms large, and if history repeats itself, a strong correction could be on the horizon.
On the 4H chart, price is stuck between the EMA 34 and EMA 89, showing clear signs of weakening momentum. If GBP/USD fails to break through 1.2637, it risks sliding down to 1.2532 and even 1.2454 – where key support is patiently waiting.
Warning: The upcoming UK Retail Sales data will act as the key catalyst. If the numbers exceed expectations, GBP may hold its ground. However, if the data disappoints, the fall could happen faster than expected!
DXY Is Very Bearish! Short!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 106.963.
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 106.002 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.
Like and subscribe and comment my ideas if you enjoy them!