GBPUSD Will Move Lower! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.338.
Considering the today's price action, probabilities will be high to see a movement to 1.331.
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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SELL
GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,239.86
Target Level: 3,127.89
Stop Loss: 3,314.33
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
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AUD/CAD BEARS ARE GAINING STRENGTH|SHORT
AUD/CAD SIGNAL
Trade Direction: short
Entry Level: 0.898
Target Level: 0.882
Stop Loss: 0.909
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 83.261 area.
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US30 Markup May 18thWhat did the tomato say to the other tomato during a race? Ketchup!! Now lets ketchup on these charts.
Price is in an uptrend and is nearing my key level 42,474. If price breaks and retests that area, then I will get in for the buy and buy up to 42,672 area.
However, like a puppy, price does whatever it wants. So, if price breaks structure around 42,268, I shall wait for price to break and retest that area so I can get in for the sell down to 42,141.
I shall be waiting for the break and retest on the one-minute timeframe for both the buy or sell.
Lastly, enjoy yourself, and be responsible.
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.86
Target Level: 55.95
Stop Loss: 65.80
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the CAD/JPY with the target of 101.132 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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CHFJPY Will Go Lower! Short!
Please, check our technical outlook for CHFJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 174.993.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 174.502 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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US100 SHORT FROM RESISTANCE
US100 SIGNAL
Trade Direction: short
Entry Level: 21,312.4
Target Level: 19,338.7
Stop Loss: 22,625.1
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the AUD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 88.446 level.
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GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/CAD right now from the resistance line above with the target of 1.836 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.
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USD/JPY(20250516)Today's AnalysisMarket news:
Fed Chairman Powell: The Fed is adjusting its overall policy-making framework. Zero interest rate is no longer a basic situation. The wording of underemployment and average inflation rate needs to be reconsidered. PCE is expected to drop to 2.2% in April.
Technical analysis:
Today's buying and selling boundaries:
145.93
Support and resistance levels:
147.26
146.77
146.44
145.42
145.10
144.61
Trading strategy:
If the price breaks through 145.93, consider buying, the first target price is 146.44
If the price breaks through 145.42, consider selling, the first target price is 145.10
GBPJPY Will Go Lower From Resistance! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 195.398.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 194.206 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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BITCOIN BEARS ARE GAINING STRENGTH|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 103,219.31
Target Level: 92,838.77
Stop Loss: 110,139.67
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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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GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
GBP/JPY SIGNAL
Trade Direction: short
Entry Level: 193.409
Target Level: 190.219
Stop Loss: 195.512
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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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GBP/AUD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/AUD is trending down which is obvious 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 2.047.
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EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the EUR/JPY with the target of 163.215 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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Are you shorting the bounce or waiting for confirmation?Japan’s Q1 GDP came in worse than expected: -0.2% QoQ (-0.7% annualized). Weak consumption, soft exports, and a fading external boost despite a weak yen isn't a great combo for Asia’s largest export economy.
The Nikkei 225 reacted immediately, and the H4 chart is starting to reflect deeper structural pressure.
🔍 Technical Outlook:
- Price reversed from the high of 38,745.
- Price is testing the 50 SMA and could enter the Ichimoku cloud.
- The cloud is signalling a twist, which could be a sign of momentum fading and the trend weakening or reversing.
📊 Projection:
If the price closes below the 50 SMA and breaks through the cloud, further downside could be expected, with the target levels at
- 36,800 (last consolidation zone), and
- 35,570 (38.2% fibonacci retracement level and 200 SMA).
Alternatively, if the bulls defend the cloud, we could see the price climb to the resistance level of 40,500
This is a classic macro meets technicals moment. A weak data print is lining up against the possibility of a technical rollover.
Gold Loses 3,220 – Will It Fall Further?Gold has just broken through the 3,220 support and closed the H4 candle at $3,213/ounce. The strong red candle with volume shows that the sellers are still in control. I saw the EMA34 cut down to the EMA89 early and maintained a negative slope – confirming a clear downtrend.
I am watching the 3,180 – 3,200 zone as the next target. If the price rebounds but does not surpass 3,240, I will continue to sell. The current situation is not suitable for buying against the trend, especially when the USD is still strong and the safe-haven sentiment is decreasing.
BITCOIN Will Go Down! Short!
Take a look at our analysis for BITCOIN.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 102,528.88.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 97,324.69 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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EURUSD Will Move Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.118.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.090 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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EURJPY Will Fall! Short!
Here is our detailed technical review for EURJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 164.491.
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 163.510 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.
Like and subscribe and comment my ideas if you enjoy them!